MinRes upbeat despite debt, corporate watchdog probe
Mineral Resources says it will be generating “significant cash” by the end of the year as it shrugged off concerns.
Mining Energy
Faltering coal and record gas exports drive energy price rises
The challenges faced by the electricity grid have been thrown into sharp relief as record solar output fails to offset coal outages and a lack of interconnection, driving spot prices higher.
Coal slump drives up electricity prices
Record electricity demand and a spate of coal outages that fell as NSW endured hot weather has sent the cost of producing electricity up more than 80 per cent, threatening to increase bills.
Carbon credits surge as corporates seek abatement
The value of Australian carbon credits increased by almost a third to $1.1bn last year, a report by research and advisory company RepuTex has found.
Red Hawk backs Fortescue’s $254m takeover offer
Red Hawk Mining managing director Steven Michael wants shareholders to accept Fortescue’s initial $1.05-per-share offer which will rise if it secures at least 75 per cent of the company.
Energy operator granted power to step in if grid hacked
Australia’s energy grid is increasingly driven by foreign-manufactured components and that has prompted new powers for the Australian Energy Market Operator.
Offshore wind developers start surveying ahead of auction
The acceleration of works is a boost to Victoria’s hopes of developing an offshore wind industry to replace the state’s coal capacity.
Revealed: staff not sent to assess mine site
Work has begun to redevelop the Blayney gold mine in line with a bombshell heritage decision which was made without on-site investigations.
Chinese giant abandons WA lithium refinery expansion
China’s Tianqi has axed a major expansion of its lithium hydroxide refinery in Kwinana, Western Australia, as the poor market conditions for the alkali metal hammer the industry.
Flooding rains halt Rio Tinto iron ore operation
A loader at Rio Tinto’s Pilbara iron ore operations is out of action following flooding rains brought by Tropical Cyclone Sean.
‘Tens of millions’: BHP sackings tip of corruption iceberg
BHP is investigating allegations contractors were paid millions for non-existent or greatly exaggerated work at its Queensland coal operations, after sacking 26 workers from one site.
Emergency diesel backstop to prop up grid
A rule change will see two diesel generators used to prop up the South Australia grid as the state struggles to reconcile renewables with ensuring grid security.
Cooling climate action clouds solar’s surge
The global surge in solar power will end in 2025 as less ambitious climate action results in growth in the number of installed PV cells stalling, energy group Wood Mackenzie has predicted.
Fortescue’s US hydrogen project on shaky ground
Donald Trump’s return to the White House casts more doubt over Fortescue’s ‘green’ hydrogen production plans in the US state of Arizona as it assesses its European and South American options.
Santos production to jump amid expansion plans
The energy group, led by Kevin Gallagher, expects production to jump next year as a major growth project comes online.
BHP sacks contractors as its corruption investigation widens
Mining giant BHP’s internal investigation into allegations of corruption involving its Queensland coal operations has led to the sacking of dozens of contractors.
Cannon-Brookes’ SunCable energy project unveils new CEO
The Mike Cannon-Brookes-backed SunCable undersea energy delivery project has named a former Origin executive to take on the role of CEO.
Woodside at front line of Trump’s energy emergency
After a billion dollar bet, the Australian producer will deliver the first financial test of the new president’s pledge to ‘drill baby, drill’.
Woodside pauses hydrogen and solar projects
Woodside has paused work on a large-scale hydrogen development and a solar project as it moves to prioritise high value core assets – most notably a significant expansion of LNG.
Woodside CEO protesters guilty but unrepentant
Four anti-gas activists behind a controversial attempted protest at the home of Woodside Energy CEO have pleaded guilty to a string of offences after prosecutors agreed to drop the most serious charge.
Original URL: https://www.theaustralian.com.au/business/mining-energy/page/4