Patrick ports and Pacific National rail haul parent Asciano has confirmed press rumours of a takeover bid.
The Australian Financial Review’s StreetTalk column this morning said that Asciano was talking
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Builder of Xstrata eyes Rio’s Hunter coal assets
Mick Davis, who grew Xstrata from a $500m stripling in 2001 to a $46bn behemoth by 2013, is looking to buy Rio Tinto’s Hunter Valley thermal coal mines.
Mick Davis formed private equity vehicle X2 two
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Port Hedland housing dead
Mortgage re-possessions are in full swing in Port Hedland as the mining boom moves from the construction to production phases.
According to an article in the Australian Financial Review (AFR), distressed
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Milk sector on the boil
It’s all happening in the milk sector. Another big takeover is in the offing, while rich listers like Gina Rinehart and Gerry Harvey buy in. Meanwhile, a financial firm gives Australia’s dairy sector
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Peabody assets on the block in Australia
It’s been a rough old trot for Peabody Energy, the world’s largest private-sector coal company, with its share price falling from around US$72 at the peak of the mining boom to US$2.70 today.
In
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Programmed gets Skilled
Labour hire company Skilled Group has agreed to be taken over by Programmed Maintenance Services.
Programmed will acquire Skilled by way of a scheme of arrangement which will see the former’s shareholders
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Selling the family silver: Arrium and BlueScope mull options
Australia’s steelmaking champions face hard decisions. An activist investment firm is urging BlueScope to consider the unthinkable: closing its Port Kembla steelworks. Meanwhile, Arrium might be forced
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Monadelphous and WICET go head to head
It’s lawyers at nine paces as Wiggins Island Coal Export Terminal (WICET) and engineering group Monadelphous take to the courts in a bid to resolve disputes over construction contracts for parts of Queensland’s
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Is iron ore’s price upturn reversing?
It was a disappointing offshore session for iron ore with the commodity falling for the third straight session, down 3.7% to US$62.10.
According to Business Spectator, iron ore for immediate delivery to
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Not much appetite for Bis Industries’ debt
Banks and investors holding debt in off-road load and haul specialist Bis Industries are reported to be seeking to offload their debt at 85c in the dollar.
According to The Australian’s DataRoom column,
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