Business

Mineral Resources managing director Chris Ellison.
Mining
Adrian Rauso

Ellison to reap $17m as MinRes swings to a huge profit

Mineral Resources has swung from a $896 million loss to a $1.2 billion net profit and reinstated dividends.

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Wesfarmers and SQM's Mt Holland lithium venture.

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The supermarket giant is hiking the price of a household staple as its suppliers face ongoing fuel-related supply chain and operational cost pressures.

Coles to charge more for item bought by almost every shopper

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NAB is the latest bank to confirm it is joining the cull, after ANZ revealed it was slashing 3500 jobs and 1000 contractors.

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Consumers are being urged to shop around for the best grocery deals, though Australia’s third-largest supermarket offers the greatest overall value.

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Markets

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The ASX winners set to cash in as Aussie households struggle.
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Jayne Hrdlicka has been in the top job at Endeavour since January 1.

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Virgin Australia chief executive Dave Emerson.

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Australians are promised $1.6 billion in surcharge savings but rewards cardholders with the big four bank face higher rates, fewer perks and weaker insurance. Here’s everything you’re about to lose ...

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The strong annual result concealed a sudden fall and recovery late in the financial year.

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Housing prices falling in Melbourne and Sydney The Nightly

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What are the medical reasons that would allow you to access superannuation early? How do you do it? And is it worth the tax whack you’ll cop?

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Mining

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Mineral Resources managing director Chris Ellison.

Ellison to reap $17m as MinRes swings to a huge profit

Mining
1 Min Read
Video
Fortescue is also facing a class action lawsuit centred on sexual harassment at the company’s Pilbara iron ore mines.

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Outgoing Northern Star CEO Stuart Tonkin

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BHP’s Olympic Dam copper mine in South Australia.
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Energy

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Chief executive Liz Westcott dropped the bombshell as Woodside delivered its first half results on Tuesday.

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International Energy Agency excecutive director Fatih Birol says coal will be boosted as a result of the geopolitical turbulence disrupting energy markets. 

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Santos boss Kevin Gallagher has been the sector’s most vocal critic of the Albanese Government’s gas reservation plans.

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The war on Iran is hitting US partners Australia and New Zealand among those racking up billions of dollars in higher fuel import costs after prices spiked with the closure of the Strait of Hormuz.

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The Washington Post
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