Iluka Resources intends to demerge its rutile business in West Africa, while Northern Star is set to pocket $44.5 million from divesting two gold projects.
Tattarang has directed $26.8 million into Natural Fiber Welding, a plastic free fabric enterprise that has partnered with the likes of Alexander McQueen, Ralph Lauren, Pangaia and BMW.
WA’s largest residential builder is back on the market, three years after BGC postponed the sales process. The proceeds will flow to the children of company founder Len Buckeridge.
IGO’s proposed acquisition of Western Areas has hit a snag amid claims that an independent report prompted the WSA board to potentially reconsider its endorsement of the $3.36 per share offer.
Comet Resources is raising $50 million to cover restart and acquisition costs for Glencore’s Queensland Mt Margaret Copper project, which has been out of action since 2014.
OTR Tyres has acquired NYSE-listed Titan International’s Australian wheel division in a bid to springboard the Bellevue business’ east coast operations.
John Borshoff’s Deep Yellow and WA uranium play Vimy Resources have agreed to terms for a proposed $658 million merger, some four months after Vimy first put Mulga Rock on the market.
Infinite Blue Energy will buy the Northam Solar Farm and hopes to invest $80 million to build a green hydrogen project; while a deal for Merredin Solar Farm is progressing.
Perth-based Tietto Minerals has received commitments to the tune of $130 million for its Abujar gold project in Côte d’Ivoire ahead of first gold planned later this year.
Andrew Forrest has made a move into Western Australia’s shipbuilding sector, acquiring an 8.1 per cent interest in Austal via his investment entity Tattarang.
