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Three tiny rocky outcrops discovered 300km off Western Australia's north-west coast have become the world's most valuable real estate, worth at least $5 billion to state coffers in gas royalties.
A legal technicality and Western Australia's Labour Day public holiday has left the receivers and creditors of Griffin Energy facing a $150 million shortfall on the sale of its Collie coal business to Lanco Infratech four years ago.
Macmahon Holdings has laid off another 50 workers under measures to restructure the business in the wake of losing its biggest contract.
Liquefied Natural Gas Limited has signalled its intention to seek dual listing in the US once it begins construction on its Magnolia LNG project in Louisiana.

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