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 play iron ore miner into a vertically integrated green energy and resources group.
One of Australia’s most prominent...
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 New South Wales to generate green hydrogen.
The Liddell and Bayswater power stations currently account for over 40%...
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 Ernest Henry Mining (EHM) copper-gold mine in Queensland, to Evolution Mining.
The FTSE 100 commodity trading and mining...
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 (IPO).
The company had a market capitalisation of about $32 million at the IPO price of $0.20 and made a strong...
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 largest miner continues its retreat from fossil fuels.
The company will sell its 80% stake in BHP Mitsui...
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