DMC Mining Ltd’s directors said today that they are inclined to accept the offer of Cape Lambert Resources Ltd to acquire their stocks and options at 53 cents per shares, for a total takeover bid of $46.04 million.
Leighton Holdings Limited subsidiary Thiess Services announced on late Monday the value of the work contract on Victoria's M89 ring road upgrade has been set at $623 million.
China’s central bank has indicated over the weekend that the yuan would be more flexible in the coming days, though it gave clarification that significant changes should not be expected and at the last check, the Chinese currency still stands at about 6.8 against the US dollar.
Self-made billionaire Ken Talbot's roots can be traced back 40 years ago when he first started in the mining industry. He became one of the prominent figures in the mining industry in Queensland, and went on to become one of Australia's richest men.
The West Australian Premier is satisfied with the results of the royalties deal with two giant Australian iron ore miners.
Google Voice, the popular VoIP voicemail, and messaging service is now open for anyone in the U.S. Previously, the service was invitation-only.
GUD Holdings Ltd offered up to $83.8 million to takeover Dexion Ltd in bid to diversify the company’s portfolio even as Dexion hinted on Monday that its board of directors are ready to accept the proposal.
Sales of new motor vehicles slid by 3.2 percent in May, according to the latest figures furnished by the Australian Bureau of Statistics (ABS) on Monday, but CommSec economist Savanth Sebastian characterised the decline as a mere statistical hiccup and not an indicator of weakening consumer confidence.
Federal Treasury Secretary Ken Henry told media on Monday it is too early to write off all prospects of the resource super profits tax after it was introduced to the mining sector.
Grange Resources reported today that no further rockfalls occurred so far on its Savage River ore mine pit, located in Tasmania’s west coast, since close to half million tonnes of rock cascaded down to the site on Thursday last week.
Australian firm CSR assured on Monday it will continue to pursue its talks with China's Bright Food Group on the sale of its sugar operations, however, no final offer has been set.
The New Zealand Commerce Commission has granted clearance over AMP on its bid for AXA Asia Pacific on Monday.
There is a likelihood that the federal government’s fresh partnership with Telstra on the National Broadband Network project could be derailed as the telco giant announced today that it can scrap the deal once its demands embodied in the agreement do not materialise.
Australia's competition watchdog has announced on Monday the deadline on June 22 to decide on the proposed $16 billion ($A132.8 billion) iron ore joint venture between two iron ore miners.
Fortescue Metals Group will sign an agreement with a Chinese engineering group in hopes to increase iron ore productions at its Chichester Hub project mine in Western Australia.
Chinese Vice-President Xi Jingping's visit to Canberra yesterday was not welcomed with open arms.
The Business Council of Australia has urged the Federal Government to chuck its proposed resources super profits tax on the mining industry and provide a new one with a comprehensive public consultation.
Brierty Limited said on Friday that it has contracted four new deals reaching $25 million to deliver civil construction services in the northwest part of Western Australia.
Shares in Leighton Holdings made a solid performance in the market yesterday after it announced its big contracts yesterday.
The ANZ Banking Group has announced on Friday a memorandum of understanding (MoU) with China Development Bank (CDB) to increase trade and investment between China and New Zealand.
David Jones chief executive Mark McInnes has tendered his resignation after admitting to inappropriate behavior that was “unbecoming of a chief executive to a female staff member” at two company functions.
The Australian property market is known as one of the world's best performers despite a 20 per cent rise in prices since last year.
MAp Group said on Friday that passenger numbers grew on all of its three Australian and European airports in May as normal operations resumed in the aftermath of the volcanic cloud that covered much of Europe in April.
Australian mining group BHP Billiton may be facing a more competitive tax rate – this time, in Liberia.
The National Australia Bank (NAB) confirmed on Friday it has plans to sell its adviser network and North investor platform.
AXA Asia Pacific Holdings Ltd (AXA APH) chief executive Andrew Penn said on Thursday that the global financial crisis had sparked shifts in the world’s financial service industries which could lead to further merger and acquisition activities in the financial sector.
Trafford Resources Ltd said on Thursday that it plans to issue new renounceable shares amounting to $3.75 million in order to fast track its iron ore project in South Australia.
US-based companies have expressed their interests for a takeover bid to a Western Australian-based oil and gas producer.
The continued locust plague may become the biggest threat to the nation's grain farmers as it may possibily infest the areas from Birdsville to Bendigo.
Household savings have dramatically changed for the better in the June quarter, however, credit cards became the major cause of debt in Australia, according to a recent survey.
