Opposition vows to scrap net zero in Budget reply

By Chloe Coutinho

Thursday, 14 May 2026

NewsPolitics & Regulation

Net zero, the Safeguard Mechanism and Australia’s project approvals system would be put on the chopping block under a Coalition government, Opposition Leader Angus Taylor has said in his Budget reply.

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.

Through the new joint venture, PSOCO will hold an indirect 15% stake in each of the mines.

Economics & Commodity PricesNewsProjects & Operations

MinRes sheds its stake in lithium business

Mineral Resources (ASX: MIN) will sell a 30% stake in its operational lithium business to POSCO Holdings for $1.2b (US$765m).

Core Lithium is an Australian hard-rock lithium company.

Core frees Finniss production

Core frees Finniss production All future Finniss spodumene production is now unencumbered, following the termination of Core Lithium’s (ASX: CXO) offtake agreement with Ganfeng Lithium. The offtake agreement was in relation to spodumene concentrate from the Finniss lithium project, located 88km by road southwest of Darwin Port in the Northern Territory. The earlier termination of the Yahua offtake agreement together with this settlement, effected through a one-off $3m (US$2m) payment to Ganfeng, all spodumene offtake obligations are removed, leaving 100% of future Finniss production unencumbered. This provides Core with complete marketing flexibility, with all future spodumene concentrate production now available for project partners or spot sales. Core...

Civmec plans to leverage the advanced capabilities of its Henderson, WA facility to ensure the shiploader is built to the highest quality standards, enhancing operational efficiency and reliability.

Civmec awarded $174m in contract extensions

Civmec awarded $174m in contract extensions Civmec (ASX: CVL) has been awarded $174m in contract and scope extensions for fabrication, manufacturing, construction and maintenance work across Australia. Among these awards is the contract for the supply, manufacture and offsite assembly of a new shiploader for the Dalrymple Bay terminal in QLD to be undertaken at Civmec’s state-of-the-art facility in Henderson, WA. Civmec states the project will create significant opportunities for local employment and subcontracting, reinforcing Civmec’s commitment to contributing positively to the communities in which it...

The extension continues Perenti and AngloGold Ashanti’s 20-year partnership.

Barminco awarded $450m contract extension at Sunrise Dam

Barminco awarded $450m contract extension at Sunrise Dam Perenti’s (ASX: PRN) underground mining business Barminco has been awarded a three-year contract extension at AngloGold Ashanti’s Sunrise Dam underground gold mine in the Goldfields of WA. The contract allows Barminco to continue underground development, production and mining support services to commence from October 1, 2024. Perenti managing director and chief executive Mark Norwell says continuation of contracts is ideal as no new growth capital expenditure is required. “AngloGold Ashanti is one of our largest clients, and we are proud to have worked with them for the past 20 years,” he said. “Perenti has an excellent track record at...