Austin Engineering has 12 months to find a new chief after David Singleton gave notice of his retirement following a three-year stint at the helm, which has earned him almost $20 million.
Poseidon Nickel has announced the resignations of long-time board members David Singleton and Chris Indermaur, with their replacements coming from major shareholders Black Mountain Metal and Squadron Resources.
Austal has appointed Chris Indermaur to its board as a non-executive director, while William ‘Bill' Plyley has stepped down as chairman of Stavely Minerals due to health reasons.
Poseidon Nickel has announced a $74.6 million capital raising, backed by Andrew Forrest's Squadron Resources, days after US group Black Mountain Metals pulled out of a $66 million takeover proposal.
Poseidon Nickel and Aphrodite Gold have agreed to form a jointly-owned company to own Poseidon's processing facilities at its Black Swan nickel operation and Aphrodite's nearby gold tenements.
Poseidon Nickel expects to spend up to $25 million to restart operations at its mothballed Silver Swan mine near Kalgoorlie, according to a definitive feasibility study released today.
Poseidon Nickel has landed an agreement for Kidman Resources to use its mothballed Lake Johnston infrastructure to process lithium ore from the Melbourne-based company's Mt Holland mine, in a deal potentially worth at least $18.5 million.
Perth business executive Tim Brady is planning to list his new software business AssetOwl on the ASX through a $6 million reverse takeover of Regalpoint Resources.
Poseidon Nickel has signalled it no longer plans to pursue a major debt capital raising in the United States, appointing a new chairman to replace US-based Bud Scruggs.
FAITH was a big word washing around investor circles following the $1.69 billion deal by Alinta to take over the Australian and New Zealand assets of the US-based Duke Energy Group.
