ECM Review Snapshot: Key trends for Energy and Resources

HSF recently launched The Australian ECM Review 2023, which zeroes in on the key themes of capital markets in 2023, together with a review of IPO and secondary raising data across the Australian market. In this post, we bring you the top five highlights for Energy and Resources and the outlook for 2024. Read more

Briefing note – NROLA Act introduces amendments to the MRA and PAGA

Overview On 15 May 2019, the Queensland Parliament passed the Natural Resources and Other Legislation Amendment Act 2019 (NROLA Act). The Act implements a large number of changes across 34 pieces of land, water and mining legislation.1 Relevantly, the NROLA Act includes reforms to the administration of coal and petroleum exploration tenements in Queensland. This … Read more

Mining Charter III: certainty, but at a cost

The Broad-Based Socio-Economic Empowerment Charter for the Mining and Minerals Industry, 2018 (Mining Charter III or the Charter) came into force on Friday, 1 March 2019 – almost three years after the publication of the first draft. This brought to a close nearly three years of uncertainty and speculation regarding the nature and content of the final version of South … Read more

Queensland explores mining rehabilitation and financial assurance reforms

At a glance The Queensland Government has proposed broad policy and legislative reform in relation to financial assurance and mine rehabilitation with a view to improving rehabilitation performance, reducing reliance on the financial assurance system and clarifying mine rehabilitation requirements. The first two of a series of discussion papers have recently been released, and are … Read more

Clive Palmer and Al Gore team up in a remarkable day for carbon in Australia

Yesterday was a remarkable day here for carbon-related issues. Clive Palmer has substantially changed position. He won’t support Direct Action – he says that it ‘is a waste of money’. Nor will he support the abolition of various key existing carbon-related statutory agencies or the Renewable Energy Target. What he now advocates is the implementation … Read more

Victoria to raise the bar for mining exemptions

The Victorian Minister for Energy and Resources recently introduced the Mineral Resources (Sustainable Development) Amendment Bill 2013 (Vic) (the Amendment Bill) into the Victorian Parliament. The Amendment Bill, if passed, will likely make it more difficult for land to be declared exempt from exploration and mining licences. The Minister will now be required to consider … Read more

Queensland lifts ban on shale oil mining

Yesterday the Newman Government announced a new oil shale policy that it will allow the development of a commercial shale industry in Queensland but leaves in place the existing 20 year moratorium suspending development of the McFarlane oil shale deposit near Proserpine.  The policy will set rigorous environmental controls on the industry and will allow … Read more