Good morning, Asian developer Atlantic Gulf & Pacific Co has approached Australia's biggest energy firms for a joint venture or supply pact to underpin an LNG import terminal which would ease a looming eastern seaboard gas shortfall. The jousting between BHP and Anglo American may be the biggest game in global mining, but the sideshow it's creating in Queensland offers a generational opportunity for local mining investors. Global dairy giant Fonterra is going back to basics and will sell famous Australian cheese brands Bega, Perfect Italiano and Western Star butter in a broadscale exit from consumer businesses to focus on its 'core' function of collecting, processing and selling milk.
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