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Queensland to set up $2 billion renewable energy and hydrogen fund - The government of Queensland is set to establish a A$2 billion Queensland Renewable Energy and Hydrogen Jobs Fund that will support the state’s 50% renewable energy target by 2030. Expanding on the previous $500 million Renewable Energy Fund, the latest initiative will enable investments by...Australian business conditions reach all-time highs in May - Australian business conditions continued to build in May according to National Australia Bank’s (NAB) index, in a sign that the economy has the momentum to cope with a COVID-19 lockdown in Victoria. NAB’s index of business conditions climbed 5 points to +37 last month –...Q1 Australian business investment sees biggest growth in a decade - The Australian economy has received a boost in the form of better-than-expected capital expenditure figures for the first quarter, as businesses took advantage of tax breaks to buy new machinery. The Australian Bureau of Statistics revealed today that total business spending rose a real 6.3%...Australian government agrees to extend junior miners tax incentives programme - The Australian Government has announced that it will contribute A$100 million to extend the Junior Minerals Exploration Incentive four more years. The programme seeks to assist eligible junior mining companies access tax incentives to attract new investors. To date, the Junior Minerals Exploration Incentive has...Aurora Healthcare and Australian Venue Co. preparing IPOs on ASX - Private hospital business Aurora Healthcare Australia and pub operator Australian Venue Co. are the two latest companies seeking to list on the ASX, as Sydney’s IPO market continues to gain traction. Aurora Healthcare’s IPO could raise as much as A$414.8 million according to terms of the...Orocobre’s $1.78 billion deal for Galaxy Resources creates 5th largest global lithium miner - Australia’s Orocobre has announced an all-stock deal for smaller domestic peer Galaxy Resources worth A$1.78 billion, creating the world’s fifth most valuable lithium producer by market capitalisation. The merger will also establish the most valuable lithium stock on the ASX, with a A$4 million market...Billionaire industrialist Gupta insists ‘business as usual’ in Australia despite credit troubles - British billionaire Sanjeev Gupta has declared it is ‘business as usual’ at his Australian steel and coal operations, despite the looming possibility of creditors carving up his conglomerate GFC Alliance. Gupta’s business empire came under threat when its lender, Greensill Capital, collapsed leaving Swiss investment...Santos green lights $4.7 billion Barossa offshore gas project near Darwin - Santos has approved the development of its A$4.7 billion Barossa gas project off the coast of Darwin, after putting the plans on hold last year due to the COVID-driven market crash. The Australian oil and gas producer said that the green light will also kickstart...Australian iron ore exports to top $135 billion this financial year - Australia is projected to earn A$136 billion from iron ore exports during this financial year, as global steelmaking activity rebounds from a COVID-led downturn. A report released by the Australian government on Monday showed that the country’s most valuable economic export is expected to earn...Acciona and Korea Zinc agree to JV develop 923MW Queensland wind farm - Spanish infrastructure company Acciona and international metals group Korea Zinc have reached an agreement to jointly develop the 923MW MacIntyre Wind Farm in Queensland. Under the agreement, Ark Energy – a subsidiary of Korea Zinc – will take a 30% stake in the development, with...
