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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...Large scale solar growth pushes Australian renewables to 21% in 2019 - Renewable energy accounted for 21% of Australia’s electricity generation in 2019, according to latest figures released by Australian Energy Statistics on Wednesday. Australian renewable energy use grew from 19% in 2018 to 21% last year, largely thanks to surging growth in the large scale solar...Japan’s Asahi to complete acquisition of AB InBev’s Australian business in June - Asahi Group Holdings plans to borrow US$11 billion in order to complete its purchase of AB InBev’s Australian business, after a A$16 billion deal was agreed with the world’s largest brewer in July last year. In a statement on Monday, Japanese brewer Asahi said it...Australia calm in face of Chinese changes to iron ore inspection - Australia’s trade minister has welcomed potential changes to China’s inspection procedures and rules relating to iron ore shipments, a move which has been described as ‘another implicit warning to Australia’ by a Chinese research fellow. China’s customs authorities issued a notice over new supervising rules...Rio Tinto to relax COVID-19 controls at Western Australian operations - Rio Tinto will de-escalate its COVID-19 controls across its Western Australian operations as the state enters its second phase of easing restrictions relating to controlling the spread of the pandemic. The mining giant plans to gradually revert work rosters across its operations in the coming...Queensland government to make rescue bid for stricken Virgin Australia - Queensland’s Treasurer Cameron Dick has called on the government to take a financial stake in Virgin Australia, calling it a bid that it ‘can’t afford not to make’ with the airline currently in danger of collapse. The carrier – with its headquarters in Brisbane –...Mega renewables project given environmental green light in Western Australia - The developers of a renewable energy generation and export hub with a potential capacity of up to 15GW have received environmental backing for the project from the Western Australian Environmental Protection Agency (EPA). Environmental approval for the Asian Renewable Energy Hub (AREH) was recommended this...Australian government to make $300 million available for hydrogen fund - The Australian government has announced it will make up to A$300 million available for a new Advancing Hydrogen Fund and will change the investment mandate of the Clean Energy Finance Corporation (CEFC) in the process. In a joint statement yesterday, energy minister Angus Taylor and...Australia’s Origin Energy to take $507 million stake in UK energy retailer - Origin Energy has agreed to acquire a 20% stake in UK retailer Octopus Energy for AUS$507 million, with an exclusive licence to use its technology in Australia, both companies announced on Friday. Australia’s top power and gas retailer said the partnership with Octopus and use...
