Deals

Russian-owned Nordgold has made a new offer to buy Cardinal Resources, trumping a competing bid from Chinese company Shandong Gold by around $26 million.

WA-based chemo@home and aged care services provider Silver Chain are creating a joint venture to ensure more patients can access chemotherapy treatments at home.

High-performance computing company DUG Technology and Norwegian energy giant Equinor have signed a multi-year deal covering seismic processing and imaging technology.

Online energy retailer Click Energy will be snapped up by power giant AGL Energy under a $115 million buy-out agreed with the target's owner amaysim.

Subiaco-based Mali Lithium is set to become a gold producer after announcing it will buy out Barrick Gold and AngloGold Ashanti’s stake in a West African mine.

A company part-owned by the Chinese government has been blocked from controlling popular Australian brands like Pura, Dairy Farmers and Dare flavoured milk.

Subiaco-based explorer Titan Minerals has agreed to sell its non-core assets in Peru for $US6.4 million ($A8.9 million) to focus on developing its gold and copper projects in Ecuador.

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Mining services company Emeco Holdings has sought $149 million from investors to pay down its debt, as well as extend its revolving credit facility.

Shandong Gold has received federal government approval to proceed with its takeover of Perth-based Cardinal Resources, despite increasing sensitivity around Chinese foreign investment.

Fenix Resources is on track with development of its low-cost, high-grade iron ore project in Western Australia, after receiving commitments to raise $15 million.

Automotive marketplace Grays Online has acquired fellow Perth-based merchant Gregsons Auctioneers & Valuers.

Lynas Corporation is raising $425 million to build its proposed rare earths processing facility in Kalgoorlie, while also disclosing an annual loss of $19.3 million.

Gold explorer Horizon Minerals is using $16 million raised from a share placement to fund its largest ever drilling program across its Western Australian portfolio.

Gascoyne Resources has secured a $125 million funding package to facilitate the recapitalisation plan put forward by its administrators.

Australian Potash has secured the majority of revenue forecast for its Lake Wells potash project in Western Australia after signing its fourth fertiliser offtake deal.

Bellevue Gold has received extra funding to progress its namesake project in Western Australia after its recent share purchase plan closed oversubscribed, raising $35 million.

Regis Resources has boosted its gold portfolio in Western Australia after securing tenements from fellow Perth-based explorer Stone Resources Australia.

Mineral Resources will pay $60.5 million for its new headquarters at Walters Drive, Herdsman.

Mineral sands company Sheffield Resources has agreed to sell a 50 per cent-stake in its flagship Thunderbird project to an entity based in Hong Kong.

Kingwest Resources has agreed to sell two small assets outside its Menzies gold project in Western Australia for $2.1 million.

Gold explorer Pantoro will use $50 million raised from a share placement to accelerate exploration activity at the company’s Norseman joint venture project in the Eastern Goldfields.

The Carramar Village shopping centre in Perth’s northern suburbs has been sold for $33.5 million; a move CBRE says represents the largest Perth shopping centre sale for 2020.

Birchmead Property Group has purchased 16 hectares of industrial land in Rockingham from DevelopmentWA for $22 million.

Perth-based explorers Ausgold and Great Western Exploration have sought funds to progress their gold projects in Western Australia.

Caprice Resources is adding gold to its portfolio of projects after announcing plans to buy private company Goldview Metals, which owns the high-grade Island project in Western Australia.

Zenith Minerals has shifted its focus to gold and copper after announcing the sale of its rare earths business and project in Wyoming.

Strandline Resources has made further progress on its mineral sands project in Western Australia, having launched an $18.5 million capital raise to begin early construction works.

Perth start-up Altum International has secured agreements for a $3 million capital raising to support the expansion of its cannabinoid business.

Aspiring producer Salt Lake Potash has secured new backing from the Clean Energy Finance Corporation, as part of a broader $301 million financing package.

Carnavale Resources is adding gold to its portfolio of projects after securing the option to buy a stake in tenements owned by a private Western Australian company.

Perth-based Tietto Minerals is seeking up to $62.5 million from a placement and share purchase plan to progress its Abujar gold project in Cote d’Ivoire.