NT Government
Data released this week by the ABS showed Australia posted a $9.7 billion trade surplus in May, which is not far off the record high of $9.87 billion set in January.
The data is very much in line with the Territory’s Economic Reconstruction final report and its focus on our mining and agriculture sectors as key contributors to the Territory economic rebound.
This month we saw the first shipment of iron ore from processed waste materials at Frances Creek Mine celebrated, as iron ore prices hit record highs, reaching more than US$210 per tonne as demand for the mineral soars.
Date Time
Full steam ahead for $6 billion compression project at Gorgon
The voice of the oil and gas industry said today’s Final Investment Decision (FID) on the approximately AUD$6 billion Jansz-Io (J-lC) compression project at Gorgon means affordable, reliable and cleaner energy for customers in Western Australia and across the Asia-Pacific region for years to come.
APPEA Chief Executive Andrew McConville said Chevron and the Gorgon joint venture participants will use world leading subsea compression technology to enhance the recoverability of the Jansz-Io field to maintain long-term natural gas supply to the LNG and domestic gas plants on Barrow Island.
AVZ Minerals investors support Manono Lithium and Tin Project through heavily oversubscribed $40 million placement
The placement, which was oversubscribed by A$10 million, was well supported by high-quality institutions from Australia and North America and includes a European-based physical energy commodities merchant. Proceeds from the placement will increase cash reserves as AVZ progresses toward a Final Investment Decision.
AVZ Minerals Ltd (ASX:AVZ) (OTCMKTS:AZZVF) (FRA:3A2) has received firm commitments to raise A$40 million from sophisticated, professional and institutional investors in a placement to advance the tier-1 Manono Lithium and Tin Project in the Democratic Republic of Congo.
The capital raising was undertaken to allow the board to efficiently progress towards a Final Investment Decision (FID) for the commencement of project development at the Manono Project.
Plans for the Wylfa Newydd power station on Anglesey have been given a boost by a report from the Nuclear APPG (All-Party Parliamentary Group) which calls for the government to make urgent decisions on the project’s future.
The report – Net Zero Needs Nuclear: A Roadmap to 2024 – says the government should commit to at least one additional nuclear power plant by the middle of 2024.
Wylfa is seen as one of the best nuclear sites in Europe and would be a key contender for this investment. However, Horizon Nuclear Power officially withdrew its planning application for the proposed power station in January.
Report boosts hope of nuclear plant at Wylfa - North Wales Live dailypost.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailypost.co.uk Daily Mail and Mail on Sunday newspapers.