The Australian Energy Regulator (AER) has charged entities owned by AGL Energy (ASX:AGL) for failing to stabilise the grid as ordered, adding to a series of enforcement actions as pressure mounts to ensure power companies comply with market rules. According to the AER, AGL Macquarie Pty (AGLM) and AGL Loy Yang Marketing (AGLL), the trading […]
Energy watchdog charges AGL Read More »
Australia’s east coast is treading a precarious path in meeting its domestic gas demand throughout 2024, with the grid relying on favourable weather conditions to stave off price spikes, according to the Australian Consumer and Competition Commission (ACCC). Despite being one of the world’s leading liquefied natural gas (LNG) exporters, the east coast is grappling
ACCC warns of precarious gas supplies on Australia’s east coast Read More »
In a significant development for the mining industry, a potential wave of mergers and acquisitions is looming as mining majors seek avenues for growth. Duncan Wanblad, CEO of Anglo American, has cautioned that while M&A activity is likely, it should be approached cautiously to avoid repeating past mistakes. Wanblad highlighted the ex-growth status of many
Looming M&A wave: mining giants face pressure for growth Read More »
West Australian miners have emerged as some of the best-performing companies on the ASX during the 2023 financial year, capitalising on the global demand for resources. The surging popularity of lithium has driven a wave of takeovers, soaring valuations, the rise of new billionaires, and significant share price leaps. Leading the pack is Liontown Resources
West Australian miners shine amid global resource demand Read More »
