Arrium

Troubled steel and mining group Arrium has been placed in voluntary administration, following discussions with its lenders.

Finalists in the 2015 Entrepreneur of the Year awards show how technology and innovation can enable rapid growth, even in mature industries.

Contractors Maca, Mineral Resources and Qube Holdings have downplayed the impact of Atlas Iron's decision to halt iron ore production over the coming month, while transport contractor McAleese Group is still evaluating the likely impact.

Mining and civil engineering contractor Maca has posted a 6.4 per cent increase in profit to $34.7 million for the six months to December, despite revenue taking a hit from recent mine closures, as the company shifted its focus onto gold projects in South America.

Mining and civil engineering firm MACA has received a letter of intent to provide mining services to Beadell Resources’ Tucano gold project in Brazil, with the value of the deal yet to be finalised.

The next move in US interest rates will be up, which will have an effect worldwide – including on Australia’s residential property market.

Welshpool-based contractor MACA has raised its full-year net profit by 12 per cent to $55.4 million despite weather setbacks during the year, and increased revenue by 25.2 per cent to $595.4 million.

Former Toll Group executive Paul Ebsworth has been appointed chief operating officer of the Perth-grown auto retailer and logistics firm Automotive Holdings Group.

BGC has been awarded a contract worth more than $100 million to restart operations at Arrium Mining's Iron Knob mine in South Australia.