Andrew Hobbs

Fortescue in trading halt

Fortescue Metals Group has placed a trading halt on its shares, pending the release of an announcement, following reports FMG is expecting to finalise equity funding for its $2.5 billion Chichester Range iron ore project.

Futuris to buy Integrated

Adelaide-based Futuris Corporation Ltd this week announced its intention to compulsorily acquire West-Perth based company Integrated Tree Cropping Ltd, after attaining a relevant interest in 93 per cent of the company.

Euroz makes $16.8m post tax profit

Perth-based securities dealer Euroz Ltd has announced an unaudited post tax profit of $16.8 million, achieved through strong contributions from Euroz Securities Ltd, Westoz Funds Management Ltd and group investments.

Alkane to raise $5.2m, Cornelius steps down

Changes are afoot at Perth based gold and base metals miner and explorer Alkane Exploration Ltd, with the company planning to raise $5.2 million, and the appointment of John Dunlop as non-executive chairman.

Ironbark Gold seeks $3m for IPO

West Perth-based gold explorer and developer Ironbark Gold Ltd has launched its initial public offering, aiming to raise $3 million through the placement of 15m shares at 20c each.

Ottoman to raise $4.4m with rights issue

West Perth-based mining company Ottoman Energy Ltd has announced a placement of 29 million shares, allowing the company to further develop their offshore oil sites in the Philippines.

Futuris to acquire Integrated Tree Cropping with 93% shares

Adelaide-based Futuris Corporation Ltd today announced its intention to compulsorily acquire West-Perth based company Integrated Tree Cropping Ltd, after attaining a relevant interest in 93 per cent of the company.

APA shares up 10% on ASX debut

Investment portfolio services provider Australian Portfolio Administrators Financial Services Limited has closed at 55c in its first day of trade, up five cents from when it opened this morning.

AHG makes $69m Sydney acquisition

Western Australia's biggest automotive dealer, West Perth based Automotive Holdings Group Ltd will acquire NSW dealer McGrath Lander Group for $69 million, in a move that will lift group turnover by about 40 per cent.

Kimberley diamond hopes to sparkle in London

West Perth's Kimberley Diamond Company NL has lodged a pre-admission announcement for the sale of 330 million shares on the AIM market of the London Stock Exchange.

New chairman, big payout at ConsMin

West Perth-based Consolidated Minerals Ltd has announced the appointment of former BHP Minerals chief executive Dick Carter as its new chairman, and a $3.4 million payout to its departing managing director Michael Kiernan.

Wombat makes Waves with $3 million order

Burswood based technology company Wavenet Interntaional Ltd has announced that it has secured an order valued at approximately $3 million for its Wombat vehicle modems, three months after a disappointing order cancellation for almost half that amount.

Pure Energy announces $5m IPO

South Perth-based coal seam gas explorer Pure Energy Resources has launched its initial public offering, stating its ultimate goal is to become the first coal seam gas producer in Tasmania and a leader in the much larger Queensland industry.

No booty for Bounty in NZ court case

South Perth-based exploration company Bounty Oil and Gas NL has lost its two appeals to New Zealand's High Court against the revocation of an exploration permit in NZ's Great South Basin.

Consolidated extends offer period for Titan

Shareholders in resources explorer Titan Resources Ltd have been given more time to respond to a takeover offer by Consolidated Nickel Ltd, with the end of the offer period being extended to 5:00 pm WST on 31 July 2006.

No pearls before swine as Atlantic clams up

Fremantle-based pearl farming company Atlantic Ltd has requested its shares be suspended from quotation pending the release of an announcement regarding a proposed acquisition and the disposal of the company's pearling operations.

West Australian Metals finalises A1 deal

Perth-based resources and exploration company West Australian Metals Ltd today announced the finalisation of the sale of the group's Duketon Belt gold exploration properties in the Laverton and Leonora area to Osborne Park-based A1 Minerals Ltd.

Aspen Group in trading halt

Perth based property developer Aspen Group Ltd has announced a trading halt, pending an announcement from the company expected on Wednesday.

Cannes-do attitude for Perth Art Director

Perth art director Scott Hitchcock has had huge success at the prestigious Cannes Lions Festival for advertising, winning Gold and Bronze Lions for campaigns he worked on while art director at Oglivy & Mather, Singapore.

Albidon raises $13.4m for Zambian nickel project

Nedlands-based nickel company Albidon Ltd has raised $13.4 million from UK and Australian instititional investors to fund development of its Munali project in Zambia.