News

AC Energy to start building 700MW Australian solar project later this year

AC Energy, the power unit of Ayala Corporation, has revealed it expects to start construction of a 700MW solar project in Australia by...

11 February, 2019

Business conditions deteriorated sharply in late 2018, NAB survey finds

Australian business conditions experienced their steepest monthly fall since the global financial crisis in December, according to National Australia Bank’s (NAB) latest monthly...

29 January, 2019

Gina Rinehart retains top spot on Forbes’ Australian rich list

Mining mogul Gina Rinehart has been named as Australia’s richest person by Forbes, with an estimated wealth of US$14.8 billion. Rinehart retained her position...

17 January, 2019

Most Australian businesses focused on sustainability goals: HSBC survey

Four out of five Australian businesses want to meet common industry standards for sustainability, according to a survey of 200 Australian business leaders...

09 January, 2019

ASX takes a battering on day of volatility after Apple share price dive

Following a profit warning, Apple’s share price closed 9.96% down on Thursday, generating a wave of panic across global markets with several sectors...

04 January, 2019

Resolute produces gold from world’s first fully autonomous underground mine

Resolute Mining has delivered first gold from its Syama underground mine in Mali – the world’s first purpose-built, fully automated sub-level cave mine. The...

18 December, 2018

Australia overtakes Qatar as world’s top LNG exporter in November

Australia overtook Qatar as the world’s largest exporter of liquefied natural gas (LNG) for the first time in November, according to fresh data...

10 December, 2018

Australian mining companies breaking the law by not discussing climate change

More than a dozen of Australia’s largest mining and infrastructure companies may be breaking the law by refusing to discuss the financial risks...

05 December, 2018

BHP settles $529 million tax bill with ATO

BHP has signed an agreement with the Australian Tax Office (ATO) to settle a long-running dispute over the sale of its goods through...

20 November, 2018

Australia seeking to build potential $7 billion hydrogen export market

Hydrogen gas produced by solar and wind energy as well as brown coal is set to become the next big focus for Australia’s...

15 November, 2018

NSW to upgrade power grid ahead of renewable energy capacity surge

The state of New South Wales has outlined plans to fast track the development of AUS$2.6 billion worth of transmission capacity in preparation...

13 November, 2018

Approval of Albemarle lithium plant to yield 1,000 jobs in WA

US-based lithium producer Albemarle Corp has received state environmental approval for its AUS$1 billion Kemerton lithium plant in Western Australia, which is set...

09 November, 2018

Woolworths Group confirms $1.7 billion sale of petrol business to EG Group

Woolworths Group has announced it will sell its Australian petrol business to UK petrol retailer EG group for a sum of AUS$1.73 billion. The...

09 November, 2018

Shanghai trade fair generates Australia-China deals worth $15 billion

Trade Minister Simon Birmingham will witness the signing of business deals between Australian and Chinese companies worth AUS$15 billion at the Chinese International...

07 November, 2018

$1.2 billion Hummock Hill Island development approved after QLD government intervention

A AUS$1.2 billion tourism development on a remote and largely untouched Queensland island has been approved after a surprising intervention by the Government...

05 November, 2018

BHP announces $14.7 billion shareholder pay out

BHP will pay out a massive AUS$14.7 billion to its shareholders through a special dividend and share buyback, after completing the sale of...

01 November, 2018

Australia’s economy hits $1.8 trillion

Latest figures from the Australian Annual National Accounts have revealed that the size of the economy has reached over AUS$1.8 trillion, a 2.8%...

26 October, 2018

Australia set for worst winter harvest in a decade

Rural analysts are predicting the worst winter harvest in 10 years after much of Australia’s cropping country suffered with unseasonably long droughts in...

25 October, 2018

Australian government provides backing to green gas project

The Australian government will provide half of the funding for a AUS$15 million trial project that will produce hydrogen using solar and wind...

23 October, 2018

Australia’s first waste-to-energy plant gets financial close in WA

Construction of Australia’s first ‘waste-to-energy plant is set to go ahead in Western Australia, after winning the backing of the Australian Renewable Energy...

18 October, 2018

BHP doubles stake in Ecuador-focused SolGold

BHP has paid around AUS$84 million to increase its stake in Ecuador-focused gold miner SolGold to 11.2%, rivalling the 14.5% stake held by...

16 October, 2018

RNC Minerals recovers 90kg gold slab from WA mine

RNC Minerals, the company made famous by its discovery of over 9,000 ounces of high grade gold from a single blast at its...

11 October, 2018

Evolution Mining to lead tech and innovation hackathon in Sydney

Australian gold producer Evolution Mining will lead the discussion on mining technology and innovation at Unearthed Sydney 2018. The fourth edition of the hackathon...

05 October, 2018

Victoria leading Australia’s renewable energy drive: GEM report

A renewable energy construction boom in Victoria is set to create more than 6,000 annual jobs, according to a new report by Green...

03 October, 2018

Rio Tinto and partners to spend $2.1 billion on Pilbara iron ore projects

Rio Tinto has become the latest mining company to launch a large-scale iron ore replenishment drive in Western Australia, after it announced it...

01 October, 2018

Ramelius Resources launches $59 million takeover bid for Explaurum

ASX-listed gold miner Ramelius Resources has launched a takeover process for rival Western Australia-based firm Explaurum with the distribution of a bidder’s statement. Ramelius...

27 September, 2018

Construction of Sydney’s second international airport commences

Construction of Western Sydney Airport has officially commenced at Badgerys Creek, with Prime Minister Scott Morrison breaking ground at the site today. At the...

24 September, 2018

TPG Telecom FY profits dented by customers migrating to NBN

TPG Telecom has reported a 4.6% drop in full-year profit to AUS$396.9 million, pointing to higher power prices and customers migrating to the...

18 September, 2018

Australian business conditions rise in August

Australian business conditions rebounded in August, according to the National Australia Bank’s (NAB) latest index, following declines in the previous two months. The NAB’s...

14 September, 2018

Miners in Western Australia stumble on gold-encrusted rocks worth nearly $7 million

Canadian mining firm RNC Minerals has revealed the discovery of gold bearing rocks in Western Australia that are believed to be some of...

10 September, 2018