Copper and Nickel are two critical elements for the green and clean energy revolution, now one of the world’s biggest players wants a lot more of it. BHP, the A$200 billion Melbourne based monster, has decided to go after South Australia’s Oz Minerals in a $25 a share cash deal. […]
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Historic $369 Billion for Climate Action Passes US Senate in Huge Victory for Democrats
After a marathon session and months of deal making and debate, the United States Senate passed the historic ‘Inflation Reduction Act’ – a sprawling bill aimed to bring down costs of medicines and energy – including a huge $369bn for climate change initiatives. This is the largest such direct investment […]
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Has Andrew Forrest’s Fortescue Cracked the Green Steel Challenge?
Australian mining magnate Andrew Forrest, who amassed a fortune from iron ore mining in Western Australia, is the focus of a long-form piece in the New York Times this weekend. The Times Australian correspondent Damien Cave followed Forrest across Western Australia for the article titled ‘Can a Carbon-Emitting Iron Ore […]
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Copper Price: Surge in costs may hold back renewables growth – analysts
There are concerts that the growing price of copper – with high global demand outstripping supply – could hold back the renewables revolution this decade. The global price in copper this week hit a record high, with inventories on the London Metal Exchange the lowest since 1974. Copper, one of […]
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South 32 Investing Big on Green Demand for Copper
South32 is set to invests $2.05 billion USD in Chile – Western Australian based South 32 has invested in its biggest venture yet, a copper mine in the Sierra Gorda project. South32 will pay Sumitomo $US1.55 billion upfront for the 45 per cent stake with a possible further $US500 million […]