Cash-poor Kimberley fracker Black Mountain expects WA decision soon
The US-owned company is seeking funds from investors to stay a going concern while it awaits state and Federal approval.
The Pilbara region in north west WA is the source of two major Australian exports - iron ore and gas - and produces other commodities including lithium and salt.
As the world electrifies, demand for the metal is expected to jump 50 per cent in 15 years.
The half-sized project in WA's North West will now pursue power sales to Pilbara miners and data centres and the production of green ammonia off-site.
Canadian firm Vermilion judged the chance of the December spill as "rare" - the same probability it claims for seven planned exploration wells that could affect anywhere along the Pilbara coast.
Andrew Forrest's miner is back to the drawing board to find a new solution that does not disrupt production and can be delivered by 2030.
Troubled UK oil and gas major BP has exited its third WA alternative fuel project in six months, walking away from the Australian Renewable Energy Hub after just two years.
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