David Gibson

AIM listing awaits Tethyan

It's business as usual at takeover target Tethyan Copper Ltd, which today announced its intention to list its shares on London's Alternative Investment Market.

Strike Oil makes $4m placement

Perth-based Strike Oil Ltd has raised nearly $4 million in a private placement to shore up gas reserves at a tenement off the Gulf Coast of the United States.

Resolute in $77m Ravenswood gold expansion

Resolute Mining Ltd has given the green light for a $77 million expansion of its Ravenswood project in Queensland, as it seeks to capture some of the 25-year-high gold price.

Tethyan doubles massive Reko Diq resource

Local takeover target Tethyan Copper has doubled the resource estimate at its Pakistani Reko Diq copper-gold joint venture project at a time of record copper prices.

Cliff Head oil project hit by $25m cost blowout

The Cliff Head oil field development off Dongara has suffered a $25 million cost blowout amid increased rates for materials and services in the sector, project operator Roc Oil Ltd has revealed.

Western Areas to build $25m nickel plant

Emerging nickel producer Western Areas NL has announced a decision to build a 250,000 tonne a year nickel sulphide plant to cost up to $25 million.

Wavenet buoyed by $3m modem order

Shares in Perth-based wireless telecommunications company Wavenet International Ltd have risen on news that it has received more orders for its vehicular modem device from US-based GeoLogic Solutions worth $3 million.

AIFRS has half-year forecasts looking cloudy

Changes to accounting standards at Australian companies are being manifested in increased earnings volatility, with several local stocks expecting to post half-year results at odds with earlier forecasts.

Stokes pays high price for National Hire

Seven Network chairman Kerry Stokes has paid a hefty premium over the market price for shares owned by Perth businessman Neven Botica in National Hire Group because of a 'shortfall indemnity agreement' signed in 2004.

Calibre wins BHPB Indonesian coal study

Fast-growing engineering consultancy Calibre Projects has won a contract to conduct a feasibility study for BHP Billiton's $465 million Maruwai coal mine project in Indonesia.

Samson in $50m US oil and gas play

Perth-based petroleum player Samson Oil and Gas NL has taken the first step towards buying into United States assets for $50.4 million.

Boom blinds on exploration

The state's recently passed Mining Amendment Bill may aim to provide greater incentive for mineral exploration, but concerns remain that the current production boom is blinding decision makers to the decline in exploration spending.

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Corporate Finance

Corporate Finance

ECM driven by Business News' corporate finance database includes private equity relationships

Mergers and Aquisitions

Mergers & Acquisitions

Who are the leading hands in the West Australian M&A marketplace

Exporters

LabelValue
Rio Tinto$26.13bn
BHP Billiton Iron Ore$20.48bn
North West Shelf Venture$14.92bn
Gold Corporation$6.82bn
Fortescue Metals Group$6.68bn
Others$22.08bn
FMG
CF 2011
CF Q3 FY12

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