Category Archives: News

[ad_1] Chinese buyers are looking to snap up a bargain in the Australian iron ore market, with embattled juniors reportedly the target of a growing investment trend. Minter Ellison WA managing partner Adam Handley reportedly told the AFR this week that Chinese bidders were circling a number of iron ore juniors, looking to take advantage

[ad_1] COMMENT: Last week’s release of the Infrastructure Australia (IA) Audit saw “congestion” and “traffic chaos” splashed across the front pages of the nation’s newspapers. This was a good thing, Aurizon chief executive Lance Hockridge writes. Traffic congestion resonates with readers, it gets us talking about the daily grind on our roads and how it

[ad_1] Bonfiglioli has appointed CBC Australia as a national distribution partner in what it says is a major expansion in distribution of its industrial motors and drives. CBC distributes bearings, power transmission and engineered solutions. It has over 450 staff in 60 locations, and boasts more than 100 channel partners. Bonfiglioli boss Malcolm Lewis says

[ad_1] Gear and drive manufacturer SEW Eurodrive will show off two of its new product ranges at Asia-Pacific’s International Mining exhibition (AIMEX) in September. The manufacturer’s P-X Series is designed to give customers the ‘best of both worlds’, by combining the advantages of the planetary gear units and the X Series bevel-helical gear units. Thanks

[ad_1] Fortescue chairman Andrew Forrest will reportedly seek an iron ore inquiry from the WA government, after his campaign for a federal probe was shouted down by competitors and many market analysts. According to several reports, ‘Twiggy’ Forrest will look to win over the state’s Economics and Industry Standing Committee, in order to push an

[ad_1] BHP Billiton shareholders gifted stock in South32, the demerged entity containing assets deemed non-essential by the Big Australian, will have been disappointed by a rather pedestrian start to trading in the company’s shares. South32 listed on the ASX on May 18th at $2.13. The de-merged entity contains assets that don’t fall within BHP Billiton’s

[ad_1] According to the AFR’s StreetTalk column, potential bidders for the Port of Darwin have been absorbing the contents of a 220-page information memorandum and have until June 29 to submit first round bids. Sale documents indicate that the NT Government is not running a traditional auction where the best heeled bidder with the cheapest

[ad_1] Iron ore is up for six straight days to US$64/t. However, one financial firm sees longer term gloom and more mine closures, while another sees a rally to US$80 by year’s end. In a report this week, Goldman Sachs says that it expects the iron ore price rally, which has seen prices lift around

[ad_1] A little of the gloss came off market darling Qube last week when the logistics business announced tough trading conditions for one of its key divisions. After trading at up to $2.76 per share last week, Qube shares sank under $2.50 after investors absorbed the gloomy contents of the trading update. The latter was

[ad_1] Tim Poole, who succeeds John Prescott as chairman of rail giant Aurizon in September, faces a major decision on whether to cancel, postpone or proceed with the company’s ambitious and expensive Pilbara expansion plans. Aurizon holds an exclusive contract to develop a railway for the West Pilbara Iron Ore Project, after it joined forces