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Today's Business Headlines

Swan's $65bn megabank test; NRW in legal tussle over ore truck tyres; Burrup price trimmed as float plan back on track; Rate rises spur slide in housing loans; Oxiana bid for Zinifex a fair deal, says expert

Overland source $10m for drilling

Overland Resources Limited has entered into subscription agreements with institutional, sophisticated and industry investors to raise $10 million through the issue of 20 million new shares at $0.50 per share, with the issue subject to shareholder approval

Today's Business Headlines

Chinese circling Fortescue; Confession season intensifies as earnings growth slows; Coventry at 30-year low as investors wait; Bad debts threaten banks' double-digit profit growth; Globetrotter thrives on making virtue of family

Navitas subsidiary in pilot project

Applecross-based global education services group Navitas Ltd has announced a joint venture between its part-owned student recruitment business, EduGlobal China Ltd, and online higher education company, Open Universities Australia (OUA).

Minara appoints Peter Coates

Perth based nickel producer, Minara Resources, has appointed current chair of nickel group Xstrata Australia, Peter Coates, as its new chairman.

AusQuest raises $2m through Hamersley Holdings

Rio Tinto subsidiary Hamersley Holdings has increased its interest in AusQuest to 6.9 per cent following the exercise of five million options at 40 cents per share.

Hall of Fame asks industry to dig deep

The Australian Prospectors & Miners Hall of Fame Foundation is appealing to the mining community to help it raise $10 million.

Resurgent sector faces challenges

As the state's winemakers emerge from a tough few years, the industry has a different look to it.

The Lighter Note: So much for the jetset life

HERE at the Note we often imagine what it’s like to be a fly on the wall when the big deals are brokered. Alas, the detail is often left out in the announcements we peruse.

Biofuels players hit by rising agricultural commodity prices

Hit by the high cost of feedstocks, biofuels players Mission Biofuels Ltd and Australian Renewable Fuels Ltd are both seeking to adapt their strategies as rising agricultural product prices disrupt their business models.

$21m training centre opened in Henderson

A new $21 million oil and gas training facility has been opened in Henderson by the Federal and State Governments.

Acquisitive Aurium claims success with $15.3m Jarra bid

Rivervale-based Aurium Resources Ltd has acquired its second company for this year, following the takeover of Northern Territory-based Jarra Resources Ltd for up to $15.3 million.

Sally Malay to purchase Cowan Nickel Project in $2m deal

Nickel miner Sally Malay Mining Ltd is to purchase Liontown Resources Ltd's Cowan Nickel Project assets in the easter Goldfields in a deal worth about $2 million.

Shougang to take major stake in Prosperity

Chinese steel company Shougang Corporation has agreed to invest up to 19.9 per cent in Perth-based Prosperity Resources Ltd via a share placement.

Chinese company to invest in FerrAus

Pilbara iron ore explorer FerrAus Ltd has become the latest resource company to attract the interest of China, with mining and smelting company Western Mining Co Ltd to take a 10 per cent stake.

Focus aquires Coolgardie gold project

Western Australian exploration company Focus Minerals Ltd has acquired a further 50 per cent interest in the Coolgardie Gold Project.

Mincor capitalise on new drilling technique

West Perth based Nickel miner Mincor Resources NL has intersected Nickel near its Otter Juan nickel mine in Kambalda, Western Australia.

Castle Minerals hit gold at Akoko

Western Australian gold exploration company Castle Minerals Ltd, has intersected shallow gold mineralisation at its Akoko North site in Ghana.

Beacon Minerals encouraged by Barlee results

West Perth based mineral exploration company Beacon Minerals Ltd has announced positive results from its Barlee Gold Project in Western Australia, saying it will provide confidence for further regional exploration.

Condor IPO to seek $8m

A Spin-off company from Perth-based explorer Carrick Gold Ltd is aiming to list on the stock market late next month, after raising up to $8 million in its initial public offering.

Perth nickel play up in takeover spotlight

Consolidation in the Australian nickel sector looks far from over, following recent speculation and events surrounding Perth-based Albidon Ltd.

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