Medical dermatology company Botanix Pharmaceuticals has raised $15 million through a strongly supported share placement, with the proceeds set to be spent on developing its lead product for acne.
Ardiden Limited (ASX: ADV) is pleased to announce that it has completed the successful acquisition of 100% of the early stage Bold Property Colbalt-Copper Project in Ontario, Canada with a final pa
Downer EDI has flagged a goodwill impairment charge of $77 million on its mining operations after failing to renew two material contracts and delays in securing alternative business.
Wesfarmers is overhauling the leadership at its underperforming UK hardware business after the struggling unit was responsible for the majority of $1.3 billion in first-half writedowns and impairments.
Australian shares have slid sharply in early trade after the US stocks markets' worst day in nearly two years weighed on investors' minds, while the Aussie dollar has also slipped back below the 80 US cents level.
The Australian dollar is back under 80 US cents as the downward movement in the US dollar seems to have stopped and weaker metals prices offered no help.
Gold prices have declined as the US dollar ticked up against the euro after US jobs data showed a robust rise in jobs and wages and 10-year US Treasury yields peaked.
Oil prices have fallen as the dollar has surged following strong US jobs numbers, though compliance with output cuts by OPEC and rising global demand kept much of the early year oil rally in place.
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The state government has opened up the Pilbara electricity market to greater competition after privately-owned Alinta Energy applied last year to gain access to state-owned Horizon Power’s network.
New Rugby Australia chief executive Raelene Castle has left the door ajar for the Western Force to return to the fold in 2021, but the Indo Pacific Rugby Championship remains in limbo.
The state government has selected investment bank Investec as its commercial adviser on land registry agency Landgate, adding to speculation it is a likely privatisation target.
The Australian share market has made solid gains after a surge in energy stocks and improvements for the big banks turned around a mixed overnight lead out of the US.
Aspiring graphite miner Hexagon Resources has signed a non-binding offtake agreement with a Chinese building company for 30 per cent of the company’s planned production at its McIntosh project in the Kimberley.
North Fremantle-based Mustera Property Group has announced the launch of a new fund, with its first purchase being a $16.5 million shopping centre in Perth’s southern suburbs.
West Perth-based CBH Group has recorded a grain harvest of 13.2 million tonnes for the 2017-18 season, well above initial estimates following good finishing rains.
Rare earths developer Northern Minerals has lifted the limit on its share purchase plan to $15 million on the back of strong demand from existing shareholders.
Uranium miner Paladin Energy has confirmed the approval of its recapitalisation deal, which will leave existing shareholders with a 2 per cent stake in the company, and appointed Daniel Harris and David Riekie to the board.
Australian shares have opened lower following a mixed lead from Wall Street's key indices and despite a generally strong performance across the commodities market.
Three building companies with strong indigenous links have been appointed to a panel that will handle at least $25 million of state government housing work in the Pilbara and Kimberley regions.
Peninsula Energy has signed an agreement to sell a portion of its interests in an existing long-term uranium sale and purchase deal for $US19 million ($23.7 million).
Copper and gold explorer Stavely Minerals has raised $8.3 million via a share placement and share purchase plan, with the company completing drilling programs at a number of tenements on the east coast.
Aspiring mineral sands miner Sheffield Resources has signed an offtake agreement with a Chinese processor for nearly 20 per cent of the planned zircon production at its Thunderbird project near Derby.
Mining services company Ausdrill has received a letter of intent for a three-year contract worth $180 million with Mineral Resources at its Wodgina lithium mine in the Pilbara.
Belmont-based Pindan has been awarded a $23.4 million contract at Cape Naturaliste College, south of Busselton, while FIRM Constructions has won a $2.5 million government contract.
