South Australian premier Jay Weatherill says ‘transitional issues’ are to blame for a doubling of power prices in the state.
Major power users in South Australia could face electricity price
Read More
Iron ore drops below US$39/t
The iron ore market decline has continued this week, with the spot price for 62% Fe iron ore quoted as low as US$38.80 a tonne this morning.
Sustained market oversupply coupled with a slowdown in demand
Read More
Read More
Fonterra to grow Victorian business
New Zealand-based dairy business Fonterra will invest $120 million in its cheese manufacturing facility in regional Victoria, creating 30 more jobs at the site.
Fonterra Australia will invest NZ$141 million
Read More
Read More
Brookfield to reason with competition authority
Aspiring Asciano bidder Brookfield Infrastructure will approach the Australian Competition and Consumer Commission with a fresh set of compromises, in an attempt to win regulatory approval for its proposed
Read More
Read More
Fluor buys Stork
Engineering company Fluor has acquired Netherland’s-based manufacturing and service provider Stork B.V. for €695 million (A$1.05 billion).
The New York-listed Fluor announced its acquisition to the
Read More
Read More
Queensland’s response to Palmer’s “late” handout plea
State treasurer Curtis Pitt says the state will need access to the books of Clive Palmer’s Queensland Nickel business before it considers propping up the embattled refinery operation.
Palmer, a federal
Read More
Read More
GE boss: Australia should harness data analytics
The Australian boss of US conglomerate GE has said local companies can do more to harness software and high level data analytics to lift productivity, in an interview with Fairfax.
GE’s Industrial
Read More
Read More
Efficiency measures needed for successful Port of Melbourne sale
A committee investigating the privatisation of the Port of Melbourne says road and rail efficiencies are critical to the success of the port and its future stakeholders.
The committee report Inquiry
Read More
Read More
First Roy Hill shipment framed by slumping iron ore price
In the same week iron ore slipped below US$43 a tonne, the first shipment of iron ore has been loaded from Gina Rinehart’s Roy Hill mine in Western Australia’s Pilbara Region.
Rinehart, who according
Read More
Read More
Concerns over Queensland sugar re-regulation
A private members bill proposed in Queensland Parliament by Katter’s Australian Party would re-regulate the state’s sugar market.
Katter’s Australian Party member Shane Knuth says the bill, Sugar
Read More
Read More