After months of speculation, the Federal Government has bitten the bullet and announced a temporary cap on both gas and coal prices as part of its Energy Price Relief Plan.
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More Rio Tinto investment in Pilbara renewable energy
Rio Tinto is planning to invest a further $600 million in renewable energy assets in the Pilbara as part of the company’s efforts to decarbonise its Western Australian iron ore operations.
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Dividend windfalls from Roy Hill and Atlas
The Hancock Prospecting Group has recorded strong financial performances from its two main mining assets, Roy Hill and Atlas Iron.
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Kestrel swoops on Prospect awards
It was a triumphant evening for Kestrel Coal Resources at the 2022 Australian Mining Prospect Awards, held in Perth last night.
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Stanwell and Anglo American in green energy deal
Anglo American’s steelmaking coal business in Australia will be powered by 100 per cent renewable energy from 2025, as part of a 10-year deal with Queensland government-owned energy generator, Stanwell.
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$250 million in funding for Pilbara Minerals
Australian lithium producer Pilbara Minerals has secured a 10-year debt facility from the Australian Government, through the Export Finance Australia (EFA) and Northern Australia Infrastructure Facility (NAIF) agencies, to support the expansion of its Pilgangoora operation in Western Australia.
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Budget affirms importance of resources sector
The Federal Budget has spotlighted developing Australia’s critical mineral industry, encouraging low-emissions technology and decarbonisation, and growing the country’s workforce of the future.
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Strong WA performance boosts BHP production
Rio lowers iron ore production forecasts
Iron, gold, lithium drive record WA sales
Western Australia’s resources sector has registered record sales of $231 billion and its highest-ever employment figures in 2021-22.
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Bellevue aims for green gold
Bellevue Gold has taken a pivotal step towards its aspirational goal of becoming Australia’s first ASX- listed gold miner with net-zero emissions, by signing an early works agreement with Energy Developments (EDL) for its Bellevue gold project.
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Done deal for Dartbrook
Terms have finally been agreed to re-commission the Dartbrook coal mine in New South Wales, and it involves an alliance between three of its many suitors.
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OZ approved to unlock West Musgrave potential
OZ Minerals has been given board approval to develop its fourth operating asset, the West Musgrave copper-nickel project in Western Australia, for direct capital investment of about $1.7 billion.
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NSW has no plans to introduce coal royalties
New South Wales has indicated it will not follow Queensland’s lead on coal royalties, despite experts suggesting such a decision represents “a massive missed opportunity” for the state’s taxpayers.
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BHP to halve emissions from WA iron ore operations
BHP expects to halve emissions from the generation of electricity used to power its WA Iron Ore port facilities in Port Hedland by the end of 2024, following the signing of a large-scale renewable Power Purchase Agreement with Alinta Energy.
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Coal prices pump up New Hope profits
New Hope Corporation has delivered a net profit before tax of $1.401 billion for the year ended July 31, following an exceptional financial and operational performance across the company.
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Rio Tinto and Volvo in low-carbon partnership
Rio Tinto and Volvo Group have created a strategic partnership in which Rio will supply responsibly sourced low-carbon products and solutions to Volvo.
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Wyloo grabs major chunk of Greatland Gold
Wyloo Metals has announced an equity funding package of up to $120 million for Greatland Gold, thereby becoming its largest shareholder.
Greatland is a leading mining development and exploration company focussed on precious and base metals. It is developing the world-class Havieron gold-copper deposit in the Paterson region of Western Australia while delivering multi-project exploration upside in a low-risk jurisdiction.
Wyloo, owned by Andrew Forrest, will subscribe for 430,024,390 ordinary shares, priced at 8.2 pence per share, totalling $60 million and about 8.6 per cent of Greatland’s shares on issue.
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South32 pledges net zero goal for Scope 3 emissions
Thiess secures $700m Iron Bridge contract
Thiess has been appointed mining services provider for the Iron Bridge project in Western Australia.
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