Gold company Evolution Mining has finalised its purchase of La Mancha Resources' Australian assets and secured $100 million in financial firepower to continue its growth opportunities.
Nedlands-based Proteomics International Laboratories has made a solid debut on the ASX today, closing 2.5 cents above its issue price at 22.5 cents per share, with about 1.13 million shares changing hands.
La Mancha Resources has signed an agreement to acquire up to 70 per cent of Perth-based explorer Intermin Resources’ Binduli gold project near Kalgoorlie.
Social Ventures Australia has launched its first state-based venture philanthropy fund, with the new fund designed to invest in a portfolio of high-impact not-for-profit ventures in Western Australia.
Stratum Metals has become the sixth Western Australian company to cancel a backdoor listing deal in the past year, with the Nedlands-based business reviewing its future options, including plans for the East Menzies gold project, after walking away from a planned reverse takeover of a US technology venture.
Henderson-based construction services company Civmec plans to purchase a 21-hectare waterfront site in Indonesia from engineering group Technip, as it seeks to lower its cost base by building up its overseas operations.
Nedlands-based gold explorer Promesa has announced plans to shift its focus to technology by acquiring social media platform and app developer Thredit.
Woodside Petroleum has closed its $US854 million ($A1.1 billion) purchase of Apache Corporation’s interests in the Kitimat LNG project in Canada, a week after finalising the WA component of the sale.
A new supply deal struck this week by Western Australia’s largest buyer of domestic gas, Alcoa of Australia, has confirmed the availability of gas for customers prepared to pay the going price.
Oil and gas company Zeta Petroleum has launched a proposal to acquire full ownership of Sydney-based Pan Pacific Petroleum by buying all the shares it doesn’t already own in the company, in a deal worth $29.4 million.
Window blinds manufacturer and retailer Kresta Holdings has backed out of its proposed $10 million acquisition of Queensland-based Franklyn Blinds Awnings Security.
Pioneer Credit has taken a 14.1 per cent stake in Kalgoorlie-based financial institution Goldfields Money for $2.3 million as the two companies make plans for a joint working relationship.
Perth-based gold miner Minera Gold has raised $US1.55 million ($A2 million) from existing shareholders and a new investor, while also announcing a number of board changes that includes the retirement of both its chairman and chief executive.
Metals X has issued a stern warning to Tanami Gold claiming it would be financially unwise to accept Northern Star Resources' bid for the Central Tanami gold project over its own proposal.
Macquarie Capital and Brookfield Asset Management have agreed to buy Apache Corporation's Australian oil and gas operations for $US2.1 billion ($A2.7 billion), with the deal underpinned by a long-term gas sale agreement with Alcoa.
Shares in gold explorer Rubianna Resources skyrocketed on news it plans to exit the resources industry by acquiring a young cloud-based retail finance business.
The takeover negotiations facing mining equipment supplier Emeco Holdings got more complex today after it received a merger proposal from Queensland-based competitor Orionstone, which has also pushed for Emeco to scrap its planned purchase of truck rental company Rentco.
