Colin Barnett

WA government leases 13,000 hectares of land to China

WA government leases 13,000 hectares of land to ChinaThe government in the state of Western Australia has leased more than 13,000 hectares of prized land in its Kimberley region to a Chinese group and indicated that it is willing to hand over more land to China and other foreign investors.

The state government leased the land to China in a deal valued at $700 million. The huge tract of land will be leased to Chinese conglomerate Shanghai Zhongfu for up to 50 years. The land has been made viable by the $500m federal and state Ord River irrigation scheme.

Cameco to acquire BHP’s uranium project in Australia

Cameco to acquire BHP’s uranium project in Australia BHP Billiton has said that it will sell its Yeelirrie uranium deposit that is situated in Western Australia for $ 430 million to Cameco Corp of Canada.

The sale announcement came after BHP Billiton said that it has decided to scrap the project. Chief executive Marius Kloppers has indicated that the deposits were too small in quantity for the company. WA Premier Colin Barnett had asked BHP Billiton to scrap the project because it is too small for its portfolio.

Analysis missing from WA Govt's port spends

Colin-BarnettA parliamentary committee uttered that the West Australian government invested millions of dollars to the Oakajee Port development in the state's Midwest devoid of as it should be evaluating whether it was a valuable investment or not.

Last year in the month of May, a promised was made by the state government to give $339 million to the $4.4 billion Oakajee project, which was swiftly matched by the central government following entrancing by WA Premier Colin Barnett.

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