A major update has emerged for Queensland’s flagship underground rail project, with the latest official figure for the Cross River Rail announced as $19.041 billion .   What’s Changed?  Originally, the Cross River Rail was promoted under the Labor Government with a projected cost of around $5.4 billion and a delivery date of 2024.   In December 2024, the Crisafulli Government revealed that costs would exceed $17 billion.   Now, after 11 months of negotiations with contracto

A major shift is underway in the global iron ore trade, and it’s one that could ripple across Australia’s mining and infrastructure sectors.  In 2025, BHP , one of Australia’s biggest miners, entered high-stakes negotiations with China Mineral Resources Group (CMRG) , China’s state-backed iron ore buyer. At the centre of discussions are three key issues: pricing, trade terms, and currency settlement .  What’s Going On?  CMRG was set up by China to consolidate its iron ore pur