News

17 Feb

Anglo looks to exit Australian coal

[ad_1] Anglo American has been a significant player in the Austrlaian coal mining sector. Photo: Shutterstock Mining multinational Anglo American could sell all of its Australian coal mines as part of a US$3bn-US$4bn asset offload process, the company announced this week. Anglo American chief executive Mark Cutifani on Tuesday said the company’s asset moves would

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11 Feb

Frustrated Brookfield preparing all-cash bid

[ad_1] Brookfield looks to be readying a higher, all-cash offer for Australian port and rail firm Asciano, after takeover rival Qube earned the support of Asciano’s board by upping its own offer this week. Brookfield Infrastructure Group chief executive Sam Pollock expressed his frustration to Asciano chairman Malcolm Broomhead on Sunday, February 7, over Qube’s

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11 Feb

Haver & Boecker Australia broadens product line

[ad_1] Haver Roto Classic bag filling machine. Photo: Haver Charles Macdonald – Sydney February 10, 2016 Haver & Boecker Australia, also trading as Haver Australia, is expanding its product range from a focus on the minerals processing market to more diversified processing, storing, mixing, packing, filling, palletising and loading. According to Haver & Boecker Australia

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10 Feb

Robb faces criticism over Queensland sugar regulation

[ad_1] Major sugar businesses aren’t happy with Queensland’s new regulation. Photo: Shutterstock Australian trade minister Andrew Robb has reportedly faced criticism during a visit to Singapore over the passage of legislation through Queensland Parliament which effectively re-regulates the state’s sugar industry. Major Singapore-based business Wilmar, which has invested roughly $2.5bn into its Queensland businesses, gave

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10 Feb

Rio Tinto could cut dividend

[ad_1] A week after it was suggested BHP Billiton may change its policy of maintaining high dividends despite a slumping market, rival Rio Tinto is reportedly set to make the same move in its annual results announcement. Rio will announce its full-year results on Thursday this week. Investors are reportedly expecting the miner to announce

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10 Feb

Rumoured figure for Arrium grinding business lower than expected

[ad_1] The iron ore sector has been savaged by the commodity slump. Oliver Probert – Sydney February 10, 2016 The offer being reportedly mulled by Australian mining and consumables business Arrium is not significant enough to solve the company’s debt woes. The AFR’s StreetTalk column this week suggested the sale of Arrium’s Moly-Cop subsidiary, which

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10 Feb

Long-term losses challenge Queensland Nickel recovery

[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) Any party looking to revive Clive Palmer’s embattled refinery business Queensland Nickel will have to eat cash losses until at least 2017, the company’s administrator has

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10 Feb

Tinkler out as APC boss after bankruptcy ruling

[ad_1] Fallen coal magnate Nathan Tinkler has resigned as managing director and chief executive officer of Australian Pacific Coal, after a Federal Court judge declared him bankrupt. Federal Court Justice Jacqueline Gleeson on Tuesday ordered a sequestration order be made against Tinkler’s estate, over money allegedly owed by the former Hunter Valley mining apprentice to

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04 Feb

RST launches low dosage dust product

[ad_1] David Handel of RST. Photo: RST Dust suppressing chemicals producer Reynolds Soil Technologies has launched a new low dosage dust solution, called Infiltrator DEM, aimed at achieving dust extinction moisture levels (DEM) faster in bulk earthworks applications. According to RST, Infiltrator DEM is suitable for use in all substrate, stockpile and dig faces materials.

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04 Feb

Reports place Cerberus as Arrium suitor

[ad_1] Arrium operates in the mining and mining consumables manufacturing sectors. Oliver Probert – Sydney February 3, 2016 US private equity firm Cerberus Capital Management is rumoured to be the front-runner to acquire all or part of Australian mining and consumables business Arrium, while the embattled miner looks to restructure or sell its grinding media

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