Anglo American, a global mining giant, has announced a landmark decision to sell its 33.3% minority stake in Jellinbah Group Pty Ltd for A$1.6 billion (approximately US$1.1 billion). The buyer, Zashvin Pty Ltd, an existing shareholder, has secured this substantial acquisition, marking a significant shift in the Australian coal industry and Anglo American’s strategic operations. […]
Renegade Exploration Limited’s latest drone magnetic survey at the Greater Mongoose Prospect has uncovered multiple shallow magnetic anomalies. These promising findings have spurred the company to launch a fresh drilling program, commencing mid-October, targeting copper-gold mineralisation. The magnetic anomalies, discovered through a 130-kilometre drone survey over the highly prospective Mongoose area, are located at shallow […]
Bowen Coking Coal Ltd (ASX) has announced a significant breakthrough in its debt arrangements, achieving a Heads of Agreement with its major lenders, Taurus Mining Finance Fund No. 2, L.P. and New Hope Corporation. This development offers the company a lifeline with revised loan terms, including extended repayment schedules and reduced interest rates, crucial as […]
Arrow Energy, a joint venture between Shell and PetroChina, is poised to significantly boost its production capabilities with the initiation of Phase 2 of the Surat Gas Project (SGP) in Queensland, Australia. Known as SGP North, this phase marks a major scale-up in operations, promising to add over 130 terajoules of gas per day to […]
In a strategic move set to impact the Australian energy sector, Bengal Energy Ltd. (TSX: BNG) announced the completion of its Field Resource Maturation and Development Plan (“Plan”) for its Tookoonooka Potential Commercial Area (“PCA”) 332 (“PCA 332”). This plan signifies a pivotal step in harnessing the untapped potential of PCA 332, which spans a […]
Amazon and Vena Energy have announced the commencement of commercial operations for the Amazon Solar Project Australia – Wandoan, a new 125-megawatt (MW) renewable energy project in Woleebee, Queensland. Equipped with over 250,000 solar photovoltaic panels, this significant initiative is set to generate sufficient renewable energy to power more than 60,000 Australian homes annually, marking […]
European Energy and global mining giant Rio Tinto have signed a Power Purchase Agreement (PPA) that stands to transform Australia’s renewable energy sector. This deal ensures the entire output of the upcoming Upper Calliope Solar Farm, poised to be Australia’s largest, will be supplied to Rio Tinto. This agreement is not only the biggest solar […]
Far North Queensland is grappling with a historic weather catastrophe as intense rainfall and dangerous flooding have necessitated the evacuation of the entire town of Wujal Wujal. Nine people, initially trapped on a hospital roof, have been moved to safety, but the situation remains dire. Massive Rescue Operations in Cairns In Cairns, the situation is […]
Cairns Airport has been brought to a standstill by a developing flood emergency, as ex-tropical cyclone Jasper continues to batter far north Queensland. With the last flight arrivals at 12:45 pm on Sunday and departures halted at 2 pm due to rising floodwaters, the aftermath of the cyclone has wreaked havoc on Christmas travel plans. […]
Far North Queensland is grappling with a severe weather emergency as ex-tropical cyclone Jasper continues to cause flash flooding across the region. The freshwater supply in Cairns is dwindling, prompting officials to urge residents to conserve water. Cairns Facing Critical Water Shortage: Mayor Terry James has reported that Cairns only has about 30 hours of […]