Govt s Handling of Mining Agreement Under Scrutiny
A document seen by TOLOnews indicates that the Afghan government has signed a five-year “framework agreement” with an Australian company, giving it access to gold, copper, iron, lithium, and other rare mineral resources in the country, but critics say the document places too many obligations on the government while failing to specify the Australian firm’s obligations.
Despite some optimism about bringing in a company like Fortescue, which is a major international mining entity with a market capitalization of almost A$70B (US$56 billion), some analysts question the way the agreement has been negotiated and awarded to the Australian firm.
Turnbull and ex-spy chief join Twiggy Forrest s global renewable hydrogen push reneweconomy.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reneweconomy.com.au Daily Mail and Mail on Sunday newspapers.
Recovery central theme for Sonic, Fortescue and Cochlear
Analysts like the likely improvements in base volume testing for the lab company and Cochlearâs generous dividend but are concerned about cost blowouts at the iron ore miner.
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Sonic Healthcare
Industry background: Sonic is the worldâs third-largest medical laboratory company, operating in eight countries. Its biggest market is the United States, which makes up 27 per cent of revenue. Germany this year overtook Australia as its second biggest market. The group also operates radiology centres and a primary care business.
The result: First-half revenue increased 34 per cent, underpinned by surging COVID-19 PCR testing around the globe and more than offsetting a modest decline of 1 per cent in the base business. Imaging was also surprisingly robust with revenue growth of 14 per cent, indicating it is likely taking market share. Underlying earnings before interest, tax, depreciation and amortisation (EBITDA
Former Australian Prime Minister Malcolm Turnbull has joined Fortescue Metals Group's new green energy development company as chairman of its Australian unit, the iron ore miner said on Tuesday.
Andrew Forrest’s Fortescue Metals Group has hired the former prime minister and an ex-intelligence chief a week after committing 10 per cent of profits to renewable energy projects.