Takeover target Macmahon Holdings has flagged a potential acquisition of its own.
Surging commodity prices boosted Australia’s trade surplus in the December quarter, which will add to economic growth.
BHP Billiton was expected to have its Pilbara rail network partly back up and running last night, after a serious derailment put its Newman line out of commission.
Iron ore miner Fortescue Metals has denied media reports stating it had lodged a $1 billion-plus offer for Wesfarmers’ Curragh coal mine in Queensland.
Higher gold prices and favourable exchange rates sent Australia’s gold production in 2016 to a 17-year high of 298 tonnes, worth more than US$11.5 ($15) billion.