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Downer flags $77m goodwill impairment hit

2018-02-05 businessnews.com.au
Downer EDI has flagged a goodwill impairment charge of $77 million on its mining operations after failing to renew two material contracts and delays in securing alternative business. (5-0)

No federal financing for Adani's Carmichael rail line: Australian official

2018-02-04 business-standard
There will be no Australian federal financing of a loan facility for Indian conglomerate Adani Enterprises Ltd to build a rail line to its proposed Carmichael coal project, a government frontbencher confirmed on Sunday. (10-0)

Australian official confirms no federal financing for Adani mine

2018-02-04 in.reuters
SYDNEY (Reuters) - There will be no Australian federal financing of a loan facility for Indian conglomerate Adani Enterprises Ltd to build a rail line to its proposed Carmichael coal project, a government frontbencher confirmed on Sunday. (10-0)

Valmec secures contract to service Gruyere gold project energy delivery

2018-01-24 australianmining.com.au
Energy services provider Valmec has secured several service and construction contracts for prominent gas and infrastructure projects, primarily for work on the APA Group’s Yamarna gas pipeline in the Eastern Goldfields, Western Australia. (7-0)

Half of Myer's headquarters gone after years of cuts

2018-01-18 theage.com.au
Embattled department store chain Myer will cut another 50 jobs and shake up its executive ranks as it tries to revive its sales performance and attract customers. (5-0)

Gruyere gold project construction on track

2018-01-17 australianmining.com.au
The Gruyere joint venture between Gold Fields and Gold Road Resources in Western Australia is on target to pour first gold in the March 2019 quarter, with construction about one-third complete. (7-0)

Adani's mega mine: it's not over yet

2018-01-09 theage.com.au
A couple of months ago, Adani looked set to defy economic logic, popular opposition and the urgent reality of climate change. (7-0)

Adani's mega mine: it's not over yet

2018-01-09 smh.com.au
A couple of months ago, Adani looked set to defy economic logic, popular opposition and the urgent reality of climate change. (7-0)

Downer wins $400 million WA gold mine contract, employing 170 people

2017-12-20 smh.com.au
Downer EDI has won a $400 million contract to provide mining services at the Gold Road Resources and Gold Fields-owned Gruyere Gold Project in Western Australia. (5-0)

Downer awarded $400m WA mining contract

2017-12-19 businessnews.com.au
Downer EDI has been awarded a $400 million contract to provide mining services at the Gruyere Gold Project in Western Australia. (5-0)

Deals Buzz: Paytm founder pledges personal stock in company’s arm

2017-12-19 livemint
Mumbai: Mint brings to you your daily dose of top deals reported by newsrooms across the country. (90-0)

Adani Cancels A$2 Billion Mine-Building Deal After Funding Woes - Bloomberg

2017-12-18 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (61-0)

News Live: India Inc raise Rs 40,700cr via 28 QIP issuances in FY18 YTD

2017-12-18 moneycontrol
The year 2017 has been an unprecedented year for the IPO market, as a massive Rs 70,000 crore was raised through 122 issues. However, it was not only the IPO mart that garnered such traction. Data shows fund-raising via qualified institutional placement (QIPs) also hit an all-time high of Rs 40,700 crore via 28 issuances so far this year. This number has surpassed the previous year's Rs 13,400 crore, and is the highest till date, beating the earlier peak of Rs 39,300 crore in FY10, Motilal Oswal said in a report. (72-0)

News Live: Motherson Sumi to announce two new acquisitions in auto space soon

2017-12-18 moneycontrol
Vivek Chand Sehgal, Chairman, Samvardhana Motherson Group (SMG), told The Economic Times that he is on the final leg of completing two acquisitions in the automotive space. “I am going to give the go-ahead for two new acquisitions. We have a list of companies, and have hired one of the big four consultancies to help us. We have finalised an agreement with one of the target companies,” he said. The group has a strike rate of “1:20,” i. (72-0)

News Live: Aurobindo, DRL frontrunners to buy out bankrupt Orchid Pharma, says report

2017-12-18 moneycontrol
Indian drug companies Aurobindo Pharma and Dr Reddy's Laboratories are emerging as the frontrunners to buy out bankrupt Orchid Pharma as they seek to expand their capacities, reports The Economic Times. A key player in the injectibles and active pharmaceutical ingredients (API) in its heyday, Orchid has received interest from 7-8 companies including international private equity funds and stressed asset buyout firms, sources said. (72-0)