Acquisition deals involving Perth companies Programmed Maintenance Services, ASG Group and DVG Automotive Group show a growing Japanese presence in the market.
An Indonesian consortium has announced its intention to make an off-market takeover bid for copper miner Finders Resources, with the all-cash deal valuing the target at about $177 million.
Lithium-focused Altura Mining has raised $26 million from investors as it prepares for a second-stage development of its flagship project in the Pilbara.
Energy giants Chevron Australia and Woodside Petroleum have jointly acquired three exploration tenements offshore Western Australia from the government for an undisclosed sum.
Lithium explorer Argosy Minerals has announced a $17 million capital raising that will replace a previously announced $26 million investment in the business by a Chinese offtake partner.
Automotive Holdings Group has further grown its presence on the east coast with the acquisition of five franchised car dealerships in NSW for $8.5 million plus stock and assets.
Junior miner Tanami Gold has entered into an agreement for the sale of its Western Tanami gold project in the Northern Territory to Northern Star Resources for $4 million in cash.
Local company Tungsten Mining has kicked off a $13.5 million capital raising as it progresses development of its Mt Mulgine tungsten project in the Murchison region.
Canada's Kirkland Lake Gold, which is a major backer of TSX-listed Novo Resources Corporation - the company at the centre of a mini gold rush in the Pilbara - has thrown its weight behind Perth-based explorer De Grey Mining, which is one of several local explorers active in the same area.
BC Iron has entered into an agreement to buy iron ore tenements in the west Pilbara owned by Clive Palmer’s Mineralogy, for $9 million in cash plus royalty payments.
Pilbara Minerals has secured an offtake and $28 million equity deal with Chinese car maker Great Wall, effectively replacing a previous financial commitment from one of the aspiring miner’s other offtake partners.
Gold explorer Okapi Resources has enjoyed fruitful gains on its first day as a listed company, which came nine months after its directors attempted to float the business as Huntsman Resources.
Perth software company Moodle, which has quietly grown to have more than 100 million registered users around the world, has accepted its first outside investment after rejecting multiple approaches from venture capital funds.
Northbridge-based Matsa Resources has signed an agreement to acquire Saracen Mineral Holdings’ Red October gold mine near Laverton for about $2 million in cash and shares.
Copper-focused Tiger Resources has secured a $US18.2 million ($A22.9 million) facility agreement with two of its existing lenders, to fund ongoing work it its Kipoi operation in Africa whilst it pursues recapitalisation plans.
Six local resources companies have announced capital raisings of around $26 million for projects including in lithium and rare earths, with one of the businesses, Okapi Resources, planning to join the ASX bourse.
