December 2023

Empire Energy Group (ASX:EEG) has announced its strategic acquisition of AGL Limited’s Rosalind Park Gas Plant (RPGP) for a total consideration of $2.5 million in cash. Empire Energy anticipates substantial cost savings exceeding $30 million through this acquisition when compared to the alternative of constructing new midstream infrastructure. Furthermore, this move is expected to reduce […]

The Australian sharemarket experienced a positive uptick on Monday with nine of its 11 sectors showing gains, driven by investor optimism amid expectations that global central banks have completed their monetary policy tightening.  At the closing bell, the S&P/ASX 200 was 0.73 per cent higher at 7,124.70. Futures The Dow Jones futures are pointing to

Gold soared past $2,100 in Asian dealings on Monday, setting a new high for the third consecutive day. On Friday, spot gold closed at $2,070.10, just $10 shy of the record high achieved in May. Comex’s continuous contract of gold futures, which merges the most active contract month into the next, broke the record high,

On the opening day of the Munich Motor Show (IAA) in Munich, Germany, Ecopro BM Co. announced a groundbreaking deal with Samsung SDI Co. that could reshape the electric vehicle (EV) market. This announcement comes as Europe’s automakers gather at the IAA Mobility car show, aiming to compete with Tesla Inc. and confront the growing

The $20 billion (enterprise value) bid for Australia’s Origin Energy (ASX:ORG) has been defeated, leaving the company to chart its own path once again. Shareholders failed to approve the deal, despite approximately 69% of the shares being cast in favor of the year-long attempt to buy the country’s largest power retailer from Brookfield of Canada

Worrying signs are emerging for Australian lithium miners and processors in the wake of China’s enormous electrified car market. Industry leader BYD has reported no growth in sales for battery-powered vehicles since October. Simultaneously, the company has recorded a second successive month of weak sales for plug-in hybrids, a popular form of electrified vehicles in

Recent regulations issued by the US Department of Energy are set to have significant implications for Australia’s lithium sector. These regulations, introduced as part of the Biden Administration’s Secure Supply Chain Initiative, redefine the landscape for foreign entities, particularly those with substantial Chinese ownership, seeking government subsidies in the United States. US Regulations and Foreign

Metcash (ASX:MTS), the supermarkets, hardware, and liquor group, has reduced its interim dividend for the six months ending on October 31 due to a noticeable slowdown in earnings growth. The company announced on Monday that shareholders will receive 11 cents per share as the interim dividend, down from 11.5 cents a year ago and equal

Global semiconductor developer BluGlass (ASX:BLG) has signed a US$1.775M (AU$2.6M) contract with North Carolina State University (NCSU) for laser development activity in FY24. BluGlass CEO Jim Haden said, “We are thrilled to have secured our first contract as part of the CLAWS Hub, where we will be collaborating with recognised industry leaders to develop and