The Latest Breaking News from Saul Kavonic

A ministerial decision to extend the life of a massive gas project despite climate concerns represents an endorsement of the sector by the Labor government.

Rio Tinto is reportedly considering paying $4-6 billion to acquire U.S. lithium producer Arcadium, which would give it access to mines and processing facilities on four continents. The move highlights the global competition for lithium dominance in the face of rising demand for electric vehicles.

Australia’s second-largest independent gas producer Santos Ltd argued it had all necessary approvals to begin drilling.

East Timor’s President Jose Ramos-Horta is scheduled to arrive in Australia for a state visit as negotiations over lucrative gas resources reach a critical stage for his impoverished nation

The cost of electric cars could start to fall, with the price of a core component in EV batteries expected to reduce, according to Credit Suisse analysts.

Analysts warn that Europe faces potentially harsh economic pain in the short term if Russia chooses to use energy as leverage in its war on Ukraine.