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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CBH Group rejects float proposal, will review structure
The board of CBH Group has rejected a bid to list the business on the ASX, believing the GrainCorp-supported float proposal would “destroy value” for its growers and their network.
CBH has been reviewing
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Queensland announces Infrastructure Plan, rail funding
$95 million has been committed to the North Coast Line Capacity Improvement Project as part of the Queensland Government’s half-billion-dollar State Infrastructure Fund, released along with a new State
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Moody’s downgrades FMG rating, Russian billionaire sells shares
Russian billionaire Viktor Rashnikov is thought to have sold just under a fifth of his roughly 5% stake in Fortescue Metals Group, while credit agency Moody’s has downgraded the miner’s rating.
The
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Asciano to be split by Qube, Brookfield consortia
Asciano’s port and rail businesses will be separated under a takeover deal reached on Tuesday between former rival bidders Brookfield Infrastructure and Qube Holdings.
At $9.28 a share, the newly-announced
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PN boss: Roads will win if Inland Rail isn’t built
Pacific National director David Irwin has predicted a gloomy future for rail freight in Australia if the Inland Rail project is not built.
Speaking at the Australian Logistics Council Forum 2016 held at
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Flurry of minor projects for Inland Rail
The Australian Rail Track Corporation (ARTC) has in recent weeks awarded several contracts to progress planning on the Inland Rail project.
A total of more than $11 million in contracts has been handed
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Iron ore makes historic bounce, but will it last?
Analysts are doubting the long-term significance of a 19% rise in the price of iron ore on Monday, which boosted Australia’s iron ore majors on the stock exchange.
The spot price for 62% Fe benchmark
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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 looks to seize back control of Queensland Nickel
Politician and nickel magnate Clive Palmer has launched an effort to regain control of the Yabulu refinery near Townsville, but administrator FTI Consulting is still responsible for settling the company’s
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