News
Westpac CEO Anthony Miller pushes back as Anthony Albanese eyes $4.5 trillion superannuation pool as a national asset for diplomatic and local investment
1+ hour, 32+ min ago (105+ words) Westpac chief tells government to stay out of super AFR Prime Minister Anthony Albanese wants to leverage the country’s sprawling $4.5 trillion superannuation pool as a national asset, but the proposal drew sharp pushback from Westpac chief executive Anthony Miller, who…...
Chalmers puts Chinese rare earths investors in a deep freeze
8+ hour, 12+ min ago (96+ words) AFR Treasurer Jim Chalmers has told rare earths aspirant Northern Minerals to disregard the rights of a group of dissident shareholders, in his latest bid to remove the threat of foreign influence in the ASX-listed company. Chalmers and the Treasury’s…...
Union strike set to cripple Australia’s biggest iron ore port
6+ day, 13+ hour ago (79+ words) AFR Unions have launched industrial action in Western Australia’s Pilbara region, striking at the heart of mining giant BHP and potentially crippling the world’s largest iron ore loading port. The decision follows months of frustration from unions over what they…...
Tribeca-backed Cobre raising $100m to lift stake in flagship copper mine
1+ week, 14+ hour ago (71+ words) AFR Chilean copper player Cobre Limited, capitalised at $319 million on the ASX, was asking fund managers for up to $100 million to lift its stake in the Sierra Atacama mine, a 25,000 tonnes-a-year copper cathode operation. Martin Holland-chaired Cobre may be set…...
Vote gives unions trigger to close BHP’s Port Hedland export hub
1+ week, 1+ day ago (96+ words) AFR Production workers at BHP’s Port Hedland hub in the Pilbara have overwhelmingly endorsed options to strike, setting the mining giant up for a coordinated shutdown of the largest iron ore loading port in the world. About 97 per cent of…...
Queensland quietly stops reporting key emissions data
1+ week, 1+ day ago (71+ words) AFR An annual sustainability analysis is among a series of climate reports the Queensland government has quietly scrapped, in a move experts say makes it difficult to get a full picture of the state’s energy transition. Queensland Treasury’s annual sustainability…...
Dinner with Xi and duels with Stokes: how Colin Barnett led the mining state
1+ week, 4+ day ago (111+ words) AFR The former premier gained a unique perspective on Beijing and Western Australia’s richest people during his eight years in charge. Former West Australian Premier Colin Barnett recalls Chinese President Xi Jinping calling him a “shark killer”. Trevor Collens In…...
BHP scores win in Pilbara fight with unions
1+ week, 4+ day ago (90+ words) AFR BHP has secured a four-year non-union agreement for two major iron mines in the Pilbara after a narrow majority of its workforce sided with the company’s offer against unions’ opposition. About 58 per cent of BHP’s Mining Area C and…...
Secret backer in Wright family feud appeals millions in court fees
1+ week, 5+ day ago (99+ words) AFR The long-running battle between iron-ore heir Julian Wright and his estranged family over their multibillion-dollar fortune is set to continue after one of his secret backers challenged a ruling over millions in court fees. Cottesloe-based solicitor Ian McGregor Thom…...
Queensland to review clean-up fees for small mining explorers
2+ week, 1+ day ago (67+ words) AFR The Crisafulli government will review how it charges mining companies for rehabilitation risks after the resources industry complained that Queensland’s existing scheme put a disproportionate burden on smaller explorers. In a post-budget speech on Monday, Queensland Treasurer David Janetzki…...