20/11/2007 - 06:44

Today's Business Headlines

20/11/2007 - 06:44

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Doubts Mid-West ore miners can deliver; Taiwan giant locks into gas deal; Stokes lifts stake in WANH to 19.4%; Shareholders seek end to BHP-Rio stand-off; Kiernan draws Olympia into grand plan.

Today's Business Headlines

Doubts Mid-West ore miners can deliver
The iron ore ambitions of Murchison Metals and its takeover target, Midwest Corp, have taken a battering after an independent expert found neither company's Mid-West flagship project was likely to deliver on its much hyped forecasts. The West

Taiwan giant locks into gas deal
A long-term LNG export contract between Woodside and Taiwan's huge CPC Corporation could add up to $45 billion. The Australian

Stokes lifts stake in WANH to 19.4%
Kerry Stokes's Seven Network has lifted its stake in West Australian Newspaper holdings from 17.3 per cent to 19.4 per cent just as it pushes to get two seats on the board of WA's biggest media company. The West

Shareholders seek end to BHP-Rio stand-off
Mining ginats BHP Billiton and Rio Tinto continue to shadow box, leaving their shareholders looking for a circuit breaker to the stand-off. The Australian

Kiernan draws Olympia into grand plan
Mining mogul Michael Kiernan said yesterday he would eventually like to see mineral sands group Matilda Minerals and Olympia Resources combined as a division of his flagship company Territory Resources. The West

 

THE WEST AUSTRALIAN
Page 1: Len Buckeridge's controversial airport brickworks site is shaping up as an industrial flashpoint in the final days of the federal election campaign after the billionaire builder yesterday locked out of officials from the militant construction union he claimed were jumping the gun on a labor victory.

The driving force behind the controversial Smiths Beach development, David McKenzie, is the third person to face criminal charges in the fallout from a Corruption and Crime Commission investigation into the multimillion dollar tourism and residential project.

Woodside Petroleum has underscored the strength of WA's resources boom by announcing its second huge gas deal inside two months.

Business: The iron ore ambitions of Murchison Metals and its takeover target, Midwest Corp, have taken a battering after an independent expert found neither company's Mid-West flagship project was likely to deliver on its much hyped forecasts.

Mining mogul Michael Kiernan said yesterday he would eventually like to see mineral sands group Matilda Minerals and Olympia Resources combined as a division of his flagship company Territory Resources.

Kerry Stokes's Seven Network has lifted its stake in West Australian Newspaper holdings from 17.3 per cent to 19.4 per cent just as it pushes to get two seats on the board of WA's biggest media company.

The WA Wheatbelt is poised to become home to one of the world's biggest single almond orchards as early as next year if the developers are successful in getting a water license soon.

Coles investors have given another vote of confidence in new owner Wesfarmers by opting in big numbers to forsake some of the cash they were offered for the business in favour of more Wesfarmers shares.

THE AUSTRALIAN FINANCIAL REVIEW

Page 1: The coalition has ramped up the attack on Labor's economic credentials as Prime Minister John Howard says Peter Costello would be elected unopposed as leader of the coalition when he steps aside. Former ACTU secretary Greg Combet has declared union rights a thing of the past and says Labor's industrial relations policy is based on individual rights. NAB has been stung by a $22.7-million visa scam.

Page 3: Qantas has refused to be drawn on claims it is organising a crew of strike breakers in the event pay negotiations with flight attendants break down.

World: (New York) OPEC has blamed weakness in the US dollar for high oil prices.

Market: Gains among commodity stocks and financial shares helped the market withstand weakness around the region.



THE AUSTRALIAN:

Page 1: John Howard has warned Australians they risk electing a Labor-Greens alliance that would conduct radical experiments with their values and institutions. Labor goes into the final days of the election campaign with a clear winning lead. The coalition has won a bid to suppress secret Work Choices documents. Queensland's former chief health officer, Gerry FitzGerald, faces disciplinary action for his role in the Dr Death scandal.

Page 2: Corrosion in steel reinforcements is under investigation as a possible cause of the Ballarat goldmine rockfall that trapped 27 workers.

Page 3: Four members of the Iraqi Olympic soccer squad have disappeared in Sydney in an apparent bid to seek asylum in Australia.

Business: A long-term LNG export contract between Woodside and Taiwan's huge CPC Corporation could add up to $45 billion.



STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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