Author Archives: transtainer

[ad_1] 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 the thumbs up. Last year a ferocious takeover battle saw Canada’s Saputo eventually emerge triumphant in a $500m takeover battle with

[ad_1] In the aftermath of the sudden collapse of a Cement Australia silo at Osborne near Port Adelaide, ABHR has sought comment from academics and engineers on the causes of such events. Cement Australia’s silo, containing concrete powder, collapsed about 10 days ago. According to the ABC and Advertiser, emergency services were called to a

[ad_1] 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 response, the company is shedding assets and staff, and, according to the Australian Financial Review’s StreetTalk column, the US-headquartered company

[ad_1] 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 to sell its jewel-in-the-crown consumables business. This week Arrium announced the latest in a series of reviews and write-downs as it struggles to cope with low iron

[ad_1] 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 newest coal terminal. Monadelphous holds a 50% interest in MMM, an unincorporated joint venture between itself and Malaysia’s Muhibbah construction. MMM

[ad_1] 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 the port of Tianjin in China had fallen from its previous close of US$64.50. At issue were “ongoing concerns about the strength

[ad_1] 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, giant Japanese lender Mizuho called for bids for its debts at 85c in the dollar but was “met with an anaemic

[ad_1] Plastic packaging specialist Pact Group is acquiring Jalco Group, a supplier of outsourced manufacturing and filling in the non-food fast moving consumer goods (FMCG) sector. Jalco operates across six sites in NSW and comprises a number of divisions, the largest two being Homecare and Personal Care. Trailing annual sales for Jalco are approximately $165m.

[ad_1] Andrew Forrest has renewed his campaign for an inquiry into Australian iron ore production, as Chinese bidders line up for a share of his mining business, Fortescue Metals Group. The Fortescue founder and chairman wrote a lengthy opinion piece in The Australian this morning, after his calls for a Parliamentary Inquiry into the iron

[ad_1] While headlines point to a potential bigger dividend from Aurizon in coming months, the rail operator has cancelled enterprise agreements with roughly 3500 workers. The Queensland-based operator is in the middle of a prolonged bargaining saga with a number of unions. 12 expired agreements are still in dispute. Under the Fair Work Act, expired