Gorgon LNG permits slashed by decade

Original article by Peter Ker
The Australian Financial Review – Page: 15 : 12-Jan-21

Chevron will be required to renew its permit to operate the Gorgon LNG export facility on Barrow Island more frequently after the Western Australian government decided to amend it. Chevron was granted an amended 20-year permit in July 2018, but Environment Minister Stephen Dawson has reduced this to just 10 years, arguing that this is sufficient. The Conservation Council of WA had lobbied for Chevron’s permit to be reduced to just three years. Shipments from the Gorgon project commenced in March 2016. Gorgon is expected to be operational for about four decades.

CORPORATES
CHEVRON CORPORATION, WESTERN AUSTRALIA. DEPT OF ENVIRONMENT AND CONSERVATION, CONSERVATION COUNCIL OF WESTERN AUSTRALIA INCORPORATED

WA flags battle over GST split

Original article by Brad Thompson
The Australian Financial Review – Page: 1 & 2 : 12-Jan-21

Western Australian Premier Mark McGowan says other states and the federal government must not seek to change the existing arrangement for distributing goods and services tax revenue. WA’s share of GST revenue is currently $0.70 in the dollar, having fallen to a low of about $0.30 in the dollar during the last mining boom. New South Wales in particular has criticised the GST equalisation deal, but McGowan argues that NSW now receives more than $0.90 in the dollar from GST revenue. He has also urged the federal government to resolve the ongoing trade tensions with China.

CORPORATES
WESTERN AUSTRALIA. DEPT OF THE PREMIER AND CABINET

WA to keep approving mines while new heritage laws in limbo

Original article by Brad Thompson
The Australian Financial Review – Page: Online : 12-Jan-21

Western Australian Premier Mark McGowan says Rio Tinto’s destruction of ancient indigenous rock shelters at Juukan Gorge will continue to have repercussions across the mining sector. However, McGowan says his government will not accept any blame for delays in project approvals in the wake of the scandal, arguing that mining companies are now likely to be more cautious about approving projects. He adds that the state government will continue to approve mining projects under section 18 of the Aboriginal Heritage Act, and that new heritage laws will be a priority if it wins the election in March.

CORPORATES
RIO TINTO LIMITED – ASX RIO, WESTERN AUSTRALIA. DEPT OF THE PREMIER AND CABINET

Shipping industry baulks at extra fees at Port Hedland for iron ore – Australia’s most important export

Original article by Karen Michelmore
abc.net.au – Page: Online : 12-Jan-21

The Pilbara Ports Authority will introduce a $13,450 levy on all large iron ore shipments from Port Hedland, beginning on 1 March. The Western Australian government will use the levy to finance a buyback of up to 400 dust-affected homes in Port Hedland. The levy has been criticised by Shipping Australia CEO Melwyn Noronha, who says it is inappropriate for ship operators to be required to pay to address the dust problem. Ports Minister Alannah MacTiernan contends that similar levies have been used to recover costs in the past.

CORPORATES
PILBARA PORTS AUTHORITY, SHIPPING AUSTRALIA LIMITED, WESTERN AUSTRALIA. DEPT OF TRANSPORT

Iron ore miners dig in for fight over capacity at Port Hedland

Original article by Brad Thompson
The Australian Financial Review – Page: 18 : 23-Nov-20

Iron ore producers Mineral Resources, BHP, Fortescue Metals Group and Hancock Prospecting have been asked to contribute to an independent review to determine the maximum capacity of Port Hedland. The Western Australian government wants the review to be completed by December, and it comes after the mining companies rejected the government’s call for a $10 billion outer harbour to be constructed at Port Hedland. Growth plans outlined by the four companies amount to output of at least 690 million tonnes per annum, while the government believes that Port Hedland’s maximum capacity could be pushed to around 650 million tonnes.

CORPORATES
MINERAL RESOURCES LIMITED – ASX MIN, BHP GROUP LIMITED – ASX BHP, FORTESCUE METALS GROUP LIMITED – ASX FMG, HANCOCK PROSPECTING PTY LTD

Sinosteel cautions Oakajee doubters

Original article by Peter Ker, Brad Thompson
The Australian Financial Review – Page: 18 : 22-Oct-19

Western Australia’s Premier Mark McGowan says he would welcome any move to proceed with the stalled Oakajee port and rail project, after Sinosteel’s recent deal to acquire Mitsubishi’s interest in it. However, Ports Minister Alannah MacTiernan ha expressed doubts regarding the $10bn project’s viability. Stuart Griffiths, the CEO of Sinosteel Midwest, says people should keep "an open mind" on the issue, adding that good quality iron ore will always be in demand.

CORPORATES
SINOSTEEL CORPORATION, SINOSTEEL MIDWEST CORPORATION LIMITED, MITSUBISHI CORPORATION, WESTERN AUSTRALIA. DEPT OF THE PREMIER AND CABINET, FORTESCUE METALS GROUP LIMITED – ASX FMG

WA ditches carbon offset rules

Original article by Paul Garvey
The Australian – Page: 4 : 15-Mar-19

Western Australia’s Environmental Protection Authority has agreed to shelve new guidelines on emissions-intensive projects following intervention by the state government. Premier Mark McGowan stepped in following meetings with representatives of energy producers. The EPA will undertake further consultation regarding its proposed rules on carbon offsetting for new industrial projects. Oil and gas producers had expressed concern that the proposed guidelines would jeopardise a number of new projects in the state.

CORPORATES
WESTERN AUSTRALIA. ENVIRONMENTAL PROTECTION AUTHORITY, WESTERN AUSTRALIA. DEPT OF THE PREMIER AND CABINET, WOODSIDE PETROLEUM LIMITED – ASX WPL, SANTOS LIMITED – ASX STO, CHEVRON CORPORATION, ROYAL DUTCH SHELL PLC, AUSTRALIAN LABOR PARTY

WA digs deeper on BHP royalties

Original article by Ben Butler
The Australian – Page: 15 & 16 : 22-Jan-19

Western Australia’s Treasurer Ben Wyatt says the state government will pursue BHP for backdated iron ore royalties totalling between $200m and $300m. He claims that an audit undertaken in 2016 had revealed that the resources group had underpaid royalties since the early 2000s. BHP had reached a $529m settlement with the Australian Taxation Office regarding its Singapore marketing hub in November 2018.

CORPORATES
BHP GROUP LIMITED – ASX BHP, WESTERN AUSTRALIA. DEPT OF TREASURY AND FINANCE, AUSTRALIAN TAXATION OFFICE, RIO TINTO LIMITED – ASX RIO, SUPREME COURT OF QUEENSLAND

Fracking decision a blow to Forrest

Original article by Andrew Clennell
The Australian – Page: 22 : 28-Nov-18

Western Australia’s Premier Mark McGowan announced new hydraulic fracturing regulations on 27 November, following a review. He said that fracking will not be allowed in 98 per cent of the state, even though the review had found the risks associated with it are "low and manageable". Some of the licences held by a joint venture between Andrew Forrest’s Squadron Energy and Goshawk Energy will be impacted by the new regulations. Australian Petroleum Production & Exploration Association CEO Malcolm Roberts says it would have been preferable if the moratorium on fracking had been removed across the whole state.

CORPORATES
WESTERN AUSTRALIA. DEPT OF THE PREMIER AND CABINET, SQUADRON ENERGY, GOSHAWK ENERGY PTY LTD, AUSTRALIAN PETROLEUM PRODUCTION AND EXPLORATION ASSOCIATION LIMITED, BEACH ENERGY LIMITED – ASX BPT, BURU ENERGY LIMITED – ASX BRU, MITSUBISHI CORPORATION

WA Treasurer puts asset sales on hold

Original article by Brad Thompson
The Australian Financial Review – Page: 11 : 11-May-18

The Western Australian Government’s May 2018 Budget has forecast a deficit of $A1.3bn for 2017-18, while it expects to deliver a $A572m surplus in 2020-21. The Budget papers also show that the state’s net debt is forecast to be $A39.1bn in 2018-19 and $A40.85bn in 2019-20, with Premier Mark McGowan reiterating that the government will reduce debt gradually. Meanwhile, Budget measures are expected to result in the average household paying an extra $A292 in government fees and charges in 2018-19.

CORPORATES
WESTERN AUSTRALIA. DEPT OF THE PREMIER AND CABINET, WESTERN AUSTRALIA. DEPT OF TREASURY AND FINANCE, AUSTRALIAN LABOR PARTY, WESTERN POWER CORPORATION, LANDGATE, TOTALIZATOR AGENCY BOARD (WESTERN AUSTRALIA), INVESTEC AUSTRALIA LIMITED, AUSTRALIA. COMMONWEALTH GRANTS COMMISSION, AUSTRALIA. PRODUCTIVITY COMMISSION, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIA. DEPT OF FINANCE