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ASX300 News Digest
Syrah Resources Trading Halted, Pending Company Announcement
The securities of Syrah Resources will be placed in trading halt session state, at the request of the company, until the earlier of the commencement of normal trading on Tuesday, 28...
Crown Divests Interest in Echo Entertainment Group
Crown announced that it has divested its interest in Echo Entertainment Group pursuant to a block trade executed overnight on 23 May 2013. Pursuant to that agreement, the company's...
Cromwell Property Group Trading Halted, Pending Company Announcement
The securities of Cromwell Property Group will remain in Trading Halt Session State at the request of the Group, pending the release of an announcement by the Group in relation to...
Oil Search Provides Drilling Report on Taza1 ST2, Flinders 1, and Mananda 6
Oil Search provided a drilling report, reporting as at 06:00 hours KRI time on 23 May, the Taza 1 ST2 well was at a depth of 3,351m and undertaking a well test on the open hole...
Karoon Gas Australia Provides Proteus-1 Exploration Well Progress Report No 5
Karoon Gas Australia reported that at 06:00 WST on 23 May an 8-1/2" drilling assembly was being made up as final preparations are made to recommence drilling in the 8-1/2" hole...
WorleyParsons Announces EPCM Contract Award for the Celanese Methanol Project
WorleyParsons announced the signing of a contract for the Engineering, Procurement and Construction Management ("EPCM Agreement") with Celanese Corporation for the development of...
Horizon Oil Announces Strategic Alliance with Osaka Gas in PNG
Horizon Oil advised that it has entered into an agreement to sell 40% of its PNG assets to Osaka Gas Co. of Japan for US$204m, including US$74m in cash on completion, a further...
Flinders Mines to Commence BID Drilling Program in Pilbara
Flinders Mines announced that it will undertake a new drilling program targeting Brockman Iron Deposit (BID) mineralisation at its 100%-owned Pilbara Iron Ore Project. Having...
Automotive Holdings Group Announces Ford to Close Australian Manufacturing in 2016
Automotive Holdings Group advised that the decision announced by Ford Australia to end local production in Victoria is not expected to have any material impact on the company's...
Newcrest Mining Refers to NSW Land and Environment Court Decision of 17 May 2013
Newcrest Mining confirmed that following a Land and Environment Court judgment of 17 May 2013, the company's Exploration Licence (EL) 3856 in the Cadia district of NSW continues to...
Bathurst Resources Secures Access Arrangement for Escarpment Project
Bathurst Resources advised that the Minister of Conservation, Hon Dr Nick Smith, has granted the Access Arrangement for the Escarpment project on the Denniston Plateau, near...
Sundance Energy Australia Provides Interim Operations Update
Sundance Energy Australia reported that it began flowback on the Hoskins EFS 4H (SEA 100% working interest) on 16 April 2013. Through the first 30 days the well has produced an...
Beach Energy to Expand Cooper Basin Oil Exploration Acreage
Beach Energy advised that the company and Bengal Energy have agreed the key terms of a farm-in to explore for oil in ATP 732 ("Tookoonooka"). Subject to completion of the necessary...
Australian Agricultural Company Continues Brighton Downs Station Sale Process
Australian Agricultural Company advised that it will continue the sale process for its Brighton Downs Station after it was passed in at auction on 22 May 2013 for $10.25m....
APA Group Applies for Review of VTS Access Arrangement
APA Group announced that it has applied for the review of the Australian Energy Regulator's (AER's) final decision in relation to the access arrangement on the group's Victorian...
Cooper Energy Announces Callawonga-8 Success
Cooper Energy reported that the Callawonga-8 well, in PEL 92 on the western flank of the Cooper Basin, has penetrated 7 metres of gross oil column in the McKinlay Member and Namur...
Horizon Oil Trading Halted, Pending Company Announcement
The securities of Horizon Oil will be placed in trading halt session state, at the request of the company, until the earlier of the commencement of normal trading on Monday, 27 May...
Bathurst Resources Trading Halted, Pending Company Announcement
The securities of Bathurst Resources will be placed in trading halt session state, at the request of the company, until the earlier of the commencement of normal trading on Monday,...
QBE Insurance Group Announces S&P Rating
QBE Insurance Group reported that Standard amp; Poor's Ratings Services (Samp;P) has affirmed the insurer financial strength ratings for the group's core operating entities at "A+"...
Sirius Resources Provides Bollinger Update
Sirius Resources advised that ongoing drilling at its Bollinger nickel-copper deposit continues to define significant widths of sulphide mineralisation, including: 14.72m @ 2.60% Ni...
James Hardie Industries Announces Appendix 3C Buy Back
James Hardie Industries announced an on-market buy-back of up to 22.08m FPO shares as part of the company's capital management program. The buy-back period will be for a 12-month...
James Hardie Industries Reports NPAT Down 92% to US$45.5m for the Year to 31 March 2013
James Hardie Industries reported NPAT down 92% to US$45.5m for the year ended 31 March 2013. Net operating profit for the year included unfavourable asbestos adjustments of...
Sundance Resources Responds to ASX Price Query, No New Information
Sundance Resources responded to an ASX share price query stating that it is not aware of any information which, if known, could be an explanation for the recent trading in its...
Origin Energy Reports CEN Announces Successful Pricing of New Wholesale Bond Issue
Origin Energy reported that Contact Energy (CEN) has announced the successful pricing of NZ$100m of new wholesale bonds issued in the domestic market. The issue consists of NZ$50m...
Mirvac Group Announces AGL Signs Agreement for Lease at 699 Bourke Street, Melbourne
Mirvac Group announced that AGL Energy has signed an Agreement for Lease for office space to be developed by the group at 699 Bourke Street, Melbourne. AGL initially plan to occupy...
Cromwell Property Group Announces $405m Acquisition of NSW Portfolio
Cromwell Property Group advised that it has entered into unconditional agreements to purchase a portfolio of seven office assets from the NSW State Government, with settlement...
Cromwell Property Group Trading Halted, Pending Company Announcement
The securities of Cromwell Property Group will be placed in trading halt session state, at the request of the company, until the earlier of the commencement of normal trading on...
Cardno Forecasts FY13 Profit of $73m to $77m
Cardno advised that it expects to report a NPAT of between $73m and $77m for the year ending 30 June 2013, compared to $74.1m for the 2012 financial year. Subject to finalisation of...
Aspen Group Responds to Media Article
Aspen Group noted media speculation made on 22 May 2013, reporting that consistent with the company's strategy outlined to securityholders at the 2012 AGM, the company continues to...
Maverick Drilling and Exploration Provides High Impact and Production Update
Maverick Drilling and Exploration provided an update on its high impact drilling program, reporting that the West Schenck #618 reached total depth within the past 24 hours at...
Commonwealth Property Office Fund Announces Sale of 45 Pirie Street, Adelaide
Commonwealth Property Office Fund announces the sale of 45 Pirie Street, Adelaide for $87.0m to a private investor. The sale price compares to the 30 June 2012 valuation of $85.7m...
Adelaide Brighton Provides Chairman and MD Addresses to AGM
Adelaide Brighton provided its chairman's and MD's addresses the company's AGM. The chairman reported that the company achieved a record NPAT of $154.1m for the year to 31 December...
Papillon Resources Extends High Grade Shoot Beyond Resource Limits
Papillon Resources advised that results from recent drilling have continued to highlight extensions of mineralisation outside of the current Mineral Resource Estimate (MRE) area at...
Aspen Group Trading Halted, Pending Company Announcement
The securities of Aspen Group will be placed in trading halt session state, at the request of the company, until the earlier of the commencement of normal trading on Friday, 24 May...
Stockland Raises $400m through Institutional Placement
Stockland advised that it has raised $400m through a fully underwritten placement to institutional investors of 103.1m securities at $3.88 each. This is a 2.5% discount to the...
Silver Lake Resources Announces Hollandaire Drilling Results
Silver Lake Resources provided an update on infill drilling activities at Hollandaire within the Eelya Complex, part of the Murchison gold project located 600km north of Perth....
Northern Iron Provides Update on Primary Mill at Sydvaranger
Northern Iron provided an update on recent developments regarding the performance of the primary mill at the Sydvaranger project, reporting that following recent maintenance work...
Pharmaxis Appoints Bronchitol Distributor for Poland
Pharmaxis announced that it has appointed PharmaSwiss SA, a division of Valeant Pharmaceuticals International, Inc, as distributor for Bronchitol in Poland and 10 other Eastern...
Myer Holdings Provides Q3 FY2013 Sales Update
Myer Holdings reported third quarter total sales for the thirteen weeks to 27 April 2013 of $652.5m, up 0.5% compared to last year. On a comparable store sales basis, sales were up...
Seven West Media Confirms KKR's Decision to Sell Shareholding in Company
Seven West Media reported that the company and Kohlberg Kravis Roberts amp; Co (KKR) have confirmed KKR's decision to sell its shareholding in the company. The company reported that...
Abacus Property Group Acquires Industrial Property in Clayton, Victoria
Abacus Property Group announced the settlement of an industrial property in Clayton, Victoria for $19.55m. The transaction represents a sale and lease back to PMP Print, a...
Tap Oil Provides Bianchi-1 Well Drilling Update
Tap Oil provided an update of the Bianchi-1 gas appraisal well in Retention Lease WA-49-R. The well will target sandstones in a Triassic age Mungaroo Formation within a separate...
Transurban Group Announces June 2013 Distribution for the Six Months and AGM
Transurban Group announced a distribution totaling 15.5 cents per stapled security will be paid in respect of the six months ending 30 June 2013. This will be made up of a 12.0 cent...
Boart Longyear Provides Business Update
Boart Longyear provided a business update, reporting that at the time of its full-year results announcement in February 2013 that the global outlook for mining services was...
Discovery Metals Reinstates to Official Quotation
The suspension of trading in the securities of Discovery Metals will be lifted immediately, following receipt of an announcement in relation to the Company's financial position and...
Discovery Metals Announces Potential Change of Control Process - Corporate Updates
Discovery Metals announced it has initiated a process which may result in a change of control of the Company. The Company has commenced the calling of bids from interested parties...
Blackthorn Resources Announces Musafwa and Kachindu Licences Renewed at Mumbwa Project
Blackthorn Resources provided a Mumbwa Project update, reporting the Musafwa and Kachindu large-scale prospecting licences in Zambia have been renewed for a further 2-year period...
Seven West Media Appoints Tim Worner as Chief Executive Officer
Seven West Media announced the appointment of Tim Worner as the new CEO of the Company. Mr Worner is currently CEO, Broadcast Television, for Seven West Media. He will take on his...
Silex Systems Announces Test Loop Milestone Achieved
Silex Systems announced that the Test Loop Program Phase I Milestone: Technology Demonstration, has been successfully completed at GE-Hitachi Global Laser Enrichment's (GLE)...
DUET Group Announces Multinet Gas Appeals AER's Access Arrangement
DUET Group advised that Multinet Gas (MG) has lodged an appeal with the Australian Competition Tribunal in relation to the Australian Energy Regulator's (AER) final decision of MG's...
Arrium Releases Mining Quarterly Production Report
Arrium provided its quarterly mining production report, reporting the March 2013 quarter shipments were 1.97Mt (dmt) up 0.15Mt on prior quarter (includes 0.50Mt of Southern Iron...
Tiger Resources Provides Financing Update for the Kipoi Stage 2 SXEW
Tiger Resources advised that it is in discussions with international financial institutions to replace Nedbank Capital as a participant in the US$80m debt financing facility to be...
Transfield Services Provides Earnings Guidance and Market Update
Transfield Services reported that as outlined in its investor presentation lodged with the ASX on 2 May 2013, activity levels in some of the company's sectors are strong (coal seam...
Cabcharge Australia Announces Acquisition of Melbourne Bus Route Business by Associate
Cabcharge Australia announced - via its JV with ComfortDelGro Corporation - ComfortDelGro Cabcharge (CDC) - that it has entered into a contract to acquire part of the business of...
Fleetwood Corporation Provides Trading Update
Fleetwood Corporation reported that as a consequence of flat or weaker trading conditions in the group's principal markets, profitability during the second half of the year has not...
Qantas Airways Issues Additional April 2020 Notes
Qantas Airways announced it has agreed to issue an additional A$125m in unsecured fixed rate notes maturing in April 2020, taking the total amount on issue to A$250m. The notes are...
Origin Energy Releases Contact Energy's April 2013 Monthly Operational Data
Origin Energy provided Contact Energy's April 2013 monthly operational data, reporting hydro storage as at 30 April included South Island 77% of mean, and North Island 62% of mean....
Macquarie Group Allocates $580m Macquarie Group Capital Notes at a Margin of 4.00%
Macquarie Group announced the successful completion of the bookbuild for its Offer of Macquarie Group Capital Notes, which was announced on 14 May 2013. Following strong support for...
Santos Announces First Oil from Fletcher Finucane Ahead of Schedule
Santos announced that oil production has commenced ahead of schedule and on budget from the $490m Fletcher Finucane project in the Carnarvon Basin offshore WA. The Fletcher Finucane...
AWE Upgrades AAL Gross 2P Reserves to Over 100 million bbls
AWE advised it has increased its estimate of recoverable oil for the Ande Ande Lumut (AAL) K Sand development by 33% to 101m barrels of oil (including upgrading what were previously...
Singapore Telecommunications Announces Optus to Roll Out Australia's First Multi-band 4G Network
Singapore Telecommunications reported Optus announced its 2013/14 network plans and strategy beyond 2014, including rolling out Australia's first multi-band 4G network. Optus is to...
Neon Energy Provides Vietnam Block 105 Investor Update
Neon Energy provided a presentation regarding the results of the recent 3D seismic program located within the company's offshore Vietnam Block 105-110/04 ("Block 105"). The 800sqkm...
Australian Agricultural Company to Sell Subdivisions of Goonoo Aggregation for $23m
Australian Agricultural Company advised that it has exchanged a contract for the sale of subdivisions of its Goonoo aggregation, including Adelong, in Central Qld, for $23m. The...
GPT Group Sells Erina Fair Interest to Advance Portfolio Strategy
GPT Group announced it continues to deliver on its portfolio re-weighting strategy, with the sale of its 50% interest in the Erina Fair shopping centre, on the NSW Central Coast,...
SP AusNet Announces Standard Poor's and Moody's Credit Ratings Update
SP AusNet noted the release by Standard amp; Poor's ("Samp;P") lowering its long-term rating on SP AusNet Group and SP AusNet's subsidiaries to 'BBB+', from 'A-'. The Company also...
Crown Receives Queensland Gaming Regulatory Approvals
Crown announced that it has received written advice from the Queensland Office of Liquor and Gaming Regulation that the necessary approvals have been granted to allow the Company to...
GWA Group Refinances Banking Facilities
GWA Group advised that the company has successfully completed the refinance of its syndicated banking facility and has put in place a new $275m syndicated facility. The new facility...
Azimuth Resources Provides Supplementary Target's Statement
Azimuth Resources provided a supplementary target's statement issued by the company in relation to the off-market takeover offer by Troy Resources for all of the FPO shares in the...
Central Petroleum Corrects False Media Information
Central Petroleum corrected certain incorrect Bloomberg online media reporting, reporting that the company's MD, Richard Cottee is not a director of QGC. Mr Cottee served as QGC's...
Tap Oil Provides Taunton-5/5H Appraisal Well Drilling Update
Tap Oil provided an update on the Taunton-5/5H well to appraise the Taunton oil field, located in the TL/2 production license and TP/7 exploration permit. During the period 0600...
IMF (Australia) Announces New Funding Agreement
IMF (Australia) announced that it proposes to fund claims by former and current Brisconnections unitholders against Arup, who prepared the traffic forecasts for the Brisbane Airport...
Prima BioMed Provides Cleansing Statement and Appendix 3B
Prima BioMed provided notice under section 708A(5)(e) of the Corporations Act 2001 (Cth). Pursuant to shareholder approval received at the 16 May 2013 general meeting, the company...
OceanaGold Corporation Announces Declaration of Commercial Production at Didipio Mine
OceanaGold Corporation announced the declaration of commercial production at the Didipio Mine located in Luzon, Philippines. The board of directors has reviewed the monthly...
Wesfarmers Provides Target Update
Wesfarmers reported that Target's earnings for the 2013 financial year to date have been affected by a number of factors including: sales performance during the second half of the...
Leighton Holdings Again Denies Basis for Proposed Class Action
Leighton Holdings reported that the company's lawyers received a letter after the market closed on 16 May 2013 from Maurice Blackburn Lawyers, notifying of a proposal to commence a...
Woolworths Launches Tender Offer to Buy Back US 144A Notes
Woolworths announced that on May 17 2013 in the US, the company will commence a tender offer to buy back up to US$630m in aggregate principal amount of outstanding notes. The offer...
WorleyParsons Provides Trading Update
WorleyParsons provided a trading update and updated earnings guidance for the year to 30 June 2013. At the company's half year results announcement on 13 February 2013, the company...
Forge Group Secures $290m Dugald River EPC Contract
Forge Group announced that its wholly-owned subsidiary, Forge Group Minerals and Resources has been awarded a circa $290m Engineering, Procurement and Construction (EPC) contract by...
AWE Announces Yolla-A Achieves Significant Production Increase
AWE reported that it has been advised by the operator, Origin Energy, that the Yolla-A platform has achieved significant production improvement as a result of successful well...
Aquila Resources Announces Federal Environmental Approval for Anketell Port
Aquila Resources announced that the Commonwealth Minister for Sustainability, Environment, Water, Population and Communities has approved the Anketell Port proposal, in which the...
SP AusNet Announces State Grid Acquires 19.9% Holding in Company from Singapore Power
SP AusNet reported that Singapore Power has announced through its wholly-owned subsidiary Singapore Power International (SPI), that it had entered into an agreement with State Grid...
Bandanna Energy Provides Springsure Creek Project Update
Bandanna Energy announced that it continues to meet key milestones in relation to its Springsure Creek project approval process, with the submission of mining lease applications...
STW Communications Group Launches Edge Asia
STW Communications Group advised that it has launched Edge Asia, a leading regional digital advertising network with key offices in five major SE Asia markets. The first regional...
Energy World Corporation Provides Update on Drilling of Sheoak 2 Well
Energy World Corporation provided a report from AWT International, which provides an update on drilling of the Sheoak 2 oil and gas exploration well. This well is being operated by...