The first major LNG financing this year is being wrapped up. The results show there is plenty of liquidity in the market. By John Arbouw.
The lithium market is predicted to need US$12bn worth of new mines to meet what is predicted to be a shortage of supply over the next five years. Western Australia is recognised as the world leader in the supply of lithium but as existing mines gear up and new mines want to come on stream, the issue will be on how these projects will be financed.
Palisade Investment Partners is considering various options including a possible bond issue to refinance the A$236m (US$170m) project finance debt of the 94.5MW Hallett 1 wind farm in South Australia.
Highbury Partnerships has been given the mandate by Queensland-based State Gas to advise on potential takeover over bids for itself.
Indonesia’s Terregra Renewables, which has ambitions to develop about 35MW of solar, is reported to be ready to ask the government for approval for the 5MW Moyhall solar project in South Australia.
Second-round bids have been put in to buy UBS Asset Management’s 60% ownership of the 206MW Collgar wind farm in West Australia. REST Super owns the other 40%.
The A$5.7bn (US$4.1bn) takeover of hospital operator Healthscope is almost complete, with Brookfield Business Partner’s scheme of arrangement offer accepted by the board and a deed of implementation signed.
Western Australian copper and zinc miner Venturex Resources has approached the National Australian Infrastructure Fund (NAIF) to provide a concessional loan for its project.
Adani Australia Renewables is reported to have asked the South Australian government for approval to build a 160MW solar project at Whyalla.
CKI-owned Australian Gas Infrastructure Group, formerly Duet, has received approval to begin operating its A$170m (US$120m) Tanami Gas pipeline in the Northern Territory.
Shell Australia and its partner Seven Group Holdings are expected to make a final investment decision (FID) on the US$2bn development of the Crux gas project off the north-west coast of Australia by next year, with the FEED process already under way.
Western Australian company Vango Mining has secured a two-year, A$10m (US$7m) debt facility from an unidentified lender to use on its Trident gold deposits within the Marymia project in the mid-west region of WA.
Pipeline company Epic Energy is reported to have refinanced a five-year, A$200m (US$143.9m) debt facility through CIBC, BNP Paribas, RBC and Mizuho.
Energy Projects Solar (EPS), an Australian renewable energy developer, is reported to have put in an application to the South Australian government to build a A$1.2bn(US$860m), 500MW solar project and a 250/1,000MW battery storage facility at Robertstown north-east of Adelaide.
Eni Australia, the local subsidiary of the Italian oil and gas company, has made its first acquisition in the Australian renewables market in buying the 33MW Katherine solar project in the Northern Territory from Epuron and UK-based Island Green Power.
AGL says it is looking to build a 250MW pumped hydro plant at Bells Mountain in New South Wales and will spend A$25m to upgrade the coal-fired Loy Yang power station in Victoria. AGL made the comments when releasing the company’s half-year results.