04/12/2015 - 06:52

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04/12/2015 - 06:52

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Ore delay leaves Rinehart red-faced

The nation’s richest person, Gina Rinehart, has suffered an embarrassing delay at her majority-owned Roy Hill mine, forcing the cancellation of a low-key celebration on Friday planned for the first shipment of ore from the $10 billion project. The Fin

Macquarie may help carve up Asciano

Canadian-Bermuda investor Brookfield Infrastructure Partners may bring in Macquarie Group as a co-investor to get around concerns by the competition regulator that its $9 billion takeover of Asciano would give it too much power over Australia’s logistics infrastructure. The Fin

Nufarm reaping rewards of change

Australian global agricultural company Nufarm is confident it is back on track to deliver improved earnings for shareholders, with a renewed focus on debt control, manufacturing rationalisation, product development and profitable growth in selected markets. The Aus

Barnett predicts 200 hospital jobs will go

Colin Barnett has finally put a probable number on job losses in the public hospital system. The Premier said about 200 full-time jobs would go, well short of the 1500 speculated by the Opposition and Australian Medical Association. The West

Perth Stadium build reaches highest point

Part of the new Perth Stadium has reached its maximum 42m height, with the first of 50 roof trusses installed. A year after work began with concrete piling, the stadium is 33 per cent complete and running about four months ahead of schedule. The West

Hunt for gold under city heart

The private syndicate believed to have made a new gold discovery under Kalgoorlie-Boulder’s famous Hannan Street will receive State Government funding to resume drilling. The West

 

 

The Australian Financial Review

Page 1: The Nationals will demand a greater influence inside the federal government, including an extra minister, following the defection to its ranks of disgruntled former industry minister Ian Macfarlane and the possibility of another Liberal following.

Page 3: The nation’s richest person, Gina Rinehart, has suffered an embarrassing delay at her majority-owned Roy Hill mine, forcing the cancellation of a low-key celebration on Friday planned for the first shipment of ore from the $10 billion project.

Australian defence officials have been holding ‘‘emergency talks’’ with their American counterparts to overcome security concerns surrounding the Port of Darwin sale and Canberra’s reluctance to stand up to Beijing over territorial disputes in the South China Sea.

Page 5: The amount of tax paid by companies linked to some of Australia’s wealthiest families will be exposed publicly, after the Turnbull government struck a deal with the Greens in the Senate.

Page 6: Former Labor foreign minister Bob Carr said the Turnbull government was right to block the sale of Australia’s biggest cattle station to Chinese investors, putting him at odds with his old colleagues in Canberra.

Page 13: Canadian-Bermuda investor Brookfield Infrastructure Partners may bring in Macquarie Group as a co-investor to get around concerns by the competition regulator that its $9 billion takeover of Asciano would give it too much power over Australia’s logistics infrastructure.

Page 15: Campbell Stott, general manager of WoolworthsDan Murphy’s liquor superstore business, said sales of major brands such as Campari and Pimm’s have almost doubled in the past two years and the retailer has set up specialist ‘‘cocktail bays’’ in its stores over the past few weeks as demand continued to soar.

Page 23: Oil giant Royal Dutch Shell has won approval from the Foreign Investment Review Board for its $US70 billion ($95 billion) takeover of BG Group but only with a condition attached over taxation arrangements amid heightened concerns about the local taxation of foreign-owned corporations.

 

 

The Australian

Page 1: Malcolm Turnbull faces a New Year ministerial reshuffle after the shock switch from the Liberal Party to the Nationals of former cabinet minister Ian Macfarlane and the threat of at least one other defection to the junior Coalition partner.

Page 4: The Excellence in Research for Australia report confirms Australia is a world leader in health and medical research, but also says it has strengths across 43 research fields including astronomy and space sciences, engineering, soil science and historical studies.

Page 7: Being a member of the public sector union has cost low-paid workers nearly 6 per cent of their base salary — $2634 over two years — putting them out of pocket going into the Christmas holiday season.

Page 19: An Australian stem cell company has pulled off one of the country’s biggest research licensing deals, turning a $21 million local operation into a newly created US-based $100m outfit to progress “game-changing” treatment for cancer patients using umbilical cord blood.

The Coalition government discussed an historic overhaul of the nation’s media laws and the need to protect regional news in the partyroom this week, while Communications Minister Mitch Fifield has highlighted his determination to slash outdated regulation.

Page 20: Australian global agricultural company Nufarm is confident it is back on track to deliver improved earnings for shareholders, with a renewed focus on debt control, manufacturing rationalisation, product development and profitable growth in selected markets.

Former Atlas Iron managing director Ken Brinsden will join lithium upstart Pilbara Minerals, the one-time penny stock that has rocketed into a $220 million speculator’s favourite following its Pilgangoora discovery in WA.

Page 28: The aviation regulator came under renewed attack this week as members of regional airspace councils revealed they had written to Deputy Prime Minister Warren Truss to express their anger at the lack of consultation by the authority’s Office of Airspace Review.

 

 

The West Australian

Page 3: Perth MP Eleni Evangel and the City of Perth will today look at ways to deal with the city’s begging problem, including banning it.

Page 11: A controversial ad campaign to promote the Federal Government’s Intergenerational Report, featuring science guru Dr Karl Kruszelnicki, cost $28.2 million.

Page 12: Colin Barnett has finally put a probable number on job losses in the public hospital system. The Premier said about 200 full-time jobs would go, well short of the 1500 speculated by the Opposition and Australian Medical Association.

Page 28: Part of the new Perth Stadium has reached its maximum 42m height, with the first of 50 roof trusses installed. A year after work began with concrete piling, the stadium is 33 per cent complete and running about four months ahead of schedule.

Page 30: Uncertainty over who will pay for a $26 million pool on Scarborough beach has not stopped plans for it rolling forward, with a revamped design to include a mezzanine level for cafes, restaurants and bars and a separate heated “leisure pool”.

Page 33: A program that delivers up to $9000 to unemployed people to move interstate for work has relocated just 60 people to WA in its first 18 months of operation.

Business: Engineering firm Clough’s outgoing boss Kevin Gallagher says contracting companies dependent on local content policies will struggle to get by in new markets.

The Federal Government’s long awaited laws regulating crowdfunding have received a mixed response from industry and venture capital firms, with some questioning their reach.

The private syndicate believed to have made a new gold discovery under Kalgoorlie-Boulder’s famous Hannan Street will receive State Government funding to resume drilling.

The stream of tech companies jumping through the backdoor keeps rolling on, with tech entrepreneur and former Amcom chairman Tony Grist backing 3D printing play Robo3D.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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