BHP Billiton Approves US$367 Million Investment in Newcastle
Mining giant BHP Billiton has approved an investment of US$367 million (BHP Billiton share) for the third stage of development of the Newcastle Coal Infrastructure Group’s (NCIG) coal handling facility in Newcastle, Australia aimed at increasing total capacity at the coal terminal to 66 million tonnes per annum.
Chevron Australia Gets Environmental Nod for Wheatstone LNG Project
Chevron Australia Pty Ltd announced that it received environmental approval of its Wheatstone LNG Project from the Western Australian Minister for the Environment and is now waiting for approval from the Federal Government.
Queensland Has Power Generation Deficit, Needs New Investments
The Australian Energy Market Operator (AEMO) said Queensland will need additional investments for its power generation sector to meet the expected deficit by 2013 to 2014.
Suzlon Energy Targets new 600-MW Solar Project in S. Australia
Suzlon Energy Australia has announced plans to invest $1.3 billion to put up a 600 megawatt wind project on the Yorke Peninsula, according to
Premier Mike Rann.
Melbourne Takes Title of World's Most Livable City
Melbourne is now the most liveable city in the world, replacing Vancouver, according to the Economic Intelligence Unit's latest report.
Samsung Readies Cross Claim Against Apple in Australia
Samsung of Korea has agreed to delay the launch of its GalaxyTab 10.1 in Australia pending the resolution of the patent dispute. Samsung, however, said it will file a cross claim against Apple in the next few days
Tiger Airways Appoints Chin Yau Seng as New CEO Effective November 1, Replacing Tony Davis
The board of Tiger Airways has appointed a new boss, Chin Yau Seng, former CEO of Silk Air to replace Tony Davis as CEO who is set to leave the company on November 1.
Metcash, Free to Acquire Franklins
The Federal Court's dismissal of an application by the Australian Competition and Consumer Commission (ACCC) has enabled Metcash to proceed with its acquisition of the Franklins chain of supermarkets from Pick ‘n Pay.
Business Failure up 25 Percent in Second Quarter - Dun & Bradstreet
Dun & Bradstreet reports that business failures reached nearly 3,000 in June quarter and if the trend continues, the number of insolvencies this year may reach more than 10,000 surpassing last year's figures
GPT Group lines up a total of $3.3 billion worth of projects
The GPT Group has programmed total investments of $3.3 billion aimed at strengthening the company's business.
Marketing Outlook: Caltex Australia Bullish for Second Half Prospects
Leading oil refiner Caltex Australia Ltd.'s marketing outlook remains positive in the second half after marketing delivered strong results in the first half with total fuel volumes up 4.3 percent year-on-year.
