Rio extends iron ore deal with Sinosteel

Rio Tinto has again extended its joint venture agreement with Chinese state-owned steel company Sinosteel to sell its Pilbara iron ore.

$14m placement for Kalium

Kalium Lakes will raise $14.2 million in an oversubscribed share placement with plans to complete a bankable feasibility study and start early site preparation works at its Beyondie sulphate of potash project in the Pilbara.

$10m capital raising for Greenland

Greenland Minerals is set to raise $10.25 million through a share placement with the funds to be spent on technical optimisation and completion of permitting for its Kvanefjeld rare earths project.

Birimian in $12m placement

Lithium hopeful Birimian will tap investors for $12 million in a capital raising to fund the development of its Goulamina project in Mali.

AHG in $400m logistics sale

Automotive Holdings Group has sold its underperforming refrigerated logistics business to Chinese conglomerate HNA Group for an enterprise value of $400 million.

Quantify in $5m raising

Perth company Quantify Technology Holdings has received firm commitments for a $5 million capital raising that will support increased development of the company’s technology.

$21m share placement for Gascoyne

Gascoyne Resources has raised $21 million through a heavily oversubscribed share placement to fund further exploration and development at two of its Western Australian gold projects.

Fastbrick in $35m placement

Fastbrick Robotics has raised $35 million through a share placement as the Perth-based technology company continues to develop its commercial prototype Hadrian X bricklaying robots.

Battery in strongly supported $20m raising

Battery Minerals has announced a $20 million capital raising, primarily through a strongly supported share placement, ensuring the company can progress at its graphite projects in Mozambique.

Cool reaction to $93m Altona acquisition

Perth-based Altona Mining has negotiated a scrip-based takeover deal that will see the aspiring copper miner bought by Canada's Copper Mountain Mining but its shares remain well short of the 17 cents valuation of the takeover scheme.

Sodexo expands in slow market

Sodexo’s acquisition of Morris Corporation has pushed it up the ranking of big facilities management companies in Western Australia at a time when its competitors have been battling with the slowdown in large projects in the Pilbara.

Tabcorp-Tatts merger back on track for now

The $11 billion merger of gaming giants Tabcorp and Tatts Group is back on track for now, after the Australian Competition Tribunal gave the deal a green light for a second time.

Halom takes MMA to panel

Halom Investments has asked the Takeovers Panel to revise MMA Offshore’s planned $97 million capital raising, claiming the deal is designed to entrench the control held by the incumbent board.

Merredin refinances $44m, considers solar move

A local power generator majority owned by Rod Jones’s Hoperidge Capital has refinanced its bank debt through a $44 million bond issue which the company believes will give it more flexibility, including the potential to pursue a 100-megawatt solar farm.

Zeta to increase stake in GME

Peter Sullivan-led Zeta Resources is set to increase its position in Perth-based nickel company GME Resources to nearly 50 per cent following the acquisition of investment firm Axelrock for $50.1 million.

SCEE $32m placement to facilitate growth

Southern Cross Electrical Engineering will raise $32 million through a share placement to provide working capital as the company’s order book continues to expand.

Takeover talk sends Santos shares soaring

Shares in energy giant Santos have soared to a 15-month high after the company confirmed it recently rejected a takeover offer from a major US investor worth almost $9.5 billion.

MMA proceeds with major capital raising

Struggling marine services company MMA Offshore will raise nearly $100 million to repay debts and repair its balance sheet, despite opposition from major shareholder Halom Investments.

AWE raises $38m for WA gas project

Sydney-based gas producer AWE will raise $38 million via a share placement to fund the next stage of the Waitsia gas field project in the Perth Basin.

Holiday Planet sold to UK cruise company

Perth-based travel company Holiday Planet has been sold to UK firm Image Cruising, which is majority owned by international travel giant Emirates Group.