Monthly Archives: June 2015

[ad_1] Labour hire company Skilled Group has agreed to be taken over by Programmed Maintenance Services. Programmed will acquire Skilled by way of a scheme of arrangement which will see the former’s shareholders receive 0.55 Programmed shares plus $0.25 cash per Skilled share, resulting in Skilled shareholders owning 52.4% of the combined entity. The offer

[ad_1] Long time Bradken CEO and MD Brian Hodges will step down from the company in a difficult period as it fends off predators and struggles to cope with a moribund mining market. Hodges spent 18 years at Bradken, taking the company from a modest domestic foundry business to a global consumables and capital products

[ad_1] It’s all happening in the milk sector. Another big takeover is in the offing, while rich listers like Gina Rinehart and Gerry Harvey buy in. Meanwhile, a financial firm gives Australia’s dairy sector the thumbs up. Last year a ferocious takeover battle saw Canada’s Saputo eventually emerge triumphant in a $500m takeover battle with

[ad_1] In the aftermath of the sudden collapse of a Cement Australia silo at Osborne near Port Adelaide, ABHR has sought comment from academics and engineers on the causes of such events. Cement Australia’s silo, containing concrete powder, collapsed about 10 days ago. According to the ABC and Advertiser, emergency services were called to a

[ad_1] It’s been a rough old trot for Peabody Energy, the world’s largest private-sector coal company, with its share price falling from around US$72 at the peak of the mining boom to US$2.70 today. In response, the company is shedding assets and staff, and, according to the Australian Financial Review’s StreetTalk column, the US-headquartered company

[ad_1] Australia’s steelmaking champions face hard decisions. An activist investment firm is urging BlueScope to consider the unthinkable: closing its Port Kembla steelworks. Meanwhile, Arrium might be forced to sell its jewel-in-the-crown consumables business. This week Arrium announced the latest in a series of reviews and write-downs as it struggles to cope with low iron

[ad_1] It’s lawyers at nine paces as Wiggins Island Coal Export Terminal (WICET) and engineering group Monadelphous take to the courts in a bid to resolve disputes over construction contracts for parts of Queensland’s newest coal terminal. Monadelphous holds a 50% interest in MMM, an unincorporated joint venture between itself and Malaysia’s Muhibbah construction. MMM

[ad_1] It was a disappointing offshore session for iron ore with the commodity falling for the third straight session, down 3.7% to US$62.10. According to Business Spectator, iron ore for immediate delivery to the port of Tianjin in China had fallen from its previous close of US$64.50. At issue were “ongoing concerns about the strength

[ad_1] Banks and investors holding debt in off-road load and haul specialist Bis Industries are reported to be seeking to offload their debt at 85c in the dollar. According to The Australian’s DataRoom column, giant Japanese lender Mizuho called for bids for its debts at 85c in the dollar but was “met with an anaemic

[ad_1] Plastic packaging specialist Pact Group is acquiring Jalco Group, a supplier of outsourced manufacturing and filling in the non-food fast moving consumer goods (FMCG) sector. Jalco operates across six sites in NSW and comprises a number of divisions, the largest two being Homecare and Personal Care. Trailing annual sales for Jalco are approximately $165m.