Insurance Australia Group Ltd (IAG) bought the Australian and New Zealand underwriting business of Western Australia's farmers' cooperative Wesfarmers Ltd for $1.845 billion.
Tags: Western Australia
Iluka ceases production at Jacinth-Ambrosia project; to trim 33 jobs
Iluka Resources said it will cease production in zircon operation at Jacinth-Ambrosia project in South Australia following fall in zircon prices. The company's decision will positively impact the global market.
BHP plans deeper cost cuts to battle commodity rout
BHP Billiton said on Tuesday it would slash its iron ore production cost further and cut spending to better withstand a downturn in commodity prices that is testing even mining industry heavyweights.
Sime Darby picks up 70pct stake in Australian firm TFP Engineering in A$3.2M cash deal
Kuala Lumpur, Malaysia-based conglomerate Sime Darby Bhd, through its subsidiary Haynes Mechanical, picked up a 70% stake in Singleton, Australia-based mining machinery provider TFP Engineering for A$3.2 million (MYR9.5 million).
Australian minig firm Balamara to divest non-core assets in the Balkans for A$15.2M
Subiaco, Western Australia-based mining firm Balamara Resources Ltd agreed to divest three of its non-core assets located in the Balkans for A$15.2 million to focus on its flagship projects.
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Fairfax Media Ltd, the leading diversified media firm in Australia, has purchased property data and mapping company Property Data Solutions Pty Ltd for approximately USD30 million.
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