Energy & Natural Resources

Mineral exploration company AVZ Minerals does not have the funds to defend itself in ASIC proceedings alleging it failed to disclose a critical legal dispute, including a forgery claim, related to a $32 million lithium mine deal, a court has heard.

A former project manager who enlisted two associates to buy 11 million shares in Beacon Minerals before the market knew it had struck gold has been sentenced to one year in prison following a guilty plea. 

Amazon has signed its first standalone battery storage tolling agreement globally, which will support the development of Anza Power's 50 MW/200 MWh battery in Victoria.

A judge has allowed collapsed oil and gas company Timor Sea Oil & Gas Australia to assign its claims against the Commonwealth over  alleged losses stemming from the loss of its petroleum licence rights.

The Australian Energy Regulator has rejected transmission company Transgrid's bid to bill customers an extra $1.2 billion in costs for its EnergyConnect project.

A unit of ASX-listed mining company Equatorial Resources has lost a bid to block its former solicitors Clifford Chance from arbitrating a $5 million costs dispute.

Renewable energy company 1414 Degrees has purchased Vast Solar Aurora, securing control of South Australia's Aurora Energy Precinct in the process.

Copenhagen Infrastructure Partners has acquired a hybrid onshore wind and battery energy storage system in North Queensland and locked down $1.7 billion in funding for the project.

Western Power has hired the former Sex Discrimination Commissioner to lead a review into its workplace culture and safety, as MinterEllison investigates claims that employees provided character references for a former manager convicted of raping a colleague. 

A judge has ruled that IG Power is not required to reimburse Genuity $24.4 million in interest charged by its parent company on a $60 million loan to rebuild the Callide power station, finding the loan was intended to be interest free.