Rey Resources has reached agreement to sell its Duchess Paradise coal project in the Canning Basin to its Hong Kong-based major shareholder for $21 million.
Scotland-based energy technology company Proserv has acquired specialist subsea engineering business Velocious, which was established in Perth seven years ago.
A UK-based business has swooped on Cool Clear Water Group, buying the Perth-based water purification and dispensing system distributor for $60 million.
Troy Resources has extended its $188 million takeover offer for Azimuth Resources by two weeks, after failing to secure enough acceptances from existing shareholders to close the bid.
Rialto Energy is seeking to raise up to $21 million to fund exploration and development work at its oil and gas acreage off the coast of Cote d’Ivoire.
Fast-growing Geraldton business Bhagwan Marine has expanded its service offering and geographical presence through the acquisition of a Northern Territory marine services business.
Three directors of takeover target Firestone Energy have resigned, leading to the withdrawal of a shareholder meeting requisition by bidder Waterberg Coal Company.
Iron Road has shrugged off uncertainty in the iron ore sector, going ahead with plans to raise $50.7 million to complete a feasibility study at its Central Eyre iron ore development in South Australia
As the slowdown in mining and exploration starts to bite across mining and related industries, company executives are faced with a choice of tightening their belts or letting them out.
