CAPITAL INVESTMENTS – WESTERN AUSTRALIA

Green light for Origin gas venture

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 16 : 6-Jan-16

Origin Energy and AWE Limited will proceed with the first stage of the Waitsia gas project in Western Australia. The joint venture partners will invest $A17.5m in the first stage of the Perth Basin project, after Alinta Energy secured a deal to buy 10 terajoules of gas per day over 2.5 years. The project will initially have a daily production capacity of 10 terajoules, although this could eventually be lifted to around 100 terajoules a day.

CORPORATES
ORIGIN ENERGY LIMITED – ASX ORG, AWE LIMITED – ASX AWE, ALINTA ENERGY (AUSTRALIA) PTY LTD, CITIC PACIFIC, WOOD MACKENZIE, UBS HOLDINGS PTY LTD

Test for Rio spending

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Original article by Peter Ker
The Australian Financial Review – Page: 20 : 28-Nov-14

Paul Young of Deutsche Bank believes that Rio Tinto’s investor briefing on 28 November 2014 will include plans to proceed with the Silvergrass iron ore mine in Western Australia. He expects Rio’s board to approve the greenfields mine during the December quarter, despite its recent moves to reduce capital expenditure. Rio aims to increase annual iron ore exports from 290 million tonnes to 360 million. Silvergrass is expected to boost output to about 330 million tonnes

CORPORATES
RIO TINTO LIMITED – ASX RIO, DEUTSCHE BANK AG, GLENCORE PLC, AUSTRALIA. DEPT OF INDUSTRY. BUREAU OF RESOURCES AND ENERGY ECONOMICS, CLSA AUSTRALIA PTY LTD, DOMINION DIAMOND CORPORATION