19/11/2021 - 07:01

Morning Headlines

19/11/2021 - 07:01

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Morning Headlines

Rinehart’s Roy Hill in $4.4bn profit

Billionaire Gina Rinehart’s huge Roy Hill iron ore mine has delivered a massive profit due to soaring commodity prices and provided a bumper $5.6bn payday to its shareholders. The Aus

Last-ditch challenge to Woodside LNG project

Woodside Petroleum is facing an 11th-hour legal challenge to its $US12 billion ($16.5 billion) Scarborough LNG project in Western Australia over the ability for the offshore gas field development to proceed without federal environmental assessment. The Fin

Chairmen’s egos ‘main threat’ to nickel merger

Protracted merger talks between diversified miner IGO Ltd and nickel producer Western Areas showed no sign of bearing fruit at their annual meetings yesterday, but stock in both groups firmed as their courtship sailed past its third month. The Fin

Skills surge to plug gaps in economy

The number of Australians taking trade apprenticeships has hit an all-time high as the nation embraces a “once in a generation” opportunity to train up more skilled workers to fill gaps sparked by border closures. The Aus

RBA warns of ‘faddish’ crypto crash

The Reserve Bank of Australia has warned users and investors in fad-fuelled cryptocurrencies such as bitcoin they risk holding speculative assets with ‘‘niche’’ uses that could lose most of their value. The Fin

Senate chaos casts doubt on federal ICAC bill

The government may abandon or delay plans to introduce legislation for a federal anti-corruption commission and instead seek a mandate for its proposed model at the next election, amid fears it has lost control of the Senate due to a backlash against vaccine mandates. The Fin

ARENA handed $33m bio boost

The Morrison government will commit an extra $33 million to the Australian Renewable Energy Agency to kickstart the bioenergy industry as another way for Australia to reduce its carbon emissions. The Fin

Forrest taken to task by Brown

Andrew Forrest’s claim to be “saving the planet” with green hydrogen has been slapped down by veteran conservationist Bob Brown, who accuses the billionaire of funding projects with “enormous” social and environment impacts. The Aus

Seven Group mulls cashing in on booming Coates Hire

It turns out that Seven Group’s holding in Beach Energy is not the only topic up for discussion around the market in connection to the Ryan Stokes-led company – now some are also talking about his intentions for Coates Hire. The Aus

$360m raising rounds out Mardie funding

Australia’s biggest superannuation fund has joined WA entrepreneur Kerry Stokes in backing a $360 million capital raising launched by BCI Minerals as it pushes its Mardie salt and sulphate of potash project in the Pilbara closer to construction. The West

 

 

The Australian Financial Review

Page 1: The Reserve Bank of Australia has warned users and investors in fad-fuelled cryptocurrencies such as bitcoin they risk holding speculative assets with ‘‘niche’’ uses that could lose most of their value.

Page 3: Hotel, airline and cruise operators are discounting heavily to lure customers back, as research indicates Australians want to travel internationally but are confused about what is required of them to leave and re-enter the country.

Page 8: The government may abandon or delay plans to introduce legislation for a federal anti-corruption commission and instead seek a mandate for its proposed model at the next election, amid fears it has lost control of the Senate due to a backlash against vaccine mandates.

Page 11: The Morrison government’s plans to rewrite anti-discrimination laws to better protect religious belief in Australia represent a potential minefield for business, and could lack critical support from the Senate crossbench.

Page 15: The Morrison government will commit an extra $33 million to the Australian Renewable Energy Agency to kickstart the bioenergy industry as another way for Australia to reduce its carbon emissions.

Page 20: Woodside Petroleum is facing an 11th-hour legal challenge to its $US12 billion ($16.5 billion) Scarborough LNG project in Western Australia over the ability for the offshore gas field development to proceed without federal environmental assessment.

Page 25: Protracted merger talks between diversified miner IGO Ltd and nickel producer Western Areas showed no sign of bearing fruit at their annual meetings yesterday, but stock in both groups firmed as their courtship sailed past its third month.

 

 

The Australian

Page 1: The number of Australians taking trade apprenticeships has hit an all-time high as the nation embraces a “once in a generation” opportunity to train up more skilled workers to fill gaps sparked by border closures.

Page 3: A new religious discrimination commissioner tasked with overseeing proposed protections for faith-based groups and individuals would be handed an $11m budget over five years to establish a stand-alone office inside the Australian Human Rights Commission.

Page 5: Andrew Forrest’s claim to be “saving the planet” with green hydrogen has been slapped down by veteran conservationist Bob Brown, who accuses the billionaire of funding projects with “enormous” social and environment impacts.

Page 13: Billionaire Gina Rinehart’s huge Roy Hill iron ore mine has delivered a massive profit due to soaring commodity prices and provided a bumper $5.6bn payday to its shareholders.

Page 14: It turns out that Seven Group’s holding in Beach Energy is not the only topic up for discussion around the market in connection to the Ryan Stokes-led company – now some are also talking about his intentions for Coates Hire.

 

 

The West Australian

Page 3: WA iron ore boss Elizabeth Gaines is set to join the high-powered board of the West Coast Eagles.

Page 4: Perth’s Catholic archbishop has distanced himself from the principal of an independent Catholic college who threatened to shut down his entire school rather than get a COVID-19 jab.

Page 5: Clive Palmer has falsely claimed WA’s hospital crisis is a result of mandatory vaccinations, hours after Mark McGowan urged Scott Morrison against “dog whistling” to anti-vax “urban terrorists”.

Page 14: About 100 patients in the South West have had their elective surgeries cancelled this month because WA can’t get enough trained medical staff.

Page 28: Rupert Murdoch has told Donald Trump he needs to move on from his defeat in last year’s US election and stop focusing “on the past”.

Business: The corporate regulator has suggested that its investigations into other major financial scandals in WA delayed tougher scrutiny of the now-failed Sterling First rent-for-life scheme.

Australia’s white-hot mergers and acquisitions trend has spread to Perth’s consultancy scene, with three local firms snapped up in a matter of months.

Australia’s biggest superannuation fund has joined WA entrepreneur Kerry Stokes in backing a $360 million capital raising launched by BCI Minerals as it pushes its Mardie salt and sulphate of potash project in the Pilbara closer to construction.

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