Wesfarmers says it expects to book $90 million pre-tax profit on the sale of its Premier Coal business to Chinese-owned Yancoal, after the deal was given regulatory approval today.
Australian stocks ended modestly higher as positive leads from the United States helped the local market claw back some ground after a week of heavy losses.
Monadelphous Group has won a $70 million construction, operation support and services contract with lead engineering contractor Bechtel for the early phases of the Wheatstone gas project near
Perth-based Mundo Minerals’ wholly owned Brazilian subsidiary Mundo Mineração has filed for creditor protection from a Brazilian judge against a US$8.1 million debt.
Mutiny Gold has completed its full acquisition of the Gullewa Gold project, paying $4 million cash and 40 million shares to ATW Gold Corp Australia for the final 30 per cent interest of the project
Emergent Resources has formed a new exploration and development company (NewCo) with Chinese company International Natural Resources (INR), which will seek ASX listing in 2012.
Sydney-based Southern Cross Venture Partners has been appointed by the federal government as fund manager of Australia’s largest renewable energy venture capital fund, making available a total
Indonesia will slash live cattle exports from Australia by nearly half in 2012, and will move to phase out all cattle imports from Australia within three or four years.
Atlas Iron has sold the Balla Balla magnetite, vanadium and titanium project to Forge Resources for $40 million plus a capped royalty from future production.
Law firm Maurice Blackburn will file class actions against the other big banks for charging exorbitant customer fees after the partial success in a court case against ANZ.
Bendigo and Adelaide Bank will pay about $130 million for Bank of Cypress Australia, which caters to the Greek and Cypriot communities in NSW, Victoria and South Australia.
A new communications watchdog and an overhaul of media ownership rules are among the recommendations of the federal government's media convergence review.
GR Engineering's founding shareholders and key executives have sold $32.4 million worth of shares in the company, reducing their collective stake from 79.3 per cent to 67.3 per cent.
Consumer products retailer JB Hi-Fi has flagged its first fall in earnings despite adding new stores, as the retail slump catches up to the seller of low-priced audio visual products.
Gas pipeline owner Hastings Diversified Utilities Fund (HDF) has rejected a surprise takeover offer by APA Group but says it's still open to a higher bid.
Sandfire Resources has signed a sales agreement with the Yunnan Copper Corporation for the remaining direct shipping ore (DSO) to be produced from its DeGrussa copper-gold project in WA.
Uranium explorer Bannerman Resources has announced that it has received subscription commitments for an $8.2 million share placement, with funds going to complete its feasibility study on its Entan
Total mining employment in Western Australia has surpassed 100,000 people for the first time, indicative of the growth of the state’s resources sector.
Phylogica has completed a $2.15 million capital raising to fund its drug discovery infrastructure, invest in in-house programmes and support operational activities.
Iron Ore Holdings plans to buy back up to 10 per cent of its shares on market, saying the iron ore explorer's share price does not reflect the fair value of its assets.
Wolf Minerals will be in a position to break ground at its Hemerdon tungsten and tin mine in the UK next year after selecting Bardon Contracting to build a link road at the site.
