Energy sector outlines post-Covid blueprint
Australia’s oil and gas industry will present a reform blueprint to Scott Morrison to kick-start an economic recovery.
Mining Energy
Tensions simmer over Chevron’s Gorgon fix
Tensions continue to simmer between Chevron and unions over safety fears on its Gorgon LNG project in Western Australia.
Woodside mulls Russian Senegal shake-up
Woodside was a potential buyer of Cairn’s 40pc stake in their Senegal JV. Instead it’s been snapped up by Russian giant Lukoil.
Vale to pay $US500m in New Caledonia exit
Brazil’s Vale will pay $US500m to help offload its New Caledonia nickel mine to New Century Resources.
Coal to power on ‘but port must change’
Port of Newcastle chair Roy Green declares gas a key transitionary fuel to support jobs and businesses.
From rust to gold: Rio’s big find
The miner has unveiled its long-awaited first resource at its Winu discovery in WA’s Pilbara region.
Is Rio China’s iron warrior?
Rio Tinto now looks like being a long-term leader in the Chinese thrust to lessen dependence on Australia.
Concern over power bill relief
Fresh measures are being imposed on electricity operators to shield customers from energy bill shocks.
Lynas a step closer to US processing plant
Lynas has reached a deal with the Pentagon for a market and strategy study for a $40m rare earths processing plant in Texas.
Goldminers rise as bullion breaks record
The price of gold broke through longstanding record highs on Monday as the US dollar weakened.
Climate change top of miners’ risk fears
Australia’s horror summer bushfires have put climate change at the forefront of risk factors for Australian mining companies.
Three-way fight for gold mine
An obscure patch of ground in Zambia is the subject of an ungainly tussle between three junior Australian resources companies.
EnergyAustralia keeps its Narrabri cards close to chest
EnergyAustralia, owner of a 20 per cent stake in Santos’s Narrabri gas project, has backed the gas producer’s efforts to open up a new supply source for NSW.
Miners ‘must come clean on tax’
Government needs to guard against tax avoidance in mining and energy as revenue is squeezed by COVID-19, a new analysis says.
Big players in energy network initiative
BHP, Wesfarmers and BlueScope are among Australian companies looking to find answers to lowering carbon emissions across heavy industry.
Miners told to reinvest profits
Mining companies have been urged to reinvest a larger portion of the windfall profits from the iron ore and gold price surge back into their own business.
Energy Aust eyes smelter rescue
EnergyAustralia will consider joining a rescue plan to safeguard Victoria’s struggling Portland aluminium smelter.
Miners in $9bn iron ore rush
Miners are positioning themselves to ramp up exports if prices allow.
Narrabri gas faces new test
The planning body weighing the merits of the Santos Narrabri gas development has requested meetings with NSW environment and water experts.
Santos calculations ‘do not stack up’
Santos has said its Narrabri coal seam gas development can “compete effectively” in the NSW market.
China iron ore drive delivers $9bn boost
Surging iron ore prices fuelled by high demand from China would deliver a $9bn boost to economic growth and $1.2bn in increased revenue.
China ore demand softens budget blow
Strong world iron ore prices have underpinned Australia’s economic growth and helped cushion the cost of COVID-19 rescue measures.
Renewables ‘pulling plug on coal’
Australia’s coal plants are increasingly becoming uneconomical and are operating at razor-thin margins.
Great gold price ‘should’ bring great returns
Australia’s top tier gold miners reported solid production results ahead of delivering annual financial results in August.
Newcrest production solid as gold prices rise
While short on last year’s figures, Newcrest hit its 2020 production guidance, saying it’s well placed as gold prices rise.
Evolution cash flows amid gold highs
Evolution has committed to maintaining capital investment while looking after shareholders, as gold prices remain strong.
Oaktree buys debt in coal power plant
Oaktree Capital Management has bought $36m of debt from ANZ in WA’s Bluewaters power plant, as a deadline approaches.
Santos avoids worst of oil crash
Strong LNG prices and a lift in production have buoyed Santos amid steep falls in the oil price, as it tightened forecasts.
Northern Star flags return to dividends
Northern Star Resources has posted record quarterly gold sales despite COVID-19 disruptions in Alaska.
Job-brawl cooks say let them eat kale
AWU members on Shell offshore facility to restrict catering to cold vegetarian meals and water.
Original URL: https://www.theaustralian.com.au/business/mining-energy/page/200