China push to buy 45 year old Liddell coal plant

The Chinese conglomerate that controls Australia’s largest cotton farm has approached Malcolm Turnbull’s office to ­express interest in buying the Liddell coal-power plant in the NSW Hunter Valley. UPDATED: Tony Abbott and Barnaby Joyce have both used the Coalition partyroom meeting to urge Malcolm Turnbull to do more to keep the Liddell coal power station…

Chinese lining up for Australian agriculture businesses: HSBC

HSBC says asset hungry Chinese businesses are lining up to invest in Australian agriculture because of food production quality and tariff reductions under the free trade agreement between the two countries. The global banking giant is expanding its operations in Australia to play a much bigger role in the sector and to strengthen its connection to…

Aussie Farmers Direct to close fallen victim to competition from cheap imported products sold by its opposition.

GROCERY delivery company Aussie Farmers Direct has been placed into voluntary administration and the company will close immediately, leaving its 260 employees without a job. Company directors believe the national food and groceries delivery network has fallen victim to competition from cheap imported products sold by its opposition. The home delivery service struggled to compete…

Chinese buy Aussie gene mine

A world-leading genetic resource created in Western Australia has been sold to Chinese buyers. The “gene mine” that helps researchers rapidly map and identify genes linked to human diseases has been snapped up by China’s leading animal sciences institute and medical school in a $US2 million ($2.56m) sale. Lead researcher Grant Morahan, of the Harry…

Small rural business owners pipeline contractors miss out on pay

SMALL rural business owners, subcontracted to work on the $2 billion Connections project, say a contractual dispute has left them out of pocket to the tune of about $500,000. The businesses are scattered around Cohuna and Swan Hill, where they had been subcontracted by Queensland firm Aqua Infrastructure to supply piping and machinery or carry…

Hong Kong group pays $40m for Brisbane’s Emporium hotel

.One of Brisbane’s most iconic ­hotels, the stylish Emporium in Fortitude Valley, has been picked up by Hong Kong’s Ovolo Hotels group in a deal worth about $40 million. Developed 10 years ago by Tony John of the Anthony John Group, the multi-award-winning hotel was sold in an off-market deal by CBRE Hotels national director…

Labor plans joint ventures with China in Australia’s north

Labor could enter jointly funded infrastructure ventures with the Chinese government in Australia’s north under Beijing’s Belt and Road initiative, all as part of an escalated embrace of Asia, should it win the next election. Shadow treasurer Chris Bowen will today propose coordinating the $5 billion Northern Australia Infrastructure Fund with the Belt and Road…

Rise of imported seafood as commercial fishermen squeezed out

THE Central Coast has a wealth of wonderful waterways. And latest catch data shows local fish stocks are on par with a decade ago but most of the seafood on offer is imported. Amid the rush for seafood ahead of Good Friday, a traditional meat-free day, the Express Advocate can reveal­ the majority of fish…

China rejects Murray Goulburn milk, formula

Beleaguered dairy processor Murray Goulburn is blaming administrative errors for the rejection of shipments of its milk and infant formula in China last year, dismissing suggestions it was being punished for bypassing Chinese bidders in favour of a $1.3 billion takeover offer by Canadian giant Saputo. Murray Goulburn confirmed the incidents, which saw as much…

Pineapple go to waste farmers warn of shortage

North Queensland farmers are being forced to leave hundreds of tonnes of pineapples to rot due to a glut of the fruit. Ideal growing conditions across Queensland have led to a bumper season, forcing down the amount of money paid to farmers for their crop. In many cases, it’s not enough to cover the cost…