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Carmichael Coal Mine's Proposed $21.7 Billion Project Could Bring Destruction to The Great Barrier Reef

The Carmichael coal mine run by the Indian company Adani, has been granted three licenses to mine in the heart of Queensland. Due to the devastation that it could bring to the Great Barrier Reef, many environmentalists criticized the government's approval to the coal mine project.

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Perth, Australia

Layoffs and empty streets as Australia's boom towns go bust

When Probo Junio got a visa to work in Australia, he thought he had won a ticket to the good life. In 2013, the 45-year-old boilermaker left his hometown of Cebu in the Philippines, where he was getting paid about $10 a day, to work in Karratha in Western Australia for $30 an hour. Enough to support his relatives and build a new life Down Under.

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Liquefied Natural Gas (LNG) Ltd

LNG closes $49.5M in placement for Magnolia facility

Perth, Australia-based publicly listed firm Liquefied Natural Gas (LNG) Ltd secured $49.5 million in a placement of 90 million shares to its Australian and new US investors at $0.55 apiece for development of its Magnolia LNG facility.

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TFP Engineering

Sime Darby picks up 70pct stake in Australian firm TFP Engineering in A$3.2M cash deal

Kuala Lumpur, Malaysia-based conglomerate Sime Darby Bhd, through its subsidiary Haynes Mechanical, picked up a 70% stake in Singleton, Australia-based mining machinery provider TFP Engineering for A$3.2 million (MYR9.5 million).

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Axiom Mining

Australian miner Axiom acquires gold-silver-copper project in Solomon Islands

Queensland, Australia-based mining and exploration firm Axiom Mining acquired the gold-silver and copper-gold mineralization West Guadalcanal Project located in the Solomon Islands for an undisclosed amount.

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Marubeni Corp

Marubeni divests Aussie power plant stake to South Korean buyer -source

Japan-based trading house Marubeni Corp sold its 30% interest in Australia-based Milmerran Power Station to a buyer in South Korea for under A$200 million ($179 million), according to a source familiar with the deal.

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SP AusNet

Chinese firm concludes acquisition of SP AusNet stake

The State Grid Corp of China officially completed the $7.5-billion purchase of interests in Australian power firms SP AusNet and Jemena from utilities group Singapore Power.

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Yancoal Australia

Australia allows Chinese company to take over Yancoal

Australia's Federal Treasurer Joe Hockey has granted approval of the Chinese company Yanzhou Coal's takeover of Australian mining firm Yancoal Australia, just two weeks after he rejected a foreign buyout bid for GrainCorp.

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Fairfax Media Ltd

Australian media firm Fairfax buys Property Data Solutions for $30M

Fairfax Media Ltd, the leading diversified media firm in Australia, has purchased property data and mapping company Property Data Solutions Pty Ltd for approximately USD30 million.

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Aurizon

Queensland sells USD350 million of Aurizon stake

The government of Queensland has exited its 74.3 million shares worth USD350 million in the formerly state-owned coal and bulk freight rail company Aurizon, reducing its stake in the firm to under 5%.

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Vendetta Mining

Vendetta Mining inks deal to acquire Pegmont Lead-Zinc-Silver Property in Queensland

Canadian Vendetta Mining Ltd. announced that it has signed a deal with Pegmont Mines Limited to buy an undivided 100% stake in the Pegmont Lead-Zinc-Silver Property.

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Abacus Property Group

Abacus Property raises USD75 million for future acquisitions

Australian diversified company Abacus Property Group raised USD75 million in a share sale, the proceeds of which would be used to more properties in New South Wales, Queensland, and Victoria.

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Queensland Australia

Queensland in talks for luxury hotel and casino project

The state government of Queensland announced that they are currently evaluating the proposal of billionaire Tony Fung for a AUD4.2 billion hotel and casino project.

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