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PwC report found TerraCom netted $1.1M from inconsistent coal pricing, court hears
ASIC has told a court that a PwC report into allegations of inaccurate coal pricing found that 12 “inconsistent” invoices issued by TerraCom resulted in a $1.15 million benefit to the company, contrary to the company's claim that the audit found no wrongdoing.
Construction PRO
KKR scoops up off-grid renewables company Zenith Energy
Global investment firm KKR has signed a deal to acquire renewable energy producer Zenith Energy, which provides services for Australia's off-grid mining industry.
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Woodside faces new legal challenge to North West Shelf extension
An activist group has launched a legal challenge to Woodside’s proposed North West Shelf gas venture extension to 2070, seeking judicial review of Western Australia's approval decision.
Construction PRO
ARENA invests $19.8M in decarbonized steel project
The Australian Renewable Energy Agency has invested $19.8 million in a joint venture between BlueScope, BHP, Rio Tinto, Woodside and Mitsui Iron Ore Development to develop a decarbonised steel facility.
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Allens, HSFK behind Abu Dhabi oil giant’s $30B takeover bid for Santos
A consortium led by the investment arm of Abu Dhabi's National Oil Company has launched a $30 billion takeover bid for Santos, the energy giant said Monday.
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Aurizon secures $1.5B contracts with BHP for copper mine logistics
Rail operator Aurizon has secured agreements with BHP to provide logistics for the mining giant's South Australia copper operations over the next 15 years, estimating total revenues of $1.5 billion.
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Clough’s $54M cross-claim stayed in feud with JV partner over EnergyConnect project
A judge has stayed engineering firm Clough’s $54 million cross-claim against its former joint venture partner on the EnergyConnect transmission project, Elecnor, saying the claim must be sent to arbitration.
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Brookfield sells down stake in Dalrymple Bay Infrastructure
Brookfield has shed 23.2 per cent of the stapled securities in major coal exporter Dalrymple Bay Infrastructure, but remains the major shareholder, retaining a 26.25 per cent interest in the venture.