ASX-listed De Grey Mining has received a series of credit approved term sheets from domestic and international banks, as it pushes towards developing its Hemi gold project in the Pilbara.
The West Perth company says the proceeds, in tandem with cash on hand, will fully fund the equity component of its $1.3 billion Hemi gold project in the Pilbara.
Our weekly appointments wrap includes Katherin Domansky, David Joyce, Rob Bransby, Martin Anda, Melissa Su-Wei Teo, Sheldon Day, Pete Adams, Dave Clow, Rachel Lee, Michael Hood, Zac Wood and John Toll.
Mineral Resources will purchase the lithium and base metal rights at Pantoro's Norseman gold project under a $60 million deal adding to its acquisitive streak.
De Grey has launched a $300 million capital raising to start making a mine out of its Hemi deposit, while the inevitable sting of inflation lifts build costs to $1.3 billion.
Carnarvon Energy is waiting on approval from the Foreign Investment Review Board to sell a slice of its Dorado project to Taiwan's national oil and gas enterprise.
Canadian gold explorer Novo Resources Corp will explore a dual listing on the ASX after its Mallina Basin neighbour De Grey Mining became its largest shareholder.
Perth advisory firm Azure Capital has been mandated to find a new owner for national convenience store chain 7-Eleven, which is chaired by Perth-based Michael Smith.
Perth-based investment bank Azure Capital has substantially boosted its Sydney office, with former managing partner Adrian Arundell moving east and a new director recruited from Gresham.
Drilling services company MTi Group has been sold by local private equity group Viburnum Funds, adding to a string of sales of local firms to global mining services giants.
Malaysian conglomerate Sime Darby Berhad has bought national equipment hire agency Onsite Rental for $635 million to diversify its presence in the Australian market.
Pantoro and Tulla Resources have announced plans for an all-scrip merger of the companies to consolidate ownership of the Norseman gold project in the state's Eastern Goldfields.
Zenith Insurance Services, Dardanup Butchering Co, Austral Pool Solutions, Omni Dental and Forpark Australia were among numerous private WA companies to change hands late last year.
West Perth-based mining company Pantoro is negotiating with its joint venture partner Tulla Resources to acquire 100 per cent of the Norseman gold project.
Pfizer has made a $100 million bid for WA-founded med-tech company ResApp Health, as it announces a six-month research partnership for COVID-19 products.
Poynton Stavrianou has laid claim to being Perth's largest fully-independent investment bank after appointing a new director and reporting growth in its operations.
Azure Capital has appointed three new partners, including a recruit from global investment bank Goldman Sachs, to support the growth of its infrastructure practice.
Ramelius Resources is on track to complete a $180 million takeover of Apollo Consolidated, having acquired more than half of the explorer's issued capital.
Ramelius Resources has lifted its offer for Apollo Consolidated to $181 million to trump that of takeover rival Gold Road after securing backing from the target's board and second largest shareholder.
De Grey Mining is looking to institutional investors to fund the development of what it believes may become one of the largest producing gold mines in Australia.
Apollo Consolidated shares ascended after receiving an off-market takeover offer from WA gold player Ramelius Resources as the company ramps up pursuits for feasible gold assets.
The board of Cirrus Networks has rejected what is calls an inadequate takeover bid from Webcentral Group that valued the Perth-based IT services business at about $30 million.
