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 Safeguard Mechanism requires Australia’s highest greenhouse gas emitting facilities to reduce their emissions in line with Australia’s emission reduction targets of 43% below 2005 levels by 2030 and net zero by 2050.

Regulatory changes for methane emissions reporting

Regulatory changes for methane emissions reporting New regulatory changes could significantly increase the amount of methane emissions reported by coal mines, as well as make methane recovery and utilisation a more attractive option, according to a new study from The University of Queensland’s Gas & Energy Transition Research Centre (UQGET). The study, which was jointly written by a team from UQGET and Novus Fuels, examines a range of Bowen Basin coal mines using the new, more precise methane emission estimation methods that will soon...

(Image source: Weir) The order including GEHO positive displacement pumps, WARMAN centrifugal pumps, and ancillary equipment will be booked in Q2 CY25.

Weir awarded sustainable tailings solution contracts

Weir awarded sustainable tailings solution contracts Weir has been selected by Codelco, the world’s largest copper producer, to supply the tailings transport solution for the Talabre tailings dam expansion project in the Atacama region of Chile. The brownfield expansion project will combine the thickened tailings streams from three major mines in the area: Ministro Hales, Chuquicamata, and Radomiro Tomic. The expansion is expected to have a total productive life of 20 years, and handle a slurry thickened to ca. 70% solid content — creating the opportunity to reuse process water and increasing the safety...

Glencore has also decided to restart the Alumbrera copper-gold operation in Argentina.

InternationalNewsProjects & Operations

Glencore eyes $2.4b copper push

Vale Base Metals and Glencore Canada have agreed to jointly evaluate a potential brownfield copper development in Canada’s Sudbury Basin.The move comes as copper prices soar, driven by supply crunches, an anticipated shortage and uncertainty as US tariffs loom.

(Image source: BHP, picture by Luke Marsden) BHP says the agreement sets a new path forward in the relationship between BMA and the Barada Barna people, providing intergenerational benefit to the Traditional Owners of the land where BMA operates.

Groundbreaking agreement between BMA and Barada Barna people

Groundbreaking agreement between BMA and Barada Barna people BHP Mitsubishi Alliance (BMA) has entered into a native title project agreement with the Barada Barna Aboriginal Corporation (BBAC) for the company’s Bowen Basin, Queensland, operations, including the Broadmeadow, Caval Ridge, Goonyella Riverside Peak Downs and Saraji mines. This is the second native title project agreement BBAC and BHP have negotiated together in Queensland and a first between BMA and BBAC. Under the agreement, BMA will provide financial benefits...