According to The Australian Financial Review, Origin Energy has advanced its ambitions to build a multibillion-dollar green hydrogen export business in Queensland, signing a preliminary deal to use the port of Townsville to ship cargoes ahead of the expected start of design work later this year.
The accord with the Port of Townsville envisages collaboration to potentially expand the facility, develop a plant to liquefy hydrogen and build a new berth and other infrastructure. Origin in November revealed a target of 2021 to start engineering on a hydrogen export project in Townsville, where it is partnered by Japanese giant Kawasaki Heavy Industries. The project would involve a 300-megawatt electrolyser that would produce 36,500 tonnes a year of liquid hydrogen for export and domestic supply. The Japanese heavy industrial manufacturer will provide key strategic technology for the Townsville project, which is expected to be joined by other partners as it progresses. It is developing semi-commercial-scale ships that would transport the liquid hydrogen to Japan, with exports targeted to begin in the mid-2020s. https://www.afr.com/companies/energy/origin-inks-accord-for-hydrogen-exports-from-townsville-20210414-p57j2c If you want to read this article in Japanese, please see the following link: www.j-abc.com/jp-blog/3200410.html?lang=ja
According to The Australian Financial Review, the high iron ore prices that have underpinned the Australian economy and government revenues through the COVID-19 induced downturn have breathed life into one of Australia’s biggest undeveloped iron ore projects.
Established iron ore exporters in Western Australia understand the proponents of the long dormant Australian Premium Iron (API) project – China’s Baowu, Korea’s Posco and US company AMCI – aim to be exporting within 24 months. Original plans for API to be a $7.4 billion mine, port and rail project producing an initial 40 million tonnes per year have been scaled back in favour of cheaper alternatives that would have API’s product transported on other companies’ rail and port infrastructure or trucked to port. https://www.afr.com/companies/mining/australia-s-sleeping-iron-ore-giant-starts-to-stir-20210331-p57fml If you want to read this article in Japanese, please see the following link: www.j-abc.com/jp-blog/9161105.html?lang=ja
According to The Australian Financial Review, a record $296 billion in forecast resources and energy exports this year is turbocharging Australia’s economic rebound from the COVID-19 downturn and will help offset the withdrawal of the federal government’s JobKeeper wage subsidy.
China’s strong demand for iron ore is underpinning the new commodity super cycle, despite ongoing diplomatic and trade disputes between Beijing and Canberra. While the international push to tackle climate change will challenge thermal coal, demand will rise for commodities – including copper – used in green infrastructure in the transition to a low-carbon world, as well as lithium and nickel mined to make batteries. https://www.afr.com/companies/mining/mine-export-surge-holds-up-economy-20210326-p57efx If you want to read this article in Japanese, please see the following link: www.j-abc.com/jp-blog/7585596.html?lang=ja
According to The Australian Financial Review, it is in Australia’s best interest to become a leading global supplier of critical minerals as economies rebuild post the COVID-19 pandemic, Federal Resources Minister Keith Pitt says.
He also sees plenty of life and jobs in coal and the oil and gas industry as the resources sector continues to provide the backbone of the Australian economy. Iron ore prices and high demand for Australian mining supplies are winners for the nation. https://www.afr.com/companies/mining/miners-to-play-critical-role-in-global-economic-recovery-20210309-p578y4 If you want to read this article in Japanese, please see the following link: www.j-abc.com/jp-blog/7121489.html?lang=ja
According to The Australian Financial Review, Santos has awarded the biggest contract connected with its $US3.6 billion ($4.7 billion) Barossa gas project off the coast of northern Australia, giving a firm signal that a final go-ahead for the project is just around the corner.
The award of the contract for the construction and operation of a production vessel for Barossa remains subject to a final investment decision on the project, which is intended to supply replacement gas for the Darwin LNG plant. https://www.afr.com/companies/energy/santos-awards-big-contract-for-4-7b-gas-project-20210324-p57djg If you want to read this article in Japanese, please see the following link: www.j-abc.com/jp-blog/479229666.html
According to The Australian Financial Review, Elders Limited boss Mark Allison says farmers are setting themselves up for a more resilient future following a remarkable recovery from drought that has them on target to hit record agriculture production in fiscal 2021.
Official government forecaster ABARES is tipping agricultural production to hit $65.9 billion, an 8 per cent jump on last year, on the back of a huge grain harvest already flying out of ports to overseas markets. https://www.afr.com/companies/agriculture/farm-production-to-hit-record-66-billion-20210301-p576r1 If you want to read this article in Japanese, please see the following link: www.j-abc.com/jp-blog/660.html?lang=ja
According to the company’s press release, Mitsubishi Corporation (MC) has reached an agreement with Glencore Plc (Glencore, head office located in Switzerland) to acquire a 30% interest in the Aurukun Bauxite Project in Queensland Australia currently wholly owned by Glencore.
In addition to MCʼs existing aluminum smelting and trading operations, this acquisition marks MCʼs first investment in the mining of bauxite, a raw material of aluminum. The Project is an undeveloped bauxite mine located in Queensland, Australia. Glencore is currently assessing the feasibility of developing the mine, and MC believes that this is a promising asset with competitive resource volume and production costs. MCʼs view is that early stage development of the mine is feasible through joint operations with resources major Glencore. Subject to the satisfactory regulatory process, including the approval from the Queensland Government, Mitsubishi Development Pty Ltd will hold a 30% interest in the asset. By utilising its expertise in the mining business in Australia, and working together with Glencore to conclude the feasibility studies, MDP will aim to reach a final investment decision on development of the mine during 2022. https://www.mitsubishicorp.com/jp/en/pr/archive/2021/files/0000046688_file1.pdf If you want to read this article in Japanese, please see the following link: www.j-abc.com/jp-blog/6208158.html
According to The Australian Financial Review, not content with being the No. 1 player with about 15 per cent market share, The Australian Financial Review can reveal Dai-ichi Life has turned its attention to Westpac’s up-for-sale life insurance business.
It is understood Dai-ichi’s Australian arm, TAL Dai-ichi Life, has taken a prime seat in the Westpac auction and hired Bank of America’s investment banking team for advice. Should it be serious, TAL Dai-ichi Life’s expected to be hard to beat. The Japanese group swings hard when it wants an asset, as seen when it acquired Suncorp’s life insurance arm in 2018, and is likely to have synergies not available to financial investors or smaller trade players. https://www.afr.com/street-talk/tal-dai-ichi-life-bankers-up-for-westpac-unit-20210308-p578nw If you want to read this article in Japanese, please see the following link: www.j-abc.com/jp-blog/westpac.html?lang=ja
According to The Australian Financial Review, investors have backed Fortescue Metals Group’s plan to pump a slice of its iron ore profits into clean energy generation, saying it was an important step in diversifying the company.
Fortescue surprised investors on February 18 when it vowed to devote 10 per cent of profits to the Fortescue Future Industries (FFI) subsidiary that is pursuing business opportunities in renewable energy generation and green hydrogen production. https://www.afr.com/companies/mining/investors-back-fortescue-s-clean-energy-moonshot-20210228-p576ib If you want to read this article in Japanese, please see the following link: www.j-abc.com/jp-blog/7712762.html?lang=ja
According to The Australian Financial Review, Brisbane has all but secured the Olympic victory it first tried for 29 years ago, but that goal will now trigger a debate about the infrastructure south-east Queensland needs to host the world’s biggest sporting event.
While proposals such as a fast rail line connecting the Sunshine Coast, Brisbane and Gold Coast have been around a long time and could play part of the South East Queensland City Deal that is still under negotiation, the 2032 announcement will bring debates about them to a head. The new ethos around hosting Olympic Games is to avoid costly white elephants, and the Brisbane bid documents emphasise the use of transport infrastructure already in place, boosting it with higher frequency services and extra rolling stock as necessary. The region’s mayors, however, want the infrastructure boost they say is crucial to serve the fast-growing population of their region. https://www.afr.com/companies/sport/now-the-olympic-fast-rail-games-begin-20210225-p575pf If you want to read this article in Japanese, please see the following link: www.j-abc.com/jp-blog/2099480.html?lang=ja |
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