News

17 May

Farmers angry over NSW Health’s Dairy Farmers choice

A decision by the NSW Health Department to dump local dairy firm Norco for foreign-owned Dairy Farmers for a major milk supply contract has come under fire from the local farming community. NSW Health recently awarded a supply contract for 15 north coast health facilities to Dairy Farmers, which is owned by Japan’s Kirin Holdings.

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14 May

Minerals Council calls for structural reforms

The Minerals Council of Australia says the federal budget has again highlighted the importance of the resources sector to the nation’s economy and has called for structural reforms to secure long-term prosperity, including the proposed cut to the company tax rate. The 2018-19 federal budget, handed down by treasurer Scott Morrison on Tuesday night, forecasts

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09 Jan

Gupta to buy Glencore’s Tahmoor coal mine

Fresh off his company’s acquisition of the Whyalla steelworks last year, British billionaire Sanjeev Gupta will buy the Tahmoor mine off commodities giant Glencore, to supply the steelworks with coking coal. Gupta entered the public eye in Australia when he spent almost $700 million to rescue embattled steel business Arrium from bankruptcy last year, buying

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09 Jan

McGowan defends rejected Mineral Resources expansion

WA Premier Mark McGowan has defended a decision to block the expansion of Mineral Resources’ mining operation at Yilgarn, despite the miner’s announcement roughly 400 jobs will be lost. Mineral Resources, an ASX-listed miner, wants to expand its Yilgarn iron ore project via two new project areas, in a move that would add 15 years

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18 Dec

BHP looking to boost coking coal output

As the price of coking coal reaches a seven-month high of around US$236 a tonne, BHP is studying its options to potentially boost production from its Queensland assets, according to multiple reports. Healthy demand for the product, which is used in steelmaking, drove the benchmark price up 33% in November. And according to The Australian, BHP’s

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02 May

Fueling Asian LNG markets

While Asia has abundant LNG supply, the region MIFF lacks the right infrastructure and commercial arrangements to develop the necessary LNG supply” networks to sustainably meet rising demand. AG&P’s Derek Thomas explains. With the demand for cleaner and cheaper sources of power rapidly increasing across Asia, developers are seeking efficient, low cost and reliable ways

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15 Mar

Sims lays blame on governments, not just gas giants, for crisis

Australian Competition & Consumer Commission boss Rod Sims says recent events in the east coast gas market have confirmed the watchdog’s “worst fears”. Speaking at the recent Australia Domestic Gas Outlook Conference in Sydney, Sims called for new and more diverse sources of gas supply into the domestic market. Just as Australia’s gas market has

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15 Mar

Fluor wins FEED contract for potash project in East Africa

Australian potash explorer Danakali Limited has selected Fluor following a competitive bid process. In January, giant US-headquartered engineering firm Fluor Corporation was awarded a front-end engineering, design and optimization (FEED) contract by Danakali Limited in Eritrea, East Africa for the Colluli Potash Project following a competitive tendering process initiated and completed in 2016. “Fluor will

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26 Jan

K&S deal sees Aurizon intermodal volumes soar

A new, 20,000 TEU per annum deal has helped east coast rail operator Aurizon announce a 10% rise in intermodal volumes in the first half of FY17, balancing out slight declines in bulk and freight. The Brisbane-based, ASX-listed operator disclosed its December quarter above rail volumes on January 18. Coal volumes were up 5% year-on-year

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15 Dec

Iron ore surge puts Forrest up rich list

Fortescue Metals Group founder Andrew Forrest is now reportedly third on Australia’s rich list, thanks to a resurging iron ore price which has added $5 billion to his wealth. According to multiple reports, Forrest’s wealth has risen by $5 billion this year thanks to the serious improvement in the health of the iron ore market.

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