3000 WA mine jobs disappear
More than 3000 jobs have disappeared from WA's mining sector this financial year, highlighting that the slowdown has well and truly hit the state. The West
Shorten warned on rout
Workplace Relations Minister Bill Shorten and other powerbrokers sticking by Prime Minister Julia Gillard will be held responsible if Labor is trounced at the September 14 election as the polls predict, say those mounting one last push for a leadership change. The Fin
Sign up to farm aid: Swan to states
Wayne Swan has challenged the states to ‘‘stop playing games’’ with the lives of drought-stricken farmers and sign up to the Gillard government’s $420 million rescue package. The Aus
10pc price shock sparks rethink
Industry groups have called for sweeping changes to the way business is charged for access to Western Power's $7 billion network of wires and poles, with fears firms will continue to be offset sharp falls in electricity revenue. The West
Peet will have to dig deeper to win over CIC holdouts
Peet's $76 million “agreed” takeover of Canberra residential developer CIC Australia looks like being stranded short of compulsory acquisition. The West
Top Resources Headlines
3000 WA mine jobs disappear
More than 3000 jobs have disappeared from WA's mining sector this financial year, highlighting that the slowdown has well and truly hit the state. The West
Services hone competitive edge
Wariness but not pessimism has set in among mining services companies now the resources investment boom appears to have peaked, but they still see scope for cost-cutting and look to help from a lower Australian dollar. The Fin
Macmahon accused of safety breach
Embattled mining contractor Macmahon Holdings has been accused of a “serious safety breach” by mining giant Glencore Xstrata after being kicked off a $129 million copper mine expansion project in NSW. The Fin
Top Politics Headlines
Shorten warned on rout
Workplace Relations Minister Bill Shorten and other powerbrokers sticking by Prime Minister Julia Gillard will be held responsible if Labor is trounced at the September 14 election as the polls predict, say those mounting one last push for a leadership change. The Fin
Sign up to farm aid: Swan to states
Wayne Swan has challenged the states to ‘‘stop playing games’’ with the lives of drought-stricken farmers and sign up to the Gillard government’s $420 million rescue package. The Aus
New Healthway threat to withhold sports sponsorship
WA's health promotion agency could soon push for sporting clubs to give up gambling revenue in return for its multimillion dollar sponsorship. The West
12-month delay for hospital
The state government has been forced to push back the full operation of Fiona Stanley Hospital 12 months because of problems with information technology and failures to complete timely workforce planning. The West
Top Property Headlines
Peet will have to dig deeper to win over CIC holdouts
Peet's $76 million “agreed” takeover of Canberra residential developer CIC Australia looks like being stranded short of compulsory acquisition. The West
Building too costly and too hard
Australia's building industry is the most adversarial in the world, and inefficiencies have made Sydney among the five most expensive cities to build an office tower or apartment building, according to United States engineer and project manager AECOM. The Fin
Ratepayer 'no' to yes campaign
Ratepayer associations are ‘‘disgusted’’ by the Australian Local Government Association’s plan to use public money to fund a nationwide advertising campaign for the September 14 referendum. The Aus
The West Australian
Page 1: WA's health promotion agency could soon push for sporting clubs to give up gambling revenue in return for its multimillion dollar sponsorship.
Page 4: Desperate jobseekers are offering thousands of dollars in cash to anyone who can help them get mining jobs, as work opportunities in the sector dwindle.
Aspiring prime minister Clive Palmer has pledged an $80 billion injection for health care and hospitals over three years if his fledgling party wins the September 14 election.
Page 6: Senior Labor powerbroker Gary Gray has sought to end renewed leadership speculation dogging Julia Gillard, declaring there will be no minute-to-midnight switch back to Kevin Rudd.
Page 7: The state government has been forced to push back the full operation of Fiona Stanley Hospital 12 months because of problems with information technology and failures to complete timely workforce planning.
Health Minister Kim Hames says it is hard to justify spending taxpayers' money on new “TVs, couches or whatever” at Perth's outdated children's hospital.
Page 9: The Auditor-General is set to examine lucrative consultancy work awarded by Colin Barnett's department which was not advertised publicly after the government split it into two smaller contracts.
Page 11: Parts of the Canning River are often effectively dead, according to a report that warns toxic algal blooms and fish kills will become more common in the waterway as Perth's climate dries.
Page 14: Perth Airport's lack of a full automatic landing system has again caused havoc, with more than 20 flights diverted yesterday when fog blanketed the city.
Page 16: A Perth-based company today launches the world's most comprehensive airline rating system to take the guesswork out of air travel.
Business: More than 3000 jobs have disappeared from WA's mining sector this financial year, highlighting that the slowdown has well and truly hit the state.
Peet's $76 million “agreed” takeover of Canberra residential developer CIC Australia looks like being stranded short of compulsory acquisition.
Industry groups have called for sweeping changes to the way business is charged for access to Western Power's $7 billion network of wires and poles, with fears firms will continue to be offset sharp falls in electricity revenue.
Superannuation funds would clamour to buy WA's electricity utilities if the state government ever wanted to sell them, according to the peak body representing the $1.6 trillion sector.
Inpex Corp, aiming to become Japan's first developer and operator of an LNG project, has increased its acreage in the highly prospective Browse Basin as part of long-term planning to secure more gas for its landmark $US34 billion Ichthys development.
The head of Anshan Iron and Steel has cast new doubt on the future of Chinese offshore investment in iron ore projects, saying it could take five to seven years for profits at steelmakers to recover from the glut in capacity.
The Australian Financial Review
Page 1: Workplace Relations Minister Bill Shorten and other powerbrokers sticking by Prime Minister Julia Gillard will be held responsible if Labor is trounced at the September 14 election as the polls predict, say those mounting one last push for a leadership change.
One of the world's most powerful law firms in industrial relations for two decades, Herbert Smith Freehills, has lost four partners to US labour law specialist firm Seyarth Shaw, which wants to break into the local market.
Fidelity Investments, one of the world's largest investors, is concerned about potential economic or market disruption from the rapid fall in the dollar.
Page 7: The Coalition is supporting a rare decision by the competition regulator to block the construction of a new Woolworths outlet in Sydney's west, signalling it may take a tough approach against the two main supermarket chains if it wins government.
Page 8: Wariness but not pessimism has set in among mining services companies now the resources investment boom appears to have peaked, but they still see scope for cost-cutting and look to help from a lower Australian dollar.
Page 9: Australia's building industry is the most adversarial in the world, and inefficiencies have made Sydney among the five most expensive cities to build an office tower or apartment building, according to United States engineer and project manager AECOM.
Page 15: Several of the world's largest bond managers predict the Australian dollar will continue to freefall as the economy slows and growth in China cools in contrast to a recovery in the US.
Page 17: Embattled mining contractor Macmahon Holdings has been accused of a “serious safety breach” by mining giant Glencore Xstrata after being kicked off a $129 million copper mine expansion project in NSW.
The Australian Securities and Investments Commission may struggle to prove Newcrest Mining breached its continuous disclosure obligations ahead of unveiling massive write-downs last week, legal experts say.
Page 22: Troubled explorer Intrepid Mines looks likely to avoid a board spill after proxy advisers decided to recommend shareholders back its directors at a general meeting next week.
The Australian
Page 1: Julia Gillard is digging in against another round of leadership speculation, telling supporters she is ‘‘going nowhere’’ as union officials in her home state of Victoria concede momentum is shifting towards former prime minister Kevin Rudd.
Schools in remote communities will receive the biggest increases in funding per student under the Gonski reforms, giving some schools more than $60,000 for every child each year.
Page 2: The Gillard government must sign up more than 9600 people a day to meet its target of 500,000 registrations by the end of the month for the $467 million eHealth record system.
NBN Co’s task to connect new homes to Labor’s $37.4 billion National Broadband Network has been dealt a fresh setback as one of its lead project designers became the latest in a string of executives to leave the company.
Debt could breach the government’s legislated $300 billion maximum limit this calendar year as the outlook for Australia’s resource sector deteriorates.
Page 3: Wayne Swan has challenged the states to ‘‘stop playing games’’ with the lives of drought-stricken farmers and sign up to the Gillard government’s $420 million rescue package.
Page 4: The Coalition is preparing to exploit a sudden change in the Labor leadership by forcing a vote that could take the nation to an August election amid a blistering advertising campaign against Kevin Rudd.
Page 6: Ratepayer associations are ‘‘disgusted’’ by the Australian Local Government Association’s plan to use public money to fund a nationwide advertising campaign for the September 14 referendum.
Business: Virgin Australia is working on plans to ramp up its Asian strategy, considering flying its own long-range aircraft into Singapore to further cement its alliance with powerhouse carrier Singapore Airlines, only months after Qantas moved its new international hub to Dubai in the Middle East.
Newcrest Mining may come under further pressure this week amid talk of equity raisings and asset sales in the wake of Friday’s announcements that up to $6 billion of writedowns are on the way and that production will be less than predicted next year.
The International Energy Agency says global carbon dioxide emissions reached record highs last year despite improvements in the US and China, meaning the world is unlikely to limit global temperature rises to the 2 per cent government target.
Intrepid Mines’ ability to fight off the boardroom challenge led by Hong Kong-based private equity group Quantum Pacific has been strengthened by two proxy advisers recommending shareholders reject the move at a planned June 20 meeting in Brisbane.
The head of Western Australia’s Department of Mines and Petroleum has weighed in on the debate about the environmental impacts of the state’s budding shale gas industry amid ongoing community concerns about the industry’s safety.
