An Indian company is bidding for the $2 billion privatisation of the Port of Brisbane along with two other groups led by Morgan Staley Infrastructure Fund and Global Infrastructure partners respectively.
The coal seam gas industry is expanding to meet the growing demand for energy from Asian nations. Metgasco (ASX:MEL), a major coal seam gas company, is currently considering developing a new offshore natural gas plant near the New South Wales coastline.
Rio Tinto is planning a AUD$242 million expansion at its iron ore facility in the Pilbara region, Western Australia. The Dampier Port expansion works will allow the global mining giant to process an additional 5 million tonnes of ore annually.
Moly Mines Ltd (ASX,TSX:MOL) issued a statement saying that it shipped out 70,000 tonnes of ore from Atlas Iron on the bulk panama vessel Bergen Max from its Utah Point berth and loader at Port Hedland.
Tired of the bottlenecks at the Port of Newcastle Xstrata has decided to use its own coal trains in Hunter Valley. The company will spend $130 million procuring three coal trains to start Xstrata Rail. The Swizz based mining company is hoping to haul 12 million tonnes of coal per year with its three train fleet.
Atlas Iron (ASX:AGO) is sending its first shipment of iron ore to the new Utah Point port from its mines at Wodgina and Pardoo in the northwest of Pilbara, Western Australia.
Queensland Rail chief, Lance Hockridge said that despite all the opposition to the controversial share market float of the Queensland Rail it will attract a number of retail investors besides a range of institutional investors.
New talks will begin next week to discuss the changes in the planned Australian Mining Tax. Prime Minister Julia Gillard negotiated a deal with independent lawmakers and a green party member to form a minority government as Labor lost its majority in the 21 August election.
CGA Mining Ltd is looking forward to an increased production from its Masbate gold mine in the Philippines. The processing plant was originally designed to operate at a rate of 4 million tonnes per annum but a recent investment in it is likely to increase the throughput to 6.5 million tonnes per annum.
Asciano Group (AIO), a transport infrastructure business, with a focus on ports and rail, is asking for a declaration so that the Queensland coal rail network is regulated by the Australian Competition and Consumer Commission (ACCC) after the public float of Queensland's coal and bulk freight network.
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