Mega-merger raises gold bar
The Northern Star and Saracen union creates the world’s sixth largest gold company and sets the stage for more merger activity in the sector.
Mining Energy
State rides iron ore ‘miracle’ to surplus
Western Australia’s ability to keep the massive iron ore mines of the Pilbara in production throughout the pandemic has led to a multi-billion-dollar windfall.
Third miner poised to quit council
Anglo Coal is considering its membership of the Queensland Resources Council after they ran an aggressive campaign in the state election against the Greens.
Big oil knows how to play the politicians
With the government still putting the final touches to its energy security plan, it’s an excellent time to be raising warning flags.
Ampol mulls closing Lytton refinery
Ampol may shut its Brisbane refinery and instead import fuel, amid losses caused by the pandemic’s hit to demand.
Threats to quit mine group
Queensland Resources Council’s decision to campaign directly against Greens MPs in the upcoming state election could cost the organisation.
BHP welcomes China’s plan to cut carbon
BHP boss Mike Henry says China’s goal of becoming carbon neutral by 2060 won’t hurt the mining giant’s long-term future.
Coalition supports coal plant upgrade
The upgrade will add an extra 30MW into the electricity market and reduce emissions by more than 1 million tonnes.
The retail winners from spending boost
Income tax cuts and boost to welfare should improve household disposable income in the face of the economic crunch, analysts say.
Newcrest outlines return to Toronto
Australia’s biggest gold company will return to trading on North American markets, as the company looks to the Americas for its next phase of growth.
Iron ore price a boon for revenue, workers
Iron ore prices have surged to their highest levels in six years in a much-needed multi-billion-dollar boost for state and commonwealth coffers.
All that glitters isn’t gold in merger
The Northern-Saracen management faces a big task to combine the operations and consolidate the headline figures into a gold giant that can deliver for shareholders.
BHP oil buy risks climate backlash
BHP boss Mike Henry has underlined the company’s commitment to its petroleum division, with the company snapping up an extra 28 per cent of the Shenzi oil and gas project.
Gas-fired manufacturing to get economy back to work
The Morrison government is betting on a “gas-fired recovery” as part of its multibillion-dollar plan to lower carbon emissions and resuscitate the country’s manufacturing sector.
Iron ore keeps economy kicking
Iron ore and coal exports will carry the economy through to the end of June.
Northern Star, Saracen in $16bn merger
The biggest gold merger for years brings Kalgoorlie’s Golden Mile under a single company for the first time in its 125-year history.
Proxies claim first scalp
Proxy advisers and institutional shareholders have claimed their first major win on boardroom pay for this year’s annual reporting season.
Newcrest CEO rides gold surge for bonus
The boss of gold miner has emerged as one of the top paid CEO’s on the ASX.
Incitec backs hub model for gas recovery
Australia’s largest commercial gas user, Incitec Pivot, has urged the federal government to press ahead with a reset of the gas market.
Subsidy boost to create 100,000 apprentices
More support is needed to make a post-pandemic trainee boom a reality warns the nation’s peak building lobby.
First great gas battle is over, now for the war
Santos has spent years clearing hurdles to develop Narrabri.
Pandemic pain persists for big oil
Major oil firms signalled they remain under extreme pressure, and oil prices slid, as demand for fossil fuels rebounds slowly.
Kean ‘out of step’ on Narrabri: PM
Scott Morrison has admonished NSW Energy Minister Matt Kean for stating it would be a gamble for Santos to proceed with its Narrabri gas project.
Banks told to cut oil and gas funding
Activist group Market Forces is demanding NAB and ANZ reduce their exposure to the fossil fuel sector.
Adani sign-off ‘removes barnacles’
The Palaszczuk government has signed the long-stalled royalties agreement with Adani over its coalmine project in central Queensland.
BHP urges big business-led rally
Mike Henry has called for big business to lead Australia’s post-pandemic economic recovery.
Santos project and Port Kembla LNG plant can coexist
Santos has consistently argued that Narrabri will provide a cheaper option than any LNG import schemes.
Regional recovery: first rain, then gas
With the Santos gas project finally approved by the NSW government, Narrabri Mayor Ron Campbell is positively basking in his town’s new-found potential.
Narrabri win unlocks $2bn of investment
Industry is happy but opponents threaten intervention after Santos wins approval for its Narrabri coal seam gas project.
Emissions road map ‘doesn’t get us there’: energy leaders
Leading energy figures back the government’s plans but admit there is some way to go for a positive outcome.
Original URL: https://www.theaustralian.com.au/business/mining-energy/page/182