Matt Mckenzie joined Business News in June 2014 and reports on projects, energy, agribusiness, infrastructure, small business, manufacturing and economics. He completed bachelor of arts and bachelor of economics degrees at the University of Western Australia, majoring in political science and international relations, economics, and money and banking. In 2018, Matt won a WA Media Award for business reporting.
Solutions to prevent a potential looming shortage of critical minerals can be found in Rio Tinto’s increasingly high tech operations, particularly in the Pilbara, according to corporate relations vice-president Brad Haynes.
The Water Corporation is refusing to release the details of a review it says backs a decision to insource a major maintenance contract, a move that runs counter to the economic reforms of recent decades.
PODCAST: Mark Beyer and Matt Mckenzie discuss interest rates, volatile stock markets, our very own BN30 stock index, house prices, Mia Davies, flexible offices, lobsters, government contracting, and our special report on professional services.
The emissions reduction policy proposed by the Environmental Protection Authority in March was misaligned with the Paris Agreement, would lead to lower abatements for a given cost, and potentially even send emissions overseas, according to Woodside Petroleum.
A $2.4 billion surge in revenue above forecast levels helped the state government record a $1.3 billion operating surplus in the year to June, but the overall cash position of the budget is still in a deficit of $924 million.
Perth-based health insurer HBF has posted a 53 per cent rise in its net surplus to $93.7 million, while profit at the state government-owned Insurance Commission of WA fell 27 per cent to $203.5 million, despite an improved return on its investments.
Allseas Group has been selected to build a 260 kilometre pipeline linking the Barossa gas field to the Darwin LNG facility, with ConocoPhillips likely to make a final investment decision on the project before March 2020.
Power utility Synergy has taken a $446 million impairment and reported a loss of $656.9 million in the year to June, which the state government-owned business said was driven by higher fixed costs as revenue fell.