Finance News Network

Latest News

Woolworths completes $704M share buy back

11 Oct 2010 - Woolworths Ltd (ASX:WOW) completes a $704 million off-market share buy-back.

Red 5 secures exploration funding

11 Oct 2010 - Red 5 Ltd (ASX:RED) secures a short-term US$25 million gold prepay financing package plus an equity commitment of US$25 million.

Indophil announces US$40M share placement

11 Oct 2010 - Indophil Resources NL (ASX:IRN) will make a US$40 million share placement to San Miguel Corporation.

Potash slams BHP takeover again

08 Oct 2010 - CEO of Canadian fertiliser company Potash Corp has reportedly said BHP Billiton Ltd's (ASX:BHP) US$40 billion hostile takeover bid is a 'non-starter'.

Rio Tinto diamond operations in transition phase

08 Oct 2010 - An executive at Rio Tinto Ltd (ASX:RIO) has told media that the miner's diamond business is going through a transition phase as the industry moves from open-pit to un…

CGA Mining expands fleet

08 Oct 2010 - Gold miner CGA Mining Ltd (ASX:CGX) says it has expanded its mining fleet in order to service the expansion of its Masbate Gold Project in the Philippines.

Alcoa Q3 profit slips 21%

08 Oct 2010 - Alcoa Ltd (ASX:AAI) reports a 21 per cent decline in profit for the third quarter.

Sundance appoints new CEO

08 Oct 2010 - Aussie iron ore miner Sundance Resources Ltd (ASX:SDL) is to announce the appointment of Giulio Casello as CEO.

Constellation brands Q2 profit falls

08 Oct 2010 - Constellation Brands Ltd (ASX:CBR) posts a 9 per cent drop in earnings for the second quarter but says the company's performance is improving.

Venture Minerals $20M capital raising

07 Oct 2010 - Aussie mineral exploration company Venture Minerals Ltd (ASX:VMS) is to raise $20 million to fast track the development of its flagship Mt Lindsay project in north-we…

Northern Star bumper output in Sep

07 Oct 2010 - Northern Star Resources Ltd (ASX:NST) says bumper gold production in Sep has enabled it to post record production for the Sep quarter at its Paulsens Gold Mine in WA.

Gold One receives approval for US$65M loan facility

07 Oct 2010 - Gold One International Ltd (ASX:GDO) receives credit approval for a US$65 million loan facility.

Monadelphous secures contracts worth $120M

07 Oct 2010 - Monadelphous Group Ltd (ASX:MND) secures new contracts and work in Western Australia and Papua New Guinea worth around $120 million in total.

Potash Corp lashes out at report on BHP bid

07 Oct 2010 - BHP Billiton Ltd's (ASX:BHP) takeover target, Potash Corp, has lashed out at findings in a report on BHP's US$40 billion hostile bid for the fertilizer giant.

GMHBA rejects $140M takeover offer from nib

07 Oct 2010 - ASX listed health insurer nib Holdings Ltd (ASX:NHF) has made a $140 million takeover bid for fellow health insurer GMHBA.

Conquest Mining recovers high grade results

06 Oct 2010 - Conquest Mining Ltd's (ASX:CQT) wholly owned Mt Carlton project delivers high grade gold results.

M2 Telecommunications partners with FlexiGroup

06 Oct 2010 - M2 Telecommunications Group Ltd's (ASX:MTU) wholly owned subsidiary M2 Commander Pty Ltd forms an alliance with FlexiGroup Ltd (ASX:FXL).

OceanaGold raises CAD$115.5 million

06 Oct 2010 - OceanaGold Corporation (ASX:OGC) raises CAD$115.5 million, raising the funds through a private placement.

Fortescue finalises shipping dispute

06 Oct 2010 - Fortescue Metals Group (ASX:FMG) finalises dispute with freight company Armada Pte Ltd.

Ammtec directors accept Campbell Brothers offer

06 Oct 2010 - Ammtec Ltd (ASX:AEC) says all of its directors have now accepted Campbell Brothers Ltd's (ASX:CPB) revised takeover offer.

Ausdrill extends Fortescue contract for $98M

06 Oct 2010 - Ausdrill Ltd (ASX:ASL) scores a $98 million contract extension from Fortescue Metals Group Ltd (ASX:FMG).

UXC wins entertainment contract in WA

05 Oct 2010 - UXC Ltd (ASX:UXC) wins a multimillion dollar contract to provide workers at Chevron's Gorgon project with an entertainment and lifestyle system.