Perth-based GR Engineering Services has won a $36 million contract to design and build a processing facility in Queensland for private equity-backed Auctus Resources.
Private equity group Auctus Chillagoe looks set to gain control of Atherton Resources, after major shareholders said they would vote in favour of the improved $56 million offer.
The private equity group seeking control of Mungana Goldmines has lifted its takeover bid to 17 cents per share, above recent trading levels but below the valuations of the company's independent expert.
Private equity group Auctus Chillagoe's proposed takeover of Mungana Goldmines looks set to be defeated, with Mungana's major shareholders announcing their intention not to accept the offer.
THE launch this month of independent oil and gas producer Quadrant Energy has underlined the big role private equity investors play in Western Australia, owning more than a dozen major businesses a
An independent expert's report has found private equity group Auctus Chillagoe's takeover bid for Mungana Goldmines to be both unfair and unreasonable, saying the 13.5 cents a share price was opportunistic and undervalued the business.
Mungana Goldmines has told its shareholders to reject a 13.5 cents a share takeover offer from Auctus Chillagoe, an entity led by former Karara Mining boss Steve Murdoch, saying it undervalues the company and its assets.
GREG Evans has got off to a flying start in his new role as KPMG's global leader of mining M&A, with one of the firm's major clients announcing its first takeover bid last week.
Shares in resources developer Mungana Goldmines have shot up 33 per cent today after an off-market takeover proposal backed by private equity group Denham Capital.
Western Australian resources companies are increasingly looking to private equity players for funding as an alternative to traditional capital raisings, with more than $300 million in deals just this month.
Global private equity group Denham Capital has teamed up with former Karara Mining chief executive Steve Murdoch to establish a venture that will invest in a handful of new and established mining projects.
Karara Mining has promoted chief financial officer Paul Sims to the newly combined role of chief executive officer and CEO, following CEO Steve Murdoch's (pictured) resignation.
Construction contractor AusGroup has taken legal action against Mid West iron ore miner Karara Mining, suing the joint venture today after securing an injunction in secret hearings yesterday to pre
Two contractors on Gindalbie Resources' recently commissioned Karara iron ore project have been hit by contractual disputes, with one contractor initiating legal action this week.
While Western Australia's mining industry is well-represented on the list of the state's top exporters, a number of manufacturing and technology companies are also creating significant export revenue.
