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Rio to invest US$395 million in desalination plant

Rio to invest US$395 million in desalination plant

Major miner Rio Tinto is planning to invest US$395 million in a seawater desalination plant located in the Pilbara region of WA. Desalination plants filter salt and other impurities from seawater to create drinkable freshwater using reverse osmosis. The proposed...
QRC questions coal royalty taxes once more

QRC questions coal royalty taxes once more

The Queensland Resources Council (QRC) has again responded to the Queensland Government’s decision to impose the world’s highest royalty taxes on coal producers. QRC chief executive Ian Macfarlane said that regional Queenslanders will feel the loss of investment and...
Silver Lake not ready to give up in Leonora battle

Silver Lake not ready to give up in Leonora battle

Despite St Barbara declining to engage with Silver Lake on the sale of its Leonora assets, Silver Lake has provided a revised offer with improved conditionality. “The implied value of the Silver Lake proposal is $718 million, comprising $370 million in cash...