INDEPENDENT FINANCE NEWS FOR AUSTRALIA

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Business

Company strategy, industry shifts, deals and the people running Australian businesses.

Business · 22 Oct 2026

Kimberley 1GW data centre and 6.7GW renewables precinct worth $41 billion referred for federal environmental review

A proposed off-grid renewable energy precinct in the Kimberley that includes a 1GW data centre and 6.7GW of generation capacity, valued at $41 billion, has been formally referred for federal environmental assessment. The referral begins the project’s assessment under national environment law and marks a significant step for the large-scale regional development.

Business · 21 Oct 2026

Manhattan Gold’s maiden Hook Lake campaign uncovers high-grade gold and a new polymetallic front

Manhattan Gold’s first-ever drilling at Hook Lake in Nunavut has returned multiple high-grade gold intercepts at its Jaws prospect and a substantial copper–gold–zinc–silver hit at a new Spectre target, expanding the project’s potential to a multi-kilometre discovery. The 25-hole, 4,592-metre program has extended known mineralisation and left key assays pending as the company plans further testing and an expanded 2027 season.

Business · 21 Oct 2026

On bail and facing charges, Ben Roberts‑Smith mounts media blitz with 150‑minute 2GB interview and new clothing brand

Ben Roberts‑Smith has launched a coordinated publicity campaign this week that includes a new clothing label and a long‑form interview on 2GB, amid preparations to fight five counts of war crimes murder charges. The appearance, a 150‑minute interview to be premiered on YouTube, forms part of a broader push that has drawn high‑profile backers and raised questions about the effect of publicity on his legal proceedings.

Business · 21 Oct 2026

Fortescue sacks senior executive after independent probe finds harassment breaches

Fortescue Metals Group has terminated a senior executive after an independent MinterEllison investigation substantiated sexual harassment and bullying claims. The Perth-based iron ore giant, Australia’s third-largest miner, also faces a Federal Court class action alleging widespread misconduct at its Pilbara operations.

Business · 21 Oct 2026

Locksley ramps up major copper‑gold drilling at 1,000km² Greater Tottenham play

Locksley Resources has established an operations hub at Tottenham and begun detailed re‑logging and metallurgical work as it prepares a staged 15,500‑metre drilling campaign across its 1,000‑square‑kilometre Greater Tottenham copper‑gold district. The company is finalising permits and a drill rig contract for initial programs at Iron Duke and other priority prospects while completing independent resource estimates for Tottenham and Iron Duke.

Business · 21 Oct 2026

Red Metal launches 6‑metre heap‑leach tests at giant Sybella rare‑earths project

Red Metal has begun six‑metre column leach testwork at its Sybella rare‑earths deposit in northwest Queensland to simulate commercial heap‑leach conditions and de‑risk processing ahead of a planned DFS. The programme targets recoveries, acid consumption and kinetics for the company’s 4.795‑billion‑tonne inferred resource, with a PFS due early next year.