Genesis Minerals shares have risen sharply on the back of a revised deal to acquire St Barbara’s Leonora assets without taking on the miner’s Canadian and Papua New Guinea operations.
Genesis Minerals is understood to have locked in a new deal to buy St Barbara’s Leonora assets for $600 million while removing risks tied to its earlier merger plan.
Mineral Resources has taken up a substantial stake in ASX-listed Essential Metals, a lithium explorer currently in the crosshairs of Tianqi Lithium and IGO.
Shares in St Barbara and Genesis Minerals will remain in a trading halt until after the weekend as the companies negotiate new terms for their planned deal.
Canadian engineering giant WSP Global will more than double the size of its WA operation to 1,300 people after agreeing to buy most of Calibre Group’s business.
Mincor Resources has told investors to accept a $760 million cash offer on the table from Andrew Forrest’s Wyloo Metals in the absence of a superior proposal.
Perth-based explorer Meteoric Resources has appointed a new chairman and received commitments to raise $25 million to advance its rare earth elements project in Brazil.
Genesis Minerals has been forced to resume negotiations with St Barbara as the asset at the heart of their planned merger battles a litany of costs and production problems.
Andrew Forrest’s Wyloo Metals has capped its offer on the table for Mincor Resources claiming it was unaware of product discrepancies between the target and major customer BHP.
Perth developer Hesperia is making progress with its East Perth plans after acquiring a site previously earmarked by Pindan for a $100 million apartment project.
Ravensthorpe miner First Quantum Minerals has inked a deal under which it will invest up to $651 million for a majority stake in a copper project in Peru with Rio Tinto.
South Africa’s Murray & Roberts is poised to regain control of Perth-based RUC Cementation Mining Contractors while selling its majority stake in another local firm, Insig Technologies.
Four Western Australian startups have between them received 13 per cent of the federal government’s latest $19.7 million round of commercialisation grants.
Agtech startup Agora Livestock has banked more than $1.1 million to fund commercialisation of its trading platform, after winning a major federal government acceleration grant.
Shares in lithium project developer Liontown Resources have jumped nearly 70 per cent after it disclosed US company Albemarle Corporation had submitted three takeover proposals.
A house in Peppermint Grove has set the benchmark for 2023 residential sales, with almost $11.4 million paid for the former residence of a major mining leader.
WA-based disability employment provider Workpower has agreed to take over Activ Foundation's large-scale worksites, securing employment for 600 people with disability.
Purpose Ventures, a new fund to invest in Western Australian startups, has raised at least $37 million, including a $10 million foundation investment from a major local entrepreneur.
Two Perth engineering executives have purchased a Centrelink building in Victoria Park for $8.75 million, the first sale for the property since its construction 30 years ago.
Hastings Technology Metals has secured a letter of support for up to $100 million in government funding to develop its proposed Yangibana rare earths project.
Andrew Forrest's Wyloo Metals has lobbed a $760 million cash takeover for restarting nickel player Mincor Resources, using the target’s ailing share price in a bid to sway investors.
Mark Zeptner-led goldminer Ramelius Resources is continuing an acquisitive streak by launching a friendly scrip takeover for Eastern Goldfields explorer Breaker Resources.
