Gina Rinehart,the nation’s richest person,has become the controlling shareholder of Western Australian junior gas producer amid a drawn-out takeover battle.
Top Australian gold miner Newcrest’s shares have soared after the company said it has received a takeover offer from the world’s largest listed gold producer.
Companies such as Rio Tinto and Alcoa are backing a push for Australia to recognise their products as “critical minerals” in the green energy shift.
A major Japanese investor in Australia’s mining sector has urged NSW to scrap a plan to force coal exporters to reserve up to 10 per cent of their output for local power stations.
Booming oil and gas prices have delivered another huge revenue boost for Origin Energy,but calls are mounting for the industry to sell more gas locally.
Heavy gas users claim there is more than enough gas to go around,but sales offers are failing to flow.
The launch of the Xplor program is a sign that BHP is starting to think outside the box,casting an even wider net for potential growth options.
BHP is reassessing the future of Mt Arthur coal mine,the biggest in the Hunter Valley,as the NSW government prepares to enforce new coal price caps.
Plans to develop more gas fields off Victoria’s coast are in doubt after energy giant Woodside said federal price caps make it hard to justify taking exploration risks.
Woodside beat production guidance in 2022,but the year ended with lowering prices,losses on hedging and regulatory challenges ahead for east coast gas sales and offshore construction.
Both black and brown coal fell to their lowest average shares since the east-coast electricity market was created in 1998.