Deals

Westgold Resources has declared its intentions to make a $177 million scrip bid for gold junior Musgrave Minerals, with both companies occupying land in the busy Murchison gold province.

The 40-hectare property, purchased for $2.8 million, has the potential to be a large-scale industrial site.

Oil and gas explorer Invictus Energy is set to raise $12.75 million to fund drilling activities at its project in Zimbabwe.

Austal says it is regularly involved in discussions with potential suitors in response to reports several US investment funds had approached the Henderson-based shipbuilder.

The cost of fixing up the failed Ellendale diamond mine in the Kimberley has risen to $70 million after the state government awarded a major contract for rehabilitation earthworks.

St Barbara’s board has told shareholders there is no material improvement in Silver Lake Resources’ latest proposal to buy Gwalia and can’t see a realistic pathway that it could become superior.

Mandala Asset Solutions has made its debut in the WA property market after purchasing two regional accommodation properties for $17.5 million.

Silver Lake Resources has made another move to buy St Barbara’s Gwalia operations, although the companies seemingly differ on whether it constitutes a new proposal.

The property mogul and the restaurateur have bought the P&O Hotel for $5.3 million, as part of their expansion into Fremantle’s west end.

Greatland Gold will partner with Rio Tinto to broaden exploration efforts close to its Havieron flagship while locking in support for a $220 million debt commitment ahead of studies at the project.

Green ammonia producers Kinara Power and Blue Diamond have progressed lease negotiations for land in the Oakajee Strategic Industrial Area in the Mid West.

Multinational human services provider APM has won a $720 million contract to provide its services in the UK but declared its earnings growth was expected to take a hit.

Bellevue Gold has inked a deal to refine its gold with independent ABC Refinery alongside an agreement with Zenith Energy to build a hybrid power station at its namesake project.

Grain handler CBH Group bought the asset, with plans to provide accommodation for its staff.

St Barbara chair Kerry Gleeson has lambasted Silver Lake for demanding what she has called ‘a disruptive and unrealistic two-week due diligence exercise’.

Battery minerals explorer Galan Lithium has raised $31.5 million through an institutional placement to advance its projects in the south-west and Argentina.

Junior developer Widgie Nickel has tapped investors for $12 million to fund exploration and development expenditure for its Mt Edwards project near Kambalda.

The board of takeover target St Barbara is now deliberating another offer from Silver Lake Resources after Genesis Minerals sweetened its transaction proposal last week.

Mineral exploration company Encounter Resources has tapped investors for $10 million to advance exploration activities at its West Australian and Northern Territory projects.

The Takeovers Panel has declared that circumstances involving two entitlement offers at media firm The Market Herald were unacceptable.

Swedish multinational Epiroc has bolstered its ranking as one of WA’s largest mining services companies, after coming to the rescue of local manufacturer Schramm and saving 80 jobs in the process.

Monadelphous is set to buy Melbourne-based mechanical and electrical services business BMC for about $22 million in a bid to expand its eastern seaboard presence.

Joint venture partners Strike Energy and Talon Energy have struck another deal for their Walyering development with oil and gas giant Santos.

Critical minerals developer Australian Strategic Materials has reached a partnership deal with rare earth magnet manufacturer Noveon Magnetics.

Genesis Minerals has improved its proposal to buy St Barbara’s Leonora assets as the takeover target squashes talks with Silver Lake Resources.

Newcrest Mining has entered into a binding all-scrip takeover agreement with US-based Newmont Corporation, concluding months of dealmaking between the gold producers.

Chalice Mining will top up its coffers by $70 million courtesy of a private placement to institutional investors.

Junior miner Trek Metals has reached a deal with Rio Tinto for exploration activities at its nickel and copper project in the Pilbara.

Takeover target Newcrest Mining has pushed back the exclusivity period for global mining giant Newmont Corporation’s $32 billion offer until next week.

Silver Lake Resources has lobbed a revised proposal to merge with St Barbara saying it ‘stands ready’ to progress due diligence and move to a binding offer.

Lithium chemicals companies Allkem and Livent have locked in an all-stock merger to create a new global player worth $A15.7 billion.

Low-level radioactive waste stored at Tellus Holdings’ Sandy Ridge facility in the Goldfields will be processed to develop medical treatments under a new deal.