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MEO to farm out stakes in three Australian offshore permits

2015-02-19 01:00:00| Offshore Technology

MEO Australia has signed an option agreement with an unnamed international exploration firm to farm out stakes in any of its three permits.

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Australian Vintage posts H1 profits, sales increases

2015-02-18 11:53:00| Daily beverage news and comment - from just-drinks.com

Australian Vintage has seen a healthy rise in full-year sales and profits helped by the performance of its three key wine brands.

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Crown Castle considers sale of Australian operations

2015-02-16 14:03:00| Telecompaper Headlines

(Telecompaper) Mobile towers operator Crown Castle announced it's considering a sale of its Australian subsidiary, after receiving unsolicited offers for the company. US-based Crown Castle owns 77.6 percent of CCAL, the largest independent tower operator in Australia. It entered the Australian market in 2000, acquiring towers first from Optus and later from Vodafone and Hutchison. The Australian company contributes around 4-5 percent of Crown Castle's estimated annual EBITDA.

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Risk Australian Uranium In Indian Nuclear Weapons Spark Worries

2015-02-15 17:18:00| Climate Ark Climate Change & Global Warming Newsfeed

Business Times: Australian uranium might end up in the hands of India as part of the countrys nuclear weapons program. Two experts on nuclear power believe the concessions agreed between the two nations could lead to this scenario. Ronald Walker, a former Australian ambassador and chairman of the international Atomic Energy Agency, said the Abbott governments deal to sell the countrys uranium to India has drastically changed Australias longstanding policy on safeguards. He added that the agreement has risked...

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Arrium the latest Australian miner to be stung by take-or-pay rail contracts

2015-02-15 16:36:38| Real Estate - Topix.net

Arrium Ltd will continue to pay for rail access long after it shuts a group of loss-making mines in South Australia, in the latest example of Australian miners being stung by "take-or-pay" rail contracts. Arrium recently confirmed it would close its Southern Iron mines near Coober Pedy in the first half of 2015, on the back of steep declines in iron ore prices that have rendered the assets unviable.

Tags: latest australian contracts rail

 

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