Analyst news

• NSW missing out on mining royalty billions, Australia Institute claims, citing Queensland's tiered revenue windfall

  22-03-2023 22:58 via abc.net.au
  
  Progressive think tank The Australia Institute claims NSW could have doubled its coal revenue this financial year if it had adopted Queensland's tiered royalty system which cashes in when prices are booming.
  
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• Calls to boost mining royalties ahead of NSW election, amid claims state is losing out on billions

  22-03-2023 22:58 via abc.net.au
  
  Progressive think tank The Australia Institute claims NSW could have doubled its coal revenue this financial year, if it had adopted the Queensland royalty system.
  
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• Live: Federal Reserve hikes interest rates by 0.25 percentage points for ninth consecutive time, ASX set to open lower

  22-03-2023 21:38 via abc.net.au
  
  The Federal Reserve lifts interest rates for the ninth consecutive time overnight, with the ASX set to open lower. Follow the day's events and insights as they happen with our business reporters on the ABC News live markets blog. 
  
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• Live: ASX trades lower after Federal Reserve hikes interest rates to highest level since GFC

  22-03-2023 21:38 via abc.net.au
  
  The ASX remains lower halfway through trade after the Federal Reserve lifted interest rates for the ninth consecutive month. Follow the day's events and insights as they happen with our business reporters on the ABC News live markets blog. 
  
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• Live: ASX opens lower after Federal Reserve hikes interest rates to highest level since GFC

  22-03-2023 21:38 via abc.net.au
  
  The ASX opens lower after the Federal Reserve lifted interest rates for the ninth consecutive time overnight. Follow the day's events and insights as they happen with our business reporters on the ABC News live markets blog. 
  
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• ASX finishes lower after Federal Reserve hikes interest rates to highest level since GFC — as it happened

  22-03-2023 21:38 via abc.net.au
  
  The ASX finishes lower at market close, off the back of the US Federal Reserve lifting interest rates for the ninth consecutive time. Look back at the day's events and insights as they happened with our business reporters on the ABC News markets blog. 
  
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• Finding out his diabetes drug was coming off the PBS was 'gut-wrenching' for Daniel. But relief is in sight — for now

  22-03-2023 20:29 via abc.net.au
  
  Fast-acting insulin Fiasp has been a "game changer" for Daniel Webb in managing his type 1 diabetes. The drug was about to be removed from the PBS, but a temporary solution has been found.
  
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• Daniel was about to pay seven times more for his diabetes drug, until the government stepped in

  22-03-2023 20:29 via abc.net.au
  
  Fast-acting insulin Fiasp has been a "game changer" for Daniel Webb in managing his type 1 diabetes. The drug was about to be removed from the PBS, but a temporary solution has been found.
  
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• Suggestion $90k in envelope was for working hard 'fanciful and implausible', says gold theft trial prosecutor

  22-03-2023 19:49 via abc.net.au
  
  A prosecutor in the trial of five people accused of a million-dollar gold swindle in WA's Goldfields describes the nature of their dealings as "nefarious" and "surreptitious" in his closing address.
  
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• Jury urged to follow the money as closing arguments begin in $1.1m gold theft trial

  22-03-2023 19:49 via abc.net.au
  
  The state prosecutor in the District Court trial of five people accused of a million-dollar gold swindle in WA's Goldfields has described the nature of their dealings as "nefarious" and "surreptitious".
  
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• Jury urged to follow the money as closing arguments begin in $1.17m gold theft trial

  22-03-2023 19:49 via abc.net.au
  
  A prosecutor in the trial of five people accused of a million-dollar gold swindle in WA's Goldfields has described the nature of their dealings as "nefarious" and "surreptitious".
  
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• Developer behind Sydney apartment building with ‘structural issues’ placed into administration

  22-03-2023 11:48 via abc.net.au
  
  Two companies run by controversial Sydney property developer Jean Nassif have been placed into receivership, leaving an apartment tower "partially completed". 
  
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• At Close of Business 22 March 2023

  22-03-2023 09:17 via businessnews.com.au
  
  Simone Grogan and Isabel Vieira discuss WA's aspiring lithium miners and exploration spending.
  
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• Audit red flag for state's lands portfolio

  22-03-2023 09:07 via businessnews.com.au
  
  Auditors are asking questions about the Department of Planning, Land, and Heritage’s $2.7 billion portfolio of land after finding “management were unable to substantiate the existence of all administered land”.
  
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• Australian shares rise again ahead of Fed meeting

  22-03-2023 08:29 via businessnews.com.au
  
  The local share market has finished up 0.9 per cent, hitting a seven-day high ahead of a momentous Federal Reserve meeting.
  
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• VGW posts $178m interim profit

  22-03-2023 08:09 via businessnews.com.au
  
  Perth’s largest and most profitable tech company, VGW Holdings, has announced a share buy-back for investors wanting to cash-in their holdings but has no plans for an IPO.
  
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• Anglicare Op Shops ‘no longer viable’

  22-03-2023 08:09 via businessnews.com.au
  
  Not for profit Anglicare WA will close the four op shops it operates in the state, deeming the arm of the business no longer financially viable after 40 years in operation.
  
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• Rivet Mining Services goes under

  22-03-2023 07:47 via businessnews.com.au
  
  Receivers from FTI Consulting have been called in to manage Rivet Mining Services, the Perth-based subsidiary of contracting business Rivet Group.
  
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• Coomera Connector receives final environmental approval for one of Australia's 'fastest growing regions'

  22-03-2023 07:34 via abc.net.au
  
  A highway designed to ease congestion between south Brisbane and the Gold Coast gets its final tick of approval but conservationists are not convinced, despite the inclusion of "strict conditions" to reflect environmental concerns.
  
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• Calls for Mint inquiry land in Canberra

  22-03-2023 07:00 via businessnews.com.au
  
  The opposition has bypassed the state government and today written directly to the prime minister to formally outline its request for a Royal Commission into The Perth Mint.
  
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• Sodexo secures $170m contracts

  22-03-2023 06:53 via businessnews.com.au
  
  Sodexo Australia has secured two contracts worth $170 million to provide its accommodation, housekeeping and catering services at sites across Western Australia.
  
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• Palmer reaps $3bn from WA project

  22-03-2023 06:02 via businessnews.com.au
  
  Clive Palmer’s private company has posted a bumper annual profit of $276 million as he continues to benefit from a lucrative royalties deal on a Pilbara iron ore project.
  
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• TEDxPerth speakers revealed

  22-03-2023 06:00 via businessnews.com.au
  
  Businessman Peter Holmes à Court has been named as one of three new speakers added to the line-up for the TEDxPerth event being held April 1.
  
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• 3 Oceans Scarborough site trashed

  22-03-2023 05:27 via businessnews.com.au
  
  Vacant land earmarked for a Scarborough skyscraper has become an eyesore after a multi-million-dollar project by Chinese developer 3 Oceans Property continues to stall.
  
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• Good news on green minerals growth

  22-03-2023 05:05 via businessnews.com.au
  
  Juniors have thrived in the search for future-facing commodities, while investment in coal suggests that sector won’t go quietly.
  
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• Global pursuit of lithium bounty

  22-03-2023 05:01 via businessnews.com.au
  
  Aspiring lithium miners face challenges and opportunities as they race to turn prospects into production.
  
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• Monadelphous wins $125m contracts

  22-03-2023 04:48 via businessnews.com.au
  
  Engineering firm Monadelphous Group has secured $125 million worth of contracts from Rio Tinto, BHP and Albemarle Lithium.
  
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• Dug avoids Silicon Valley Bank fallout

  22-03-2023 04:09 via businessnews.com.au
  
  Dug Technology had millions tied up with Silicon Valley Bank before its collapse, but is not expecting any financial loss after the US Federal Reserved assured customer deposits would be secured.
  
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• 'I can't afford to buy a cauliflower' says pensioner, as household budgets stretched

  22-03-2023 04:02 via abc.net.au
  
  Groceries become a main source of financial stress as food prices and mortgage repayments increase, with families skipping meals and avoiding meat, dairy, and alcohol.
  
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• Alpine tourism operators are looking beyond the snow season. Will it be enough to avoid climate change impacts?

  22-03-2023 03:16 via abc.net.au
  
  As the effects of climate change bite into their bottom line, alpine tourism operators are looking for innovative ways to future-proof their businesses.
  
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• Alpine tourism operators are looking beyond snow season. Will it be enough to avoid climate change impacts?

  22-03-2023 03:16 via abc.net.au
  
  As the effects of climate change bite into their bottom line, alpine tourism operators are looking for innovative ways to future-proof their businesses.
  
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• Are flatpack homes the answer to a housing and regional skills shortage?

  22-03-2023 02:29 via abc.net.au
  
  Homes built off-site and trucked to the regions are being proposed as the latest solution to affordable housing in what one state says is its most ambitious construction program since WWII.
  
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• How this vocational training program with a 'massive' waitlist is helping prisoners turn their lives around

  22-03-2023 02:23 via abc.net.au
  
  One participant started using drugs at 16, was trafficking by 21 and has been in and out of jail for much of her adult life. Now, she's using construction skills she learnt while incarcerated to build herself a better future.
  
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• NT bail laws and police powers under review after fatal stabbing of bottle shop worker

  22-03-2023 01:53 via abc.net.au
  
  The NT government has announced a suite of measures in response to the stabbing death of a young worker at a bottle shop in Darwin, including a review of bail laws and potential new police powers.
  
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• Local investors back GeoMoby

  22-03-2023 01:49 via businessnews.com.au
  
  Perth scale-up claims an edge in underground mining.
  
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• Safeguard offsets plan won't change a thing: Forrest

  22-03-2023 01:44 via businessnews.com.au
  
  Mining magnate Andrew Forrest has urged Australia to take bold steps to transform its energy sector after the latest United Nations report on global warming.
  
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• Australia's growth prospects still looking downcast

  22-03-2023 01:35 via businessnews.com.au
  
  Leading indicators for Australia's future growth are still signalling depressed activity in coming months as interest rate rises bite.
  
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• NSW premier denies asking health minister for 'favours' to get sick wife an ambulance

  22-03-2023 00:30 via abc.net.au
  
  Premier Dominic Perrottet is quizzed ahead of Saturday's state election about calling the state's health minister before his wife ended up in hospital. 
  
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• NSW premier admits state's ambulance boss intervened to get his sick wife to hospital

  22-03-2023 00:30 via abc.net.au
  
  Premier Dominic Perrottet is quizzed ahead of Saturday's state election about calling the state's health minister before his wife ended up in hospital. 
  
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