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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 …
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 …
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 …
Today’s Top Story – When Will The WA Bubble Burst?
Who would have thought six months ago that the words “travel bubble” would have been used so prolifically, yet alone anyone even thinking of it? Yet here we are talking about it, hoping that these bubbles will open up between states and glory be internationally. Western Australia has lived within its own bubble since almost …
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Today’s Top Story – Western Australia continues to be the envy of the world.
The price of iron ore has never been so important to the Western Australian economy as has been evident in the recently announced state budget. On the back of soaring iron ore prices, the state government collected nearly $8.45B in royalties from the miners who exported millions of tonnes of the ore to overseas markets, …
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Today’s Top Story – Changes to Superannuation Reporting
Changes to Superannuation Reporting. There appears to be some welcome changes into how superannuation funds will be scrutinised in the future, hopefully as early as July 2021. The government is working on making funds more transparent in an attempt to expose those making poor returns for those contributing to them. The Australian Prudential Regulatory Authority …
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Today’s Top Story – Federal Budget 20/21
Federal Budget 20/21 Jobs! Jobs! Jobs! has been the mantra of the federal government since they started “leaking” details of the budget before its official release last night. And it seems they have put their money where their mouth is. Employers, no matter how big or small they are, will receive up to $200 a …
