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Energy & Resources

The energy and resources sector has moved to centre stage with regard to Australia’s economy and competitiveness in Asia, and will continue as a main growth driver in the next decade. Demand for Australia’s mineral wealth to fuel expansion in emerging economies has seen a spike in cross-border transactions in key commodities such as iron ore, coal, liquid natural gas and coal seam gas. 

Multi-billion dollar infrastructure and other projects have progressed, with more in the pipeline. The climate change debate has polarised views, resulting in a greater focus on water security and renewable power, both of which have already spawned several projects.

Project sponsors, faced with higher project costs partly driven by wage pressures and the impending carbon tax, are looking beyond equity for financing and turning instead to syndicated debt involving foreign banks and secondary listings on international bourses.

Corrs lawyers can help clients develop appropriate structures to attract funding and mitigate their risks in relation to disputes and the impact of resource rent and carbon taxes.