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Slumdog Sights. Qantas is starting up service from seven Australian cities - including Brisbane, Melbourne, Perth and Sydney - to Mumbai starting June 2. The flights take off three times per week, connecting through Singapore. Outbound flight to Mumbai leave on Tuesday, Thursday and Saturday. Return flights operate on Wednesday, Friday and Sunday...
...purchase any Chinese company has ever made. China Minmetals, another state-owned firm, said it would pay $1.7 billion in cash for Australia-based Oz Minerals, the world's second largest zinc miner. On Feb. 23, Hunan Valin Iron & Steel Group of China purchased a $771 million stake in Australian iron-ore exporter Fortescue Metals Group...
...this does not transfer key pricing power over a key commodity to a big customer. They need to make that case, or I'm not inclined to vote for the deal" when it comes up for approval in May or June. The investment also must be cleared by the Australian Foreign Investment Review Board...
...site, and the winner earns the crown title of “Island Caretaker” of Hamilton Island along the Great Barrier Reef in Queensland, Australia. The six-month job comes with keys to a posh three-bedroom beach front house and a hefty salary totaling 150,000 Australian dollars. If the compensation isn’t enticing enough, as part of a Tourism Queensland marketing campaign, the caretaker faces the daunting task of exploring this stunning tropical paradise and the underwater world below while chronicling the adventures in a video blog series and photos to be posted online...
...China's shopping spree has gone far beyond oil. The Australian government is examining a bid by the Aluminum Corp. of China or Chinalco to buy an 18% stake of the heavily indebted minerals giant Rio Tinto, for about $19.5 billion. It is also considering a bid by the Beijing trading company Minmetals to buy Australia's mining company Oz Minerals for about $1.7 billion - enough to wipe out that company's debt. Meanwhile, Chinese president Hu Jintao made a five-country swing around Africa in early February, signing deals in Tanzania and Madagascar on agriculture and telecommunications, and promising...