NT sets eyes on WA business
The Northern Territory government has launched a concerted campaign to poach business from Western Australia and rival Perth as a regional oil and gas capital. Describing WA and Perth as "yesterday's hero and a road to nowhere", NT chief minister Paul Henderson said Darwin was the logical location for companies looking to develop oil and gas resources off the northern coast.
Rewards calls in administrators
The ailing agricultural managed investment sector has claimed another victim with private Western Australian player Rewards Group falling into administration. It is understood that jittery global markets undermined efforts by Rewards to raise capital and distance itself from the precarious MIS sector.
Griffin's Worsley contract in doubt
Up to half of the 500-strong workforce at collapsed Griffin Coal is reportedly at risk of losing their jobs next month as customer Worsley Alumina talks to Wesfarmers' Premier Coal about switching its coal supply.
Premier digs in on super profits tax
Around a quarter of planned resource projects in Western Australia will be canned if the federal government pushes ahead with its 40 per cent resources super profit tax, Premier Colin Barnett says.
CITIC reveals $933m cost blowout
Hong Kong-based CITIC Pacific has revealed an $US835 million cost blowout at its Sino Iron project in the Pilbara due to changes in the cost structure of the industry.