Gas giants facing export squeeze
The Morrison government is expected to call on big gas producers to extend a commitment to supply extra domestic east coast gas beyond 2020 to avoid shortages.
Mining Energy
Woodside jumps at Senegal stake
Woodside Petroleum will pay $US400m to pre-empt Russian oil giant buying a 40pc stake in its $US4.2bn Sangomar venture.
Geopolitical tensions put rare earths front and centre
Demand for its core rare earths products is holding up well through the coronavirus crisis.
Heritage reform ‘won’t fix 30-year injustice’
A Pilbara native title group has said WA’s proposed new heritage laws may not rectify an injustice created nearly 30 years ago.
State push to quell Palmer’s actions
WA has applied to have crucial orders obtained by Clive Palmer set aside on the basis they were obtained without any notice to the state.
Gas blast mine in race to deliver
Months before a methane explosion badly injured five workers, the Grosvenor mine was under pressure to increase production.
WA gas move a ‘nail in the west-east pipeline coffin’
The West Australian government has banned local gas supplies being sent to the nation’s east coast.
Domestic gas ‘twice the price of exports’
ACCC urges the government to act on the ‘widening’ gap between how much Australians and foreign customers pay for our gas.
$49m loss clouds Geelong refinery
The future of one of Australia’s four remaining fuel refineries is under review after a $49m half-year loss.
Lower prices slash Beach profit
Beach Energy’s profit fell 18pc amid the COVID slowdown, but it’s avoided writedowns as it plans to send gas to the NW Shelf.
Lynas in $425m raising amid 41% profit drop
Lynas is seeking to raise $425m of equity to fund foundation projects that the rare-earths miner aims to complete in 2023.
Building a business that’s hard to break
Matt Kay calls it the rock throwing exercise – gathering his team together to see what will break the business.
Demand to end rorts over royalties
Claims of native title royalties mismanagement prompt calls for inquiry into governance of Aboriginal corporations.
Santos ‘disappointment’ over Narrabri delay
A deadline for the IPC to make a recommendation has been extended to September 30.
Iluka forgoes dividend despite solid profit
Despite a solid profit, Iluka has joined the list of major corporates holding back on dividends due the coronavirus slowdown.
Newcrest lifts payout, profit as gold soars
Newcrest will pay a higher full-year dividend after hiking profit 15pc, even after spending $US1.3bn on growth options.
Coal power to make way for battery
AGL plans to convert its Liddell coal power station in NSW’s Hunter Valley into a site housing a giant battery system.
BHP puts industry lobby groups on notice
Mining giant promises ‘real time’ disclosure of disputes with industry groups over policy positions.
Renewables take wind out of coal’s sales
Coal generation has fallen to its lowest level for at least 12 years, with the record uptake of wind and solar energy driving wholesale electricity prices to a five-year low.
Woodside on the hunt for M&A
Woodside’s first half underlying profit sank 27pc as lower energy prices took the shine off record LNG production.
Worse to come as AGL profit sinks
AGL says underlying annual profit fell by 22pc and it expects its 2021 earnings could tumble by nearly a third.
Evolution lifts payout as gold price soars
Evolution boss Jake Klein has hailed a ‘great year’ for the gold miner as it declares record profits and dividends.
Palmer skirts WA to log $30bn claim
The billionaire has blindsided Western Australia in Queensland’s Supreme Court.
Dig your own hole, activists tell coal miners
Woke investor group Market Forces claims it’s gathering shareholder support to force coal mining companies to start actively planning for their own demise.
Sanjeev Gupta extends Aussie empire
Sanjeev Gupta is set to expand his Australian empire again, with a deal to buy South32’s troubled manganese smelter in Tasmania.
Premier’s choice: mine or no union money
Queensland’s mining union is threatening to withhold campaign support for the Palaszczuk government over its failure to approve the stalled New Acland coalmine expansion.
‘Nobble Palmer or we go belly-up’
A bill aimed at killing off Clive Palmer’s $30bn legal claim has support from both sides of West Australian politics.
Gas export revenue plunges
Australia’s gas export revenue plunged by more than half in July from a year earlier.
Whitehaven wins planning approval for Vickery expansion
Whitehaven still needs to win federal environmental approvals for the $700m development.
Downer urges govt on infrastructure
Downer EDI has urged the federal government to accelerate its infrastructure pipeline, after slumping to an annual loss.
Original URL: https://www.theaustralian.com.au/business/mining-energy/page/197