09/04/2008 - 06:53

Today's Business Headlines

09/04/2008 - 06:53

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Chevron chokes on $1.3b Pluto plant fee; China chasing stake in BHP; Moly Mines lets $100m contract for project; Palandri chief joins Chinese rescue bid; Rudd plan for infrastructure fund

Today's Business Headlines

Chevron chokes on $1.3b Pluto plant fee
Chevron has baulked at playing Woodside Petroleum $1.3 billion for the right to develop the Wheatstone gasfield using its rival Pluto facilities in WA's North-West. The West

China chasing stake in BHP
Prime Minister Kevin Rudd arrives in Beijing today amid revelations that China is preparing to buy a multi-billion dollar stake in BHP Billiton.

Moly Mines lets $100m contract for project
Moly Mines' push to develop Australia's first major molybdenum mine in the Pilbara picked up steam yesterday, with the company awarding a $100 million construction contract to WorleyParsons and declaring it was confident of securing debt financing for the Spinifex Ridge project by the middle of the year. The West

Palandri chief joins Chinese rescue bid
Palandri chief Darrel Jarvis is part of a Chinese-funded consortium planning a restructure of the failed group, which has snared up to 2500 creditors and investors in its web of wine and financing schemes. The West

Rudd plan for infrastructure fund
The federal government is understood to be preparing to unveil an innovative plan in the May budget to invest likely future surpluses to boost Australia's infrastructure. The Australian

 

THE WEST AUSTRALIAN
Business: Chevron has baulked at playing Woodside Petroleum $1.3 billion for the right to develop the Wheatstone gasfield using its rival Pluto facilities in WA's North-West.

Palandri chief Darrel Jarvis is part of a Chinese-funded consortium planning a restructure of the failed group, which has snared up to 2500 creditors and investors in its web of wine and financing schemes.

ABC Learning Centres has cut its forecasts for this financial year as talks over the sale of part of its US business continue.

Australia is "underweight" in its share of the liquefied natural gas supply market given the size of its gas resources and rising demand for the fuel, according to prminent UK consultancy Wood Mackenzie.

Moly Mines' push to develop Australia's first major molybdenum mine in the Pilbara picked up steam yesterday, with the company awarding a $100 million construction contract to WorleyParsons and declaring it was confident of securing debt financing for the Spinifex Ridge project by the middle of the year.


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