New Hope surges on buyback and teases more to come
Coal Miner New Hope Corporation says it will buy back up to $100m of its own shares as they are trading below their true value, and has flagged the potential for more capital management.
Mining Energy
Gupta ‘stonewalling’ Whyalla steel probe
Administrators will turn their investigation to the ‘complex web’ of deals between the magnate and the collapsed steelmaker.
The phone call that turned a dreamer into a billionaire
Vikas Rambal’s first business ended in legendary acrimony, the second faltered and his third was shelved as a fantasy. Now worth $4.8bn, this is a story of keeping the dream alive.
Dude, where’s my carbon policy? Off-target ALP scrubs evidence
Labor will fail to meet key targets from the energy policy it took to the 2022 election, according to energy experts, after the party removed modelling from its website.
‘Green cowboys’ hurting energy rollout
Energy infrastructure tsar Tony Mahar says green energy developers have a long way to go to meet farmers’ concerns and earn their trust.
$2.4bn play for WA gold miner
Ramelius Resources has made its move on fellow WA gold miner Spartan Resources, winning over its smaller rival with a $2.4bn takeover bid.
Exxon, Woodside commit $350m to drill new gas wells
The dominant source of gas to Australia’s east coast could be handed a lifeline after Exxon and Woodside approved a $350m drilling campaign to deliver new supplies from the Bass Strait.
China is a manipulator of critical minerals, Linda Reynolds says
Northern Minerals’ experience trying to get Chinese-linked investors off its register gives weight to Senator Linda Reynolds’ claim the company is caught in a proxy war between Australia and China.
Rare earths group’s Chinese investors defy Chalmers order
China-linked investors are defying orders from the Albanese government to sell shares in Northern Minerals’ strategically important rare earths project.
Energy market operator on course for new gas market responsibilities
Australia’s east coast is on course to experience a looming gas shortage, and the Australian Energy Market Operator may be given the unenviable task of preventing it.
AVZ breaks silence over US talks on Congo lithium project
Perth-based AVZ Minerals has revealed more detail over its legal victory on controversial lithium project claimed by China in the Democratic Republic of Congo.
Miners say anti-coal policies based on wrong CSIRO numbers
The coal industry says the Albanese government is using incorrect costings to make key decisions about the nation’s energy mix and has singled out science body CSIRO for criticism.
The high price of Bowen’s broken vow on energy
Chris Bowen says the Coalition’s plan to keep coal in the system for longer will lead to even higher costs, backing Labor’s massive expansion of renewables despite business calls to slow it down.
Commission moves fast to impose dumping duties
The federal government has fast-forwarded dumping duties on steel imports from China, issuing a warning to importers following America’s decision to impose tariffs on steel imports.
China v Congo: the fallen miner chasing an improbable African prize
The Trump administration is set to intervene on behalf of AVZ to ensure the lion’s share of the Manono lithium project stays out of Chinese hands.
Tariff trauma’s personal for NAB chief Andrew Irvine
The boss of big-four bank NAB has more skin in the game than most in Donald Trump’s tariff war. There are also lessons for Australia out of this.
Unions seeking to force Rio to negotiating table
If successful, it will be the first majority support determination at a major Pilbara iron ore mine in more than 20 years.
Native title ruling not the success it’s claimed to be
Concern about potential compensation claims flowing from this week’s native title ruling in the High Court is overblown, writes Chris Merritt.
Bowen tells consumers ‘to shop around’ as electricity bills jump as much as 9pc
The energy regulator’s price ruling will intensify pressure on cash-strapped households and the Albanese government as the federal election edges closer. But Chris Bowen blames the coal industry for the rises.
LNG producers take aim at North West Shelf approval delays
The federal government is under pressure to make a decision about Woodside’s North West Shelf extension as the $70bn LNG export industry seeks to restore investor faith in the industry.
Original URL: https://www.theaustralian.com.au/business/mining-energy