Reynolds calls for local push on rare earths

Original article by Brad Thompson
The Australian Financial Review – Page: 16 : 7-Jul-20

Defence Minister Linda Reynolds says Australia and its partners are working to boost the supply of rare earths and other minerals that are important to their defence forces. Her comments come as Australia and other Western nations seek to cut their dependence on China for rare earths. The federal government’s Northern Australian Infrastructure Facility will provide $150 million in financial support for a proposed mineral sands mine in Western Australia that will include rare earths capacity. The NAIF is also considering supporting Arafura Resources’ $1.1 billion rare earths project in the Northern Territory.

CORPORATES
AUSTRALIA. DEPT OF DEFENCE, ARAFURA RESOURCES LIMITED – ASX ARU, NORTHERN AUSTRALIA INFRASTRUCTURE FACILITY, LYNAS CORPORATION LIMITED – ASX LYC

‘A national security scandal’: Kevin Rudd names three gaps in defence strategy

Original article by Anthony Galloway
The Sydney Morning Herald – Page: Online : 3-Jul-20

The federal government’s new defence strategy includes expenditure of $270 billion over the next 10 years on boosting the Australian Defence Force. However, former prime minister Kevin Rudd contends there are three major gaps in the strategy: failing to build up Australia’s cyber defences with sufficient speed; insufficient spending in the Pacific region, and delays in the delivery of new submarines. Rudd noted his government’s 2009 Defence White Policy had called for a doubling of Australia’s submarine fleet, and he claims the submarine project has been "comprehensively botched".

CORPORATES
AUSTRALIAN DEFENCE FORCE

Australia to spend $270bn building larger military to prepare for poorer, more dangerous world

Original article by Jade Macmillan, Andrew Greene
abc.net.au – Page: Online : 1-Jul-20

The federal government will shift the focus of its defence policy to the Indo-Pacific, with Prime Minister Scott Morrison warning of a heightened risk of conflict in the region in the post-coronavirus environment. The government will increase its defence budget by $270bn over the next 10 years. Amongst other things, it is expected to spent about $800m on long-range anti-ship missiles from the US which have a much larger range than Australia’s current generation of missiles. About 800 additional Australian Defence Force members are expected to be recruited over the next decade, while the defence R&D budget will include research into hypersonic weapons.

CORPORATES
AUSTRALIAN DEFENCE FORCE, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

China threat: bolster Top End

Original article by Geoff Chambers
The Australian – Page: 1 & 2 : 19-Aug-19

A report to be released by the Australian Strategic Policy Institute on 19 August suggests that there is a growing gap between Australia’s strategic policy and its military assets in the northern part of the nation. The report’s release, which calls for a boost to defence capacity in that part of the country, will coincide with the release of a separate report from the United States Studies Centre that will argue that the US no longer "enjoys military primacy in the Indo-Pacific". The release of the two reports comes as China seeks to expand its defence and strategic presence in the region.

CORPORATES
AUSTRALIAN STRATEGIC POLICY INSTITUTE LIMITED, UNITED STATES STUDIES CENTRE

Collins forced to plug the subs gap

Original article by Paul Maley
The Australian – Page: 1 & 2 : 1-Oct-18

The Federal Government has yet to sign a strategic partnering agreement with France-based Naval Group to build a new fleet of submarines. Marcus Hellyer of the Australian Strategic Policy ­Institute has warned that a delay in finalising the agreement may in turn push back the delivery date for the 12 new submarines. He says that the government may have to extend the life of the Collins-class submarines until at least the 2040s. The first of the new Shortfin Barracuda submarines is slated for delivery in the early 2030s.

CORPORATES
NAVAL GROUP, AUSTRALIAN STRATEGIC POLICY INSTITUTE LIMITED, AUSTRALIA. DEPT OF DEFENCE, LOCKHEED MARTIN CORPORATION

Rule Britannia as UK design wins $35b frigate deal

Original article by Andrew Tillett
The Australian Financial Review – Page: 9 : 29-Jun-18

The federal government has selected UK-based BAE Systems to build Australia’s new frigates. BAE secured the $A35 billion contract ahead of Italy’s Fincantieri and Spanish company Navantia. The frigates will be known as the Hunter class and are expected to enter service in the late 2020s. Prime Minister Malcolm Turnbull has indicated that the frigate program will create 4,000 jobs, while BAE has stated that the frigates will feature up to 70 per cent Australian content.

CORPORATES
BAE SYSTEMS PLC, FINCANTIERI CANTIERI NAVALI ITALIANI SPA, NAVANTIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF DEFENCE, AUSTAL LIMITED – ASX ASB, ASC PTY LTD

Subs blowout could scuttle tax cuts

Original article by Andrew Tillett
The Australian Financial Review – Page: 5 : 12-Jun-18

Centre Alliance senator Rex Patrick has sought to link his support for the Federal Government’s company tax cuts package to the construction of a new submarine fleet. Patrick has expressed concern about the cost of the 12 submarines and warned that he cannot support the tax package until the full cost of the new fleet is disclosed. The Senate budget estimates committee was recently told that it will cost about $A50bn to build the submarines, but Patrick estimates that they could cost taxpayers around $A200bn in total during their operational life.

CORPORATES
CENTRE ALLIANCE, AUSTRALIA. DEPT OF DEFENCE, AUSTRALIAN STRATEGIC POLICY INSTITUTE LIMITED, NAVAL GROUP

PM plots possible sale of naval shipbuilder

Original article by Laura Tingle
The Australian Financial Review – Page: 1 & 6 : 28-Apr-16

The value of Adelaide-based ASC has risen significantly since the Federal Government announced that its shipyards will be used to build the nation’s new $A50bn submarine fleet. There is renewed speculation that the Government may consider privatising ASC, whose shipyards will also be used to build new naval frigates and patrol boats. Meanwhile, some estimates have suggested that building the submarines in Australia will increase the final cost by 30-40 per cent, although the Government believes that the cost can be reduced significantly by the time construction commences.

CORPORATES
ASC PTY LTD, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF DEFENCE, AUSTRALIA. DEPT OF FINANCE

Adelaide-built submarines will cost more, Coalition concedes

Original article by Laura Tingle
The Australian Financial Review – Page: 1 & 8 : 27-Apr-16

The Australian Government’s decision to build a new $A50bn fleet of submarines in Adelaide will create 2,800 jobs in South Australia, including 1,100 direct jobs. RAND Corporation has estimated that building the 12 submarines overseas would have reduced the cost by 30-40 per cent, but notes that the cost will be reduced by having a continuous shipbuilding program. The submarine contract has been awarded to France-based DCNS, which edged out defence contractors from Japan and Germany.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF DEFENCE, DCNS SA, RAND CORPORATION, JAPAN. MINISTRY OF DEFENCE, JAPAN. OFFICE OF THE PRIME MINISTER, AUSTRALIAN LABOR PARTY

Subs won’t be sunk by unions, says Premier

Original article by Simon Evans
The Australian Financial Review – Page: 8 : 22-Sep-15

South Australian Premier Jay Weatherill has told the Federal Government that there are compelling reasons to award the contract to build a new submarine fleet to Adelaide-based ASC. He has noted in particular the harmonious relations with the three unions that have a presence on the site. They have agreed to keep industrial action to a minimum in order to increase the prospects of submarine work being awarded to ASC. Several offshore groups are also bidding for the contract.

CORPORATES
SOUTH AUSTRALIA. DEPT OF THE PREMIER AND CABINET, ASC PTY LTD, AUSTRALIA. DEPT OF DEFENCE, AUSTRALIAN WORKERS’ UNION-FEDERATION OF INDUSTRIAL, MANUFACTURING AND ENGINEERING EMPLOYEES, AUSTRALIAN MANUFACTURING WORKERS’ UNION, COMMUNICATIONS, ELECTRICAL, ELECTRONIC, ENERGY, INFORMATION, POSTAL, PLUMBING AND ALLIED SERVICES UNION OF AUSTRALIA, LIBERAL PARTY OF AUSTRALIA, ROYAL AUSTRALIAN NAVY