Federal Government locks in permanent fuel reserve, warns oil could hit $200/bbl

By Chloe Coutinho

Tuesday, 12 May 2026

NewsPolitics & Regulation

The Federal Government has committed $14.8b to fuel security as conflict in the Middle East drives oil prices higher amid global shortages.

The MOU supports Metallium’s plan to develop a national network of e-waste processing facilities, strategically located near major e-waste collection hubs, rapidly expanding U.S. data centre industrial parks and regional industrial corridors with strong logistics and waste generation.

The new Westgold is dual-listed on the ASX and TSX.

Westgold lands on the TSX

Westgold lands on the TSX Westgold Resources (ASX: WGX) has commenced trading on the Toronto Stock Exchange following its merger with Karora Resources. Westgold acquired 100% of the issued and outstanding shares of Karora, with Karora shares being delisted from the TSX on August 2. Westgold managing director and chief executive Wayne Bramwell says the merger with Karora creates an ASX and TSX listed, mid-tier gold producer with international appeal. “Westgold is unhedged, well-funded and focused on delivering shareholder returns,” he said. “The TSX: WGX listing provides increased liquidity and brings a +400,000oz producer to a broader investor base. “The listing also sees potential demand from...

FY26 exploration expenditure remains unchanged at $225m.

NewsProjects & Operations

Northern Star slashes guidance as sales take a hit

Northern Star (ASX: NST) has revised FY26 production and cost guidance following lower gold sales across its three production centres in the December quarter.

(Image source: Fortescue) IUCN, recognised globally as a leader in nature conservation and sustainable resource use, brings decades of expertise in collaborating with the mining sector on biodiversity-related issues.

Fortescue’s path to protecting biodiversity

Fortescue’s path to protecting biodiversity Fortescue (ASX: FMG) has entered into a strategic three-year collaboration with the International Union for Conservation of Nature (IUCN) to develop a comprehensive nature roadmap aimed at achieving a net positive impact on biodiversity. The rapid transition to a low-carbon economic model is accompanied by growing demand for mining products to supply key inputs, including for green technologies. While awareness of the sector’s impact on the environment and livelihoods has never been higher, there is also a growing recognition that business has...

Polar star access is also being accelerated.

‘Unleash the drills’: Westgold delivers a boost for Bluebird

‘Unleash the drills’: Westgold delivers a boost for Bluebird Westgold Resources (ASX: WGX) has increased its mineral resource estimate (MRE) for the Bluebird – South Junction mining complex in WA by 37%. The MRE now stands at 15mt at 2.9g/t of gold for 1.4moz, with a 65% increase in measured and indicated resources now 8.7mt at 2.9g/t of gold for 814koz. Westgold managing director and chief executive Wayne Bramwell comments on the update. “With 1.4Moz in resource and growing Bluebird-South Junction has now confirmed its status as the key growth driver in Westgold’s Murchison business,” he said. “In under 18 months, the team has moved a simple uphole bench...