This Month
Karoon chairman preps for showdown with angry investors
An activist consortium led by Samuel Terry Asset Management intends to vote against five of the nine resolutions up for vote at the oil and gas producer’s AGM on May 23.
Holiday home owners to get $600 in power bill discounts
Holiday and second home owners will receive multiple $300 energy bill credits, after the government says all households would automatically receive the benefit.
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Anglo American to sell Queensland coal in big shrink, spurning BHP
Anglo American will sell or shut everything except its copper, iron ore and potash mines as part of a strategy to dodge BHP’s advances.
- Updated
Federal government backs gas imports to southern states
The extra gas will need to be delivered from the northern states from a retooled national gas network or LNG import terminals.
- Updated
- Manufacturing
Orica says lower input costs offsetting fall in revenues
The commercial explosives maker has reported a 10 per cent increase in earnings, beating analyst estimates.
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BHP has industry super’s blessing for Anglo American copper prize
HESTA chief executive Debby Blakey has thrown her weight behind BHP’s plan to become the undisputed global king of copper through the South African deal.
Chinese investment critical to reach net-zero goals
Clean energy experts warn moves that limit Chinese investment in Australia could undermine the Albanese government’s green energy goals.
April
Origin’s LNG revenue drops 8pc in March quarter
Lower global prices for oil and gas dragged down LNG revenue at the energy giant to $2.6 billion.
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BHP investors fear costly second tilt at Anglo American
Shares in BHP have dropped 5.2 per cent since it made the $60 billion bid for Anglo-American that was swiftly rejected last week.
Anglo American rejects BHP’s $60b bid for copper supremacy
Anglo American investors were already cool on BHP’s offer as the race between global mining heavyweights for copper assets hots up.
Woodside to pay $18b for hydrocarbon projects despite climate rebuke
This massive outlay comes as investor opposition to the oil and gas giant’s climate plan has grown over the past two years.
Sims says ‘high cost’ Australia-made fixation threatens green steel
The federal government’s “Made in Australia” policy threatens to destroy the country’s chance at making “green” steel, economist Rod Sims says.
South32 manganese mine repairs to take a year after cyclone in NT
Shares shot up 9 per cent in ASX-listed manganese producer Jupiter Mines after South32 confirmed global supply of the ore will be curtailed.
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- Energy
Woodside chief says her climate plan is ‘honest’, unlike some rivals
Ahead of a tense shareholder meeting next week, Meg O’Neill urged investors to support the emissions plan and back the re-election of chairman Richard Goyder.
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Santos blames lower output, prices for 15pc revenue slide
But the gas giant says the result sets it up to complete major projects including a carbon capture and storage scheme which is due to start later this year.
Melbourne, Brisbane should brace for bowser hit, retailers warn
Brent crude is up about 17 per cent since the start of the year, driven by supply concerns and escalating tension in the Middle East.
Australian coal miner to sell Russian mines, port in fire sale
Tigers Realm Coal inked the $49 million deal after the Federal Court found it had breached sanctions put in place after Vladimir Putin’s Ukraine invasion.
Independent expert denies bias in blockbuster Fortescue case
The silk representing Fortescue urged the court to view clinical psychologist Jeff Nelson’s key report as unreliable.
DFAT mulls move against sanction-busting ASX-listed Russian miner
Foreign affairs officials have not ruled out prosecuting Tigers Realm Coal, which entered a trading halt on Wednesday.
ASX-listed Russian coal miner breached sanctions law: Federal Court
This is the first time a company has been found in breach of the Autonomous Sanctions Act following Russia’s invasion of Ukraine in 2022.
