Lynas to produce more rare earths sooner
Lynas says soaring demand for rare earth elements has convinced it to spend $500 million on an accelerated growth plan for its Mt Weld mine in Western Australia. The Fin
ASX announces further delay to clearing system
The Australian Securities and Investment Commission and the Reserve Bank of Australia have labelled as ‘‘disappointing’’ news from ASX Limited chief executive Helen Lofthouse of fresh delays to the long-awaited CHESS replacement project. The Fin
Miners cop a warning to ‘step up’ on culture
Mines Minister Bill Johnston has told the resources industry to “step up” and meet existing legal obligations to its workers as he hinted the State Government could introduce reforms to address issues raised in a landmark report on the toxic culture on fly-in, fly-out sites. The West
Leaders push for smoother delivery of skills
Wesfarmers boss Rob Scott, one of WA’s top chief executives, has thrown his support behind a push for the State Government to create a local skills and employment authority to ensure the local economy doesn’t continue its “boom and bust” routine. The West
MPs urged to get second phones amid TikTok fears
Members of parliament and their staffers are being advised to have two phones, to keep government work and private messaging away from any device that has social media apps. The Fin
EV boom powers BHP Nickel search spend
BHP Nickel West’s exploration spending this year will hit its highest level since 2005 as it moves to capitalise on the soaring demand for electric vehicles. The Fin
Super fund dumps Woodside, Santos
NGS Super has become the first superannuation fund to dump its holdings in Woodside and Santos, and chief investment officer Ben Squires predicts other funds will need to divest from oil and gas to make good on their climate ambitions. The Fin
Call to beef up military presence in the Pilbara
Western Australia will urge Canberra to dramatically beef up the military presence in the state’s Pilbara region, amid fears some of the nation’s most valuable industries are chronically under- defended. The Aus
Lithium players unite for spot price index
Two lithium company bosses have called for a spot price index for the battery metal in its concentrate form to boost transparency, trust and investor confidence. The West
The Australian Financial Review
Page 1: A furious China blasted US House of Representatives Speaker Nancy Pelosi’s visit to Taiwan as a ‘‘complete farce’’ yesterday as the self-governing island braced for days of live-fire war games on its doorstep.
Page 3: Members of parliament and their staffers are being advised to have two phones, to keep government work and private messaging away from any device that has social media apps.
Page 4: The medium-term productivity assumptions underpinning the federal budget forecasts have been downgraded from 1.5 per cent to 1.2 per cent, worsening the budget deficit by billions of dollars and potentially adding about $50 billion to the government debt by 2033.
Page 8: NGS Super has become the first superannuation fund to dump its holdings in Woodside and Santos, and chief investment officer Ben Squires predicts other funds will need to divest from oil and gas to make good on their climate ambitions.
Page 13: The Australian Securities and Investment Commission and the Reserve Bank of Australia have labelled as ‘‘disappointing’’ news from ASX Limited chief executive Helen Lofthouse of fresh delays to the long-awaited CHESS replacement project.
Extending the Australian Domestic Gas Security Mechanism provides an excuse for Victoria and NSW to ‘‘go slow’’ on securing their own gas supplies, while potentially risking the energy security of important overseas investment partners, Santos’ GLNG venture has warned.
Page 15: BHP Nickel West’s exploration spending this year will hit its highest level since 2005 as it moves to capitalise on the soaring demand for electric vehicles.
Chemicals and mining explosives company Orica has bought a technology company for $260 million to help its customers better locate critical minerals and dig deeper to unearth them, a move that will increase its exposure to companies extracting metals crucial to decarbonisation.
Page 17: The increasing popularity of robotic vacuum cleaners has helped retail chain Godfreys post a small rise in annual revenue in 2021-22 even though its store network has shrunk since the business changed hands in mid-2018.
Page 19: Lynas says soaring demand for rare earth elements has convinced it to spend $500 million on an accelerated growth plan for its Mt Weld mine in Western Australia.
Telstra will shut down more than 160 contentious mobile infrastructure sites after the competition watchdog raised concerns the sites were registered to disrupt and prevent the rollout of 5G services by rival telco Optus.
The Australian
Page 1: Anthony Albanese has declared an end to the “climate wars” is within sight after striking a deal with the Greens and teal independents to push the government’s 43 per cent medium-term emissions reduction target through parliament.
Page 2: Australia’s new army chief says he will increase military exchanges and expand bilateral defence exercises with Indonesia to include regional partners and allies in more sophisticated war games, as the Asia-Pacific region confronts a heightened risk of conflict.
Western Australia will urge Canberra to dramatically beef up the military presence in the state’s Pilbara region, amid fears some of the nation’s most valuable industries are chronically under- defended.
Page 6: The Australian Workers Union will target major national employers under a bargaining strategy designed to deliver uniform increases in pay and conditions across the Australia-wide operations of big companies.
Page 7: Lower-income households have borne the brunt of surging inflation over the past year, but the sharp rise in mortgage costs starting from May will hit middle and higher-earning Australians harder over coming quarters.
Page 13: Australian banks are on track for solid earnings this reporting season but the outlook is more important than ever in a rapidly changing macroeconomic backdrop, according to analysts.
Page 14: Commercial explosives maker Orica is believed to be building a war chest for mergers and acquisitions after its move to raise $650m on Monday.
Page 15: Many of the 1355 graduates who joined Deloitte this year will see wages starting at $61,000, a figure the professional services firm has revealed after opening up its pay black box.
The West Australian
Page 3: The Moderna vaccine for COVID will be made available to some children aged six months to five years, the Federal Government announced on Wednesday.
Page 7: There were 20 suicide attempts at Banksia Hill Detention Centre in the first half of the year as more than 4000 shifts went unfilled at WA’s only juvenile prison.
Page 14: The Australian Electoral Commission’s partnership with online platforms during the 2022 Federal election campaign resulted in less false information being bandied about.
Prime Minister Anthony Albanese has called a National Cabinet meeting to discuss COVID-19, foot-and-mouth disease and cost-of-living pressures.
Page 16: The Bureau of Infrastructure and Transport Research Economics has revealed the popular far north tourist town experienced the lowest percentage of on-time arrivals and departures in June, with just 30 per cent of flights to Perth leaving within 15 minutes of their scheduled departure.
Business: Mines Minister Bill Johnston has told the resources industry to “step up” and meet existing legal obligations to its workers as he hinted the State Government could introduce reforms to address issues raised in a landmark report on the toxic culture on fly-in, fly-out sites.
Two lithium company bosses have called for a spot price index for the battery metal in its concentrate form to boost transparency, trust and investor confidence.
The family of late Pilbara prospector Don Rhodes is backing Gina Rinehart in Hancock Prospecting’s fight against allegations she fraudulently took Hope Downs tenements away from her children in the 1990s.
Wesfarmers boss Rob Scott, one of WA’s top chief executives, has thrown his support behind a push for the State Government to create a local skills and employment authority to ensure the local economy doesn’t continue its “boom and bust” routine.
