Original article by Rosie Lewis
The Australian – Page: 4 : 11-Dec-15
Australian journalist Peter Greste was presented with the Human Rights Medal by Human Rights Commission president Gillian Triggs on 10 December 2015. Greste used his speech to express concern about the potential impact of the Federal Government’s national security laws on free speech and freedom of the press.
CORPORATES
AUSTRALIAN HUMAN RIGHTS COMMISSION, AL JAZEERA
Original article by Julie-anne Sprague
The Australian Financial Review – Page: 3 : 10-Dec-15
Bulk carrier "MV Anangel Explorer" is scheduled to leave Port Hedland with the first shipment from the Roy Hill iron ore project on 10 December 2015. Exports had initially been slated to commence by the end of the third quarter, and mining magnate Gina Rinehart has criticised the media for unduly focusing on the delays at Roy Hill rather than the project’s achievements. Rinehart’s Hancock Prospecting holds a 70 per cent stake in the project.
CORPORATES
ROY HILL IRON ORE PTY LTD, HANCOCK PROSPECTING PTY LTD, CITIGROUP PTY LTD, MERRILL LYNCH (AUSTRALIA) PTY LTD, SAMSUNG C&T CORPORATION, POSCO, MARUBENI CORPORATION, CHINA STEEL CORPORATION
Original article by Lisa Allen
The Australian – Page: 20 : 10-Dec-15
United Airlines has reported a fall in the number of Australian tourists flying to the US. Brian Znotins, vice-president for network planning at the airline, believes that this trend is the result of the weakness of the Australian dollar against the US currency. There will be no increase in the airline’s services from Sydney and Melbourne to Los Angeles.
CORPORATES
UNITED AIR LINES INCORPORATED, AUSTRALIAN BUREAU OF STATISTICS
Original article by David Uren
The Australian – Page: 2 : 10-Dec-15
The Australian Government’s Mid-Year Economic and Fiscal Outlook will need to contend with the sharp decline in the iron ore price since the May 2015 Budget. Revenue projections in the Budget were based on an average iron ore price of $US48 per tonne, but the price of the steel input has since fallen below $US40/tonne. The downturn in the iron ore price could reduce the Budget bottom line by around $A15bn over the next four years.
CORPORATES
AUSTRALIA. DEPT OF THE TREASURY, DELOITTE ACCESS ECONOMICS PTY LTD, WESTPAC BANKING CORPORATION – ASX WBC
Original article by John Kehoe
The Australian Financial Review – Page: 11 & 16 : 10-Dec-15
The American depository receipts of Brazilian miner Vale have shed 32.5 per cent since the tailings dam failure at the Samarco iron ore joint venture. Investors who bought Vale’s shares between 21 March and 30 November 2015 will be eligible to participate in a class action launched by Bronstein, Gewirtz & Grossman. Amongst other things, the law firm claims that Vale made false statements regarding the project. Shares in Samarco’s 50 per cent owner BHP Billiton have also been heavily sold down. It is not named in the class action.
CORPORATES
VALE SA, SAMARCO MINERACAO SA, BHP BILLITON LIMITED – ASX BHP, BRONSTEIN, GEWIRTZ AND GROSSMAN, NEW YORK STOCK EXCHANGE, DISTRICT COURT OF UNITED STATES. SOUTHERN DISTRICT OF NEW YORK, BRAZIL. ENVIRONMENT MINISTRY, UNITED NATIONS, GOLDBERG AND PARTNERS INCORPORATED
Original article by Amanda Saunders, James Chessell
The Australian Financial Review – Page: 1 & 4 : 10-Dec-15
Anglo American CEO Mark Cutifani has revealed plans to offload or close 35 of its mines worldwide and significantly reduce its global workforce. At least four of the group’s Australian mines are expected to be affected by the restructuring, although Anglo American is likely to retain the majority of its metallurgical coal mines in Australia. Anglo American will also abandon its progressive dividend policy, and shareholders will not receive a dividend payment in 2015 and 2016.
CORPORATES
ANGLO AMERICAN PLC, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, SOUTH32 LIMITED – ASX S32, UBS HOLDINGS PTY LTD, PENGANA CAPITAL LIMITED, GLENCORE PLC, ANTAMINA, CERREJON, SAMARCO MINERACAO SA, MITSUI AND COMPANY LIMITED
Original article by Edmund Tadros, Patrick Durkin
The Australian Financial Review – Page: 19 : 10-Dec-15
The annual executive salary survey of "The Australian Financial Review" shows that former Amcor CEO Ken MacKenzie was paid $A20.92m in 2015, making him the best-paid head of a listed company in the nation. Overall, Australia’s 300 highest-paid CEOs have received a combined pay increase of five per cent in 2015, and the average annual salary of the top CEOs has exceeded $A3m for the first time. Some 31 of the highest-paid CEOs have stepped down in 2015, which significantly bolstered their remuneration for the year.
CORPORATES
AMCOR LIMITED – ASX AMC, STANDARD AND POOR’S ASX 200 INDEX, CIMIC GROUP LIMITED – ASX CIM, TEN NETWORK HOLDINGS LIMITED – ASX TEN, TELSTRA CORPORATION LIMITED – ASX TLS, MYER HOLDINGS LIMITED – ASX MYR, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, EGAN ASSOCIATES MANAGEMENT CONSULTANTS, MACQUARIE GROUP LIMITED – ASX MQG, JAMES HARDIE INDUSTRIES PLC – ASX JHX, NEWS CORPORATION – ASX NWS, MIRVAC GROUP – ASX MGR, IMPEDIMED LIMITED – ASX IPD, 1-PAGE LIMITED – ASX 1PG, BLACKMORES LIMITED – ASX BKL, VITA GROUP LIMITED – ASX VTG, QANTAS AIRWAYS LIMITED – ASX QAN, AUSNET SERVICES LIMITED – ASX AST, ANSELL LIMITED – ASX ANN, ALS LIMITED – ASX ALQ, DOWNER EDI LIMITED – ASX DOW
Original article by Business Spectator
The Australian – Page: Online : 10-Dec-15
The price of benchmark iron ore for immediate delivery to China’s port of Tianjin has fallen by 1.3 per cent to $US38.30 per tonne, compared with $US38.80 previously. The iron ore price has risen in just four of the last 43 trading sessions, and Gordon Johnson of Axiom Capital expects it to fall towards the $US30/tonne level in 2016. He also anticipates that the iron ore price will fall below $US30/tonne in 2017, if not earlier.
CORPORATES
PORT OF TIANJIN, AXIOM CAPITAL MANAGEMENT INCORPORATED, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, VALE SA, ROY HILL IRON ORE PTY LTD, HANCOCK PROSPECTING PTY LTD
Original article by Michael Bodey
The Australian – Page: 3 : 10-Dec-15
The Australian Academy of Cinema & Television Arts Awards were presented on 9 December 2015. "Mad Max: Fury Road" took out eight awards in the feature films category, including film of the year and best director. "The Dressmaker" won four awards, including best actress and the People’s Choice Award. A mini-series on the life of entertainer Peter Allen won seven awards in the television category.
CORPORATES
AUSTRALIAN ACADEMY OF CINEMA AND TELEVISION ARTS, SEVEN NETWORK LIMITED, FOXTEL MANAGEMENT PTY LTD, SPECIAL BROADCASTING SERVICE (SBS), AUSTRALIAN BROADCASTING CORPORATION
Original article by Roy Morgan Research
Market Research Update – Page: Online : 9-Dec-15
A Roy Morgan Single Source survey has found that 2.7 per cent of Australians aged 14+ engaged in some kind of adventure activity during their last holiday. The survey, which was carried out in the two years to September 2015, shows that 5.3 per cent of Australians who went overseas for their last trip engaged in adventure activity, compared with 2.2 per cent of those who holidayed at home. Meanwhile, 28.5 per cent of Australians who visited Latin America on their last holiday participated in adventure activities, ahead of Canada (14 per cent) and the South Pacific (nine per cent).
CORPORATES
ROY MORGAN RESEARCH LIMITED
