Fuelled by China’s unquenchable thirst for resources, Australia’s notoriously cyclical energy & resources sector is back to its boom time best. In the wake of the global financial crisis, energy & resources has returned to growth faster than expected and is experiencing a significant rise in commodity prices, a healthy pipeline of projects and an increasing appetite for mergers & acquisitions.
With this success comes challenge, with our clients experiencing competitive tensions, regulatory scrutiny, labour shortages and a returned focus towards sustainable development. In recent times, the market has seen the proposed introduction of the controversial Minerals Resource Rent Tax, significant investment flows into renewables and a proposed harmonisation of occupational health and safety laws nationally.
At the forefront of these market developments, our dedicated Energy, Resources & Projects team brings together leading corporate, finance and specialist lawyers throughout our international network. We are focused on sharing insight into the business conditions and legal developments affecting our clients. It is this insight that differentiates King & Wood Mallesons from other top-tier firms and enables us to provide innovative commercial solutions.
As countries look to secure domestic supply of resources, we have been involved in some of the market's most significant resource-related deals. Within these deals, including the world's first coal seam gas to LNG project involving Australia’s largest LNG gas sale to Chinese interests, and Chinalco’s proposed investment in Rio Tinto, clients called upon our full-service offering and regional presence to guide them through Australia’s foreign investment regime.
King & Wood Mallesons continues to be at the forefront of the evolution of Australia's energy markets as they are shaped by privatisation, convergence, carbon challenges, regulatory reform and tightening supply/demand balance. We have a long history in the energy sector, having been involved in industry transforming transactions and every major round of regulatory reform, including the introduction and development of wholesale electricity and gas markets.