Matt Mckenzie

Amani Gold has signed a memorandum of understanding with a little-known Chinese investment group to raise $25 million via a share issue to fund drilling at the Giro Gold project in the Congo.

Shares in sandalwood supplier Quintis were down 44 per cent today after the company admitted it had lost a contract supplying Nestle five months ago, the second issue relating to a contract this year.

Three contractors have won work for Altura Mining’s planned $140 million Pilgangoora lithium mine, as the company continues work to secure debt financing for the project.

Perth motorsport enthusiasts may soon have the opportunity to venture to Malaysia to watch V8 supercar racing, as the country seeks new opportunities after hosting what will be its final Formula One grand prix at Sepang later this year.

The aquaculture and fisheries industries are both attracting investor interest as businesses float significant growth plans.

Resources hopeful Talisman Mining has secured a $23 million debt financing agreement to fund the Monty copper and gold project which is to be built in a joint venture with Sandfire Resources.

Henderson-based shipbuilder Austal will open an Adelaide office for shipbuilding design and project management as it seeks to win a $3 billion federal government contract to build 12 new offshore patrol vessels.

South Australian charter airline Rossair Charter Services is making a push into Western Australia, as it refines operations following the recent acquisition of Perth-based Ad Astral Aviation.

SPECIAL REPORT: West Perth-based junior Metalicity is developing a plan to take the Admiral Bay zinc deposit in the Canning Basin to production, two years after the project was bought from the collapsed Kagara Mining.