Tag: investment
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SA Museum facelift at top of new chief’s list
Gaimster said the state’s Victorian-era museum building is in danger of being left behind other museums transformed with “terrific investment” in New South Wales, Victoria and Western Australia. “(The first focus will be) on master planning and then talking to our funders and supporters about how we are going to achieve that vision … other…
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Revealed: Nation’s biggest super funds pour $25b into new fossil fuel projects
Australia’s 15 biggest super funds have more than $25 billion invested in companies that are expanding coal, oil and gas production, analysis by the Australian Conservation Foundation has revealed. That’s despite international experts agreeing that new fossil fuel projects risk blowing out ambitions to keep global temperature rise as close as possible to 1.5 degrees.…
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The $2b hurdle: Warning we’ll pay at Olympics unless we invest more in sport
Australian Olympic Committee boss Matt Carroll delivered the blunt warning in a pitch for smarter investment in sport, saying success in the NRL and AFL could mean failure for Australia’s Olympic team. Carroll said Australia was staring failure at home Olympic and Commonwealth games because of a $2 billion shortfall in government funding. “Not everyone…
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Vanadium gets a boost as Idemitsu joins the rush to Julia Creek
On the same day that Senex Energy, partly owned by Gina Rinehart, signed up with CS Energy to develop hydrogen at the Kogan Power Station, Idemitsu said it had taken a 15 per cent stake in Vecco Group which is developing the Debella Critical Minerals project near Julia Creek. Earlier this year, Idemitsu also took…
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How a few tiny insects forced Queensland gas project onto back-burner
But the company, which operates gas fields in central Queensland, believes there may be an upside. “We are in the process of understanding when we will regain custody of the compressor, but at this point, we expect the compressor to be landed back in Brisbane by mid-May. “Our inability to commission the compressor will have…
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Brisbane mining magnate reveals plans to become ‘king of Hell’s Kitchen’
Colwell’s Controlled Thermal Resources has signed a memorandum of understanding with Fuji Electric for the delivery of a 330 megawatt geothermal power station for the project. That was about a third of the project’s energy capacity. Colwell has estimated that production of 150,000 tonnes of lithium hydroxide was also expected to be produced from the…
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Icing on the cake: Christmas tourism spend-up suggests the best is yet to come
And the boom is expected to continue for the foreseeable future with analysts claiming expectations of the recovery were far too conservative and that people would prioritise spending on travel. On a yearly basis the overnight spending in Queensland in 2022 was 40 per cent above 2019, even though actual visits were down slightly. Queensland…
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Queensland could morph from big polluter to green industry leader: report
It said Queensland’s green manufacturing, green ammonia, and “world-beating renewable energy resources” were its hope as the world transitions to a net zero emissions economy. “The Sunshine State could cash in on the global transition to net zero emissions by cleaning up existing polluting industries including alumina production,” the report said. “As the world looks…
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Place your bets: How one of our biggest super funds just took a $100m punt on Star
ART, which has a mantra of being a “force for good”, bought 58.8 million shares in the company which has been rocked by allegations of money laundering and allowing well known criminal underworld figures use its Gold Coast casino. The company is also a joint venture partner in the Destination Brisbane consortium that is building…