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ORICA ANNOUNCES AMBITION FOR NET ZERO EMISSIONS BY 2050

Melbourne: Orica today announced its ambition to achieve net zero emissions by 2050, covering scope 1 and 2 greenhouse gas (GHG) emissions and its most material scope 3 GHG emission sources1,2. The ambition builds on Orica’s previously announced medium-term target to...

Zinc hits 14-year high

Zinc prices climbed to their highest level in 14 years on Thursday on supply concerns after producer Nyrstar announced a plan to cut its output due to high power prices in Europe. The most-traded November zinc contract on the Shanghai Futures Exchange surged as much...

BHP going green at Olympic Dam

BHP’s Olympic Dam mine in South Australia. Source: BHP BHP is on the decarbonisation hunt at Olympic Dam, announcing it will enter renewable energy supply arrangements with Iberdrola to reduce its emissions at the South Australia copper-uranium mine. As part of...

Coal looking at 10 more years of growth: Aurizon

Aurizon has forecast the continued growth of Australia’s coal sector to 2030, after which point a decline in the commodity may appear. Australia’s largest rail freight operator delivered 202 million tonnes of coal for its customers during the 2021 financial year,...

Rio Tinto plants doubt in coking coal’s future

Rio Tinto is working to remove coking coal from its steelmaking process, replacing it with plant matter for a cost-effective and sustainable alternative. As Australia exported about 182 million tonnes of metallurgical coal in 2019-20 at a value of $35 billion, the...