Forrest swoops on Minderoo land as salt project sinks
The Forrests’ private mining company has applied for exploration licences on land covered by cattle stations that are part of the family’s vast business empire.
Mining Energy
Rio hits accelerator in hunt for new CEO
A patch-up job in Mongolia and sorting out who takes charge of its African iron ore gamble are top priorities for Rio Tinto as it nears a big call on the future of its executive ranks.
War, tariffs, growth slump to take $33bn toll on mining exports
Australia’s resources export earnings will plunge by $33bn despite surging demand for gold, according to government forecasts warning global shocks threaten commodity demand and prices.
Narrabri deal touted as Santos deadline set
The starting gun has been fired on Abu Dhabi’s $30bn Santos takeover with Beach mooted as a possible buyer of the stalled Narrabri gas project.
I flew Chris Ellison’s MinRes Air. Here’s why FIFO workers love it
The private airline owned by Mineral Resources delivers VIP perks and hot breakfast in the early hours of the morning at Perth Airport for its fly-in fly-out workforce.
Trump hails a step towards unlocking China’s rare earth exporting
The US and China have reached a new stage in their trade truce as the US seeks commitment on ending restrictions on rare earth exports that have roiled America’s advanced supply chains.
Haul truck rolled on MinRes road doing just 7km/h
Driver distraction has emerged as a potential factor in the road train rollovers besetting Mineral Resources since its problematic private haul road opened.
Victoria’s energy, climate tsar John Bradley quits
John Bradley has stepped down as pressure grows on the state government to execute a sweeping energy transition plan to meet green goals.
‘Future Made in Denmark’: Labor slammed for sending Northern Endeavour overseas
Labor is under fire for sending a government-owned oil vessel to Denmark for dismantling, bypassing local industry as its decommissioning bill is set to climb beyond $1bn.
ALP rift deepens as MP attacks Woodside CEO
Dave Kelly’s attack on Meg O’Neill and the gas industry follows similar rumblings from other Labor backbenchers in recent months.
Only MinRes would spend $140m on a mine camp with 18-hole mini golf
Any other miner would have spent $50m on a mine camp. But at Mineral Resources, double dongas and putt putt are part of the Ellison culture that will outlast its outgoing managing director.
Bowen Coking extends its shares suspension as funds hunt goes on
A halt to trading in Bowen Coking’s shares will continue while it attempts to secure ongoing finance as depressed coal prices and a punishing royalty scheme hit hard.
Aurizon profit hit from lower coal shipments
Freight giant Aurizon expects to take a hit to its profit this year as it moves fewer shipments of coal in Queensland and chases significant debts from customers.
North West Shelf face-off before UNESCO in Paris
Federal and state governments, traditional owner groups and companies including Woodside have long hoped to secure a World Heritage listing for the Burrup Peninsula.
‘Secret’ port fee row saw Chris Ellison pen letter to WA premier
A fight over $5m in iron ore shipping fees in court has revealed Mineral Resources managing director Chris Ellison asked WA’s Labor premier to intervene in the matter.
‘Far right’ labels a distraction in emissions debate, says Rinehart
Gina Rinehart urges Australians to stand up to ‘truth twisters, truth hiders and truth avoiders’ on net zero.
Santos deal in national interest – just not ours
The onus will be on the ADNOC-led bidders to demonstrate a clear benefit to Australia from the deal, in addition to merely mitigating risks. So far, they are failing to do either.
XRG targets SA talks for Santos deal diplomacy mission
Abu Dhabi’s XRG consortium is flying executives into Australia for face to face meetings as the $30bn takeover bid nears the due diligence stage.
Qld coal boss warns of wave of mine closures due to royalty hikes
Bowen Coking Coal boss Nick Jorss says Queensland’s crippling royalty regime means 500 jobs at its flagship mine are on the line as it ‘shovels money’ to the state government.
Victoria backs down on sweeping gas bans
The Victorian government has softened changes aimed at electrifying the state and reducing the use of gas following an outcry.
Alarm over $14.6bn plunge in mining royalty, tax revenue
The resources sector contributed $14.6bn less in royalties and taxes to the public purse, and it wants to have a conversation with re-elected Labor about ways to do business more productively.
Iran response: oil markets, stocks play the long game
Resources Minister Madeleine King says the Albanese government will act in national interest on the $30bn Santos takeover, as world oil markets adjust to the realities of war time.
Minister cools fears over Hormuz hit to gas
Resources Minister Madeleine King has reassured domestic gas users that they will be protected from any supply and pricing fallout in the wake of Iran’s threat to block the Strait of Hormuz.
Calls to fix ‘unprecedented’ sparkie shortage
Electrical trades are facing unprecedented skills shortages, with unions and employers demanding urgent action to avoid the need to delay key energy projects.
Worried Elution investors told everything was ‘under control’
As Tom Peever and his new bride splashed $27m on four luxury properties, shareholders in his mining start-up were worried about the enterprise the tax office now alleges was a sham.
Green tape choking Tasmania: Labor leader urges environmental law reform
A Labor state leader wants the Albanese government to adopt a radical shake-up of national environment laws that would dramatically shift the goalposts in favour of industries.
Bass Strait discovery recasts outlook for east coast gas
A new gas find in the Bass Strait, which was presumed depleted, could potentially delay predicted shortfalls in east coast supplies and undercut the case for LNG imports.
PNG names its price to Santos suitor: develop LNG
The boss of PNG’s national petroleum company says Abu Dhabi must commit to develop the $US18bn Papua LNG project should it buy Santos.
What the Treasurer will be thinking in his first major FIRB decision
The doubt surrounding Chalmers’ decision to approve or knock back the Santos takeover is creating a $3.6bn discount. Here’s why.
Rio Tinto settles with investors who alleged fraud at Mongolia mine
The legal action already exposed sensitive Rio internal communications and mixed messaging about the mine central to the company’s plans to grow its copper business, a metal directly exposed to the electrification of the global economy.
Original URL: https://www.theaustralian.com.au/business/mining-energy/page/4