North Australia Digest – 5/9/12

by 5 September 2012

Here is a digest of today’s major stories that impact North Australia:

The Age

In another blow to the Australian resources sector, Fortescue Metals has dramatically scaled back multibillion dollar expansion plans and cut several hundred jobs. The move has promoted fears other miners could follow suit if Chinese demand for iron ore fails to pick up and comes just weeks after BHP shelved $30 billion worth of projects, including the massive Olympic Dam [...]

North Australia Digest – 4/9/12

by 4 September 2012

Here is a digest of today’s major stories that impact North Australia:

The Australian Financial Review

A plunge in the prices of Australia’s export commodities as well as high labour and construction costs will stall $100 billion of mining and energy projects, as companies ­scramble to reassess their long-term investment pipelines.

BHP Billiton has not asked the South Australian government for an extension on the agreement covering royalties for the $US20 billion-plus Olympic [...]