The Palaszczuk Government has rushed legislation into State Parliament to protect it from the potential of a multimillion-dollar bill in the case of a permanent shutdown at Clive Palmer’s Yabulu nickel
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1200km rail upgrade supply deal likely to go to Arrium
Malcolm Turnbull and the Australian Rail Track Corporation have announced a 600km East-West rail replacement program will be brought forward, and have positioned South Australian steelmaker Arrium to provide
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Sides agree to terms for Port of Melbourne sale
The Victorian Government and Opposition have come to terms on a deal which secures the privatisation of Australia’s biggest container port, the Port of Melbourne.
The Liberal-National Coalition of
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Palmer back at the helm of Queensland Nickel
Mining entrepreneur turned politician Clive Palmer says he’s saved the Yabulu refinery from bankruptcy, injecting $23m in cash to keep the Townsville nickel plant open.
According to the ABC,
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Iron Road, Emerald Grain to work together on joint port project
Prospective iron ore miner Iron Road and agribusiness Emerald Grain have announced a partnership which will help deliver a combined iron ore and grain railway and port operation at Cape Hardy on South
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McAleese suspends trading, ponders recapitalisation
Embattled transport group McAleese has suspended trading on the ASX this week, and deferred the release of its half-year financial statement, as the company continues to undergo a “strategic process”
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Merger on the cards for MUA, CFMEU
Maritime Union of Australia members have voted in favour of merger talks with the Construction, Forestry, Mining and Energy Union, in a move which is set to create a single, more influential union across
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FMG not concerned over Brockman’s rail access success
Fortescue Metals Group boss Nev Power isn’t worried about the repercussions of a WA Court of Appeal ruling which opens up access to FMG’s Pilbara iron ore line to prospective, Chinese-backed Brockman
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Report: Queensland Nickel needs $10m to avoid closure this week
Administrators for Townsville’s embattled refinery business Queensland Nickel have reportedly asked the state government for an emergency $10m loan to avoid closure by the end of the week.
According
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Arrium secures $1.3bn refinancing deal
Struggling steel and mining consumables manufacturer Arrium has struck a more than billion-dollar recapitalisation deal with American private equity firm Blackstone, in a move it hopes will help it manage
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