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Lithium battery maker Magnis signs $100 million sales deal with US govt supplier - Australian lithium-ion battery producer Magnis Energy Technologies announced yesterday that its unit in New York secured an additional binding sales agreement with a US government supplier. Imperium3 New York (iM3NY) – Magnis’ energy storage systems unit – signed a A$100 million sales deal for a period...22,000+ hectares Australian forestry estate acquired by AXA IM Alts - AXA Investment Managers Alternatives (AXA IM Alts) has announced the acquisition of the Green Triangle Forest Products estate in Australia from US-based Global Forest Partners, in a deal reported to be worth more than A$700 million. The acquisition – AXA’s largest yet in timberland –...Woodside Petroleum linked to bid for all of BHP’s oil and gas assets - An unsourced media report today has linked Woodside Petroleum with the acquisition of 100% of the oil and gas assets owned by mining giant BHP. Analysts and an investor referenced in a Reuters article claim that Australia’s top independent gas producer is in talks with...International consortium reveals plans for $70 billion green hydrogen project in Western Australia - An international consortium comprised of developers from Hong Kong and Australia has unveiled plans to use 50GW of wind and solar PV capacity in Western Australia to produce green hydrogen and green ammonia. The Western Green Energy Hub would be built across 15,000 km2 of...Barton Gold to begin drilling at South Australia projects next week - ASX-listed Barton Gold is planning to mobilise a drill rig at the Tarcoola and Tunkillia gold projects in South Australia, just two weeks after its oversubscribed A$15 million initial public offering (IPO). The 11,100 metre reverse circulation (RC) campaign will commence next week, with Tarcoola...Iron ore exports drive Australia’s record trade surplus with China in May - Australia has reported a record trade surplus with China in May, as iron ore exports continued to reach new highs despite ongoing trade and political tensions between the two countries. China accounted for 39% of Australia’s total exports of A$42.23 billion in May, according to...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...
