Tag: investment
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Sayona’s Canadian lithium venture shows a $5 billion promise
Sayona said the total EBITDA over the project’s 16-year life was $7.5 billion, based on the production of 372,000 tonnes of lithium carbonate. The NAL project is 75 per cent owned by Sayona with Piedmont holding the remaining 25 per cent. “Based on the positive study, Sayona now plans to commission a definitive technical study…
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Don’t be shy: Say a quiet hello to the state’s newest coal mine
You may have never heard of it because Pembroke has strategically avoided any fanfare since it started the approval process for the 15 million tonne-a-year mine three years ago. That strategy has meant it had flown under the radar of the activists. The State Government even boasted that not one environmental group put in a…
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Headwinds: Clean energy industry warns investment in renewables drying up
Data released by the Clean Energy Council for the first three months of the year showed eight projects commenced construction in the quarter. Worth a total $1.3 billion in value – almost double the final three months of 2022 – three of those projects are in Western Australia, where the exit from coal-fired generation has…
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Asian giants sign up for the next step in $10 billion hydrogen project
The expectation for the hydrogen project, known as CQ-H2, was that it could deliver an initial 200 tonnes of hydrogen a day, rising to 800 tonnes by 2031. However, it has only moved into what is known as the front-end engineering design (FEED), a crucial step in developing a project that normally follows feasibility studies.…
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Strength to strength: Super funds set to record bumper year
The median growth fund, in which the majority of people invest, was up 1.2 per cent for April which brought the year-to-date performance to 8.1 per cent with only May and June results to be added. “It looks likely that funds will finish the year with a healthy return,” Chant West said. If the return…
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Push for ‘Athens of the south’ to be Athens’ sister
Consumer and Business Affairs Minister Andrea Michaels wrote to Adelaide Lord Mayor Jane Lomax-Smith earlier this month seeking her support to establish a sister city relationship between Adelaide and Athens. If approved, it would mark only the second sister city relationship Adelaide has entered since the turn of the century. Michaels said an Adelaide-Athens partnership…
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Swag of Genex shares sell but J-Power still onboard
The shares were crossed by Morgans and represented an extraordinary change in trading patterns for the company’s shares. Genex rejected media claims it was J-Power which it said continued to hold 107 million shares in the company. J-Power has been an important backer of the project, as well as a nearby wind farm project. There…
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Tritium scales up after tapping St Baker family for another $50 million
The investment part of the $US40 million funding package which included O Corp contributing $US5 million. The St Baker funding would be made through Sunset Power. The family already has about 25 per cent of Tritium shares and Trevor St Baker has a seat on the Nasdaq-listed company’s board. The deal would give St Baker…
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Let the private sector’s ‘kaleidoscope of capital” come to our defence: Baxter
In a blog Baxter’s new defence investment fund Beaten Zone Ventures said that over the past 10 to 15 years, thanks to generous taxation incentives, a lot of private capital has been spread wide into the tech startup, software centric world. “This has given us global names like Canva, AirWallex, Immutable, Go1, Safety Culture, LinkTree,…