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Mining & Resources
PETER HANNAM 12:15am AGL has attributed large fluctuations of groundwater levels at its coal seam gas monitoring bores near Gloucester to the effects of sampling but water experts say more information is needed before interference with the water table can be ruled out.
Angela Macdonald-Smith 12:15am The global oil and gas industry needs to cut costs by at least $US170 billion to avoid an increase in net debt, according to consultancy Wood Mackenzie.
PETER KER 6:00pm The aluminium maker is enjoying a 17 per cent fall in the Australian dollar
Angela Macdonald-Smith 5:34pm The dive in oil prices could wipe more than $30 billion from Australia’s export bounty from liquefied natural gas in 2017-18, gouging a huge hole in revenue compared to the projections of just a year ago, according to Westpac economists.
Annie Gowen In the hilly Singrauli region of northern India, animals feed on ash-covered grass, smoke stings the eyes and burns the throat, and the reservoir is foul with toxins such as mercury and arsenic. Even the breakfast eggs are grey.
PETER KER High-cost mines are starting to close as the iron ore price slump persists.
Angela Macdonald-Smith A warning of writedowns has cast a shadow over a bumper quarterly report for Santos, reminding investors of the pain to come as a result of the dramatic dive in global oil prices.
PETER KER The muck is starting to hit the fan in Australia’s iron ore industry, where companies reported more than $3billion in asset writedowns this week, along with the probable loss of more than 500 jobs.
PETER HANNAM The NSW Environment Protection Authority has found AGL and its contractor Transpacific Industries were not in breach of pollution licence conditions despite ignoring demands it avoid discharging water from fracked coal seam gas wells into Hunter Water’s sewage network.
BHP Billiton will scale back its US shale oil and gas operations and report multimillion-dollar impairments
PETER KER The Australian miner looks set to trim capital spending even further in the wake of sliding prices for oil, iron ore, coal and copper.
Angela Macdonald-Smith Santos is negotiating with gas buyers, manufacturers and international companies as it seeks to sell about 30 per cent of its proposed $2 billion Narrabri coal seam gas venture in NSW.
PETER HANNAM Key departments in the Baird government have “been captured in a big coal and gas rush” that has run roughshod over environmental protection measures, according to a former state ecologist.
China beat a key energy efficiency target in 2014, cutting its energy intensity by 4.8 per cent from a year earlier, the State Council said on Tuesday, as it tries to reduce pollution and greenhouse gas emissions.
PETER KER BHP Billiton has responded to the oil price slump by scaling back operations in its US shale division, and flagged the prospect that the petroleum division could wear impairments of up to $US250 million.
PETER KER Citic Limited warns that falling iron ore prices will force multibillion dollar impairments on its Australian assets.
PETER KER The nickel aspirant has struck gold in Western Australia.
PETER KER Rio Tinto production results show the miner exceeded expectations for iron ore production and sales.
PETER HANNAM The Baird government has been accused by Labor of trashing environmental safeguards by granting AGL permission to frack coal seam gas wells before monitoring had been approved.
A third processing unit at PNG LNG could be approved in 2017.
PETER KER A development decision on a third train at PNG LNG should happen before December 2017.
Amanda Saunders Rio Tinto is tipped to reveal it has sold more stockpiled iron ore than expected on Tuesday, to bolster its balance sheet ahead of a highly anticipated round of cash returns next month.
PETER HANNAM Almost a quarter of freehold land in the Muswellbrook Local Government Area and large chunks of other parts of northern NSW are now owned or occupied by coal companies, a survey of land records by Lock the Gate shows.
PETER KER BHP's shale contractor in the US has started preparing for spending cuts.
A central Queensland green group has initiated a legal challenge to the largest coal mine in Queensland.
Amanda Saunders Woodside Petroleum has advised it is set to cut capital investment this year after the plunge in crude oil prices, despite reporting record sales for the full year.
Julie-Anne Sprague and Tess Ingram Western Australia’s Department of Mines and Petroleum is investigating serious safety concerns at Gina Rinehart’s $10 billion Roy Hill iron ore mine.
China's state planning agency has ordered the city of Shanghai and the provinces of Zhejiang, Jiangsu and Guangdong to draw up plans to reduce coal consumption in a bid to improve air quality, according to a policy document released on Wednesday.
President Barack Obama's administration unveiled rules on Wednesday to slash US methane emissions from oil and gas production by as much as 45 per cent from 2012 levels by 2025, in its latest move to solidify the Democratic president's credentials on climate change.
Vesna Poljak, Greg Earl and Peter Ker The price of copper plunged to a more than five-year low on Wednesday, as the metal joins iron ore and oil as victims of the commodity price crash, drawn out by a fresh blow to global growth.
Amanda Saunders Rio Tinto is facing a fight with receivers of collapsed mining services firm Forge Group to keep $100 million in bank bonds the mining giant called down on terminating a string of contracts days after the company fell over.