Energy & Natural Resources

Former directors of steelmaker Arrium have rejected shareholder class action claims that the company's collapse was foreseeable, calling claims they had their heads in the sand “arrant nonsense”. 

Clive Palmer has lost another legal battle over Western Australian legislation shielding the state from the fallout of a decision barring a proposed Pilbara iron ore project, with a Swiss court rejecting his challenge to a tribunal's finding that it had no jurisdiction to hear the $300 billion dispute.

KPMG failed to bring the necessary scepticism to the task of auditing failing steel manufacturer Arrium, instead leaving contradictory evidence unresolved and giving the company a clean bill of health, a shareholder class action has told the court.

A shareholder class action against KPMG and ex-Arrium directors says the company's accounts were infected by "chronic and systemic overoptimism", with the former operator of Whyalla Steelworks portraying as viable a business that was impaired up to $2.8 billion.

Monadelphous Group subsidiary Kerman has secured a $165 million Rio Tinto contract for the design and construction of facilities at the mining giant's Brockman Syncline 1 project in the Pilbara.

Clyde & Co has recruited a disputes partner with extensive experience in complex litigation in the infrastructure and energy and resources sectors.

The High Court has agreed on an early November hearing date in a dispute over Bass Strait hydrocarbon royalties, despite a plea to the heavens by counsel for Esso and Woodside.

Testing lab ALS must hand over almost all of a McGrathNicol report into allegedly exaggerated coal testing results, after a judge found last year the company had waived privileged over parts of the report by referring to its findings in an ASX statement.

The information of 900,000 current and former Origin Energy customers was accessed during a recent cyberattack, the company has revealed.

Renewable energy company Neoen has won two 15-year contracts in South Australia’s first energy reliability tender and will double the size of its Goyder Battery at its flagship energy hub to fulfill the mandate.