24/11/2021 - 06:45

Morning Headlines

24/11/2021 - 06:45

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Morning Headlines

Atlas maps out iron-clad profit for a third year

Atlas Iron has delivered billionaire Gina Rinehart almost $1.5bn in profits in only three years, since she beat fellow mining magnates Andrew Forrest and Chris Ellison to acquire the junior miner for $427m. The Aus

Plans in place for no-vax FIFOs

Some of WA’s biggest resources employers are preparing to fly unvaccinated workers home from site while others have already stopped sending unjabbed workers on their swings ahead of a State Government-imposed deadline on December 1. The West

Open borders ‘won’t solve skills shortages’

Monadelphous chief executive Rob Velletri has warned that labour shortages will continue ‘‘for some time’’ as he acknowledged that the engineering group’s profit margins are being hurt by skills shortages. The Fin

Labor: Gas project fits green plans

The Coalition and Labor have backed Woodside’s merger with BHP Petroleum and its decision to develop the Scarborough gas field off Western Australia as environmental groups claimed they would turn the project into the ‘‘new Adani’’ ahead of the federal election. The Fin

Deloitte to offer working from overseas

Deloitte staff wanting to have an extended trip overseas will be able to work remotely for the Australian firm from countries likely to include Britain, Singapore and India from next year. The Fin

Forrest defends bid to axe diesel rebate

Mining billionaire Andrew Forrest has signalled he will continue to push for the wind down of the diesel fuel rebate, despite criticism of the proposal from major industry groups and even some Fortescue shareholders. The Aus

Senate shoots down Bragg’s ABC complaints inquiry

A federal government-backed inquiry into the complaints-handling processes at the ABC and SBS has been rejected by the Senate. Aus

Housing policy ‘has put 320,000 in new homes’

The Morrison government claims to have put more than 300,000 adult Australians into new homes since the outbreak of the pandemic under its signature housing policies – with the demand for government grants having outstripped Treasury’s forecasts by more than 400 per cent. The Aus

Booming Canadian gold companies plan rush on Australian miners

The rumblings about mergers and acquisitions activity in the gold mining sector just do not seem to be going away and now some believe the Canadians will have a part to play. The Aus

WA to face contest on hydrogen, says CME

Building a successful hydrogen industry in WA should not be taken for granted because several of the State’s advantages are not unique, a new WA Chamber of Minerals and Energy report states. The West

 

 

The Australian Financial Review

Page 1: The Coalition and Labor have backed Woodside’s merger with BHP Petroleum and its decision to develop the Scarborough gas field off Western Australia as environmental groups claimed they would turn the project into the ‘‘new Adani’’ ahead of the federal election.

Page 3: Deloitte staff wanting to have an extended trip overseas will be able to work remotely for the Australian firm from countries likely to include Britain, Singapore and India from next year.

Page 10: Defence Minister Peter Dutton has ramped up a rhetorical rift between the government and opposition over China policy and the US alliance, painting Opposition Leader Anthony Albanese and foreign affairs spokeswoman Penny Wong as weak on national security.

Page 15: The company protecting Commonwealth Bank from crypto risks has a message for Australian regulators struggling with the emerging area: it is not the terrifying, lawless, opaque landscape you are imagining.

Woodside Petroleum chief Meg O’Neill says the $16.5 billion Scarborough LNG project and the $41 billion merger with BHP Petroleum will set up the company to deliver lower carbon and low-cost energy for decades to come.

Page 18: Monadelphous chief executive Rob Velletri has warned that labour shortages will continue ‘‘for some time’’ as he acknowledged that the engineering group’s profit margins are being hurt by skills shortages.

Page 20: Car buyers are spending more time researching and are more willing to buy a car online than before the COVID-19 pandemic, research from automotive classifieds business Carsales suggests.

 

 

The Australian

Page 1: Australian and South Korean officials are working on plans for an official visit by President Moon Jae-in to Australia before the end of the year, as the nation moves to strengthen strategic and economic ties with its fourth-largest trading partner.

Attorney-General Michaelia Cash says a proposed religious discrimination act will not be used as a weapon against gay teachers and students, declaring that no child should be “suspended or expelled from school on the basis of their sexuality or gender identity”.

Page 4: A federal government-backed inquiry into the complaints-handling processes at the ABC and SBS has been rejected by the Senate.

The Morrison government claims to have put more than 300,000 adult Australians into new homes since the outbreak of the pandemic under its signature housing policies – with the demand for government grants having outstripped Treasury’s forecasts by more than 400 per cent.

Page 15: The nation’s corporate regulator is expected to impose tighter controls on the ASX and open it to further competition in the wake of last year’s trading outage – and is considering imposing a fine for a breach of market conditions.

Mining billionaire Andrew Forrest has signalled he will continue to push for the wind down of the diesel fuel rebate, despite criticism of the proposal from major industry groups and even some Fortescue shareholders.

Page 16: The rumblings about mergers and acquisitions activity in the gold mining sector just do not seem to be going away and now some believe the Canadians will have a part to play.

Page 18: Atlas Iron has delivered billionaire Gina Rinehart almost $1.5bn in profits in only three years, since she beat fellow mining magnates Andrew Forrest and Chris Ellison to acquire the junior miner for $427m.

 

 

The West Australian

Page 4: Unvaccinated State politicians have been given a deadline to get the COVID jab or face being banned from Parliament House during a lockdown.

Page 10: Labor leader Anthony Albanese says tackling the scourge of domestic violence will be one of his top priorities if elected prime minister at the next election.

Page 11: WA is in the midst of its biggest ever luxury home boom, with more $3 million-plus homes selling this year than ever before.

Page 16: It has become an even more popular destination since climbing Uluru was banned, but police have now called for Mt Augustus in WA’s Gascoyne to be closed to hikers for at least half the year after four deaths in the past two years.

Business: Some of WA’s biggest resources employers are preparing to fly unvaccinated workers home from site while others have already stopped sending unjabbed workers on their swings ahead of a State Government-imposed deadline on December 1.

Former WA premier Brian Burke is fighting allegations he ripped out more than $100,000 of trust funds linked to his bankrupt son’s former South Guildford development.

Pindan’s Singaporean parent is offering to pay 110 staff abandoned when it walked away from the WA-based builder in May.

Building a successful hydrogen industry in WA should not be taken for granted because several of the State’s advantages are not unique, a new WA Chamber of Minerals and Energy report states.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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