Waste management company Transpacific Industries Ltd has agreed to acquire a 15 per cent shareholding in metals recycling company CMA Corporation Ltd, which has extensve Western Australian operations, for around $25 million.
Iron ore developers Gindalbie Resources Ltd and Sundance Resources Ltd confirmed today they would not be proceeding with their planned $2.4 billion merger after shareholders and institutions rejected the concept.
Takeover target Consolidated Minerals Ltd has asked the Australian Securities and Investments Commission to help it uncover the ultimate beneficial owner of 17.7 per cent of its shares, registed in the name of ANZ Nominees Ltd.
Gindalbie and Sundance tipped to drop share swap merger; BHP might switch hundreds of more jobs to Perth; ConsMin on trail of mystery investor; pre-election rate-rise imminent; Chaney calls for teachers pay rise.
Takeover target Consolidated Minerals Ltd has asked the Australian Securities and Investments Commission to help it uncover the ultimate beneficial owner of 17.7 per cent of its shares, registered in the name of ANZ Nominees Ltd.
NSW-based McWilliam's Wines Pty Ltd has emerged as the successful bidder for collapsed Margaret River winery Evans & Tate following a seven week tender process sparking interest from operators including Foster's Group Ltd and De Bortoli Wines Pty Ltd.
South Perth-based gold and nickel explorer Mindax Ltd has announced plans to raise $2.4 million through a non-renounceable entitlements issue to fund planned exploration programs on its uranium, gold, copper and iron ore projects in Western Australia.
West Perth-based Westralia Property Trust Ltd has announced a distribution to unitholders of 9.7 cents per unit for the 2006-07 financial year, as it prepares for a strategic shift into the rural sector.
Nedlands-based Dioro Exploration NL has announced the terms of its planned capital raising, with plans to distribute 31.2 million subscription receiprt to investors at a price of C$1.60 each, to raise up to C$50 million, the company has announced.
Shares in Burswood-based gold and nickel explorer Tectonic Resources NL have risen 16 per cent after raising around $3 million through scrip issues to Melbourne-based Lion Selection Ltd and West Perth-based Jabiru Metals Ltd.
West Perth-based Halcyon Group Ltd has awarded the nickel extraction scoping study contract for its Canegrass nickel project in the Eastern Goldfields to Perth-based engineering company BatteryLimits Pty Ltd, the company has announced.
International Passenger numbers at Perth Airport were up 22 per cent in the first quarter of the 2007-08 financial year, a jump widely attributed to a strong state economy and increased seat capacity on new airlines.
ARC Energy Ltd has negotiated deals to buy oil producer Anzon Australia Ltd and its UK parent company Anzon Energy Ltd, creating a merged group with a market value of about $1.1 billion.
Takeover target Midwest Corporation Ltd has claimed that its suitor, fellow iron ore miner Murchison Metals Ltd, has failed to provide sufficient infomation in the bidders statement, as it urged shareholdfers to take no action on Murchison's offer.
Herdsman-based Olympia Resources Ltd has signed a joint venture agreement with Island Minerals Pty Ltd to carry out exploration on the private company's zircon and gold tenements.
Perth-based Centre for Association Management Pty Ltd is preparing to expand its services for the not-for-profit sector by undertaking a $2.5 million initial public offer.
Three years after commissioning its $85 million manufactured lumber plant, the Dennis Cullity-chaired Wesbeam Holdings Ltd has scraped into the black with a small profit for the year to June 2007.
Electricity retailer Synergy has emerged as the only one of the four disaggregated electricity corporations to exceed budget forecasts, reporting earnings before interest and tax of $64.9 million for the 2006-07 financial year.
With the Australian dollar pushing through its previous ceiling against the US dollar in recent days, exporters are facing lower profit margins and analysts are speculating on the possibility of parity between the two currencies.
