| Allegiance Mining takeover target |
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| Monday, 17 December 2007 | |
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Allegiance Mining, owner of Geothermal Energy Tasmania (GET), was the target of a hostile takeover bid from Zinifex Ltd on Monday 17th. The bid places the future of GET and its western Tasmanian geothermal project in doubt, as Zinifex only stated an interest in Allegiance’s nickel assets. |
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Newsflash
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Queensland's First Geothermal Permit Granted The ABC rural Queensland news reported Queensland's first permit for geothermal energy exploration was issued on the 1st of June by the State Government to a New South Wales-based company. Managing director of "Granite Power" Stephen de Belle says it won the tender for its "Nagoorin" tenement near Gladstone about a year ago, but the permit means they can now start drilling.. |
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