Chalice Mining movement stirs up dust, eyes on Hancock
The hot young thing in Australian resources, Chalice Mining, is back on investors’ radars, with movement on its share register prompting all sorts of theories about deep-pocketed strategic players buying in. The Fin
Business Council boss calls time after 12 years at helm
Business Council of Australia boss Jennifer Westacott is heading out the door following 12 years at the helm, with a search under way to find her successor. The Aus
Batteries and hydro to drive AGL transition
AGL is targeting owning up to 7 gigawatts of grid scale batteries and pumped hydro projects to drive its transition away from fossil fuels, which it says will generate more lucrative returns than wind and solar farms and underpin its return to profitability. The Fin
Lithium star says China critical to minerals future
Pilbara Minerals chief executive Dale Henderson says China will be an important buyer of the company’s lithium for a long time and the country’s dominance of battery manufacturing means it is bound to be a part of Australia’s critical minerals future. The Fin
Mirvac bullish amid economic headwinds
Property giant Mirvac is bullish on its prospects despite a gloomy outlook for the national property market and the increased likelihood higher interest rates will depress home buyers. The West
Reform puts affordability test in play
The affordability test for buy now, pay later users should be slashed by more than half, according to Australia’s peak finance body, as the Federal Government continues to grapple with how to regulate the sector. The West
Labor may dump ‘patent box’ tax break
The Albanese government intends to abandon a tax break for medical and biotech patents, a policy designed by the former Coalition government but never legislated. The Fin
State lashed over rock art heritage bid
The Australian archaeologist who first identified the scientific significance and extent of the Burrup Peninsula’s rock art has slammed the West Australian government’s handling of the region ahead of a proposed World Heritage listing for the site. The Aus
Fortescue won’t rule out job cuts to curtail costs
Fortescue Metals Group has declined to rule out a big wave of job cuts as an austerity measure it could deploy, as it prepares to raise its spending on clean energy and mining projects. The Fin
The Australian Financial Review
Page 1: Australia's biggest energy generator AGL has slumped to a half-year loss of more than $1 billion as it accelerates an increasingly tricky shift to renewable energy and after extended outages at its ageing Loy Yang A and Hunter Valley power plants during last winter’s electricity market crisis.
Page 3: The Albanese government intends to abandon a tax break for medical and biotech patents, a policy designed by the former Coalition government but never legislated.
Corporate crusader Jennifer Westacott has called time on her tenure as chief executive of the Business Council of Australia, and will step down in the next 12 to 18 months.
Page 4: The hundreds of millions of dollars that superannuation funds spend on sporting sponsorships and payments to unions will be laid bare for the first time after Labor suffered its first parliamentary defeat in this term of government.
Page 10: Andrew Forrest’s Fortescue Metals Group has come out swinging at work safety authorities after being charged with failing to supply documents relating to 34 cases of alleged sexual harassment on its mine sites.
Page 11: Global investors have snapped up a record $US21 billion ($30 billion) worth of Chinese equities this year, as robust economic data spurs traders to make larger bets that the reopening rally has further to run.
Page 13: AGL is targeting owning up to 7 gigawatts of grid scale batteries and pumped hydro projects to drive its transition away from fossil fuels, which it says will generate more lucrative returns than wind and solar farms and underpin its return to profitability.
Page 14: The hot young thing in Australian resources, Chalice Mining, is back on investors’ radars, with movement on its share register prompting all sorts of theories about deep-pocketed strategic players buying in.
Page 15: Fortescue Metals Group has declined to rule out a big wave of job cuts as an austerity measure it could deploy, as it prepares to raise its spending on clean energy and mining projects.
Page 19: Pilbara Minerals chief executive Dale Henderson says China will be an important buyer of the company’s lithium for a long time and the country’s dominance of battery manufacturing means it is bound to be a part of Australia’s critical minerals future.
The Australian
Page 1: Illiterate students will be described as “developing’’ their reading skills in a politically correct watering down of NAPLAN test reports to remove references to under-performance.
Anthony Albanese has embarked on a major reset of his campaign for an Indigenous voice to parliament to engage the support of the Coalition, promising to provide further detail and use a bipartisan committee to be set up next month to maximise support for the referendum.
Page 4: Labor is facing a parliamentary showdown over its centrepiece manufacturing policy amid pushback from the Greens and teal independents who are demanding a $15bn investment fund is not used to finance fossil-fuel projects.
Commentary on interest rates by senior Albanese government ministers was making the job of fighting inflation and avoiding a recession more difficult, former members of the Reserve Bank board say.
Business Council of Australia boss Jennifer Westacott is heading out the door following 12 years at the helm, with a search under way to find her successor.
Page 6: The bishop of the breakaway Anglican movement, the Diocese of the Southern Cross, says a proposal to introduce gender neutral language by the Church of England is a “vindication” of his church’s split with the Anglican Church.
Page 8: The Australian archaeologist who first identified the scientific significance and extent of the Burrup Peninsula’s rock art has slammed the West Australian government’s handling of the region ahead of a proposed World Heritage listing for the site.
Page 16: A buyout of Newcrest by Newmont may have a way to play out yet, but already there is a guessing game unfolding about what assets could be sold if the two gold miners merge.
The West Australian
Page 6: Beaches along the Swan River where a shark killed a teenage girl have been closed hours after a fisherman reeled in a 3m bull shark at East Fremantle.
Page 10: A former FIFO worker who claimed to be sexually harassed at a Fortescue Metals Group site says she’s not surprised by 34 sex assault reporting charges against Andrew Forrest’s billion-dollar company because it fought to keep her case “hush, hush”.
Page 14: A charity founded by Donna Nelson — who is facing drug smuggling charges in Japan — reported no income or spending in the financial year after she received $1.65 million in taxpayer funding to run a basketball program for at risk youth.
Page 20: Former Liberal minister Alan Tudge will quit politics next week, telling Federal Parliament the decision was cemented after the death of his father over summer.
Page 24: Half a dozen rookie firefighters and instructors practising at the DFES Training Academy — a known contaminated site — reported developing skin rashes, eye infections and respiratory issues after water used as part of drills turned bright green late last year.
Business: The affordability test for buy now, pay later users should be slashed by more than half, according to Australia’s peak finance body, as the Federal Government continues to grapple with how to regulate the sector.
A new beer made with WA-grown malt barley is being rolled out in liquor stores across the State, replacing Eagle Bay Brewing’s core lager offering as it moves to create more “paddock to pint” beers.
Property giant Mirvac is bullish on its prospects despite a gloomy outlook for the national property market and the increased likelihood higher interest rates will depress home buyers.
