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Fortescue CEO to stand down as iron ore giant begins green transition - Fortescue Metals Group has announced that its CEO Elizabeth Gaines will stand down as the company ramps up its transition from a pure play iron ore miner into a vertically integrated green energy and resources group. One of Australia’s most prominent female executives, Gaines will...Fortescue and AGL agree to transform Hunter Valley coal centres into green hydrogen plants - Fortescue Future Industries (FFI) and AGL Energy have agreed to undertake a feasibility study to repurpose infrastructure at two coal-fired power stations in New South Wales to generate green hydrogen. The Liddell and Bayswater power stations currently account for over 40% of carbon dioxide emissions...Glencore agrees $1 billion sale of Queensland copper-gold mine to Evolution - Glencore has entered into a binding agreement for the sale of its 100% interest in Ernest Henry Mining Pty, the owner of the Ernest Henry Mining (EHM) copper-gold mine in Queensland, to Evolution Mining. The FTSE 100 commodity trading and mining giant will receive A$1...Graphite developer Evolution Energy Minerals lists on ASX in oversubscribed IPO - Tanzania-focused graphite project developer Evolution Energy Minerals has today completed a listing on the ASX in an oversubscribed A$22 million initial public offering (IPO). The company had a market capitalisation of about $32 million at the IPO price of $0.20 and made a strong start to trading with...BHP sheds more fossil fuel assets with $1.8 billion metallurgical coal sale - BHP has signed a deal that will see it divest up to A$1.8 billion in metallurgical coal assets in Australia, as the world’s largest miner continues its retreat from fossil fuels. The company will sell its 80% stake in BHP Mitsui Coal (BMC), which operates...Galileo Mining begins AC drill programme at Norseman project in WA - ASX-listed Galileo Mining has started a 10,000 metres air core (AC) drilling campaign at its Norseman Project in the Kambalda nickel belt of Western Australia (WA). The programme will test multiple prospective palladium and nickel targets within the region that have been identified by soil...Australia’s primary mining lobby group backs net-zero 2050 target - The Minerals Council of Australia – which represents the nation’s major mining players including BHP and Rio Tinto – has set a target for the sector to reach net-zero carbon emissions by 2050, in a sign of a shifting attitude towards the highly polluting coal...Core Lithium to deliver Northern Territory’s first lithium mine after FID - ASX-listed Core Lithium will start building its Finniss Project in Australia’s Northern Territory in the coming weeks after making a final investment decision (FID) on the hard rock lithium project. The decision puts Core on course to become Australia’s next producer of the key battery...Barton Gold identifies multiple new shallow targets at Tarcoola project in SA - ASX-listed Barton Gold has announced the recent identification of several new shallow targets at its Tarcoola Gold Project in the Gawler Craton of South Australia. The targets were uncovered via Ground Penetrating Radar (GPR) technology and include roughly 12 vein-like targets, a shallow stockwork-like intrusive...Latest quarterly exploration spending among ASX-listed firms reaches seven-year high - Resources exploration spending by Australian companies at home and abroad hit the highest levels in seven years in the June quarter, as the commodities sector continues to make strong gains in tandem with a broader global economic recovery from the pandemic. According to a study...
