[ad_1] Fluor’s Sibur Polymer & Polypropylene Production Complex. Photo: Fluor Engineering company Fluor has acquired Netherland’s-based manufacturing and service provider Stork B.V. for €695 million (A$1.05 billion). The New York-listed Fluor announced its acquisition to the market on December 7, 2015. “The acquisition of Stork is consistent with Fluor’s goal to further enhance our integrated
Read More[ad_1] Asciano CEO John Mullen and Brookfield Infrastructure CEO Sam Pollock shaking hands earlier this year over the proposed acquisition. Photo: Danielle Shaw Oliver Probert – Sydney December 9, 2015 Aspiring Asciano bidder Brookfield Infrastructure will approach the Australian Competition and Consumer Commission with a fresh set of compromises, in an attempt to win regulatory
Read More[ad_1] New Zealand-based dairy business Fonterra will invest $120 million in its cheese manufacturing facility in regional Victoria, creating 30 more jobs at the site. Fonterra Australia will invest NZ$141 million in building a state-of-the-art cheese plant at its Stanhope factory. The new facility will replace the existing plant, which was destroyed by fire in
Read More[ad_1] Iron ore stockpiles at Port Hedland. Photo: BHP Billiton Oliver Probert – Sydney December 9, 2015 The iron ore market decline has continued this week, with the spot price for 62% Fe iron ore quoted as low as US$38.80 a tonne this morning. Sustained market oversupply coupled with a slowdown in demand has led
Read More[ad_1] Iron ore stockpiles at Port Hedland. Photo: BHP Billiton The iron ore market decline has continued this week, with the spot price for 62% Fe iron ore quoted as low as US$38.80 a tonne this morning. Sustained market oversupply coupled with a slowdown in demand has led to an iron ore price at the
Read More[ad_1] The battle between Qube and Brookfield over all or part of major port and rail operator Asciano could trigger a renewed focus from the government on the sale of track owner the Australian Rail Track Corporation, a Fairfax report suggests. The AFR’s Street Talk column on Friday reported the Department of Finance could soon
Read More[ad_1] An iron ore price in the US$30s could send some of Australia’s second tier iron ore producers to the wall. A respected economics forecaster predicts that iron ore will slip below US$40/tonne by the end of 2015, and will trade in the US$30s in 2016. While the price is now at US$44.20/tonne, revisiting July
Read More[ad_1] Nathan Tinkler says Australia is still in a good position in the coal sector, relative to its competition. Photo: WICET Oliver Probert – Sydney December 2, 2015 Mining entrepreneur Nathan Tinkler has remained upbeat on the future of coal at his first annual presentation at ASX junior Australian Pacific Coal on Monday. Tinkler, who
Read More[ad_1] The NSW Planning Assessment Commission found the land use needs of the horse studs and the mine were not compatible. Photo: Ingram Publishing 500 jobs will go at Anglo American’s Drayton coal mine after the NSW Planning Assessment Commission (PAC) rejected a plan to expand the mine last week. Anglo American’s Drayton mine will
Read More[ad_1] LafargeHolcim is the world’s largest producer of cement. Photo: Beumer Oliver Probert – Sydney December 2, 2015 The world’s largest cement producer LafargeHolcim has reportedly told staff its Australian and New Zealand operations are not currently on the selling block. An email obtained by Fairfax, reportedly sent to staff on Monday by Holcim Australia
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