SGH says BlueScope’s Australian and North American businesses ‘are not strategically compatible and would benefit as stand-alone businesses under new ownership’.
Sean Smith
Bluescope confirmed that SGH and US-based Steel Dynamics submitted a buyout proposal to the BlueScope board in the week before Christmas.
The Henderson headquartered company disclosed the new contract win, alongside a charging facilities gig with Fortescue, would be worth about $400 million.
Simone Grogan
BYD met its full-year sales target and likely surpassed Tesla to become the world’s largest EV maker in 2025 - a milestone overshadowed by a challenging outlook for the Chinese auto market in 2026.
Linda Lew, Danny Lee and Bei Hu
Sixty firefighters battle a massive blaze at a Sydney timber factory that has spread to neighbouring businesses and caused roof collapses.
Emma Kirk
A secretive industrial property where cocaine in liquid form is manufactured for medical use has been sold for a sum well into the eight digits.
Adrian Rauso
Premium olive oil brand Cobram Estate has gifted its shareholders some early Christmas joy with a $US173.5m ($259m) acquisition to expand its Californian footprint.
The Cook Government will spend more than $60 million to build Australia’s first fleet of electric ferries to service new the Matilda Bay and Applecross terminals.
Oliver Lane
ASX-listed Austal will build 18 medium-sized landing craft at Henderson over six years for the Australian Army under the Government’s recently-finalised strategic shipbuilding agreement.
Former Bunnings boss John Gillam will take the helm of industrial conglomerate SGH as chair from June.
South32 will mothball its Mozal Aluminium refining operations in Mozambique at a cost of $90 million after failing to land a deal that would ensure sustainable electricity prices with local authorities.
The approval of Hanwha’s doubled stake in Austal is subject to ‘strict conditions’, including limits on access to sensitive intellectual property held by Austal and “stringent criteria” on any board nominee.
WA’s budding zero-emissions iron industry will guzzle up vast amounts of water if Fortescue’s need for an extra 60 Optus Stadiums’ worth of groundwater a year is anything to go by.
Treasurer Jim Chalmers has given approval for South Korean defence giant Hanwha to increase its ownership of WA-based shipbuilder Austal.
Andrew Greene and Sean Smith
Rising mining stocks powered the ASX’s performance on Thursday, despite the Australian sharemarket being unable to follow a strong lead-in from Wall Street.
Cameron Micallef
New York-listed mineral sands miner Tronox is concocting plans to build a rare earths plant in WA with taxpayer support to the tune of $904 million from Uncle Sam and the Federal Government.
Korean giant Samsung C&T has been in talks with the State Government this week weighing up an investment into a modular housing factory in Western Australia.
Matt Mckenzie
The Australian sharemarket has plunged after the central bank chief delivered a shock warning to investors – leaving every sector in the red.
Having made an unsuccessful takeover tilt at Austal last year, South Korean conglomerate Hanwha has applied to double its holding in the WA naval shipbuilder to 19.9 per cent.
Sean Smith and Andrew Greene
The Big Australian has taken delivery of its first pair of battery-electric trucks as part of a trial with Rio Tinto to see if the lower-emissions tech can stack up against diesel.
Cancer Council kids sunscreen recalled over safety fears the product separates and reduces protection from the sun.
Workers at Nyrstar’s troubled Port Pirie smelter in South Australia have voted to strike just months after the plant scored a big taxpayer-funded bailout.
A major deal has exempted one nation from US President Donald Trump’s 100 per cent pharmaceutical tariffs, as questions swirl around whether Australia could be next.
Ria Pandey
A long-running legal saga between Andrew Forrest’s Fortescue and three ex-employees who were accused of ripping off green technology has come to an abrupt end.
Simone Grogan and Adrian Rauso
