Oil prices overnight jumped to their highest values in over two months on positive early results on a potential coronavirus vaccine, optimism about a resumption in economic activity and signs producers were following through on planned output reductions.
A $112 million hybrid microgrid to power Gold Fields’ Agnew gold mine has been completed, with 22 megawatts of renewable capacity, a battery, and gas/diesel backup plant in what the company claims is the largest such grid in Australia.
Copper explorer Hot Chili is targeting its first resource estimate for two projects in South America after announcing an oversubscribed $5 million placement and $3.9 million rights issue, with majority of the funds going towards a drilling restart at the Cortadera project in Chile.
The Lateral INCITE Awards has shortlisted 26 entrants for this year’s program, with Leederville-based startup InteliCare and IT consultancy firm Modis Australia among those advancing to the second round of judging.
Emirates Group is planning to cut about 30,000 jobs to reduce costs amid the coronavirus outbreak, which will bring down its number of employees by about 30 per cent from more than 105,000 at the end of March, Bloomberg News reports.
US crude prices have reached their highest price since March, on strengthening fuel demand as countries around the world eased travel restrictions they had imposed to curb the spread of the coronavirus.
The state government has said it will allow public and private hospitals to increase elective surgeries to 50 per cent of normal activity as of Monday, following new guidelines set today by the national cabinet.