Brian Robins

Power shortages loom following capacity shutdowns

Brian Robins The planned shutdown of uneconomic power stations in NSW and South Australia could lead to power shortages across those two states, as well as Victoria, by the end of the decade.

AGL to pocket $500m from Macarthur windfarm sale

Forecast: AGL has called for bipartisan support for renewable energy policies.

Brian Robins AGL expects to pocket $500 million from the sale of its share of the Macarthur windfarm, 300 kilometres west of Melbourne, by the end of the year, as it called for bipartisan support for renewable...

Decision over controversial Gloucester gas project over a year away


Brian Robins A decision about the controversial plan to develop gas reserves at Gloucester, north of Newcastle, is at least a year away, as AGL works to finalise technical and other feasibility studies.

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AGL hikes earnings per customer

AGL beat expectations also on the final dividend, declaring a payout of 34c per share, 1c higher than consensus estimates.

Brian Robins Energy utility AGL has boosted profits per customer despite intense competition in energy markets which has prompted it to take an axe to costs.

Plug set to be pulled on Victoria's power price advantage


Brian Robins Electricity prices in Victoria are expected to trend higher once the state's electricity producers gain greater access to the South Australian market.

Power prices dive as carbon price axed, competition rises

Network costs make up about half of what electricity retailers charge consumers.

Brian Robins Households could shave more than $1000 off their annual power bill thanks to the removal of the carbon tax along with heightened market competition following the deregulation of the NSW electricity...

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Molycorp, sole US rare earth producer, files for bankruptcy

Lynas was $191,000 positive free cash flow in March.

Brian Robins The sole US producer of rare earth elements has collapsed, signalling the ongoing pressures on producers and complicating ambitions of a range of potential new suppliers.

Mesoblast to accelerate research on promising kidney treatment

Silviu Itescu.

Brian Robins Promising research data will prompt Mesoblast to seek to expedite a new round of advanced clinical trials for a potential treatment for complications arising from diabetes.

Sirtex Medical soars on cancer conference presentation

Sirtex Medical CEO Gilman Wong ... UBS says the company could aspire to a market four times larger.

Brian Robins Unusually strong comments from researchers about Sirtex Medical's liver cancer therapy helped boost the company's share price, which soared 14 per cent on Monday.

The $9b waste that is Australia's solar industry

It's argued Australia should have taken a more industrial approach to solar power instead of pushing household subsidies.

Brian Robins It's been dubbed 'middle class welfare' of the first order.

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Mark Creasy's wealth rises $630m on planned Independence-Sirius mine merger

Millionaire prospector Mark Creasy's wealth has surged on the Independence Group-Sirius merger.

Brian Robins A little over 20 years after selling two gold deposits for $123 million, the worth of the British-born mining engineer Mark Creasy rose $630 million Monday.

Billions wasted on solar subsidy, says report

Billions wasted on solar panels.

Brian Robins It ranks among the worst government decisions of all time, with as much as $9 billion of the estimated $14 billion spent installing rooftop solar systems over the part few years wasted.

Electricity price cuts, privatisation plans under threat as power networks set up fight with regulator

AER's spending cuts to be challenged by Networks NSW

Brian Robins The prospect of lower electricity prices in NSW is in disarray following the decision of government-owned power companies to try to block spending cuts imposed by regulators.

Singapore investor Kwan Chee Seng parlays $1m investment in Variscan Mines into $3.6m in less than a month

Variscan's Greg Jones was attracted to France by the government's open approach to mining.

Brian Robins A near five-fold jump in Variscan Mines' shares after strong drilling results has been a bonanza for Singaporean businessman Kwan Chee Seng.

Gladstone to be the site of new $700 million oil refinery

Brian Robins Gladstone could be the location for a $700 million 'niche' oil refinery, with a joint venture of local and overseas partners launching formal studies.

Obesity epidemic drives multimillion-dollar drug deal

The deal is a major coup for Australian scientists.

Brian Robins The global obesity epidemic has paved the way for local scientists drive a deal that could be worth hundreds of millions of dollars in one of the richest deals of its type seen in Australia.

Sirtex Medical shares surge on liver cancer trial results and strong sales

Sirtex's shares rose 27.2 per cent in mid-morning trading on Thursday.

Brian Robins Sirtex Medical's shares rose sharply after the cancer treatment specialist disclosed improved survival rates for liver cancer patients using its novel radioactive spheres.

NSW power companies hike job losses on spending cuts

It's estimated 2750 jobs could go at NSW power companies.

Brian Robins Funding cuts will slash up to 2750 positions, a higher number than first estimates, as the industry regulator tries to bring down power bills.

Actew-AGL job losses to follow power sector spending cuts

Brian Robins AGL's half-owned Canberra-based utility, Actew-AGL, has become the first utility to challenge a regulatory ruling under the new rules, following deep cuts to planned spending imposed last week.

Gas squeeze to threaten up to 83,000 jobs, overhaul demanded

The manufacturing sector has no confidence in long-term supplies from the gas industry.

Brian Robins Manufacturers have called for an overhaul of the domestic gas market to ensure surging east coast gas exports will not squeeze supplies to large industrial users, resulting in a threat to tens of...