News

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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11 Dec

Fluor buys Stork

[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

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11 Dec

Brookfield to reason with competition authority

[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

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10 Dec

Fonterra to grow Victorian business

[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

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10 Dec

Iron ore drops below US$39/t

[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

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