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Australian Mines makes $4m purchase

Australian Mines has exercised an option to purchase a cobalt project in New South Wales from Jervois Mining in a deal worth $4 million.

Poseidon raises $75m, backed by Forrest

Poseidon Nickel has announced a $74.6 million capital raising, backed by Andrew Forrest’s Squadron Resources, days after US group Black Mountain Metals pulled out of a $66 million takeover proposal.

Kingwest lists after $5m IPO

Shares in gold-focused Kingwest Resources began trading on the ASX today, after the company raised $5 million via an initial public offering.

Decmil plans $50m raising

Decmil Group has announced a capital raising for up to $50 million to allow the company to tender for larger infrastructure and defence contracts.

Santos pays $2.9bn for Quadrant

Santos is set to become the dominant supplier of gas in the Western Australian domestic market after striking a deal to buy privately-owned Quadrant Energy for $US2.15 billion ($A2.95 billion).

Canyon to raise $5m

Perth-based Canyon Resources has raised $5 million to fund exploration at the company’s Minim Martap bauxite project in Cameroon.

US bidder warns Poseidon

US group Black Mountain Metals has threatened to walk away from its proposed $66 million takeover bid for Poseidon Nickel after the local company disclosed it was pursuing a substantial capital raising.

Gascoyne to raise up to $24m

Gold miner Gascoyne Resources has announced a $19 million equity placement, along with a share purchase plan to raise up to $5 million.

Kangaroo approves PT Bayan bid

Directors of junior miner Kangaroo Resources has given a tick to a bid from Indonesian coal miner PT Bayan which values the company at $515 million.

Poseidon attracts $66m takeover

Privately-held US group Black Mountain Metals, which has recruited three experienced Perth mining executives to its leadership team, has flagged a takeover bid for Poseidon Nickel at six cents per share.

Cassini raises $4.2m

West Perth-based Cassini Resources has completed a $4.2 million share placement, with backing from the chairman of Chinese company Tinci Materials.

Sultan debuts after $4.8m IPO

Shares in Sultan Resources began trading on the ASX today, after the company raised $4.8 million via an initial public offering.

Mercer to acquire Santanol

Canada-based forest products company Mercer International has confirmed it will acquire privately owned Indian sandalwood producer Santanol for an unspecified sum.

Ausdrill in $272m Barminco buy, raises $250m

Ausdrill has announced its first major acquisition since the retirement of founder Ron Sayers last month, with the company set to purchase mining services contractor Barminco in a cash and scrip deal worth $271.5 million, while also announcing a $250 million capital raising.

Tempus set for ASX debut after $5m IPO

Copper-focused Tempus Resources is set to list on the ASX tomorrow, after the company raised $5 million via an initial public offering.

Capilano gets $190m takeover

Kerry Stokes looks set to accept a takeover offer for one of his agribusiness investments after private equity groups launched a friendly takeover bid for Australia's biggest honey producer, ASX-listed Capilano Honey.

Business group buys Perth Heat

Perth’s semi-professional baseball team, Perth Heat, has been purchased by a private consortium that is led by business executive Rory Vassallo and includes Eileen ‘Red’ Bond and broadcaster Christian Galapolous.

Risco ups Tap offer to $39m

Tap Oil major shareholder Risco Energy Investments has increased its takeover offer for the oil and gas company to $38.7 million on the back of BDO’s independent expert valuation.

ACCC backs Fero takeover

Kewdale-based manufacturer Fero Group appears set to be acquired by global outifit DYWIDAG-Systems International (DSI) Group, after the competition watchdog said it would not oppose the deal.

Altura calls off takeover talks

Altura Mining has decided not to pursue a takeover from its largest shareholder, after its corporate adviser Citigroup began investigating a potential transaction in April.

Velpic in $4m sale

Perth-based tech company Velpic has struck a deal to sell its primary business to Damstra Technology for about $3.8 million, weeks after most of its staff were made redundant.

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