The return of your money is more important than the return on your money.
Administrators recommend liquidation for Pindan Contracting business, paving way for legal action against the builder’s parent, Oxley Holdings.
Andrew Forrest, who built up an 18.51 per cent stake in Huon, had called on the Federal Government to stop the takeover, citing JBS’s ‘appalling track record on the treatment of animals’.
Oxley Holdings “aggrieved” by Pindan’s descent into administration, says $7.5m cash injection will see nearly half of small creditors paid in full.
The corporate regulator says it won’t be pursuing Alan Davies over a $14 million payment to a consultant over the Simandou iron ore project in Guinea 10 years ago.
Analysts from Macquarie Research say technical issues at the ageing NW Shelf gas project could see the older production units closed earlier than expected.
Australia isn’t closed to Chinese investment, the head of Australia’s foreign investment approval regime said, even as “warfare and international contestation” have become a new focus for the body.
The frustrated WA-based group says hard borders have been up for too long and West Australians have had ample time to get vaccinated.
Many think China will step in to manage a bailout of the Chinese property developer, but Beijing is keeping investors guessing.
Businesses could bear the brunt of escalating trade tensions between Australia and China as the relationship is expected to worsen amid the new nuclear submarine deal, experts have warned.
The locally-founded IT company says the $1.35-a-share offer is too good to reject.
The $1.9b development has now been ticked off by WA’s Environment Minister
Foreign direct investment into Australia nearly halved between 2019 and 2020, which experts largely put down to the COVID-19 pandemic.
The energy group has kicked off a project to improve gas recoveries from the huge fields feeding its Gorgon LNG project.
The mining giant has sold its one-third interest in the Cerrejón coal mine in Colombia to Glencore for $392m, with other projects set to follow.
The Norwegian group is partnering with Orica in an ammonium nitrate plant outside of Karratha that is still powering up after entering production two years late.
Canadian authorities say an $869m coal project proposed by the billionaire’s Riversdale Resources is not in the public interest.
The WA miner hopes to have the $US1.4 billion partnership finalised by June 30.
The aerospace giant has revealed a potential collaboration with WA firm Innovaero, which is exploring a $30 million sharemarket float later in 2021.
China’s stake in Australia’s largest coal export port has come under the microscope amid a fresh revelation about foreign ownership.
Private equity group Oaktree has proposed a $3 billion funding package for Crown to buy some or all of Mr Packer’s controlling stake in the casino company.
The private equity group has made it clear the $8 billion bid is dependent on Crown not being stripped of any of its casino licences.
Australis Energy is looking to sink install nearly 40 turbines off the South West coast with the aim of generating power for WA’s electricity grid from late-2026.
Moelis Australia will advise the billionaire on Blackstone Group’s $8 billion tilt at the gaming group.
© West Australian Newspapers Limited 2022