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 […]
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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 […]
Contract won to build massive waste to energy plant
The engineering, procurement and construction (EPC) contract to build one of Australia’s biggest waste to energy facilities has been awarded, creating more than 300 construction jobs. ACCIONA will deliver the project in partnership with Hitachi Zosen Inova (HZI), which will provide the technology and equipment for the facility. Located in East Rockingham, around 40 kilometres […]
Kevin Rudd offers to team up with Tony Abbott on Indigenous recognition in constitution
The former Labor prime minister has urged Prime Minister Scott Morrison to conscript him into a campaign to enshrine an Indigenous voice in the constitution. And Mr Rudd has gone further, suggesting that Mr Morrison also bring a potent posse of former PMs to the cause. Read the full story here
$3 billion pledge to give Indigenous suppliers a bigger slice of business
A new Business Council of Australia program, pledging to buy $3 billion in supplies from Indigenous companies. To be launched on Monday by Minister for Indigenous Australians Ken Wyatt, the Business Council’s Raising the Bar initiative is so far backed by 16 of its members. They include BP Australia, Rio Tinto, Qantas, Commonwealth Bank and […]
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