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Australian new environment agency to speed up approvals

  • : Coal, Crude oil, Metals, Natural gas
  • 24/04/16

The Australian federal government announced today it will introduce new legislation in the coming weeks to implement the second stage of its Nature Positive Plan, which includes setting up a national environment protection agency to speed up approval decisions.

The planned Environment Protection Australia (EPA) will initially operate within the Department of Climate Change, Energy, Environment and Water until it transitions to become an independent statutory agency, with "strong new powers and penalties" to better enforce federal laws, the government said on 16 April.

The EPA chief will be an independent statutory appointment, similar to the Australian federal police commissioner, so that "no government can interfere" with the new agency's enforcement work. The agency will be able to audit businesses to ensure they are compliant with environment approval conditions and issue environment protection orders to anyone breaking the law. Penalties will be increased, with courts able to impose fines of up to A$780mn ($504mn) or jail terms for up to seven years in cases of extremely serious intentional breaches of federal environment law.

EPA will also be tasked with speeding up development decisions, including project assessments in areas such as renewable energy and critical minerals. Almost A$100mn will be allocated to optimise the approval processes, with its budget directed to support staff to assess project proposals and help businesses comply with the law.

A new independent body Environment Information Australia (EIA) will also be created to provide environmental data to the government and the public through a public website. EIA will need to develop an online database giving businesses quicker access to data and helping EPA to make faster decisions. It will also need to publish state of environment reports every two years.

The government said that an audit ordered by environment minister Tanya Plibersek last year found that around one in seven developments could be in breach of their offset conditions, when a business had not properly compensated for the impact a development was having on the environment, highlighting "the need to urgently strengthen enforcement".

The planned new legislation is part of the federal government's reform of Australia's environmental laws including the Environment Protection and Biodiversity Conservation Act. Resource project decisions are currently made by the environment minister, with the move to an independent agency will removing any perception of political interference in such decisions, the government said when it first announced the reforms in late 2022.

The first stage of the reform was completed late last year with new laws passed to create the Nature Repair Market, with further stages expected to be implemented in the future, the government said.

Tight timing

Resources industry body the Chamber of Minerals and Energy of Western Australia (CMEWA) welcomed the announcement that the federal government will take a "staged approach" to the implementation of the reforms but noted the timing of EPA's implementation was "tight".

"We continue to hold reservations about the proposed decision-making model and will continue to advocate for a model that balances ecologically sustainable development considerations and includes the [environment] minister as the decision maker," CMEWA chief executive Rebecca Tomkinson said.

The Minerals Council of Australia (MCA) said that it had been advocating for the creation of EIA, whose future collated data "will provide greater certainty and reduced costs for both government and project proponents", which "may shave years off project development". But it was cautious about potential "unintended consequences" stemming from more bureaucracy.

"Australia has one of the most comprehensive environmental approvals processes in the world and the MCA has been clear about the significant risks of duplicative, complex and uncertain approvals processes pose to the minerals sector, the broader economy and the environment if we do not get this right," it warned.


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25/05/13

Mexico industrial production contracts in March

Mexico industrial production contracts in March

Mexico City, 13 May (Argus) — Mexico's industrial production contracted by 0.9pc in March from the previous month, as declines in mining and manufacturing were only partly offset by continued growth in construction. The drop was not enough to undo the 2.2pc increase in February — the sharpest monthly expansion in four years — as manufacturers ramped up output ahead of incoming US tariffs. The March industrial production index (IMAI), published by statistics agency Inegi, was higher than Mexican bank Banorte's forecast of a 1.4pc decline. Banorte noted signs of volatility affecting manufacturing and other sectors because of a complex trade outlook. Manufacturing contracted 1.1pc in March after expanding 2.9pc in February. The impact varied across subsectors, with metal goods down 5.5pc and transportation, including auto production, down 1.1pc. Volatility may ease in the coming months as US tariff policies become clearer and Mexican officials push to preserve the country's trade edge under US-Mexico-Canada (USMCA) free trade agreement rules, Banorte said. Construction expanded 0.8pc in March, following increases of 3.4pc in February and 0.5pc in January, driven by higher public investment tied to President Claudia Sheinbaum's economic plan, "Plan Mexico." Analysts see the plan as a catalyst for continued growth in construction this year, with measures including greater domestic content in public purchases, public-private participation in infrastructure projects and a target of $100bn in private infrastructure investment for 2025. These effects could be amplified by aggressive interest rate cuts from the central bank. Mining contracted by 2.7pc in March, returning to negative territory after a slight 0.1pc uptick in February. Oil and gas output also contracted 2.7pc after rising 1.0pc the month before, while non-oil mining contracted 4.3pc in March after a 0.6pc increase in February. By James Young Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

US inflation eases to 2.3pc in April


25/05/13
25/05/13

US inflation eases to 2.3pc in April

Houston, 13 May (Argus) — US inflation slowed in April, pulled lower by falling gasoline prices, while core inflation continued to show signs of mounting inflation pressures, as the new US administration's tariff policies have scrambled corporate and consumer investment and spending patterns. The consumer price index (CPI) slowed to a seasonally adjusted annual rate of 2.3pc in April, down from 2.4pc in March and off from 2.8pc in February and the lowest rate since February 2021, the Labor Department reported Tuesday. Analysts surveyed by Trading Economics had forecast a 2.4pc rate for April. Core inflation, which strips out volatile food and energy, rose at an 2.8pc annual rate, unchanged from the prior month. The deceleration in inflation came a month after President Donald Trump began to levy tariffs on imports from China and on steel, aluminum and automobiles, starting in February. Several tariff deadlines were pushed back, including a three-month pause enacted this week on much steeper tariffs for most countries. The tariffs have prompted companies and consumers to pull back on investments and some purchases while shaking up financial markets, and heightening concerns of a global recession. The energy index fell by an annual 3.7pc in April, down from 3.3pc in March. Gasoline fell by 11.8pc after a 9.8pc decline. Piped natural gas rose by an annual 15.7pc following a 9.4pc gain. Food rose by an annual 2.8pc, slowing from 3pc. Eggs slowed to an annual 49.3pc after an annual 60.4pc, as avian flu has slashed supply. Shelter rose by an annual 4pc in March, matching the prior gain. Services less energy services rose by 3.6pc, slowing from 3.7pc in March. New vehicle prices edged up by an annual 0.3pc. CPI rose by a monthly 0.2pc in April after falling by 0.1pc in March. Core inflation rose by 0.2pc for the month following a 0.1pc gain in March. By Bob Willis Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Namibia expects first oil in 2029-30: Official


25/05/13
25/05/13

Namibia expects first oil in 2029-30: Official

Paris, 13 May (Argus) — Namibia expects first oil and gas from its offshore oil blocks as early as 2029, according to the country's petroleum commissioner Maggy Shino. Oil and gas production is on track to begin by that time, Shino said, with a first field development plan set to be received from TotalEnergies by July. The French major is a stakeholder in the Venus block, which it estimates to contain 750mn bl. The timeline announcement comes as Namibia seeks to accelerate the path to first oil, Shino said. Windhoek is streamlining licensing processes and is encouraging industry to contribute to upstream policymaking, she told the Invest in African Energies forum today. TotalEnergies, which discovered Venus in February 2022, plans to make a decision on whether to begin the development of the field next year. Its chief executive Patrick Pouyanne said he was negotiating with the Namibian government about the development but that discussions were still at an early stage. "It's a project which faces, fundamentally, some challenges, but it's feasible," Pouyanne told analysts on the company's first-quarter earnings call in April . Speaking at the conference, TotalEnergies' senior vice president for Africa, Mike Sangster, said the three wells the company has tested at Venus have demonstrated the need for a lot of gas reinjection, and he said it will be difficult to keep the cost of development down to Pouyanne's publicly-stated $20/bl. Besides upstream investment, Namibia is encouraging investors to consider port and pipeline infrastructure with a particular emphasis on the coastal town of Lüderitz in the southwest. Namibia's new president, Netumbo Nandi-Ndaitwah, placed the country's oil and gas industries under direct presidential control the day after her inauguration in March. Although details of the restructuring have yet to emerge, some stakeholders hope the move will speed up decision making. By George Maher-Bonnett Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

ISTA blasts 'ludicrous' Tata Steel UK assertion to TRA


25/05/13
25/05/13

ISTA blasts 'ludicrous' Tata Steel UK assertion to TRA

London, 13 May (Argus) — Tata Steel UK's claim to the Trade Remedies Authority (TRA) that 2m-wide hot-rolled coil (HRC) could be bought for slitting is "ludicrous", according to the International Steel Trade Association (ISTA). In a submission to the TRA as part of its safeguard review, Tata said that if 2m-wide material, which it does not produce, is removed from the safeguard, it would be bought and slit, meaning it is no different from the material produced by Tata . But ISTA said 2m-wide HRC is a "significant part" of the yellow goods market and is used by companies such as JCB, Caterpillar and Liebherr for earth-moving, construction and agricultural equipment. It is also used in pipe and tube production and does not constitute a small proportion of the overall market, as suggested by Tata, ISTA said. The material must be imported as it is not manufactured in the UK and carries a premium over speed-stock widths produced by Tata. "For Tata Steel, who import volumes of this width themselves, to suggest that wider coil is ‘often imported only to be slit to narrower cuts' is ludicrous," ISTA said, arguing that there are "almost no" slitting lines in the UK that are capable of slitting 2m-wide material. The lines that do exist typically slit hot-dip galvanised (HDG) rather than HRC, Argus understands. Importers have also questioned the economic rationale of Tata's assertion that if higher-yield HDG is removed from the safeguard, importers would buy it and use it to compete with more commoditised grades produced by Tata. Higher-yield material carries a premium, and it would make no economic sense to pay it and then compete in the commodity market, trading firms told Argus . The TRA, which is expected to announce its provisional findings this week, is widely anticipated to propose caps on the quota for other countries' HDG. Importers told Argus that they were surprised by the aggressive tone of Tata's rebuttal to claims fielded by importers about material that it does not produce being excluded from the safeguard. By Colin Richardson Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

India’s Vedanta expands metals exploration


25/05/13
25/05/13

India’s Vedanta expands metals exploration

Mumbai, 13 May (Argus) — Indian private-sector mining firm Vedanta is exploring critical mineral assets in six states as it looks to strengthen its position in the fast-growing clean energy value chain. Vedanta is exploring for copper, nickel, cobalt, chromium, vanadium, tungsten and platinum-group elements (PGEs) in states such as Maharashtra, Rajasthan, Bihar, Arunachal Pradesh, Karnataka, and Chhattisgarh supported by India's policy push for mineral security , it said on 10 May. Vedanta secured four mineral blocks in the fourth round of India's critical mineral auctions. It won a vanadium and graphite block in Arunachal Pradesh and a cobalt, manganese, and iron (polymetallic) block in Karnataka. Its subsidiary Hindustan Zinc (HZL) was awarded one tungsten block in Andhra Pradesh and another in Tamil Nadu. The company is expanding its value-added aluminium products capacity in billets, primary foundry alloys, rolled products and wire rods. Aluminium billets are used in the aerospace, defence and solar power sectors, while aluminium rolled products are used in high-speed railways, electric vehicles, pharmaceuticals and battery enclosures. HZL is exploring uses for zinc beyond galvanizing steel to protect it from rust, which currently accounts for over 60pc of global zinc demand. It has entered the zinc alloy sector with a 30,000t plant and plans to significantly increase the share of value-added products in its aluminium portfolio to over 90pc in the near term. Vedanta's board earlier this year approved an investment of about $1.5bn to expand its aluminium capacity, including an expansion at its smelter in Orisha to increase production, as well as increased value-added product capacity at its flagship aluminium plants. By Deepika Singh Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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