‘Trillion dollar’ mining plans grind to a halt
Former bankrupt David Catsoulis was for years promising shareholders outlandish returns. Now both of his mining companies are in liquidation.
Former bankrupt David Catsoulis was for years promising shareholders outlandish returns. Now both of his mining companies are in liquidation.
The iron ore price has tumbled, hitting the world’s biggest miners as they look to increase their exposure to copper and other metals.
Almost 40 staff have been sacked at GFG Alliance’s mining operations at Whyalla, with more losses to come.
NSW producer Centennial Coal is axing 200 jobs at its Mandalong mine after failing to win a new supply deal with Origin for its Eraring coal-fired power station.
A solar farm planned on grazing land on the NSW/ACT border has enraged residents, who have questioned the corporate character of the developer.
The miner says 80 new lithium projects need to be funded to meet the tripling in demand over the next decade, as the sector surges on Chinese production cuts.
Origin has approval to run its Eraring power station at a lower minimum level when there’s little need, increasing the profitability of the facility which is under financial pressure from renewables.
Eraring was to close next year but will continue to produce power until at least 2027. Meanwhile Origin is spending $80m on a refit, while simultaneously building one of Australia’s largest batteries.
Indigenous leaders from NSW’s network of 121 land councils are preparing to discuss the consequences of Tanya Plibersek’s intervention that halted the $1bn Blayney goldmine.
Chris Ellison’s Mineral Resources is cutting costs worth $300m in a move that has pleased investors and sent the stock price soaring.
Australia’s second potential Olympic Dam-sized mine is under threat from a fresh Indigenous heritage claim under federal law seeking to override all state approvals.
The Environmental Defenders Office has an extra week to give Santos documents related to its failed bid to block the $5.7bn LNG development.
AGL Energy’s new technology business, Kaluza, plans a fivefold expansion of customer accounts to challenge Origin Energy’s own investment – market leader Octopus Energy.
One of the nation’s largest producers of ore says the technology to create so-called ‘green steel’ is not yet available on a commercial scale in Australia or Asia.
The federal and Victorian governments must consider a shorter-duration gas strategy that is specific to southern states to dodge shortfalls, writes David Close
BlackRock-backed Akaysha Energy is rolling out a network of large-scale batteries to underpin the grid as more renewables come online around Australia.
Indonesia says its global-dominating nickel industry is not the ‘enemy’ of Australia, but an opportunity for the two countries to build a global EV battery hub.
Gina Rinehart’s Hancock Prospecting has retained the top spot as Australia’s largest private company in IBISWorld’s Top 500 | SEE THE LIST
Australia will have to import LNG, leading to likely cost increases and ‘hoping and praying’ to get through next winter, industry executives warn, as Labor ramps up the energy war.
Years after the case was first launched, former mining baron Nathan Tinkler has broken his silence with an exclusive interview in The Australian. READ THE LATEST IN THE COURT CASE.
Original URL: https://www.theaustralian.com.au/business/mining-energy/page/4