Australian news, and some related international items

Police anti-bribery taskforce examining mining company Iluka Resources’ activities in Africa

AFP to examine Iluka bribery concerns in Africa, The Age, Nick McKenzie, Richard Baker, 26 Aug 17  A federal police anti-bribery taskforce is examining if ASX-listed firm Iluka Resources has breached Australian corruption laws after acquiring a London firm accused of bribing high-ranking Sierra Leone officials to win mining licences.

The AFP’s involvement in the case – which Iluka has not disclosed to the share market – comes after Fairfax Media revealed earlier this month that a secret internal inquiry by the Australian miner had embroiled a leading Sierra Leone presidential candidate, a cabinet minister and high-ranking officials in a bribery scandal.

The revelations place Australia’s corporate foreign bribery detection regime under the spotlight, along with questions about how much companies need to tell shareholders about corruption allegations…….

August 26, 2017 Posted by | General News | Leave a comment

26 August REneweconomy news

Launch of National Smart Energy Training Centre
  • For the first time the smart energy sector will have a truly national training strategy.
  • NREL’s new look at generation costs: Wind and solar still cheapest
    New study on technology generation costs shows wind and solar remain cheapest, with further cost falls ahead.
  • Supply crunch casts shadow over Australian solar boom
    China’s unexpected 2017 boom in solar PV installation could have an unfortunate impact on the ambitious plans of many in Australia’s surging solar sector – a bottleneck in module supplies and price rises that could impact the huge pipeline of project.
  • VSUN edges closer to home storage market for vanadium batteries
    Australian Vanadium says VSUN subsidiary well advanced in negotiations to roll out residential vanadium redox flow battery.
  • Vales Point coal plant looks to build 45MW solar farm
    Owners of Vale Point coal generator looking to build 45MW solar farm on landfill site of now closed coal units.

August 26, 2017 Posted by | AUSTRALIA - NATIONAL, energy | Leave a comment