MANUFACTURING

Leighton's Thiess wins $5.5b Indian coal project

Thiess, an Australian mining contractor wholly owned by Leighton Holdings Ltd (ASX: LEI), announced today it has won a landmark $5.5 billion mine development and coal mining contract in India.

ESCO acquires Austcast, Newlcast

ESCO Corporation, a global provider of engineered consumable products, announced today the acquisition of all of the issued and outstanding shares of Austcast Pty Ltd in Brisbane, Australia, and its subsidiary Newlcast in Dunedin, New Zealand.

Leighton, ACS agree on governance framework

Leighton Holdings Ltd (ASX: LEI), Australia's largest project development and contracting group has concluded discussions with Spanish builder Actividades de Construcción y Servicios SA (ACS) in relation to a governance framework to protect the interests of the Company's minority shareholders should ACS acquire control of Leighton's major shareholder, Hochtief AG.

Rio Tinto spends more for underground mine safety

The devastating mine accidents in the recent months have prompted Rio Tinto (ASX:RIO) to further pursue new innovative means of safety for its miners. Australia's Rio Tinto will be investing some C$10 million for research to create a Centre for Underground Mine Construction.
More news

Toyota LandCruiser hits 750,000 sales in Australia

Toyota Australia today said its LandCruiser, which has the longest history of any Toyota nameplate, has passed 750,000 sales in the country during the 60th anniversary year of the iconic off-roader.

Australia's Brambles plans to expand to US, EU

Australia's logistics and supply chain management solutions provider Brambles (ASX: BXB) has announced its bid to acquire IFCO Systems NV for $US1.255 million ($1.27 million) to expand the company's supply chain business in the US and Europe.

Woodside Petroleum, BHP's next target?

Australia's mining giant BHP Billiton is seen targeting oil and gas producer Woodside Petroleum Ltd. to make up for its failed bid for Canada's Potash Corp., a report by Morgan Stanley said.

XStrata secures control of Sphere Minerals

XStrata Plc was able to secure a controlling stake equivalent to 51.12 percent in Sphere Minerals, while remaining rival China-backed Sin-Tang continues to tighten its grip in its shares in the company top up its holding.

Port of Brisbane sold for $2.3B

The Industry Funds Management and the Queensland Investment Corporation has acquired the Port of Brisbane for $2.3 billion, reports said.

AWB Ltd underpeforms, profits below expectations

Australia's biggest wheat producer AWB Limited (ASX: AWB) has posted a net loss of more than $55 million for fiscal year 2010 as the drought affected the quality of the grains produced and the nearing merger with the Canadian firm Agrium Ltd (TSX and NYSE: AGU).

US, Australia to tackle China's monopoly of rare earths

High-level talks between the United States and Australia will take place today as U.S. Secretary of State Hillary Clinton initiated discussions on China's monopoly of rare earths, which are used as key components in military systems.

Investors keen on QR National’s IPO

Australian coal hauler and transporter QR National Ltd. has received keen interest from foreign investment managers for its $5 billion dollar initial public offering (IPO) before its formal offering on November 22

Australia wins best health building in the world

BVN Architecture, one of Australia's largest architectural practices with offices in Brisbane, Sydney, Canberra and Melbourne, won the Health Category award at the World Architecture Festival (WAF) this evening (Wednesday 3 November) in Barcelona for the Youth Mental Health Building at the Brain and Mind Research Institute (BMRI) in Camperdown, Sydney.

How the best approach in customer service works

Strativity Group, a leading provider of customer experience services, today announced it has opened an office in Sydney to support growing interest from Australian and New Zealand organisations in adopting customer-centric approaches and proactively managing their customer experiences.

Xstrata magnifies offer to Sphere Minerals

Mining firm Xstrata Plc has increased its offer price for iron ore developer Perth-based Sphere Minerals Ltd (SPH.AU) to $3 a share and declared the offer best and estimated at $514 million.

Queensland residents assured of LNG Gladstone project safety

The Australia Pacific LNG consortium of companies has advised relevant landholders, the Queensland Government, Western Downs Regional Council and Maranoa Regional Council of the results of chemical analysis of samples taken from water bores on properties where exploration wells that have recently been hydraulically fracture stimulated in the Surat Basin, west of Miles.

Leighton wins $670m road work contract

Leighton Contractors, a wholly owned subsidiary of Australia's largest construction company Leighton Holdings Limited (ASX: LEI), has been awarded $670 million worth of new road work.

Leighton applies to Takeovers Panel on ACS bid

Leighton Holdings Limited (ASX: LEI) today said it will be making an application to the Takeovers Panel seeking a declaration of unacceptable circumstances and consequent orders in relation to the proposed takeover bid by Spanish company Actividades des Construcción y Servicios' (ACS) for Leighton's German parent Hochtief AG.

ASX rival Chi-X Global keen to launch in March 2011

Chi-X Global Inc. is still set to work towards launching in March 2011, in spite the growing threat of a tougher competitive environment with the bid takeover of the Singaporean bourse of rival ASX Ltd.

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