Property developer Finbar Group has announced plans to raise $45.6 million via a placement and share purchase plan to step up development activity on its Karratha project and continue to bolster its Perth project pipeline.
Gold Road Resources has completed a $9 million share placement to professional and sophisticated investors, which will be used to fund exploration and evaluation of its Yamarna project east of Laverton.
Rio Tinto has bolstered its links with China, with the announcements today of an extension of its Pilbara joint venture with SinoSteel and an Asia-based minerals exploration joint venture with Chinalco.
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.
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.
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.