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☆ Australia's Lynas announces planned shutdown of Malaysia ops
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +2 min

A small toy figure and mineral imitation are seen in front of the Lynas Rare Earths logo in this illustration taken November 19, 2021. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsOct 20 (Reuters) - Australia's Lynas Rare Earths (LYC.AX) said on Friday there will be a planned shutdown of all its operations in Malaysia except its mixed rare earth carbonate processing plant in the December quarter. The company also reported a 21.8% fall in first-quarter revenue, hurt by lower product prices and continued accumulation of inventory. The company will implement an upgrade to its downstream operations at Lynas Malaysia to increase production of neodymium-praseodymium to about 10,500 tonnes per annum. ($1 = 1.5808 Australian dollars)Reporting by Echha Jain and Adwitiya Srivastava in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Lynas, Echha Jain, Adwitiya Srivastava, Devika Organizations: REUTERS, Malaysian, Mt, Thomson Locations: Malaysia, Kalgoorlie, Western Australia, China, Bengaluru

☆ Australian Shareholders' Association to vote against Qantas CEO's nomination as director
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Phil Noble///File Photo Acquire Licensing RightsOct 19 (Reuters) - The Australian Shareholders' Association will vote against the nomination of Qantas (QAN.AX) Chief Executive Officer Vanessa Hudson as a director in the company, it said on Thursday. Hudson, who used to be the chief financial officer at the national carrier, was appointed as its first-ever female CEO in May this year, taking over from Alan Joyce. read moreThe carrier is dealing with multiple legal and regulatory actions, which led to the resignation of Joyce and chairman Richard Goyder. The association intends to vote for the nomination of Doug Parker, the former CEO of American Airlines (AAL.O), as a director. Shares of the national carrier are down around 21% on a year-to-date basis.

Persons: Phil Noble, Vanessa Hudson, Hudson, Alan Joyce, Joyce, Richard Goyder, Doug Parker, Archishma Iyer, Mrigank Organizations: Qantas, Melbourne International Airport, REUTERS, Australian Shareholders, Association, American Airlines, Thomson Locations: Melbourne, Australia, Bengaluru

☆ Australia's Lynas announces planned shutdown of Malaysia ops, shares fall
▼ + stars: | 2023-10-19 | by ( Echha Jain | ) www.reuters.com time to read: +3 min

A small toy figure and mineral imitation are seen in front of the Lynas Rare Earths logo in this illustration taken November 19, 2021. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsSummaryCompanies Lynas to conduct planned shutdown of Malaysia opsCo to upgrade NdPr production in Malaysia to 10,500tpaQtrly sales revenue slips 21.8%Shares fall as much as 2.7%Oct 20 (Reuters) - Australia's Lynas Rare Earths (LYC.AX) said on Friday it planned to shut all operations in Malaysia except a mixed rare earth carbonate processing plant in the December quarter, with minimal volumes of the raw material processed during the shutdown. Shares of the miner fell as much as 2.7% to A$6.24 by 0045 GMT, the lowest since May 3. It will implement an upgrade to its downstream operations at Lynas Malaysia to increase production of neodymium-praseodymium (NdPr) to about 10,500 tonnes per annum. NdPr production for the quarter came in at 1,526 rare earth oxide tonnes (REOt), compared with 1,045 REOt a year earlier.

Persons: Dado Ruvic, Lynas, Anwar Ibrahim, Henry Jennings, Echha Jain, Adwitiya Srivastava, Devika Syamnath, Jacqueline Wong Organizations: REUTERS, Co, 10,500tpa, Malaysian, Marcustoday, Thomson Locations: Malaysia, Kalgoorlie, Western Australia, China, Bengaluru

☆ Qantas scraps plan to buy Alliance Aviation amid regulatory hurdle
▼ + stars: | 2023-10-18 | by ( Rishav Chatterjee | ) www.reuters.com time to read: +2 min

Qantas Airways QF100 flight, which marks the airline's 100th birthday, departs from Sydney Airport to fly over Sydney Harbour in Australia, November 16, 2020. Qantas shares fell 2.7% to A$4.7 in early trade, whereas Alliance shed around 1%. He added that Qantas is dealing with a brand crisis, a part of which is tied to perceptions that the company acts anti-competitively. Qantas is not the only airline that is aiming to expand charter service offerings with smaller peer Regional Express Holdings (REX.AX) buying charter operator National Jet Express in July 2022. ($1 = 1.5785 Australian dollars)Reporting by Rishav Chatterjee in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

Persons: Gregg Porteous, Tim Waterer, Kyle Rodda, Rishav Chatterjee, Shailesh Organizations: Qantas Airways QF100, Sydney Airport, Sydney Harbour, Handout, REUTERS, Qantas, Qantas Airways, Aviation Services, Australian Competition, Consumer Commission, Alliance, KCM Trade, Capital.com, Regional Express Holdings, National Jet Express, Thomson Locations: Australia, Bengaluru

Yonatan Manor, president of Boston University Students for Israel, said failure to denounce Hamas was akin to supporting Nazis. Younger Americans are much less likely than older generations to support Israel. Support for Israel has grown among all Americans since 2014, when clashes between Israel and Hamas led to thousands of deaths, the vast majority Palestinians. One member, a Middle Eastern Jewish student at Barnard College who requested anonymity for safety concerns, said the organization's ethos underscores the conflict's complexity. Raffi Ivker, a Jewish student at George Washington University, said he believed neither side "has clean hands."

Persons: Kevin Khadavi, David, Louis, Haniah, –, They've, we've, Israel, Christopher Iacovetti, Nat Turner's, Black, Hadia Khatri, Raffi Ivker, Josh Joffe, Joseph Ax, Gabriella Borter, Jason Lange, Paul Thomasch, Howard Goller Organizations: Columbia University, REUTERS, Stanford University, Washington University, Social, Boston University Students for Israel, Reuters, U.S, University of Chicago, Virginians, Jewish, Eastern, Barnard College, George Washington University, Washington , D.C, Stanford, Thomson Locations: Gaza, New York City, U.S, St, Palestine, Israel, Yonatan Manor, Washington ,, New York, Washington

☆ Virgin Australia's IPO executive David Marr resigns
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: 1 min

Aircraft from Australia's second largest airline, Virgin Australia, sit on the tarmac at the domestic terminal of Sydney Airport in Australia, August 19, 2018. Picture taken August 19, 2018. REUTERS/David Gray/File Photo Acquire Licensing RightsOct 17 (Reuters) - Bain Capital-owned Virgin Australia (IPO-VIR.AX) on Tuesday said its Chief Development Officer David Marr, who was assigned to lead the airline's plans for an eventual initial public offering (IPO), has stepped down from his role. "A significant amount of this work is now complete and while we are committed to an IPO as soon as practicable, the timing of an actual listing is dependent on capital markets conditions," the airline said in an emailed response to Reuters. Reporting by Poonam Behura in Bengaluru; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

Persons: David Gray, David Marr, Poonam, Janane Organizations: Virgin, Sydney Airport, REUTERS, Bain Capital, Virgin Australia, Reuters, Thomson Locations: Australia's, Virgin Australia, Australia, Bengaluru

☆ Corporate Australia takes Indigenous support into its own hands after poll defeat
▼ + stars: | 2023-10-17 | by ( Byron Kaye | ) www.reuters.com time to read: +4 min

[1/2] Voters walk past Vote Yes and Vote No signs at the Old Australian Parliament House during The Voice referendum, in Canberra, Australia, October 14, 2023. At an Oct. 14 referendum, Australians overwhelmingly voted down a proposal to create a constitutionally-protected Indigenous parliamentary advisory body, known as the Voice. Without a political solution, it is now up to the companies themselves to pursue strategies to address entrenched disadvantage in Australia's 3.8% Indigenous population, corporate leaders and political researchers said. Indigenous reconciliation remains largely unresolved in Australia which, unlike New Zealand, Canada and the U.S., never signed a treaty with its first inhabitants after European arrival. The companies could now "take meaningful corporate actions to close the gap, such as by hiring and retaining Indigenous staff and systematically co-designing projects that impact Indigenous Australians," she added.

Persons: Tracey Nearmy, there's, Rob Scott, Scott, Geraldine Slattery, Ross Piper, it's, Intifar Chowdhury, Estelle Parker, Byron Kaye, Melanie Burton, Sonali Paul Organizations: Old Australian, House, The, REUTERS, Rights, Kmart, Target, Airline Qantas, First Nations, BHP, Australia, Australian, Australian National University, Responsible Investment Association Australasia, Thomson Locations: Canberra, Australia, New Zealand, Canada, U.S, Melbourne

☆ Posco-backed group invests in lithium technology startup EnergyX
▼ + stars: | 2023-10-17 | by ( Ernest Scheyder | Thomson Reuters | Ernest Scheyder Is An Award-Winning Senior Correspondent Covering The Green Energy Transition | ) www.reuters.com time to read: +3 min

Posco, which invests through those funds, will work with EnergyX to help its technology reach commercial production, the companies said. The companies declined to say how much of the EnergyX Series B that the consortium is funding. Reuters reported in April that the EnergyX Series B is being led by General Motors (GM.N). Allkem (AKE.AX), Livent (LTHM.N) and others produce lithium nearby. In addition to working with Posco, EnergyX is looking for Argentine brine deposits to purchase, Egan said, though he declined to be more specific.

Persons: Kim Hong, EnergyX, Jaeho Rhee, Posco's Sal, Teague Egan, Posco, Egan, China's CATL, Ernest Scheyder, Stephen Coates Organizations: REUTERS, South, Posco Holdings, EnergyX, Elohim Partners, IMM Investment, Reuters, General Motors, EnergyX's, GM, Thomson Locations: Seoul, South Korea, KS, Argentina, Oro, Argentina's Salta Province, Posco's, Posco, Chile, Bolivia, South

[1/3] A view of a sign supporting Democratic candidate for Virginia State Senate District 27 Joel Griffin on a lawn in Stafford, Virginia, U.S. October 3, 2023. Democrats argue even a 15-week limit is unacceptable and warn that Republicans might seek to restrict abortion further in the future. Every seat in the state Senate and House is on the ballot in November, and control in each chamber is likely to come down to a handful of competitive districts. Like other Democrats in the state, Griffin has made protecting abortion rights a pillar of his campaign. Reporting by Gabriella Borter in Stafford, Virginia and Joseph Ax in New York Editing by Colleen Jenkins and Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

Persons: Joel Griffin, GABRIELLA BORTER, Britainy Riggins, Riggins, Griffin, forestalling, Glenn Youngkin's, Donald Trump, Todd Gilbert, Susan Swecker, Monica Gary, Tara Durant, AdImpact, Griffin's, Durant, Zack Roday, Mary Jane Mitchell, Roe, Gabriella Borter, Joseph Ax, Colleen Jenkins, Aurora Ellis Organizations: Democratic, Virginia State, District, REUTERS, U.S, Virginia Republicans, Republican, Gallup, Democratic Party, States, Virginia Public, Republicans, Marine Corps, Twitter, Reuters, Youngkin's PAC, Democrat, Air Force, Wade, Thomson Locations: Stafford , Virginia, U.S, STAFFORD , Virginia, Republican, Virginia, U.S ., Stafford, New York

☆ Space sector investors followed government contracts in the third quarter, report says
▼ + stars: | 2023-10-16 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

Investment in the space sector, especially from venture capital, is consistently flowing into companies that are pursuing and winning government contracts, according to a report Monday by New York-based Space Capital. The firm's third quarter report found that space infrastructure companies brought in $1.6 billion of private investment during the third quarter. The quarterly Space Capital report divides investment in the industry into three technology categories: infrastructure, distribution and application. Venture capital accounted for 50% of the third quarter's investment in space infrastructure, tracking with the historical trend of VCs representing the primary contributors to space investment. Space Capital highlighted the trend of companies and investors chasing government funds as apparent in sub-sectors within space infrastructure, particularly in emerging markets such as space stations and the moon.

Persons: Chad Anderson, Anderson, it's Organizations: International Space Station, Investment, New, Space Capital, CNBC, Space, Infrastructure, Venture, Logistics Locations: New York

☆ Tycoon’s lithium grab leaves investors hanging
▼ + stars: | 2023-10-16 | by ( Antony Currie | ) www.reuters.com time to read: +4 min

Australia’s richest person has stifled Albemarle’s (ALB.N) A$6.6 billion ($4.2 billion) pursuit of lithium producer Liontown Resources (LTR.AX) with deft use of the country’s takeover rules. At A$3 a share, the offer represented a near-100% premium to Liontown’s undisturbed price. And because she never paid more than the A$3 a share Albemarle put on the table, her share purchases did not count as a superior offer. CONTEXT NEWSU.S.-based lithium producer Albemarle on Oct. 16 said it has abandoned its A$6.6 billion ($4.2 billion) offer for smaller Australian rival Liontown Resources, citing “growing complexities associated with the proposed transaction” as a reason. The firm said that in building its stake it never paid more than A$3 per share, the same price as Albemarle’s takeover offer.

Persons: Gina Rinehart, Kent Masters, Rinehart, Albemarle, Masters, Liontown, Kathleen, It’s, Hancock, Lisa Jucca, Katrina Hamlin, Thomas Shum Organizations: MELBOURNE, Reuters, Liontown, Kent, Liontown Resources, Thomson Locations: Western Australia, Hancock, Liontown

☆ Albemarle pushed into corner, dumps $4.2 billion lithium play for Liontown
▼ + stars: | 2023-10-15 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Ernest Scheyder/File Photo Acquire Licensing RightsMELBOURNE, Oct 16 (Reuters) - U.S.-based miner Albemarle (ALB.N) said it had dumped a A$6.6 billion ($4.16 billion) buyout bid for Australian lithium developer Liontown Resources (LTR.AX), in part because of "growing complexities" around the transaction. Liontown went into trading halt just after making the announcement to the market, pending a finalisation of funding for its flagship Kathleen Valley lithium project in Western Australia, which is due to start producing lithium next year. Liontown had last week granted the world's biggest lithium chemical maker an extra week to examine its books and allow Albemarle to put forward a binding offer. "Our engagement with the Liontown team has been meaningful and productive. Hancock has not yet approached Liontown which until now has been under an exclusivity deal with Albemarle, the source added.

Persons: Ernest Scheyder, Albemarle, Hancock, Gina Rinehart, Liontown, Kathleen Valley, Kent Masters, Melanie Burton, Scott Murdoch, Rishav Chatterjee, Lisa Shumaker, Sandra Maler, Jamie Freed Organizations: REUTERS, Rights, Liontown Resources, Ford Motor, LG Energy, Thomson Locations: Silver, , Nevada, U.S, Albemarle, Western Australia, Melbourne, Sydney, Bengaluru

[1/2] A ‘No’ sign sits in front of the Tent Embassy near the Old Australian Parliament House as voters arrive during The Voice referendum, in Canberra, Australia, October 14, 2023. An Australian referendum requires a majority vote in at least four of its six states, as well as nationally. Ultimately, no state supported the "Voice" and the national vote was 40% "Yes" to 60% "No", according to preliminary counting. After the votes were counted, Dutton said his party supported Indigenous reconciliation but he made no mention of an alternative measure. Albanese, asked on Saturday why the vote had failed, said no referendum had succeeded without bipartisan support.

Persons: Tracey Nearmy, Anthony Albanese, Kos Samaras, Matt Qvortrup, Peter Dutton, Dutton, Timothy Graham, Graham, Cate Blanchett, Russell Crowe, Chris Hemsworth, Jason Mamoa, Shaquille O'Neal, Samaras, Donald Trump, Paul Smith, Smith, Albanese, Qvortrup, Byron Kaye, Praveen Menon, Edmund Klamann Organizations: Tent Embassy, Old Australian, House, REUTERS, Rights, Labor, Redbridge Group, Australian National University, Liberal Party, Queensland University of Technology, Qantas, NBA, Labor Party, U.S, European Union, Liberal, Thomson Locations: Tent, Canberra, Australia

☆ Aussie lender ANZ loses case over troubled 2015 share placement worth $1.6 billion
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +2 min

"The landmark case reaffirms the importance of the continuous disclosure rules to maintain market integrity," the ASIC said in a statement on Friday. "The decision also confirms that a significant take-up of shares by underwriters in a capital raising may be considered price sensitive information requiring market disclosure." The maximum penalty under the court decision is A$1 million, ANZ said. The bank is reviewing the court judgement, it said, while the securities regulator said it would now make submissions on appropriate penalties. ($1 = 1.5838 Australian dollars)Reporting by Sameer Manekar in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

Persons: Steven Saphore, Sameer Manekar, Rashmi Organizations: New Zealand Banking Group, ANZ, REUTERS, Australia's ANZ, underwriters, Australian Securities and Investments Commission, Citigroup Inc, Deutsche Bank AG, Australian Competition, Consumer Commission, Thomson Locations: Australia, Sydney, Bengaluru

After the Palestinian militant group Hamas' weekend attack on Israel, Israel has bombarded and laid siege to the Gaza Strip, controlled by Hamas, and plans a ground invasion. There have been reports of harassment and assaults of both pro-Israel and pro-Palestinian students, deepening grief and putting students of all political stripes on high alert. In a sign of the tensions, some counter-protesters at Columbia shouted angrily at the pro-Palestinian group. Many faulted the university for not expressing more support for Palestinian students and the people of Gaza. Tensions sparked anew at campuses on Thursday as the national group Students for Justice in Palestine (SJP) declared a "day of resistance," with demonstrations by its 200 chapters at colleges across North America.

Persons: tensely, Israel, David Hidary, SJP, Gabriella Borter, Joseph Ax, Andrew Hay, Paul Thomasch, Cynthia Osterman Organizations: Columbia University, Israel, New, Hamas, Kan, Columbia, Palestine, Palestinian, REUTERS, Harvard University, Harvard Crimson, Students for Justice, Defamation League, Justice, University of Arizona, University of California Los, Georgetown University, Washington , D.C, Thomson Locations: New York City, Israel, Gaza, U.S, Palestine, North America, Hamas, Tucson, University of California Los Angeles, Washington ,, Washington, New York, Taos , New Mexico

About 100 feet (30 meters) away, students backing Israel silently held up posters with the faces of Israeli hostages taken by Hamas. After the Palestinian militant group Hamas' weekend attack on Israel, Israel has bombarded and laid siege to the Gaza Strip, controlled by Hamas, and plans a ground invasion. Many faulted the university for not expressing more support for Palestinian students and the people of Gaza. Prominent alumni lambasted a joint student group statement calling Israel "entirely responsible" for the war. Tensions sparked anew at campuses on Thursday as the national group Students for Justice in Palestine (SJP) declared a "day of resistance," with demonstrations by its 200 chapters at colleges across North America.

Persons: tensely, Israel, David Hidary, SJP, Gabriella Borter, Joseph Ax, Andrew Hay, Paul Thomasch, Cynthia Osterman Organizations: University of Arizona, Students for Justice, Columbia University, Israel, New, Hamas, Kan, Columbia, Palestine, Palestinian, REUTERS, Harvard University, Harvard Crimson, Defamation League, Justice, University of California Los, Georgetown University, Washington , D.C, Thomson Locations: Palestine, New York City, Israel, Gaza, U.S, North America, Hamas, Tucson, University of California Los Angeles, Washington ,, Washington, New York, Taos , New Mexico

☆ Australia's CSL tanks as Novo Nordisk's kidney trial success stokes competition concerns
▼ + stars: | 2023-10-12 | by ( Archishma Iyer | ) www.reuters.com time to read: +1 min

Oct 12 (Reuters) - Shares of biotechnology firm CSL (CSL.AX) fell to a four-year low on Thursday, after rival Novo Nordisk's (NOVOb.CO) Ozempic drug showed early signs of success in delaying the progression of kidney disease in diabetes patients. Shares of CSL closed 5.7% lower at A$239.77, their lowest since Oct. 10, 2019, after falling 6.7% earlier in the session. The stock also marked its worst intraday session in four months and was the top loser on the benchmark. CSL's Vifor segment, which includes therapies for kidney diseases and iron deficiencies, faces concerns of competition in the segment after Ozempic's early trial success, analysts said. Reporting by Archishma Iyer in Bengaluru; Editing by Varun H KOur Standards: The Thomson Reuters Trust Principles.

Persons: Novo, Shane Ponraj, Morningstar, Tim Waterer, Archishma Iyer, Varun Organizations: CSL, Novo Nordisk's, CSL Vifor, Novo Nordisk, KCM Trade, Sonic Healthcare, Thomson Locations: Danish, Bengaluru

☆ Tesla whistleblowers filed a complaint to the SEC in 2021, but the agency never interviewed them. Here's what the complaint said
▼ + stars: | 2023-10-12 | by ( Lora Kolodny | ) www.cnbc.com time to read: +22 min

With a "goodwill" repair, Tesla essentially foots the bill for labor, parts or accessories given to keep a customer happy. "Were Tesla to accurately categorize its 'goodwill' repairs as warranty repairs, it would likely need to restate earnings for every quarter since at least 2017," the tipsters wrote in their submission. In one example, the tipsters said screenshots showed other Tesla employees changed the status of material used in manufacturing from "scrap" to "work in progress." In another example, the complaint said screenshots showed Tesla employees had manually changed the status of "used" cars to "new" in a program that tracked vehicle deliveries data. In correspondence to the agency expanding on their complaint, the whistleblowers alleged this raises questions about the firm's independence and objectivity in judging Tesla's financials.

Persons: Brandon Bell, Elon, Tesla's, Tesla, Musk, Ann Lipton, Lipton, Karen Nelson, Nelson, Nicholas Parks, it's, Oxley, restate financials Organizations: Getty, U.S . Securities, Exchange Commission, SEC, PricewaterhouseCoopers, CNBC . Agency staff, CNBC, Twitter, Tulane Law School, University of Chicago Law School, Securities, Sarbanes, Oxley, Texas Christian University, Public Company, Tesla, Parks, Nelson, Business, Exchange, Board, SpaceX, The Boring, California Alternative Energy, Transportation Financing Authority Locations: Austin , Texas, Tesla, California, U.S, Delaware

☆ Australian billionaire Gina Rinehart accumulates 19.9% stake in Albemarle target Liontown
▼ + stars: | 2023-10-11 | by ( Scott Murdoch | Thomson Reuters | Scott Murdoch Has Been A Journalist For More Than Two Decades Working For Thomson Reuters | ) www.reuters.com time to read: +1 min

Gina Rinehart poses in Western Australia in this undated handout photo obtained January 23, 2018. Hancock Prospecting/Handout via REUTERS/File Photo Acquire Licensing RightsSYDNEY, Oct 11 (Reuters) - Australian billionaire Gina Rinehart has taken a 19.9% stake in lithium miner Liontown Resources (LTR.AX), her company Hancock Prospecting said on Wednesday, potentially hindering a takeover bid launched by U.S. mining giant Albemarle Corp (ALB.N). Hancock has steadily built its stake since September, when Albemarle Corp lodged its bid for Liontown. The U.S. miner needs 75% support from Liontown investors who vote on the deal to succeed with its bid. Under Australian takeover rules, a single shareholder must declare its intention if its stake moves above 19.9%.

Persons: Gina Rinehart, Hancock, Albemarle's, Scott Murdoch, Jacqueline Wong, Simon Cameron, Moore Organizations: REUTERS, Rights, Corp, Albemarle Corp, Liontown, Australian, Thomson Locations: Western Australia, U.S, Albemarle

Used copper wires are seen in a recycling company in Thoerishaus near Bern July 3, 2011. Copper producers increasingly want to share the risk and costs of projects, and the sector has already seen a jump in M&A activity, which more than doubled year-on-year to $14.24 billion in 2022. Miner and trader Glencore (GLEN.L) has been approached by potential investors in its Argentine copper projects Minera Agua Rica Alumbrera (Mara) and El Pachon, two sources said. According to Argentine government data, the projects could produce a combined 435,000 tonnes of copper a year. Both sources declined to be named because the information is not public.

Persons: Ruben Sprich, Glencore, Mara, El, Canada's Lundin, Jack Lundin, Lundin, Hudbay, EY, Paul Mitchell, Farid Dadashev, Clara Denina, Divya Rajagopal, Julian Luk, Veronica Brown, Jan Harvey Organizations: REUTERS, Sumitomo Metal Mining, Sumitomo, Reuters, BHP Group, BHP, Santo Domingo, Hudbay, Capstone, Taca Taca, Global Mining, Metals, RBC Capital Markets, Thomson Locations: Thoerishaus, Bern, Miner, Agua Rica, Argentine, Josemaria, Chile, Santo, Arizona, Rio Tinto's, Peru, Argentina

☆ Qantas overhaul gets stuck on tarmac
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

Qantas Airways QF100 flight, which marks the airline's 100th birthday, departs from Sydney Airport to fly over Sydney Harbour in Australia, November 16, 2020. Gregg Porteous/Destination NSW/Handout via REUTERS Acquire Licensing RightsMELBOURNE, Oct 11 (Reuters Breakingviews) - Qantas Airways (QAN.AX) customers are already used to interminable waits due to postponed or cancelled flights and lost luggage. Now the $5.4 billion airline has shunted its much-needed governance overhaul into an unnecessary holding pattern. On Wednesday Qantas said Richard Goyder is stepping down after five years as chair along with two other directors who have been on the board for a decade. And Goyder intends to remain in the cockpit until just before the company’s annual meeting in over a year’s time.

Persons: Gregg Porteous, –, Richard Goyder, Alan Joyce, Jaqueline Hey, Maxine Brenner, Goyder, Antony Currie, Una Galani, Thomas Shum Organizations: Qantas Airways QF100, Sydney Airport, Sydney Harbour, Handout, REUTERS Acquire, Rights, Reuters, Qantas Airways, Wednesday Qantas, Qantas, X, Alstom, Thomson Locations: Australia, Brussels

☆ Qantas Chairman Richard Goyder to exit late next year
▼ + stars: | 2023-10-10 | by ( Rishav Chatterjee | ) www.reuters.com time to read: +2 min

Qantas aircraft are seen on the tarmac at Melbourne International Airport in Melbourne, Australia, November 6, 2018. REUTERS/Phil Noble///File Photo Acquire Licensing RightsSummaryCompanies Goyder to retire in late 2024 prior to AGMQantas' recovery after pandemic has not been easy - GoyderOct 11 (Reuters) - The chairman of Australia's Qantas Airways (QAN.AX), Richard Goyder, will leave the flag carrier in late 2024, the company said, as the embattled airline looks to rebuild its tarnished reputation. Goyder had indicated support from the company's biggest shareholders in his appearance in front of the committee. "As a board, we acknowledge the significant reputational and customer service issues facing the group and recognise that accountability is required to restore trust," Goyder said. Qantas said it has initiated the process to pick a new chairman.

Persons: Phil Noble, Richard Goyder, Goyder, Alan Joyce, Josh Gilbert, Josh, Rishav Chatterjee, Maju Samuel Organizations: Qantas, Melbourne International Airport, REUTERS, Qantas Airways, company's, High, Australia, eToro AUS, Thomson Locations: Melbourne, Australia, Bengaluru

☆ Origin Energy shares surge after regulator clears Brookfield's $9.8 bln bid
▼ + stars: | 2023-10-09 | by ( Scott Murdoch | トムソンロイター | Scott Murdoch Has Been A Journalist For More Than Two Decades Working For Thomson Reuters | ) www.reuters.com time to read: +4 min

Australian Super, the largest investor, raised its stake to 14% last month and called the shares undervalued. Perpetual, a major Australian fund manager and Origin shareholder, has pushed Brookfield and its partner, U.S. private equity firm EIG, to consider raising their offer to win Origin, according to local media reports. Origin shares jumped to A$9.19 in early trading, well above the A$8.91 per share price of the consortium bid lodged in March, on speculation a higher offer could be forthcoming. Under the consortium deal, Origin will be broken up into two businesses, with its energy markets arm including its electricity generation and electricity and gas retail businesses to be acquired by Brookfield. Brookfield would also be prohibited from selling more than 10% of either Origin or AusNet in the future to one party.

Persons: Dado Ruvic, Max Vickerson, I'm, Vickerson, Newmont, Gina Cass, Gottlieb, Brookfield, Scott Murdoch, Jamie Freed 私 Organizations: Brookfield, REUTERS, SYDNEY, Origin Energy, Brookfield Corp, Australian Competition, Consumer Commission, stockbroker Morgans, Perpetual, Newcrest Mining, Energy, ACCC, AusNet Services Locations: Australian, Brookfield, Australia, Victoria

☆ Australia's EcoGraf considers battery anode material facility development in Vietnam
▼ + stars: | 2023-10-08 | by ( ) www.reuters.com time to read: +1 min

Oct 9 (Reuters) - Australia's EcoGraf (EGR.AX) said on Monday it would evaluate prospects of developing a battery anode material (BAM) facility in Vietnam in collaboration with local lithium-ion battery manufacturer VinES Energy Solutions (VinES). The Australian graphite producer will support VinES with its U.S.-patented BAM processing technology, whereas VinES, a member of the Vin Group, will provide its services to support EcoGraf's expansion plans in the United States. EcoGraf will evaluate the potential to combine a localised graphite material supply in Vietnam with future feedstock from its Epanko project in Tanzania, the company said in a statement. "The agreement provides for a phased evaluation programme under which VinES and EcoGraf will initially assess and qualify local Vietnam graphite suppliers, with a view to incorporating domestic production into the supply chain," EcoGraf said. The companies will enter a binding agreement to jointly develop a battery anode supply chain in Vietnam with further options for certain financing, investments and product offtake agreements.

Persons: EcoGraf, Echha Jain, Kim Coghill, Subhranshu Organizations: Energy, Vin, Thomson Locations: Vietnam, United States, Tanzania

REUTERS/Paul Ratje/File Photo Acquire Licensing RightsOct 6 (Reuters) - A New Mexico judge on Friday rejected a Republican challenge to the state's Democratic-drawn congressional lines, improving the odds Democrats will maintain their hold on all three of the state's districts in next year's election. The Republican state party, which brought the lawsuit, said it would appeal the decision with the New Mexico Supreme Court. "The legislature intended to and, in fact, did egregiously gerrymander the congressional maps," said state Republican party chairman Steve Pearce in a statement. Earlier this week, a federal court approved new congressional lines for Alabama after finding a Republican-created map illegally hurt Black voters. The U.S. Supreme Court is scheduled to hear arguments next week over whether South Carolina's Republican-drawn congressional map unlawfully diluted the power of Black voters.

Persons: Paul Ratje, Fred Van Soelen, Gabe Vasquez, Van Soelen, egregiously, Steve Pearce, Joseph Ax, Andrew Hay, Colleen Jenkins, David Gregorio, Chris Reese Organizations: Center, REUTERS, Republican, Democratic, U.S . House, Judicial, District, Democrat, Democrats, New, New Mexico Supreme, The U.S, Supreme, South Carolina's Republican, Thomson Locations: Dona Ana, Las Cruces , New Mexico, U.S, Mexico, New Mexico, Alabama, The

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