King hails carbon capture
Federal Resources Minister Madeleine King has emphatically backed carbon capture and storage as the best way for the resources industry to reach net zero emissions, but stopped short of reversing a freeze on project funding to accelerate the rollout of the technology. The Fin
PwC faces financial penalty for tax leak
The federal government is exploring options to try to ensure PwC Australia pays a “financial penalty” over the tax leaks scandal to punish the firm for using confidential tax information to drum up business, as the firm announced former CEO Tom Seymour would retire early from the partnership in September. PwC appointed former Telstra CEO Ziggy Switkowski to lead a review into the leaks. It is understood the firm’s leadership is prepared to ask more partners to retire. The Fin
BHP class action poses investor risk: lawyers
Lawyers behind a multibillion-dollar class action against BHP over a fatal dam disaster in Brazil have arrived in Australia to meet with the federal government and superannuation funds to warn of the risk to shareholders. The Fin
Aussie wines face fierce rivals in China comeback
Chinese importers are confident Australian wine will be back on the shelves in the world’s largest consumer market by the end of the year, but warn sales are unlikely to return to the peak levels of four years ago. The Fin
Newmont to dig deeper at Newcrest
Newmont Mining chief Tom Palmer believes he can create value at Newcrest mines such as Lihir by getting the ‘‘basics’’ right, after successfully convincing the board of Australia’s biggest gold miner to accept a $26.2 billion takeover offer. The Fin
Miners warn against ‘bullying by unions’
Miners have warned the government against allowing bullying and harassment in the workplace if it is defined as union business, and rejected changes to the Fair Work Act that would give a “green light” to misconduct under the guise of industrial activity. The Aus
Treaty talks to include mine veto
Indigenous corporations will push for the power to veto mines in environmentally and culturally sensitive areas as part of landmark treaty negotiations with the Queensland government. The Aus
Flipping fantastic: Kerr’s cup, now for the Matildas
You’re a hot athlete when you’re immune to the mock. When you talk yourself up without fearing the consequences. Sam Kerr’s cockiness, gravitas and big-match prowess will be priceless for the Matildas at the World Cup. The Aus
$5k for a Chalmers offensive
Business heavyweights will fork out $5000 each to rub shoulders with Treasurer Jim Chalmers at a major Labor fundraiser in Perth this week. The West
Lehrmann ‘convicted in the media’
Bruce Lehrmann was convicted in the media before his rape trial even started, his defence lawyer has told an independent inquiry. Mr Whybrow, pictured, was the second witness to give evidence to an inquiry into how the justice system handled rape allegations made by Mr Lehrmann’s former colleague Brittany Higgins. The West
Australian Financial Review
Page 2: Kate Pounder’s decision to reject the position of chief executive of the Business Council of Australia leaves succession plans for Jennifer Westacott’s departure later this year in total disarray. But it makes the coming big push by business against the government’s next industrial relations changes rather less awkward to manage.
Page 6: Banks, telcos and the big social media platforms will be liable to reimburse consumers who lose money to scams, under a new cross-industry code to take down fraudsters’ websites and verification of businesses to stop fake accounts and advertising.
Page 16: The Australian company running a rare earths metallisation factory in South Korea says it would only make sense to build such a plant in Australia if a magnet-making industry was established nearby.
Page 16: Transmission lines are shaping as the biggest bottleneck in Australia’s plan to transition power generation away from its traditional reliance on coal as their development has been hampered by funding constraints and community opposition.
Page 17: Genesis Minerals has increased the scrip component of its offer for St Barbara’s flagship Gwalia gold mine as it tries to head off a rival bid from Silver Lake Resources.
Page 21: The husband-and-wife team behind an Australian automation technology company has sacked all its staff, with clients including Westpac, Virgin Australia and Wesfarmers ‘‘left hanging’’ by its sudden liquidation.
Page 36: Emissions If successful, Santos’ Moomba carbon capture and storage initiative could unleash dozens of similar ventures, writes Ben Potter.
The Australian
Page 4: Australia is “well behind the pace” of reaching Labor’s target of hit- ting 82 per cent renewables in the power grid by 2030, the nation’s green bank says, with a major wind farm needing to be built each month until the end of the decade to hit the goal.
Page 13: Energy giant Shell has warned Australia may miss out on future investments needed to bridge a gas supply shortage after a series of heavy-handed policy interventions damaged the nation’s reputation as an investment destination.
Page 20: Australia is crucial to Korea Zinc’s strategy of reaching net zero carbon emissions by 2050 through the development of green hydrogen to power its refineries, according to the sustain- ability chief at the world’s biggest producer of zinc, lead and silver, Kijune Kim.
The West Australian
Page 37: More than $80 million of Global Lithium Resources stock has emerged from trading locks put in place at its float two years ago, positioning directors, backers and sponsoring broker Argonaut to take full advantage of the company’s success.
Page 37: Woodside Energy boss Meg O’Neill has doubled down in defence of the oil and gas industry, saying it is not a “casualty” of the clean energy transition but critical to the path forward.
Page 39: St John of God Health Care is warning of job losses as part of a review launched by its new chief executive, even as it recruits staff overseas to fill holes across its network of hospitals.
Page 40: Dutch distressed debt punter Louis Reijtenbagh has pocketed almost $540 million from his early funding of the legal war against the banks who plundered Alan Bond’s Bell Group.
