Perth-based oil explorer Oilex has announced it has secured a $13.5 million three year equity financing facility with UK-based Darwin Strategic, for drilling at its Cambay onshore oil joint venture project in Gujarat, India.
Indian company Essar Mineral Resources has withdrawn its $144 million takeover bid for South Perth-based Rocklands Richfield, leaving Jindal Steel and Power's offer as the only one on the table.
Leederville-based iron ore company Cape Lambert Iron Ore Ltd has moved to hose down speculation of an agreement with Indian steel giant Essar Group, saying the company remained in negotiations with other parties.
