According to the two companies, the merger will create a new global uranium player with "significant scale" and with cash resources of AUD106 million (about USD80 million).

The Newcastle 5,500 kcal/kg NAR coal with 23% ash hit a fresh record high $295/mt FOB March 9, the highest since the grade was first assessed in August 2017,

The lodged offers represent over AUD 100 billion (USD 71.7bn/EUR 63bn) of potential investment in 24 solar parks, 13 onshore and seven offshore wind farms, 35 large-scale batteries and eight pumped hydro plants. It is estimated that these projects have the potential to deliver more than 100,000 GWh of total electricity per year.

RES has acquired Blueshore, an asset management business with 1.6 GW of renewable projects under management in Australia.

Australia’s largest planned Renewable Energy Zone (REZ) is to be built in the New South Wales (NSW) northeast with the state government announcing the New England REZ, which will deliver at least 8 GW of new network capacity, has been formally declared.

Designs for a $10.7 billion green hydrogen and ammonia facility in Western Australia’s Pilbara region have been finalised

Natural gas consumption increased very rapidly between 2000 and 2019 (3%/year) and then dropped by 3% in 2020 to 40 bcm.

Australia is seeing a rapid rise in the addition of solar power and has over 80 hydrogen projects planned, with renewable energy-based schemes outnumbering blue hydrogen schemes.

Australia's adoption of a net zero emissions target is significant as it is one of the largest producers and exporters of fossil fuels and falling in line with the UN mandated net zero pledge would signal there could be tighter regulations on emissions reduction.

The projects were unveiled as part of Rio Tinto’s newly announced plans to spend $US7.5 billion ($A10 billion) slashing its scope 1 and scope 2 emissions by half by 2030.