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Elemental talks could lead to $190m bid

Shares in Elemental Minerals leapt on the ASX today after the company received a non-binding takeover offer from a Hong Kong investment group.

Peet looks east with $76m takeover bid

Perth-based property group Peet says it will break new ground with a $76 million all-cash takeover offer for eastern states-based residential development group CIC Australia.

Verve, Synergy merger to proceed despite strong opposition

Industry groups have strongly criticised today’s shock announcement that the state government is planning to merge energy utilities Verve and Synergy.

Swala Energy appoints Walbrook as advisor

Perth-based oil and gas explorer Swala Energy has appointed Walbrook Investor Relations as its advisor as it prepares to list on the Australian Securities Exchange.

Perth pipe maker acquires Qld's PPI

Perth-based pipes and fitting manufacturer David Moss Group has announced the acquisition of Queensland-headquartered irrigation and draining products supplier PPI Corporation.

Southern Cross Goldfields, Polymetals to merge

Southern Cross Goldfields will merge with Polymetals Mining, creating a gold miner with a market capitalisation of around $30 million.

Gresham says mining services ripe for M&A

Investment bank Gresham believes conditions are right for significant corporate finance activity in mining services as companies in the sector look at growth and diversification strategies.

Taylor Woodings bought out by FTI Consulting

Global business advisory group FTI Consulting, best known in Perth for its public relations division, has acquired insolvency practictioner and corporate advisory firm Taylor Woodings.

Sundance issues Hanlong ultimatum

Sundance Resources has given Hanlong Mining until Monday to stump up a $5 million payment due under the companies' stalled takeover agreement.

Korab pushes back NT asset sale

Korab Resources has granted an extension to Estonian group Augur Investments for the completion of the sale of the Winchester magnetite deposit in the Northern Territory.

Minemakers gets new major shareholder in Vulcan

USA-based investment house Vulcan Phosphates has emerged as Minemakers’ major shareholder, after investing more than $2.5 million in the Perth-based explorer.

Prairie Downs launches $6m placement

Prairie Downs Metals plans to raise $6 million through a share placement to accelerate exploration and development at its portfolio of projects, including the Lublin coal project in Poland.

Northern secures funds to start drilling

Northern Minerals has signed up for a $4 million loan which will allow it to begin a major drilling program at its Northern Territory heavy rare earths project next month.

Outback Ecology bought by global firm

International consulting, engineering and construction services contractor MWH Global plans to acquire Perth-based environmental consultancy Outback Ecology.

Troy Resources makes $188m offer for Azimuth

Gold miner Troy Resources has made an all-scrip off-market takeover bid for Azimuth Resources, valuing the target at $188 million.

Frontier spinoff Torque withdraws IPO

Torque Mining has pulled its initial public offering off the table after it failed to meet the minimum subscription threshold of $3 million.

Aleator lines up $US20 million in debt finance

Aleator Energy has secured a $US20 million loan to fund exploration at its Povorotnoye gas and condensate development in the Ukraine.

Crusader lines up funds for Brazilian mines

Crusader Resources has secured a $20 million debt finance facility with Macquarie Bank which will fund the development of its Brazilian projects - the Borborema gold project and Posse iron ore develop

Norfolk Group higher on takeover update

Shares in takeover target Norfolk Group were up strongly today after bad news on a contract termination was outweighed by the disclosure that its takeover price could be nearly twice the 38 cents per

Sundance takeover almost dead

Hanlong's troublesome 20 month-long takeover of Sundance Resources looks to be almost dead, after the Chinese suitor disclosed it would not meet a key funding deadline for the $1.3 billion deal .

Hannans Reward raises $2.8m for Swedish exploration

Gold junior Hannans Reward has raised $2.8 million to fund exploration at its Pahtohavare copper-gold project in northern Sweden.

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