Iron ore prices hit 12-month high
Iron ore could remain above $US100 a tonne for some time yet, say analysts, as China rebounds from the COVID crisis.
Mining Energy
No cheap gas in ‘broken market’
Record low international gas prices aren’t on offer to major Australian industrial users in new contract negotiations.
Origin Energy employs AI for well risks
An artificial intelligence system can predict the risk of faults in over 2200 wells.
Miner makes own call on safety
A mine safety regulator says there is a disconnect between Anglo American’s definition of potentially dangerous incidents and state law.
Caves could have been saved: Rio Tinto
Rio Tinto had three options to avoid destroying the Juukan Gorge caves, which showed traces of human habitation dating back 46,000 years.
Incitec renews gas price warning
Incitec Pivot says its Gibson Island plant is at risk from high gas prices, amid debate over gas’s role in Australia’s recovery.
Narrabri pollution concerns doubted
The NSW Department of Planning has downplayed a key concern raised by opponents of Santos’s $3.6bn Narrabri gas project.
Infigen out of puff as demand falls
Takeover target Infigen Energy expects profits to fall this financial year and has suspended shareholder distributions indefinitely.
Shell buys Perth carbon farmer to cut emissions
Shell has bought a Perth-based carbon farming business as part of a broader ambition to reach net zero emissions.
Reviewed law to halt future caves blast
Aboriginal groups will have a far greater say over their land under an overhaul of the legislation that allowed Rio Tinto to detonate ancient caves.
Monadelphous faces $500m Rio suit
Rio Tinto has launched a legal bid to recover $500m it says it lost in iron ore shipments after a fire at its port in 2019.
Dirty little secrets of grandstanding greenies
Nuclear power is our clean way forward, but for the hypocrisy of environmentalists.
BP investors expect a dividend bombshell
Investors are braced for BP to slash its dividend as the oil giant slumps to one of its biggest quarterly losses.
Chevron flags cracking glitch in Gorgon gas
Chevron has flagged the potential for more problems at its Gorgon gas project facilities in Western Australia.
Rival unions join push to start new mine
AWU, CFMEU become unlikely allies to demand approval of New Acland coalmine expansion.
African ore to test Pilbara’s reserve
A mountain of Chinese money is about to change the dynamics of the iron market.
Lawyers spar over Wright royalties
An attempt by black-sheep heir Julian Wright to win back a chunk of his family’s multi-billion dollar mining fortune has been savaged by his siblings’ lawyers.
$2bn ‘riding on’ Narrabri plant
Industrial giants are warning that up to $2bn of planned spending on NSW manufacturing plants could be in peril.
Origin buoyed by ‘impressive’ pricing
Better-than-expected LNG prices helped Origin avoid fallout from tepid gas markets, while electricity sales fell.
Keating, the UK plot and how Rio was lost
This week I suggested London’s control of Rio Tinto was down to an error by Paul Keating. Naturally, I got a phone call.
Gas leak: LNG producers dump $20bn
Australia’s LNG sector has blown up more than $20bn in writedowns after French energy giant Total took a $US800m hit.
Man ‘allowed to think estate insolvent’
Julian Wright sold his stake in the valuable Wright Prospecting empire as a result of a ‘material misrepresentation’, his lawyer has claimed.
Fortescue hits new Pilbara iron ore records
Fortescue has smashed through production records, with high iron ore prices suggesting another bumper dividend.
Coal plants face an early exit
Australia’s coal power plants could face early retirement under a 20-year plan to reshape the electricity grid.
Gold price surge sparks new IPO rush
Floats are gathering in the hottest space on the market, as companies try to capitalise on the surging gold price to get an IPO away.
Indigenous blast apology kickstarts transparent change
Rio Tinto ‘absolutely’ committed to being transparent about why and how it blew up an Indigenous heritage site.
Siblings’ ‘false facts fuelled dud deal’
Julian Wright sold his share in his family’s multi-billion-dollar iron ore empire for a sliver of its true worth after being fed inaccurate asset valuations, his lawyers have claimed.
Palmer cries foul in brawl over private jet
Clive Palmer’s companies claim the appointment of a barrister to represent the funder of the Queensland Nickel liquidation lawsuit, breached a $90m settlement.
Union pressures Premier on coalmine
The Australian Workers Union has called on Queensland’s Labor government to green-light the New Acland coalmine expansion.
Oz firm to power Southeast Asia
Australia will fast-track a push to connect directly into the power grid in Southeast Asia via a subsea cable.
Original URL: https://www.theaustralian.com.au/business/mining-energy/page/199