Southern Cross Electrical Engineering is set to expand its service offering with the $53.5 million acquisition of an electrical services group based in Victoria.
The administrators of Gascoyne Resources have recommended creditors support a deed of company arrangement (DOCA) that includes a capital raising targeting up to $80 million and a potential full return to unsecured creditors.
Australia's big banks have another challenger after South Africa's Investec announced plans to open a local branch following its successful application for a local licence.
PwC has joined KPMG, BIS Oxford Economics and Investec in winning advisory work on the partial privatisation of Landgate – with each adviser securing increasingly large contracts.
Eastern Goldfields' executive chairman and largest shareholder Michael Fotios has resigned from the embattled gold miner, while US investor Hawke's Point Holdings looks set to increase its stake in the company after agreeing to buy some of its debt and support a planned recapitalisation.
The state government will partially privatise title registry agency Landgate in a move expected to raise at least $640 million, with the money to be used to fund the state's share of the National Redress Scheme for child abuse victims.
Millennium Minerals has secured a $17.5 million loan facility with Investec to fund an expansion of the company's Nullagine gold project in the Pilbara.
Local contractor SRG today announced the purchase of New Zealand-based TBS Group for $NZ35 million ($32.9 million), with a $24 million capital raising being used to part-fund the acquisition.
The state government has completed its analysis of potential sale options of the TAB wagering business, with a two-phase consultation process with the racing industry now set to take place to determine a final outcome.
The state government has selected investment bank Investec as its commercial adviser on land registry agency Landgate, adding to speculation it is a likely privatisation target.
Western Australia's three largest dairy producers are now under foreign ownership, after Brownes was sold to a consortium of investors that includes Chinese dairy operator Shanghai Ground Food.
Former Wallaby player and experienced minerals executive John Welborn will take the helm of Perth-based gold company Resolute Mining when outgoing CEO Peter Sullivan steps down in late June.
Gold miner Troy Resources says it has secured the final funding required to develop its Karouni project in West Guyana, with Investec Bank agreeing to provide the company with a $100 million revolving credit facility.
Wolf Minerals has arranged final funding for construction of its Hemerdon tungsten and tin project in England after agreeing to a discounted share placement.
Troy Resources will tap the market for about $38 million through a placement and share purchase plan to fund development at its West Omai gold project in Guyana.
Gold outfit Troy Resources says it has signed a mandate iwth Investec Bank (Australia), which will provide a $25 million revolving corporate debt facility for the development of the Casposo gold project in Argentina.
LOCAL listed gold explorer Wedgetail Exploration has agreed on terms and conditions for a $4 million working capital facility from Investec Bank (Australia).
