Latest Fuel Storage News

Channel Infrastructure maintained quarterly fuel throughput at 829 million litres despite higher prices, while work began on a new 15-year bp storage contract. The company also reported higher borrowings after its interim dividend and said major conversion projects remain within budget.

Sunshine Metals says refurbishment of its Mt Moss processing facility in north Queensland remains on schedule for commissioning and first gold in mid-2027. Construction is expected to begin in October or November, subject to final design work, tenders and contracts.

Channel Infrastructure NZ Limited reported a 47% rise in net profit for H1 2026, driven by expanded fuel storage capacity and upgraded EBITDA guidance, while declaring a 16% higher interim dividend.

EVZ Limited reported a 14% revenue increase to $123.1 million and a 213% jump in net profit after tax to $3.87 million for FY2026, resuming dividends for the first time since 2010.

Maritana Minerals has secured key regulatory approvals and is progressing critical non-process infrastructure at its Black Swan Processing Hub, keeping the project on track for first gold production in the second half of 2027.

EVZ Limited closed FY26 with a net positive operating cash flow of $10.1 million and an $18.3 million cash balance, while maintaining a robust $80 million contract backlog and progressing several acquisition opportunities for FY27.

Saunders International has landed a $23 million head contract from the Australian Department of Defence to upgrade fuel infrastructure at RMAF Base Butterworth in Malaysia, reinforcing its Defence sector credentials and expected to boost earnings across FY2027 and FY2028.

Channel Infrastructure has unlocked value from decommissioned assets while the Marsden Point Biorefinery project broadens its scope to include fertiliser production, aiming to boost New Zealand’s fuel and economic security.

Rapid Critical Metals has obtained a five-year BC Mines Act Permit for its Prophet River Project in Canada, enabling a maiden drilling campaign targeting critical gallium and germanium deposits amid global supply concerns.

Channel Infrastructure NZ Limited has accelerated key project completions and expanded contract scope, prompting a raised EBITDA forecast for FY2026 amid an uncertain fuel demand outlook.

Matsa Resources has kicked off a major diamond drilling campaign at Fortitude North targeting up to 1.85 million ounces of gold while reporting robust $28.7 million gold sales and $6.1 million EBITDA from the Devon Pit Gold Mine.

Boab Metals has secured a A$236 million syndicated loan and final regulatory approvals, accelerating construction at its Sorby Hills Silver-Lead-Zinc Project with production on track for H2 2027.