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Electrification of Fortescue mining operations move a step forward with a huge battery (fast-charge 30 minutes) being trialled to power a 240 ton payload vehicle.
The highly ambitious Sun Cable project is in doubt after the company has gone into voluntary administration. So what is it & why is it in trouble?
Power Up: Record financials pose hard questions about gas cap whinging
Andrew Forrest says he lost faith in Sun Cable’s management because, “They’re a little start-up that has lavish offices and are spending money like there’s no tomorrow.”
As FTI Consulting prepares to front Sun Cable creditors for the first time on Friday, the administrator’s been urgently trying to lock in near-term funding to keep the lights on while an auction plays out.