Latest Fuel Supply News

Foresta Group Holdings has locked in a 30-year lease for its Kawerau site in New Zealand, underpinning its integrated biomass manufacturing ambitions. The company continues steady progress on project design, supply partnerships, and risk management while maintaining a solid cash position.

Hillgrove Resources posted a record 3,120 tonnes of copper production in Q1 2026, driving a 22% jump in cash to $25.2 million. The company’s exploration at Emily Star and Nugent underpins ambitions to surpass 2 million tonnes annual throughput.

Ampol reported a robust first quarter in 2026, with refinery margins soaring to US$25.45 per barrel and production up 10%, while securing fuel supplies through May despite geopolitical tensions.

Boab Metals has secured a six-year diesel supply deal with Cambridge Gulf subsidiary CGL Fuel, ensuring fuel reliability for Sorby Hills as it advances toward production in late 2027.

Lindian Resources has secured a fixed-price diesel supply agreement for the Kangankunde Rare Earths Project, removing fuel cost uncertainty through construction and commissioning and reinforcing the project’s low-cost profile.

National Australia Bank is adjusting its credit provisioning and capital policies in response to market volatility from the Middle East conflict, with significant impacts on its 1H26 earnings and balance sheet.

Channel Infrastructure has locked in a government contract for 93 million litres of additional diesel storage at Marsden Point, adding about $8 million revenue in 2026 and reinforcing its role in New Zealand’s fuel security.

Beacon Minerals produced 5,419 ounces of gold in Q1 2026 amid operational shifts at Jaurdi, completed key asset sales to Forrestania, and set a June quarter production target of 5,000 to 6,000 ounces.

Genesis Minerals posted robust March quarter results with 67,497oz gold production and a cash pile nearing A$600 million, while accelerating development at Tower Hill and preparing to close a transformative A$639 million acquisition of Magnetic Resources.

Larvotto Resources is progressing the Hillgrove Antimony-Gold Project on time and budget, aiming for mid-2026 production amid rising strategic demand for antimony. The project benefits from grid power, ongoing drilling success, and government support for critical minerals.

Cleanaway has trimmed its FY26 EBIT forecast to $460-$480 million, citing a $20 million hit from rising fuel and logistics costs linked to the Middle East war. The company leans on contractual fuel cost pass-throughs and strategic supply deals to cushion the blow.

Black Cat Syndicate has fully transitioned its Lakewood facility to process ore exclusively from its Fingals and Majestic mines, supported by a $20 million expansion plan to increase capacity and operational flexibility.