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Whitehaven stumble brings Tinkler tensions to the boil Save Share Shareholders past and present say the leadership of Whitehaven Coal has lost trust after two downgrades in the space of 24 days were punctuated by a $1.7 million share sale by managing director Paul Flynn. Fresh geology problems at Whitehaven’s Narrabri mine hit sales volumes, product quality and received prices, triggering a massive selldown and calls for leadership change from the man who was once Whitehaven’s biggest shareholder, Nathan Tinkler. The billionaire turned bankrupt was not alone in voicing concern, with Tribe...

Lex Greensill, Sanjeev Gupta, who’d have guessed! Save Share Quite easily the most remarkable part of Greensill Capital’s collapse is that it took this long. For years Lex Greensill was warmly lit by newspaper profiles depicting the boy from Bundaberg ingeniously subverting the gravity of supply chain finance. It somehow failed to register that Babylonian traders used invoice factoring before Hammurabi had even built the walls around them. Besides its spurious exceptionalism, the most suspect element of Greensill Capital was its entwinement with Sanjeev Gupta’s equally irregu...

April 20, 2021 You are here: Home / Australia / China Crisis: Beijing’s Ban On Australian Coal Leaves Millions Freezing In The Dark China Crisis: Beijing’s Ban On Australian Coal Leaves Millions Freezing In The Dark Millions of Chinese are learning just how important coal-fired power is to their health, safety and comfort, thanks to Beijing’s ban on Australian coal imports. High-quality Australian coal has helped fuel China’s miraculous industrial growth over the last generation. But the escalation of a trade spat between the PRC and the Morrison led Federal Government over the origi...

Last modified on Fri 1 Jan 2021 21.54 EST A former senior Howard government media adviser has been awarded a $190,000 public relations contract with Australia’s bushfire recovery agency without a full tender process. Guardian Australia can reveal Richard Forbes, who was an adviser to the former deputy prime minister and Nationals leader Mark Vaile, is being paid to produce videos documenting the recovery of communities affected by the “black summer” bushfires. A contract notice published on the government’s AusTender website on Christmas Eve says the deal with Forbes’s company, Forb...

Charm and disarm: Farm boy Dan Tehan embarks on diplomatic challenge We’re sorry, this service is currently unavailable. Please try again later. Dismiss Charm and disarm: Farm boy Dan Tehan embarks on diplomatic challenge Normal text size Advertisement Behind Dan Tehan’s country drawl is a man well versed in diplomacy, political theory and international relations. In a decade in federal Parliament he has managed to avoid drawing attention to the fact he’s actually an establishment figure, born into the Liberal Party, politics and schooled in Melbourne’s influential Catholic network. D...