News archive from 11 December 2013

Samoa Air's pay-by-weight success

Samoa Air's pay-by-weight success

Nearly a year since Samoa Air started charging passengers by weight, the airline says the experiment has been a huge success.Samoa Air made headlines when it became the first airline in the world to charge people in such a way. Samoa Air's Chief...

ABC News, 11:02 in Business
 
Joe Hockey lifts foreign ownership conditions on Chinese company Yanzhou's investment in Yancoal

Joe Hockey lifts foreign ownership conditions on Chinese company Yanzhou's investment in Yancoal

Federal Treasurer Joe Hockey has scrapped a set of foreign ownership conditions stopping the Chinese state-owned company Yanzhou from taking full ownership of an Australian coal miner.The move comes less than two weeks after Mr Hockey rejected US firm...

ABC News, 11:02 in Business
 
Gloucester gears-up for another mining battle

Gloucester gears-up for another mining battle

The Gloucester Council and residents are opposing an expansion of the Stratford coal mine. Mining company Yancoal has applied to open three new pits which would operate 24 hours a day, and extend the life of the Stratford mine by 11 years. Residents...

ABC News, 11:49 in Business
 
Yancoal cuts mining jobs in Gloucester region

Yancoal cuts mining jobs in Gloucester region

As the Gloucester community steps up the fight against a new open-cut coal mine two existing operations in the region are set to dramatically reduce production. Chinese-owned Yancoal has announced cuts at its Stratford and Duralie operations, citing a...

ABC News, 11:49 in Business
 
Tasmanian police probe mine shaft after double fatality, as town pays tribute to victims

Tasmanian police probe mine shaft after double fatality, as town pays tribute to victims

Tasmanian police officers have ventured hundreds of metres below ground to examine a mine shaft where two men died on Monday.Investigations into the deaths of Craig Gleeson, 45, and Alistair Lucas, 25, at the Mount Lyell copper mine at Queenstown are...

ABC News, 11:54 in Business
 
Qld power prices set for hike

Qld power prices set for hike

Queensland electricity prices will increase by 13 percent from July next year, increasing the average household bill by $270 a year.The Queensland Competition Authority (QCA) has released its draft decision for 2014 in Brisbane. Treasurer Tim Nichols...

ABC News, 12:18 in Business
 
Free or discounted Adelaide public transport about to start

Free or discounted Adelaide public transport about to start

Free or discounted travel will start this weekend for some Adelaide public transport users.Seniors will be able to travel free off-peak (before 7am and after 7pm) across the week. Sunday and public holiday fares will be cheaper for all bus, train and...

ABC News, 12:35 in Business
 
Ranger uranium mine toxic spill was second in days at Rio Tinto sites in Australia and Africa

Ranger uranium mine toxic spill was second in days at Rio Tinto sites in Australia and Africa

It has been revealed that the collapse of a leach tank at the Ranger uranium mine in the Northern Territory was the second such incident at a Rio Tinto mine in less than a week.Rio is a majority shareholder of Ranger operator, Energy Resources of...

ABC News, 13:11 in Business
 
Shute Harbour marina plans get conditional approval

Shute Harbour marina plans get conditional approval

The Queensland Government says the developers of a new marina in the Whitsundays, in north Queensland, will need to meet specific environmental conditions before construction can begin.The Shute Harbour development, 10 kilometres south of Airlie...

ABC News, 13:11 in Business
 
Emus on runway likely cause of Cessna's outback crash landing at Honeymoon

Emus on runway likely cause of Cessna's outback crash landing at Honeymoon

A pilot who probably was distracted by emus crashed at an outback airstrip with the landing gear retracted, an accident report has found.The Cessna 441 pilot was making his third trip for the day between Adelaide and the outback Honeymoon mine area in...

ABC News, 13:53 in Business
 
NSW coal mine to shed 90 jobs

NSW coal mine to shed 90 jobs

Nearly 100 positions will be shed from Gujarat NRE's coking coal mines in the Illawarra.In a statement this morning, Gujarat Chairman Jasbir Singh announced the company would reduce its workforce by 20 per cent. Mr Singh says difficult market...

ABC News, 14:05 in Business
 
Holden confirmed to cease operations in Australia by 2017

Holden confirmed to cease operations in Australia by 2017

Holden has confirmed it will shut down operations in Australia by 2017, Victorian Premier Denis Napthine has told parliament.More to come.

ABC News, 14:20 in Business
 
Australia and PNG to change focus of relationship

Australia and PNG to change focus of relationship

The governments of Australia and Papua New Guinea are pledging to take a fresh approach to their bilateral relationship.Ministers from both countries have met in Canberra for the 22nd Australia-PNG Ministerial Forum to discuss a wide range of issues....

ABC News, 14:30 in Business
 
Holden to cease its manufacturing operations in Australia by 2017

Holden to cease its manufacturing operations in Australia by 2017

Iconic car maker Holden has announced it will stop making vehicles in Australia by the end of 2017.The decision means 2,900 people will lose their jobs - 1,600 from the manufacturing plant in South Australia and 1,300 in Victoria. The company's...

ABC News, 14:44 in Business
 
Victorian Premier tells Parliament Holden to leave by 2017

Victorian Premier tells Parliament Holden to leave by 2017

The Premier Denis Napthine has confirmed Holden will pull out of Australia, including its Victorian operations.Dr Napthine said he had been informed over the phone a short time ago and the decision was irreversible. "Unfortunately this Government...

ABC News, 14:59 in Business
 
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