Fraser Beattie

The federal government has signed a $2 billion contract with a group of defence contractors that will ensure maintenance of ANZAC class frigates continues at Henderson for the next eight years.

Local explorer Capricorn Metals has raised $12.6 million from investors to fund development work on its recently acquired Karlawinda gold project near Newman.

A joint venture between Perth contractor NRW Holdings and Italian company Salini Impregilo has officially been awarded a $1.17 billion contract for the Forrestfield-Airport Rail Link project, which has an overall budget of nearly $2 billion.

Local broker Hartleys has managed a $3.5 million capital raising undertaken by a Melbourne-based company exploring for rubies in Mozambique.

Balcatta-based PS Structures has won a $28.5 million contract for expansion work at Churchlands Senior High School, which is suffering from capacity constraints.

Perth-based Braziron has announced plans to delist from the ASX and leave the resources industry through the reverse takeover of a private road safety barriers business in a deal worth $6.3 million.

Gold Road Resources has announced the second-largest capital raising by a Western Australian company for the year, which it will use to fund ongoing work at its Gruyere gold project near Laverton.

Perth-based Alkane Resources has announced plans to raise up to $16 million from investors to progress its Dubbo zirconia project in New South Wales.

Metals X looks set to succeed in its long-running battle for control of Aditya Birla Minerals, with the takeover target recommending shareholders accept an increased offer that values the company at about $103 million.