Plans to privatise Lindeman Island National Park land, Chinese developers to build accommodation exclusive for wealthy tourist

NEARLY 37 hectares of Lindeman Island National Park will be privatised if the recommendations of an Environmental Impact Statement (EIS) released this afternoon are approved. The EIS details plans to privatise Lindeman Island National Park and place it in the hands of Chinese company, Whitehorse Developments, which will create exclusive accommodation for wealthy tourists. The…

Qatar’s $500m food bank farms in Australia

The murky world of Middle Eastern politics, Islamic extremists and terrorism seems far away as a mob of sheep with young lambs at foot quietly graze the daisy-flecked paddocks of Barton ­Station against a backdrop of ­Victoria’s spectacular Grampian ranges. Experienced agribusiness boss John McKillop hopes it stays that way. Mr McKillop heads Hassad Australia,…

Wycheproof farms sold to Chinese-backed company Rifa Salutary

THE rapid rise of Chinese-backed pastoral company Rifa Salutary as a major agricultural player continues, with its purchase of two farms at Wycheproof in an investment worth about $9 million. Rifa Salutary chief executive David Goodfellow confirmed the purchase of Kulwin Park and McNicholl’s, covering 4534ha, from father and son vendors Murray and Mich­ael Stapleton….

Chinese government trade bank may get mortgage over Darwin port

The Chinese owner of the Port of Darwin is using the port as security to seek a $500 million loan from the Chinese government’s trade bank.Private Chinese company  Landbridge is seeking the loan from the Chinese government’s Export-Import Bank (EXIM) to prop up the firm’s ailing Australian operations, which include an $880,000 yearly consulting fee…

Whyalla steelmaker Arrium to be sold to British company Liberty House

South Australian steelmaking business Arrium is to be sold to a British company and not the Korean consortium identified as the preferred bidder, the state’s Premier Jay Weatherill has confirmed. The business will be sold to Liberty House which is part of London-based GFG Alliance, with all Whyalla steelworkers expected to keep their jobs. “The…

Almost one in five homes built in Australia are unoccupied

Australia’s record-breaking residential construction boom has done little to ease housing affordability in Australia’s largest cities, perhaps it’s because many of the homes built are currently unoccupied. Regardless of whether they were purchased by locals or foreign investors, close to one in five new dwellings built over that period was unoccupied on census night, according…