Latest Renewables News

AGL Energy’s half-year results reveal a 15.3% revenue increase to $7.13 billion, but statutory profit plunges 83.2% to $97 million, reflecting margin pressures and significant provisions. The company declares a lower fully franked interim dividend of 23 cents per share.

Predictive Discovery Limited has successfully completed a A$69.2 million strategic placement with key investors Lundin family and Zijin Mining Group, strengthening its financial position for future growth.

ASB reported a modest 1% increase in cash net profit after tax for the half-year ending December 2024, underpinned by rising lending volumes and strategic investments in housing and fraud prevention amid New Zealand's gradual economic recovery.

Arena REIT has delivered a strong half-year 2025 performance, with significant profit growth driven by strategic acquisitions and development completions, while reaffirming its distribution guidance and sustainability commitments.

Arena REIT delivered a robust HY2025 performance with statutory net profit soaring 87%, underpinned by strategic acquisitions and development completions. The REIT reaffirmed its FY2025 distribution guidance, signaling confidence in sustained growth amid a strong social infrastructure portfolio.

Genesis Energy and New Zealand’s top generators are exploring extending Huntly Power Station’s life to address supply risks highlighted by winter 2024’s energy crunch.

Ardea Resources progresses its Kalgoorlie Nickel Project DFS, awarding a key $5.4 million contract to Lycopodium for the Hydrogen Sulphide Plant, underpinning plans for a low-cost nickel-cobalt operation.

Clarity Pharmaceuticals has expanded its breast cancer pipeline by introducing 64/67Cu-SAR-trastuzumab, supported by promising pre-clinical data and a new supply agreement for trastuzumab, aiming to address the unmet needs in HER2-positive breast cancer treatment.

China’s new export restrictions on molybdenum have shifted global supply dynamics, positioning EV Resources’ Parag copper-molybdenum project in Peru as a strategic alternative supplier to the USA and Americas. With strong drilling results confirming high-grade molybdenum by-product, EV Resources is advancing plans amid growing demand.

Kinetiko Energy reports sustained and improving gas flows from its South African test wells, prompting a drilling optimization study to enhance recovery and support future production.

Askari Metals has announced a significant 28% upgrade to the gold resource at its 100%-owned Burracoppin Gold Project in Western Australia, now containing 82,700 ounces of gold. The company highlights strong exploration potential and ongoing investor interest amid record gold prices.

Mantle Minerals Limited has announced a significant 10-for-1 consolidation of its ordinary shares and performance rights, set to reshape its capital structure by March 2025. This move aims to streamline the company’s share register ahead of renewed market activity.