Chinese state-owned company in talks with Adani to bankroll mine

For years it has been a mystery where Adani would get the money to build its giant Carmichael coal mine in North Queensland. Now we may have the answer. The ABC has learned that a Chinese state-owned enterprise, China Machinery Engineering Corporation (CMEC), is in negotiations with Adani and its principal engineering and procurement contractor,…

China lifts import ban on Australian beef

CHINA has lifted a three-month ban on beef and lamb processed by a group of Australian abattoirs. In July, suspensions were made on exports from JBS’s Toowoomba and Scone plants, Thomas Food International’s facility at Murray Bridge in South Australia and Northern Co-operative Meat Company’s Casino processor, as well as plants run by Kilcoy Pastoral…

China’s huge demand for dairy is driving up butter prices

CHINA’S endless demand for Australian dairy and baby formula is behind the butter price rises — and it will soon force bakeries to switch from using butter to margarine to survive. Many sausage rolls, Swiss rolls, biscuits and croissants will start tasting different as bakeries deal with a 30 per cent increases in the cost…

Gas exports starve local firms, jobs: ACCC

Australian factories are at risk of shutting down and sacking workers as the nation’s gas exporters starve local customers in favour of overseas clients, according to a dire warning from the competition watchdog that clears the way for a gas crackdown. The Australian Competition & Consumer Commission slammed the three gas giants in a clear…

Chinese buy 51pc in Bindaree Beef, Australia’s fourth largest beef processor

Expansion plans are on the horizon again for Bindaree Beef after Hong Kong’s wealthy Hui family this week bought a 51 per cent stake in the northern NSW group in partnership with Beijing-based equity fund, Archstone Investment. The McDonald family’s Bindaree Beef Group (BBG) is Australia’s fourth largest beef processor, which owns the Inverell abattoir…

Lethal asbestos pouring through our borders made in China

BUILDING materials laced with lethal asbestos are landing in our homes and building sites, as Chinese companies flout Australia’s ban.Australian Border Force identified a staggering 8643 shipments as “high risk” for asbestos during 2016-17, but only examined 761 — leaving 90 per cent to slip through to building sites, hardware stores and supermarkets. It seized 64…

Australian owned Weis company sold to international giant Unilever.

WEIS, one of Queensland’s most beloved ice cream companies has been bought up by international giant Unilever. Weis, which began its life when Les Weis started selling his iconic Fruito Bar in 1957, operates from a factory in Toowoomba.Unilever, who already own Streets ice cream, today announced it has entered into a definitive agreement to…

Australian owned Weis sold to international giant Unilever.

WEIS, one of Queensland’s most beloved ice cream companies has been bought up by international giant Unilever. Weis, which began its life when Les Weis started selling his iconic Fruito Bar in 1957, operates from a factory in Toowoomba.Unilever, who already own Streets ice cream, today announced it has entered into a definitive agreement to…

The shoe that could give your child cancer: Product recall

A PRODUCT recall has been issued for children's shoes which authorities say have a poisonous lining that could could cause cancer.  The shoes, sold onto the Australian market by the clothing website Next UK, contain the toxic substance benzidine in the lining.  The shoes in question are described as navy strap brogue shoes.  "The lining…

China has temporarily banned beef exports from several Australian meatworks,

China has temporarily banned beef exports from a number of Australian meatworks, The Australian Meat Industry Council has confirmed it is working with the federal Department of Agriculture through diplomatic channels on the issue. There are shipments currently on the water, although the ABC understands the Australian Government is hopeful it can resolve the issue…

Australian beef processors hit by China export ban

CHINA has placed temporary export bans on as many as six beef processing plants in Australia. There have been allegations the bans are in retaliation to deputy Prime Minister Julie Bishop’s comments last week over freedom of navigation in the South China Sea. One meat processor has confirmed the temporary ban to The Weekly Times….