News

Fortescue CEO to stand down as iron ore giant begins green transition

Fortescue Metals Group has announced that its CEO Elizabeth Gaines will stand down as the company ramps up its transition from a pure...

10 December, 2021

Fortescue and AGL agree to transform Hunter Valley coal centres into green hydrogen plants

Fortescue Future Industries (FFI) and AGL Energy have agreed to undertake a feasibility study to repurpose infrastructure at two coal-fired power stations in...

09 December, 2021

Glencore agrees $1 billion sale of Queensland copper-gold mine to Evolution

Glencore has entered into a binding agreement for the sale of its 100% interest in Ernest Henry Mining Pty, the owner of the...

17 November, 2021

Graphite developer Evolution Energy Minerals lists on ASX in oversubscribed IPO

Tanzania-focused graphite project developer Evolution Energy Minerals has today completed a listing on the ASX in an oversubscribed A$22 million initial public offering...

16 November, 2021

BHP sheds more fossil fuel assets with $1.8 billion metallurgical coal sale

BHP has signed a deal that will see it divest up to A$1.8 billion in metallurgical coal assets in Australia, as the world’s...

09 November, 2021

Galileo Mining begins AC drill programme at Norseman project in WA

ASX-listed Galileo Mining has started a 10,000 metres air core (AC) drilling campaign at its Norseman Project in the Kambalda nickel belt of...

01 November, 2021

Australia’s primary mining lobby group backs net-zero 2050 target

The Minerals Council of Australia – which represents the nation’s major mining players including BHP and Rio Tinto – has set a target...

04 October, 2021

Core Lithium to deliver Northern Territory’s first lithium mine after FID

ASX-listed Core Lithium will start building its Finniss Project in Australia’s Northern Territory in the coming weeks after making a final investment decision...

30 September, 2021

Barton Gold identifies multiple new shallow targets at Tarcoola project in SA

ASX-listed Barton Gold has announced the recent identification of several new shallow targets at its Tarcoola Gold Project in the Gawler Craton of...

29 September, 2021

Latest quarterly exploration spending among ASX-listed firms reaches seven-year high

Resources exploration spending by Australian companies at home and abroad hit the highest levels in seven years in the June quarter, as the...

16 September, 2021

UN climate official urges Australia to phase out coal industry

The UN’s Special Adviser to the Secretary-General on Climate Action Selwin Hart has called for Australia to abandon its coal mining business and...

06 September, 2021

Forrest and former PM Turnbull form Green Hydrogen Organisation

Fortescue Metals Group chairman Andrew Forrest and former Australian Prime Minister Malcolm Turnbull have formed an international body to promote the use of...

23 August, 2021

BHP plotting oil and gas exit with Woodside Petroleum merger talks

BHP is engaging in talks with Australia’s Woodside Petroleum over a potential merger of its US$13 billion-valued petroleum business. The potential transaction between BHP...

16 August, 2021

IMARC announces First Nations partner for upcoming Melbourne event

The International Mining and Resources Conference (IMARC) has announced a partnership with the Indigenous Women in Mining and Resources Australia (IWIMRA) – becoming...

12 August, 2021

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...

05 August, 2021

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...

27 July, 2021

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...

21 July, 2021

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...

14 July, 2021

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...

08 July, 2021

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...

02 July, 2021

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...

16 June, 2021

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...

08 June, 2021

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...

27 May, 2021

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...

07 May, 2021

Aurora Healthcare and Australian Venue Co. preparing IPOs on ASX

Private hospital business Aurora Healthcare Australia and pub operator Australian Venue Co. are the two latest companies seeking to list on the ASX,...

04 May, 2021

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...

19 April, 2021

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...

13 April, 2021

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...

31 March, 2021

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...

29 March, 2021

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...

18 March, 2021