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Buru Energy Ltd was dealt a blow in this week’s Federal Budget. In April 2022, Buru was awarded a $7M Commonwealth Government Grant for Geovault, their offshore geological storage of greenhouse gas in the Carnarvon Basin. The program that the grant was offered by has been cancelled in this new budget. A revised grant will …
Federal Budget Breakdown
The 2022 October Federal Budget has been announced. Here’s how the Goldfields and mining are affected. The migration cap will increase 35,000 persons to 195,000 people in 2022-23. At least 90% of these 35,000 will be for skilled migrants and more than 25% will be targeted to regional areas. This will ease labour shortages …
What You Missed In The News This Week
St Barbara’s share price plummeted to a 7 year low, dropping 35.18% after they released their quarterly report on Tuesday. The shares dropped from $0.68AUD to just $0.46AUD. Production was down almost 26% and costs up 34.8% from last quarter. Currently it costs St Barbara $4/oz more to produce gold than they receive from selling …
