Bonaparte Diamond Mines

Chevron has announced a second cost increase and further delays to its giant Gorgon gas project, with the budget now set at $US54 billion.

Minemakers says it will move to compulsorily acquire the remaining shares it does not own in Bonaparte Diamond Mines after reaching a 94.32 per cent shareholding through its all-scrip takeover offer.

Minemakers has sweetened its takeover bid for Bonaparte Diamond Mines as it secures a 64 per cent stake in the target.

Phosphate hopeful Minemakers has gained control of takeover target Bonaparte Diamond Mines, which is still assessing another offer made by Union Resources.

Diversified mineral explorer Minemakers has inched closer to taking control of marine phosphate mining hopeful Bonaparte Diamonds Mines.

Union Resources says it has secured a $4 million underwriting deal for a proposed rights issue with funds to support its takeover bid for Bonaparte Diamond Mines.

Shares in Bonaparte Diamonds have risen as a second suitor, Queensland company Union Resources, enters the takeover battle.

West Perth-based Bonaparte Diamond Mines has recommended shareholders accept Minemakers all-scrip takeover offer after an independent expert deemed the offer fair and reasonable.

West Perth-based Bonaparte Diamonds has terminated a Namibian diamond joint venture in a bid to focus on phosphate opportunities.