News

Fortescue agrees supply deal with Korean steelmaker in green hydrogen partnership

Fortescue Metals Group (FMG) will supply iron ore and green hydrogen to South Korean steelmaking company Posco after the two agreed to a...

13 January, 2021

New shipping fees at Port Hedland draw ire of iron ore shippers

Peak industry body Shipping Australia has labelled a decision to impose a new A$13,450 fee on every major iron ore export at Port...

11 January, 2021

ASX 200 shares surge as iron ore prices hit eight-year high

Australian shares closed Monday trading on another high after iron ore prices continued to soar, based on strong demand from China and supply...

07 December, 2020

Gold and battery metals drive 20% increase in resources projects in Australia

The number of major resources and energy projects in Australia rose by 19% to 335 over the 12 months ending October, with miners...

23 November, 2020

NSW promises $32 billion renewables investment drive under new roadmap

The New South Wales (NSW) government has announced a new electricity infrastructure roadmap that it hopes will drive a $32 billion private investment...

09 November, 2020

Adani Enterprises rebrands to Bravus in Latin name change blunder

Controversial Indian conglomerate Adani Enterprises has renamed itself Bravus – a Latin word that translates to ‘barbarian’ or ‘mercenary’, ‘assassin’ and ‘deformed’, language...

06 November, 2020

BP to close oil refinery in Western Australia, threatening domestic fuel supply

BP has revealed plans to stop producing fuel at its Kwinana oil refinery in Western Australia, instead converting the facility into a fuel...

02 November, 2020

Jobs in Queensland’s resources sector swell by 50,000 in 2019-20

The Queensland Resources Council (QRC) has revealed that an extra 50,000 jobs in the sector have been created in the past financial year,...

27 October, 2020

Mining magnate Forrest brings famed bootmaker R.M. Williams back into Australian hands

Australian mining billionaire Andrew ‘Twiggy’ Forrest has struck a deal to acquire iconic bootmaker R.M. Williams from a French private equity fund, bringing...

19 October, 2020

WA’s mining sector must plan for net zero emissions now, Deloitte report warns

The authors of a new Deloitte report on the future of Western Australia’s mining sector have warned that operators must begin planning net...

12 October, 2020

New Australian gold giant born as Northern Star acquires Saracen Mineral Holdings

The boards of Northern Star Resources and Saracen Mineral Holdings have approved a A$5.76 billion shares and cash deal that will create a...

06 October, 2020

Australia announces $800 million package for digital business transition

Australia has created a A$800 million funding package to advance the digitisation of businesses, as part of its COVID-19 economic recovery plan. The Federal...

30 September, 2020

Encounter Resources partners with BHP at NT copper project

ASX-listed junior explorer Encounter Resources has received endorsement for its Elliott copper project in Australia’s Northern Territory from BHP, with the two companies...

24 September, 2020

Australia to spend A$1.9 billion on renewable energy technology over next decade

Prime Minister Scott Morrison has revealed that Australia will spend A$1.9 billion in nascent renewable energy technology over the next 10 years as...

18 September, 2020

Australia puts pressure on Rio Tinto to appoint Australian chief

Australia has asked Rio Tinto to appoint an Australian as its next chief executive, in an attempt to sharpen the mining giant’s focus...

15 September, 2020

Australia to block Chinese firm’s $600 million takeover of milk brands

Australia is set to block China Mengniu Dairy’s proposed A$600 million takeover of some of the nation’s biggest milk brands, as diplomatic and...

21 August, 2020

South32 to sell stake in manganese alloy smelter to Gupta’s GFG Alliance

South32 has announced the sale of its entire stake in manganese alloy smelter Tasmanian Electro Metallurgical Company (TEMCO) to UK-based conglomerate GFG Alliance. The...

13 August, 2020

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...

29 July, 2020

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...

21 July, 2020

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...

14 July, 2020

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...

08 July, 2020

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...

22 June, 2020

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...

17 June, 2020

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...

15 June, 2020

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...

09 June, 2020

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...

02 June, 2020

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...

01 June, 2020

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...

27 May, 2020

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...

27 May, 2020

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...

22 May, 2020