Monthly Archives: July 2015

[ad_1] 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 years ago and has US$5.6bn in financial commitments from his backers burning a hole in his pocket. Speculation

[ad_1] 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 sales abound with older homes and units faring worst. In an example of the downturn, the paper cited a property on a 928

[ad_1] As BHP Billiton re-jigs management responsibility for its Jansen potash project in Canada, arch competitor Potash Corp of Canada is proposing to buy a German rival. Despite sinking US$3.6bn into its under-construction Jansen project in Saskatchewan, Canada, BHP Billiton still hasn’t decided whether the fertiliser product will form its 5th pillar. Back in 2010,

[ad_1] 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 to Canada’s Brookfield Asset Management about the asset manager taking a stake in the Patrick container ports business. The AFR also said that Asciano

[ad_1] Last week, ABHR looked at Cement Australia’s collapsed silo at Osborne near Port Adelaide. Two other cement silo collapses this year have had far deadlier results. Plus, more expert commentary on why silos fail. Bar a beetroot red face from embarrassment, Cement Australia got away lightly from its Port Adelaide silo collapse. While the