Emerging Goldfields explorer NTM Gold Limited (ASX: NTM) (“NTM” or “the Company”) is pleased to announce it has raised $1.5 million in a heavily oversubscribed placement of new shares.
Long-running homebuilding brand Collier Homes will continue to operate in Western Australia, after the business was sold to local entrepreneur Dario Amara.
Subiaco-based Mission NewEnergy has sold its Kuantan Port biodiesel refinery for $24 million to a newly formed joint venture company in which it will retain a 20 per cent stake.
Shares in Osborne Park-based Mission NewEnergy were higher after it struck an offtake and equity deal with US company Valero Energy Corporation that could generate more than $US3.5 billion for the company.
Perth-based Mission NewEnergy Ltd has produced first bio-ethanol from non food agricultural waste material, which sets up the company to produce the fuel from a range of low-cost and readily available feedstock.
A change of name for biodiesel player Missions Biofuels Ltd has signalled a new milestone for the company as it looks to broaden its scope beyond purely biodiesel production.