Home » Posts tagged with » Australia

EnergyAustralia to acquire Ecogen Energy’s gas-fired power plants

EnergyAustralia to acquire Ecogen Energy’s gas-fired power plants

Energy acquisition news : EnergyAustralia has agreed to acquire Ecogen Energy, the owner of the 510MW Newport gas-fired power plant and the 440MW Jeeralang gas-fired power plant, for AUD 205 million ($157.38 million). The Australian power and gas utility will buy Ecogen Energy and its 950MW gas-fired power plants in Victoria from IFM Investors, an […]

The post EnergyAustralia to acquire Ecogen Energy’s gas-fired power plants appeared first on Business News Today.

Rio Tinto to exit coal mining business with sale of Kestrel coal mine for $2.25bn

Rio Tinto to exit coal mining business with sale of Kestrel coal mine for $2.25bn

Mining industry news : Rio Tinto is all set to exit from coal mining business by selling its 80% stake in the Kestrel coal mine in Queensland to a consortium of EMR Capital and Indonesian coal producer Adaro Energy, for a sum of $2.25 billion. Rio Tinto’s Recent Deals to Exit Coal Mining Business in […]

The post Rio Tinto to exit coal mining business with sale of Kestrel coal mine for $2.25bn appeared first on Business News Today.

Rio Tinto to sell Queensland coal mine stakes to Glencore for $1.7bn

Rio Tinto to sell Queensland coal mine stakes to Glencore for $1.7bn

Mining industry news : Australian-British mining giant Rio Tinto has made a $1.7 billion deal to exit from two Queensland coal mines – the Hail Creek coal mine and the Valeria coal mine in Australia by selling its stakes to Swiss natural resource company Glencore. Rio Tinto has been looking to divest all of its […]

The post Rio Tinto to sell Queensland coal mine stakes to Glencore for $1.7bn appeared first on Business News Today.

Wesfarmers to spin off Australian supermarket chain Coles into separate company

Wesfarmers to spin off Australian supermarket chain Coles into separate company

Retail industry news : Australian supermarket chain Coles Supermarkets is all set to be spun off from its parent company Wesfarmers into a new $18 billion independent company listed on the Australian Securities Exchange (ASX). Wesfarmers is expected to retain a stake of 20% in Coles following the demerger, according to reports. The decision comes […]

The post Wesfarmers to spin off Australian supermarket chain Coles into separate company appeared first on Business News Today.

Wartsila signs $123m contract for AGL Energy’s Barker Inlet Power Station

Wartsila signs $123m contract for AGL Energy’s Barker Inlet Power Station

Power solutions provider Wartsila has signed a $123 million worth EPC contract for the 211MW Barker Inlet Power Station, a new gas fired power plant in Australia owned by AGL Energy. Under the terms of the EPC contract, the Finland-based Wartsila will a dozen 50DF dual-fuel engines for the new $234 million South Australian power […]

The post Wartsila signs $123m contract for AGL Energy’s Barker Inlet Power Station appeared first on Business News Today.

Aus govt to take over full ownership of Snowy Hydro from NSW and Victoria

Aus govt to take over full ownership of Snowy Hydro from NSW and Victoria

Energy acquisition news : The Australian government has struck a deal worth more than AUD6 billion ($4.65 billion) with the New South Wales (NSW) and Victorian governments to buy out their stakes in Snowy Hydro, an Australian hydropower company. Snowy Hydro has a hydro power generation of 5,500MW, which includes the Snowy Mountains Scheme that […]

The post Aus govt to take over full ownership of Snowy Hydro from NSW and Victoria appeared first on Business News Today.

US pharma giant Merck to buy Australian biotech company Viralytics for $394m

US pharma giant Merck to buy Australian biotech company Viralytics for $394m

Merck acquisition of Viralytics : US pharma giant Merck has made an AUD 502 million ($394 million) deal to acquire Viralytics, an Australian biotech company focused on developing oncolytic immunotherapy treatments for various cancers. Merck will acquire the Australian biotech company through one of its subsidiaries as per the latest pharma acquisition news. Through the […]

The post US pharma giant Merck to buy Australian biotech company Viralytics for $394m appeared first on Business News Today.

AGL Energy breaks ground on Barker Inlet Power Station in South Australia

AGL Energy breaks ground on Barker Inlet Power Station in South Australia

AGL Energy has broken ground on its AUD295 million ($234 million) Barker Inlet Power Station, a gas fired power plant with a capacity of 210MW, located in South Australia. The new gas fired power plant of the Australian energy company is coming up on Torrens Island near Adelaide alongside the historic 1.28GW Torrens Island Power […]

The post AGL Energy breaks ground on Barker Inlet Power Station in South Australia appeared first on Business News Today.

Nexif Energy breaks ground on Lincoln Gap Wind Farm in South Australia

Nexif Energy breaks ground on Lincoln Gap Wind Farm in South Australia

Wind industry news : Nexif Energy, an independent power producer has broken ground on its Lincoln Gap Wind Farm, a new 212MW Australian wind farm project being built near Port Augusta in South Australia with an investment of $450 million. Nexif Energy Lincoln Gap Wind Farm The Lincoln Gap Wind Farm project is coming up […]

The post Nexif Energy breaks ground on Lincoln Gap Wind Farm in South Australia appeared first on Business News Today.

AWE settles for $403m offer from mining service provider Mineral Resources

AWE settles for $403m offer from mining service provider Mineral Resources

Energy acquisition news : AWE, an Australian oil and gas company has agreed to a sweetened takeover proposal of AUD 526 million ($403 million) from mining services provider Mineral Resources Limited (MRL). AWE, in this connection, has entered into a binding scheme implementation deed with Mineral Resources to endorse the merger proposal. Founded in 1997, […]

The post AWE settles for $403m offer from mining service provider Mineral Resources appeared first on Business News Today.

Page 1 of 7123Next ›Last »