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Move set to double its ore throughput at Ballarat plant

A$116m shares, bonds deal could give it control of Discovery Metals

It can be an investor’s dream or nightmare. In just a week, Asiasons Capital Ltd, a Singapore-listed Malaysian- based investment group, saw its share price more than double from its last traded price of $1.325 on Sept 12 to $2.72 yesterday. This came after shares in the company resumed trading following a trading halt from Sept 13 to Sept 16 pending an announcement.

Asiasons also raising $254m from share placement to four new investors

Asiasons Capital Limited said on Tuesday that it will buy 27.5 per cent of Black Elk Energy Offshore Operations LLC, a US-based oil and gas company, for US$171.65 million.

Blumont Group has made another foray into coal mining, announcing yesterday a move to take a 15 per cent interest in Resource Generation Limited (RES) - a coal-miner in which Noble Group also has a stake - for up to A$22.11 million.

Oil and gas exploration and production firm Ramba Energy has received an offer from Jakarta-listed Sugih Energy for a 51 per cent stake in the firm.