FINWIRES · TerminalLIVE
FINWIRES

Market Chatter: Northern Star Resources in Talks with Government-Owned Utility to Supply Additional Back-Up Power to Western Australia Grid

By

Northern Star Resources (ASX:NST) is in talks for commercial terms with government-owned utility Western Power for the supply of up to 70 megawatts (MW) of additional capacity for the grid in Kalgoorlie-Boulder, Western Australia, ABC News reported on Wednesday.

Northern Star jointly owns the 110 MW Parkeston power station at Kalgoorlie. Western Australia's Energy Minister Amber-Jade Sanderson said it would enter into an arrangement with Northern Star to use their Parkeston facility and any excess power.

Northern Star's chief technical officer, Steve McClare, said the miner's plans to build a new 140 MW thermal power station and a separate 366 MW renewable facility, including up to 32 wind turbines and 230,000 solar panels, are in the final stages.

The firm's shares rose over 1% in recent trading on Wednesday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Related Articles

Asia

Jinhui Signs Sale-and-Leaseback Deals for Two Bulk Carriers

Jinhui (HKG:0137) has entered into sale-and-leaseback arrangements for two bulk carriers under construction, according to a Tuesday Hong Kong bourse filing.The company will sell each vessel to a unit of ICBC Financial Leasing for up to $18 million and lease them back under separate five-year bareboat charter agreements.The vessels, each with a deadweight of about 64,500 metric tonnes, are expected to be delivered in February and March 2028.

HKG:0137
Asia

BOE Technology Controlling Shareholder to Boost Ownership

BOE Technology (SHE:000725) said its controlling shareholder, Beijing Electronics, plans to purchase company shares worth 500 million yuan to 1 billion yuan over the next six months, according to a Wednesday filing with the Shenzhen bourse.

SHE:000725
Asia

CapitaLand India Trust Spends 30% of Private Placement Proceeds

CapitaLand India Trust (SGX:CY6U) has used SG$45.6 million, representing 30.4% of the gross proceeds of the private placement conducted earlier this year, according to a Wednesday filing to the Singapore stock exchange.Of the SG$100 million earmarked to part fund the ongoing development and construction as part of its acquisition of Building 1 of Ebisu in Bangalore, India, the manager used SG$37.3 million.The company also used SG$5.7 million of the SG$47.4 million allotted to part fund the ongoing development and construction of and acquisition of an office project in Bangalore from Maia Estates Offices.It also used SG$2.6 million to pay all the fees and expenses tied to the private placement.The company's shares were up nearly 2% in recent trade.

SGX:CY6U