Apartment construction crisis repairs to cost $6.2B

Australia’s construction crisis will cost $6.2 billion in remediation and associated costs, according to new research. Equity Economics, commissioned by the CFMEU, has released its report, Shaky Foundations: The National Construction Crisis, which analysed the additional costs to owners of remediating water leaks, fire safety breaches, structural failure, combustible cladding and associated costs in apartment buildings built […]

Construction sites and politicians fly the flag for suicide prevention

More than 500 construction sites around Australia are flying the flag of mental health and suicide prevention as part of the annual MATES in Construction ‘Fly the Flag Day’, in partnership with R U OK? Workers aims to raise awareness to help prevent suicide in the construction industry, where it is six times more likely […]

Iron ore price hit by biggest monthly drop in eight years

The seaborne iron ore price has experienced its largest one month drop in almost eight years as shipments increased to China, sparking supply pressure. S&P Global Platts reported that iron ore lump premiums have plummeted 74 per cent over the past two months as steel mills reduced the usage of lump in response to thin […]

OZ Minerals and Minotaur join forces in Cloncurry

Minotaur Exploration and OZ Minerals have secured three joint venture partnerships in Cloncurry, Queensland. According to Minotaur, the three Cloncurry JV agreements align with the company’s project generation strategy to attract top tier farm-in partners, minimising equity dilution to shareholders. In a previous agreement, OZ Minerals acquired 70 per cent interest in the Eloise JV […]