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Reporting for Investing News Australia
In 2019, Investing News Network (Vancouver, British Columbia) committed providing dedicate coverage of the Australian Resource, Technology and Cannabis industries, including the people, events, news, and information that make Australia such an exciting arena for smart investors. The INN Australia Desk includes editors, writers, production coordinators, and executives dedicated to independent financial education and news of interest and investors in Australian markets.
Scott is from Melbourne, where he obtained an arts degree majoring in politics at La Trobe University and a masters degree in journalism from the University of Melbourne.
He worked in Melbourne, country Victoria and Far North Queensland in a variety of roles ranging from digital media intern to community reporter before he came to INN Australia.
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With increasing needs for energy, the generation and use of energy is one of the most important cornerstones in any economy or civilization today. Australia is investing hundreds of billions of dollars into major energy projects — investments that will supply the energy for a brighter future.
Coal features prominently in the Australian economy and in the energy sector in particular. It is the second-largest export in Australia, outdone only by iron ore. Natural gas also makes the list at number four.
The energy industry in Australia produces 2.4 percent of the world's energy. Of the energy generated in the country, three-quarters of it is exported — AU$80 billion dollars' worth. Naturally, given the prevalence of coal in its economy, Australia's energy consumption largely relies on coal.
Hydro, wind and other renewables are on the rise, however. In 2020, renewable energy made up 24 percent of the total electricity generation. This number has risen. In a report released in April 2022 by the Clean Energy Council, renewable energy generation was said to comprise 32.5 percent of Australia's generation.
How much has Australia committed to energy projects?
Energy projects now include hydrogen and ammonia projects (classified together in the hydrogen commodity group), battery metals and their associated refineries. From November 2020 to October of 2021, the number of resources and energy projects in major development went up to 367. Battery and electric vehicle-related projects rose by 12 percent.
Since the last report, oil, gas and liquified natural gas (LNG) projects have over AU$11 billion committed to them, although due to COVID-19's impact on prices in 2020, final investment decisions for offshore projects have been deferred.
The value of new projects has jumped dramatically. In 2018, the combined value of publicly announced, feasible, committed and completed projects amounted to around AU$25 billion, and that saw little change through 2019 and 2020. However, in 2021 those combined totals leaped to over AU$200 billion.
Energy projects to watch
As Australia's largest three export commodities are iron ore, coal and liquified natural gas (LNG), it makes sense that projects at the committed stage of development have devoted around 75 percent of their funding to those industries. That means that, of the AU$54 billion dollars in committed stage projects, approximately AU$40.5 billion are on committed projects for iron, coal and LNG.
Here is a brief summary of committed stage energy projects:
Oil and gas
Santos (ASX:STO) has the AU$4.8 billion development of the Barossa gas field, 300 kilometres north of Darwin. It is intended to be a source of LNG when the company's Bayu-Undan facility ceases production.
A AU$6 billion dollar project from Chevron (ASX:CVX), this project is to add subsea compression technology so that the recoverability of the Jansz-Io field will be enhanced, as well as to maintain LNG supply to trains and a gas plant on Barrow Island.
APA pipeline expansion
This project is an expansion by APA (ASX:APA) to link Queensland with southern markets. The expansion increase is approximately 25 percent.
Port Kembla is an LNG import terminal on Australia's east coast. It could supply upwards of 75 percent of New South Wales' yearly gas needs, as well as supplying gas on the east coast.
Eight coal mines are at the committed stage, three are new projects and five are expansions or extensions of already-operational coal mines. The expectation is that these new mines will output 20 million tonnes annually. Committed coal projects increased 27 percent by value from 2020 to 2021.
Tianqi (SZSE:002466) is the company behind this project. The plant is for lithium hydroxide used in rechargeable batteries, primarily for electric vehicles and energy storage. Production is scheduled for the fourth quarter of 2022. A Tianqi sell-down to Independence Group (ASX:IGO) included a 49 percent interest in the Kwinana lithium refinery.
Kemerton is Albemarle's lithium hydroxide processing plant in Western Australia. The company expects to complete it by the end of the year, and says the assets of the construction will form the basis of a joint venture with its partner Mineral Resources (ASX:MIN).
Finniss is located in the Northern Territory, also with a 2022 first production schedule. Core Lithium (ASX:CXO) is aiming for 175,000 tonnes per year of spodumene concentrate.
Mineral Resources owns 40 percent of the Wodgina project; the remaining 60 percent is owned by Albemarle (NYSE:ALB). The project's capacity is 250,000 tonnes per annum of spodumene concentrate.
What is the outlook for investments in the sector?
An evaluation of the Australian market by Jessica Amir, an Australian market strategist at Saxo Bank, points out, "…(Australia's) share market has outperformed global equities…" and when speaking of the future of investing, says that the commodity and energy sector present investment opportunities. She is recommending looking into the energy sector in Australia for investment.
Don’t forget to follow us @INN_Australia for real-time updates!
Securities Disclosure: I, Ryan Sero, hold no direct investment interest in any company mentioned in this article.
Here's a brief overview of the major energy projects to watch in Australia in 2022.
GTI Energy Executive Director Bruce Lane: We’re Aligned with the Uranium Cycle www.youtube.com
GTI Energy (ASX:GTR,OTCQB:GTRIF) is clearly aligned with the uranium cycle, according to Executive Director Bruce Lane after the company acquired 13,800 acres of contiguous in-situ recovery uranium exploration claims at the Green Mountain project.
“We see ourselves in that part of the cycle, where we're into something that’s amenable to building out a resource,” Lane said. "Once we've got those pounds in the ground, we can be valued more readily. We think we're aligned with the cycle. These properties in Wyoming have mineralisation under the ground; we've got to go through a process of defining those pounds."
GTI Energy recently acquired Logray Minerals, holder of the Green Mountain project. The strategic acquisition increased GTI’s land holding by 40 percent to 35,000 acres.
“The acquisition grew our land package by about 40 percent," Lane said. "So we're happy that we've got a significant position there. We've been looking forward to the day when the acquisition occurs.”
The new GTI Energy claims are adjacent to deposits like Energy Fuels' (TSX:EFR,NYSE:UUUU) Sheep Mountain, Ur-Energy’s (TSX:URE,NYSEAMERICAN:URG) Lost Soldier, Rio Tinto’s (ASX:RIO,TSX:RIO,NYSE:RIO) Jackpot and UEC’s (NYSEAMERICAN:UEC) Antelope. The company is planning to conduct a 100,000 foot exploration drill program on GTI Energy’s Great Divide Basin properties.
“We will have a field team going out there in the next week or two to tighten our understanding of where we want to drill first," Lane said. "We are also working on permitting there, we're planning a fairly significant drill program, which is about 10 to 15 kilometres away from Green Mountain. We'll be putting out 100,000 feet of drilling into the Great Divide basin between July and likely until November or December.
“We define pounds in the ground, and enjoy the ride in the cycle where the uranium business in North America and the US enjoys a spectacular renaissance," he said.
Watch the full interview of GTI Resources Executive Director Bruce Lane above.
Disclaimer: This interview is sponsored by GTI Energy (ASX:GTR,OTCQB:GTRIF). This interview provides information that was sourced by the Investing News Network (INN) and approved by GTI Energy in order to help investors learn more about the company. GTI Energy is a client of INN. The company’s campaign fees pay for INN to create and update this interview.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with GTI Energy and seek advice from a qualified investment advisor.
This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.
“We define pounds in the ground, and enjoy the ride in the cycle where the uranium business in North America and the US enjoys a spectacular renaissance," said GTI Energy Executive Director Bruce Lane.
Although prices have cooled off from the highs seen earlier this year, the lithium market remains in focus and investors are interested in how to get exposure to the green energy transition.
Chris Evans, managing director at Winsome Resources (ASX:WR1), said Australian investors in particular are aware of the lithium opportunity, and reacted well to the company’s ASX listing this past November.
The company initially came to market with three lithium assets in the James Bay region of Quebec, and has since acquired two additional lithium projects in the province.
Work at the company’s Cancet project is building toward a maiden resource in Q1 2023, said Managing Director Chris Evans.
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