Rio Tinto Ltd. (RIO.AU) has pulled out of an accommodation expansion project for its workers in Australia's remote iron ore-rich Pilbara region, the project's developer said Friday.
Diploma Group Ltd. (DGX.AU) said in a statement to the Australian Securities Exchange Rio Tinto had told it the Rocklea Palms Pilbara Accommodation Expansion Project had been deemed "non-essential" in its current expansion program and had been put on hold indefinitely.
Nomad Building Solutions plans to wind down one of its core businesses, after concluding it was unable to profitably service the modular building market in Western Australia.