28/05/2008 - 06:49

Today's Business Headlines

28/05/2008 - 06:49

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China visit in spotlight after Mid-West merger; Rudd on back foot in fuel row; Investors support new look for E&T; Rio, Alcoa get more time on big Kimberley bauxite project; QGC ingnites over interstate prices

Today's Business Headlines

China visit in spotlight after Mid-West merger
WA Planning and Infrastructure Minister Alannah MacTiernan is expected to come under pressure from China's steel industry to ensure strategic access to the Mid-West's untapped iron ore resources when she addresses a high-profile infrastructure seminar in Beijing on Friday. The West

Rudd on back foot in fuel row
The Rudd government's diminishing control over the petrol issue has been dealt a further blow, by a leak exposing internal criticism on its central election promise on fuel prices. The Fin Review

Investors support new look for E&T
Evans & Tate will return to the sharemarket next month with a new name, new board and a new direction after shareholders yesterday backed a recapitalisation and restructure which will see the failed group rebuilt as a wine distributor. The West

Rio, Alcoa get more time on big Kimberley bauxite project
Rio Tinto and Alcoa have been granted a three-year extension by the WA Government to come up wih a development plan for their Mitchell Plateau bauxite project in the Kimberley. The West

QGC ingnites over interstate prices
Queensland Gas Company, which is already cooking up plans with BG Group to export liquefied natural gas, plans to use more coal seam methane to fire a baseload power station in the NSW Hunter Valley and profit on trading the difference between interstate electricity and gas prices. The Australian


THE WEST AUSTRALIAN

Partners in the North-West Shelf Venture will get an opportunity to air their grievances over the Rudd Government $2.5 billion decision to end a 24-year excise exemption on light crude after the Opposition confirmed it would set up an inquiry to examine the move.

Business: WA Planning and Infrastructure Minister Alannah MacTiernan is expected to come under pressure from China's steel industry to ensure strategic access to the Mid-West's untapped iron ore resources when she addresses a high-profile infrastructure seminar in Beijing on Friday.

Six months ago Alan Brierty said he wanted to see his namesake mining and civil construction company trading at $2 a share by the first anniversary of its stockmarket listing in December, but he may be forced to wait a lot longer.

Evans & Tate will return to the sharemarket next month with a new name, new board and a new direction after shareholders yesterday backed a recapitalisation and restructure which will see the failed group rebuilt as a wine distributor.

Rio Tinto and Alcoa have been granted a three-year extension by the WA Government to come up wih a development plan for their Mitchell Plateau bauxite project in the Kimberley.


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