MELBOURNE An Australian state on Friday granted mining leases for a coal mine controlled by Korea Resources Corp (KORES), clearing the way for a project that green groups and some local communities have battled for more than a decade.
* CLP faces up to $900 mln writedown on Australian retail
* Coal most likely headed to South East Asia
(Adds green group comment)
SYDNEY Construction delays and cost blowouts could hit the next wave of liquefied natural gas (LNG) projects as there are a limited number of contractors able to handle the huge projects, three developers said on Wednesday.
* East Timor aims for final investment decision on project
* Prelude marks last of Australia's $200 bln LNG
MELBOURNE Royal Dutch Shell on Monday shipped the long-awaited first cargo of liquefied natural gas from its massive Prelude floating LNG plant off northwest Australia, sealing the nation's position as the world's top exporter of the fuel.
MELBOURNE Jailed former Vatican treasurer George Pell will find out within weeks whether his conviction on child sex offences stands, is overturned or he has to face another trial after prosecutors on Thursday urged an Australian court to reject his appeal.
MELBOURNE Former Vatican treasurer Cardinal George Pell appeared in an Australian court on Wednesday for an appeal hearing to overturn convictions for sexually abusing two choir boys in the 1990s. | Video
SYDNEY/BRISBANE Papua New Guinea's new prime minister pledged on Thursday to "tweak and turn" laws governing how natural resources are extracted to help lift the vast South Pacific archipelago out of poverty.