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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 the government looks to boost the economy with investment in high growth sectors. Ahead of the annual budget announcement next month, Morrison...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 on a country that generates a significant bulk of its total earnings. The Australian government’s treasurer Josh Frydenberg made the request after...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 trade tensions push relations between the two countries to a new low. According to sources close to the transaction, Australia’s treasurer Josh...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 Australian diversified miner said on Thursday that GFG, owned by British conglomerate Sanjeev Gupta, will acquire 100% of the shares in...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 climate, according to KPMG’s Australian Mining Risk Forecast 2020/21 report. Climate change, natural disasters and commodity price risks were listed as key concerns...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 domestic manufacturers to sell their products. The partnership, Australian Made’s first with an online marketplace, comes as online shoppers demonstrate their desire...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 iron ore miner was one of 34 companies included in parity.org’s 2020 Best Companies for Women to Advance List, and was...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 electricity, sourced from wind and solar farms in the state of New South Wales. The Australian city said the contract is valued...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 sites, in the face of growing criticism from climate action groups. The three-page climate change policy details a ‘collective commitment’ to the...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 its market share in Australia’s renewable energy sector. The Bilbao-based utility is already building a 320MW renewable energy project in South Australia,...

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