THE WEST AUSTRALIAN - BUSINESS NEWS HEADLINES
Coles may ban early bids
Wesfarmers wants assurance that $19 billioin auction will be fair as sale tension rises. Coles Group bidders may be forbidden fro putting firm offers to the takeover target for at least six weeks, amid concerns that the retailer's decision to grant a private equty consortium exclusive access to financial records has undermined the auction.
Contractors clean up with sale to Mincor
Six years after they bought the Otter Juan nickel mine near Kambalda from WMC, a quartet of Kalogoorlie mining contractors are set to share almost $70 million after selling the operation to Mincor Resources.
Huge turnover of Alint stock as hedge funds quit in frenzy
Just over 5 per cent of Alinta changed hands yesterday ina trading frenzy attributed to hdge funds quitting the stock following what appears to be a winning bid for theenergy giant from Babcock & Brown and Singapore.
THE WEST AUSTRALIAN - GENERAL NEWS HEADLINES
EPA cloud over iron ore mining
Hopes for the Mid West region to become WA's next big iron ore producer were dealt a blow yesterday when the environmental watchdog recommended mining be banned in eighbouring ranges rich in the valuable ore. (As reportes in WA Business News Daily Business Alert yesterday.)
$300m profit a day's work for Twiggy
It is one of the most spectacular stories of WA's most spectacular resources boom. Just days after the value of Andrew Forrest's Fortescue Metals Group hit $3 billion, up it went again, this time by $300 million in the space of just hours.
Gillard in another row with business
Labor industrial relations spokeswoman Julia Gillard has clashed again with big business,this time sparking a row over claims whe misinterpreteed what they said in private discussions with her about Labor's plan to abolosh the Howard Government's building industry watchdog.
