All News

  • World Coal Association

    BHP exits World Coal Association

    Late last year BHP Billiton published a report relating to its membership of industry associations which hold an active position on climate and energy policy.  The review focused on 10 climate and energy po... more
  • Future Fuels

    Future Fuels CRC to underpin nation’s transition to cleaner energy

    The Federal Government is committing additional funding to the research and development of new energy infrastructure, making it more cost-effective for Australian households and industries to use low-carbon ene... more
  • microgrids

    The biggest barrier to microgrids

    The establishment of viable business cases for different applications is the main barrier to the continued uptake of microgrids in Australia, according to Greg Allen, Executive General Manager, Carnegie Clean E... more
  • wastewater

    Scientists invent cheaper and greener wastewater treatment

    A new energy-efficient process developed at Murdoch University is set to revolutionise wastewater treatment by significantly reducing the industry's electricity consumption. Dr Ralf Cord-Ruwisch and forme... more
tax

Global tax expert warns: don’t get left out in the cold on company tax

Without significant company tax reform, Australia will be left out in the cold on new investment and job opportunities as companies shift their operations to the United States. In a new report for the Minerals Council of Australia, international tax expert Dr Jack Mintz* has warned that Australia is ill-prepared to deal with the global implications of the US administration’s tax reforms. US tax reform will have an enormous impact on worldwide company decisions and individual country tax reforms. This will have implications for Australia’s ability to compete for investment and the positive flow-on effects of investment: technology, jobs and tax revenues. For decades, companies with US operations have sought to keep profits out of and costs in the US to reduce worldwide taxes. But following the US reforms which came into effect on 1January 2018, companies with US operations ar... more
steelmaking

Challenging times ahead for China’s iron and steelmaking industries

The end of quantitative easing, risks from geopolitics and international trade, as well as a growing awareness of environmental issues — are all affecting the Chinese iron ore and steel industries, according to the latest S&P Global Market Intelligence analysis presented at the 21st Annual Global Iron Ore & Steel Forecast Conference. Maximilian Court, Senior Commodity Analyst at S&P Global Market Intelligence says: “China’s iron and steelmaking industries are experiencing difficulties as competition increases to determine industry champions. Supply-side reform is less encouraged by the industry's current economics than by government policies, and these conflicting interests between government and business will have to be carefully managed by market agents over the near term.” “We believe that short-term price expectations for mid-grade iron ore remain skewed t... more
ASEAN

‘Sunrise industries’ to transform the ASEAN region

A study from CSIRO’s Data61 has identified the top seven emerging industries within ASEAN and neighbouring nations that will fuel future regional growth, international collaboration and job creation. The Sunrise Industries report aims to inform government and industry on potential future areas for growth – ranging from AI to energy storage - and help decision makers capitalise on opportunities for the region. As the ASEAN region transforms rapidly — due to economic development, industrial transition, technological advancement and a growing consumer class — Australia’s place in the region is evolving in tandem. The world’s economic ‘centre of gravity’ is shifting eastwards with the 10 countries that comprise the Association of Southeast Asian Nations (ASEAN) generating an annual average GDP growth of 4.6 per cent in 2016, exceeding the global average of 3.2 per ce... more
oil and gas

WA Government backs local oil and gas turnaround

The Australian oil and gas sector is rebounding and is about to receive a further boost from government, the Western Australian Premier Mark McGowan said at the opening session of the Australasian Oil and Gas Exhibition and Conference (AOG) 2018 Collaboration Forum. The Premier said that his government was developing an LNG Jobs Taskforce which will be made up of members from both industry and government and will aim to establish Western Australia as a key regional LNG hub. The Premier said the taskforce will look to build on the job opportunities the LNG industry can provide in the WA community, including new technology, education and maintenance services. “WA jobs are my number one priority, and the creation of this jobs taskforce will make sure we build on our existing LNG industry to create more long-term local jobs,” the Premier said. He said Australia is set to have... more
Exxon

Exxon admits it won’t pay tax until 2021

During the final hearing of the Corporate Tax Avoidance Senate Inquiry in Melbourne yesterday, Exxon admitted it does not expect to pay any corporate income tax in Australia until 2021. The company estimated it would pay around $600 million in 2021 only after paying nothing for eight years in a row. Make Exxon Pay researcher and hearing witness, Jason Ward, said Exxon’s testimony proved the company was “arrogant, entitled and not transparent” when it came to paying no tax in Australia. “Today we saw Exxon admit it won’t pay a cent in company tax until 2021. By then Exxon would have made over $50 billion out of Australia and put back nothing in company tax. That is shocking and will anger millions of taxpayers. “At the same time, Exxon has pushed out more than 200 workers from its Longford Plant in Gippsland, Victoria, without pay for 266 days, after the workers fa... more
tariff exemptions

Australian steel industries to strengthen following USA’s tariff exemptions

According to IBISWorld, the outlook of the Australian steel and aluminium sectors has strengthened significantly following President Trump’s decision to exempt Australia from new tariffs on imported foreign steel and aluminium. The United States is the largest steel importer in the world, buying 35.6 million tonnes in 2017. In a shock to global markets, on March 1st the President announced unilateral tariffs of 25% on steel and 10% on aluminium to be imposed from the 23rd of March. The Australian Iron Smelting and Steel Manufacturing industry is highly reliant upon the American market, with exports from the United States accounting for 18.1% of industry revenue in 2016-17, or about $243 million. Profit margins in the Australian industry are already slim due to import competition and volatile demand from the domestic market. According to IBISWorld, the proposed tariffs would have ... more