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Construction PRO
Administrators of OneSteel Manufacturing will shutter the blast furnace at the Whyalla steelworks in South Australia and let 600 workers go, after the failure of recovery efforts to restore operations.
Construction PRO
CIMIC Group subsidiary UGL has been awarded a contract for APA Group's $259 million Sybella Creek Solar Farm and Battery Energy Storage System project in Mount Isa, Queensland.
A Full Federal Court is set to hear BHP's challenge to the employment law underpinning a union's class action, with the energy giant to argue that the Fair Work Act provision governing public holidays is not capable of breach.
Construction PRO
A judge has tossed a case by Singaporean commodities trader UIL, finding it did not have binding agreements to buy 500,000 metric tonnes of coal annually from two NSW coal miners controlled by Jindal Steel.
In their defences to a shareholder class action, Mineral Resources’ and founder Chris Ellison have denied that two payments totalling $3.8 million needed to be disclosed to the market as related party transactions.
Construction PRO
Perth Airport will pay United Petroleum $8.7 million after the company built a larger petrol station on the basis of the airport's representations that the Qantas terminal would be relocated.
Oil and gas company Beach Energy has agreed to pay $43. 5 million to settle a shareholder class action on the eve of trial.
A judge has tossed oil company Lighthouse's $600 million suit against the government of East Timor after it failed to provide $1.3 million in security ahead of trial.
Steel trader Macsteel International has won an injunction barring its former chief financial officer from disclosing or using its confidential information, after he downloaded almost 10,000 documents containing sensitive information.