January 2015
Small players in iron ore change tactic
The sustained price pressure battering the iron ore sector is forcing some of its smallest players to abandon or shelve their plans to mine the key steel-making ingredient.
- Tess Ingram
Tony Sage will mine Minderoo station
Perth mining entrepreneur Tony Sage has labelled his win in a long battle with rival Andrew Forrest as “very lucky”, an unexpected boon for the man who has described current conditions as the worst in 30 years.
- Tess Ingram
Cape Lambert Resources defers dividend, cuts staff
Cape Lambert Resources has been forced to postpone its second dividend payment and make 117 employees redundant as part of a cost-reduction program designed to protect it from the crashing iron ore price.
- Updated
- Tess Ingram
September 2014
Cape Lambert looks at coal to diversify
Cashed-up Cape Lambert Resources is running a ruler over distressed coal assets in a move to further diversify its portfolio, says the company’s executive chairman, Tony Sage.
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- Tess Ingram
Iron price too low for the little guys
Perth mining entrepreneur Tony Sage says a raft of high-cost junior miners face a battle to stay afloat amid a sustained decline in the iron ore price to fresh five-year lows.
- Updated
- Tess Ingram and Brian Robins
August 2014
ATO sues International Litigation Partners for $7.4m tax
Singapore-based International Litigation Partners has been targeted by the Australian Taxation Office over more than $10 million in spoils, in a move that could threaten international litigation funders and the operation of the sector.
- Hannah Low
Cape Lambert Resources settles ATO dispute
Perth-based exploration company Cape Lambert Resources has reached a $2.4 million settlement with the Australian Tax Office, putting an end to a more than two-year tax dispute.
- Updated
- Tess Ingram
January 2013
Spats and suspicions
2005: Tony Sage’s name surfaces in a Crime and Corruption Commission inquiry when disgraced former public servant Graeme Burkett testifies that Perth crime figure John Kizon asked him to broker a deal in which Sage and Steve Zielinski would buy the Onyx nightclub.
- Luke Forrestal
December 2012
Police raid Sage offices
Updated | Several offices occupied by companies associated with West Australian businessman Tony Sage were raided by the Australian Federal Police on Wednesday as part of a wider tax investigation.
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- Luke Forrestal
August 2012
GrainCorp insto investors show support for acquisition
GrainCorp returns to trading after encountering a minor shortfall in its three-day $103 million institutional capital raising exercise.
- Updated
- Sarah Thompson and Anthony Macdonald
June 2012
Company briefs
Alesco chairman Mark Luby has again urged shareholders to reject DuluxGroup’s $2 a share offer.
- Updated
February 2012
- Opinion
- Opinion
Exxaro closes in on African Iron
Exxaro’s $338 million bid for African Iron is down to the wire, with the deadline for acceptances looming.
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- Sarah Thompson, Christine Lacy and Stephen Shore
Exxaro yet to reach 50pc of African Iron
Exxaro currently has a stake in Republic of Congo-focused African Iron of 22.93 per cent.
- Updated
January 2012
Capital return on the cards
A handful of Australian companies with cashed-up balance sheets are well placed to surprise investors with a capital return this year.
- Updated
- Brendon Lau
Sage looks at rail deal for Cape Lambert
A Perth mining entrepreneur is considering the feasibility of building railways to carry iron ore from mine to port in Sierra Leone.
- Updated
- Luke Forrestal
BlackRock builds 5pc Cape Lambert stake
BlackRock Investment Management emerges as a substantial shareholder in Cape Lambert Resources, which should cash in as a result of Exarro’s $338 million African Iron bid.
- Edited by Sarah Thompson and Stephen Shore
Equatorial has weather eye on raising reserves
As the excitement surrounding Australia’s newest iron ore province – West Africa – continues to build there’s a certain “sameness” to the stories emerging across the continent.
- Updated
- Sarah Thompson and Stephen Shore
November 2011
Whale of a raising for gold minnow
Glory Resources’s quest to raise about seven times its $7m market value to buy the Sapes gold project in Greece is said to be going very well.
- Sarah Thompson, Christine Lacy and Stephen Shore
August 2011
Cape Lambert to sell Greek gold project to Glory
Mr Sage is executive chairman of Cape Lambert and a shareholder in Glory, which takes its name from the A-League soccer team he owns, Perth Glory.
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- Luke Forrestal
November 2010
Stirling kicks off $96m raising
Patersons has opened the book on a $96 million share placement to fund Stirling Minerals’ acquisition of DMC Mining.
- Updated
- Nabila Ahmed and Sarah Thompson