Arrium buyer reveals $1b spend on steelworks
The British buyers of the Arrium assets including the Whyalla steelworks intend to spend about $1 billion on the steel plant and associated infrastructure, including a power plant capable of feeding extra electricity into the South Australian grid. The Fin
Resources export boom runs out of puff
A sharp jump in export earnings from resources and commodities in 2016-17 is set to be abruptly stopped in its tracks as sliding commodities prices wipe out the impact of surging shipments of LNG. The Fin
Iron ore dive hits revenue expectations
The latest sharp plunge in iron ore prices has prompted the nation’s official forecaster to cut its expectations for Australian resources exports, in a dent to government hopes for a mining-fuelled boost to coffers. The Aus
Prices slashed in airfare war
Increasing airline capacity and a weak economy are forcing airlines into a major fare war to fill empty seats on international and domestic routes. The West
Global bull market still charging ahead
The eight-year global bull market in equities can continue for at least another year, said analysts, as they shrugged off concerns about historically high asset prices, the end of central bank largesse and low US inflation. The Fin
Palmer lawsuits stall in red tape
Liquidators will have to grapple with The Hague Convention to serve their lawsuits on Clive Palmer’s international women of mystery, his Bora Bora resort and his Bulgaria-based fatherin-law. The Aus
Seven deal hangs in balance
A settlement between Kerry Stokes’s Seven West Media and its CEO Tim Worner’s former mistress Amber Harrison last night hung in the balance. The Aus
One Nation MP pushes GST revamp
WA’s sole One Nation senator has demanded an end to the way the GST is carved up in a proposal that could put him on a collision course with party leader Pauline Hanson. The West
Nobody at the wheel at BHP’s Jimblebar
BHP’s Jimblebar mine will be the first operation in the mining giant’s Pilbara iron ore portfolio to move completely to driverless trucks. The West
The Australian Financial Review
Page 1: Malcolm Turnbull will hold talks with Chinese President Xi Jinping and South Korea’s new leader at the G20 summit as he arrives in Germany to find Australia caught in the middle of escalating regional economic and military tensions caused by the North Korean missile crisis.
The British buyers of the Arrium assets including the Whyalla steelworks intend to spend about $1 billion on the steel plant and associated infrastructure, including a power plant capable of feeding extra electricity into the South Australian grid.
Businesses have been hit with a record increase in wholesale electricity prices in the past year, including 63 per cent in Victoria, which is expected to create ongoing uncertainty for companies, especially those coming off long-term contracts this winter.
Page 7: Tax agent H&R Block has hit back at the tax commissioner’s crackdown on work claims, saying there is no evidence of rorting and most expenses are legitimate.
Page 9: A sharp jump in export earnings from resources and commodities in 2016-17 is set to be abruptly stopped in its tracks as sliding commodities prices wipe out the impact of surging shipments of LNG.
Adrian Griffin, a 63-year-old Perth geologist and metallurgist, has been investigating the potential of ‘‘lesser known’’ lithium minerals for more than two decades.
Page 15: The eight-year global bull market in equities can continue for at least another year, said analysts, as they shrugged off concerns about historically high asset prices, the end of central bank largesse and low US inflation.
Page 17: CIMIC has offloaded its major stake in Macmahon Holdings after its failed hostile takeover of the smaller contractor left it exposed to dilution from a white-knight deal.
The Australian
Page 2: When Cory Bernardi speaks at a Liberal Party fundraiser on Sydney’s north shore next month, he will find heartland voters such as Peter Wells who feel betrayed.
Page 3: Liquidators will have to grapple with The Hague Convention to serve their lawsuits on Clive Palmer’s international women of mystery, his Bora Bora resort and his Bulgaria-based fatherin-law.
Page 6: The sale of Whyalla’s Arrium steelworks to British billionaire Sanjeev Gupta’s company GFG Alliance is likely to lead to job creation, power co-generation and a local boost to the economy, South Australian Premier Jay Weatherill says.
Page 19: The latest sharp plunge in iron ore prices has prompted the nation’s official forecaster to cut its expectations for Australian resources exports, in a dent to government hopes for a mining-fuelled boost to coffers.
Australian companies are increasingly looking to international expansion to take advantage of a “golden age” for the US economy, according to Bank of America Merrill Lynch country head Kevin Skelton.
A settlement between Kerry Stokes’s Seven West Media and its CEO Tim Worner’s former mistress Amber Harrison last night hung in the balance.
The West Australian
Page 5: Increasing airline capacity and a weak economy are forcing airlines into a major fare war to fill empty seats on international and domestic routes.
Page 6: Commercial pilots are reporting near misses with drones in WA, prompting warnings that it is “only a matter of time” before an incident occurs.
Page 9: The State’s smoking laws have been branded a joke as hospital patients and visitors light up with impunity at Sir Charles Gairdner Hospital.
Page 14: WA’s sole One Nation senator has demanded an end to the way the GST is carved up in a proposal that could put him on a collision course with party leader Pauline Hanson.
Page 58: Doray Minerals lost a quarter of its market value yesterday after the gold miner warned it would have to close its Andy Well gold mine near Meekatharra earlier than expected, cutting its production by more than a third.
BHP’s Jimblebar mine will be the first operation in the mining giant’s Pilbara iron ore portfolio to move completely to driverless trucks.
Newly arrived gas retailer AGL’s best offer, a 26 per cent price discount, will be limited to West Coast Eagles members.
Carnegie Clean Energy’s pivot from renewable power generation to integrated energy solutions has taken another step, with a multimillion-dollar contract secured to build a microgrid at Delamere Air Weapons Range.
Page 59: Walkabout Resources has given its fellow Tanzania-focused explorers a taste of what to expect when their shares return to trade, with the graphite explorer smashed when it returned to the boards yesterday.
