Analyst news

• Traditional owners disgusted at luxury resort proposal for heritage-listed island

  14-04-2023 23:49 via abc.net.au
  
  The traditional owners of K’Gari (Fraser Island) have condemned the developer of a proposed five-star luxury resort on the island, which claimed to have their support for the plan.
  
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• 'It's actually a disgrace': Traditional owners disgusted at luxury resort proposal for heritage-listed island

  14-04-2023 23:49 via abc.net.au
  
  The traditional owners of K’Gari (Fraser Island) have condemned the developer of a proposed five-star luxury resort on the island, which claimed to have their support for the plan.
  
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• 'Deceiving': Mining company amends exploration licence application after saying it was withdrawn

  14-04-2023 22:13 via abc.net.au
  
  Mining company Bacchus Resources told the ABC and residents last week that it had withdrawn its licence application, but exploration maps made publicly available this week reveal its application has been amended, not withdrawn.
  
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• Tough plastics broken down by backyard fungi in 140 days, experiment finds

  14-04-2023 20:42 via abc.net.au
  
  Two types of fungi commonly found in backyards can be used to break down one of the world's most stubborn plastics — and scientists say this discovery could be a significant step in addressing the recycling crisis.
  
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• This fungus has been making plastic disappear, and scientists have high hopes for it

  14-04-2023 20:42 via abc.net.au
  
  Two types of fungi commonly found in backyards can be used to break down one of the world's most stubborn plastics — and scientists say this discovery could be a significant step in addressing the recycling crisis.
  
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• At Close of Business 14 April 2023

  14-04-2023 10:20 via businessnews.com.au
  
  Matt Mckenzie, Claire Tyrrell and Isabel Vieira discuss the rental crisis and whether profits are really driving inflation.
  
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• Australian shares close higher for three straight weeks

  14-04-2023 09:57 via businessnews.com.au
  
  Australian shares recovered from an early trading dip to close out the session higher for its third straight week of gains after posting a 0.2 per cent rise.
  
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• Genesis cuts new St Barbara deal

  14-04-2023 09:37 via businessnews.com.au
  
  Genesis Minerals is understood to have locked in a new deal to buy St Barbara’s Leonora assets for $600 million while removing risks tied to its earlier merger plan.
  
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• MinRes takes a shine to takeover target

  14-04-2023 09:34 via businessnews.com.au
  
  Mineral Resources is believed to have taken up a substantial stake in ASX-listed Essential Metals, a lithium explorer currently in the crosshairs of Tianqi Lithium and IGO.
  
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• Wesfarmers boss sells $9m in shares

  14-04-2023 09:26 via businessnews.com.au
  
  Wesfarmers boss Rob Scott has pocketed more than $9 million after selling a portion of his shares in the West Australian conglomerate, citing tax obligations.
  
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• No, profits aren’t “driving” inflation

  14-04-2023 09:03 via businessnews.com.au
  
  Analysis: The Australia Institute seems to have had a change of heart about inflation, but can’t quite admit it.
  
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• Bellevue Gold to join ASX 200

  14-04-2023 09:00 via businessnews.com.au
  
  Bellevue Gold is set to join the list of top 200 ASX companies replacing takeover target OZ Minerals.
  
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• Aboriginal heritage laws an “absolute minimum”

  14-04-2023 07:34 via businessnews.com.au
  
  The state government’s new Aboriginal heritage laws have been broadly welcomed but raised concerns about the capacity of indigenous corporations to deliver on their new responsibilities.
  
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• Waste plant launched in Collie

  14-04-2023 07:14 via businessnews.com.au
  
  A $10.4 million waste management plant in Collie has been completed, providing a bioenergy solution to waste and landfill overflow.
  
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• The mining sector made more than half of Australia's corporate profits, so why do economists want to ignore it?

  14-04-2023 06:59 via abc.net.au
  
  Australia's mining sector has generated windfall profits over the past two years, the result of dramatically higher prices for fossil fuel energy, but has it driven inflation?
  
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• Port of Port Hedland reopened, cyclone downgraded

  14-04-2023 06:40 via businessnews.com.au
  
  Operations at the state's busiest port have resumed after the Pilbara Ports Authority deemed the Port of Port Hedland safe to reopen after cyclone Ilsa passed.
  
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• Rental vacancy jumps slightly

  14-04-2023 06:31 via businessnews.com.au
  
  PropTrack data shows Perth’s rental vacancy increased by 0.05 per cent in March, however REIWA figures show the rate as unchanged.
  
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• Mark My Words 14 April 2023

  14-04-2023 06:24 via businessnews.com.au
  
  In this podcast Mark Pownall and Mark Beyer discuss the new maternity hospital, EY and Deloitte, Kwinana nickel plant, housing construction crisis, foreign investment, agribusiness, sport and $5.2 billion Perth City Link
  
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• Broken Hill Mayor slams Southern Cross Austereo for axing regional news bulletin

  14-04-2023 06:24 via abc.net.au
  
  Viewers of the Spencer Gulf Nightly News program are saddened by the loss of the program after it was unexpectedly axed this week. Many didn't know Wednesday's program would be its last, including some directly involved in its production.
  
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• Bank closures a 'kick in the guts' for towns fighting to keep services

  14-04-2023 05:39 via abc.net.au
  
  Small communities are rallying against plans to close regional bank agencies and branches, signing petitions and taking to the streets to keep their local facilities open. 
  
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• OZ Minerals awards $312m contracts

  14-04-2023 05:38 via businessnews.com.au
  
  GR Engineering has won $312 million worth of work from OZ Minerals a day after shareholders approved BHP’s $9.6 billion takeover of the company.
  
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• V/Line commuters abandon trips to regional Victoria to avoid 'uncomfortable' journey

  14-04-2023 05:12 via abc.net.au
  
  The Victorian government introduced cheaper fares for the state's regional rail and bus network, but would-be commuters are abandoning or suffering through uncomfortable trips as V/Line fails to put on enough carriages or services to meet demand.
  
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• IGO, Wyloo to pursue $1bn battery operation

  14-04-2023 03:18 via businessnews.com.au
  
  A 30-hectare site in Kwinana has been earmarked for what is billed to be the first-of-its-kind battery materials facility in Australia, spearheaded by ASX-listed IGO and Andrew Forrest’s Wyloo Metals.
  
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• World Transplant Games comes to Perth

  14-04-2023 03:05 via businessnews.com.au
  
  The World Transplant Games are being hosted in Perth for the first time in its 24 year history, attracting 45 countries to Western Australia to participate in sporting events.
  
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• Former NT chief minister Adam Giles becomes beef boss for Gina Rinehart

  14-04-2023 02:32 via abc.net.au
  
  The former chief minister of the Northern Territory, Adam Giles, is the new CEO of Gina Rinehart's Hancock Agriculture and S. Kidman & Co.
  
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• Reining-in an AI horse that’s bolted

  14-04-2023 02:00 via businessnews.com.au
  
  Researchers are now seeking ways to mitigate the technology’s potential downsides.
  
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• Tech executive known to Cash App founder Bob Lee charged with his stabbing murder

  14-04-2023 01:33 via abc.net.au
  
  Police arrest a fellow tech executive over the fatal stabbing of Cash App founder Bob Lee in San Francisco.
  
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• Suspected killer of Cash App founder Bob Lee in police custody

  14-04-2023 01:33 via abc.net.au
  
  Police arrest a fellow tech executive in connection with the fatal stabbing of Cash App founder Bob Lee in San Francisco.
  
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• Concerns for Indigenous 'church' as WA government backs eco resort plan

  14-04-2023 00:42 via abc.net.au
  
  Indigenous custodians say they will not support a plan that could affect a deeply significant site near the coal mining town of Collie.
  
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• AFL fans create tourism boom in SA, but 'lost opportunity' for country match lamented

  14-04-2023 00:41 via abc.net.au
  
  Victorians are already flooding across the border for the Gather Round matches being held in SA on the weekend, but some say a game should have been held in Mount Gambier.
  
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• Unemployment is at a 50-year low nationwide, but a recruiter is warning jobseekers not to get lazy

  14-04-2023 00:21 via abc.net.au
  
  An employment specialist says widespread workforce shortages are driving complacency among job applicants, who aren't marketing themselves well to employers.
  
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