Local players in the corporate finance market faced more competition than ever before from big national and international firms, WA Business News' 2011 survey has found.
Perth-based nickel miner Albidon Ltd could be in play as a takeover target after its major shareholder revealed plans to sell its blocking stake worth some $37 million.
PERTH-based explorer Beadell Resources Ltd is about to step into producer status after negotiating a deal with resource investment firm Lion Selection Ltd to acquire the remaining 30 per cent interest in the Cracow gold mine for $80 million.
West Perth-based nickel company Rusina Mining NL has acquired Philippines-based Zambales Chromite Mining Company Inc for around $2.4 million, adding to the resources around its Acoje nickel mine.
Andrew Forrest's Fortescue Metals Group is expected to finish its internal financing plans this week so US bank Citigroup can start the much-awaited funding campaign for the company's $2.5 billion iron ore project in the Pilbara.
