Hard-coking coal specialist Pike River Coal has cleared the way to fund itself to move to full production, announcing a $50 million rights issue as it contemplates "taxable profits in the immediate future".
Coal-seam gas explorer L&M Energy has been given shareholder approval to take over the interests of its private sister company L&M Coal Seam Gas in a cashless merger creating 500 million new shares in L&M Energy (LME).
Oceana Gold's plan to raise $106 million to buy out all its forward hedge contracts and sell 100% of its gold at present buoyant global spot price markets carries areas of risk.
Hard-coking coal specialist Pike River Coal, whose inaugural export shipment left for India last week, is tipped to announce a $20 million-plus rights issue when it delivers its six-monthly financial report today.
Contact Energy is expected to book a return to earnings growth - following two halves of decline - when it reports its trading figures for the first half to December tomorrow.
West Coast hard-coking coal specialist Pike River Coal bid farewell to its first shipment of export coal to India yesterday - 20,000 tonnes worth $3.4 million - having spent $270 million in mine development since listing on the stock exchange two and a-half years ago.
A 16-month-old merger proposal between Port Otago and listed Lyttelton Port of Christchurch is continuing, after a joint statement yesterday which shed little light, however, on the complexity of the parochial issue.
The University of Otago's School of Business has launched a new one-on-one mentoring programme for its MBA students - its largest class in a decade and comprised of students from 10 countries.
The demise of Dunedin's Tamahine Knitwear has taken a turn for the worse as debts of more than $4 million stack up under the receivership of its owner, Algie Agencies Ltd.
Michael Hill International has posted a $22.2 million profit after tax for the six months to December and has signalled a slowing in expansion as it scrutinises potential acquisitions more closely.
Triple-listed East Otago miner Oceana Gold has announced a capital-raising programme - seeking a total $US75 million ($NZ106 million) - to buy out its forward hedging contracts so it can sell its gold on the global spot market.
Following a month-long near 30% gain in its share price, listed Dunedin company Scott Technology has responded to a "please explain" from the stock exchange on a recent 18% dip in price.
Fletcher Building has booked a $154 million profit for the six months to last December - 10% down on last year's result - and is cautiously optimistic of growth in the New Zealand and Australian residential sector.
Otago business confidence is at a 10-year high - beyond the national benchmark - as 11 of 14 regions posted gains in economic activity during the last quarter of 2009.
Tight lending in the rural sector is being blamed for a fall in national dairy-farm sales, to just seven in January - traditionally one of the better selling months.
Senior management recruitment for the Bunnings Warehouse in Dunedin has begun.
Casino operator Skycity Entertainment Group has posted a solid after-tax profit, almost 30% up on last year's half-year to December result, and appears set to deliver double-digit profit growth of up to 15% for the full year.
Dunedin's Upstart Business Incubator is hosting an inaugural Upstart Den meeting next month to allow Otago-based inventors to present their products to would-be entrepreneurs - in private.
The Freightways result for the six months to December has been disappointing for brokers, and management has signalled expectations of continued economic volatility and only a "gradual" trading improvement.
Otago and Southland fared best in the January service sector index, which nationally remains in expansion mode despite having two consecutive months of decline.
