News

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

Read More
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

Read More
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

Read More
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

Read More
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.

Read More
30 Nov

FMG launches first ore carrier

Fortescue Metals Group chairman Andrew Forrest has named the first of the miner’s new very large ore carriers (VLOCs) after his wife, Nicola. The FMG Nicola was christened at a shipyard in China this week, with Fortescure chief executive Nev Power saying the formal launch of the first vessel was the culmination of a lot

Read More
31 Oct

Multi-million-dollar cut for Bega’s baby formula venture

Shareholders have reacted badly to dairy producer Bega’s decision to write down the value of its infant formula joint venture with Blackmores by $5 million to $7 million, as a result of soft demand from the crucial Chinese consumer market. Bega chairman Barry Irvin announced the company would take the provision to its share of

Read More
19 Oct

BHP maintains guidance as Grylls pushes WA tax

Mining major BHP Billiton has preserved its guidance across all major sectors for FY17, after it announced stable iron ore and coal figures in the September quarter. BHP on October 19 announced a 15% decline in petroleum production, and a 6% decline in copper, but a 0% shift in iron ore, a 1% growth in

Read More
17 Oct

Rise in throughput at Pilbara Ports

Pilbara Ports Authority says it has delivered total monthly throughput of 56.3 million tonnes for the month of September, up 3% from the same month last year. PPA is the authority responsible for a number of ports in WA’s north-west, chiefly the massive iron ore ports of Port Hedland and Dampier. Port Hedland achieved a

Read More
17 Oct

ACCC probes duopoly risk in Glencore Rail sale

Australia’s competition watchdog has raised concerns over the potential impact of Pacific National or Aurizon buying the Hunter Valley rail business of mining giant Glencore. Global commodities giant Glencore is selling its Hunter rail operations business, GRail, as part of consolidation and debt reduction efforts. Pacific National and Aurizon – the two biggest bulk haulage

Read More
Page 1 of 712345...Last »