The Todd Corporation has signed a deal with the West Australian government that could lead to a $5.9 billion iron ore project in the state. The company, owned by New Zealand’s richest family, has been building up its presence in West Australia for the past two years.
Category: Karratha, Australia
Risk of Australia’s first 2016/17 cyclone this week
A slow-moving tropical low in the Indian Ocean could intensify into Australia’s first cyclone of the 2016/17 season, forecasters said on Monday. The near-stationary low was situated 550 km north northwest of Karratha, an oil, gas and iron ore mining hub along Australia’s west coast, the Bureau of Meteorology said.