Baosteel and Aurizon look set to gain control of Aquila Resources after the iron ore hopeful rejected a takeover proposal from Mineral Resources, and instead recommended its shareholders accept the current $3.40 per share offer.
South African retailer Woolworths has moved closer to seizing control of David Jones after its shareholders approved a $2.2 billion takeover of the department store chain.
Gold prices have closed lower, as US inflation data and its possible effect on the Federal Reserve's decision making overshadowed investors' desire for safety amid crises in Iraq and Ukraine.
Global oil prices have been mixed, a day ahead of US data expected to show a rise in crude inventories, while traders kept watch on the escalating Iraq crisis.
Wall Street stocks finished higher as investors weighed continued violence in Iraq with mixed US economic data and looked ahead to a Federal Reserve policy statement on Wednesday.
Implimenting efficiencies and greater operational flexibility have been two different, but equally successful, strategies used by engineering companies to secure major contracts in Western Australia.
The federal government’s plan to axe the mining and carbon taxes may dominate the mainstream headlines in terms of resources sector policy, but it’s a lesser-known incentive that has the industry on tenterhooks.
Buru Energy’s planned ‘tight gas’ testing program in the remote Canning Basin will not require formal environmental assessment after minister Albert Jacob upheld the Environmental Protection Author
Nedlands-based explorer Bullabulling Gold has advised its shareholders to reject Norton Gold Fields’ increased takeover offer of 8 cents per share to obtain a 30 per cent interest in the company.
Perth landlords won’t be able to lift residential rents for the foreseeable future, as vacancies in the housing market continue to steadily rise, new research says.
Perth exploration company Bauxite Resources has announced a return of about $9.3 million to shareholders, which has jumped the company’s share price by 12 per cent.
Blackham Resources has received commitments for $2.2 million through a placement of 10.5 million shares at 21 cents to sophisticated and professional investors.
SAE Institute Group, a subsidiary of Perth-based education services provider Navitas, has entered into an agreement to acquire 100 per cent of California-based creative media school Ex’pression College for US$13 million.
Engineering and construction company Georgiou Group’s growth to a company turning over more than $460 million per annum has prompted it to invest in technology to support its activity.
The state government’s vision of Elizabeth Quay as a hospitality precinct is taking shape, with the Metropolitan Redevelopment Authority seeking operators for three food and beverage outlets.
US stocks have finished a choppy day of trade slightly higher as investors weighed the Iraq crisis and merger news ahead of a US Federal Reserve policy decision.
US oil has traded with little change at nine-month peaks, while Brent rose modestly as investors watched the unfolding sectarian conflict in Iraq for signs it could disrupt oil supplies.
Legal action launched by three metropolitan area councils against Local Government Minister Tony Simpson is a ‘disappointing, last-ditch attempt’ to derail the merger process, the Property Council
