Alcoa spruiks profit boost if mining more WA forest approved
The US miner expects WA government approval within 12 months to destroy 75 square kilometres of jarrah forest to enable its "number one" lever to boost profits.
Jadestone Energy owns and operates the Montara and Stag oil projects off the coast of WA and has a stake in the North West Shelf oil fields. The London-listed and Singapore-headquartered company also has interests throughout South East Asia.
Jadestone Energy is now two wells down at its Montara field in the Timor Sea where 75% of its production comes from but says it has the cash to work on both Montara and Stag in 2021.
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