Tayler Neale

Melbourne-based Crocmedia, which is merging with a listed company backed by Perth investment group Viburnum Funds, has been announced as the radio partner of Optus Stadium for the next five years.

Indonesian group Eastern Field Developments has extended the offer period for its hostile 23-cents-a-share bid for Finders Resources, while also raising a number of concerns with the copper miner’s supplementary target statement.

James Cullen has emerged as the major shareholder at new listing Babylon Pump & Power, which is led by Michael Shelby, formerly general manager at Mr Cullen’s former company Resource Equipment.

Rising cost of energy bites hard

Local engineering and construction group Valmec has announced it will purchase Henderson-based specialist pipeline testing company APTS, which was recently put into receivership.

Western Australian indigenous business Carey Training has been awarded a $2.5 million training contract with the Malaysian Institute of Technology Academy based in Kuala Lumpur for the next three years.

The state government has today approved Sinosteel Midwest Corporation’s iron ore expansion project east of Geraldton, while simultaneously rejecting Mineral Resource’s planned iron ore mines in the Helena-Aurora Range, after the environmental watchdog had recommended both should be blocked.

MMA Offshore chairman Andrew Edwards has defended the timing of the company’s recent $97 million capital raising at its annual meeting today, saying the oil and gas firm needed a solution to its debt problems.

Volt Power Group has announced it will purchase a stake in two Western Australian mining services businesses for more than $6 million, while also raising $4.75 million through a share placement.