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VEEM prospectus reveals slip in profit

Engineering business VEEM is forecasting strong growth in revenue in the current financial year but a fall in profit, the family owned company has disclosed in the prospectus for its $25 million initial public offering.

Crusader in $10m raising for gold projects

Perth-based Crusader Resources has announced a $10 million capital raising to fund ongoing work at its Juruena gold project in Brazil.

Resolute raises $150m for Ravenswood

Gold miner Resolute Mining has tapped investors for $150 million to fund the restart of operations at its Ravenswood mine in Queensland.

Vimy in $22m funding injection

Resource Capital Funds is set to emerge with a near 30 per cent stake in Vimy Resources when the uranium company completes a $22 million capital boost to fund ongoing work at its Mulga Rock project in the eastern Goldfields.

ACCC clears Vocus, NextGen deal

The competition watchdog says it won't oppose Vocus Communications' proposed acquisition of Nextgen Networks, plus two development projects, for up to $861 million.

Bombora to farm-in to Perth Basin

Local petroleum executive John Begg is planning to list his recently formed private company, Bombora Natural Energy, after striking a deal to farm-in to UIL Energy's Perth Basin tenement.

New merger plans for Emeco

Perth-based Emeco Holdings has gone into a trading halt ahead of announcing fresh merger plans, with Queensland-based Orionstone and Victoria-based Andy's Earthmovers earmarked as the other players.

Tecside buys Melbourne business

Local recruitment agency Tecside Group has made its second acquisition for the year, announcing the purchase of Melbourne-based labour hire business In-Fusion for an undisclosed sum.

NRW raises funds to pay debt

Perth-based contractor NRW Holdings has rattled the tin for $20 million to reduce its debt levels and place the company in a better position to pursue future opportunities.

Peel, Cauldron raise funds

Local explorers Cauldron Energy and Peel Mining have raised a combined $5.5 million from investors to fund ongoing work at their respective projects.

Wellard boss sells big stake to Chinese firm

Wellard chief executive Mauro Balzarini has sold a big chunk of his stake in the local agribusiness to a Chinese firm and repaid the company $16.3 million through his private investment vehicle.

Thai firm bids for ailing miner Kingsgate

A Thai petroleum millionaire has launched a low-ball offer for ailing Australian gold miner Kingsgate Consolidated as its future teeters on the brink.

Analysis: Newspaper merger can’t hide the decline

Today's news that the Australian Competition and Consumer Commission will allow Seven West Media to merge The West Australian with News Corporation's The Sunday Times newspaper should come as no surprise - consumers have been losing interest in both for some time.

HotCopper off to solid start

Shares in HotCopper Holdings got off to a bright start today after the investor chat forum listed on the ASX, with the stock closing up at 26.5 cents.

Eden Energy to raise $15m

Eden Energy today announced plans to raise a further $15 million to support the commercial roll-out of its innovative concrete additive product, having tapped investors for $10.3 million in May this year. 

Seven West approved for Sunday Times buy

Seven West Media can push ahead with its acquisition of News Corp's The Sunday Times and perthnow.com.au after the competition watchdog declared it won't hurt competition for consumers or advertisers.

GE, Rio strike rail deal

Rio Tinto has signed a five-year maintenance services and support agreement for its locomotive network in the Pilbara with global company GE.

Explaurum, Black Rock boost coffers

Mineral exploration companies Explaurum and Black Rock Mining have completed capital raisings totalling $10.5 million to advance their gold and graphite projects respectively.

Quantify, WHL in backdoor listing deal

Perth entrepreneur Mark Lapins is aiming to defy waning investor interest in tech startups, announcing plans for a backdoor listing that values his 'internet of things' firm, Quantify Technology, at $22 million.

JB Hi-Fi buys The Good Guys for $870m

JB Hi-Fi has struck a deal to buy whitegoods retailer The Good Guys for $870 million.

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