News

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

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...

20 May, 2020

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...

14 May, 2020

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...

05 May, 2020

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...

04 May, 2020

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...

01 May, 2020

BHP allocates additional funds for COVID-19 testing centres in Queensland

BHP has announced it will allocate an extra AUS$7.6 million from its recently created Vital Resources Fund to support the establishment of COVID-19...

28 April, 2020

$20 billion wiped off AMP’s wealth portfolio during COVID-19 crisis

Market volatility onset by the COVID-19 (coronavirus) pandemic has wiped just under AUS$20 billion from AMP’s wealth portfolio, the Australia-based financial services giant...

24 April, 2020

Australian renewable energy jobs to surge in post-COVID-19 economic recovery: IRENA

Significant job growth in Australia and New Zealand’s renewable energy sectors will help to drive the recovery of the global economy from the...

22 April, 2020

Impossible Foods all set to enter Australian market

Impossible Foods, maker of the plant-based Impossible Burger, is set to expand into the Australian market after a job description for an Australia/New...

20 April, 2020

Australian business confidence collapses to lowest level on record

National Australia Bank’s latest business survey has revealed that business confidence has plunged to its lowest ever level as the economy continues to...

15 April, 2020

Australian hospitality sector ravaged by COVID-19, latest statistics show

The COVID-19 (coronavirus) pandemic has forced 70% of businesses in the hospitality sector to reduce the hours of their staff and 43% to...

08 April, 2020

Australian Vanadium cuts executive salaries in COVID-19 safeguarding measures

Australian Vanadium has announced a business strategy to safeguard its financial health and preserve its vanadium project based in Western Australia during the COVID-19 (coronavirus)...

01 April, 2020

Almost 90% of businesses to be impacted by COVID-19, says ABS

A survey conducted by the Australian Bureau of Statistics (ABS) has revealed that almost half of Australian businesses have already experienced an adverse...

27 March, 2020

Virgin Australia stands down 80% of its staff amid coronavirus crisis

Virgin Australia has stood down around 8,000 of its 10,000 employees until at least the end of May and further slashed domestic flight...

25 March, 2020

Healthcare firm Healius rebuffs $2.1 billion takeover bid from Partners Group

Australian healthcare company Healius has turned down a AUS$2.12 billion ($1.31 billion) takeover offer from private equity firm Partners Group. Healius said that the...

16 March, 2020

Alkane Resources receives financing interest from Australia’s EFA for rare earths project

Australian gold producer and rare earths developer Alkane Resources has confirmed it has received financing interest from Australia’s export credit agency (EFA) for...

06 March, 2020

Tasmania sets unprecedented 200% renewable energy goal by 2040

The Government of Tasmania has unveiled plans to double its production of clean power by 2040, citing several key advantages held by the...

05 March, 2020

Mining magnate Andrew Forrest up stake in Fortescue to 35%

Australian mining billionaire and philanthropist Andrew Forrest has acquired an additional 22 million shares in iron ore giant Fortescue Metals Group, taking his...

02 March, 2020

Western Australia tops 2019 Fraser Institute survey of mining jurisdictions

Western Australia has risen to the top of the Fraser Institute’s latest Annual Survey of Mining Companies, ahead of Finland and the US...

26 February, 2020

General Motors to retire historic Holden brand by 2021

General Motors (GM) has announced it will retire the Holden car brand by next year as the manufacturing giant looks to exit several...

17 February, 2020

South Australia’s 100% renewables target in sight after transmission line approval

South Australia’s ambition to hit net 100% renewables within a decade has been boosted by the Australian Energy Regulator (AER) approving the business...

27 January, 2020

Australian CEOs see climate change as major threat to business

An annual survey of Australian chief executives has shown that climate change is being increasingly viewed as a major threat to business. Global accounting...

21 January, 2020

Resolute sharpens African focus with $300 million sale of Queensland gold mine

Resolute Mining has signed a definitive agreement to sell the Ravenswood Gold Mine in Queensland for AUS$206.9 million, as the gold miner doubles...

15 January, 2020

Australian miners donate millions to bushfire relief efforts

A host of Australian mining companies, including global industry heavyweights Rio Tinto and BHP, have made donations to relief agencies for the bushfires...

09 January, 2020

Northern Star Resources acquires Newmont’s 50% stake in Kalgoorlie Super Pit

The Kalgoorlie Super Pit is set to have full Australian ownership for the first time in its operating life after Northern Star Resources...

17 December, 2019