News Articles for AustralianSuper

Several Australian superannuation funds have been breached in a coordinated cyber incident targeting the $4 billion industry.

The corporate watchdog has sued the trustee Australia's largest superannuation fund over the delay in processing thousands of death benefit claims.

The trustee of Australia's largest superannuation fund has been hit with a $27 million fine for failing to merge multiple member accounts, resulting in duplicate fees.

29Metals has announced plans to raise $180 million, following news of its decision to expand the Gossan Valley mining front at its Golden Grove mine, 250km east of Geraldton.

OPINION: Australia's superannuation sector is the envy of the world, but managing the flood of cash isn't easy.

AustralianSuper was among the big sellers of Mineral Resources shares on Monday, cashing out $48 million worth, following allegations of tax evasion.

The West-Perth based property giant plans to transform the site of the former Kingswood Golf Course into a residential land estate.

The financial services regulator alleges AustralianSuper charged members the same set of fees multiple times and failed to consolidate duplicate accounts.

Genesis Minerals is understood to have locked in a new deal to buy St Barbara's Leonora assets for $600 million while removing risks tied to its earlier merger plan.

Shares in St Barbara and Genesis Minerals have both risen strongly today in a rare example of both parties to a takeover deal gaining from the transaction.

Genesis Minerals boss Raleigh Finlayson has locked in another part of his ambition to consolidate the Leonora region after striking a deal to buy neighbouring gold company St Barbara.

AustralianSuper has asserted greater influence over Kerry Stokes-backed BCI Minerals, which will be required to seek consent from the super fund before appointing a new chief executive.

Wesfarmers boss Rob Scott and FMG founder Andrew Forrest are likely to be the only Perth-based business leaders at next week's jobs summit in Canberra, with Meg O'Neill a conspicuous absentee.

BCI Minerals is set to receive a $175 million cash injection from AustralianSuper and $110 million from major stakeholder Kerry Stokes to get its $1.2 billion potash project up and running.

Qantas will use a $802 million land sale to reduce debt and may yet move its headquarters to the same divested property.

Karl Simich-led Sandfire Resources is set to become one the largest listed copper producers through the $2.6 billion cash acquisition of an operation in Spain.

Pilbara Minerals has launched a $240 million equity raising to fund its acquisition of Altura Mining's Pilgangoora lithium project.

Syrah Resources is raising funds from a $56 million placement and convertible notes deal with major shareholder AustralianSuper to progress its US and Mozambique graphite operations.

Pilbara Minerals has moved closer to gaining control of Altura Mining's key asset after striking a $US175 million agreement with the lithium miner's receivers and managers.

Pilbara Minerals has lodged a $US175 million bid for fellow lithium miner Altura Mining, though Altura is working on its own recapitalisation plan after being put in receivership.

Australia's superannuation industry and its 16 million members watched markets fall and braced for impact as 2020 delivered an unprecedented financial stress test.

The federal government's Foreign Investment Review Board (FIRB) has given the tick of approval to a private consortium's proposed acquisition of global education provider Navitas.

A consortium comprised of private equity firm BGH, AustralianSuper and former Navitas chief executive Rod Jones have agreed to buy the global education provider for $2.3 billion.