Monthly Archives: June 2015

[ad_1] Andrew Forrest has renewed his campaign for an inquiry into Australian iron ore production, as Chinese bidders line up for a share of his mining business, Fortescue Metals Group. The Fortescue founder and chairman wrote a lengthy opinion piece in The Australian this morning, after his calls for a Parliamentary Inquiry into the iron

[ad_1] While headlines point to a potential bigger dividend from Aurizon in coming months, the rail operator has cancelled enterprise agreements with roughly 3500 workers. The Queensland-based operator is in the middle of a prolonged bargaining saga with a number of unions. 12 expired agreements are still in dispute. Under the Fair Work Act, expired

[ad_1] BHP Billiton’s petroleum and potash chief Tim Cutt has reportedly told The Australian the mining giant will stick to plans for the Jansen project in Canada’s Saskatchewan potash basin, despite the project’s long lead-time. Cutt reportedly told the NewsCorp paper that the $19.2bn project was one of 2003-2007 chief executive Chip Goodyear’s better investments,

[ad_1] The Federal Court has heard how two members of the Obeid family and a trio of mining executives allegedly rigged the tender process for two Hunter Valley coal tenements in 2009. Claims made by the ACCC allege cartel conduct between Moses and Paul Obeid, sons of disgraced former MP Eddie Obeid, and three executives

[ad_1] Consulting and services firm WorleyParsons has announced a strategy to change its business model in the wake of slumping commodity markets. The company told an investor day late last week that it would focus on five strategic themes going forward: to build a world class consulting business and “dominate the early project phases”; to

[ad_1] Chinese buyers are looking to snap up a bargain in the Australian iron ore market, with embattled juniors reportedly the target of a growing investment trend. Minter Ellison WA managing partner Adam Handley reportedly told the AFR this week that Chinese bidders were circling a number of iron ore juniors, looking to take advantage

[ad_1] COMMENT: Last week’s release of the Infrastructure Australia (IA) Audit saw “congestion” and “traffic chaos” splashed across the front pages of the nation’s newspapers. This was a good thing, Aurizon chief executive Lance Hockridge writes. Traffic congestion resonates with readers, it gets us talking about the daily grind on our roads and how it

[ad_1] Bonfiglioli has appointed CBC Australia as a national distribution partner in what it says is a major expansion in distribution of its industrial motors and drives. CBC distributes bearings, power transmission and engineered solutions. It has over 450 staff in 60 locations, and boasts more than 100 channel partners. Bonfiglioli boss Malcolm Lewis says

[ad_1] Gear and drive manufacturer SEW Eurodrive will show off two of its new product ranges at Asia-Pacific’s International Mining exhibition (AIMEX) in September. The manufacturer’s P-X Series is designed to give customers the ‘best of both worlds’, by combining the advantages of the planetary gear units and the X Series bevel-helical gear units. Thanks

[ad_1] Fortescue chairman Andrew Forrest will reportedly seek an iron ore inquiry from the WA government, after his campaign for a federal probe was shouted down by competitors and many market analysts. According to several reports, ‘Twiggy’ Forrest will look to win over the state’s Economics and Industry Standing Committee, in order to push an