Monthly Archives: December 2015

16 Dec

GrainCorp to spend $30m on Canadian JV

[ad_1] Photo: Shutterstock. Agribusiness GrainCorp has established a joint venture with Japan’s Zen-Noh Grain to operate grain receival sites in Canada. The 50/50 joint venture, announced on December 14, will be based in Calgary, Canada, and plans to operate grain receival sites across Alberta and Saskatchewan. GrainCorp says the sites will be part of a

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16 Dec

Qatar fund keen on Asciano, too

[ad_1] Pacific National crane at Chullora. Photo: Cameron Boggs The race for Australian logistics firm Asciano has gained a new player, with the US$250bn sovereign wealth fund of Qatar reportedly in discussions with Brookfield to potentially support the Canada/Bermuda-based fund’s bid. Brookfield, the original group to approach Asciano in June, is said to be in talks with

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16 Dec

Boost for Adani mine in Qld Land Court

[ad_1] Abbot Point in Queensland will be the export site for the proposed mine. A Queensland court has recommended the state approve Indian giant Adani’s proposed $16.5bn Carmichael coal mine, rejecting claims by environmental groups the mine would be unprofitable and would not find the finance it needs to go ahead. Land Court president Carmel

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16 Dec

Iron ore miners stifled by free market mechanics

[ad_1] Ship loading iron ore at Port Hedland. Photo: Fortescue Metals Group With the majors holding a bigger slice of the market than ever, and prices at ten-year lows, the iron ore sector has found itself between a rock and a hard place. The price of iron ore is making itself comfortable below the US$40

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12 Dec

Concerns over Queensland sugar re-regulation

[ad_1] Katter’s Australian Party member Shane Knuth is pushing for re-regulation of the Queensland sugar sector. Photo: Shutterstock 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 Industry (Real Choice in Marketing) Amendment Bill 2015, will

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12 Dec

Gary James seeks patents for belt conveyor

[ad_1] One of Australia’s most experienced conveyor engineers has applied for patents for an innovative belt conveyor and formed a new company called Down Under Belt Conveyors. According to Mr James, the new belt conveyor uses standard belting and has the return belt above the carry belt. The carry idlers are directly fixed to the

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12 Dec

First Roy Hill shipment framed by slumping iron ore price

[ad_1] First Roy Hill iron ore ship the MV Anangel Explorer being loaded at Port Hedland. Photo: Roy Hill 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 to Forbes

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11 Dec

Efficiency measures needed for successful Port of Melbourne sale

[ad_1] 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 into the proposed lease of the Port of Melbourne was presented to the state’s Parliament on Tuesday. Two key issues raised concerned enhancing

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11 Dec

GE boss: Australia should harness data analytics

[ad_1] Several Australian industries, including mining, could benefit from big data analysis. Photo: BHP Billiton 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 Internet program aims to use big data –

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11 Dec

Queensland’s response to Palmer’s “late” handout plea

[ad_1] A nickel ore ship at Townsville, where (inset) Clive Palmer’s Yabulu refinery processes it. Photo: Chris Mackey / Southern Cross Maritime. (Inset: Creative Commons / Benjamin J Macdonald) 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

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