Historical mine finds old gold in Central Queensland
The Australian Government’s Northern Australia Infrastructure Facility (NAIF) will provide $66 million to reinvigorate an abandoned historical Central Queensland gold mine. Heritage Minerals are planning to breathe new life into the Mount Morgan site by reprocessing old tailings and rehabilitating the site. Operations at Mount Morgan closed in 1990 and the abandoned mine has since…
Singaporean Tech Innovator Signs On For AI Hub In Victoria
The Andrews Labor Government is bringing new businesses and technologies to Victoria from overseas, attracting investments from companies that will create valuable local jobs now and in the future. In Singapore last night, Minister for Trade and Investment Tim Pallas announced that deep-tech company Seventh Sense will establish an artificial intelligence (AI) research and development…
A new golden age for China’s investment sector
“Is China still investible?” is a question we’ve often heard in the market in the past two years, and indeed, rising geopolitical tensions and slowing headline growth, exacerbated by Covid, have raised doubts over the prospects for China’s markets. We are aware of these concerns and may adjust allocations accordingly across asset classes and at…
Australia-India strategic research grants open
Australian researchers can today apply for a share of $6 million in grants to support research collaborations with their counterparts in India. Minister for Industry and Science Ed Husic encouraged Australian researchers to apply as part of Round 15 of the Australia-India Strategic Research Fund (AISRF). “International collaboration is a cornerstone of scientific excellence,” Minister…
Commissioner Sean Hughes to depart ASIC
ASIC Commissioner Sean Hughes will end his term as Commissioner on 3 February 2023, after accepting a role in the commercial sector. ASIC Chair Joe Longo said ‘We are grateful for the contribution Sean has made to ASIC in his role as Commissioner and wish him well in the next stage of his career.’ Mr…
Disney Resort gearing up for Spring Festival celebrations
Shanghai Disney Resort is taking on a new look, featuring special decorations with traditional Chinese elements, as the Spring Festival approaches. The resort kicked off a month of festivities from Jan. 13 to Feb. 10 to celebrate the upcoming Year of the Rabbit. The Spring Festival, or the Chinese Lunar New Year, falls on Jan….
CommSec morning report 17 January 2023
European share markets hit a near 9-month high on Monday. Investor optimism over the global economy and signs that inflation is coming under control boosted shares. Real estate stocks led gains, up 2.1%. The continent-wide FTSEurofirst 300 index lifted 0.4%. And the UK FTSE 100 index was up 0.2%, inching closer to record highs. Asia-focussed…
Evening markets report 16 January 2023
The Australian share market has risen for the eighth time in nine days. The S&P/ASX 200 index rose by 60 points or 0.8 per cent to 8½-month highs. The ASX 200 is up 5 per cent in January. In overseas markets on Friday, investors reacted positively to earnings results from major banks. The key US…
National Radioactive Waste Management Facility
Minister for Resources and Northern Australia, the Hon Madeleine King MP, has visited Kimba to meet with local community members and view the planned site for the National Radioactive Waste Management Facility. The town of Kimba, on South Australia’s Eyre Peninsula, has been involved in more than seven years of consultation on the location of…
Consultation recommences on future regulation of the NBN
The ACCC has today published a consultation paper on NBN Co’s proposed variation to its Special Access Undertaking and is inviting submissions from interested parties. The undertaking provides a framework for the economic regulation of the NBN until 2040, including rules for setting the maximum prices and service standards that NBN broadband providers could expect to receive. The…
