Edited announcement

Wood Group wins Prelude systems deal

International energy and services company Wood Group PSN has won a $10 million contract to construct computerised maintenance management systems for Royal Dutch Shell's Prelude floating liquefied natural gas facility.

Cape Lambert, MCC dispute sent to arbitration

A dispute between Cape Lambert Resources and the Metallurgical Corporation of China over an $80 million payment stemming from the 2008 sale of a magnetite project near Karratha has been referred to arbitration in Singapore.

Navigator confirms LionGold as suitor

Navigator Resources has confirmed its mystery takeover bidder as Singapore's LionGold Corporation. The embattled goldminer announced last week that its board was considering a non-binding proposal from a publicly-listed entity, but declined to name the company.

AusGold seeking $9m to advance exploration

Gold miner AusGold has announced a plan to raise $9 million to continue exploration and resource development at its Katanning gold project.

Carlson Wagonlit extends government travel deal

The state government has reappointed Carlson Wagonlit Travel to manage WA politicians' travel arrangements for the next three years. Carlson Wagonlit has been managing the state government's travel affairs since 2003.

Forge expecting big jump in profits

Engineering and construction company Forge Group is expecting a jump in earnings, releasing a forecast today for a full-year profit of around $70 million, up nearly 25 per cent on the previous year. Forge said its revenue for the year ending June 30 would come in at $770 million.

Oilex to raise $7m for Indian project

Oilex has launched a $7.09 million capital raising plan to fund drilling at its Cambay oil and liquids project in Gujarat in India. The company announced a 2-for-5 entitlement offer today, priced at 7 cents per share, to raise the $7.09 million.

Azimuth raises $6m for Guyana gold

Azimuth Resources has raised $6 million to continue exploration works at its gold projects in Guyana. The Perth-based miner announced a placement to institutional investors today, priced at 35 cents per share, lead managed by Blackswan Equities.

Navigator receives mystery takeover bid

Embattled gold miner Navigator Resources says it has received a non-binding takeover proposal from an unnamed publicly-listed entity.

Cockburn comes up trumps in environment awards

The City of Cockburn has been rated the state's most sustainable local government area.

Roy Green to investigate Browse appeals

Former CSIRO chief executive Roy Green has been appointed by the state government to investigate more than 200 appeals received regarding the environmental watchdog's recommendation to approve the Woodside-led Browse liquefied natural gas precinct in the Kimberley

Finbar takes $300m Port Hedland development

The state government has selected Finbar as the preferred company to develop a $300 million apartment complex overlooking Port Hedland's Spoilbank Marina.

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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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