This Month
AMCI’s Fitzroy tests water for debt deal
Should the talks results in a deal as expected, Ironbark is expected to seek at least $50 million.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Eraring set to benefit from high electricity prices
Origin may not need to tap the $225 million compensation fund unveiled by the NSW government this week.
- Elouise Fowler
- Opinion
- Chanticleer
Why NSW had to underwrite Origin’s coal-fired plant
NSW cannot afford to allow Origin Energy to shut Eraring Power Station, so it has offered up a generous insurance policy.
- Anthony Macdonald
- Opinion
- Chanticleer
Private capital not there for nuclear dream
There’s vested interests everywhere in the energy sector, but it’s hard to find a deep-pocketed investor interested in nuclear over renewables and gas.
- Anthony Macdonald
- Analysis
- Mining
Inside Anglo American’s rushed break-up plan
Some of the most senior executives at Anglo American were caught off-guard by Duncan Wanblad’s spectacular break-up plan. Even the CEO himself.
- Updated
- Peter Ker
- Opinion
- Energy transition
Keeping Eraring open is about engineering not morality
The imminent decision around when to close Australia’s biggest coal-fired power station is a watershed moment between an ideological approach to climate change and the laws of physics.
- Matthew Warren
Anglo American wants a single buyer for its Australian coal division
The London-listed diversified miner this week unveiled a major divestment plan designed partly to keep a $64.4 billion buyout proposal from BHP from succeeding.
- Peter Ker
CEO hails progress as AGL ups guidance again
The energy giant backed by software billionaire Mike Cannon-Brookes bumped the lower bound of its full-year guidance up by $80 million.
- Updated
- Ben Potter and Jemima Whyte
Second-largest super fund blacklists thermal coal investments
Superannuation giant Australian Retirement Trust will stop investing in most thermal coal companies from July as part of a plan to hit net zero emissions across its portfolio by 2050.
- Lewis Jackson
April
Coal mine methane twice official disclosures: Sims
Australia’s open cut coal mines could be emitting twice as much methane as official disclosures suggest, casting doubt on national carbon emissions data.
- Ben Potter
Anglo to run investor gauntlet after rejecting BHP’s $60b bid
The market is tipping BHP can come back with a higher offer, as it moves to acquire more copper assets. But first, Anglo American will face its own shareholders.
- Joshua Peach and Liam Walsh
- Opinion
- Chanticleer
BHP’s complex bid for Anglo American is a bet on the future
After years of shrinking to greatness, BHP boss Mike Henry is eyeing a deal that could deliver a triple victory. But it’s complex, and possibly risky.
- James Thomson
Whitehaven’s Blackwater selldown may be upsized; JFE keen
Sources said JFE Steel Corporation, Japan’s second-largest steel producer after Nippon Steel, is in advanced discussions to acquire a circa 10 per cent stake in Blackwater.
- Sarah Thompson, Kanika Sood and Emma Rapaport
BHP suffers new productivity hit in Queensland coal
Another downgrade means the miner spends almost seven times more money to dig a tonne of coal out of the sunshine state as it does for each tonne of iron ore in WA.
- Peter Ker
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.
- Elouise Fowler
Can one of our dirtiest coal plants reap a green bonanza?
Verdant Earth has lofty ambitions to turn the moribund Redbank into a major clean energy precinct using biomass. Environmentalists are still unhappy.
- Ben Potter
China’s biggest steel maker exits Queensland coal
Chinese state-owned steel maker Baowu has called time on a dirty decade by selling an undeveloped coal asset acquired in the 2014 takeover of Aquila Resources.
- Peter Ker
Clock ticks on BlueScope’s dibs at South32’s $2.5b coal sale; DD afoot
The confidential deed grants BlueScope 60 business days to look at the books, followed by another 20 days to exercise its matching rights.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Coal power surge raises pressure to extend Eraring
A surge in coal generation in NSW in the March quarter has put pressure on Origin and the state government to postpone closing Australia’s largest power station.
- Ben Potter
Bankers on the scene at PE-owned Queensland coal mine Olive Downs
Jefferies’ US-based resources bankers have been trying to line up buyers for a stake in Olive Downs, which will be housed in a new continuation fund.
- Sarah Thompson, Kanika Sood and Emma Rapaport
