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Rio Tinto welcomes Government’s climate action

Rio Tinto has commended the Federal Government’s emissions-reduction policy for providing support to heavy industry. From July 1, Australia’s largest polluting sites will be expected to cut their emissions intensity by 4.9 per cent a year until 2030 under a...

Narrabri coal mine life could extend past 2050

Two upcoming exploration licenses could add 15 years to the life of a Whitehaven coal operation in New South Wales. The Narrabri coal mine is Whitehaven’s only underground coal operation and produces 11 million tonnes per annum. Originally slated to operate...

Norwest rejects MinRes bid

Takeover target Norwest Energy on Tuesday urged shareholders to reject a takeover offer from fellow listed Mineral Resources (MinRes). MinRes last week opened its off-market takeover offer for Norwest Energy, offering one fully paid MinRes share for every 1 367...

Glencore Canada buys Noranda Income Fund

Commodity trader and miner Glencore Canada has agreed to buy Noranda Income Fund for C$53.2-million in an all-stock transaction. Noranda Income Fund was established in 2002 as an income trust to distribute cash flow from the zinc processing facility in...