Ferngrove winery, which grows Shiraz, Cabernet Sauvignon and Semillon grapes in Western Australia’s Frankland River, last year faced declining sales and the prospect of breakup if business didn’t recover.
Glencore Xstrata Plc, the biggest exporter of power station coal, is studying a plan to combine some of its Australian coal operations with mines run by Rio Tinto Group, according to two people familiar with the matter.
Glencore Xstrata Plc, the biggest exporter of power-station coal, is studying a plan to combine some of its Australian coal operations with mines run by Rio Tinto Group, two people with knowledge of the matter said.
Glencore Xstrata Plc, the world’s fourth-biggest mining company, is studying separate deals with Rio Tinto Group and BHP Billiton Ltd. in Australia to reap cost savings at struggling coal and nickel operations.
After Mark McGrath lost his job in Sydney in November, he tried to follow the thousands of Australians who headed to the nation’s mines, which have mopped up surplus workers and fueled growth for a decade. Not anymore.