Singaporean engineering firm MTQ now holds a 12 per cent stake in Neptune Marine, after the struggling shipbuilder and engineering firm announced it had reached the minimum subscription level in its $80.6 million capital raising.
Ian Trahar has confirmed he will not increase his takeover offer for window coverings manufacturer Kresta Holdings, even though independent analysis of the bid last week found it neither fair nor reasonable.
Westgold Resources has announced it seeks to snap up the remaining shares it does not already own in Aragon Resources, to create a mid-tier mining house with potential annual gold production of 200,000 ounces.
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.