Aztec Resources

Saracen expands board with new directors

Saracen Mineral Holdings has bolstered its board with the appointment of Samantha Tough and Geoffrey Clifford as non-executive directors, four months after launching a major cost-cutting drive on the

Finding value behind the millions

The mining and property booms have created unprecedented wealth in Western Australia. WA Business News looks at the individuals leading the charge.

Aztec announces new board

AZTEC Resources Ltd has announced the appointment of three non-executive directors, following the board’s recommended acceptance of the Mt Gibson takeover bid.

Newsmaker – Michael Arnett

AZTEC Resources Ltd has announced the appointment of Michael Arnett to the position of non-executive chairman, with immediate effect, following the progression of Mt Gibson’s takeover bid for the juni

Mt Gibson flags compulsory acquisition with 85% holding

Mount Gibson Iron Ltd has urged shareholders in Aztec Resources Ltd to take up its takeover offer, flagging a compulsory acquisition of the shares should its holding increase to 90 per cent.

Aztec appoints new chairman; additional directors

Aztec Resources Ltd has announced the appointment of a new chairman and additional directors as well as the stepping down of Ian Burston from his role as chairman.

Mt Gibson extends offer period for Aztec

West Perth-based Mount Gibson Iron Ltd has extended the offer period of its takeover bid for Aztec Resources Ltd to December 22, 2006.

Mt Gibson wins Aztec, cool on more takeovers

Mount Gibson Iron managing director Luke Tonkin, fresh from effectively completing the acquisition of Aztec Resources, has played down the immediate prospect of more takeovers in the junior iron ore sector.

Mt Gibson ups stake to 50.5%, Aztec urges no action

Mt Gibson Iron Ltd appears to have won its hostile bid for control of fellow iron ore junior Aztec Resources Ltd after announcing today it had lifted its stake to more than 50 per cent.

Usmanov buys into Aztec for $23.3m

A few days after acquiring 19.9 per cent of Mount Gibson Iron Ltd, Russian billionaire Alisher Usmanov has made a move to acquire 6.9 per cent of takeover target Aztec Resources Ltd, at a cost of $23.3 million.

Shanghai pushes Mt Gibson on Aztec takeover

Hong Kong investor Shanghai Merchants Holdings has declared Mt Gibson Iron's hostile takeover offer for Aztec Resources a failure at current levels and has called on the two companies to negotiate an acceptable merger agreement.

Mount Gibson extends Aztec offer date to November 10

Mount Gibson Iron Ltd has extended the closing date of its takeover offer for Aztec Resources Ltd to 5:00 pm WST on November 10, after announcing a five per cent increase of its share in the company.

Chinese take Aztec, Mt Gibson stakes as word war continues

Shares in squabbling iron ore companies Mt Gibson Iron Ltd and Aztec Resources Ltd jumped two per cent today on news of strategic stakes in both being taken by Hong Kong-based Shanghai Merchants Holdings Ltd.

Mt Gibson makes Aztec offer unconditional

West Perth-based Mount Gibson Iron Ltd has made its off-market takeover bid for Aztec Resources Ltd unconditional, saying it would shorten the time period for payment of the Offer consideration.

Aztec announces $100m debt finance, rejects Mt Gibson

Aztec Resources Ltd has again recommended the rejection of a takeover bid from Mount Gibson Iron Ltd, after securing credit approval for a $100 million finance facility to fund development of the Koolan Island Iron Ore project.

Aztec "staggers" Mt Gibson with Aus Royalties deal

Mt Gibson Iron Ltd has claimed an equity deal struck by target Aztec Resources Ltd today with Australian Royalties Corporation Pty Ltd could actually make its takeover easier because the agreement was below the bid price.

Aztec suspends share trade, negotiates with Aus Royalties

Aztec Resources Ltd requested its shares be suspended from trade today, ahead of confirmation that rights negotiations with Australian Royalties Corporation Pty Ltd were positive.

Mount Gibson extends Aztec offer date

Watchers of the Mount Gibson Iron Ltd bid for Aztec Resources Ltd will have a tense weekend, with the bigger firm announcing an extension of the closing date of offers made under the takeover bid to November 3.

Aztec reveals Koolan hurdle in Mt Gibson bid

A new complication in the long-running Mt Gibson Iron Ltd bid for Aztec Resources Ltd has emerged with the target revealing it is in senstive negotiations with another party which could result in a defeating condition in the takeover being triggered.

Takeovers Panel finds Mt Gibson bid acceptable

As it had previously indicated, the Takeovers Panel has declined an application from Aztec Resources Ltd to declare the takeover offer made by Mt Gibson Iron Ltd unacceptable.

Mt Gibson extends Aztec takeover offer

After the board of Aztec Resources Ltd told shareholders to reject it, West Perth-based Mount Gibson Iron Ltd has extended the period of its takeover offer for the company to October 6.

Aztec signs long-term sales contracts

It has been a hectic time of late for South Perth-based Aztec Resources Ltd, with the iron ore explorer signing sales contracts, revising its ore reserves and opposing a takeover bid.

Mt Gibson acquires 15% of Aztec after bid rejection

West Perth-based iron ore company Mount Gibson Iron Ltd has exercised an option to acquire approximately 15 per cent of issued capital in Aztec Resources Ltd.

Aztec recommends rejection of Mt Gibson takeover bid

Aztec Resources Ltd has recommended its shareholders reject a takeover offer from Mount Gibson Iron Ltd.

Aztec signs sales contract with Marubeni

South Perth-based Aztec Resources Limited has signed a long term contract for iron ore sales from its Koolan Island project with Japan's Marubeni Corporation.

Aztec signs sales contract with Chinese shareholder

South Perth-based iron ore company Aztec Resources Ltd has signed a sales contract with one of its shareholders, China-based CITIC Australia Commodity Trading Ltd.

Cool or Cosy wins major Aztec Koolan Island contract

Western Australian insulation company Cool or Cosy Ltd has announced that subsidiary Blue Ridge WA Pty Ltd has been awarded the contract to supply transportable buildings for Aztec Resources Limited at its Koolan Island project.

Aztec flags delay

UP and coming iron ore player Aztec Resources has flagged potential cost overruns and delays at its Koolan Island mine off the coast of Derby in north-west Western Australia.

Aztec Resources Ltd, 21-Feb-06,

An agreement in principle has been reached with the Dambimangari People’s negotiation committee who have agreed to the conduct of mining operations and infrastructure works and the grant of Mining Lea

Aztec reaches land agreement with traditional owners

Aztec Resources today announced an in principle agreement had been reached with the native title claimants to Koolan Island, the Dambimangari people.

40% acceptances for Aztec rights issue

Aspiring iron ore producer Aztec Resources Ltd has reported that applications had been received for more than 40 per cent of its $42.3 million rights issue.