Equinox ups ante in Citadel takeover

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.

Chinese approve Moly Mines loan

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.

Gull Petroleum sold to Ausfuel

The state's largest independent fuel company, Gull Petroleum, has been acquired by Archer Capital-backed Ausfuel for an undisclosed sum.

Breakaway plans $3.5m SPP

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.

AHG confirms acquisition discussions

Automotive Holdings Group has confirmed media reports that it is in discussions with other motoring firms about possible transactions.

Korean firm wins $2.9bn Collie contract

South Korea's GS Engineering and Construction says it has won a $2.96 billion order to build Perdaman Chemicals and Fertilisers Collie urea fertiliser plant.

Sphere execs resign on Xstrata takeover

Sphere Minerals has changed its board after a takeover offer by Xstrata became unconditional.

Empire Beer to acquire Meter Eye

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.

Wah Nam bid $1.2b for junior miners

Hong Kong listed Wah Nam International has launched a conditional off market takeover offer for emerging iron ore producers Brockman Resources and FerrAus valued at about $1.2 billion.

US Navy contract changes ok: Austal

Shares in Austal closed up more than 15 per cent, after the shipbuilder agreed to changes to its US Navy contract to build 10 coastal warships.

Xstrata's Sphere bid will fail: Sin-Tang

A Chinese consortium trying to win support for a deal with iron ore developer Sphere Minerals claims that a majority of Sphere shareholders will reject an alternative takeover proposal from Xstrata.

Bass Metals completes $3.55m raising

West Perth-based Bass Metals has announced it has raised $3.55 million through a placement to European institutional investors.

Kingsgate makes $376m bid for Dominion

Gold miner Kingsgate Consolidated has launched a friendly $376 million takeover bid for West Perth-based Dominion Mining.

Quickstep, Vector sign licence agreement

Quickstep has signed an agreement to allow US-based Vector Resources to use the company's patented Quickstep Process for advanced composites manufacturing.

Perilya bids $186m for Canadian miner

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.

QSR acquires CHOOKS franchise

Owner of fast food chain CHOOKS Fresh & Tasty, Steven Hansen, has sold the Perth-born franchise to Red Rooster and Chicken Treat’s parent company Quick Service Restaurant Holdings.The 40 CHOOKS st

Latin Resources completes $6m IPO

Latin Resources has closed a $6 million initial public offering and hopes to list on the Australian Securities Exchange tomorrow.

Cleveland closes $6m capital raising

Gold company Cleveland Mining Company, formerly Western Kingfish, has closed an over-subscribed, $6 million capital raising.

Monsanto takes stake in InterGrain

US company Monsanto, best known for developing genetically engineered seed, has taken a 20 per cent minority interest in WA-based cereal breeding company InterGrain.

Cape Lambert acquires Qld copper project

Cape Lambert Resources has completed a $7.7 million acquisition of the Leichhardt Copper Project in Queensland from Matrix Metals.

Apex completes $5m capital raising

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.