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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...Lightsource BP to supply solar energy to 88 service stations in NSW - Lightsource BP has signed a power purchase agreement (PPA) with electricity company Snowy Hydro that will see it supply renewable energy to 88 BP service stations across New South Wales (NSW). The clean power will be derived from a 107MW solar farm in West Wyalong,...Australia’s PM unveils road map to challenge China’s dominance in mineral processing - Australia’s government has unveiled a 10-year roadmap that will boost the nation’s mineral processing capacity, as part of a plan to challenge China’s position as the world’s top supplier of products key to the clean energy transition. The Resources Technology and Critical Minerals Processing Roadmap...Australian exploration spending reaches seven-year high in December quarter - Mineral exploration spending in Australia rose by 2.5% in the December 2020 quarter, according to latest data from the Australian Bureau of Statistics (ABS). Total exploration expenditure in the final quarter of last year reached A$718.4 million – the highest quarterly sum since March 2013...Chinese investment in Australia falls by 61% in 2020 - Chinese investment in Australia tumbled by 61% last year as diplomatic relations between the two nations slumped to a fresh nadir. The Australian National University’s Chinese Investment in Australia Database (CHIIA) recorded just over A$1 billion in investment in 2020 – the lowest total sum...Climate crisis is biggest challenge facing Australian businesses: EY survey - The impact of climate change has been rated as the biggest challenge facing Australian businesses, according to a recent survey on 155 Australian executives by accounting giant EY. The survey found that 18% of Australian bosses ranked the climate crisis as the number one concern...
