Financial pressure on Rio to blast Juukan Gorge
Rio Tinto’s board review of the destruction of Juukan Gorge outlines a long list of ‘systemic’ failings that led up to the debacle.
Mining Energy
Forrest eyes PNG hydro power export play
Andrew Forrest and FMG are considering a plan to revive a $5bn hydro power scheme in Papua New Guinea.
Vesey exits PG&E early
PG&E emerged from Chapter 11 bankruptcy in July following a restructuring after its equipment was linked to destructive wildfires that hit California in 2018.
Orocobre raises to expand lithium project
Orocobre will use a $126m raising to expand its Olaroz lithium project in Argentina, as it posted a net loss of $US67m.
Marine pilot border ban puts ore exports at risk
The iron ore industry risks a significant slowdown, as a WA border crackdown threatens to limit the number of shipping port pilots.
BHP flags intent for more joint ventures
BHP has signalled a greater focus on building joint exploration ventures with junior miners.
Coal miners ‘to negotiate’ Port of Newcastle access
This is the latest move in the running stoush over charges and investment at the privatised port.
Adani legal bid to raid activist’s home
Indian mining giant Adani twice sought a court’s permission to raid the family home of an environmental activist.
Solar rush generates grid risks: AEMO
The market operator has grown increasingly concerned that solar at times generates so much surplus energy that demand falls near zero.
Downturn in the pipeline for APA
APA Group lifts annual earnings 5pc but warns economic jitters ahead could mean lower gas volumes and project delays.
Emissions up as coalmine stalled
Net emissions at a Queensland factory have increased after it was forced to source coal from another supplier while the New Acland mine waits for approval.
Coal miner’s profit drops 95%
Whitehaven Coal shares fell sharply after its profits plunged 95 per cent on the back of tumbling coal prices.
Try again: Big super heavies Rio over Juukan
Australia’s biggest super fund has told Rio Tinto its penalties for the Juukan Gorge blast “fall significantly short” of appropriate and need a rethink.
Aldi flicks switch to renewables
The supermarket major’s Australian operations will be powered with renewable energy, after a landmark partnership deal.
Worley lifts payout after ‘dynamic’ year
Contracting giant Worley, which now has 40,000 working from home, has increased its dividend after a 13pc lift in net profit.
Renewables investment ‘curtailed’: Spark Infrastructure
Spark Infrastructure says the outlook for renewables investment has soured amid regulatory and market hurdles.
Alumina profit slumps 60pc
Alumina’s first half earnings sank as the pandemic hit the sector, although the Portland smelter managed a thin profit.
Court delivers border blow to Palmer
Clive Palmer’s bid to break WA’s border closure may be headed for the High Court after he was dealt a legal defeat.
Oil Search pulls dividend
Hefty writedowns on PNG assets have helped deliver a first hefty first half loss for Oil Search, which pulled its dividend in response.
Refinery under pressure as Ampol slumps to loss
Ampol’s Lytton fuel refinery is facing more questions about its sustainability after a major contribution to a heavy first-half loss.
‘Tinker with tax’ to put fire under gas
Australia’s oil and gas industry is pushing Josh Frydenberg to amend the $1.4bn-a-year Petroleum Resource Rent Tax.
Rio chairman stands by his man
When you’re running operations that last for decades, decisions made 10 years ago often haunt the current operator.
Fortescue posts record profit, lifts dividend
Fortescue Metals’ record profit, and higher dividend, comes as it ships more iron ore than ever before and prices soar.
Rio CEO loses $5bn bonus over Juukan blast
Rio Tinto’s CEO to forfeit about $5m over destruction of priceless archaeological site, but he’ll still lead the miner’s response.
Andrew Forrest’s $3bn dividend bonanza
The billionaire Fortescue chairman will pour big sums into his Minderoo Foundation after another big payday.
Watchdog set loose on solar cowboys
Energy Minister Angus Taylor has tasked the Clean Energy Regulator to lead an investigation into the household solar industry.
Glencore in Newcastle port win
Full Federal Court rules in Glencore’s favour and sends a dispute over Newcastle port charges back to the competition tribunal.
Victoria’s only hope of a quick recovery
It is a tragedy that vote-grabbing by both the ALP and Coalition have blocked development of Victoria’s huge onshore gas reserves.
Tax relief call for oil, gas explorers
Australia’s oil and gas industry has made a pitch to government for an exploration tax break already used by miners to be extended.
Santos plans ‘carbon sink’ to cut gas emissions
Santos is devising a giant scheme to strip out and bury carbon from gas supplies in the South Australian outback.
Original URL: https://www.theaustralian.com.au/business/mining-energy/page/186