The world’s biggest supplier of non-China rare earths, Lynas, is evaluating diesel fuel and gas alternatives to a defective power supply contract that has intermittently stranded its $800m processing plant near Kalgoorlie.
For years one of the most hazardous places to stand was between mining billionaire Andrew Forrest and a microphone. These days the even-wealthier Gina Rinehart is challenging Forrest on visibility and hyperbole.
Lynas Rare Earths has blamed grid outages caused by Western Australia’s transition to green energy for a slump in production at its Kalgoorlie processing hub.
A renewable energy company owned by the Chinese government has been provided taxpayer-funded support under Chris Bowen’s flagship Capacity Investment Scheme.
Gina Rinehart has delivered a ringing endorsement of the Liberal Party’s move to abandon net zero emissions targets and said retirement of the “very bad policy” is overdue.