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Australian mining sector at ‘transition point’, finds KPMG report - Australia’s mining sector finds itself at a key ‘transition point’, with concerns over commodity price volatility rising to the fore in the COVID-19 climate, according to KPMG’s Australian Mining Risk Forecast 2020/21 report. Climate change, natural disasters and commodity price risks were listed as key concerns...eBay Australia partners with Australian Made in local business drive - eBay Australia has partnered with not-for-profit company Australian Made in a move designed to support local businesses by providing an online market for domestic manufacturers to sell their products. The partnership, Australian Made’s first with an online marketplace, comes as online shoppers demonstrate their desire...Fortescue named one of world’s best companies for development of female leaders - Fortescue Metals Group has been ranked among the best companies internationally for supporting the development of female leaders by not-for-profit organisation parity.org. The Pilbara-based iron ore miner was one of 34 companies included in parity.org’s 2020 Best Companies for Women to Advance List, and was...Sydney goes 100% green through PPA with energy retailer - The City of Sydney has signed a power purchase agreement with retailer Flow Power that will see it become 100% powered by renewable electricity, sourced from wind and solar farms in the state of New South Wales. The Australian city said the contract is valued...Minerals Council of Australia publishes carbon emissions reduction road plan - Australia’s peak mining lobby group – The Minerals Council of Australia – has released a road map to cut carbon emissions at mine sites, in the face of growing criticism from climate action groups. The three-page climate change policy details a ‘collective commitment’ to the...Australian renewables firm Infigen Energy agrees A$828 million sale to Iberdrola - Spain’s Iberdrola has had an A$828 million bid for Australian wind and solar firm Infigen Energy accepted, as it looks to further grow its market share in Australia’s renewable energy sector. The Bilbao-based utility is already building a 320MW renewable energy project in South Australia,...H2X to build hydrogen vehicles in New South Wales - Hydrogen vehicles are set to be manufactured in New South Wales by Australian company H2X from as early as next year, according to CEO Brendan Norman. H2X is aiming to produce 20,000 hybrid vehicles from a plant at Port Kembla by 2025, in a move...Chinese investment in Australia tumbles by 58% - Investment inflows from China into Australia collapsed by 58% in 2019, revealing a shift in focus towards developing nations that have signed up for Beijing’s Belt and Road Initiative. Despite record trade between the two nations, Chinese investment in Australia fell from A$8.2 billion in...Rio Tinto apologises for destroying ancient indigenous site in Western Australia - Rio Tinto has apologised to the traditional owners of a 46,000-year old sacred indigenous site that was blown up with dynamite during work to expand its iron ore operation in Australia’s Pilbara region. The Anglo-Australian mining giant destroyed two ancient caves last week in Juukan...Mall giant Vicinity Centres cancels dividend and sets $1.4 billion raise - Australia’s second largest shopping mall manager Vicinity Centres cancelled its dividend on Monday and said it planned to raise A$1.4 billion as a buffer against the impacts of the COVID-19 pandemic. Vicinity, which operates 70 malls in Australia, said it would ask corporate investors for...
