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Rinehart buys more cattle stations

Gina Rinehart's family company, Hancock Prospecting, has announced the purchase of two cattle stations in northern Australia, continuing the investment in agriculture by magnates such as Andrew For

TFS cuts debt costs

Indian sandalwood producer TFS Corporation has refinanced $US200 million of debt through a note issue overnight in the US, while also raising extra funds for working capital.

Paladin to raise $275m from project sales

Debt-laden uranium miner Paladin Energy has struck agreements to sell an interest in two of its projects, with total proceeds expected to be $US205 million ($A275 million).

RESIMAC to take over Homeloans

An investment group led by Sydney-based Duncan Saville is set to gain control of Homeloans, after the Perth-founded mortgage lender struck a takeover deal with competitor RESIMAC.

BidEnergy, Syntonic start trading

Shareholders in one-time mining companies Cove Resources and Pacific Ore have enjoyed solid gains after the two companies resumed trading on the ASX as tech plays, with one chaired by former Alinta

Tech firm to buy mining project

Listed companies IM Medical and Rox Resources have struck a $15 million project deal that highlights the shift in market interest from technology stocks to the mining sector.

Emerald, Renaissance to merge

Two local gold hopefuls with interests in a Cambodian project have announced a merger, with Emerald Resources to buy Renaissance Minerals in a deal valued at about $40 million.

Silver Lake sells Great Southern

Silver Lake Resources has sold its Great Southern gold project to ACH Minerals for $5 million in cash.

Peet in $37m Qld development

Peet will develop a 1,100-lot residential estate in Queensland after forming a joint venture with a Thai real estate developer.

NBN Co hands out contracts

NBN Company has awarded contracts to six companies to deliver the national broadband network to homes and businesses in the Telstra hybrid-fibre coaxial network.

Kin rejects merger offer

Aspiring gold miner KIN Mining says it has rejected a proposal from Victoria-based MHM Metals to merge the two companies.

Woodside in $460m Senegal deal

Woodside Petroleum has agreed to buy ConocoPhillips' stake in three deepwater oil blocks off the coast of Senegal for $US350 million ($A460 million).

Migme needs funds to stay afloat

Digital media company migme has been forced to extend its suspension on the ASX to complete a planned capital raising, which it said would be essential for the business to remain viable.

Panoramic, Metals X outline divestment opportunities

Panoramic Resources has today confirmed plans for a spin-out of its Gum Creek gold project into a new ASX-listed company, while Metals X is considering the possible sale of its Rover gold project.

Geopacific secures $18m farm-in deal

Perth-based explorer Geopacific Resources has entered into an agreement to farm-in to Kula Gold's Woodlark Island gold project in Papua New Guinea, in a deal worth up to $18.6 million.

GWR backs out of Excelsior funding deal

Local resources company GWR Group has backed out of plans to provide about $1.6 million to Excelsior Gold through a share placement.

Cardinal raises more funds for Namdini

Gold hopeful Cardinal Resources has rattled the tin for $21.7 million to fund ongoing work at its Namdini project in Ghana.

Carbon acquisition fuels growth

Carbon Business Group has announced the purchase of Pursuit Group, adding to a number of acquisitions in the past year worth more than $2 million combined.

Hot Chili, Orinoco raise funds

Local explorers Hot Chili and Orinoco Gold have raised a combined $9 million from investors to fund ongoing work at their respective projects.

Bass buys graphite mine, raises funds

Local explorer Bass Metals has restructured its management team after acquiring a graphite mine in Madagascar and kicking off a $5.5 million capital raising.

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