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Foreign investment

New Crown offerPremiumBuyer lines up James Packer’s 37 per cent Crown stake

Private equity group Oaktree has proposed a $3 billion funding package for Crown to buy some or all of Mr Packer’s controlling stake in the casino company.

Sean Smith

New conditionsPremiumBlackstone tweaks Crown takeover offer

The private equity group has made it clear the $8 billion bid is dependent on Crown not being stripped of any of its casino licences.

Sean Smith

Wind planPremiumBritish firm proposes $1b wind farm in ocean off Myalup

Australis Energy is looking to sink install nearly 40 turbines off the South West coast with the aim of generating power for WA’s electricity grid from late-2026.

Sean Smith

breaking
breaking
Crown offerPremium
breaking
Packer open to sale as Crown takeover advisers named

Moelis Australia will advise the billionaire on Blackstone Group’s $8 billion tilt at the gaming group.

Sean Smith

Derby planPremiumOverseas firms back $4b Derby fertiliser plant

The Derby Fertilizers and Petrochemical Complex wants to be in production before Vikas Rambal’s proposed $4.5b plant in Karratha.

Sean Smith

Open upPremiumBe more open to Chinese investment: mining identities

Two key mining figures have called for the Federal Government to be more open and transparent on Chinese investment in Australian resources to help mend the broken relationship.

Stuart McKinnon

Foreign incentiveInvestment tax break extended to big firms

The measure is part of the Government’s JobMaker plan to drive investment, create jobs and further support the economic recovery from COVID-19.

Colin Brinsden

International partnershipPremiumPerth council to vote on historic with Bali deal

The City of Perth is positioning itself to become a key destination for Indonesian foreign investment by partnering with WA’s favourite holiday destination.

Michael Traill

Organ harvest fearsCommentsPremiumForeign veto laws ‘should include hospitals’

Foreign veto laws should be expanded to include hospitals, ‘to mitigate risks with foreign partners where unethical practices ... may be occurring’ a parliamentary committee report has stated.

Sarah Ison

Money dries upCommentsPremiumBillions lost as Chinese investment in Australia falls

Experts expect local investment to fall further in the future as the Federal Government moves to a “more cautious and restrictive” regime.

Sarah Ison

The West Australian exclusive
The West Australian exclusive
Employment boostCommentsPremium
The West Australian exclusive
Govt urged to cut red tape to create 32,000 mining jobs

More than 32,000 jobs could be created in the mining sector within five years if the Federal Government cuts red tape and corporate taxes, and makes foreign investment conditions more amenable.

Lanai Scarr

The West LiveVideoPremium‘Exaggerating’: Miners trash Palmer’s investment threat

Leading WA mining identities have slammed Queensland billionaire Clive Palmer’s attempt to sue the State for $30 billion in damages to his mining interests, claiming it’s all a show for the court.

Caitlyn Rintoul and Jenna Clarke

Confidence highPremiumSheffield banks on FIRB tick for Yansteel tie-up

The joint venture, which will allow Sheffield to fully fund the $478m Thunderbird project, is subject to approval by a Federal watchdog that has recently knocked backs similar deals.

Stuart McKinnon

The West Australian exclusive
The West Australian exclusive
JV dealPremium
The West Australian exclusive
Chinese test for Sheffield’s Yansteel deal

The company has announced a joint venture that involves it hiving off 50 per cent of its flagship Thunderbird mineral sands project in exchange for a big cash injection.

Stuart McKinnon

Higher stakesPremiumForeign bidding war heats up to win Cardinal

Shandong Gold has sweetened its bid after fellow suitor, Russia’s Nordgold, lobbed a higher offer last week.

Stuart McKinnon

Takeover turbulenceVideoPremiumVirgin sale up in the air as bondholders seek review

The move by the airline’s bondholders throws plans to start generating cash into jeopardy as passengers will be reluctant to book ahead amid uncertainty about the takeover.

Geoffrey Thomas

Risky businessPremiumFears reforms will give foreign investors cold feet

Legal experts and corporate advisers have warned of increased uncertainty for investors after the Federal Government’s decision to shake up the country’s foreign investment rules.

Meilin Chew

ZERO TOLERANCEPremium‘National security’ crackdown on foreign investments

Treasurer Josh Frydenberg is poised to get hugely increased powers to stop foreigners from buying Australian businesses or assets in deals that might endanger national security.

Lanai Scarr

Pushing aheadPremium$65m Forbes tower to woo foreign buyers seeking safety

The developers will not delay the sales launch for the project, claiming Perth will be a target for an anticipated rush of global finance that will soon be looking for a new home.

Kim Macdonald

Knocked backPremiumNorthern Minerals hits $20m China investment roadblock

The intervention follows a crackdown by the Federal Government amid the coronavirus crisis to prevent overseas entities from picking up struggling Australian companies on the cheap.

Stuart McKinnon

Demerger uncertaintyPremiumCoronavirus clouds Iluka Resources royalty spin-off

COVID-19 could delay the mineral sands miner’s demerge of its lucrative Pilbara iron ore royalty vehicle.

Sean Smith

Overseas interestsPremiumForeign backers a hurdle for Virgin’s $1.4b bailout

The airline’s foreign ownership is looming as a stumbling block to its pitch for a $1.4 billion government bailout to help it ride out the coronavirus pandemic.

Sean Smith

Court hearingPremiumCorporate cop ‘fails’ to grasp Ponzi accused’s plan

The court was told Chris Marco had invested money on his clients’ behalf for nearly 25 years without any of them complaining to regulators.

Sean Smith

Rare earthsPremiumDeep interest but shallow pockets on critical minerals

There may be plenty of hype around critical minerals but that’s yet to translate into financial backing, says the boss of an aspiring WA rare earths miner.

Stuart McKinnon