Morning Headlines

Gascoyne in administration

Gold miner Gascoyne Resources has called in administrators only a few weeks after raising $24.5 million from shareholders to prop up its Dalgaranga project in Western Australia. The Fin

Banks told: hand over RBA cut

Treasurer Josh Frydenberg has told the bosses of the big four banks that the government expects them to pass on in full any cash rate cut from the Reserve Bank today to help to stimulate the economy from what official figures out tomorrow will likely show is the lowest annual growth since 2009. The Fin

Big miners urged to join FIFO suicide prevention cause

WA’s big mining companies are being urged to join a drive to stop suicide among fly-in, fly-out workers, who are more at risk of mental illness than the rest of the population. The West

Australian aluminium escapes tariffs

Australia’s aluminium exporters have dodged for now a push from elements of the Trump administration to kill off a coveted tariff exemption after shipments from US producer Alcoa surged during the first quarter. The Fin

Live exporter splits with sidelined chief executive

Live exporter Wellard Limited has parted ways with chief executive Mauro Balzarini, some 21 months after he was relieved of responsibility for the day-today running of the company in the fallout of a disastrous start to life on the ASX. The Fin

Victoria Park council may block removal of trees on private property

Property owners could be blocked from cutting down any trees on their land under a local law being considered by a Perth council. The Town of Victoria Park would become the only WA council to protect trees on all private properties if it adopts the measure. The West

Challenge to Australia’s gas dominance

The world’s largest buyer of LNG has warned Australia faces a battle to remain the top global exporter as a raft of rival energy superpowers work to grab market share among Asian buyers. The Aus

Hopes of hitting the bottom as property price falls ease

House price falls in Australia’s capital cities slowed in May, indicating the squeeze on homeowners may ease as new policy measures feed through, according to research firm CoreLogic. The Aus

The Australian Financial Review

Page 1: Treasurer Josh Frydenberg has told the bosses of the big four banks that the government expects them to pass on in full any cash rate cut from the Reserve Bank today to help to stimulate the economy from what official figures out tomorrow will likely show is the lowest annual growth since 2009.

Page 2: The state government and the powerful resources industry in Western Australia are quietly trying to negotiate a joint emissions reduction plan to try to head off radical proposals from WA’s environmental watchdog.

The Australian Taxation Office is set to target taxpayers rorting clothing and laundry deductions in their annual tax returns, questioning a national laundry bill of almost $1.5 billion.

Page 3: Business Council of Australia president Grant King said the electricity sector cannot do all of the heavy lifting to reach the country’s international climate commitments by 2030.

Page 7: Federal Labor’s relationship with the resources sector will be the focus of a new group within caucus that wants to rebuild the party’s relationship with traditional blue-collar voters.

Page 9: Australia’s aluminium exporters have dodged for now a push from elements of the Trump administration to kill off a coveted tariff exemption after shipments from US producer Alcoa surged during the first quarter.

Page 13: The Toll Group has closed an internal investigation into a series of anonymous allegations, including that the company has been accepting low-margin contracts to ‘‘look good’’, declaring the claims are ‘‘completely false.’’

News Corp Australasia chairman Michael Miller has ruled out a long-speculated move by Rupert Murdoch’s media conglomerate to acquire a free-to-air broadcaster in Australia.

Page 14: The $21 billion United States automotive giant Genuine Parts Company, which already owns 400 Repco auto parts stores in Australasia, is eyeing more acquisitions after the full buyout of Australian industrial parts group Inenco.

Gold miner Gascoyne Resources has called in administrators only a few weeks after raising $24.5 million from shareholders to prop up its Dalgaranga project in Western Australia.

Page 16: Live exporter Wellard Limited has parted ways with chief executive Mauro Balzarini, some 21 months after he was relieved of responsibility for the day-today running of the company in the fallout of a disastrous start to life on the ASX.

Page 21: As investment in energy storage continues to grow around the world, Australia’s chief scientist Alan Finkel says a lesser-known technology has the potential to play a significant role in the energy storage market, with Australian companies well positioned to lead the charge.

The Australian

The world’s largest buyer of LNG has warned Australia faces a battle to remain the top global exporter as a raft of rival energy superpowers work to grab market share among Asian buyers.

Global energy giant ExxonMobil could be about to launch a multi-billion-dollar asset sale of Australian oil and gas assets, as it approaches investment banks about options for its Gippsland Basin Joint Venture, estimated to be worth close to $US3 billion ($4.3bn).

House price falls in Australia’s capital cities slowed in May, indicating the squeeze on homeowners may ease as new policy measures feed through, according to research firm CoreLogic.

Australian 5G early adopters will have to be content with a beta version of Telstra’s network and the patchy availability of promised faster speeds.

Hundreds of new members have signed up to join the Liberal Party in the wake of Scott Morrison’s shock election victory.

Oil Search faces volatility and potential delays for a planned LNG expansion in Papua New Guinea, with new Prime Minister James Marape signalling a tougher stance on foreign investment terms in the Pacific nation, analysts say.

The co-founder of one of Australia’s most successful international gold plays has slammed the state of Australia’s junior mining sector, lamenting what he said was a string of “avoidable” failures in the industry. Josef El-Raghy, who helped establish Centamin Egypt out of Perth and now chairs the $1.8 billion company, used his maiden chairman’s address to the annual meeting of cash box Intrepid Mines to criticise the performance of new Australian miners.

Cybersecurity is one of the biggest global issues of the digital century, and Australia is critically short of the talent needed at the frontlines.

The West Australian

WA’s big mining companies are being urged to join a drive to stop suicide among fly-in, fly-out workers, who are more at risk of mental illness than the rest of the population.

Property owners could be blocked from cutting down any trees on their land under a local law being considered by a Perth council. The Town of Victoria Park would become the only WA council to protect trees on all private properties if it adopts the measure.

Community debate over height limits could have a new flashpoint with the McGowan Government refusing to rule out 12 storey towers around the Bayswater and Forrestfield train stations as part of a new rezoning.

Supermarket giants Coles and Aldi will both feature in AMP Capital’s $800m Karrinyup Shopping Centre redevelopment.

Australia's environment laws are "not fit for purpose" and should be changed to consider threats of climate change, Greens senator Sarah Hanson-Young says.

WikiLeaks founder Julian Assange should not be extradited to Sweden for a revived rape investigation, but should still be questioned in the case while he is imprisoned in Britain, a Swedish court has ruled.

Australia's education officials have been asked to ensure the physical safety of international students.