The Federal Government has prevented Chinese company Yuxiao Fund from raising its stake in Northern Minerals on grounds of national interest. Yuxiao Fund wanted to increase its holding from 9.92% to 19.9% but needed approval from the Foreign Investment Review Board. Northern Minerals has been focused on fine-tuning its heavy rare earths processing system through …
What You Missed in the News This Week
Weeks after the West Australian Government raised concerns that Alcoa’s mines posed a risk to the Serpentine Dam and 1/5 of Perth’s drinking water, it has been discovered that the US miner has risked another WA dam. Alcoa applied for approval to build pipelines over WA’s Waroona Dam to pump PFAS contaminated water from firefighting …
What you missed in the news this week
St Barbara and Genesis Minerals have announced their merger to create Hoover House, St Barbara will acquire 100% of the shares in Genesis. Genesis shareholders will own 41% of Hoover House, with St Barbara shareholders owning 38%. Hoover House will have a production target of over 300,000oz of gold per annum. St Barbara chair, Tim …
Federal Budget Breakdown
The 2022 October Federal Budget has been announced. Here’s how the Goldfields and mining are affected. The migration cap will increase 35,000 persons to 195,000 people in 2022-23. At least 90% of these 35,000 will be for skilled migrants and more than 25% will be targeted to regional areas. This will ease labour shortages …
This Afternoons Top Story – Is Our ABC, Our ABC?
33 years ago, there was an ABC campaign that proudly told us that “Our ABC” only cost each Australian eight cents a day to operate. Not bad value back then when you think of the services they provided. It was only radio and TV as online services had not even been thought of then, but …
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Today’s Top Story – Does The Corporate World and the Media Treat People Fairly Anymore?
Today I thought I would look at how the media and some corporations treat people and ask; Is that really fair? For example, the media in the last day or two have been all over the case of Channel Nine News director, Darren Wick, who was charged with a high-level alcohol driving offence that occurred …
Tonight’s Top Story – Are We Over-Governed by Politicians and Bureaucrats in Australia and at What Cost?
We have a federal government; each state and territory have a government and there is a myriad of councils and shires in each as well. Each level of government has its own responsibilities however there is a lot of crossover in some areas. Take for example health and education. The federal government provides a lot …
Morning News Bites – September 18
Morning News Bites for September 18. Indian company Adani has starting digging its controversial Carmichael coal mine in Central Queensland, New Zealand in recession after record 12pc contraction and changes to Job Seeker, with recipients needing to search for eight jobs a month to receive the payment. Venus Metals Corporation Limited in conjunction with Rox Resources Limited reported …
Morning News Bites – September 17
Morning News Bites for September 17. The ASX has opened weaker as Fortescue, Commonwealth Bank and Afterpay weigh on the index, Victoria reports lowest COVID-19 cases in 2 months as NSW eases border restrictions for regional communities. Mincor’s Board approves development of the Kambalda Nickel Operations. The announcement of a Final Investment Decision for the planned re-commencement …
Morning News Bites – September 16
Morning News Bites for September 16. Australian Nurses Union study finds COVID-19 infections in Australia could be nearly 60,000 more than reported, heavy rain forecast for drought-stricken towns in central Australia and Technology Metals Australia announce a life-of-mine update for their Gabanintha Vanadium Project in WA. Technology Metals Australia Limited announced an update of the Gabanintha Vanadium Project …