13/04/2021 - 06:59

Morning Headlines

13/04/2021 - 06:59

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Regis Resources wins Tropicana auction, gets big raising ready

Morning Headlines

Regis Resources wins Tropicana auction, gets big raising ready

ASX-listed gold miner Regis Resources is set to acquire IGO’s stake in the Tropicana gold mine in Western Australia. The Fin

Golden handcuffs worth $6m take Santos CEO out of Woodside race

Santos chief executive Kevin Gallagher is out of the running for the Woodside Petroleum CEO role, signing on to a controversial $6 million incentive payment that will tie him to the Adelaide oil and gas producer until the end of 2025. The Fin

Holidays at home boost economy

New Treasury analysis shows the economy grew by $7.5 billion in the December quarter alone due to people holidaying at home and spending their money here rather than abroad, as the government said the vaccine setback should not damage its budget projections. The Fin

Registrar ‘failed to save caves’

The traditional owners of Juukan Gorge have accused Western Australia’s Aboriginal sacred sites registrar of grossly misrepresenting what was known about the significance of the rock shelters before they were blown up by Rio Tinto. The Aus

Crown inquiry may spark laws reset

The Crown Resorts royal commission in Western Australia could spark an overhaul of the state’s gambling laws if its investigation finds the regulator failed to properly scrutinise and prevent criminal activity at Crown’s Perth casino, says the inquiry head, former Supreme Court judge Neville Owen. The Fin

Why the ACCC isn’t done with big tech yet

Fresh from his victory over Google and Facebook through the news media bargaining code, consumer watchdog Rod Sims now seeks broader regulatory powers to put an end to other controversial big tech shake-downs, such as Google holding small businesses to ‘‘ransom’’ through its advertising practices, and Facebook profiting from scam advertisements. The Fin

Many to wait six months or more

More than half of West Australians with concerns about the AstraZeneca vaccine are willing to wait six months or more to receive a different jab, according to a new poll.

China has admitted its COVID vaccines do not work well — which could slow the world’s battle against the virus. The West

Why rare cyclone rainfall is a ‘game changer’ for some growers

Widespread rain across nearly all of the State’s farming regions has set WA grain growers up for their best start to the season in more than a decade — once the clean-up effort is complete. The West

Limited energy role for gas

Gas will not have a bigger role in Australia’s energy system going forward, according to modelling by a major think tank. The West

 

 

The Australian Financial Review

Page 1: New Treasury analysis shows the economy grew by $7.5 billion in the December quarter alone due to people holidaying at home and spending their money here rather than abroad, as the government said the vaccine setback should not damage its budget projections.

Santos chief executive Kevin Gallagher is out of the running for the Woodside Petroleum CEO role, signing on to a controversial $6 million incentive payment that will tie him to the Adelaide oil and gas producer until the end of 2025.

Page 3: A struggling Queensland wind and solar farm owned by Australia’s second-richest person, Andrew Forrest, would be a beneficiary of a 1100-kilometre power line that balance-of-power MP Bob Katter is asking the federal government to underwrite.

Page 4: The rollout of Australia’s second batch of 20 million COVID-19 vaccine doses ordered from manufacturer Pfizer could be used to help address emerging variants of the virus.

Page 6: Menulog will trial employing its delivery riders on minimum wages and entitlements in a landmark pilot that will test whether requiring riders to work exclusive shifts could reduce the size of its workforce.

The Crown Resorts royal commission in Western Australia could spark an overhaul of the state’s gambling laws if its investigation finds the regulator failed to properly scrutinise and prevent criminal activity at Crown’s Perth casino, says the inquiry head, former Supreme Court judge Neville Owen.

Page 11: Lex Greensill’s Australian parent company owes $US930.5 million ($1.2 billion) to creditors, including $US2.3 million to former employees, more than double the $US340.3 million administrators say is owed to the company.

Australia’s eighth-largest wine group, De Bortoli Wines, lobbed a last-minute buyout offer to KPMG, the administrators of McWilliam’s Wines, which it claims was higher than the one that was accepted and led to the carve-up of the company into two parts.

Page 12: ASX-listed gold miner Regis Resources is set to acquire IGO’s stake in the Tropicana gold mine in Western Australia.

Page 14: French waste management giants Veolia and Suez have finally agreed on a global merger deal after months of bickering and legal fights, which means that ASX-listed Cleanaway’s plan to acquire Suez Australia’s business for $2.5 billion is now off the table.

Page 15: Lenders have accused BHP and Vale’s infamous Samarco iron ore business of failing to engage meaningfully with them on a debt restructure before last week’s attempt to put Samarco into bankruptcy protection.

Page 17: Fresh from his victory over Google and Facebook through the news media bargaining code, consumer watchdog Rod Sims now seeks broader regulatory powers to put an end to other controversial big tech shake-downs, such as Google holding small businesses to ‘‘ransom’’ through its advertising practices, and Facebook profiting from scam advertisements.

 

 

 

The Australian

Page 1: Scott Morrison’s department has created a senior position to coordinate the government’s climate strategy and provide advice about emissions reductions, raising expectations within Coalition ranks that the Prime Minister will endorse a target of net-zero by 2050 within months.

National job vacancies are at a 12-year high even though the number of people on JobSeeker is 500,000 more than before the arrival of COVID-19.

Page 4: COVID-19 has been a revenue bonanza for companies that helped to save lives, propped up government services or clipped tickets along Josh Frydenberg’s emergency ramp to recovery.

Page 5: The traditional owners of Juukan Gorge have accused Western Australia’s Aboriginal sacred sites registrar of grossly misrepresenting what was known about the significance of the rock shelters before they were blown up by Rio Tinto.

Two of China’s biggest payment providers, which are also used by thousands in Australia to make payments, are able to bypass local anti-money laundering rules — so the transfer of funds is largely undetected.

The postal service has appointed Woolworths’ supply chain boss Paul Graham as its next chief executive after a global search estimated to have cost $500,000.

Page 15: Qantas is holding firm on its planned return to regular international services on October 31 despite the Prime Minister’s admission the majority of Australians will not be vaccinated against COVID-19 until next year.

Telcos, satellite firms and communication providers are preparing to battle it out in a land grab for a slice of Australia’s fastest 5G spectrum.

 

 

The West Australian

Page 3: Scott Morrison will arrive in WA tonight, spending the week in WA and possibly visiting towns ravaged by cyclone Seroja.

Page 5: Mid West exporters face an uneasy wait to learn when port operations will resume as authorities assess the damage left in the wake of cyclone Seroja.

Page 9: Widespread rain across nearly all of the State’s farming regions has set WA grain growers up for their best start to the season in more than a decade — once the clean-up effort is complete.

Page 10: More than half of West Australians with concerns about the AstraZeneca vaccine are willing to wait six months or more to receive a different jab, according to a new poll.

China has admitted its COVID vaccines do not work well — which could slow the world’s battle against the virus.

Business: A helicopter search and rescue company that services WA’s resources sector has created a new cadetship program to attract applicants to the high-pressure job.

Bitcoin neared an all-time high yesterday after a record run for stocks and ahead of a listing by the largest US cryptocurrency exchange.

Gas will not have a bigger role in Australia’s energy system going forward, according to modelling by a major think tank.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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