The Derby Fertilizers and Petrochemical Complex wants to be in production before Vikas Rambal’s proposed $4.5b plant in Karratha.
Two key mining figures have called for the Federal Government to be more open and transparent on Chinese investment in Australian resources to help mend the broken relationship.
The measure is part of the Government’s JobMaker plan to drive investment, create jobs and further support the economic recovery from COVID-19.
The City of Perth is positioning itself to become a key destination for Indonesian foreign investment by partnering with WA’s favourite holiday destination.
Foreign veto laws should be expanded to include hospitals, ‘to mitigate risks with foreign partners where unethical practices ... may be occurring’ a parliamentary committee report has stated.
Experts expect local investment to fall further in the future as the Federal Government moves to a “more cautious and restrictive” regime.
More than 32,000 jobs could be created in the mining sector within five years if the Federal Government cuts red tape and corporate taxes, and makes foreign investment conditions more amenable.
Leading WA mining identities have slammed Queensland billionaire Clive Palmer’s attempt to sue the State for $30 billion in damages to his mining interests, claiming it’s all a show for the court.
Caitlyn Rintoul and Jenna Clarke
The joint venture, which will allow Sheffield to fully fund the $478m Thunderbird project, is subject to approval by a Federal watchdog that has recently knocked backs similar deals.
The company has announced a joint venture that involves it hiving off 50 per cent of its flagship Thunderbird mineral sands project in exchange for a big cash injection.
Shandong Gold has sweetened its bid after fellow suitor, Russia’s Nordgold, lobbed a higher offer last week.
The move by the airline’s bondholders throws plans to start generating cash into jeopardy as passengers will be reluctant to book ahead amid uncertainty about the takeover.
Legal experts and corporate advisers have warned of increased uncertainty for investors after the Federal Government’s decision to shake up the country’s foreign investment rules.
Treasurer Josh Frydenberg is poised to get hugely increased powers to stop foreigners from buying Australian businesses or assets in deals that might endanger national security.
The developers will not delay the sales launch for the project, claiming Perth will be a target for an anticipated rush of global finance that will soon be looking for a new home.
The intervention follows a crackdown by the Federal Government amid the coronavirus crisis to prevent overseas entities from picking up struggling Australian companies on the cheap.
COVID-19 could delay the mineral sands miner’s demerge of its lucrative Pilbara iron ore royalty vehicle.
The airline’s foreign ownership is looming as a stumbling block to its pitch for a $1.4 billion government bailout to help it ride out the coronavirus pandemic.
The court was told Chris Marco had invested money on his clients’ behalf for nearly 25 years without any of them complaining to regulators.
There may be plenty of hype around critical minerals but that’s yet to translate into financial backing, says the boss of an aspiring WA rare earths miner.
Uncle Sam and its associated entities remain conspicuously absent in the local investment space given the big talk over access to Australia’s rare earths.
Dar, a multinational engineering and design solutions firm with over 19,000 employees in 311 offices around the world, owns 20.23 per cent of WorleyParsons.
It is a matter of when, not if, some of the world’s biggest tech brands set up shop in WA as the race to shore up their supply of critical minerals gathers pace.
An academic report says Australia should be open to Chinese involvement in the development of its rare earths projects.
© West Australian Newspapers Limited 2020