Indian infrastructure group Lanco Infratech has emerged as the winning bidder for the Collie coal business of Ric Stowe's failed Griffin coal and power empire.
Sandfire Resources has completed the retail component of its $103 million equity raising announced in November, with a total of $37 million raised from participating and eligible retail shareholders.
After months of speculation Qantas has confirmed it has taken over regional airline Network Aviation to move into the fly-in-fly-out air charter market in a deal believed to be valued at more than $30 million.
Property developer Finbar Group has announced plans to raise $45.6 million via a placement and share purchase plan to step up development activity on its Karratha project and continue to bolster its Perth project pipeline.
Gold Road Resources has completed a $9 million share placement to professional and sophisticated investors, which will be used to fund exploration and evaluation of its Yamarna project east of Laverton.
Rio Tinto has bolstered its links with China, with the announcements today of an extension of its Pilbara joint venture with SinoSteel and an Asia-based minerals exploration joint venture with Chinalco.
The Chinese majority owner of Moly Mines, Hanlong Mining Investment, has received Chinese government approval for a $US466 million loan to complete financing for the Spinifex Ridge molybdenum-copper project in the Pilbara.
Equinox Minerals has declared its $1.25 billion takeover offer for Citadel Resource Group free of all defeating conditions if it receives an interest in Citadel shares of more than 50 per cent by December 16.
Breakaway Resources has announced plans to raise $3.5 million via a share purchase plan to underpin new drilling and exploration programs at its flagship nickel sulphide projects in WA and copper projects in Queensland.
South Korea's GS Engineering and Construction says it has won a $2.96 billion order to build Perdaman Chemicals and Fertilisers Collie urea fertiliser plant.
Shareholders in Empire Beer could soon find themselves the owners of car park technology company Meter Eye after Empire announced plans to acquire the New Zealand-based company for an undisclosed amount.
Hong Kong listed Wah Nam International has launched a conditional off market takeover offer for emerging iron ore producers Brockman Resources and FerrAus valued at about $1.2 billion.
A Chinese consortium trying to win support for a deal with iron ore developer Sphere Minerals claims that a majority of Sphere shareholders will reject an alternative takeover proposal from Xstrata.
