Author: roymorgansocial

Torrens Mining hits the ground running with buoyant listing

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Original article by Cameron England
The Australian – Page: Online : 8-Jan-21

Shares in Torrens Mining closed at $0.295 on their first day of trading on the ASX on 7 January, having at one point risen by almost 50 per cent. The company has two gold projects in Victoria, a copper-gold prospect in Papua New Guinea, and the copper-cobalt ‘Elizabeth Creek’ project in South Australia, which is a joint venture with Coda Minerals. The project has a 159,000 tonne copper resource, and is located just 15 kilometres from BHP’s Oak Dam West copper discovery.

CORPORATES
TORRENS MINING LIMITED – ASX TRN, CODA MINERALS LIMITED – ASX COD, BHP GROUP LIMITED – ASX BHP, OZ MINERALS LIMITED – ASX OZL

Australia demands WHO entry to China without delay

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Original article by John Kehoe
The Australian Financial Review – Page: 3 : 7-Jan-21

A delegation from the World Health Organisation was due to depart in early January on a visit to China to investigate the origins of COVID-19. However, there have been delays in China in issuing their permits, which has prompted WHO Director-General Tedros Adhanom Ghebreyesu say he was "very disappointed", while Foreign Affairs Minister Marise Payne has called on China to allow the entry of the WHO delegation "without delay". Australia led the call for an independent investigation into the COVID-19, and it has been suggested this was a major factor in China’s ongoing retaliatory trade action against Australia.

CORPORATES
WORLD HEALTH ORGANIZATION, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE

Spending holds up despite outbreaks

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Original article by Patrick Commins
The Australian – Page: 4 : 7-Jan-21

Spending by ANZ cardholders increased by 6 per cent in December over November, with spending by Victorian cardholders up nearly five per cent and spending in New South Wales up two per cent. Spending by South Australian cardholders rose by 16 per cent, while Queensland spending was up 10 per cent. Spending on entertainment was up almost 25 per cent, while spending on accommodation was up 20 per cent.

CORPORATES
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ

Let tech be part of vaccine rollout

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Original article by David Swan
The Australian – Page: 13 : 7-Jan-21

The Australian Information Industry Association has urged federal Health Minister Greg Hunt to appoint a representative from the technology industry to the working group tasked with the rollout of the COVID-19 vaccine. The AIIA believes a digital expert is needed on the group, as it is worried that the separate sourcing of ICT software and systems by state and territory governments risks a "disjointed approach" that could result in a less effective national vaccination program. Members of the AIIA include Telstra, Salesforce and Apple.

CORPORATES
AUSTRALIAN INFORMATION INDUSTRY ASSOCIATION LIMITED, APPLE PTY LTD, TELSTRA CORPORATION LIMITED – ASX TLS

Warnock projected to defeat Loeffler in Georgia, moving Democrats closer to control of Senate

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Original article by Hannah Mio
cnbc.com – Page: Online : 7-Jan-21

Democrat Raphael Warnock has won the Georgia U.S. Senate runoff according to NBN projections; he would be the first Black Senator elected in Georgia if his victory is confirmed. Democrat Jon Ossoff was leading Republican Senator David Perduff in the other runoff with 98 per cent of the expected vote counted. If Ossoff wins, the Senate will be equally split between Republicans and Democrats, giving Vice-President elect Kamala Harris the tie-breaking vote. An earlier ABC News exit poll had indicated the Georgia vote would be tight, with voters evenly divided on preferred control of the Senate

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Fans dunked as NBL postpones season opener on virus outbreaks

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Original article by Jessica Gardner
The Australian Financial Review – Page: 3 : 7-Jan-21

The first game of the 2021 National Basketball League was due to be played in regional Victoria on 10 January between the NBL’s two Melbourne teams. However, the recent COVID-19 outbreaks in Sydney and Melbourne has seen that game postponed, and the first game will now be held on 15 January between the Cairns Taipans and the Hawks in Cairns. The first two rounds of the season will be restricted to virus-free locations, while the postponed Melbourne derby has been tentatively scheduled for Bendigo on 31 January.

CORPORATES
NATIONAL BASKETBALL LEAGUE

Reduced capacity an income bouncer

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Original article by Glenda Korporaal
The Australian – Page: 13 & 16 : 7-Jan-21

Venues New South Wales chairman Tony Shepherd says the Sydney Cricket Ground will lose money on the third Test as a result of the reduced capacity of 12,000. Shepherd, who is a former president of the Business Council of Australia, notes the SCG only gets money from the sale of tickets and food and beverage, but that it respects the decision of the NSW government and health authorities regarding reduced crowd numbers. Shepherd says it is very important that sport continues at the present time, as he says it is what keeps people healthy and "holds this country together"

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VENUES NSW

CBA push to get half of staff back in office

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Original article by James Frost, James Fernyhough, Tom Burton, Hannah Wootton
The Australian Financial Review – Page: Online : 7-Jan-21

The Commonwealth Bank is hoping to have 50 per cent of its Sydney and Melbourne staff back working in their offices by mid-January. However, with recent COVID-19 outbreaks in both cities, a company spokeswoman noted it is monitoring the situation and will adhere to guidance from the Victorian and New South Wales governments. The Victorian government has delayed by a week its proposed timetable for a return by workers to Melbourne’s CBD, while it has again made it mandatory to wear masks inside, including for office work. A Telstra spokesman says it will encourage its staff to continue to work from home if they can, while Melbourne-headquartered Medibank does not intend to open its office until February.

CORPORATES
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, TELSTRA CORPORATION LIMITED – ASX TLS, MEDIBANK PRIVATE LIMITED – ASX MPL

Electric cars a bright spot in dim sales year

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Original article by David Ross
The Australian – Page: 14 : 7-Jan-21

The Federal Chamber of Automotive Industries has revealed that total car sales in Australia were down 13.7 per cent to 916,968 vehicles in 2020, making it the worst year for the industry since 2013. Toyota captured 22.3 per cent of all sales in 2020, while one in two cars sold was an SUV. Hybrid vehicle sales increased by 93.7 per cent, while electric car sales rose officially by 16.2 per cent; the actual figure is likely to be much higher as Tesla does not disclose its sales.

CORPORATES
FEDERAL CHAMBER OF AUTOMOTIVE INDUSTRIES, TESLA INCORPORATED

Donald Trump supporters clash with police, sending US Capitol into lockdown as Congress counts votes

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Original article by Peter Marsh
abc.net.au – Page: Online : 7-Jan-21

The US Capitol has been placed into lockdown after a rally by President Donald Trump prompted his supporters to storm it. Congress was in the process of counting the Electoral College votes to confirm Joe Biden’s presidential victory, while Vice President Mike Pence had earlier defied Trump’s push to have the election result overturned. Trump has tweeted for his supporters to "stay peaceful", while there are reports that guns have been drawn inside the House of Representatives.

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