Sphere Investments admits problems with investment deal; ANZ cancels West Coast Eagles sponsorship; ABB grain facin $10m losses; Gunns will push ahead with Tasmanian pulp mill; Federal Govt has its hospitail funding share by 10 per cent.
Perth-based Small-Medium Enterprises investor Greencap Ltd will fully acquire Western Australian flora and fauna management company Validus Group Pty Ltd to bolster its environmental consultancy, ENV Australia Pty Ltd, the company has announced.
West Perth-based Sphere Investments Ltd has joined fellow iron ore developer Cape Lambert Iron Ore Ltd in hitting a potential funding crisis, after disclosing that one of its partners was reviewing its planned participation in a $415 million funding deal.
Guilford-based Swick Mining Services Ltd has announced a share placement to raise $28 million to expand its underground diamond drilling division, in conjunction with a partial sell-down by the Swick family of $40 million worth of shares.
Belmont-based gold and base metals explorer Great Australian Resources Ltd has completed an agreement with Perth-based metals explorer View Resources Ltd for the latter's purchase of a tenement within the Corboys gold project area.
Perth-based metals explorer View Resources Ltd plans to raise $10 million through a rights issue, the company announced today, as well as securing a new debt facility under plans to move its Bronzewing gold project into positive cash flows by December.
South Perth-based mining explorer Extract Resources Ltd and Burswood-based Tectonic Resources NL have agreed to sell their interests in the Burnakura gold project joint venture to Canadian company ATW Venture Corp, the companies have announced.
Nedlands-based Hawk Resources Ltd will acquire 80 per cent of the Callie Soak tungsten prospect, currently owned by Richmond Resources Pty Ltd, for $60,000 in cash and scrip, the company has announced.
West Perth-based explorer Silver Swan Group Ltd has earned a 51 per cent stake in the Cocata copper-gold project after meeting the exploration expenditure committments set out under its joint venture with Sydney-based Intermet Resources Ltd.
West Perth-based Monitor Energy Ltd has raised $500,000 in a placement to advance exploration of the company's oil and uranium projects in the Kyrgyz Republic and to supplement working capital, the company has announced.
West Perth-based uranium explorer U308 Ltd has signed a joint venture agreement with Canada-based uranium producer Cameco for a joint venture project over eight tenements in the Ashburton region of Western Australia.
Perth-based CityView Corporation Ltd has acquired the right to purchase 100 per cent of Petro Energy Africa Ltd, a move that would give it operational control of the North Matanda oil project in Cameroon.
Monarch Gold Mining Company is fast tracking the development of its high grade Kalgoorlie gold projects and ramping up production at its Davyhurst mill over the next four months, the company announced today.
China is Western Australia’s most important export partner, generating $13.8 billion for the state’s economy in 2006-07 and overtaking Japan as WA’s biggest export market, according to figures from the Department of Industry and Resources.