05/08/2019 - 07:03

Morning Headlines

05/08/2019 - 07:03

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Morning Headlines

Rio laments ‘lost decade in exploration’

Rio Tinto has blamed consolidation in the mining sector for a steep decline in greenfield discoveries as it flags a steady build up of its much-hyped Winu copper-gold find in Western Australia. The Fin

Low prices take gloss off Chevron’s WA LNG

The wide gap that has emerged this year between depressed LNG spot prices and contract tariffs has taken a toll on Chevron in the June quarter, with the effect magnified by ‘‘excellent’’ performance at the US major’s huge Gorgon and Wheatstone projects in Western Australia, which resulted in surplus cargoes. The Fin

Miners, low rates to rescue market from banks, industrials

Explosive earnings growth from the resources sector will paper over a woeful performance from industrial stocks and banks when the 2018-19 results season begins tomorrow, which is on track to be the weakest in three years. The Fin

Privacy chief to protect data

West Australians will be able to fight back against faceless bureaucrats misusing their personal data, with the McGowan Government set to introduce a privacy commissioner. The West

US pushes for Darwin missile base

American officials have raised the prospect of missiles being deployed to northern Australia to deter China, after US Secretary of State Mike Pompeo declared the bond between Australia and the US ‘‘unbreakable’’. The Fin

Growers profit as meat prices surge

Grain growers are set to benefit from surging prices for sheep and cattle as demand for grain as animal feed was expected to underpin the October harvest. The Fin

Miners told to resist hedging amid gold high

Australian gold miners are being urged to resist the temptation to lock record gold prices into hedging agreements, with one of the world’s biggest gold investors saying the price rally is just getting started and hedging will blunt exposure to it.

Job snobs ‘leave bosses in the lurch’

Jobseekers are actively snubbing work opportunities, with thousands of Australian businesses saying they are struggling to recruit new staff, forcing them to extend hours for existing employees and putting profits and services at risk. The Aus

Campaign starts to slash stifling rules & regulations

From spending millions of ratepayer dollars on renewable energy to policing what people eat, council red tape is strangling business and infuriating ratepayers. The West

 

 

The Australian Financial Review

Page 1: American officials have raised the prospect of missiles being deployed to northern Australia to deter China, after US Secretary of State Mike Pompeo declared the bond between Australia and the US ‘‘unbreakable’’.

Explosive earnings growth from the resources sector will paper over a woeful performance from industrial stocks and banks when the 2018-19 results season begins tomorrow, which is on track to be the weakest in three years.

Page 3: The Reserve Bank of Australia is being urged to keep the cash rate on hold at a record low 1 per cent at Tuesday’s meeting after two cuts in as many months to resurrect growth and avert a rise in joblessness.

Page 4: Scott Morrison’s hand-picked red tape reduction boss will adopt a forensic sector-by-sector approach to removing unnecessary regulation, targeting industries that will deliver the greatest gains in investment and job creation.

Page 7: Grain growers are set to benefit from surging prices for sheep and cattle as demand for grain as animal feed was expected to underpin the October harvest.

Page 12: States are dragging their feet on Gonski teaching reforms designed to ensure that the extra $22 billion in school funding over the next decade will reverse the slide in student literacy and numeracy scores.

The regulator of training organisations says the $22 billion NDIS has given some providers an opportunity to "mislead job seekers" by selling them qualifications they don't actually need.

Page 13: Australian gold miners are being urged to resist the temptation to lock record gold prices into hedging agreements, with one of the world’s biggest gold investors saying the price rally is just getting started and hedging will blunt exposure to it.

Page 16: Rio Tinto has blamed consolidation in the mining sector for a steep decline in greenfield discoveries as it flags a steady build up of its much-hyped Winu copper-gold find in Western Australia.

Page 18: The wide gap that has emerged this year between depressed LNG spot prices and contract tariffs has taken a toll on Chevron in the June quarter, with the effect magnified by ‘‘excellent’’ performance at the US major’s huge Gorgon and Wheatstone projects in Western Australia, which resulted in surplus cargoes.

 

 

The Australian

Page 1: Jobseekers are actively snubbing work opportunities, with thousands of Australian businesses saying they are struggling to recruit new staff, forcing them to extend hours for existing employees and putting profits and services at risk.

Page 2: Major delays to mining projects including Adani’s Carmichael mine will be the target of a new Productivity Commission review of red and green tape in Australia’s resources sector.

Minerals Council of Australia chief executive Tania Constable has welcomed the federal government’s inquiry into nuclear energy while calling-out a fourdecade-long “scare campaign” against the world’s “safest form” of power generation.

Page 3: Women can delay the menopause for up to 20 years in a medical breakthrough being offered by the fertility expert who pioneered IVF.

Page 7: A gunman opened fire yesterday in an El Paso, Texas, shopping area packed with as many as 3000 people during the busy back-to-school season, leaving 20 dead and more than two dozen injured.

Page 17: Gold is worth $2100 an ounce, and Western Australia’s newest greenfield gold mine is entering the final stages of commissioning as Australia’s mining industry is gathering in Kalgoorlie — what a time to be miner.

In the wake of the US Federal Reserve’s first rate cut in a decade, Australia’s Reserve Bank is widely tipped to hold rates steady when it meets this week.

Page 19: Cautious outlooks from residential developer AVJennings and South African-owned department store David Jones on their sectors could weigh on landlords exposed to the slow areas of the economy as they hit the reporting season this month.

Page 23: Bauer Media is considering closing its up-market women’s magazines, Elle and Harper’s Bazaar, which could be the first big move by new local boss Brendon Hill.

 

 

The West Australian

Page 5: Coastal erosion is putting businesses, homes and WA’s “way of life” at risk and needs urgent attention by governments, a report will reveal today.

Page 7: From spending millions of ratepayer dollars on renewable energy to policing what people eat, council red tape is strangling business and infuriating ratepayers.

Page 10: The God of Thunder has struck the west, with cheaper community flights and the powerful “Hemsworth effect” triggering a big boost in tourism numbers.

Page 14: West Australians will be able to fight back against faceless bureaucrats misusing their personal data, with the McGowan Government set to introduce a privacy commissioner.

Page 16: Mining projects could get faster and simpler approval — creating more jobs — as a result of a Productivity Commission review to be announced today.

The Morrison Government has cancelled or suspended 10 dodgy childcare services in the first three months of this year for rorting taxpayer subsidies.

Page 19: A meningococcal B vaccine could be added to the free immunisation program in Australia if there is new evidence to show it is effective.

Business: WA’s embattled potato growers plan to work together to drive a sevenfold increase in potato exports within five years.

Gold Road Resources boss Duncan Gibbs cheekily suggests it was a well-planned strategy to bring Gruyere, the world’s newest major gold mine, into production at a time of record Australian dollar prices for the precious metal.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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