LinQ Resources faces new control battle
International investment firm Laxey Partners appears to be pushing for control of Perth-based LinQ Resources Fund. Isle of Man-based Laxey, through HSBC Custody Nominees, has requested that LinQ convene a meeting of its unit holders to consider appointing The Trust Company as the fund's responsible entity.
Miners, retailers to fund anti-MRRT ads
A group representing junior- to mid-tier miners says it will recommence media advertisements targeting the federal government's planned minerals resource rent tax. The United Retail Federation and the Queensland Chamber of Commerce and Industry also plan their own advertising blitz to fight the MRRT.
CCI criticises Labor's climate policy
WA's peak business body has criticised Labor's climate change policy, which features greener standards for coal-fired power stations. The chief executive of the WA Chamber of Commerce and Industry James Pearson said climate change is one of the most significant issues to face the international community and any policy must be in the state's and the nation's best interests.
WA must act on solar: Mid West Energy
WA renewable energy development company Mid West Energy is urging the state government to act quickly following a decision by the Victorian government to support solar power projects. The Brumby government announced plans to have 5 per cent of Victoria's energy supplied from large-scale solar projects by 2020.
BHP cautious on global growth
BHP Billiton says its petroleum and iron ore divisions both achieved annual production records, with petroleum up 15 per cent in fiscal 2010. But the mining giant is still cautious on the short-term outlook of the global economy.