News Articles for RBC Capital Markets

High commodity prices and a wave of cross-border capital have fuelled another busy half for WA's dealmakers.

The ownership of Perth-based Zenith Energy is set to change with giant KKR acquiring a majority stake from other private equity players.

Japanese giant Sumitomo Metal Mining has forked out $615m for a stake in Rio Tinto's big Western Australian copper discovery.

Gold miner Newcrest has rejected a takeover bid from US giant Newmont, instead rewarding shareholders with a massive dividend.

UPDATED: Warrego Energy has taken the unusual step of publicly criticising the two bidders for the company while Mineral Resources has revealed a 16 per cent stake.

A battle is looming for Perth Basin hopeful Warrego Energy, with Beach Energy lobbing the second takeover offer revealed in two days.

Two speeches in two days will give the Reserve Bank of Australia an opportunity to demonstrate how hawkish it is feeling as rate hikes loom.

Corporate advisers expect a more difficult market after a very buoyant period, but also see a silver lining.

Perth technology company HealthEngine has made a key change in its corporate structure, signalling it is moving closer to proceeding with a stockmarket float.

Afterpay has confirmed it is closer to listing on a US stock market after North America overtook Australia and New Zealand as the biggest region for sales.

Former Reserve Bank of Australia governor Glenn Stevens once told parliamentarians that the Australian business community was lacking the "animal spirits" that were needed to drive economic growth.

Incentives for businesses to invest and create jobs will be at the heart of the federal budget, a Morrison government minister says.

Newcrest Mining has completed a $1 billion placement, partly to fund an increased stake in a goldmine in South America, amid to raise a further $100 million under a share purchase plan.

BHP has detailed the rapid expansion of its recently established Operations Services subsidiary, which it says is delivering better results than the maintenance contractors it has displaced from its iron ore and coal operations.

Saracen Mineral Holdings confirmed today it has agreed to buy a 50 per cent stake in Kalgoorlie's famous Super Pit gold mine with managing director Raleigh Finlayson saying the asset has already delivered positive surprises.

Silver Lake Resources is set to acquire EganStreet Resources in a scrip deal worth $52 million, as the gold miner seeks to bolster its Deflector operations with a new ore source.

Australis Oil & Gas is seeking to raise $30.5 million via a share placement, with the funds set progress its Tuscaloosa Marine Shale project in the US.

Carnarvon Petroleum has launched a $50 million share placement, with the funds set to primarily progress the commercialisation of the Dorado oil discovery, as part of its Phoenix project, located in the North West Shelf.

Mining giant Rio Tinto expects to produce more iron ore this year, after it shipped 338.2 million tonnes of iron ore from its Pilbara operations in 2018, in line with full-year guidance.

Sheffield Resources has announced plans to raise up to $19 million, enabling the company to formally evaluate potential strategic partners for its Thunderbird mineral sands project in the Kimberley.

Local gold producers Silver Lake Resources and Doray Minerals have announced a merger to create a mid-tier company to be led by Silver Lake managing director Luke Tonkin.

Dacian Gold has announced a capital raising worth up to $45 million to fund exploration at its Mt Morgans operation near Laverton.

Opinion: Businesses that fail to change when the market demands are playing with fire.

Potash explorer Agrimin has boosted its coffers with a $10 million capital raising to progress the definitive feasibility study being undertaken at its Mackay project in Western Australia.

The board of China-focused Sino Gas & Energy Holdings has backed a takeover offer from US private equity group Lone Star, which values the gas producer at $530 million.

Mining giant BHP Billiton has trimmed its full-year iron ore production guidance after being forced into unexpected dumper car maintenance.

Department store sales helped retail spending rebound sharply in February, but economists aren't getting carried away by the surprisingly strong result.

Rio Tinto has finalised its exit from Australian coal with the $2.25 billion sale of its 80 per cent stake in Queensland's Kestrel underground mine.

Gold miner Northern Star Resources expects to meet its full-year sales target despite a fall in December quarter gold sales.

Sydney-based gas producer AWE will raise $38 million via a share placement to fund the next stage of the Waitsia gas field project in the Perth Basin.

Perth-based miner South32 is launching a $US500 million ($A655 million) on-market share buyback as the BHP Billiton spin-off continues to benefit from the recovery in commodity prices.

Fortescue Metals Group looks set to achieve its full-year guidance after outlining steady iron ore shipments and further cost cuts in the December quarter.

Three fast-growing gold miners have undertaken further expansion moves in Western Australia, with Evolution Mining announcing its intention to make a takeover offer for Phoenix Gold.

Chinese company Zijin Mining Group has pressed ahead with its unsolicited takeover bid for Phoenix Gold, despite Evolution Mining's recent on-market acquisitions at a price 20 per cent above that which Zijin is offering.

The tussle for control of Phoenix Gold intensified today after Zijin Mining Group struck a pre-sales agreement with one of the miner's largest shareholders, boosting its interest to 17.9 per cent ahead of announcing a cash takeover bid that values the business at $47 million.

Sino Gas & Energy Holdings has completed an $80 million capital raising to fund a development plan for its onshore gas projects in China.

Western Australia's unemployment rate has remained at 4.9 per cent in April, in line with the national rate which has held steady at 5.8 per cent.

SPECIAL REPORT: The gold and technology sectors have experienced a boost in investment activity for the March quarter, but doubts remain over whether it will last.

Phoenix Gold has announced plans to raise up to $18.2 million through a share placement and entitlement offer to fund staged development at its Castle Hill mine near Kalgoorlie.

Northern Star Resources looks set to emerge as the fifth biggest gold mine operator in Western Australia following its $75 million acquisition of Barrick Gold's majority stake in the East Kundana joint venture and the Kanowna Belle mine.