Equinox Minerals has declared its $1.25 billion takeover offer for Citadel Resource Group free of all defeating conditions if it receives an interest in Citadel shares of more than 50 per cent by December 16.
The Chinese majority owner of Moly Mines, Hanlong Mining Investment, has received Chinese government approval for a $US466 million loan to complete financing for the Spinifex Ridge molybdenum-copper project in the Pilbara.
Breakaway Resources has announced plans to raise $3.5 million via a share purchase plan to underpin new drilling and exploration programs at its flagship nickel sulphide projects in WA and copper projects in Queensland.
Shareholders in Empire Beer could soon find themselves the owners of car park technology company Meter Eye after Empire announced plans to acquire the New Zealand-based company for an undisclosed amount.
Chinese-controlled Perth miner Perilya has unveiled a friendly $186 million takeover of Canadian copper miner GlobeStar Mining Corporation that will see the base metals producer spread its wings to the Caribbean and Canada.
Apex Minerals has successfully completed a $5 million capital raising through a share placement to institutional and sophisticated investors to fund operational improvements at its Wiluna gold project.