US regulators have green-lit a Small Modular Nuclear Reactor design in a water-shed moment for the nuclear power industry. US Energy Department approved the first ever small modular nuclear design for construction last week for NuScale, who hope their reactor will be in operation by 2030 in Idaho. The nuclear […]
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Oz Minerals Target : BHP Takeover Play
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 […]