Kagara Mining’s distressed asset firesale has hit a speed bump, with the purchaser of the collapsed base metals miner’s remaining Queensland mines missing a deadline to pay $6 million worth of deposit
Forge Resources has picked up $8.5 million by selling a part of its stake in the Balla Balla magnetite iron ore project in the Pilbara to its joint venture partner, New Zealand’s Todd Corporation.
Hannans Reward and Avalon Minerals are embroiled in a dispute over $2 million Hannans says it is owed as consideration for the sale of the Discovery Zone copper-iron prospect in northern Sweden.
Rey Resources has reached agreement to sell its Duchess Paradise coal project in the Canning Basin to its Hong Kong-based major shareholder for $21 million.
Scotland-based energy technology company Proserv has acquired specialist subsea engineering business Velocious, which was established in Perth seven years ago.
A UK-based business has swooped on Cool Clear Water Group, buying the Perth-based water purification and dispensing system distributor for $60 million.
Troy Resources has extended its $188 million takeover offer for Azimuth Resources by two weeks, after failing to secure enough acceptances from existing shareholders to close the bid.
Rialto Energy is seeking to raise up to $21 million to fund exploration and development work at its oil and gas acreage off the coast of Cote d’Ivoire.
Fast-growing Geraldton business Bhagwan Marine has expanded its service offering and geographical presence through the acquisition of a Northern Territory marine services business.
