15/05/2008 - 06:28

Today's Business Headlines

15/05/2008 - 06:28

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Gwalia pursues Portman for royalty; NAB won't rule out rival bid; Resources boom for 20 years; BHP market value surges past $250bn on Chinese whispers; Chemicals tycoon snaps up Repcol stake


Gwalia pursues Portman for royalty
Iron ore producer Portman Mining faces a Supreme Court probe of its Mount Jackson mining operation as the administrators of failed miner Sons of Gwalia fight to get a 2 per cent production loyalty from the US cntrolled group. The West

NAB won't rule out rival bid
National Australia Bank will run the numbers on a St George Bank takeover, as a representative of a key investor group raised concerns yesterday about the target's rapid acceptance of Westpac's $19 billion, all-scrip takeover bid. The Australian

Resources boom for 20 years
A senior West Australian business leader has forecast the state's outstanding growth could continue for 20 years. The Fin Review

BHP market value surges past $250bn on Chinese whispers
BHP market value soared pas $250 billion yesterday and shares in its takeover target Rio tinto also hit a new record high on expectations the Chinese Government would buy a stake in the world's biggest mining company. The West

Chemicals tycoon snaps up Repcol stake
Perth chemicals tycoon Gordon Martin has emerged as a substantial shareholder of struggling debt collector Repcol, sparking suggestions he may want to use to company to backdoor list his oil play, Coogee Resources. The West

 

THE WEST AUSTRALIAN

Business: Iron ore producer Portman Mining faces a Supreme Court probe of its Mount Jackson mining operation as the administrators of failed miner Sons of Gwalia fight to get a 2 per cent production loyalty from the US cntrolled group.

BHP market value soared pas $250 billion yesterday and shares in its takeover target Rio tinto also hit a new record high on expectations the Chinese Government would buy a stake in the world's biggest mining company.

Perth chemicals tycoon Gordon Martin has emerged as a substantial shareholder of struggling debt collector Repcol, sparking suggestions he may want to use to company to backdoor list his oil play, Coogee Resources.

Wesfarmers shares jumped to an 11-week high yesterday on the back of a bullish analyst report, one week out from completion of the group's $2.6 billion rights issue.


 

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