Forrest unveils ambitious Fortescue renewables plan

Original article by Brad Thompson
The Australian Financial Review – Page: 14 & 18 : 12-Nov-20

Fortescue Metals Group has outlined plans to become a major player in the energy sector via a massive investment in renewables. Fortescue chairman Andrew Forrest had told the pure-play iron ore miner’s AGM that it will initially aim to produce 235 gigawatts of energy via renewables, as it transition to an "renewables and resources" company. Meanwhile, CEO Elizabeth Gaines has stressed the importance of Australia’s trading relationship with China.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG

Kogan launches Visa card and $300 credit offer

Original article by Sue Mitchell
The Australian Financial Review – Page: 17 : 3-Oct-19

Online retailer Kogan.com has partnered with Citigroup to launch a Visa-branded credit card. The Kogan Money card has no annual fee and a 55-day interest-free period, while cardholders will receive free membership of the Kogan First customer loyalty scheme. Kogan announced the alliance with Citigroup in November 2018, and flagged plans to launch a credit card during 2019. Kogan has previously diversified into products such as superannuation, home loans and mobile phones.

CORPORATES
KOGAN.COM LIMITED – ASX KGN, CITIGROUP PTY LTD, VISA INTERNATIONAL, UBS HOLDINGS PTY LTD

Grange raises property stake amid concerns

Original article by Peter Ker
The Australian Financial Review – Page: 23 : 26-Apr-19

The decision by iron ore miner Grange Resources to diversify into property development continues to attract scrutiny. Grange is focusing on apartment developments in Melbourne suburbs such as Toorak and Prahran, where dwelling prices fell sharply in 2018. Some shareholders have expressed concern about the adequacy of Grange’s disclosures regarding its investment in the venture. CGI Glass Lewis has also urged investors to vote against Grange’s remuneration report at its upcoming AGM.

CORPORATES
GRANGE RESOURCES LIMITED – ASX GRR, CGI GLASS LEWIS PTY LTD, CORELOGIC AUSTRALIA PTY LTD

Iron ore may dominate Rio profits for decade: Jacques

Original article by Peter Ker
The Australian Financial Review – Page: 16 : 7-Aug-18

Rio Tinto has reduced its reliance on earnings from its iron ore division in recent years, although the steel input still accounted for 65 per of underlying earnings during the first half of 2018. CEO Jean-Sebastien Jacques has told investors that iron ore may account for the bulk of group earnings for some years, although he said Rio Tinto is considering a number of projects in the battery sector, including lithium and cobalt. However, he stressed that Rio Tinto will only pursue diversification if it is appropriate, and capital will continue to be allocated to the best projects.

CORPORATES
RIO TINTO LIMITED – ASX RIO, BHP BILLITON LIMITED – ASX BHP, STANDARD AND POOR’S FINANCIAL SERVICES LLC

ASX, PEXA square up in settlement market

Original article by Joyce Moullakis
The Australian Financial Review – Page: 15 & 26 : 1-Jun-18

The ASX and Infotrack have announced a joint venture aimed at targeting the electronic property settlement market, which is valued at $A200 million. Sympli Australia is expected to be up and running by the end of 2018, and will compete with existing market participant Property Exchange Australia, whose shareholders include the big four banks and Link Group. The ASX expects to invest $A30 million in Sympli in the first three years of its operation.

CORPORATES
ASX LIMITED – ASX ASX, INFOTRACK PTY LTD, PROPERTY EXCHANGE AUSTRALIA, LINK ADMINISTRATION HOLDINGS LIMITED – ASX LNK, MACQUARIE GROUP LIMITED – ASX MQG, MARTIN CURRIE INVESTMENT MANAGEMENT LIMITED, RESERVE BANK OF AUSTRALIA

Fortescue mulls move into gold, copper, energy

Original article by Manolo Serapio
The Australian Financial Review – Page: 19 : 28-Sep-17

Fortescue Metals Group CEO Nev Power has revealed that the pure-play iron ore miner is exploring for other minerals in Australia and South America, including gold, copper and lithium. He says Fortescue may further diversify its operations by investing in energy infrastructure projects. Meanwhile, Power expects Chinese demand for iron ore to remain strong, despite pending production cutbacks by some Chinese steel mills. He says demand may rise in regions of China that will not be affected by the production cuts during the winter months.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG

Expansion takes REA into mortgage broking

Original article by Michael Roddan
The Australian – Page: 21 : 28-Jun-17

Australian-listed REA Group will pay $A67m for an 80 per cent stake in mortgage broker Smartline. REA, which owns the realestate.com.au property listings business, has also established a partnership with National Australia Bank to provide mortgage broking services and realestate.com.au-branded home loans. REA forecasts that the acquisition of Smartline and the alliance with NAB will boost group revenue by $A26m to $A30m in fiscal 2018.

CORPORATES
REA GROUP LIMITED – ASX REA, REALESTATE.COM.AU, SMARTLINE HOME LOANS PTY LTD, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, CHOICE HOME LOANS

Officeworks ready to take on Amazon

Original article by Sue Mitchell
The Australian Financial Review – Page: 15 : 16-Jun-17

Officeworks is diversifying away from its traditional office products market as it prepares for Amazon’s arrival in Australia. MD Mark Ward says the areas that it is looking to expand into include parcel delivery, art supplies and business processing, and that the value of the current and potential markets that it is looking to operate in is around $A55 billion. Ward says he was "not disappointed" by parent company Wesfarmers’ decision not to proceed with an initial public offering for Officeworks.

CORPORATES
OFFICEWORKS SUPERSTORES PTY LTD, AMAZON.COM INCORPORATED, WESFARMERS LIMITED – ASX WES, AUSTRALIA POST, STARTRACK COMMUNICATIONS (AUSTRALIA) PTY LTD, COLES GROUP LIMITED, MOULA PTY LTD, STAPLES INCORPORATED, OFFICE DEPOT INCORPORATED

Atlas Iron needs to diversify, says new chief Lawrenson

Original article by Tess Ingram
The Australian Financial Review – Page: 25 : 27-Apr-17

Atlas Iron MD Cliff Lawrenson says the proposed Corunna Downs mine remains the junior iron ore producer’s main priority. He adds that Atlas will seek to lift annual production to around 10-15 million tonnes over the long-term, but he notes that the company may need to diversify its operations to ensure that it avoids the financial problems that nearly caused its collapse in 2014. Rival iron ore producers BC Iron and Mount Gibson Iron are actively seeking to diversify.

CORPORATES
ATLAS IRON LIMITED – ASX AGO, BC IRON LIMITED – ASX BCI, MOUNT GIBSON IRON LIMITED – ASX MGX, KALIUM LAKES LIMITED – ASX KLL, PILBARA MINERALS LIMITED – ASX PLS

Explorers hoping to say the L-word

Original article by Tess Ingram
The Australian Financial Review – Page: 16 : 26-Apr-16

A growing number of Australian-listed resources groups are expanding into the lithium sector or shifting their focus to lithium in order to capitalise on demand for electric vehicles and rechargeable batteries. However, Andrew Shearer of PAC Partners cautions that many prospective lithium players are unlikely to advance to the development or production stages.

CORPORATES
PAC PARTNERS PTY LTD, PETRA CAPITAL PTY LTD, DAKOTA MINERALS LIMITED – ASX DKO, SEGUE RESOURCES LIMITED – ASX SEG, PIONEER RESOURCES LIMITED – ASX PIO, BIRIMIAN GOLD LIMITED – ASX BGS, CAENEUS MINERALS LIMITED – ASX CAD, ARDIDEN LIMITED – ASX ADV, CAZALY RESOURCES LIMITED – ASX CAZ, ARGONAUT RESOURCES FUND PTY LTD, CRUSADER RESOURCES LIMITED – ASX CAS, HANNANS REWARD LIMITED – ASX HNR, EVERLIGHT RESOURCES PTY LTD, KIDMAN RESOURCES LIMITED – ASX KDR, WESTERN AREAS LIMITED – ASX WSA, PATERSONS SECURITIES LIMITED