The mining-friendly Toronto stock exchange is underpinning several New Zealand resource companies. Two are seeking listings and a third has recently recapitalised by almost $3 million, albeit in private placements.
Oceana Gold has clinched a multibank three-year $US220 million ($NZ276.5 million) credit facility, largely for repayment of $A167.8 million ($NZ218.1 million) in convertible bonds during the next 18 months.
From a "suggestion" from afar, to celebrating 20 years' trading - one of Dunedin's most high-profile restaurants has seen a multitude of changes from its first-storey perch above the Octagon.
A historic Otago Peninsula homestead - the base for New Zealand's first co-operative cheese factory in 1871 - is for sale, along with 15ha of farmland.
Port Otago today begins preparations to replace 37-year-old crane tracks on its main wharf in a $1.7 million project, which takes the wharf out of commission for up to four months.
Secured creditors lost more than $500,000 over the collapse of St Clair developer Stephen Chittock's three companies - in the final wash-up of multiple debts.
Shares in West Coast coal mine developer Bathurst Resources have hit a new low of 50c as it prepares for Environment Court challenges, yesterday laid down for a month-long hearing beginning on October 29 in Christchurch.
Fletcher Building shares continue their slide, having shed a total $1.97 billion in market capitalisation during the past year.
The Station Mews investment apartment building in central Dunedin, with 31 studio rooms, is on the market for $3.25 million.
Jean Hubbard, the widow of late businessman Allan Hubbard, has made a surprise claim to the $60 million of disputed Aorangi Securities Ltd assets.
Boutique Otago gold producer Glass Earth Gold has clinched $C2.35 million ($NZ2.95 million) from private equity placements out of Canada, enabling it to refinance the $4 million buy-out of its former joint venture partner.
West Coast mining proposals have again attracted headlines, after the Government confirmed a large aerial minerals survey includes swathes of Te Wahipounamu South West, a world heritage area.
Three retail clothing outlets in Queenstown, Mosgiel and Invercargill have been placed in voluntary liquidation, with the total of more than $400,000 owed to 26 unsecured creditors "unlikely" to be repaid.
Dunedin software development company Areo will next week launch its first fully commercial software product, which specialises in processing two-dimensional aerial photographs into naturally-coloured 3D computer imagery.
Global oil prices have tumbled to their lowest in 18 months, with New Zealand petrol prices in turn dipping below $2 a litre for the first time in 10 months to 199.9c a litre.
Manufacturing underpinned a surprise 1.1% quarterly increase in gross domestic product data, more than doubling predictions by some analysts and the Reserve Bank.
A Central Otago businessman is behind a proposal valued at between $30 million and $35 million to develop Kaikoura's fishing wharf area into a hotel, restaurant, conference and retail precinct.
Marked changes to retailing during the past decade have worked in favour for Dunedin-based niche outdoor and fashion clothing manufacturer Silkbody, this week celebrating 10 years in business.
Dunedin-founded company Hirequip - in the hands of private Australian equity company Tasman Capital Partners - is considering options to raise equity and could eventually look at relisting on the stock exchange.
Boutique explorer Glass Earth Gold has made a bold prediction - that it plans to extract $6 million from its Central Otago tenements next year - while announcing a $C2.2 million ($NZ2.77 million) recapitalisation programme.
