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The federal government on Friday announced it would legislate a national Net Zero Authority to ensure the workers, industries and communities that have powered Australia for generations can seize the opportunities of Australia’s net zero transformation. The Authority will have responsibility for promoting the orderly and positive economic transformation associated with achieving net zero emissions, supporting workers in emissions-intensive sectors to access new employment, skills and support as the net zero transformation continues.

A video round up of this week’s magazine, highlighting our cover story, features and Business Leader.

Lithium’s dramatic price slump has mining heavyweights chasing takeovers of companies with early stage or pre-production projects. But one giant is warning that offering high premiums for smaller miners comes with risks. Rio Tinto Group CEO Jakob Stausholm said he’s “cautious” about acquisitions at current valuations, despite the world’s second-biggest miner wanting to grow its nascent lithium business.

The resources sector has welcomed the Queensland government’s response to the GasField Commission Queensland (GFCQ) Report into coal seam gas- (CSG-) induced subsidence. The state government this week said that six of the recommendations by the review would be supported, while the remaining two would be supported in principle, subject to further investigation.

Takeover target Breaker Resources has announced board changes amid a takeover from gold miner Ramelius Resources. With Ramelius gaining a majority interest in Breaker, non-executive directors Linton Putland, Mike Kitney, Mark Edwards and Eric Vincent have resigned from the Breaker board with immediate effect, while Ramelius would appoint three representative directors to manage its controlling interest.