Tariff fight pitches Middle America against China’s factories
There’s a new pain threshold being calculated by global markets, and it’s getting to the point where the winner really will take all.
Mining Energy
Coal-fired power generator shut down by blast
Queensland’s troubled Callide coal-fired power station has again had a generator forced offline for weeks by a serious safety incident – described by its owners as a ‘pressure spike’ and by workers’ representatives as ‘an explosion’.
Queensland mine explosion puts Peabody’s $6.3bn deal in doubt
New York-listed Peabody Energy back pedals on coal mine acquisition after explosion at Moranbah North in Queensland.
Putting energy back into common sense
The engineers and bean-counters are back in control of the Queensland electricity system in what should be a template for the national grid.
Takeover target Gold Road says report reveals true value
Gold Road says shareholders will benefit from knowing the true potential value of taking operations at the jointly run Gruyere mine in WA underground, after it was handed a report.
BHP axes more contractors as coal price falls
BHP-run coal miner BMA has dumped contractors hired for rehabilitation work in Queensland.
WA green hydrogen hopeful collapses in another industry blow
The collapse of Infinite Green Energy, once chaired by former Woodside Energy chief Peter Coleman, adds to the growing list of prospective hydrogen projects which have failed to materialise.
Administrator in bid to seize Whyalla Ports from Gupta
KordaMentha has lodged a legal bid to seize control of Whyalla Ports back from Sanjeev Gupta’s GFG Alliance, arguing a ‘purported lease’ over the facility should be struck out.
Rust Belt steeled for meltdown: why tariffs matter to America
As the world melts down over Donald Trump’s tariffs, an Australian company recycling steel is coming up trumps in the US Rust Belt.
AI-powered energy data start-up lands $7.5m backing
An energy software start-up backed by Airtree has raised $7.5m to launch new software that can double what homeowners feed back to the grid. But can it help solve the nation’s solar tax?
Shock and ore as China weaponises rare earths
Rare earth stocks defied the market carnage as China’s move to restrict exports threatened key industries like defence and renewables.
Home battery help to jolt stalled industry
Labor’s proposal to subsidise the installation of household batteries will kickstart a stalled industry, but threatens to worsen inequality.
Woodside to sell 40pc of US LNG project
The deal will see infrastructure investor Stonepeak fund 75 per cent of the development expenditure over two years, tempering the concern about Woodside’s capacity to fund expansion and reward shareholders.
MaxMine beefs up team to meet ambitious growth targets
Mining technology company MaxMine plans 50 per cent growth this year and has strengthened its senior management team in an effort to hit the target.
Calls to build new steel plant at Whyalla
The future of steelmaking in South Australia should be a separate consideration to what happens at the existing Whyalla steelworks, with a new greenfield site a preferred option, say industry sources.
Chevron boss sounds alarm over investment reliability
Outgoing Chevron Australia chief Mark Hatfield says Australia is at a crossroads when it comes to the future of the oil and gas sector as an attractive destination for investment.
Chevron could flip the mood on carbon capture with one project fix
Improving the performance of the carbon capture and storage unit at Chevron’s Gorgon facility would undercut allegations the technology, widely seen as needed to get to net zero emissions, does not work.
Coalition fine-tunes pledge on gas price cut
The Coalition has released new details of its plan to cut gas prices on the east coast. Full modelling has yet to be released, however.
The three fatal flaws in Donald Trump’s tariff fantasy
Trump’s ideal of a self-reliant America is built on economically flawed assumptions. The plan really is bananas.
Mining blackouts campaign hits key seats including Chris Bowen’s
Australian miners have launched a ‘Mining Keeps the Lights On’ campaign blitz including in Chris Bowen’s Sydney electorate, taking over billboards on highways and at NRL and AFL matches.
Rinehart says Dutton still a ‘good friend’ after gas policy rift
Australia’s richest person, Gina Rinehart, has cleared up differences with opposition leader Peter Dutton, with their alliance tested by the Coalition’s energy policy unveiled last week.
Rio talks up franking credits as Palliser calls for ‘sunlight’
Mining giant Rio Tinto has given its London investors a lesson on Aussie tax breaks as former WA treasurer Ben Wyatt warned of franking credit waste in ditching its dual listing.
Mount Isa copper jobs hanging by a thread
Glencore has warned local communities that its Mount Isa copper smelter and Townsville copper refinery are hanging by a thread and unlikely to survive without government support.
The bigger worry is the tariff bomb Trump has set off in Asia
Asia is the heart of the world’s manufacturing hub with Australia at the start of a complex supply chain. Despite relatively mild tariffs on our exports, Asia’s hit will be seismic.
‘Last place you want a reactor’: Stumbling PM’s nuke scare tactic
Anthony Albanese has suggested residents in the NSW Hunter Valley would be in danger under the Coalition’s energy policy, in off-the-cuff remarks at a conference where he fell off stage.
Sanjeev Gupta’s InfraBuild wins debt reprieve
Sanjeev Gupta’s InfraBuild has struck two key agreements which should avoid a possible default on its debts but the $US150m in new debt at the heart of the deal is not yet settled.
NSW coal-fired power station’s operations assured by rule tweak
The Vale Point coal-fired power station can continue to operate despite ESG pressure from its financier under a rule change allowing the country’s energy market operator to accept cash.
Hedge fund boss takes Rio to task over dual-listing structure
As Rio Tinto shareholders prepare to have their say on leaving the London listing behind, activist hedge fund Palliser Capital has accused the mining giant’s board of running scared.
State opens for prospectors in green shift
The NSW government has backed in federal Labor’s clean energy gambit with $2.5m in critical mineral exploration.
Revealed: The three executives leading race for Santos CEO
Three energy executives have emerged in a short list to replace long-time Santos boss Kevin Gallagher when he exits the oil and gas major.
Original URL: https://www.theaustralian.com.au/business/mining-energy/page/2