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Sky News Australia wins Media Man 'News Outlet Of The Month' award again

 

Markets And Cryptos

Jan 19, 2026
Sydney to New York

Mining For Intel Edition

Summary

ASX futures down 3 points/0.1%: 8901
AUD flat: US66.84¢
Bitcoin $95,469.59 +0.34%
Dow -0.2% S&P -0.1%
NAS -0.1%
Gold -0.4% to $US4596.09 an ounce
Oil +0.2% at $US62.61 a barrel
Iron ore -1.0% at $US106 a ton

News

Markets and Commodities

Numbers Double Check

Australian Dollar: $0.6671 USD (down $0.0030 USD)
Iron Ore: $106.00 USD (down $1.20 USD)
Oil Price: $59.44 USD (up $0.39 USD)
Gold Price: $4,596.34 USD (down $18.09 USD)
Copper Price): $5.8485 USD (down $0.1405 USD)
Dow Jones: 49,359.33 (down 83.11 points)

News/Snapshot

Commodities

Commodities are basic, standardized raw materials or primary products like oil, gold, wheat, or coffee, valued for their interchangeability and used as inputs for production or as investment assets, traded globally on exchanges for their inherent value rather than brand, with main categories being energy, metals, and agriculture.

Key Characteristics

Fungible: One unit is essentially identical to another (e.g., a barrel of West Texas Intermediate crude oil).
Raw/Primary: Usually found in nature or minimally processed (e.g., iron ore, raw cotton).

Standardized: Grades and qualities are uniform, allowing for broad trading.

Main Categories

Energy: Crude oil, natural gas, gasoline.
Metals: Precious (gold, silver) and base (copper, aluminum, iron ore).

Agriculture (Softs): Grains (wheat, corn), coffee, cocoa, sugar, livestock.

How They're Traded

Commodity Exchanges: Centralized markets where futures (contracts for future delivery) and options are traded.

Spot Markets: Buying/selling the physical commodity for immediate delivery.

Participants: Producers (hedging), speculators (profit/diversification), and consumers.

Why They Matter

Inflation Hedge: Can protect against rising prices.
Economic Indicator: Prices reflect global supply/demand, economic growth, and policy.

Foundation of Finance: The oldest form of financial trading.

News

Streaming Business

Netflix Fourth Quarter Earnings

Netflix is currently embroiled in one of the most gripping media dramas in recent memory as it tries to acquire Warner Bros. Discovery and ward off competing bids for the famed studio from Paramount Skydance.

Netflix's bid to acquire Warner Bros. Discovery's streaming and studio assets still remains the company's preferred deal. Though Bloomberg last week reported that the streaming giant was preparing to sweeten its takeout bid to make it an all-cash offer, matching some of the terms of Paramount Skydance's proposal to acquire Warner Bros. Discovery. Netflix's proposal does not include the company taking on Warner Bros. Discovery's cable and news businesses, which Paramount's bid does.

Media Shares (Before The Bell)

Jan 16

Netflix Price:
88.44 +0.44 (+0.50%)

Paramount Skydance Corporation (PSKY)
11.92 +0.12 (+1.02%)

Warner Bros. Discovery, Inc. (WBD)
28.52 -0.06 (-0.21%)

News/Snapshot

Streaming Wars

In 2026, the term "Streaming Wars" describes the intense competition among digital platforms to dominate audience attention and market share. While once a battle for subscriber numbers, the conflict has evolved into a race for profitability, engagement time, and effective bundling.

Netflix's Dominance: Many analysts consider the "original" streaming wars over, with Netflix emerging as the clear winner in terms of global reach (over 282 million subscribers) and consistent profitability.

Major Consolidation: Recent major shifts include Netflix's late 2025 acquisition of Warner Bros. Discovery’s studio and content assets (including Max/HBO) for $83 billion.

The "New" Rivalry: The primary battleground has shifted from Netflix vs. Disney+ to Netflix vs. YouTube, as platforms now compete for total "share of the screen" and time spent.

News

TKO

(After Hours/Before The Bell)

TKO Group Holdings Inc $203.27 -5.45 -2.61%

News/Snapshot

Hancock Prospecting Pty Ltd

Hancock Prospecting Pty Ltd (HPPL) is a privately owned Australian mineral exploration and agriculture company headquartered in Perth, Western Australia. As of 2026, it is recognized as one of the most successful private companies in Australian history.

Leadership and Ownership

Executive Chairwoman: Gina Rinehart AO, who has led the company since 1992.

CEO: Garry Korte.

Ownership: The company is owned by Gina Rinehart (76.6%) and the Hope Margaret Hancock Trust (23.4%).

Major Mining Operations

The company has transitioned from a prospecting firm into a major global miner, with primary interests in the Pilbara region:

Roy Hill: A flagship mega-project and Australia’s largest single iron ore mine, producing 60–70 million tonnes annually.

Hope Downs: A 50/50 joint venture with Rio Tinto, comprising four open-pit mines with a capacity of approximately 47Mtpa.

Atlas Iron: Acquired in 2018, it operates the Mount Webber, Sanjiv Ridge, and Miralga Creek mines.

Hancock Iron Ore: A new entity formed in July 2025 to consolidate Roy Hill and Atlas Iron operations.

Diversification and Strategic Investments

Under Rinehart’s leadership, the company has expanded significantly into other sectors:

Agriculture: Hancock is Australia's second-largest beef producer, owning over 25 properties including the iconic S. Kidman & Co. It also owns 50% of Bannister Downs Dairy.

Critical Minerals: Major stakes in lithium (Liontown Resources, Azure Minerals, Vulcan Energy) and rare earths (Arafura Rare Earths, MP Materials, Lynas Rare Earths).

Energy: Significant interests in oil and gas through Warrego Energy and Senex Energy.

International Ventures: In January 2026, the company signed a gold exploration license agreement with Saudi Arabia's state-owned miner, Ma’aden.

Current Events (January 2026)

Australia Day Sponsorship: The company is the principal partner for the 2026 Hancock Prospecting Australia Day celebrations in Perth.

Helipad Proposal: In December 2025, the City of Perth refused the company's proposal to build a helipad at its West Perth headquarters.

Financial Performance: For the 2025 fiscal year, the company reported a profit of AU$3.08 billion.

History

The company was founded on November 25, 1955, by Lang Hancock, who is credited with discovering the world's largest iron ore deposit in 1952. When Gina Rinehart took over following his death in 1992, the company was in a precarious financial state with significant debt.

News

Jan 19

'Red hot' miners to drive gains: Liu

The share prices of BHP, Rio Tinto and Fortescue have risen by more than 20 per cent in the last year, and Ten Cap's co-founder Jun Bei Liu expects them to post further share price gains during the first half of 2026. However, Liu forecasts a strong performance across Australia's mining sector, and is particularly bullish about copper, aluminium and gold producers. However, Liu is cautious about the outlook for bank stocks and real estate investment trusts that have exposure to the commercial propperty sector. (RMS)

News

Glasenberg's wealth tops $21b on Rio-Glencore mega-merger talks

Ivan Glasenberg was CEO of Glencore from 2002 to 2021, with the South African-born Glasenberg being an Australian citizen and owning 10 per cent of Glencore. With shares in Glencore having surged since talk of a possible merger with Rio Tinto became public, Glasenberg's personal wealth has now topped $21 billion, making him currently the fourth-richest person in Australia, with only Gina Rinehart, real estate mogul Harry Triguboff and packaging businessman Anthony Pratt and family ahead of him. (RMS)

News

Rio, Glencore coal spin-off could offer 'cleaner' business

Glencore is proposing a $300 billion merger with Rio Tinto, with fund managers stating that Glencore spinning off its coal assets would result in a "cleaner" business post-merger that would be focused on copper and iron ore. Glencore has coal mines in NSW, Queensland, Central Africa and Latin America, and they could be worth tens of billions of dollars, while if they were spun off as an ASX company, they would be competing with Whitehaven Coal and New Hope Corporation for investor attention. (RMS)

News

AWS backs Rio's new copper tech

Amazon Web Services has signed a two-year deal with Rio Tinto to acquire copper from its Johnson Camp mine in Arizona. The mine was restarted in 2024 as a "proving ground" for Rio's Nuton bioleaching technology, which uses acid and bacteria to produce 99.99 per cent pure copper from ore that has been previously classified as low-grade; it is said to require less water and emit less carbon than traditional processing techniques. AWS will use the copper from the Johnson Camp mine for data centre construction, with the largest such centres requiring huge amounts of copper for all their wiring needs. (RMS)

News

Rinehart joins up for Saudi gold hunt

Midana Exploration, a private company that is owned by Gina Rinehart, has established a joint venture with the Saudi Arabian Mining Company. They have secured five gold exploration permits that cover more than 24,000 square kilometres of land in Saudi Arabia's Nabita Ad-Duwayhi gold belt. Rinehart's Hancock Prospecting also struck deals with two Saudi Arabian companies in 2025 to undertake gold and copper exploration in the nation's Jabal Sayid and AlHajjar regions. Rinehart is best-known for her companies' iron ore mines, although she also has exposure to resource commodities such as lithium, rare earths and coal. (RMS)

News

Lithium rebound fuels hope for dormant mines

The price of spodumene - the type of lithium that is mined in Australia - has risen above $US2,000 a tonne, compared with $US575/tonne in June. The downturn in the lithium price in recent years prompted a number of companies to suspend production at some mines, but PLS Group's CEO Dale Henderson says that many of these mines will be profitable at current prices. Analysts note that the global oversupply of lithium appears to be easing, while demand remains strong. Barrenjoey has forecast that the lithium price will top $US3,250 a tonne in 2026. (RMS)

News

Jan 17

Rare earths, blessings and a legal mess

Two ASX-listed companies are involved in a legal dispute over an alleged deal regarding rare earth tenements in the US, with Rabbi Mordechai Fixler caught up in the dispute. Gaining prominence in 2020 over lockdown-breaching prayer sessions, he is said to have acted as 'finder' in the deal, and to have blessed it. Gladiator Resources claims it had a deal with Dateline Resources to acquire the tenements, but that Dateline failed to follow on their deal to transfer them. For its part, Dateline claims that no such transaction had been agreed to. (RMS)

News

Roy Morgan wins Media Man 'News Services Company Of The Month' award

News

12 hours ago

Gold near its peak

The White House dealt a blow to gold by postponing tariffs on critical minerals. Although precious metals were not on the list, other assets in the sector were. Concerns about import duties played a key role in the rally in silver, platinum and palladium. However, the overflow of bullion in the US occurred at the initial stage of the rally. Subsequently, other factors came into play.

Gold's position looks strong amid extremely unpredictable geopolitics and ongoing tensions. The increasing polarisation of the world is forcing central banks to continue the processes of de-dollarisation and diversification of reserves. Although central banks remain net buyers, their purchase volumes are declining amid more than 130% price growth over the past two years, pushing prices to historic highs.

Our attention is also drawn to reports of a huge volume of short exchange positions held by active funds. At current prices and dynamics, especially in silver, an explosion of volatility could occur at any moment. This could be either the start of a sharp downward movement or a final short squeeze with growth to non-market levels, which could ultimately remove buyers from the market. (FxPro)

News

24 hours ago

Bitcoin has not crossed the correction line

Market Overview

The crypto market has fallen 1.5% over the past 24 hours to $3.23 trillion as the market regains strength after the growth momentum at the beginning of the week. The top five cryptocurrencies by market capitalisation are down less than 1%, while smaller altcoins are experiencing more significant declines. The exception is Tron, which is up about 1% on the day and has been steadily gaining weight since the end of December.

Bitcoin is trading near $95.5K, retreating from levels near $98K, where the 61.8% Fibonacci retracement level also passes. The first cryptocurrency has reached the retracement line, waiting for further momentum to determine its direction. No critical macroeconomic publications are scheduled for the near future, so BTC will have to follow the highly unpredictable geopolitics and market reaction to quarterly reports.

News Background

Over the past three days, more than 47,000 retail investors have left the market due to fear, doubt and uncertainty. The price rebound was supported by a seven-month low in the volume of bitcoins on exchanges, according to Santiment.

The dynamics of the Value Days Destroyed indicator suggest that long-term holders are refraining from taking profits despite the rise in prices. The current growth is based on fundamental market strength rather than speculation, according to CryptoQuant.

According to CoinGlass, the total open interest in Bitcoin derivatives on all exchanges is now 28% below its peak in early October. A large-scale ‘cleansing’ of the market from excessive leverage could signal a recovery for BTC.

Despite the optimism, the derivatives segment has not yet entered a full-fledged growth phase, according to Greeks Live.

The recent growth was caused by a short squeeze in the futures market amid low trading volumes, rather than an influx of fresh capital, according to Glassnode. Despite the local positive, the options market signals that risks remain.

The US Securities and Exchange Commission (SEC) has closed a case initiated in August 2023 against the non-profit organisation Zcash Foundation, which is behind the development of the private coin. (FxPro)

News

Mining

16 Jan

Rivals Rio and BHP ponder tie-up to help open new Pilbara deposits

BHP and Rio Tinto are considering a tie-up that would see them mine an previously inacessible iron ore deposit on the boundary of their adjoining Yandi and Yandicoogina operations in Western Australia's Pilbara region. The tie-up would see the two companies mine 200 million tonnes of ore, with mining expected to commence early next decade, with BHP and Rio having previously joined forces in 2023 to mine the Mungadoo Pillar, which also 'unlocked' ore on a shared boundary. (RMS)

News

Trump backs warfare-focused critical minerals reserve

The federal government's critical minerals strategic reserve is being tailored to help meet the needs of the US military in the wake of Chinese trade restrictions on minerals used in weapon-making. The reserve is likely to operate under a floor and ceiling price system, and President Donald Trump has issued a directive under the Trade Expansion Act that commits the US to working with its allies on adopting "price floors" for trade in "processed critical minerals and their derivative products". Resources Minister Madeleine King says the reserve is of "great interest to our friends in the US", while the government has prioritised three minerals that are vital in modern warfare - antimony, gallium and rare earths - in the strategic reserve. (RMS)

News

Industry frustrated over delay to WA emissions reforms

The Western Australian government promised in October 2024 to hand over responsibility for policing greenhouse gas emissions to Canberra, a pledge that angered environmental groups and the WA Greens. It was welcomed by the resources sector, which was told the changes would take only months to implement, but as of January 2026, they have not happened. As a result, many resources and energy companies operating in WA are still having to report their missions to both the WA and federal governments, a situation that is causing confusion and frustration in the sector. (RMS)

News

LNG importers confident despite reservation plan

Squadron Energy's CEO Rob Wheals says LNG import terminals will be vital to the success of the federal government's domestic gas reservation scheme, and the facilities will be necessary. The Andrew Forrest-backed Squadron has invested more than $200m in its import terminal at Port Kembla in NSW. Wheals notes that the gas reservation scheme will primarily affect LNG exporters in Queensland rather than increasing gas supply in NSW and Victoria, because the gas pipelines linking Queensland to the southern states are already operating at capacity most of the time. (RMS)

News

The Australian Financial Review wins Media Man 'Newspaper Of The Month' award

Roy Morgan wins Media Man 'News Services Business Of The Month' award

Sky News Australia wins Media Man 'Australian Media Outlet Of The Month' award

 

 

 

 

 

Mining/Energy/Resources/Biz/Politics/Culture

Australia and World

January 2026

Jan 16

Markets

Australian Dollar: $0.6701 USD (up $0.0021 USD)
Iron Ore: $107.20 USD (down $1.05 USD)
Oil Price: $59.05 USD (down $0.89 USD)
Gold Price: $4,614.43 USD (down $19.13 USD)
Copper Price): $5.9890 USD (down $0.0970 USD)
Bitcoin: $95,584.86 -1.47%
Dow Jones: 49,401.51 (up 251.88 points)

News

Rivals Rio and BHP ponder tie-up to help open new Pilbara deposits

BHP and Rio Tinto are considering a tie-up that would see them mine an previously inacessible iron ore deposit on the boundary of their adjoining Yandi and Yandicoogina operations in Western Australia's Pilbara region. The tie-up would see the two companies mine 200 million tonnes of ore, with mining expected to commence early next decade, with BHP and Rio having previously joined forces in 2023 to mine the Mungadoo Pillar, which also 'unlocked' ore on a shared boundary. (RMS)

News

Trump backs warfare-focused critical minerals reserve

The federal government's critical minerals strategic reserve is being tailored to help meet the needs of the US military in the wake of Chinese trade restrictions on minerals used in weapon-making. The reserve is likely to operate under a floor and ceiling price system, and President Donald Trump has issued a directive under the Trade Expansion Act that commits the US to working with its allies on adopting "price floors" for trade in "processed critical minerals and their derivative products". Resources Minister Madeleine King says the reserve is of "great interest to our friends in the US", while the government has prioritised three minerals that are vital in modern warfare - antimony, gallium and rare earths - in the strategic reserve. (RMS)

News

Top

Industry frustrated over delay to WA emissions reforms

The Western Australian government promised in October 2024 to hand over responsibility for policing greenhouse gas emissions to Canberra, a pledge that angered environmental groups and the WA Greens. It was welcomed by the resources sector, which was told the changes would take only months to implement, but as of January 2026, they have not happened. As a result, many resources and energy companies operating in WA are still having to report their missions to both the WA and federal governments, a situation that is causing confusion and frustration in the sector. (RMS)

News

LNG importers confident despite reservation plan

Squadron Energy's CEO Rob Wheals says LNG import terminals will be vital to the success of the federal government's domestic gas reservation scheme, and the facilities will be necessary. The Andrew Forrest-backed Squadron has invested more than $200m in its import terminal at Port Kembla in NSW. Wheals notes that the gas reservation scheme will primarily affect LNG exporters in Queensland rather than increasing gas supply in NSW and Victoria, because the gas pipelines linking Queensland to the southern states are already operating at capacity most of the time. (RMS)

News

Steps to valuing BlueScope

SGH and Steel Dynamics have launched a $30 per share bid for steelmaker BlueScope, but a scenario has been suggested that could see BlueScope valued by as much as $50 in five years time. The key figure in determining that amount is the $2 billion in cash flow that BlueScope is currently generating, and it will need to demonstrate how that figure can be maintained or boosted and how it can be used for the benefit of shareholders; it will also need to show it has no more large capital expenditure plans in mind. (RMS)

News

US president's family in talks to build Trump Tower in Surfers Paradise

It is understood that the Trump Organisation is in discussion with developers over plans to construct Australia's first Trump Tower in Surfers Paradise on the Gold Coast, with the Trump Organisation being the family business of US President Donald Trump. It is believed that the site under consideration is located on Trickett Street and was once home to the Iluka Resort, while the office of Gold Coast Mayor Tom Tate says that it would be a "great outcome for Surfers Paradise and the Gold Coast" if the idea was to go ahead. (RMS)

News

Kalshi, Polymarket race to crack ‘multis’ as sports bet stakes rise

Kalshi and Polymarket are racing to build enough liquidity to offer lucrative multi-leg sports bets, as the fast-growing prediction market providers intensify their efforts to upend the $US14 billion ($20.1 billion) US sports gambling industry.

The bets, known as “multis” in Australia, “parlays” in the US and “accumulators” in the UK, deliver bettors a big payout if a series of wagers come good. But while they form a cornerstone of the mainstream sports gambling market, parlays are difficult for prediction markets to facilitate.

Prediction markets allow gamblers to bet on binary outcomes of future events, such as the result of a football match, with the prices and implied odds determined by how participants bet.

To offer parlays, prediction markets have to establish liquidity pools for each individual bet, whereas traditional gambling groups, such as DraftKings and FanDuel owner Flutter, can simply bundle preset odds.

“The current downfall [of prediction markets] is their inability to offer the same range of exotic bets that US gamblers love so much, like same-game parlays ... but the market is beginning to find a way to serve certain sports,” said Adam Rivers, a managing director at consultancy Alvarez & Marsal. (AFR) *Full article and coverage via subscription to The Australian Financial Review

News

The Australian Financial Review wins Media Man 'Newpspaer Of The Month' award

News Lead Up

Jan 15

Mining/Exploration/Minerals

Japan plums the depths for rare earths

The Japanese government hopes a deep-sea exploration program will kickstart a domestic critical minerals program and reduce the nation's reliance on China for rare earths. A Japanese mining vessel will shortly commence a drilling program beneath the seabed around Minamitori Island. Mud from six kilometres beneath the seabed is believed to contain high levels of rare earths; it will be extracted by the vessel, and a full-scale mining trial could begin in 2027 if the test phase is successful. The Japanese government has invested about 40 billion yen ($374m) in the project since 2018; the project's importance has been underlined by China's latest move to restrict exports of critical minerals. (RMS)

News

ASX higher as energy offsets bank sell-off

The Australian sharemarket edged higher on Wednesday, with the S&P/ASX 200 adding 0.1 per cent to close at 8,820.6 points. BHP rose 1.1 per cent to $48.12, Beach Energy was up 5.2 per cent at $1.20 and Neuren Pharmaceuticals advanced 6.1 per cent to end the session at $20.47. However, the Commonwealth Bank was down 1.3 per cent at $152.88, Mayne Pharma shed 2.3 per cent to end the session at $2.94 and BlueScope Steel finished 0.3 per cent lower at $29.76. (RMS)

News

Virgin's pet-friendly flights trial extended

Virgin Australia has advised that its trial of pet-friendly flights on some domestic routes will be extended until the end of June. The trial on flights between Melbourne and the Gold Coast and Sunshine Coast began in October and was initially slated to end in late January. Up to four small cats and dogs are allowed to travel in airplanes' cabins with their owners, and more than 300 pets travelled in this way during the peak Christmas period. Virgin is believed to be planning to expand its pet-friendly flights to include the Adelaide, Launceston and Canberra routes, amid positive feedback from pet owners, cabin crew and passengers who do not have pets. (RMS)

News

Balance of power shifts in job hunt

Research from global recruitment firm Robert Half shows that the balance of power in Australia's corporate jobs market is shifting from employers to highly-skilled candidates. The firm's survey of 500 hiring managers across a range of sectors has found that 88 per cent of candidates have rejected a job offer in the last year. Some 32 per cent said they had received a better offer, and 31 per cent said the proposed salary or compensation package was not competitive. Emma Sestic from Robert Half notes that candidates with a strong skillset match and a strong fit with an organisation's values will often have a choice of jobs. (RMS)

News

Time to right a Rio wrong

Rio Tinto's proposed merger with Glencore should not be approved until its previous undertakings are honoured and control of Rio's Australian assets is returned to the Australian-listed company in the dual-listed structure. That company must have an Australian-based CEO and at least three Australians on its board; if Rio Tinto believes that this is administratively too hard, control of the whole Rio Tinto operation should come to Australia. Rio Tinto's London board has proved to be a disaster over the last three decades, so shareholders stand to benefit from proper management. (RMS)

News

Rio Tinto, Glencore deal could spark wave of mining takeovers

Rio Tinto would overtake BHP as the world's biggest mining company if its proposed merger with Glencore proceeds. Brian Szeto from Morningstar DBRS says this deal would most likely put pressure on BHP to pursue its own mega-merger. BHP has in recent years made four attempts to merge with Anglo American, but the latter opted to merge with Teck Resources. Meanwhile, Szeto adds that 2026 is likely to be a big year for mergers and acquisitions acrosss the mining sector. Freeport-McMoRan, Vale and China's Zijin Mining Group are among the other big miners that could potentially seek expansion opportunities. (RMS)

News

BHP less likely to gatecrash Rio deal

BHP is not expected to make a rival bid for Glencore; it is believed to ascribe less value to Glencore's copper assets than Rio Tinto, and is said to have doubts about Glencore's ability to meet its annual copper production targets. Meanwhile, Rio Tinto has a deadline of 5 February under the UK's Takeover Code to announce a firm intention to make a formal bid for Glencore. Sources have indicated that Rio Tinto CEO Simon Trott will not be rushed with regard to the proposed merger. The team of banks that Rio Tinto has engaged to advise on the deal include JPMorgan, Macquarie and Evercore; Simon Robey is a senior executive of the latter, and previously helped to advise Rio Tinto on Glencore's merger offer in 2014. (RMS)

News

Gold heads to $US7000 in '70s echo

The price of gold rose by 65 per cent during calendar 2025, and Cameron Judd from the Victor Smorgon Group says the current bull market in bullion has similarities to the 'supercycle' from 1978 to 1980. The gold price rose by 127 per cent in 1979, amid strong demand for 'safe haven' assets in response to geopolitical turmoil such as the Iranian Revolution and the Soviet Union's invasion of Afghanistan. Judd says that based on the rise in the gold price in 1980, the precious metal could potentially peak at more than $US7,000 per ounce in 2025; it recently reached a record high of $US4,634 an ounce. (RMS)

News

Lithium tops $US2000 as rally roars on

Rising demand for lithium saw the price of the battery metal rise above $US2,000 per tonne earlier this week, reaching this level for the first time in more than two years. Data from S&P Global Platts shows that the price of spodumene - the type of lithium that is mined in Australia - has in turn risen to $US2,305 per tonne; Barrenjoey still expects the price of spodumene to reach $US3,250 per tonne in 2026. Meanwhile, Bell Potter has upgraded its recommendation on PLS Group's share to from 'sell' to 'hold'; the firm has 'buy' ratings on Liontown Resources and Mineral Resources, and has increased its share price targets for all three stocks. (RMS)

News

Bitcoin aims to break out of a corrective rebound

Market Overview

The crypto market capitalisation has shown a slight increase to $3.26T over the past 24 hours, as it paused its growth, releasing steam after rallying to a total capitalisation of $3.30T. The recovery to a two-month high still keeps the market within a typical corrective rebound of 61.8% of the initial downward momentum. Although it would be too hasty to ignore the sequence of rising local lows, it is still worth being prepared for the recovery momentum to lose steam.

Bitcoin rose to $98K on Wednesday, gaining for the third day during the US session, while Asian and European trading saw a correction and lull, respectively. The price of BTC touched the 61.8% level of the decline from the peak of $126K to the November lows of $80K. Further growth from these levels, especially exceeding $100K, will be an important signal that the decline in October and November may have been a deep correction, but did not break the bull market.

The relatively small Dash coin is experiencing an impressive rally, gaining over 130% since the beginning of the week. Technically, buyers pushed off the 200-day moving average, which had been providing support since September. The last comparable rise in scale was in early November, after which the price fell even lower over the next month and a half. It seems that the main reason for the growth is insufficient liquidity and the pump & dump approach, rather than the start of the alt season.

News Background

The revival of institutional demand signals that investors are actively reallocating capital after a period of caution and risk reduction at the end of last year, according to LVRG Research.

For the first time since mid-2022, the 52-week correlation between Bitcoin and gold has fallen to zero. Historically, the decoupling of these assets has preceded rallies in the first cryptocurrency.

According to Validator Queue, the number of coins locked in Ethereum staking has reached a new all-time high. There are 35.8 million ETH in the Beacon Chain network, which is 29.57% of the market supply of the second-largest cryptocurrency by capitalisation.

Liquidity in cryptocurrencies ceased to be distributed evenly last year, mainly concentrating in Bitcoin, Ethereum and a few other major coins, Wintermute notes. The situation arose against the backdrop of large institutional players actively entering the market. (FxPro)

News

Jan 15

Cryptocurrency News

The crypto market has made a breakthrough

Market Overview

The crypto market capitalisation has increased by almost 5% over the past 24 hours to $3.25T. This rise above previous local highs confirms the formation of a bullish trend with a sequence of higher local highs and lows. The crypto market has few technical obstacles until it reaches $3.32T, which is the classic Fibonacci retracement level of 61.8% of the decline from the peak in early October.

The sentiment index jumped to 48. Although this is the lower half of the sentiment range, we are seeing the highest values for the indicator since the end of October, reflecting a significant change in sentiment. The crypto market did not need support from US stock indices for this, but metals and Asian markets still updated their highs.

Bitcoin is trading above $95K, its highest since November 17th. It managed to push off the 50-day MA, exceed previous highs and confirm a sequence of higher lows. What other bullish signals do you need? Technically, BTC now has a clear path towards the $100-106K area, limited by the psychologically crucial round level from below and the 200-day MA from above.

News Background

The weakening of the US dollar will be a powerful catalyst for Bitcoin’s growth, according to analysts David Brickell and Chris Mills. In their opinion, the first cryptocurrency is the optimal asset for trading depreciation.

Bitcoin is simultaneously forming three serious signals for a decline, notes analyst Doctor Profit. In his opinion, reaching the $70K level is ‘only a matter of time.’

Strategy made its largest weekly purchase of bitcoins since July last year. Between January 5 and 11, the company purchased 13,627 BTC ($1.25 billion) at an average price of $91,519 per coin. Strategy now owns 687,410 BTC, purchased for $51.8 billion at an average price of $75,353 per bitcoin.

BitMine added 24,266 ETH to its crypto reserves last week, accumulating a total of 4,167,768 ETH at an average price of $3,119. The company already owns 3.45% of the total Ethereum supply, with a stated target of 5%.

The collapse of Ethereum’s market value could disrupt the blockchain’s settlement mechanism and cause Ethereum’s infrastructure to collapse, according to a study by the Bank of Italy.

Ethereum co-founder Vitalik Buterin outlined a set of technical requirements that will allow the blockchain to maintain long-term stability without the constant involvement of developers.
Spot crypto market trading volume reached $18.6 trillion at the end of 2025. The figure rose 9% from $17 trillion in 2024, according to CryptoQuant.

Cardano founder Charles Hoskinson called on White House cryptocurrency adviser David Sax to step down from his post for ‘complete failure.’ According to him, since the appointment of the ‘crypto czar’ at the end of 2024, the industry has not seen the progress that everyone was expecting. (FxPro)

News

Jan 14

The dollar does not tolerate dissent

US GDP growth is driven not by the White House, but by AI

The Bank of Japan's sluggishness is weighing on the yen.

JP Morgan believes that the White House's focus on lowering interest rates will have the opposite effect. Inflation will accelerate, and rates will rise. Donald Trump claims that Jamie Dimon is wrong and just wants rates to be high so that his bank can earn more. He went on to describe Federal Reserve Chair Jerome Powell as a “bad person” who, in his view, is hindering the prosperity of the American economy. The US economy is indeed pleasantly surprising. The World Bank has pointed to its resilience to tariffs and raised its GDP forecast for 2025 from 1.4% to 2.1% and for 2026 from 1.6% to 2.2%. The growth in these indicators is not based on White House policy, but on large-scale investments in artificial intelligence technology. However, Donald Trump has his own opinion on this matter.

According to the president, in 11 months, the American administration has achieved explosive growth in the economy and productivity, victory over inflation, and prosperity in investment. Is more to come?

However, we have to adjust the midterm election promotions. Inflation in the US may have fallen to 2.6-2.7%, but it is still significantly above the 2% target. GDP growth is impressive, but the cooling labour market is causing the Fed to cut the rate from 4.5% to 3.75% in 2025. Currently, FOMC officials believe that monetary policy is well-positioned. They intend to maintain a pause in the cycle, which supports the dollar. Meanwhile, the yen continues to get battered. Investors expect Sanae Takaichi to dissolve parliament and call new elections as early as February. This is leading to higher Japanese bond yields and a surge in USDJPY to 18-month highs, returning to the previous territory of currency intervention. The stronger the Liberal Democratic Party's footing, the more chances of higher fiscal stimulus. At the same time, the government may put pressure on the central bank to prevent interest rates from rising, as this increases the cost of servicing the national debt.

In this regard, Kazuo Ueda's speech on continuing the cycle of monetary policy normalisation while meeting the conditions required by the Bank of Japan can be seen as justifiable. Investors do not expect an overnight rate hike before June, which, against the backdrop of a prolonged pause by the Fed, allows USDJPY to rise. (FxPro)

News

Mining, Energy, Resources, Markets, Biz, Heavy Industry, Blue Collar, Energy, Culture, News

Australia, Asia Pacific And World

January 2026

Heavy Industry Awards

Mack Trucks wins Media Man 'Truck Manufacturer Of The Month' award

Caterpillar wins Media Man 'Heavy Equipment Manufacturer Of The Month' award

Bingo Industries wins Media Man 'Construction Brand Of The Month' award

Elders wins Media Man 'Agribusiness Of The Month' award

Landman wins Media Man 'Streaming Series Of The Month' award (Oil/mining industry based story via Paramount Plus)

Jim's Mowing wins Media Man 'Australian Business Of The Month' award

News

Pop Culture News

Landman (Paramount Plus)

(In Case You Missed It)

Plot

Set against the backdrop of the booming West Texas oilfields, Landman follows Tommy Norris (Billy Bob Thornton), a crisis manager and landman for an independent oil company. Tommy navigates cutthroat deals, family tensions, and moral dilemmas while trying to keep his business afloat. The story kicks off with an investigation into a fatal accident involving an out-of-town lawyer, weaving in elements of drug cartels.

Landman is an American drama television series created by Taylor Sheridan and Christian Wallace, inspired by Wallace's podcast Boomtown. It explores the high-stakes world of the oil industry in West Texas, blending themes of fortune-seeking, corporate intrigue, and personal drama amid roughnecks, billionaires, and geopolitical shifts.

The series premiered on Paramount+ on November 17, 2024, and has been renewed for a second season.

Landman: Season 2. Trailer (Paramount Plus)
https://youtube.com/watch?v=mhzQawESdqg

"You think you understand how this business works, but you don't." Things are heating up in the final Landman trailer. Season 2 premieres November 16, 2025, only on Paramount+.

"Death and a Sunset"
November 16, 2025

"Sins of the Father"
November 23, 2025

"Almost a Home"
November 30, 2025

"Dancing Rainbows"
December 7, 2025

"The Pirate Dinner"
December 14, 2025

"Dark Night of the Soul"
December 21, 2025

"Forever Is an Instant"
December 28, 2025

"Handsome Touched Me"
January 4, 2026

"Plans, Tears and Sirens"
January 11, 2026

"Tragedy and Flies"
January 18, 2026

News

Gold Movie

Gold is a 2016 American epic crime drama film directed by Stephen Gaghan and written by Patrick Massett and John Zinman. The film stars Matthew McConaughey, Édgar Ramírez, Bryce Dallas Howard, Corey Stoll, Toby Kebbell, Craig T. Nelson, Stacy Keach and Bruce Greenwood. The film is loosely based on the true story of the 1997 Bre-X mining scandal, when a massive gold deposit was supposedly discovered in the jungles of Indonesia; however, for legal reasons and to enhance the appeal of the film, character names and story details were changed.

Trailer

Gold (YouTube Movies and TV)
https://youtube.com/watch?v=yc0S96OZhi0

Gold is the epic tale of one man's pursuit of the American dream, to discover gold. Starring Oscar® winner Matthew McConaughey (Interstellar, Dallas Buyers Club, The Wolf Of Wall Street) as Kenny Wells, a modern day prospector desperate for a lucky break, he teams up with a similarly eager geologist and sets off on an amazing journey to find gold in the uncharted jungle of Indonesia. Getting the gold was hard, but keeping it would be even harder, sparking an adventure through the most powerful boardrooms of Wall Street. The film is inspired by a true story.

News

Best Quotes

The best and biggest gold mine is in between your ears."

"You are a gold mine of potential power. You have to dig to find it and make it real."

"Your mind is like a gold mine, if you dig deep you will find something golden."

"Don't die without mining the gold in your mind."

"We're like goldfields. Until we dig deep to find what's inside us, our true potentials may be hidden forever."

"If you want to find gold, you've got to love the process of digging."

"Even if you're sitting on a gold mine, you still have to dig."

"Develop men the same way gold is mined"

"Don't go into the mine looking for dirt; instead, go in looking for the gold."

"A prospector's job is to remove dirt as quickly as possible"

Media Man

Roy Morgan wins Media Man 'News Services Provider Of The Month' award; Runner-ups: X, Google News, Yahoo! Finance

 

 

Markets, Cryptos And Culture

January 2026

Digital Bush Telegraph

Wrestling With Numbers And Showbiz Edition; Mining For Intel!

Sin City Sydney, Australia
Wednesday January 14

Past High Noon Update

to

Wall Street, New York
Lucky/Unlucky Tuesday January 13

ASX futures up 5 points or 0.1% to 8789 near 6am AEST
AUD -0.4% at US66.85¢
Bitcoin $95,297.29 +4.38%
Dow -0.7% S&P -0.3% Nasdaq -0.3%
Gold +0.1% to $US4599.68 an ounce
Brent oil +2.9% at $US65.70 a barrel
Iron ore -0.9% at $US108.20 a ton

Numbers Double Check

Australian Dollar: $0.6680 USD (down $0.0033 USD) Iron Ore Feb Spot Price: $108.20 USD (down $0.85 USD)
Oil Price: $61.11 USD (up $1.60 USD)
Gold Price: $4,582.10 USD (down $26.34 USD)
Copper Price: $6.0015 USD (down 0.0210 USD)
Dow Jones: 49,082.27 (down 507.93 points)

News

Shares

BHP Group Ltd $48.02 +0.44 +0.91%

Elders Ltd $7.49 +0.16 +2.11% (ASX)

Rio Tinto plc ADR Common Stock $83.59 +0.71 +0.86%

Mineral Resources ADR $39.49

TKO Group Holdings Inc $208.89 +9.82 +4.94%

Tesla Inc $447.20 -1.76 -0.39%

Trump Media & Technology Group Corp
$13.99 +0.070 +0.50%

Palantir Technologies Inc $178.96 -0.45 -0.25%

NVIDIA Corp $185.81 +0.87 +0.47%

Netflix Inc $90.32 +0.91+1.02%

Paramount Skydance Corp $12.14 -0.0100 -0.082%

Alphabet Inc Class A $335.97 +4.11 +1.24%

Microsoft Corp $470.67 -6.51 -1.36%

Porsche Automobile Holding SE Unsponsored Germany ADR $4.37 -0.026 -0.59%

Volvo ADR $33.38 -0.51 -1.50% (Parent company of Mack Trucks)

Bally's Corp $16.64 -0.0100 -0.060%

Wynn Resorts Ltd $116.40 -0.44 -0.38%

MGM Resorts International $34.65 -0.17 -0.49%

Red Rock Resorts Inc $62.38 +0.51 +0.82%

News

Australia

ASX rallies as copper surge boosts BHP, Rio

The Australian sharemarket posted a solid gain on Tuesday, with the S&P/ASX 200 adding 0.6 per cent to close at 8,808.5 points. The rising price of copper and gold boosted the resources sector, with BHP up 2.3 per cent at $47.58 and Northern Star Resources ending the session 3.6 per cent higher at $26.35. Suncorp Group in turn finished one per cent higher at $17.26 and Austral advanced 6.7 per cent to $8.73. However, Woodside Energy fell 1.7 per cent to $23.31 and GQG Partners was down 8.6 per cent at $1.64. (Roy Morgan Summary)

News

Mining (Australia and World)

Rio may finally land its Glencore megamerger

The prospects of a merger between Rio Tinto and Glencore may have been boosted by the former's appointment of Simon Trott as CEO last year. He is like to be more amenable to a deal than his predecessor, Jakob Stausholm, who is said to have objected to Glencore's proposal in previous merger talks that its CEO Gary Nagle rather than himself should head the combined group. Meanwhile, Rio Tinto's dual listing in Australia and the UK may be a challenge in sealing a merger. Glencore's coal mines are also likely to be problematic, given that Rio Tinto has exited the sector and these assets would conflict with its environmental, social and governance policy. (RMS)

News

Crypto: sell-the-growth continues

Market Overview

The crypto market capitalisation grew by 1% over the past day and is down 1% from a week ago. Bitcoin received a boost from reports of a criminal investigation against the head of the Federal Reserve, which created momentum for a flight from US assets. In our view, this precedent is negative for risk appetite.

Bitcoin jumped to $92,500 but saw a significant influx of sellers, returning to $90,300 at the time of writing. Testing of the 50-day moving average as support continues. A slip below $90K could have a strong psychological effect, quickly taking the price to $87K and then sending it lower below $80K.

XRP is losing for the seventh day in a row, like Bitcoin, rolling back to the 50-day MA and close to the round level of $2.0. The coin is still up 10% since the beginning of the year, but the initial momentum has clearly lost steam, as there are too many people in the markets willing to sell on the rise. Most likely, this change in strategy for all cryptocurrencies will characterise the market in the coming months.

News Background

The total open interest in Bitcoin derivatives has fallen to its lowest level since the end of 2022, according to CryptoQuant. Historically, reaching such levels has preceded periods of consolidation or even bullish reversals.

Bitcoin could reach $2.9 million by 2050 in a base case scenario, according to VanEck's forecast. This will happen if the first cryptocurrency becomes a currency for international settlements and enters the reserves of central banks. The main obstacle to mass adoption remains the scalability of the network. VanEck emphasised the importance of developing second-level solutions that will speed up transactions and reduce commissions.

Monero (XMR) is regaining its status as the leading anonymous coin amid the crisis in the Zcash ecosystem following the departure of its development team. The asset has been growing steadily for several weeks, outperforming most of its competitors in the sector.

There are more and more signs in the crypto market pointing to the end of the sell-off. Among them are the stabilisation of outflows from ETFs, the situation with perpetual futures and positions on the CME, according to JPMorgan.

MSCI's decision on 6 January regarding companies accumulating cryptocurrencies is also favourable for cryptocurrencies. The global provider of stock indices has decided not to exclude them from its indices during the review in February 2026. (FxPro)

News

Crypto market grows with risk appetite in stocks

Market Overview

The crypto market gained 0.75% over the past 24 hours to $3.13T in another attempt to turn towards growth, pushing off the 50-day moving average. Appetite for crypto grew amid a rebound in US financial markets during Monday’s trading and continued growth in Japanese stocks on Tuesday morning. Steady risk appetite began to spread to cryptocurrencies, which had underperformed the market for many weeks.

Bitcoin has exceeded $92K since Monday evening, attempting to climb above levels seen a week ago. There were wide fluctuations on Monday, with an impressive increase in sales when the price rose above $92K, but this did not deter the bulls from continuing their attempts. It would be too hasty to conclude sustained risk appetite while the price remains below previous local highs of $95K. An optimistic view of the situation considers a series of rising local lows since November.

Ethereum is holding above $3,000, carefully forming a bottom at this level over the past five days. At the end of last month, a similar support level was near $2,920. As with Bitcoin, ETH is trading above the 50-day MA, but still below the local peak on 6 January.

News Background

Retail investors continue to offload loss-making assets due to fears of volatility, which is increasing selling pressure, according to CryptoQuant.

Profit-taking and shifting expectations in the options market indicate that investors are postponing bullish expectations to a later date, not believing in a quick rally. Optimism about a breakout in the first quarter is fading, QCP Capital notes.

Views of cryptocurrency content on YouTube have fallen to their lowest levels since 2021, ITC Crypto notes. A similar decline in social interest has also been recorded on social network X.
According to Arkham Intelligence, the DAT company BitMine has increased the amount of locked assets on the Ethereum network to 1.08 million coins. The value of the portfolio exceeded $3 billion.

The theory of Ethereum’s ‘demise,’ based on its prolonged decline against Bitcoin, is untenable, said MN Trading founder Michael van de Poppe. In his opinion, the ETH/BTC rate has already bottomed out. The key argument in favour of growth is the increase in the volume of stablecoins on the Ethereum network.

South Korea has lifted its ban on corporate investment in cryptocurrencies. Legal entities will be able to allocate up to 5% of their share capital to coins from the top 20 by market capitalisation, excluding stablecoins. (FxPro)

News

The yen returned to the Takaichi trade

The dollar resumed its growth after the lawsuit against the Fed chairman

Rumours of early elections in Japan drove up USDJPY quotes. ‘We’re screwed!’ -- that’s how Donald Trump described the possible Supreme Court’s ruling against his tariffs. The US will have to return hundreds of billions of dollars, not to mention the cancellation of investments that other countries intended to make in exchange for lower import duties. In fact, the White House screwed up a little earlier when the Justice Department informed Jerome Powell about the lawsuit. The Fed chairman and the markets perceive this event as a factor putting pressure on the central bank. Lowering rates under pressure from the president could lead to uncontrolled inflation, as has occurred in several emerging market countries in the past. Investors will demand a higher risk premium on bonds. Higher Treasury yields will weigh on the economy.

The greenback is poised to benefit from both the Supreme Court’s repeal of tariffs and the lawsuit against Jerome Powell. The latter led to a rise in EURUSD and allowed the euro to be sold at a higher price. The refund of previously paid fees could be seen as a fiscal stimulus that will boost the US economy. The strength of the dollar was one of the reasons for the USDJPY’s surge to its highest level since July 2024. The second factor was rumours of early elections in Japan. The new prime minister’s ratings are high, and she intends to strengthen the Liberal Democratic Party’s position in parliament. As a result, investors are returning to a so-called ‘Takaichi trade’ with stocks rising while the yen is weakening.

The USDJPY rally is forcing the government to return to verbal interventions. Japanese Finance Minister Satsuki Katayama expressed concern about the speculative nature of the yen’s weakening at a meeting with her American counterpart. She said that Scott Bessent is also unhappy with what is happening on Forex.

Now the markets are trying to determine the levels of Tokyo’s potential intervention in the international currency market. In 2024, it resorted to currency interventions four times near the 160 level, a very close call with 159 now.

Gold took advantage of the growing distrust of fiat currencies. It reached a new record high. As a result, CME changed its margin calculation methodology to reduce volatility. Its increase at the end of 2025 caused precious metals to retreat. (FxPro)

News

Crude Oil counteracts

While developments in Venezuela acted as a headwind for oil prices, events surrounding Iran provided clear support. Expectations of an influx of cheaper supply from Latin America pushed Brent crude to its lowest level in eight months. However, escalating tensions in the Middle East helped North Sea crude find a floor and rebound. The four-day rally in black gold highlights a renewed rise in geopolitical risk premiums.

According to Capital Economics, mass protests, oil workers' strikes, the blockade of the shadow fleet, and Tehran's threats to close the Strait of Hormuz could push Brent prices up by $15-20 per barrel. Iran is a much larger oil producer than Venezuela, ranking fourth in OPEC. It accounts for about 3% of global production, or 3.3 million barrels per day. Exports are estimated at 2 million barrels per day, with about 90% going to China. The country's share of China's black gold imports is estimated at 15%. Venezuela's share is only 2%. Western sanctions have significantly undermined Tehran's potential. At the peak of its glory in the 1970s, Iran's share of global production was 10%. Investors are hedging against the risks of Brent's rally continuing at its fastest pace since the joint US-Israeli attack on Iran last summer. At the same time, the market is considering two key scenarios for further developments. Either there will be a supply crisis, or the resumption of the trade war between the United States and China will deal a blow to the world economy and global demand for oil. Following Donald Trump's announcement of additional 25% tariffs on countries doing business with Tehran, such a scenario is quite likely. Such a rapid rally in Brent would not have happened if speculators had not built up huge short positions in North Sea crude against the backdrop of events in Venezuela. Their unwinding is leading to a rebound. Demand for oil call options has jumped to its highest level since October. A significant share of them are trading with strike prices at $80 per barrel. (FxPro)

News

Sports Culture

NRL broadcast deal focus for game changes

The Australian Rugby League Commission's chairman Peter V'landys still hopes the NRL's next broadcasting rights deal will be worth at least $5bn. He contends that in order to achieve a record rights deal the NRL must evolve by making rule changes that will make the sport more exciting and attract new viewers. The ARLC and the NRL are currently consulting with the league's 17 clubs regarding a number of proposed rule changes for the 2026 season; they include giving the team that concedes a try the option of either kicking off or receiving the ball. V'Landys notes that previous rule changes have boosted NRL viewership from just 137 million in 2019 to 224 million in 2025. (RMS)

News

Jan 12

Tech/A.I

Joint statement from Google and Apple

Apple and Google have entered into a multi-year collaboration under which the next generation of Apple Foundation Models will be based on Google's Gemini models and cloud technology. These models will help power future Apple Intelligence features, including a more personalized Siri coming this year.

After careful evaluation, Apple determined that Google's Al technology provides the most capable foundation for Apple Foundation Models and is excited about the innovative new experiences it will unlock for Apple users. Apple Intelligence will continue to run on Apple devices and Private Cloud Compute, while maintaining Apple's industry-leading privacy standards. (Source: Google/Alphabet)

https://blog.google/company-news/inside-google/company-announcements/joint-statement-google-apple/

News

Pop Culture

NETFLIX BECOMES OFFICIAL HOME OF WWE LIBRARY IN UNITED STATES

January 6, 2026 – Netflix and WWE today announced an expansion to their long-term partnership that will see the world’s leading entertainment service become the home of WWE’s library in the U.S.

Beginning immediately, Netflix is the new U.S. home for WWE’s library of Premium Live Events (prior to September 2025) including WrestleMania, SummerSlam and Royal Rumble, as well as award-winning documentaries and original programming.

This follows the January 2025 launch of WWE on Netflix, where Monday Night Raw has become a weekly staple in the global English Top 10. Past episodes of Monday Night Raw are also available as part of the WWE library on Netflix.

The arrival of WWE’s library on Netflix also comes ahead of Season 2 of original behind-the-scenes documentary series WWE: Unreal on January 20.

News

Pop Culture

Pro Wrestling

AJ Styles Returns to TNA Wrestling LIVE January 15 on Premiere of Thursday Night iMPACT! on AMC

Jan 9, 2026

The premiere of Thursday Night iMPACT! on AMC will be PHENOMENAL.

For the first time since Slammiversary, AJ Styles makes his jaw-dropping return to TNA Wrestling as a new era begins LIVE January 15 from the Curtis Culwell Center in Dallas, Texas.

What will "The Phenomenal One" have in store as TNA Wrestling makes history once again?

Also on the loaded lineup:

Frankie Kazarian vs. Mike Santana for the TNA World Championship

The IInspiration vs. The Elegance Brand for the TNA Knockouts World Tag Team Championship

Elijah and The Hardys vs. Order 4

Plus more!

Thursday Night iMPACT! on AMC debuts January 15, 2026 at 9/8c LIVE from the Curtis Culwell Center in Dallas, Texas.

News

Pop Culture

Pro Wrestling: WWE - Studio/Production News

WWE is set to be an important part of a new initiative that Fanatics is launching.

It was announced today that Fanatics and production company OBB Media have linked up to launch Fanatics Studios, which will see Fanatics produce its own feature films and documentaries, unscripted and scripted original programming, live event specials, premium digital series, and more. WWE is listed among the partners — with a “multi-project commitment across unscripted and digital content.”

"YEE(A)T with The Usos: Fanatics Studios will debut an unscripted culinary series with WWE Superstars Jimmy and Jey Uso, who will take their tag team efforts on the road with a BBQ travel show featuring fellow WWE superstars and celebrity friends distributed across WWE’s social and YouTube channels"

News

Jan 12

Netflix - WWE News

“Netflix members welcomed WWE with a bang (but thankfully, no permanent injuries). In 2025, our members watched 525M hours of WWE content”... “Of this total, Raw accounted for nearly 340M views and 185M views for Premium Live Events broadcast outside of the US like SmackDown, WrestleMania, Elimination Chamber, Money in the Bank, Night of Champions and Royal Rumble.” ...

Netflix scribed that Raw ranked in the top 10 of its category most weeks, with it only falling outside of the rankings in December when “Stranger Things” took up much of the top 10.

“Since Raw’s official Netflix debut on January 6, 2025, the show has made the Global English TV Top 10 nearly every week it’s been on service (47 out of a possible 52 weeks),” Netflix wrote. “Over 52 shows, Raw has averaged more than 3M views per week.

“And it’s not just in the US, the birthplace of the WWE. Raw has made the Top 10 in 34 countries, including the US (51 weeks), Bolivia (49 weeks), Canada (48 weeks), the UK (40 weeks) and Mexico (38 weeks).”

Media/TV Biz

Research: Netflix leads growth in streaming ad-tiers

Jan 13

Global usage of ad-supported subscription tiers increased across Netflix, Disney+ and HBO Max between Q4 2024 and Q3 2025, according to research from Digital i.

The highest growth in adoption was on Netflix, with 40 per cent of active accounts using its Standard with Ads plan in Q3 2025, in the 20 countries measured by Digital i.

This was up by 14 per cent from the 26 per cent of subscribers on that tier in Q4 2024 that were recorded in Digital i’s trend report, Evolving Streamer Strategies, in 2025.

Ad-supported tier usage rose from 35 per cent to 44 per cent on Disney+ during that period and from 22 per cent to 28 per cent on HBO Max. Prime Video remained the service with the highest ad-supported tier usage, but this fell from 88 per cent of subscribers in Q4 2024 to 82 per cent in Q3 2025.

Digital i measures streaming audience data in the UK, the US, Canada, Argentina, Mexico, Brazil, Colombia, France, Italy, Germany, Spain, The Netherlands, Poland, Denmark, Finland, Sweden, Norway, Australia, South Korea and Japan. (Wires)


News

Best Quotes Of The Day

Media Man

Cryptocurrency, Finance and World

"Volatility is Satoshi’s gift to the faithful." - Michael Saylor

"Bitcoin is a tool for freeing humanity from oligarchs and tyrants, dressed up as a get-rich-quick scheme." — Naval Ravikant

"We have elected to put our money and faith in a mathematical framework that is free of politics and human error." — Tyler Winklevoss

"You can't stop things like Bitcoin. It will be everywhere, and the world will have to readjust. World governments will have to readjust." — John McAfee

"Bitcoin is the most important invention in the history of the world since the Internet." — Roger Ver

"Cryptocurrency is such a powerful concept that it can almost overturn governments." — Charles Lee

"In the future, national currencies will become obsolete. Bitcoin will become the single global currency." — Jack Dorsey

"The future of finance is crypto, whether it’s in payments, contracts, or savings." — Changpeng Zhao

"Crypto offers freedom to the unbanked and hope to the underprivileged." — Elizabeth Stark

"The new frontier of innovation is in decentralization. Blockchain leads the charge." — Don Tapscott

"Digital currency is here to stay, and it’s only a matter of how long before governments embrace it." — Brad Garlinghouse

Pop Culture

Dream Matches: Fantasy Booking

Santa vs Grinch
Bulls vs Bears
Crypto King vs Mr World Bank
Citizens vs NWO
Neo vs Agent Smith
John McAfee vs You Know Who!
TKO vs Naysayers
Jake Paul, Polymarket and BETR vs Naysayers
Pro Boxing vs Newspaper Reports
VKM vs The World
Paul Bros vs Mainstream Wokes
Mr X vs Mr Bluesky
Chris Jericho vs Dirtsheets
NFL vs everyone
Zuffa vs MVP
Netflix vs World
Meta vs Australia
Google Deepmind and Gemini vs X
Paul Bros vs Lucha Bros
Office Workers vs Field Workers

 

 

 

 

Markets, Crypto and Culture

January 2026

Sin City Sydney Australia to Wall Street, New York

Friday Energy, Mining, Media and Intel

Digital Bush Telegraph

Jan 9

ASX 200 futures up 26 points/0.3 per cent to 8716

AUD -0.4% to US66.95¢

Bitcoin $91,020.37 -0.34%

Wall St:
Dow +0.5%
S&P -0.1%
Nasdaq -0.6%

VIX +0.19 to 15.57

Gold +0.1% to $US4459.27 an ounce
Brent oil +4.3% to $US62.55 a barrel
Iron ore -0.7% to $US108.25 a tonne
10-year yield: US 4.18% Australia 4.66%

News

Crypto fails to find support for a breakout

Market Overview

The crypto market remained under pressure throughout Wednesday and early trading on Thursday, losing about 4% of its capitalisation to $3.08 trillion over the day. The market once again confirmed its cautious sentiment, retreating from the upper boundary of the consolidation range of the last eight weeks. The retreat of the stock markets created an unfavourable backdrop, and cryptocurrencies were unable to move from a rebound mode after the decline to a full-fledged recovery.

Bitcoin plunged below $90K on Thursday morning after bears seized the initiative at the end of the day on 5 January. At its lowest point, BTC approached the 50-day moving average, above which it climbed at the start of the year. The end of the week will bring an answer to the question of whether this curve has become a support level or whether we saw a false breakout at the start of the year.

News Background

Bitcoin could reach a new all-time high this year, said Bill Miller, investment director at Miller Value Partners. According to him, major Wall Street players are once again showing interest in the asset.

Institutional investors are again buying more Bitcoin through ETFs than miners are mining per day, notes analyst Charles Edwards. On-chain demand is still weak, but there are signs of a return of liquidity on Binance.

The main catalyst for Ethereum's growth in the new year will be crypto neobanks, not speculative traders, according to http://Ether.fi. Such platforms are capable of attracting many more crypto users than spot ETFs.

On 7 January, Ethereum developers implemented the Blob Parameter-Only (BPO) fork on the main network, which increases the BLOB object limit from 15 to 21. This will allow more transactions to be processed simultaneously, increasing the efficiency of the blockchain without the direct risk of overload.

Ripple has announced that it has no plans to go public, despite Wall Street's $40 billion valuation. Ripple's strong institutional support and overall treasury size have virtually eliminated the need for additional funding.

Privacy is a critical feature necessary for the development of global finance on the blockchain, which is why it will become a major focus in the crypto industry in 2026, according to a16z crypto. (FxPro)

News

Numbers Double Check

Australian Dollar: $0.6693 USD (down $0.0027 USD)
Iron Ore: $108.25 USD (down $0.75 USD)
Oil Price : $58.22 USD (up $2.02 USD)
Gold Price: $4,456.72 USD (down $0.58 USD)
Copper Price: $5.7915 USD (down 0.0565 USD)
Dow Jones: 49,235.09 (up 239.01 points)

Media Man Favs

TKO Group Holdings Inc $202.09 -0.85 -0.42%

Tesla Inc $435.80 +4.39 +1.02%

Rio Tinto Ltd $144.53 -8.10 -5.31% (ASX)

Netflix Inc $90.53 -0.19 -0.21%

Porsche Automobile Holding SE Unsponsored Germany ADR $4.45 -0.020 -0.45%

Mercedes Benz Group ADR $17.42 -0.11 - 0.63%

Volvo ADR (Parent of Mack Trucks) $33.31 -0.100 -0.30%

Microsoft Corp $478.11 -5.36 -1.11%

Wynn Resorts Ltd $118.27 +1.90 +1.63%

MGM Resorts International $35.15 +1.03 +3.03%

News

Australia

ASX gains on tech and health; Ansell dives 6pc

The Australian sharemarket posted a modest gain on Thursday, with the S&P/ASX 200 adding 0.3 per cent to close at 8,72.8 points. WiseTech Global was up 2.2 per cent at $68.28, CSL advanced 2.6 per cent to $174.45 and Monadelphous Group finished 2.2 per cent higher at $27.37. However, BHP fell 0.8 per cent to end the session at $47.34, Beach Energy was down 1.4 per cent at $1.07 and takeover target BlueScope Steel shed 1.6 per cent to close at $29.40. (RMS)

News

Employment Hero settles with rival Seek

Human resources technology company Employment Hero has dropped its legal action against recruitment firm Seek, which is both an investor in Employment Hero and a rival. Employment Hero launched its action after Seek cut off access to its application program interface (API), which is a tool that permits companies such as Employment Hero to directly post job ads to Seek and to manage job candidate applications. Employment Hero had claimed that Seek's action amounted to anti-competitive conduct, but the two firms have advised that the matter has been resolved. Employment Hero's access to Seek's API will be permanently reinstated, and a three-week hearing scheduled for September will not go ahead. (RMS)

News

Nvidia's platform to slash AI costs

Nvidia CEO Jensen Huang has used the CES, the world's biggest consumer electronics show in Las Vegas, to announce the release of a new hardware platform. Known as Rubin, it promises to reduce the cost of operating large scale artificial intelligence models by 90 per cent, while Huang also announced that Nvidia has entered into a partnership with Mercedes to create the world's first ‘thinking' and 'reasoning' car; he says Nvidia's vision is that every car and truck will be autonomous at some stage in the future (RMS)

News

Sports

As Aussies seal Ashes victory, economists hit Bazball for six

England's aggressive batting style known as 'Bazball' is under renewed scrutiny after losing the 2025-26 Ashes series 4-1. E61 Institute economists Adit Maitra and Matthew Maltman have analysed England's performance in Test matches since Bazball was introduced by incoming team coach Brendon McCullum in 2022. They found that England had initial success, winning 13 Tests during the first 18 months of the Bazball era; the team lost four matches and just one resulted in a draw. However, England's win rate has fallen sharply since the 2023 Ashes series, as opposing teams have adjusted their own playing style in response to the Bazball tactics; it should also be noted that England did not tour Australia or India - two of the highest-rated Test nations - during the initial phase of the Bazball era. (RMS)

News

Resources/Energy

Defence demand tipped to boost copper stampede

S&P Global has forecast that worldwide demand for copper will top 42 million tonnes by 2040, compared with 28 million tonnes in 2025. However, the firm warns that the demand-supply deficit could reach 10 million by 2040 unless there is a big increase in copper production. Carlos Pascual from S&P Global emphasises that copper supply is now a national security issue, given its importance to industries such as defence and artificial intelligence, and the fact that copper processing is now dominated by China. BHP, Rio Tinto and Fortescue are amongst the big miners that are ramping up their exposure to copper. (RMS)

News

'Like a sauna': World's hottest location

While 40-degree temperatures in Victoria this week amounted to a near record for that state, such temperatures are commonplace in Western Australia's Pilbara region. It is home to much of WA's $150 billion resources sector, but extreme heat there is becoming a material risk and is forcing mining companies to put in measures to protect their assets and their workforces. Dee Egan, who is a resident of the Pilbara town of Onslow, which has endured 45-degree heat for the better part of the past week, says living there feels like you are in a sauna all day. (RMS)

News

Oil stocks are cheap for a reason

Shares in Woodside Energy, Santos and Beach Energy have fallen in value by between eight per cent and 44 per cent over the last five years. In contrast, shares in the world's biggest oil companies have risen by up to 161 per cent over this period. Sharemarket experts contend that there are a number of reasons why Australian oil producers are trading at a discount; they include government policy headwinds and the fact that takeover bids are unlikely, as well as company-specific issues. Meanwhile, analysts say the Trump administation's military action in Venezuela is likely to drive the crude oil price lower, while rebuilding the nation's oil industry is expected to take years. (RMS)

News

Jan 8

ASX miner cheers Trump's 'involvement' in Greenland

Energy Transition Minerals' MD Daniel Mamadou contends that the potential for increased US involvement in Greenland is a "positive", and that it will benefit companies which operate in the Danish self-governed territory. Energy Transition Minerals is engaged in a long-running dispute with the Greenland government over its Kvanefjeld rare earths project; the deposit also contains uranium, and the government banned uranium mining in 2021. Kvanefjeld is estimated to contain up to one billion tonnes of rare earth minerals, including terbium. Energy Transition Minerals' share price rose 44.9 per cent to $0.145 on Wednesday. (RMS)

News

Nickel price offers respite for last few Australian mines

The price of nickel has risen to $US18,785 per tonne in London trading, which is its highest level since October 2024. The rally follows Vale's decision to suspend nickel production in Indonesia until the nation's government approves its annual production plan. Meanwhile, Fitch Ratings subsidiary BMI has downgraded its nickel price forecast for 2026 due to expectations that the global surplus will rise; the firm now expects the nickel price to average $US15,000 per tonne. However, BMI is upbeat about the longer-term price outlook, contending that rising demand for nickel will reduce the glut. (Roy Morgan Summary)

News

The Lead Up

January 8, 2026

Sydney, Australia to Wall Street, New York

ASX 200 futures down 4 points/0.1%: 8680
AUD -0.2% to US67.27¢
BTC $91,005.03 -1.57%

Wall St:
Dow -0.7% S&P -0.2% NAS +0.3%
VIX +0.24 to 14.99
Gold -0.8% to $US4457.23 an oz
Oil -0.9% to $US60.16 a b
Iron ore +2.4% to $US109.00 a ton

10-yr yield:
US 4.13%
AUS 4.76%

News

NYSE: News

On January 7, markets were mixed with some retreat from records as momentum cooled, but no major downturn reported.

Markets showed strength early in 2026, driven by AI optimism, chip sector gains, and positive sentiment around technology.

Latest Closes (January 6-7, 2026 session data)

Dow Jones Industrial Average (DJIA): Closed at a record 49,462.08 (up ~0.99% on January 6), briefly surpassing 49,000 for the first time before minor pullback.

S&P 500: Closed at a record 6,944.82 (up ~0.62% on January 6), with intraday highs on January 7.

Nasdaq Composite: ~23,547.17 (up ~0.65% on January 6).

NYSE Composite Index: ~22,570.82 (up ~0.62% on January 6). Key Drivers:

Semiconductor and AI-related stocks (e.g., Nvidia commentary at CES 2026, memory/storage chipmakers hitting records).

Broader market optimism despite geopolitical headlines (e.g., Venezuela developments affecting oil).
Early 2026 gains built on strong 2025 performance, with chip indexes up significantly year-to-date. (Grok)

News

Best Quotes Of The Day

Media Man

Cryptocurrency, Finance and World

"Volatility is Satoshi’s gift to the faithful." - Michael Saylor

"Bitcoin is a tool for freeing humanity from oligarchs and tyrants, dressed up as a get-rich-quick scheme." — Naval Ravikant

"We have elected to put our money and faith in a mathematical framework that is free of politics and human error." — Tyler Winklevoss

"You can't stop things like Bitcoin. It will be everywhere, and the world will have to readjust. World governments will have to readjust." — John McAfee

"Bitcoin is the most important invention in the history of the world since the Internet." — Roger Ver

"Cryptocurrency is such a powerful concept that it can almost overturn governments." — Charles Lee

"In the future, national currencies will become obsolete. Bitcoin will become the single global currency." — Jack Dorsey

"The future of finance is crypto, whether it’s in payments, contracts, or savings." — Changpeng Zhao

"Crypto offers freedom to the unbanked and hope to the underprivileged." — Elizabeth Stark

"The new frontier of innovation is in decentralization. Blockchain leads the charge." — Don Tapscott

"Digital currency is here to stay, and it’s only a matter of how long before governments embrace it." — Brad Garlinghouse

Pop Culture

Dream Matches: Fantasy Booking

Santa vs Grinch
Bulls vs Bears
Crypto King vs Mr World Bank
Citizens vs NWO
Neo vs Agent Smith
John McAfee vs You Know Who!
TKO vs Naysayers
Jake Paul, Polymarket and BETR vs Naysayers
Pro Boxing vs Newspaper Reports
VKM vs The World
Paul Bros vs Mainstream Wokes
Mr X vs Mr Bluesky
Chris Jericho vs Dirtsheets
NFL vs everyone
Zuffa vs MVP
Netflix vs World
Meta vs Australia

 

 

 

Markets/Biz/News/Energy/Resources/Pop Culture/Politics: Australia, U.S and World

Media Man Watercooler
Digital Bush Telegraph

November 2025

Nov 12

Heavy Industry Awards

Mack Trucks wins Media Man 'Truck Manufacturer Of The Month' award

Caterpillar wins Media Man 'Heavy Equipment Manufacturer Of The Month' award

Bingo Industries wins Media Man 'Contraction Brand Of The Month' award

Elders wins Media Man 'Agribusiness Of The Month' award

Landman wins Media Man 'Streaming Series Of The Month' award (Oil/mining industry based story via Paramount Plus)

Media

Google Finance wins Media Man 'Business News Website Of The Month' award; Runner-up: Yahoo! Finance

Netflix wins Media Man 'Streaming Service Of The Month' award; YouTube and Paramount Plus are runner-ups! Strong mention: Tubi

News

Markets

Nov 12

Australian Dollar: $0.6530 USD (down $0.0007 USD)
Iron Ore: $101.70 USD (down $0.45 USD)
Oil: $61.03 USD (up $0.98 USD)
Gold: $4,128.62 USD (up $15.20 USD)
Copper: $5.0675 USD (down $0.0340 USD)
Bitcoin: $102,783.42 USD (down 2.98%)
Dow Jones: 47,905.89 (up 537.26 points)

Bitcoin: (Near Live) $103,413.09 +1.76%

News

China plans to limit rare-earth magnets

Sources have indicated that the Chinese government intends to implement a 'validated end-user' system for exporting rare earths. This would allow China to comply with its commitment to US President Donald Trump to facilitate rare earths exports while ensuring that these materials are not bought by companies that are suppliers to the US military. The US adopted a similar system in 2007, which allows some Chinese companies to buy sensitive goods under a general authorisation, instead of requiring individual licences for each purchase. (RMS)

News

BHP Christmas work order penalty

The Federal Court has ordered BHP's Operation Services labour firm to compensate 85 miners who were directed to work at the Daunia coal mine in Queensland on Christmas Day and Boxing Day in 2019. Operation Services will be required to pay a total of $83,700 in compensation, plus a penalty of $15,000. The Mining and Energy Union's Queensland president Mitch Hughes says the workers had been directed to work on the public holidays with no consultation or agreement. The workers will be each be paid between $800 and $2,400 each. BHP sold the Daunia mine to Whitehaven Coal in 2024. (RMS)

Nov 11

BMC Minerals eyes $500m valuation in ASX float

BMC Minerals is seeking to raise $100m via an IPO, with shares to offered to investors at between $1.90 and $2.30 apiece. BMC's assets include the Kudz Ze Kayah base metals project in Canada, which is expected to have an initial mine life of about nine years and produce copper, nickel and silver. BMC's CEO Michael McClelland says Kudz Ze Kayah has the potential to be a globally significant project across a range of commodities; he adds that most of the capital to be raised via the IPO will be used for further exploration at the project. (RMS)

News

ATO to hold Karara to account

The latest corporate filings of iron ore producer Karara Mines show that it posted a loss of $803.4m for the 2024 calendar year. This follows a loss of $410.8m for the previous year, and Karara has now recorded a cumulative loss of more than $7.5bn since it began exporting magnetite in 2013; it also has net liabilities of $6bn. Karara is a subsidiary of Chinese state-owned Ansteel Group, and its latest financial report shows that the company's financial affairs are under scrutiny by the Australian Taxation Office. (RMS)

News

Corporate watchdog sues AVZ Minerals

The Australian Securities & Investments Commission has commenced legal action against AVZ Minerals for breaching its continuous disclosure obligations. ASIC has also accused AVZ of engaging in misleading and deceptive conduct with regard to the ownership of its Manono lithium project in the Democratic Republic of the Congo. ASIC has also named AVZ's MD Nigel Ferguson and technical director Graeme Johnston in the lawsuit, alleging amongst other things that they had breached their directors' duties. AVZ's market capitalisation peaked at $4.6bn before its shares were suspended from trading; the company was delisted in 2024. (Roy Morgan Summary)

News Lead Up

Nov 10

Sin City, Sydney, Australia
Digital Bush Telegraph
Mad Monday Money and Minerals
Salt Of The Earth

Markets (for early Aussie risers)

Australian Dollar: $0.6491 USD (up $0.0008 USD) Iron Ore: $101.45 USD (down $2.50 USD) Oil (WTI): $59.75 USD (up $0.37 USD) Gold: $4,001.21 USD (up $14.71 USD) Copper: $4.9580 USD (up $0.0110 USD) Bitcoin: $104,511.57 USD (up 2.44%) Dow Jones: 46,987.10 (up 74.80 points)

Bitcoin: (Near Live) $105,983.29 +3.94%

News

Labor's energy bill subsidies 'potentially broke the law'

Treasury's 2024-25 annual report has revealed the federal government's $2.3 billion energy bill subsidies potentially breached the Constitution, with the subsidies having been announced by Treasurer Jim Chalmers in the pre-election March budget. Treasury stated the potential breach had occurred because it did not secure appropriate written approval for the payments from Chalmers, while it also disclosed in the report that two incorrect payments totalling $25,953 had been made to small businesses under the government's Small and Medium Enterprise Guarantee Scheme. (RMS)

News

Bragg will quit frontbench if Coalition walks away from net zero, Paris Agreement

Liberal senator Andrew Bragg says he will quit the Coalition frontbench if it abandons a commitment to the Paris climate agreement and net-zero emissions, while he claims that the Coalition could "do net zero" better than Labor. Bragg claims that Labor's energy policies are a disaster and responsible for keeping energy prices high, while shadow energy minister Dan Tehan says achieving 'energy abundance' is the best way to get energy prices down. Tehan has not ruled out the idea of offering subsidies to coal and gas producers as a way of achieving energy abundance. (RMS)

News

Rare earths fuel US-China power stoush

Rare earths is the most important aspect of the trade war between the US and China, according to Kurt Campbell, who was deputy secretary of the Biden administration's State Department. Australia has a big role to play in helping the US reduce China's dominance of the rare earths market, but its private sector seems reluctant to fund rare earth projects. Arafura Rare Earths is one example, with most of the funding for its Nolans project in the Northern Territory having so far come from the federal government. (Roy Morgan Summary)

News

Bessent says new rare earth factory will cut costs, break China's 'chokehold' on industry

US Treasury Secretary Scott Bessent says EVAC's new rare-earth magnet processing centre will help cut costs and break China's "chokehold" on industry. He says facilities such as EVAC's will help the US to regain its independence in rare earths, which he notes are critical components in nearly every modern product - from smartphones and cars to wind turbines, fighter jets and missile systems. Bessent said President Donald Trump's executive order on rare earths played an important role in getting the EVAC factory built so quickly, and that around 800 construction workers helped build it. (RMS)

News

How China's rare earth chokehold could strangle Europe's military buildup

European governments are racing to re-arm their militaries as they face up to a more aggressive Russia and an increasingly isolationist US. However, that push must overcome a formidable roadblock in the shape of China's restrictions on exports of critical minerals. The nation dominates the market for rare earth metals and permanent magnets, which are used in the production of missiles, jets, drones and other military hardware. China has wielded this leverage in its trade wars with the European Union and the US. The European Commission's president Ursula von der Leyen contends that the bloc must secure independence with regard to critical minerals. In the meantime, European trade officials have been frantically engaging with their Chinese counterparts to try to secure the bloc's supply of these minerals. (RMS)

News

BHP lifts WA investment to record $944 million

BHP's latest Community Development Report shows that the resources group spent $944m on regional development, Indigenous partnerships and social programs in Western Australia during 2024-25. Amongst other things, BHP spent $737m with local suppliers, including $529m with Indigenous businesses; it also invested $101.2m in community infrastructure and provided more than 70 community grants across regional areas of the state. BHP's WA iron ore asset president Tim Day says the company's investment is aimed at driving long-term social impact. (RMS)

News

NT takes aim at Beetaloo critics

Australian-listed Tamboran Resources is leading the push to produce gas from the Northern Territory's Beetaloo Basin. The company aims to commence supplying gas to the domestic market by mid-2027. However, critics are concerned about developing the Beetaloo Basin's gas reserves because it requires the use of hydraulic fracturing. NT Treasurer Bill Yan says most of this opposition is being driven by people in NSW and Victoria; he says they enjoy reliable energy and high living standards that are made possible by fossil fuels, while seeking to block the same development in the Northern Territory. (RMS)

News

Pop Culture News

Landman (Paramount Plus)

Plot

Set against the backdrop of the booming West Texas oilfields, Landman follows Tommy Norris (Billy Bob Thornton), a crisis manager and landman for an independent oil company. Tommy navigates cutthroat deals, family tensions, and moral dilemmas while trying to keep his business afloat. The story kicks off with an investigation into a fatal accident involving an out-of-town lawyer, weaving in elements of drug cartels.

Landman is an American drama television series created by Taylor Sheridan and Christian Wallace, inspired by Wallace's podcast Boomtown. It explores the high-stakes world of the oil industry in West Texas, blending themes of fortune-seeking, corporate intrigue, and personal drama amid roughnecks, billionaires, and geopolitical shifts.

The series premiered on Paramount+ on November 17, 2024, and has been renewed for a second season.

Landman: Season 2. Trailer (Paramount Plus)
https://youtube.com/watch?v=mhzQawESdqg

"You think you understand how this business works, but you don't." Things are heating up in the final Landman trailer. Season 2 premieres November 16, 2025, only on Paramount+.

"Death and a Sunset"
November 16, 2025

"Sins of the Father"
November 23, 2025

"Almost a Home"
November 30, 2025

"Dancing Rainbows"
December 7, 2025

"The Pirate Dinner"
December 14, 2025

"Dark Night of the Soul"
December 21, 2025

"Forever Is an Instant"
December 28, 2025

"Handsome Touched Me"
January 4, 2026

"Plans, Tears and Sirens"
January 11, 2026

"Tragedy and Flies"
January 18, 2026

News

Gold Movie

Gold is a 2016 American epic crime drama film directed by Stephen Gaghan and written by Patrick Massett and John Zinman. The film stars Matthew McConaughey, Édgar Ramírez, Bryce Dallas Howard, Corey Stoll, Toby Kebbell, Craig T. Nelson, Stacy Keach and Bruce Greenwood. The film is loosely based on the true story of the 1997 Bre-X mining scandal, when a massive gold deposit was supposedly discovered in the jungles of Indonesia; however, for legal reasons and to enhance the appeal of the film, character names and story details were changed.

Trailer

Gold (YouTube Movies and TV)
https://youtube.com/watch?v=yc0S96OZhi0

Gold is the epic tale of one man's pursuit of the American dream, to discover gold. Starring Oscar® winner Matthew McConaughey (Interstellar, Dallas Buyers Club, The Wolf Of Wall Street) as Kenny Wells, a modern day prospector desperate for a lucky break, he teams up with a similarly eager geologist and sets off on an amazing journey to find gold in the uncharted jungle of Indonesia. Getting the gold was hard, but keeping it would be even harder, sparking an adventure through the most powerful boardrooms of Wall Street. The film is inspired by a true story.

News

Best Quotes

The best and biggest gold mine is in between your ears."

"You are a gold mine of potential power. You have to dig to find it and make it real."

"Your mind is like a gold mine, if you dig deep you will find something golden."

"Don't die without mining the gold in your mind."

"We're like goldfields. Until we dig deep to find what's inside us, our true potentials may be hidden forever."

"If you want to find gold, you've got to love the process of digging."

"Even if you're sitting on a gold mine, you still have to dig."

"Develop men the same way gold is mined"

"Don't go into the mine looking for dirt; instead, go in looking for the gold."

"A prospector's job is to remove dirt as quickly as possible"

"A prospector who analyses every speck of dirt won't find much gold"

"The world is sitting on a gold mine but knows it not." "Make new friends, but keep the old; Those are silver, these are gold."

"All that is gold does not glitter."

"Gold is forever. It is beautiful, useful, and never wears out"

"Gold is the money of kings"

"Mining is the art of exploiting mineral deposits at a profit. An unprofitable mine is fit only for the sepulcher of a dead mule."

"Anyone can find the dirt in someone. Be the one that finds the gold."

"True gold fears no fire."

"The desire of gold is not for gold. It is for the means of freedom and benefit."

"Make new friends, but keep the old; Those are silver, these are gold."

"When taken for granted, gold in one's hand is sometimes considered like cheap copper – so are people."

Media Man

Roy Morgan wins Media Man 'News Services Provider Of The Month' award; Runner-ups: X, Google News, Yahoo! Finance

 

 

 

 

 

 

 

News, Markets, Comms and Culture

May 15, 2025

Sydney, Australia

Markets

Australian Dollar: $0.6420 USD (down $0.0050 USD)
Iron Ore June Spot Price (SGX): $101.70 USD (up $2.10 )
Oil Price (WTI): $62.89 USD (down $0.74)
Gold Price: $3,179.41 USD (down $72.13)
Copper Price (CME): $4.6435 USD (down $0.0650)
Bitcoin: $103,541.08 USD (down 0.93%)
Dow Jones: 42,051.06 (down 89.37 points)

News

Australia

Miners, energy help ASX to sixth day of gains

The Australian sharemarket posted a modest gain on Wednesday, with the S&P/ASX 200 adding 0.1 per cent to close at 8,279.6 points. Fortescue was up 2.2 per cent at $16.97, Woodside Energy rose 3.4 per cent to $22.31 and the Commonwealth Bank firmed 0.8 per cent to end the session at $167.50. However, Insignia Financial shed 15.8 per cent to finish at $3.37 and Aristocrat Leisure was down 8.9 per cent at $62.10. (Roy Morgan Summary)

News

Media

CNN and Fox take on their own legacies with new streaming services

Fox Corporation is set to launch its third streaming service in the US. Fox One will feature content from across the media group's operations, including news, sport and entertainment. It will complement Fox Corp's existing Fox Nation streaming news channel and Tubi, a free advertising supported general entertainment streaming platform. Meanwhile, Warner Bros Discovery-owned CNN plans to launch a news streaming service that will be bundled with subscriptions to http://cnn.com. Fox Corp and CNN are both confident that their new streaming products will not cannabilise the customer base for their cable TV services. (RMS)

News

Rio shows we must invest in green iron: Fortescue boss

Rio Tinto recently advised that the iron content of its flagship 'Pilbara Blend Fines' product will be downgraded by nearly one percentage point, to 60.8 per cent; BHP had previously reduced the iron content of two iron ore products in 2024. Fortescue CEO Dino Otranto says the trend underlines the need for Australia to invest in more domestic refining, in order to produce higher-grade iron ore. Otranto has indicated that Fortescue is on track to finish construction of a green iron plant at its Christmas Creek iron ore hub and produce commercial quantities of green iron by the end of 2025. (Roy Morgan Summary)

News

Beware the rally in iron ore above $US100, it might not last

The iron ore price has peaked at more than $US101 per tonne in Singapore trading on Wednesday, which is its highest level in about six weeks. Factors such as the easing of trade tensions between the US and China have bolstered the price of the steel input, although market watchers say the rebound is unlikely to be sustained. Headwinds include steel production cutbacks in China and a looming increase in global iron ore supply as new projects in Africa start to commence shipments. (RMS)

News

Core Lithium plan to revive mothballed Finniss

Perth-based Core Lithium has advised that it may resume operations at its Finniss mine in the Northern Territory. The mine was placed in 'care and maintenance' mode in 2024, in response to a sharp downturn in the price of lithium. Core hopes a plan to significantly reduce mining and processing costs at Finniss, while also boosting productivity, will enable the mine to reopen. CEO Paul Brown says the quality of the Finniss deposit and its proximity to the Port of Darwin gives it an advantage over rival lithium mines in Western Australia. (RMS)

News

Australian Mining News

WA Mining Conference and Exhibition: Scheduled for October 8–9, 2025, in Perth, this event will focus on critical minerals, mine waste management, and innovative technologies shaping the industry’s future. It aims to be a key platform for networking and industry insights.

Global Resources Innovation Expo (GRX25): Set for May 20–22, 2025, in Brisbane, GRX25 will feature industry leaders like Owen Hegarty, discussing transformation and sustainability in mining.

Carbine Resources: The company secured a 21-year mining lease for its Muchea West silica sand project in Western Australia, marking a significant milestone.

Federal Government Cabinet: Following the re-election of Prime Minister Anthony Albanese, the new cabinet has been welcomed by mining bodies. The government is pushing the Critical Minerals Production Tax Incentive (10% refundable tax offset for processing 31 critical minerals) and a Hydrogen Production Tax Incentive ($2/kg for renewable hydrogen).

Prospect Awards 2025: Nominations are open for the Australian Mining Prospect Awards, recognizing excellence in safety, occupational health, and industry leadership.

Legacy Minerals: The company is advancing the Nico Young nickel-cobalt project in New South Wales, leveraging prior work by Jervois Global to reduce costs and accelerate development.

Rio Tinto’s Winu Project: Rio Tinto and Sumitomo Metal Mining signed final joint venture agreements for the Winu copper-gold project in Western Australia’s Great Sandy Desert.

Sibanye-Stillwater: The company reported a 92% increase in zinc production (25,000 tonnes) at its Century zinc retreatment operation in Queensland for the March 2025 quarter, with a feasibility study for the Mt Lyell copper mine in Tasmania due by late 2025.

Tivan’s Speewah Fluorite Project: Tivan formed a joint venture with Sumitomo Corporation, supported by a $5.3 million investment and government funding, to develop Australia’s first fluorite operation in Western Australia.

Hillgrove Resources: The Kanmantoo copper mine in South Australia produced 811 tonnes of copper in April, with annual guidance set at 12,000–14,000 tonnes for 2025.

Critical Minerals and Sustainability: Australia’s mining sector is poised to lead in the global energy transition, with growing demand for critical minerals and a focus on innovation and sustainable practices.

Queensland Mining Coroner: Wayne Pennell was appointed Queensland’s first mining and resources coroner to investigate fatalities and address a backlog of inquests, enhancing safety accountability.

Social Media Sentiment: Posts on X highlight ongoing exploration (e.g., Verity Resources’ Monument Gold Project) and acquisitions (e.g., Terra Metals’ Dante Project expansion), reflecting active industry momentum. However, a 119% mining rate hike by a Goldfields council has sparked concern among local explorers. (Grok)

News

Pop Culture/Entertainment

Media Movies

Network (1976) - Directed by Sidney Lumet, this satirical drama follows a TV network exploiting a deranged anchor’s rants for profit, highlighting media sensationalism. Stars Faye Dunaway and Peter Finch.

Nightcrawler (2014) - A thriller by Dan Gilroy about a drifter (Jake Gyllenhaal) who becomes a freelance crime journalist, blurring ethical lines for fame. It’s a sharp critique of modern media’s vulture-like tendencies.

Zodiac (2007) - Directed by David Fincher, this film chronicles a cartoonist-turned-detective’s obsession with the Zodiac Killer, exploring media’s role in public fear and fascination.

Citizen Kane (1941) - Orson Welles’ classic traces the life of a newspaper magnate, loosely based on William Randolph Hearst, examining media power and personal ambition.

Sweet Smell of Success (1957) - A biting satire about a ruthless press agent and a powerful columnist, showcasing media manipulation with sharp dialogue.

News

Gold: Movie

Gold (2016) is a crime drama inspired by the 1990s Bre-X mining scandal. Matthew McConaughey stars as Kenny Wells, a prospector who partners with geologist Michael Acosta (Édgar Ramírez) to find gold in Indonesia. After striking it rich, their success unravels amid fraud and betrayal. Directed by Stephen Gaghan, the film explores greed and ambition but received mixed reviews for its uneven tone and pacing. It grossed $14.8 million against a $20 million budget. Available on platforms like Hulu or Amazon Prime (check current listings). (Grok)

News/Profile

Gold (1974)

Gold (1974) is a British thriller directed by Peter R. Hunt, based on Wilbur Smith's novel Gold Mine. Set in South Africa, it follows Rod Slater (Roger Moore), a mining engineer, who uncovers a conspiracy to flood a gold mine to manipulate global gold prices. The plot involves corporate greed, sabotage, and high-stakes action, with Slater racing to stop the scheme.

Cast: Roger Moore, Susannah York, Ray Milland, Bradford Dillman.

Key Details: 120 min, rated PG, released August 1974 (UK). Filmed on location in Johannesburg, featuring intense mining scenes.

Reception: Mixed reviews; praised for action and Moore’s charisma, criticized for pacing and dated elements. IMDb rating: 5.7/10.

Availability: Limited streaming; available for rent/purchase on platforms like Amazon or on DVD.

News

Bitcoin Movies Streaming

Money Electric: The Bitcoin Mystery (2024, HBO)

A documentary by Cullen Hoback exploring Bitcoin’s origins and the identity of Satoshi Nakamoto. It’s a thrilling investigation into Bitcoin’s rise and its potential impact on global finance.

Streaming: Available on HBO’s streaming platform, Max. Check JustWatch for additional services or free options like Apple TV+ trials.

Bitconned (2024, Netflix) A true-crime documentary about three individuals who scammed millions in the unregulated crypto market to fund lavish lifestyles. Streaming: Exclusively on Netflix.

Banking on Bitcoin (2016)

A popular documentary diving into Bitcoin’s impact, its challenge to centralized banking, and its early history. It’s a great pick for understanding Bitcoin’s ethos. Streaming: Available on Amazon Prime Video (free for subscribers), Fandango at Home, and for purchase/rent on Amazon, YouTube Primetime, or Apple TV.

The Rise and Rise of Bitcoin (2014)

Follows programmer Daniel Mross and early Bitcoin adopters, offering insights into Bitcoin’s volatile early days. Ideal for beginners.
Streaming: Available on Prime Video, Fandango at Home, and for purchase on iTunes or Amazon.

Bitcoin: The End of Money as We Know It (2015)

A concise documentary tracing the history of money and Bitcoin’s potential to disrupt fiat systems. Features experts like Andreas Antonopoulos.

Streaming: Available on Amazon Prime, YouTube, and Fandango at Home. Free on YouTube in some regions (e.g., Ulterior States).

Notes on Streaming with Bitcoin:

Major platforms like Netflix and HBO Max don’t directly accept Bitcoin payments. However, you can use crypto via gift cards purchased from platforms like Bitrefill, Coinsbee, or eGifter, which offer cards for services like Amazon, Fandango, or Rakuten, usable for streaming or movie tickets.

For example, Bitrefill sells Showtime or Rakuten gift cards (for US, Spain, Portugal, Italy) payable with Bitcoin, Ethereum, or Dogecoin.

Crypto debit cards from providers like http://Crypto.com or Coinbase can also convert Bitcoin to fiat for subscriptions or purchases at non-crypto-accepting platforms.

Additional Tips:

Check platforms like JustWatch or IMDb for real-time streaming availability, as services change frequently.

Some older documentaries, like Ulterior States (2014), are freely available on YouTube, offering ideological perspectives on Bitcoin’s early days.

Be cautious with free streaming sites; some, like Openload or Streamango, have been linked to crypto-jacking schemes that mine Monero using your device’s CPU. (Grok)

 

 

 

 

 

 

 

 

Markets and Cryptos

Markets:

April 23, 2025

ASX futures up 103 points/1.3% to 7939
AUD -0.7% at US63.68¢
BTC +4.5% to $US91,358
Dow +2.7%
S&P +2.1%
NAS +2.5%
Gold -1.5% to $US3371.27 an ounce
Oil +1.5% at $US67.22 a barrel
Iron ore -0.7% at $US98.65 a ton

Cryptos Today:

Bitcoin $91,075.31 USD +4.29%
ETH $1,695.23 USD +7.53%
Tether $1.00 USD -0.02%
XRP $2.16 USD +3.57%
BNB $607.70 USD +1.95%
Solana $144.34 USD +5.47%
USD Coin $0.9994 USD -0.08%
Dogecoin $0.1728 USD +9.13%

 

 

Gaming And Casino News

April 2025

Star Entertainment is a ‘new operator’ despite ‘sins of the past’

 

Inside Asian Gaming Chief Executive Andrew W Scott says Star Entertainment will have nothing to do with the “sins of the past”.

“Bally’s have got the opportunity to say look, we’re a new operator, we have nothing to do with the sins of the past,” Mr Scott said.

“I think they didn’t want to let it rain to receivership because they felt that would be too complicated, they wanted to pick it up as a going concern … and see if they can turn it around.”

News

Star Entertainment: News

Star Entertainment Group, an Australian casino operator, has been in the spotlight in April 2025 due to significant financial and operational developments. Here’s a concise overview of the latest news based on available information:

Financial Struggles and Rescue Deal: Star

Entertainment reported a $300 million half-year loss for the period ending December 2024, driven by a 25% revenue decline to $650 million. Stricter payment regulations, including mandatory pre-paid cards to curb money laundering, have pushed gamblers toward pubs and clubs, hurting Star’s market share. The company secured a $300 million investment from Bally’s Corporation and Investment Holdings (linked to the Mathieson family), with $100 million injected in April 2025, providing critical liquidity. Star’s cash reserves were at $98 million as of April 11, 2025, narrowly avoiding collapse.

Bally’s Takeover and Overhaul Plans: Bally’s, a U.S. casino giant, is set to control about 56% of Star’s capital, pending regulatory approval. Bally’s chairman, Soo Kim, emphasized a “back-to-basics” approach, aiming to strip away the luxury focus of Star’s casinos (Sydney, Brisbane, and Gold Coast) and make them more accessible, likening them to large-scale RSL clubs. Kim noted Bally’s history of turning around distressed properties but acknowledged Star’s turnaround as a significant challenge.

Operational and Market Challenges: Star’s Brisbane casino, Queen’s Wharf, was written down in value, and its sale to partners Far East Consortium and Chow Tai Fook Enterprises provided $53 million. The company faced a trading halt in February 2025 due to delayed financial reporting, with shares resuming trading on April 16 at 11 cents, briefly jumping 14% before crashing. Regulatory issues, including a $100 million fine and a suspended license, continue to weigh on the company.

Leadership and Strategic Focus: CEO Steve McCann highlighted the “very challenged” trading environment but is now focusing on revenue growth following the rescue deal. Bally’s pitched its investment after Star failed to secure a $940 million lifeline from Salter Brothers, signaling a shift in strategy to stabilize operations.

Critical Perspective: While Bally’s intervention offers a lifeline, Star’s deep losses and regulatory burdens suggest a tough road ahead. The shift to a less glamorous, mass-market model may alienate high rollers, and stricter regulations could continue to erode revenue. The narrative of a “rescue” should be scrutinized, as Bally’s own motivations—acquiring a distressed asset at a discount—may prioritize its interests over Star’s long-term viability.

 

 

 

 

 

 

World News, Biz, Markets, Resources, Politics, Media

April 4, 2025

Tariff wars made the dollar a risky asset

Gold

Movements in metals have been monumental. A 3% rise deep into the region of all-time highs for Gold was followed by a collapse of more than $100 from $3,170 to $3,050 an ounce. On Friday, trading stabilised near $3100, minimally adding to levels at the opening of the week.

Tactically, this is a good time for the bulls to exhale and lock in profits. This is confirmed by the fulfilment of an important growth target and the entry into extreme overbought on weekly timeframes on RSI. Multi-week corrections started in similar conditions in 2024.

Oil

Oil took a double hit in the week in less than 24 hours when it came under pressure from the macroeconomy due to tariffs and OPEC+ actions. Tired of waiting for the global economy to accelerate, the Cartel switched gears in the battle for market share, pledging to ramp up production faster than the previously announced plan.

Similar moments occurred in March 2020 and December 2014. On both occasions, oil dipped below $30 a barrel before finding support in the form of coordinated action by global producers. In theory, coordination is now at a higher level, but that doesn't negate the powerful pressures expected due to the trade shock and supply expansion.

Technically, oil is breaking through the bottom of the three-year range, and the 50-week moving average worked as resistance for the third time since September. (FxPro)

News

Cryptos Today

BTC. $83,789.09. 0.70%
ETH. $1,812.44. 0.36.
USDT. $0.9997. 0.00%
XRP. $2.1330. 2.61%
BNB. $596.22. 0.09%
SOL. $120.95. 3.74%
USDC. $1.0000. 0.01%
DOGE. $0.1696. 3.20%

News

Markets

ASX 200 futures are pointing down 93 points/1.2 per cent to 7786

AUD +0.4% to US63.22¢

Bitcoin -4.7% to $US82,018

Wall St:
Dow -4%
S&P -4.8%
Nasdaq -6%
VIX +8.26 to 29.77
Gold -0.9% to $US3108.38 an ounce
Brent oil -6.7% to $US69.91 a barrel
Iron ore -1.5% to $US101.25 a tonne
10-year yield: US 4.04% Australia 4.26%

News

Germany Considers Gold Withdrawal from U.S. Vault

Germany is contemplating the withdrawal of approximately 1,200 tons of gold, valued at around $124 billion, from a U.S. Federal Reserve vault in New York. This consideration comes in the context of recent U.S. tariffs imposed by President Trump. The decision-making process involves senior officials from the Christian Democratic Union (CDU) Party, who are set to lead the next German government in the Bundestag. The potential repatriation of gold has not occurred since World War II, highlighting the significance of the current deliberations. (Grok)

News

Bitcoin Holds Steady Amid Stock Market Turmoil

On April 4, 2025, the US stock market experienced a significant drop, with over $1.5 trillion in value being erased. Amidst this turmoil, Bitcoin has shown resilience, maintaining its value around $80,000. Some observers and investors view this as a sign of Bitcoin decoupling from traditional financial markets and emerging as a potential safe haven asset, similar to gold. US Treasury Secretary Scott Bessent has publicly stated that 'Bitcoin is becoming a store of value,' reflecting a viewpoint that is gaining traction among some in the financial community. (Grok)

News

Coffee Tariffs Prompt Debate on U.S. Production

The United States is currently facing a discussion around proposed tariffs on imported coffee, which could impact consumer prices. While coffee is grown in the U.S., primarily in Hawaii, the production volume is significantly less than the national demand. Increasing domestic production to meet this demand presents logistical and time-related challenges, as coffee plants require several years to mature and produce a full crop. Opinions vary on the feasibility and desirability of relying more heavily on American-grown coffee to circumvent the potential tariff-induced price increases.

 

Markets

April 4, 2025

ASX futures down 74 points or 0.9% to 7805

AUD +0.6% to US63.35¢

Bitcoin -4.6% to $US82,296

Wall St:

Dow -3.3%
S&P -4.1%
Nasdaq -5.2%
VIX +6.02 to 27.53
Gold -0.7% to $US3112.12 an ounce
Brent oil -6.5% to $US70.09 a barrel
Iron ore -1.5% to $US101.25 a tonne
10-year yield: US 4.05% Australia 4.26%

Cryptos Today:

BTC. $81,846.87. 5.49%
ETH. $1,774.30. 6.24.
USDT. $0.9997. 0.02%
XRP. $2.0101. 6.23%
BNB. $587.77. 2.64%
USDC. $1.0000. 0.01%
SOL. $113.95. 12.19%
DOGE. $0.1581. 8.06%

 

 

 

 

 

Crypto, Fintech, Markets, News and Politics via Media Man

March 12/13, 2025

The crypto bounces back from extreme fear

Market picture

The cryptocurrency market bounced 2% in the last 24 hours to $2.67 trillion. So far, the situation looks like a small rebound after the collapse. We should not talk about the beginning of recovery as long as the market is below its 200-day moving average of $2.83 trillion.

Sentiment in the crypto market has shifted from dread to fear at 34. The indicator was last higher more than three weeks ago, indicating that now is a good time to buy. However, it's worth paying attention to the nervous stock market before considering investments in more volatile cryptocurrencies.

Bitcoin was climbing above $83,000 on Tuesday, hitting resistance in the form of the 200-day moving average. If a long-term trend line is repurposed as resistance, that's a worrisome bearish fact.

Ethereum ended Tuesday with growth and was trading near $1900 at the start of Wednesday, but this is a timid rebound within the steep peak the coin has been in since February 24th and the broader downtrend of the past three months.

News Background

CryptoQuant states a sharp drop in open interest in Bitcoin and Ethereum futures, suggesting a ‘leverage washout’ and a chance of market stabilisation. The Kobeissi Letter admits a wave of short position unwinding in risk assets after extreme fear levels are reached.

Clearstream, the post-trading arm of Deutsche Börse, will offer cryptocurrency settlement and custody services to institutional clients as early as next month, starting with Bitcoin and Ethereum. It then plans to add support for other cryptocurrencies and services for staking, lending and brokerage.

Glassnode notes that Solana fell below its realised price of $134 for the first time in three years. The metrics show the average cost for investors to purchase the coin.

According to Arkham Intelligence, on 11 March, bankrupt exchange Mt. Gox transferred 11,501 BTC (~$905 million) to an unknown address. Mt. Gox-related addresses hold a total of 35,915 BTC worth $2.89bn. (FxPro)

News

SEC vs Ripple Case: Negotiations Underway for Settlement

Recent developments indicate that the legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) could be nearing a conclusion. Reports suggest that Ripple's legal team is currently negotiating more favorable terms related to a $125 million fine and an injunction on XRP sales to institutional investors. The anticipation of a settlement has led to increased interest and speculation within the cryptocurrency community regarding the outcome and its potential impact on XRP. (Grok)

News

U.S. Plans Strategic Bitcoin Reserve Acquisition

Senator Cynthia Lummis has reintroduced the BITCOIN Act, which proposes that the United States government purchase one million Bitcoins over five years to create a strategic reserve. This legislative move reflects a growing acknowledgment of Bitcoin as a digital asset for national economic strategy, garnering support from both traditional financial sectors and cryptocurrency advocates. Alongside this, there is an ongoing debate about the implications, risks, and potential benefits of such a reserve. (Grok)

News

Trump's Crypto Banking Deregulation

President Donald Trump is reportedly planning to sign an executive order that would reverse regulations set by the Biden administration aimed at restricting banking activities for cryptocurrency firms. This move could impact how crypto companies interact with the Federal Reserve, potentially leading to greater integration of cryptocurrencies within the traditional financial system. (Grok)

News

Rumble's Strategic Bitcoin Acquisition

Rumble, a video platform and competitor to YouTube, has announced the purchase of 188 Bitcoins for approximately $17.1 million. This acquisition is part of Rumble's strategy to integrate Bitcoin into its treasury management, aiming to hedge against inflation and participate in the growing trend of corporate cryptocurrency adoption. The move reflects a broader acceptance of Bitcoin as a legitimate financial asset among companies. (Grok)

News

Trump Predicts Market Surge Amid Economic Indicators

President Trump has publicly stated his belief that the U.S. financial markets are poised for significant growth, making his comments at an event with business leaders. This optimistic forecast follows recent economic indicators showing inflation cooling to levels not seen in years, despite mixed responses from markets regarding Trump's economic policies including tariffs. (Grok)

News

Ethereum's Lowest BTC Ratio Since 2020 Triggers Liquidation Risk

The Ethereum Foundation faces potential liquidation of over $100 million in assets if Ethereum's price drops to $1,100, amidst a historic low in the ETH/BTC trading ratio not seen since May 2020. This financial maneuver is part of Ethereum's strategy to manage its treasury through decentralized finance (DeFi), highlighting both the risks and innovative approaches to crypto-asset management in a volatile market. (Grok)

News

Gold funds burst out of the blocks in 2025 as returns rocket

Australian gold funds are shaping up for a bumper year as mining companies start to capitalise on record prices, helping the stocks to finally catch up to the performance of the precious metal.

Portfolio managers were left frustrated last year after a jump in production costs held back ASX-listed gold producers from riding the rally in the spot prices to record levels. The VanEck Gold Miners exchange-traded fund climbed nearly 20 per cent in 2024 versus a 38 per cent rally for the gold price in Australian dollars.

But easing cost inflation that has plagued the mining sector for the last three years and an ongoing surge in prices has seen the trend reverse course. VanEck’s Gold Miners ETF is up 17 per cent already this year while the Aussie dollar spot price has climbed 6.3 per cent.

Local fund managers are bullish that gold has much further to run after the US dollar price climbed above $US2942 an ounce for the first time and the Australian dollar gold price breached $4500 an ounce.

Victor Smorgon Partners’ Resource Gold Fund returned a chunky 13.3 per cent in January and portfolio manager Cameron Judd believes the valuations of ASX gold stocks still don’t reflect the outlook for the yellow metal.

“Gold’s performance in times of uncertainty or crisis could see it push towards $US3600,” Mr Judd said. “Despite the strong gold price performance and fundamentals supporting further appreciation, gold miners are trading at discounted valuations on the ASX.”

Wall Street’s biggest banks believe a $US3000 price tag is imminent. Citi said it was possible within the next three months, while JPMorgan has a year-end target of $US3150. Bank of America said on Thursday that gold could reach $US3500 an ounce if investment demand rises 10 per cent this year.

The unprecedented surge in the gold price has been fuelled by investors seeking safe haven assets as US President Donald Trump unleashes aggressive trade and geopolitical policies. There are fears the president will accelerate inflation, forcing central banks to raise rates in a way that damages global growth.

Victor Smorgon’s top holdings include ASX-listed Vault Minerals and the world’s largest gold miner, US-based Newmont, which recently acquired Newcrest. The fund also owns Australia’s biggest gold miner Northern Star, which agreed to buy rival De Grey in a $5 billion deal. (AFR) *Full article and coverag via subscription to The Australian Financial Review.

News

Australia

Northern Star paying top dollar for gold rival

Northern Star has offered $5 billion to buy De Grey Mining, with De Grey shareholders to vote on the offer on 16 April. De Grey is the company behind the Hemi gold prospect in Western Australia, which is thought to hold at least 11 million ounces of gold and which is slated to produce 530,000 ounces annually in its first decade of operation. KPMG, which was engaged to provide an independent assessment of Northern Star's offer, has valued DeGrey at between $4 billion and $4.79 billion, inclusive of a premium for control. It concludes that the offer is "fair and reasonable and therefore is in the best interests of De Grey shareholders, in the absence of a superior proposal". (Roy Morgan Summary)

News

March 12, 2025

Crypto market tumbles after stocks

Market picture

Crypto market capitalisation has been falling to $2.5 trillion following the rumbling fall of the US stock market. It is dipping below the peaks of early 2024 and late 2021. Previously, a similar decline would complete a corrective pullback, attracting buyers. However, the chances of such an outcome are now lower than in previous years due to the powerful influence of traditional financial companies, which has strengthened the link between the crypto market and stock dynamics.

For now, though, we can argue that there is less terror in crypto. The Fear and Greed Index is at 24 (+4 points for the day), while the low point was a week earlier at 10.

Bitcoin slipped towards $76.5K in the early hours of Tuesday but has popped above $80K at the time of writing, approaching Monday’s consolidation levels. A bearish pattern persists on the daily timeframes, which suggests a strengthening sell-off after a failure under the 200-day moving average. The scenario of a pullback to the $70-74K area still looks the most probable for us. This is all the truer as the consolidation and rebound in early March has taken the short-term oversold stance out of the market.

Ethereum is trying to find a pivot point after falling towards $1750 at the start of Tuesday. These were the lowest values in the last 17 months. On weekly timeframes, the RSI oscillator hit its lowest point since mid-2022 - near the bottom of the bear market. Does this signify an opportunity for the recklessly bold or a breakdown in the leading altcoin? We will find out in the coming days.

News Background

According to CoinShares, global crypto fund investments fell by $876 million last week after record outflows of $2.911 billion a week earlier. Investments in Bitcoin fell by $756 million; in Ethereum, by $89 million. Investments in Solana rose by $16 million, in XRP by $6 million, and in Sui by $3 million.

As a result of another recalculation, Bitcoin mining difficulty increased by 1.43% to 112.15T. The growth did not compensate for a 3.15% drop two weeks ago. However, the figure came close to the all-time high of 114.17T reached in January.

Strategy (former MicroStrategy) intends to raise $21bn through the sale of preferred shares as part of its At-The-Market program. The proceeds will be used to buy Bitcoin and other corporate purposes. (FxPro)

News

March 11, 2025

US Senator And Congressman Introduce Strategic Bitcoin Reserve Bills To Buy One Million BTC

Speaking at the “Bitcoin for America” summit, lawmakers announced their plans to create a federal bitcoin reserve that would see the U.S. buy one million BTC.

Today at the Bitcoin Policy Institute’s “Bitcoin for America” summit in Washington DC, U.S. Senator from Wyoming Cynthia Lummis announced that she is going to reintroduce her strategic Bitcoin reserve legislation in the Senate today.

“I am so pleased to announce that today I will be reintroducing The Bitcoin Act,” Senator Lummis stated. “And I’ll be joined here shortly by Senator Justice of West Virginia, who is one of the cosponsors. And we have several other additional cosponsors. And a lot of it is a result of the excitement that’s been building.” (Bitcoin Magazine). *Full article via Bitcoin Magazine

News

XRP wins Media Man 'Crypto Of The Month' award

News

Markets

Australian Dollar: $0.6317 USD (up $0.0020 USD)
Iron Ore Apr Spot Price (SGX): $100.60 USD (up $0.15 USD)
Oil (WTI): $67.70 USD (up $1.14 USD)
Gold: $2,931.74 USD (up $13.03 USD)
Copper (CME): $4.8425 USD (up $0.0500 USD)
Bitcoin: $82,880.91USD (up 0.32% in last 24 hours)
Dow Jones: 41,350.93 (down 82.55 points)

News

Roy Morgan wins Media Man 'News Services Company Of The Month' award

News Media

Australia

Peter Dutton More Crypto Friendly And Switched On Than Albanese (Media Man Group)

News

"Dutton A Genuine Contender" (Sky News Australia)

 

March 10, 2025

ASX futures are pointing up 69 points, or by 0.9 per cent, to 8011.

All US prices are as of 4.15pm Sunday in New York:

Bitcoin -3.7% to $US83,138
On Wall St: Dow +0.5% S&P +0.6% Nasdaq +0.7%
VIX -1.5 to 23.37
Gold -0.1% to $US2909.10 an ounce
Brent oil +1.3% to $US70.36 a barrel
Iron ore +0.3% to $US100.70 a tonne
10-year yield: US 4.3% Australia 4.4%

 

January 10, 2025

ASX futures up 33 points or 0.4%

AUD -0.3% to 61.98 US cents
UK pound -0.4% to $US1.2309
Bitcoin -2.9% to $US91,275 at 7.23am AEDT
US markets closed for Jimmy Carter’s funeral
Stoxx 50 +0.4% FTSE +0.8% DAX -0.1% CAC +0.5%
Spot gold +0.3% to $US2671.00/oz at 1.55pm in New York
Brent crude +1.2% to $US77.08 a barrel
Iron ore +1% to $US97.40 a tonne
10-year yield: US 4.69% Australia 4.48% Germany 2.56%
US prices as of 1.59pm in New York

 

 

 

News

TKO AND WESTERN AUSTRALIAN GOVERNMENT EXPAND PARTNERSHIP TO BRING UFC AND WWE EVENTS TO PERTH
WWE to Take Over RAC Arena with a Premium Live Event,

Friday Night SmackDown, and Monday Night Raw

UFC to Return to Perth with Two Events, Including Blockbuster Pay-Per-View


PERTH, WESTERN AUSTRALIA AND NEW YORK, NY – TKO Group Holdings, Inc. (NYSE: TKO), together with the Western Australian Government (WA Government), today announced an expansion of their partnership for Perth to host four additional UFC and WWE events through 2026.

In addition, under a previous agreement with the WA Government, RAC Arena will host one UFC FIGHT NIGHT later this year. In total, Perth will host five UFC and WWE events over the next two years.

Said the Hon. Roger Cook MLA, Premier of Western Australia, "The return of UFC and WWE in 2025 is a major coup for Western Australia, following the roaring success of UFC 284 and WWE Elimination Chamber that collectively injected nearly $50 million into our economy last year. Both UFC and WWE have proven to be huge drawcards with a dedicated fan base, and we expect to see thousands of out-of-state visitors travel to Perth to attend these blockbusters.

Added Peter Dropick, Executive Vice President, Event Development and Operations for TKO, “Perth is a world-class city, home to many passionate UFC and WWE fans, and we’re thrilled to expand this partnership with the WA Government. Perth’s tourism hospitality is second to none, and UFC and WWE will proudly showcase the city and its wonderful people to the world through our global broadcasts reaching more than one billion homes across 170 countries. We thank Premier Cook and the WA Government for making this possible.”

WWE’s return to Perth will feature a massive weekend takeover later this year across three nights at RAC Arena, featuring SmackDown®, a Premium Live Event, and Raw®. These events follow the incredible success of WWE Elimination Chamber: Perth in February 2024, which attracted more than 52,000 fans to Optus Stadium and marked WWE’s long-awaited return to Australia—a milestone the WA Government played a key role in bringing about.

In 2024, UFC and the WA Government announced an agreement to bring two events to Perth over two years. The first event, UFC® 305: DU PLESSIS vs. ADESANYA, was a record-breaking achievement, attracting a sold-out crowd of more than 14,000 fans and setting the mark for the highest-grossing event in RAC Arena history, breaking UFC’s own record set in 2023 with UFC® 284: MAKHACHEV vs. VOLKANOVSKI. The second event under this original agreement with the WA Government, UFC FIGHT NIGHT, will be held at RAC Arena later this year.

Details for all five upcoming UFC and WWE events at RAC Arena, including ticket on-sale dates, bout cards, and participating WWE Superstars, will be announced in the months ahead.

Fans interested in an exclusive WWE presale opportunity can register now at: wwe.com/WWEAustralia2025.

Likewise, UFC fans can visit ufc.com/perth to register for exclusive UFC presale opportunities.

VIP Experience packages for all these events will also be available via On Location, TKO’s Official VIP Experience Provider. These exclusive packages offer premium seating, VIP access to events, all-inclusive hospitality, meet-and-greets with athletes and WWE Superstars, and more. Additional information will be made available at onlocationexp.com/perth

###

About UFC®

UFC® is the world’s premier mixed martial arts organization (MMA), with more than 700 million fans and approximately 300 million social media followers. The organization produces more than 40 live events annually in some of the most prestigious arenas around the world while broadcasting to over 950 million households across more than 170 countries. UFC’s athlete roster features the world’s best MMA athletes representing more than 70 countries. The organization’s digital offerings include UFC FIGHT PASS®, one of the world’s leading streaming services for combat sports. UFC is part of TKO Group Holdings (NYSE: TKO) and is headquartered in Las Vegas, Nevada. For more information, visit UFC.com and follow UFC at Facebook.com/UFC and @UFC on X, Snapchat, Instagram, and TikTok: @UFC.

About WWE

WWE® is an integrated media organization and the recognized global leader in sports entertainment. The company consists of a portfolio of businesses that create and deliver original content 52 weeks a year to a global audience. WWE is committed to family-friendly entertainment on its television programming, premium live events, digital media, and publishing platforms. WWE’s TV-PG programming can be seen in more than 1 billion households worldwide in more than 20 languages through world-class distribution partners including NBCUniversal, The CW, Sony India and Netflix. In the United States, NBCUniversal’s streaming service, Peacock, is the exclusive home to all premium live events, a variety of original programming and a massive video-on-demand library. Netflix is the exclusive home for WWE programming around the world, other than select international markets. WWE is part of TKO Group Holdings (NYSE: TKO). Additional information on WWE can be found at wwe.com and corporate.wwe.com.

About TKO

TKO Group Holdings, Inc. (NYSE: TKO) is a premium sports and entertainment company. TKO owns iconic properties including UFC, the world’s premier mixed martial arts organization; WWE, the global leader in sports entertainment; and PBR, the world’s premier bull riding organization. Together, these properties reach 210 countries and territories and organize more than 500 live events year-round, attracting more than three million fans. TKO also services and partners with major sports rights holders through IMG, an industry-leading global sports marketing agency; and On Location, a global leader in premium experiential hospitality. TKO is majority owned by Endeavor Group Holdings, Inc. (NYSE: EDR), a global sports and entertainment company.

 

Pro Wrestling

August - September 2024

WWE Raw - Bronson Reed Destroys Seth Rollins with numerous Tsunami's on RAW

All Elite Wrestling - Kyle Fletcher gets a strong promotional push

WWE - Rhea Ripley and Damian Priest are now the Terror Twins; Target Judgment Day

WWE - Grayson Waller and Austin Theory continue to have miscommunications

WWE - Dakota Kai (New Zealand) continues to improve and impress

AEW - "Switchblade" Jay White remains one of the top workers in the promotion and world

 

Markets

January 4, 2025

ASX futures up 23 points or 0.3% near 8am AEDT

AUD +0.2% to 62.16 US cents

Bitcoin +1.2% to $US98,195 at 8.27am AEDT

On Wall St at 4pm: Dow +0.8% S&P +1.3% Nasdaq +1.8%

In New York: BHP -0.8% Rio -0.3% Atlassian +3.3%

Tesla +8.2% Apple -0.2% Nvidia +4.7% Microsoft +1.1%

Alphabet +1.3% Amazon +1.8% Meta +0.9%

Mara +14.1% MicroStrategy +13.2% Iren +8.4%

VIX -1.8 to 16.13 QQQ +1.6% TLT -0.3%

Stoxx 50 -0.9% FTSE -0.4% DAX -0.6% CAC -1.5%

Spot gold -0.7% to $US2639.37oz at 4.51pm in New York

Brent crude +0.9% to $US76.58 a barrel

Iron ore -2.6% to $US98.30 a tonne

10-year yield: US 4.60% Australia 4.38% Germany 2.42%

US prices as of 4.54pm in New York

 

Markets and Commodities

November 1, 2024

Australian Dollar: $0.6579 USD (up $0.0009 USD)

Iron Ore Nov Spot Price (SGX): $104.10 USD (up $0.30 USD)

Iron Ore Dec Spot Price (SGX): $103.80 USD (up $0.28 USD)

Oil Price (WTI): $70.51 USD (up $1.57 USD)

Gold Price: $2,746.76 USD (down $38.62 USD)

Copper Price (CME): $4.3600 USD (up $0.0030 USD)

Bitcoin: $69,991.53 USD (down 2.58% in last 24 hours)

Dow Jones: 41,763.46 at 4.09pm NY time (down378.08 points on yesterday's close)

 

 

Markets and Commodities

October 10, 2024

Australian Dollar: $0.6710 USD (down $0.0040 USD)

Iron Ore Nov Spot Price (SGX): $105.15 USD (unchanged - public holiday)

Oil Price (WTI): $73.36 USD (down $0.55 USD)

Gold Price: $2,607.14 USD (down $15.75 USD)

Copper Price (CME): $4.4080 USD (down 0.0605 USD)

Bitcoin: $60,908.07 USD (down 2.11% in last 24 hours)

Dow Jones: 42,512.00 at 4.20pm NY time (up 431.63 points on yesterday's close)

 

 

 

 

Media Man is delighted to help assist Australian based pro wrestling promoters

 

 

 

New Japan Tamashii (Oceania)

 

 

 

 

Market, Commodities and Financial News Snapshot via Media Man

October 7, 2024

ASX futures up 26 points or 0.3% to 8215 near 6am AEST

AUD +0.1% to US68.01¢

Bitcoin +1.3% to $US62,692

US 10-year yield +13bp to 3.97%

Dow +0.8% S&P +0.9% Nasdaq +1.2%

FTSE flat DAX +0.6% CAC +0.9%

Gold -0.1% to $US2653.60 an ounce

Brent oil +0.6% to $US78.05 a barrel

Iron ore -0.3% to $US108.70 a tonne

 

 

Markets and Commodities

October 7, 2024

Australian Dollar: $0.6786 USD (down $.0054 USD)

Iron Ore Nov Spot Price (SGX): $108.70 USD (down $0.05 USD)

Oil Price (WTI): $74.38 USD (up $0.67 USD)

Gold Price: $2,653.25 USD (down $2.79 USD)

Copper Price (CME): $4.5675 USD (up 0.0240 USD)

Bitcoin: $62,679.21USD (up 1.48% in last 24 hours)

Dow Jones: 42,352.75 (up 341.16 points on Thursday's close)

 

 

Energy, Resources And Mining News: Australia

September 30, 2024

Exports shock on ore to hit $39bn

Treasurer Jim Chalmers is set to reveal a final budget surplus of $15.8bn for 2023-24; this is $6.4bn higher than was forecast in the budget on 14 May. Chalmers claims that Labor's second successive surplus is solely due to lower government spending. However, falling commodity prices are set to weigh on the budget bottom-line in coming years. Revised government forecasts show that resources and energy ­export earnings will fall to $372bn in 2024-25, compared with $415bn in 2023-24; the value of iron ore exports is forecast to fall to $107bn in 2024-25, down from $138bn in 2023-24. Nickel and lithium export earnings are also expected to fall sharply.

(Roy Morgan Australia)

News

Minister told ERA wouldn't sue over lease

Federal Resources Minister Madeleine King moved to formally cancel Energy Resources of Australia's long-standing lease on the Jabiluka uranium deposit in late July. The Northern Territory government subsequently rejected ERA's application to renew the lease. It has been revealed that King's advisers had told her that ERA would be unlikely to pursue legal action if the Jabiluka lease was cancelled, given that major shareholder Rio Tinto opposes mining at Jabiluka without the consent of the traditional owners. ERA launched a Federal Court challenge to King's ruling in early August, claiming that it was denied procedural fairness.

(Roy Morgan Summary)

News

Telco turned miner vies for desert gas

Australian-listed Jade Gas Holdings has a market capitalisation of about $70m. However, one broker has suggested that this could potentially rise to around $500m due to its coal-seam gas project in Mongolia. Jade Gas was initially listed on the ASX as a Telstra reseller called Westel Group, before transitioning to a resources group. Meanwhile, Jade Gas is under scrutiny for commissioning Hong Kong-based DWK to undertake a drilling program at its Mongolian tenements; it claimed that DWK had been drilling gas wells for a decade, but documents show that the company had not been registered when Jade announced the contract in June.

(Roy Morgan Summary)

News

Federal police drop foreign bribery investigation into Australian miner

September 28, 2024
The Australian Federal Police launched an investigation into foreign bribery allegations against Sundance Resources in 2016. However, an AFP spokeswoman has advised that the probe has failed to yield sufficient admissable evidence to refer criminal proceedings to the Director of Public Prosecutions. The police investigation centred on allegations that Sundance had bribed government officials in the Republic of Congo between 2006 and 2008 in order to advance its Mbalam-Nabeba iron ore project. The investigation was complicated by the deaths of several Sundance executives in a plane crash in the Congo in 2010.


News

Prospector Mark Creasy wins support for Calidus Resources rescue

September 28, 2024
Creditors of Calidus Resources have backed a proposal from veteran prospector Mark Creasy to rescue the failed gold miner from administration. Creasy's proposal was supported by the majority of Calidus shareholders, and will result in his West Coast Lending assuming full ownership of Calidus. The deal with Creasy was backed after Calidus directors withdrew their support for an alternative proposal from Petra Capital. West Coast Lending, which is controlled by Creasy's Yandal Investments, aims to resume production at Calidus's Warrawoona gold mine in the Pilbara within months.

(Roy Morgan Summary)

News

De Grey quick to snuff out takeover speculation

September 28, 2024
De Grey Mining has dismissed recent media reports which suggested that the listed gold miner has received a buyout proposal from Canada-based Agnico Eagle. De Grey has advised that the article which appeared in The Australian is 'pure speculation'. De Grey owns the Hemi deposit in the Pilbara, and it aims to commence developing a gold mine at the site before the end of 2024. Agnico Eagle owns the Fosterville mine near Bendigo in Victoria, and there has been speculation in recent months that the company is keen to acquire assets in Western Australia.

News

Victorian gas projects approved

September 28, 2024

The federal government has approved two new gas production licences for Beach Energy near existing projects off the coast of Victoria. Resources Minister Madeleine King says gas produced at the Artisan and La Bella fields will be reserved solely for domestic use and will help to put downward pressure on gas prices in NSW and Victoria. The government's decision to approve the new licences has coincided with the release of the Australian Competition & Consumer Commission's latest gas inquiry report, which has warned that the east coast's gas supply surplus for the March 2025 quarter is likely to be significantly lower than was previously forecast.

(Roy Morgan Summary)


Mining via Grok

Mining refers to the extraction of valuable minerals or other geological materials from the Earth, which can range from traditional minerals like gold, silver, coal, and iron to more modern interests like lithium for batteries or rare earth elements for technology. Here's a detailed look into the concept of mining:

Traditional Mining

Historical Context: Mining has been pivotal since ancient times, initially for materials like flint, ochre for body painting, and later for metals like copper, tin, and iron which ushered in the Bronze and Iron Ages.

Process: Modern mining involves several steps: Exploration: Identifying potential deposits through geological surveys.
Feasibility Studies: Analyzing the economic viability of mining operations, including costs, market conditions, and environmental impact.
Extraction: Methods vary from open-pit mining for near-surface deposits to underground mining for deeper ores. Techniques include drilling, blasting, and mechanical extraction.
Processing: Ore is usually refined to extract the desired mineral, often involving crushing, grinding, and chemical processes.
Reclamation: After mining, efforts are made to restore the land, though this aspect has historically been controversial due to environmental impacts.

Environmental and Social Impact: Mining can lead to habitat destruction, pollution (e.g., acid mine drainage), and social displacement. However, it's also crucial for economic development in many regions, providing jobs and contributing to national economies.

Cryptocurrency Mining

Concept: In the context of cryptocurrencies like Bitcoin, mining does not involve physical digging but rather computational work. Here, miners validate transactions and add them to the blockchain, a public ledger of all transactions.

Process:
Transaction Verification: Miners collect transactions into blocks.
Proof of Work: Miners compete to solve complex mathematical problems (hashing), requiring significant computational power.
Block Creation: The first to solve the problem adds the new block to the blockchain, earning newly minted cryptocurrency and transaction fees as a reward.
Security: This process also secures the network against fraudulent transactions.

Energy Consumption: Cryptocurrency mining, especially for Bitcoin, has been criticized for its high energy consumption, leading to discussions on its environmental footprint.

Modern Innovations and Issues

Sustainable Practices: There's a push towards more sustainable mining practices, including the use of renewable energy for operations, better waste management, and rehabilitation of mined lands.

Critical Minerals: The demand for minerals essential for technology like lithium, cobalt, and rare earth elements has surged, highlighting new challenges in mining ethics, geopolitics of mineral supply, and the environmental impact.

Artisanal and Small-Scale Mining (ASM): Often seen in developing countries, ASM provides livelihood but also poses significant health and environmental risks due to methods like mercury use in gold extraction.

Technological Advancements: From autonomous mining vehicles to drones for exploration, technology is transforming mining operations, making them safer, more efficient, and potentially less harmful to the environment.

Mining, in both its traditional and digital forms, remains a cornerstone of human civilization, supporting economic, technological, and societal development, while also presenting ongoing challenges regarding sustainability and ethics. (Grok)


Roy Morgan is a former Media Man 'News Outlet Of The Month' award winner

 

 

 

Markets And Commodities

August 19, 2024

Australian Dollar: $0.6665 USD (up $0.0055 USD)

Iron Ore Sep Spot Price (SGX): $92.30 USD (down $1.25 USD)

Oil Price (WTI): $76.65 USD (down $1.46 USD)

Gold Price: $2,508.18 USD (up $51.88 USD)

Copper Price (CME): $4.1505 USD (up $0.0100 USD)

Bitcoin: $59,792.97 USD (up 0.64% in last 24 hours)

Dow Jones: 440,659.76 (up 96.70 points on Thursday's close)

 

 

Media/Entertainment: Australia

TV Week Logie Awards 2024

Winners

Gold Logie Award for Most Popular Personality on Australian Television - Larry Emdur

Best Drama Program - RFDS, Seven Network

Best News or Public Affairs Presenter - Ally Langon, A Current Affair, Nine Network

Best Comedy Entertainment Program - Have You Been Paying Attention?, Network Ten

Best Lead Actor in a Drama - Felix Cameron, Boy Swallows Universe, Netflix

Beat Scripted Comedy Program - Utopia, ABC

Best Current Affairs Program - Australian Story, ABC

Best Lead Actress in a Drama - Deborah Mailman, Total Control, ABC

Best Sports Coverage - FIFA Women's World Cup 2023, Seven Network

Best Competition Reality Program - MasterChef Australia, Network 10

Best Factual or Documentary Program - John Farnham: Finding The Voice, Seven Network

Best Miniseries or Telemovie - Boy Swallows Universe, Netflix

Best News Coverage or Public Affairs Report - Ben Roberts-Smith: The Truth, 60 Minutes, Nine Network

Best Structured Program - Gogglebox Australia, Foxtel and Network 10

Best Lifestyle Program - Travel Guides, Nine Network

Bert Newtown Award for Most Popular Presenter - Larry Emdur, The Chase Australia and The Morning Show, Seven Network

Best Supporting Actor - Bryan Brown, Boy Swallows Universe

Best Lead Actor in a Comedy - Rob Sitch, Utopia, ABC

Graham Kennedy Award for Most Popular New Talent - Felix Cameron, Boy Swallows Universe, Netflix

Best Supporting Actress - Sophie Wilde, Boy Swallows Universe, Netflix

Best Children's Program - Bluey, ABC

Best Entertainment Program - The Voice Australia, Seven Network

Best Lead Actress in a Comedy - Kitty Flanagan, Utopia, ABC

 

UFC 305

 

 

RAC Arena
Perth, Western Australia

Dricus du Plessis vs Israel Adesanya - Middleweight Title

Kai Kara-France vs Steve Erceg

Tai Tuivasa vs Jairzinho Rozenstruik

Mateusz Gamrot vs Dan Hooker

Li Jingliang vs Carlos Prates

Junior Tafa vs Valter Walker

Josh Culibao vs Ricardo Ramos

Casey O'Neill vs Tereza Bleda

Jack Jenkins vs Gavin Tucker

Tom Nolan vs Alex Reyes

Song Kenan vs Ricky Glenn

Stewart Nicoll vs Jesus Aguilar

*correct at time of publication

Videos

UFC 305 Embedded: Vlog Series - Episode 1
https://youtube.com/watch?v=bdtnIiKbMoA

Champ Dricus Du Plessis and Israel Adesanya train for their title bout; Steve Erceg walks his dog; Jairzinho Rozenstruik eats after training; Tai Tuivasa arrives in Perth; Carlos Prates hangs out with his mom; Kai Kara-France gets a haircut. (Credit: UFC)

UFC 305 Embedded: Vlog Series - Episode 2
https://youtube.com/watch?v=SExOmPWMKVU

Champ Dricus Du Plessis shows off his belt; The City Kickboxing team trains together; Mateusz Gamrot explores nature; Carlos Prates gets one last cardio session in at home; Steve Erceg hangs out with his parents; Tai Tuivasa has a hard workout session. (Credit: UFC)

UFC 305 Countdown - Du Plessis vs Adesanya
https://youtube.com/watch?v=wLfQ6aHxELY

The UFC 305 Countdown previews the intense rivalry between UFC middleweight champion Dricus Du Plessis and former champ Israel Adesanya ahead of their historic main event, which marks the first time two African-born fighters battle for a UFC title. Don't miss the main card action that kicks off at 10pm ET / 7pm PT on Saturday August 17. (Credit: UFC)

"Cultural roots run deep for the people of Africa. The pride of the nation is echoed through its sporting culture. In recent years the rise of African fighters in the UFC has been clear and present" ... Narrator

Websites

UFC 395
http://ufc.com/event/ufc-305

UFC Official Website
http://ufc.com

UFC YouTube
http://youtube.com/UFC

Media Man: Very solid card. History will be made. Pumped!

 

 

Mining, Energy and Resources: Australia and Oceania

August 9, 2024

News

Legal fees for BHP class action top $680m

Law firm Pogust Goodhead is representing about 600,000 participants in a class action over Brazil's Samarco iron ore tailings dam collapse in 2015. The firm estimates that its legal fees could be around Stg250m, while total legal fees arising from the case could exceed Stg350m. Documents filed with the UK's High Court show that BHP's share of the legal costs have been forecast at around Stg108m; however, this is just for the first stage of the trial, and BHP will face a further legal bill if the resources group is found liable for the disaster in Brazil. Samarco is a joint venture between BHP and Vale.

(Roy Morgan Summary)

News

Win for Fortescue in private eye battle

Federal Court judge Brigitte Markovic has dismissed an application by Element Zero's founders to access the instructions that Fortescue gave to private investigators who had been hired to put them under surveillance. Fortescue alleges that its former employees Bart Kolodziejczyk, Bjorn Winther-Jensen and Michael Masterman used its intellectual property to develop Element Zero's rival green steel technology. Justice Markovic ruled that the instructions given to the private investigators are likely to be subject to legal professional privilege.

News

Creasy in talks for Macquarie's $148m debt at miner Calidus

Macquarie Bank has a four per cent stake in Calidus Resources, while it holds $148m of the failed gold producer's debt. Sources have indicated that Macquarie has finalised the terms of a deal to sell its Calidus loan at a price that is at or near its carrying value. The buyer of the debt is believed to be Yandal Investments, the private investment vehicle of Western Australian billionaire Mark Creasy. His deal to acquire Macquarie's debt could give Creasy an edge over other potential bidders for Calidus or its assets, which include the Warrawoona gold project and a 40 per cent stake in the Pirra lithium joint venture.

News

Win for Whitehaven, MACH as court rejects climate bid

The High Court has dismissed the Environment Council of Central Queensland's application for special leave to appeal the Federal Court's decision to allow two NSW coal mine extension projects to proceed. The court had ruled in May that federal Environment Minister Tanya Plibersek had acted lawfully in handling the environmental approvals process for the Whitehaven Coal and MACH Energy projects. The ECCQ had initiated legal action against the proposed mine expansions in 2022.

(Roy Morgan Summary)

Mining, Energy and Resources: Australia and Oceania

August 7, 2024

News

Liontown wants lithium breaks as prices teeter

Association of Mining & Exploration Companies CEO Warren Pearce says it is holding talks with the Western Australian government with regard to royalty relief for lithium producers. The price of spodumene has fallen to $US870 ($1,337) per tonne, and Liontown Resources CEO Tony Ottaviano contends that the government should intervene in order to avert a similar crisis to the rout that hit the nation's industry. He has also suggested that the federal government should expand its production tax credit scheme to include the upstream processing of spodumene.

(Roy Morgan Summary)

News

MinRes job cuts add to thousands lost in WA's mining sector route

A spokesman for Mineral Resources has confirmed that the iron ore and lithium producer will reduce its head count, although the bulk of the job cuts will be at its Perth head office. Mineral Resources has not disclosed the extent of the job losses, although it is believed to be about 100. The move follows the company's recent decision to mothball its high-cost iron ore mines in Western Australia's Yilgarn region and a delay in the expansion of the Wodgina lithium mine. WA's mining sector has already been hit by massive job losses in the nickel industry in 2024.

(Roy Morgan Summary)

News

Iron ore 'must learn from nickel pain'

Dino Otranto, the CEO of Fortescue's mining arm, has warned that Australia risks missing out amid the global shift to 'green' steel'. He has called for increased collaboration between industry and government to ensure that the nation capitalises on the decarbonisation of the steel industry. He adds that the demise of Australia's nickel industry provides a timely warning for iron ore producers.

News

Jilted ERA heads to court over Jabiluka mine axing

Energy Resources of Australia wants the Federal Court to undertake a judicial review of the Northern Territory government's decision to not renew its mining lease for the Jabiluka uranium deposit. ERA contends that it was denied "procedural fairness and natural justice" in the decision to permanently ban mining at Jabiluka. Amongst other things, ERA has questioned the haste with which federal Resources Minister Madeleine King advised the NT government to reject an extension of the mining lease, which is slated to expire on 11 August.

News

Newmont fights $130m 'restructuring' tax bill

The Australian Taxation Office contends that Newmont Corporation owes it some $132.6m in capital gains tax liabilities arising from a restructuring in 2011. The tax dispute is believed to centre on Newmont's decision to consolidate ownership of its local mines under its Newmont Australia subsidiary; this included a transaction in which two of the mining giant's North American subsidiaries sold their holdings in Newmont Australia back to it. Newmont contends that the transfer was an internal restructure rather than a share sale, and it should therefore not attract capital gain taxes

News

Watchdog threatens 'critical' Browse

Woodside Energy's CEO Meg O'Neill has emphasised the importance of the company's Browse LNG project. She contends that Browse is the only gas field of sufficient size to meet the forecast demand for energy over the near-term. The Browse project's future is under scrutiny following a preliminary ruling from Western Australia's Environmental Protection Authority that it presents a "unacceptable risk" to marine ecology. The EPA is expected to make a final recommendation on the project in 2025, although it can be overruled by the federal government. O'Neill has also defended Woodside's deal to acquire a low-carbon ammonia project in the US.

(Roy Morgan Summary)

 

 

Media Man Int

Media Man Int X



Elon Musk’s X Files Antitrust Suit Against Global Advertising Alliance

August 6, 2024



Elon Musk’s social media platform X has launched a significant antitrust lawsuit against the Global Alliance for Responsible Media (GARM) and several of its member companies, alleging an illegal ad boycott that targeted the platform. The lawsuit, filed in Texas, is aimed at GARM, its parent firm World Federation of Advertisers (WFA), and members including CVS Health, Mars, Orsted and Unilever.

In an open letter to advertisers, X CEO Linda Yaccarino highlighted the reasons behind the lawsuit, stating that it was a direct response to GARM’s actions which allegedly cost the company billions of dollars. “This is not a decision we took lightly, but it is a direct consequence of their actions,” Yaccarino wrote. “The illegal behavior of these organizations and their executives cost X billions of dollars” per The New York Post.

The lawsuit is seeking trebled compensatory damages and injunctive relief, according to a complaint viewed by The New York Post. GARM, led by Robert Rakowitz, is an initiative of the WFA, which represents many of the world’s largest companies and ad organizations, including Disney and Coca-Cola. Its members control 90% of global marketing spending, nearly $1 trillion per year.

Yaccarino emphasized that the issue extends beyond financial damages. “This case is about more than damages — we have to fix a broken ecosystem that allows this illegal activity to occur,” she added.

According to The New York Post, the suit argues that the boycott undermined the marketplace of ideas by financially harming certain viewpoints over others. (Credit: PYMNTS)

Full article and coverage via PYMNTS

https://pymnts.com/cpi-posts/elon-musks-x-files-antitrust-suit-against-global-advertising-alliance/

PYMNTS is a former Media Man 'Business News Outlet Of The Month' award winner and finalist

 

News

Elon Musk takes GARM, several companies to court over alleged advertising boycott of X outlined in bombshell report

August 7, 2024

Tech billionaire Elon Musk has taken several companies and an advertising alliance to court over allegations of a "boycott" of X.

Elon Musk has waged “war” against advertisers as his social media platform X filed an antitrust lawsuit against a global ad alliance and several major companies, accusing them of illegally boycotting the site.

X filed a suit in a federal court in Texas against the World Federation of Advertisers (WFA), the Global Alliance for Responsible Media (GARM) and its members CVS Health, Mars, Orsted and Unilever.

The suit comes after a report from the US House of Representatives Judiciary Committee found GARM and its members “directly organised boycotts” and employed other indirect tactics to target disfavoured “platforms, content creators” and news organisations to demonetise them.

It alleges that GARM’s boycott led advertisers to pull money from X under the guise of “brand safety” concerns.

X’s CEO Linda Yaccarino argued this tactic hindered users on the social media platform from accessing a wide breadth of ideas by funding alternative viewpoints.

“The consequence - perhaps the intent - of this boycott was to seek to deprive X’s users, be they sports fans, gamers, journalists, activists, parents or political and corporate leaders, of the Global Town Square,” she wrote.

“To put it simply, people are hurt when the marketplace of ideas is undermined and some viewpoints are not funded over others as part of an illegal boycott.”

Mr Musk shared his colleague’s statement to the platform and boldly declared: “We tried peace for 2 years, now it is war.”

He later encouraged “any company who has been systematically boycotted” to file a suit.

Following his post, video sharing platform Rumble joined Mr Musk’s lawsuit, claiming it has also been impacted towards GARM’s alleged skew away from right wing voices and ideologies.

The platform announced its move on X where it accused GARM of being “a conspiracy to perpetrate an advertiser boycott of Rumble and others, and that's illegal”.

Since Musk took over the social media platform in October 2022, X has suffered a serious dive in ad dollars with the platform taking in US$2.5 billion in 2023, according to Bloomberg.

This was down from the US$1bn it was bringing in every quarter of 2022.

Musk triggered controversy again in November 2023 when he endorsed an anti-Semitic conspiracy theory that Jewish communities push “hatred against whites”.

The X owner responded: “You have said the actual truth,” sparking an advertiser exodus that was reported to have lost the company as much as $75m, per The New York Times.

He made headlines again in the same month after blasting advertisers boycotting the social media platform, boldly declaring: “Go f**k yourself”.

“If somebody is going to try to blackmail me with advertising, blackmail me with money, go f**k yourself. Go f**k yourself. Is that clear? I hope it is,” he said. (Sky News Australia)

Full article and coverage via Sky News Australia

https://www.skynews.com.au/business/media/elon-musk-takes-garm-several-companies-to-court-over-alleged-advertising-boycott-of-x-outlined-in-bombshell-report/news-story/7bac6243aada770042d14ca84afc23e7

Technology News (Media Man Int) https://mediamanint.com/news3.html

Advertising News (Media Man Int) https://mediamanint.com/advertising_news.html

Media News (Media Man Int) https://mediamanint.com/news2.html

 

Yahoo Finance wins Media Man 'Business News Outlet Of The Month' award

 

 

 

PYMNTS wins Media Man 'Businees News Outlet Of The Month' award

 

Market, Commodities and Financial News Snapshot via Media Man

August 7, 2024

Australian Dollar: $0.6520 USD (up $0.0024 USD)

Iron Ore Sep Spot Price (SGX): $102.85 USD (down $0.70 USD)

Oil Price (WTI): $72.96 USD (down $1.02 USD)

Gold Price: $2,389.45 USD (down $19.96 USD)

Copper Price (CME): $4.0095 USD (up $0.0085 USD)

Bitcoin: $56,485.71 USD (up 3.10% in last 24 hours)

Dow Jones: 38,997.66 at 5.02pm NY time (up 294.39 points on yesterday's close)

(Roy Morgan Summary)

 

 

The Australian Financial Review - Media and Marketing

 

News Corp puts Foxtel up for sale after asset review

By Sam Buckingham-Jones

August 9, 2024

News Corp, the publishing and broadcast giant controlled by the Murdoch family, has put its majority-owned Australian pay television platform Foxtel up for sale after a nine-month strategic review of its assets.

Outlining its financial results on Friday, News Corp said there was “third-party interest” in Foxtel, which owns a pay TV business, streaming services Binge and Kayo Sports, and aggregation platform Hubbl.

“We are confident in the company’s long-term prospects and are continuing to review our portfolio with a focus on maximising returns for shareholders,” News Corp chief executive Robert Thomson said.

“That review has coincided recently with third-party interest in a potential transaction involving the Foxtel ... We are evaluating options for the business with our advisors in light of that external interest.”

News Corp owns 65 per cent of Foxtel, and Telstra owns the rest.

Foxtel has spent the past decade pivoting to the streaming era, building Kayo and Binge – which have much leaner profit margins – while preserving its legacy base of around 1 million subscribers who pay, on average, $90 a month. It has grown its total paying subscription base to 4.7 million people.

Any sale of Foxtel would have a flow-on effect on long-term content deals, multi-billion dollar sports rights packages, and more.

Mr Thomson told analysts that News Corp had a “significant overture that we are naturally assessing”, but declined to provide further details.

“We have full faith in the potential of Foxtel and the talented team at Foxtel,” he said. “On behalf of shareholders, we have to evaluate any interest … You’ll have to stay tuned. Not indefinitely, not perpetually, not ad infinitum.” (Credit: The Australian Financial Review) @FinancialReview

Full article via subscription to The Australian Financial Review

https://www.afr.com/companies/media-and-marketing/news-corp-puts-foxtel-up-for-sale-20240809-p5k0yv

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(Roy Morgan Summary)

ASX to fall as investors await big tech earnings

July 22, 2024

Futures pricing suggests that Australian equities will shed about 0.8 per cent when the market opens on Monday, following a negative lead from Wall Street. A dearth of local economic data means that investors will be focused on offshore markets over the coming week; the quarterly reporting season in the US is likely to attract scrutiny, with two of the seven major technology companies set to release their latest financial results in coming days. The S&P/ASX 200 fell 0.8 per cent to 7,961.6 points on Friday.

(Roy Morgan Summary)


News

Lithium stocks targeted by short sellers

Australian Securities & Investments Commission data has revealed that seven companies on the ASX had more than 10 per cent of their shares reported as shorted as at 12 July, compared to just one in the previous year. Companies involved in the mining of lithium and other materials used in the manufacture of electric vehicles account for seven of the 10 most shorted stocks on the ASX, with 21.06 per cent of Pilbara Minerals shares reported as shorted. Oscar Oberg from Wilson Asset Management says Pilbara Minerals' reported short position is unheard of; he adds that Pilbara Minerals is being shorted because demand for electric vehicles is not as strong as had been forecast.

News

Mortgage cliff turns into a subsiding wave

PEXA Group's chief economist Julie Toth believes that the rush for Australians to refinance their mortgage loans has peaked. She adds that rather than a 'mortgage cliff', the nation has experienced only a 'wave' as borrowers have shifted their loans to variable interest rates after their fixed-loan period expired. Toth adds that there has been a slight increase in mortgage arrears and distressed sales in response to the Reserve Bank's aggressive monetary policy tightening cycle; she expects arrears to remain stable if there are no more interest rate increases.


News

CSR's insulation price rise 'could be gouging'

Insulation distributor Consolidated Energy alleges that building materials group CSR misused its market power to 'gouge' suppliers with huge increases in the price of insulation; it is seeking internal documents and board papers in order to prove its claim. Consolidated Energy is asking the Federal Court to grant its request that CSR be required to hand over information relating to price increases between June 2021 and June 2022; Consolidated Energy alleges that CSR was limiting supply to distributors and imposing big price increases in order to benefit its own business.


News

Coal boss: use gas to ease the transition

Data from the Australian Energy Market Operator has revealed that no renewable energy project that was in the commissioning stage reached full output in June. This was despite an increase in renewable energy projects being ready to come online, prompting calls from Delta Electricity CEO Richard Wrightson for gas to be included in the federal government's Capacity Investment Scheme. With Delta being the owner of the Vales Point coal plant in NSW, Wrightson says gas is the only technology available now that can solve the firming problem, but it is the only technology that is being supported by the government's scheme.


News

Fortescue now marching 'to the one beat'

July 20, 2024

(Roy Morgan Summary)

Andrew Forrest surprised investors at its 2020 AGM when he outlined a vision for the iron ore mining company that would see it become a green energy behemoth. He said Fortescue would be targeting production of as much as 235 gigawatts or renewable energy, more than five times the capacity of Australia's National Electricity Market at the time. However, Forrest has now conceded it cannot achieve its target of producing 15 million tonnes of green hydrogen a year by 2030 because of soaring energy costs, although he contends Fortescue's green energy dream is still alive. Fortescue will now bring its iron ore and green energy units back together, with Forrest saying that all of the company are "all marching in the same direction, to the same drum beat".

(Roy Morgan Summary)

 

 

 

Commodities News: Gold via Media Man and FxPro

July 7, 2024

Weakness in gold's growth

Gold has lost 0.9% since the start of Monday, almost back to the point where it was trading before the release of jobs data on Friday. Perhaps the very first market reaction to the data release highlighted the mindset of key market participants: they are ready to sell.

Gold has been on an upward trend since the last few days of June, leading the price up 4% to $2390 at its peak on Friday. This can largely be attributed to the dollar's 1% decline, as gold often moves with a higher amplitude.

Weak employment figures also pushed up the gold price on Friday, leading to a weaker dollar and bringing the start of rate cuts closer. However, we note the momentum of the 0.8% decline in gold in the first moments after publication.

The subsequent market reaction was a "worse is better" style: the weakness in the labour market increased expectations of a rate cut soon, which boosted risk appetite. But this is a very unsustainable play, as not all the negativity in the macro economy is disinflationary. Just the opposite, we saw confirmation of wage growth (4.1% y/y) above inflation (3.3% y/y). At the same time, the previous months' hiring figures were revised downward, and the unemployment rate reached a 31-month high.

Thus, the economic situation is deteriorating faster than inflation is slowing. A key rate cut, in this case, would be an attempt to support economic growth rather than remove excessive tightness in monetary policy. That is, the chances of a cut for "bad" reasons rather than good ones are growing, which is negative for risk appetite in the medium term.

On the charts, gold has so far hit resistance at $2390, which also caused a local reversal in April. Further improvement in risk appetite in global financial markets cannot be ruled out and may be helped by the reporting season. Gold's ability to gain strength above $2390 could serve as an important price signal, heralding a fresh assault on historical highs near $2450.

However, we see more chance of further pressure on the gold price. We see the 50-day moving average at $2340 as the first signalling point. If this line is stormed without bullish resistance, the price could quickly retreat to the $2300 area, which is crucial for determining the dynamics for the coming months. A fall below it would be seen as a break of the bullish trend since October when the Fed first signalled its willingness to cut rates.

 

 

Markets and Commodities

July 9, 2024

Australian Dollar: $0.6735 USD (down $0.0003 USD)

Iron Ore Aug Spot Price (SGX): $108.75 USD (down $1.50 USD)

Oil Price (WTI): $82.30 USD (down $0.86 USD)

Gold Price: $2,358.93 USD (down $32.66 USD)

Copper Price (CME): $4.6035 USD (down $0.0645 USD)

Bitcoin: $56,215.84 USD (down 1.75% in last 24 hours)

Dow Jones: 39,344.79 (down 31.08 points on Friday's close)

(Roy Morgan Summary)

 

 

Economic conditions (including inflation and prices) are the biggest challenge facing Australian farmers

 

A special Roy Morgan survey of Australian farmers shows a majority of farmers (57%) say the biggest challenge they are facing is economic conditions (including inflation/prices), up 8% points from a year ago and up a large 22% points from 2022.

In a clear second place is Government policy mentioned by 23% of farmers, almost doubling from a year ago (up 11% points from 2023) and up by 17% points from 2022. Over the last two years Government policy has increased from equal fifth to a clear second place in the list of challenges.

Staffing issues, including finding sufficient labour for their farms, are the third most prominent issue and mentioned by 18% of farmers as the biggest challenge they face, up 5% points from a year ago.

Filling out the top five issues were weather, mentioned by 16% of farmers, business viability, also at 16% and somewhat surprisingly, climate change, mentioned by only 7% of farmers and down from a year ago.

 

 

 

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Finance / World Business News

Euro, Gold, Crypto and more via Media Man and FX Pro

A strong current account surplus may not help euro

The eurozone's current account surplus climbed to a six-month high of 31.9bn in December. Analysts, on average, had expected a decline to 20.3 bn from 22.5 bn the previous month. The current level was seen in the eurozone during the relatively benign pre-Covid period and sometime before Natural Gas prices spiked in the second half of 2021.

The normalisation of the surplus is good news for the single currency, as it means more net capital inflows into the region. But this growth has been fuelled by falling imports, which can be the result of lower commodity and energy prices (which is a very good thing), but also partly indicative of a slowdown in domestic demand. This threatens to translate into economic contraction in the coming months.

The euro area experienced periods of severe import contraction in late 2008 and early 2010, and in both cases, the economy experienced a severe downturn. Back in 2008, all this was accompanied by the collapse of the euro.

Gold

 

Gold rises but within a downward channel

Gold rallied for the fourth consecutive session to reach $2023, recovering almost all the losses suffered the week before on the back of the inflation report. Gold's ability to rally suggests continued domestic demand, as some investors are clearly rushing to buy back any losses.

At the same time, however, we note that since the beginning of the year, gold has been characterised by solid selloffs on the news, forming a smooth downtrend. In the context of this downtrend, a rise to $2040-2045, which is the upper boundary of the bearish range, looks quite acceptable.

The area around $2035 - the highs of two weeks ago - also appears to be a crucial intermediate level. Confident buying from this level would be the first important signal that the recent correction is over and that gold is ready to make a fresh assault on the highs.

Much more important, however, will be the behaviour of gold as it approaches the $2050 level, where the reversal of the decline in late January took place.

Consolidation at this level would confirm the breakdown of the downtrend and set the stage for a move towards $2100 and the subsequent renewal of historic highs.

However, as long as gold is trading within the downtrend, there is a greater chance of a breakdown or even an acceleration of the downtrend.

Among the fundamental factors, the potential for growth could be provided by the fall in the dollar if Fed officials show a softening of their position, bringing the start of interest rate cuts closer.

On the bearish side, equities could come under pressure following the optimistic rally in the tech giants and the news of a sharp slowdown in economic activity. We also do not rule out the possibility that the recent support measures for the Chinese stock market and property sector will cool demand for gold as a safe-haven for investors from that part of the world.

 

 

Websites

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Gold is a chemical element with the symbol Au (from Latin: aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile metal in a pure form. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements and is solid under standard conditions. Gold often occurs in free elemental (native state), as nuggets or grains, in rocks, veins, and alluvial deposits. It occurs in a solid solution series with the native element silver (as electrum), naturally alloyed with other metals like copper and palladium, and mineral inclusions such as within pyrite. Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides).

Gold is resistant to most acids, though it does dissolve in aqua regia (a mixture of nitric acid and hydrochloric acid), forming a soluble tetrachloroaurate anion. Gold is insoluble in nitric acid alone, which dissolves silver and base metals, a property long used to refine gold and confirm the presence of gold in metallic substances, giving rise to the term 'acid test'. Gold dissolves in alkaline solutions of cyanide, which are used in mining and electroplating. Gold also dissolves in mercury, forming amalgam alloys, and as the gold acts simply as a solute, this is not a chemical reaction.

A relatively rare element,[6][7] gold is a precious metal that has been used for coinage, jewelry, and other arts throughout recorded history. In the past, a gold standard was often implemented as a monetary policy. Gold coins ceased to be minted as a circulating currency in the 1930s, and the world gold standard was abandoned for a fiat currency system after the Nixon shock measures of 1971.

In 2020, the world's largest gold producer was China, followed by Russia and Australia.[8] A total of around 201,296 tonnes of gold exists above ground, as of 2020.[9] This is equal to a cube with each side measuring roughly 21.7 meters (71 ft). The world consumption of new gold produced is about 50% in jewelry, 40% in investments and 10% in industry.[10] Gold's high malleability, ductility, resistance to corrosion and most other chemical reactions, and conductivity of electricity have led to its continued use in corrosion-resistant electrical connectors in all types of computerized devices (its chief industrial use). Gold is also used in infrared shielding, production of colored glass, gold leafing, and tooth restoration. Certain gold salts are still used as anti-inflammatories in medicine. (Wikipedia)

 

 

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In economics, a commodity is an economic good or service that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them.

The price of a commodity good is typically determined as a function of its market as a whole: well-established physical commodities have actively traded spot and derivative markets. The wide availability of commodities typically leads to smaller profit margins and diminishes the importance of factors (such as brand name) other than price.

Most commodities are raw materials, basic resources, agricultural, or mining products, such as iron ore, sugar, or grains like rice and wheat. Commodities can also be mass-produced unspecialized products such as chemicals and computer memory.

Hard and soft commodities

Soft commodities are goods that are grown, such as wheat, or rice.

Hard commodities are mined. Examples include gold ,silver, helium, and oil.

Energy commodities include electricity, gas, coal and oil. Electricity has the particular characteristic that it is usually uneconomical to store, and must therefore be consumed as soon as it is produced.

(Wikipedia)

 

 

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Euro, Gold, Crypto and more via Media Man and FX Pro

A strong current account surplus may not help euro

The eurozone's current account surplus climbed to a six-month high of 31.9bn in December. Analysts, on average, had expected a decline to 20.3 bn from 22.5 bn the previous month. The current level was seen in the eurozone during the relatively benign pre-Covid period and sometime before Natural Gas prices spiked in the second half of 2021.

The normalisation of the surplus is good news for the single currency, as it means more net capital inflows into the region. But this growth has been fuelled by falling imports, which can be the result of lower commodity and energy prices (which is a very good thing), but also partly indicative of a slowdown in domestic demand. This threatens to translate into economic contraction in the coming months.

The euro area experienced periods of severe import contraction in late 2008 and early 2010, and in both cases, the economy experienced a severe downturn. Back in 2008, all this was accompanied by the collapse of the euro.

Gold

Gold rises but within a downward channel

Gold rallied for the fourth consecutive session to reach $2023, recovering almost all the losses suffered the week before on the back of the inflation report. Gold's ability to rally suggests continued domestic demand, as some investors are clearly rushing to buy back any losses.

At the same time, however, we note that since the beginning of the year, gold has been characterised by solid selloffs on the news, forming a smooth downtrend. In the context of this downtrend, a rise to $2040-2045, which is the upper boundary of the bearish range, looks quite acceptable.

The area around $2035 - the highs of two weeks ago - also appears to be a crucial intermediate level. Confident buying from this level would be the first important signal that the recent correction is over and that gold is ready to make a fresh assault on the highs.

Much more important, however, will be the behaviour of gold as it approaches the $2050 level, where the reversal of the decline in late January took place.

Consolidation at this level would confirm the breakdown of the downtrend and set the stage for a move towards $2100 and the subsequent renewal of historic highs.

However, as long as gold is trading within the downtrend, there is a greater chance of a breakdown or even an acceleration of the downtrend.

Among the fundamental factors, the potential for growth could be provided by the fall in the dollar if Fed officials show a softening of their position, bringing the start of interest rate cuts closer.

On the bearish side, equities could come under pressure following the optimistic rally in the tech giants and the news of a sharp slowdown in economic activity. We also do not rule out the possibility that the recent support measures for the Chinese stock market and property sector will cool demand for gold as a safe-haven for investors from that part of the world.

 

Cryptocurrency

Crypto market growth halted amid capital inflows

Market picture

The crypto market has corrected 0.46% in the last 24 hours, fluctuating within a narrow range without a clear direction. Bitcoin is down 1% but up 3.7% over seven days, Ethereum is flat for the day but up 10.6% over the week. The top coins are mixed with BNB +2% and Solana -2.5%.

Bitcoin is currently drawing its fourth daily candle with opening and closing levels close to each other. Such sideways consolidations are characteristic of strong bull markets, as opposed to corrective pullbacks on smoother rallies.

Ethereum hit local highs on rumours of a positive regulatory decision before the end of March. Bloomberg analyst James Seyffarth bet 4 ETH that the SEC will not approve a spot Ethereum ETF next month.

According to data from CoinShares, investment in crypto funds rose by a record $2.452 billion last week, following inflows of $1.116 billion the previous week.
Bitcoin investments increased by $2.424 billion, Ethereum by $21 million, Cardano lost $6 million, and Solana lost $1.6 million.

Since the beginning of the year, crypto funds have seen inflows of an impressive $5.2 billion, with total AUM rising to $67 billion, the highest since December 2021.

News background

Bitcoin will see institutional support in the next three to six months, according to Coinbase. Bitcoin ETFs could eventually become a major competitor to gold funds.
According to IntoTheBlock, there is an 85% chance that Bitcoin will reach a new all-time high within the next six months. Five factors could contribute to this: the halving of the price, ETFs, monetary easing, the US election, and companies accumulating BTC as part of their treasuries.

Former CIA contractor Edward Snowden, who has been living in Russia since 2013, called bitcoin the most significant achievement of the financial system in the entire existence of money and means of exchange.

Amberdata admitted that Ethereum will outpace Bitcoin in terms of growth due to more constructive deflationary policies. The supply of ETH has been decreasing since September 2022, thanks to the update of The Merge, as well as the implementation of a mechanism to burn part of the commissions. During this time, around 0.36 million ETH, or 0.3% of the total supply of 120 million coins, have been removed from circulation.

 

Via Roy Morgan Research and Media Man social media

Copper, gold, and Bitcoin rise; Iron ore and oil fall; ASX to fall in response to selling on Wall Street; US vetoes Arab-backed UN resolution demanding ceasefire in Gaza; Assange's lawyers warn that he risks 'flagrant denial of justice' if he is tried in US

Latest updates on Key Economic Indicators

21 February 2024

Roy Morgan Summary

Australian Dollar: $0.6550 USD (up 0.0011 USD)
Iron Ore Mar Spot Price (SGX): $120.85 USD (down $6.40 USD)

Oil Price (WTI): $78.27 USD (down $1.02 USD)

Gold Price: $2,024.37 USD (up $6.43 USD)

Copper Price (CME): $3.8595 (up $0.0465 USD)

Bitcoin: $52,059.35 (up 0.35% in last 24 hours)

New report reveals Roy Morgan is one of Australia's leading data companies - with in-depth information on millions of Australians based on their Helix Personas

 

Market Research Update

20 February 2024

Roy Morgan Summary

Roy Morgan leads the way as one of Australia's leading data companies. A special in-depth report into Australia's leading data companies interviewed Roy Morgan CEO Michele Levine and Executive Chairman Gary Morgan about the role the company plays in compiling data and building profiles of different Australians. One of Roy Morgan's key products is 'Helix Personas' which profiles people under headings such as "young and platinum", "smart money", "cautious conservatives", "fair go", "working hard" and nearly 50 other personas. For example, the "young and platinum" group love their mobile devices and are "always on the hunt for the shiny, new and cool" and "making the rent". Their income is around the $64,000 a year mark and they can often be found "living a conventional life centred around family".

Roy Morgan CEO Michele Levine confirmed that the Helix Personas market segments are based on statistical information, not data from individual people. "It's totally ethical. Unlike Facebook or any of these things, it's not any particular individual", Roy Morgan's chief executive Michele Levine, said.: 38,582.12 at 3.22pm NY time (down 45.87 points on Friday's close)

 

Roy Morgan wins three-year contract to deliver domestic tourism statistics for Austrade

21 February 2024

Roy Morgan Summary

From 2025, Roy Morgan will provide Austrade with the world's best practice survey methodology, big data integration and modelling techniques to deliver accurate domestic tourism statistics. Roy Morgan has reimagined the future of domestic tourism statistics to move Austrade and its stakeholders to the forefront of tourism intelligence with a new platform that will drive the future of Australia's tourism industry, which is estimated to be worth in excess of $160 billion. Portia Morgan, the Head of Client Services at Roy Morgan, says that using face-to-face interviewing, which is the gold-standard for surveying the population, enhanced with big data and cutting-edge data science techniques, Roy Morgan will be delivering a future-proofed system that will be cost effective, reliable, and accurate. She adds that Roy Morgan has been delivering survey-based tourism insights via its Holiday Tracking Survey for 20+ years and the company is thrilled to be working with Austrade and the broader industry to provide a deeper of understanding of how many people are travelling, where they go, what they do and how they spend their valuable tourism dollars.

 

Anti-mining PM pushes BHP's cash offshore

Roy Morgan Summary

It is somewhat hypocritical of the federal government to flag possible support for Australia's nickel industry, given that Labor's anti-mining legislation may jeopardise the expansion of BHP's copper operations in South Australia. BHP is still likely to proceed with an expansion, but the previously touted investment of between $10bn and $15bn is now only a 50 per cent chance. The new labour laws in the government's industrial relations reforms mean that BHP is now more likely to redirect much of this capital investment to its criticals minerals projects in other countries; rival miner Rio Tinto is already doing this.

 

More than 2.7 million New Zealanders now read newspapers and magazine audiences surge to over 1.7 million

21 February 2024

Roy Morgan has released its readership results for New Zealand's newspapers and magazines for the 12 months to December 2023. The data shows that 2.73 million New Zealanders aged 14+ (64.4%) now read or access newspapers in an average 7-day period via print or online (website or app) platforms. In addition, 1.71 million New Zealanders aged 14+ (40.3%) read magazines, whether in print or online either via the web or an app. The New Zealand Herald is still the nation's most widely-read publication, with a total cross-platform audience of 1,720,000 in the 12 months to June 2023 - almost five times as many as the second placed Dominion Post with a readership of 341,000. Meanwhile, New Zealand's most widely read magazine is still the driving magazine AA Directions, which had an average issue readership of 379,000 during the year to December (an increase of 63,000 on a year ago).

These are the latest findings from the Roy Morgan New Zealand Single Source survey of 6,254 New Zealanders aged 14+ over the 12 months to December 2023.

New report reveals Roy Morgan is one of Australia's leading data companies - with in-depth information on millions of Australians based on their Helix Personas

Market Research Update

20 February 2024

Roy Morgan Summary

Roy Morgan leads the way as one of Australia's leading data companies. A special in-depth report into Australia's leading data companies interviewed Roy Morgan CEO Michele Levine and Executive Chairman Gary Morgan about the role the company plays in compiling data and building profiles of different Australians. One of Roy Morgan's key products is 'Helix Personas' which profiles people under headings such as "young and platinum", "smart money", "cautious conservatives", "fair go", "working hard" and nearly 50 other personas. For example, the "young and platinum" group love their mobile devices and are "always on the hunt for the shiny, new and cool" and "making the rent". Their income is around the $64,000 a year mark and they can often be found "living a conventional life centred around family". Roy Morgan CEO Michele Levine confirmed that the Helix Personas market segments are based on statistical information, not data from individual people. "It's totally ethical. Unlike Facebook or any of these things, it's not any particular individual", Roy Morgan's chief executive Michele Levine, said.

(Credit: Roy Morgan Research)

 

Roy Morgan Summary

Roy Morgan leads the way as one of Australia's leading data companies. A special in-depth report into Australia's leading data companies interviewed Roy Morgan CEO Michele Levine and Executive Chairman Gary Morgan about the role the company plays in compiling data and building profiles of different Australians.

One of Roy Morgan's key products is 'Helix Personas' which profiles people under headings such as "young and platinum", "smart money", "cautious conservatives", "fair go", "working hard" and nearly 50 other personas. For example, the "young and platinum" group love their mobile devices and are "always on the hunt for the shiny, new and cool" and "making the rent". Their income is around the $64,000 a year mark and they can often be found "living a conventional life centred around family". Roy Morgan CEO Michele Levine confirmed that the Helix Personas market segments are based on statistical information, not data from individual people. "It's totally ethical. Unlike Facebook or any of these things, it's not any particular individual", Roy Morgan's chief executive Michele Levine, said.

(Credit: Roy Morgan Research)

 

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Warrner Bros

Profile

In 2010, the Warner Bros. Pictures Group broke the all-time industry worldwide box office record with receipts of $4.814 billion, which surpassed the prior record of $4.010 billion (set by the Studio in 2009). Warner Bros. also established a new industry benchmark for the international box office with a total of $2.93 billion (marking a record third time of crossing the $2 billion threshold) and retained its leading domestic box office ranking with receipts of $1.884 billion. 2010 also marked the 10th consecutive year Warner Bros. Pictures passed the billion dollar mark at both the domestic and international box offices. Warner Home Video was, once again, the industry’s leader, with an overall 20.6 percent marketshare in total DVD and Blu-ray sales. The companies comprising the Warner Bros. Television Group and Warner Bros. Home Entertainment Group remain category leaders, working across all platforms and outlets, and are trendsetters in the digital realm with video-on-demand (transaction and ad-supported), branded channels, original content, anti-piracy technology and broadband and wireless destinations.

The Warner Bros. Pictures Group brings together the Studio’s motion picture production, marketing and distribution operations into a single entity. The Group, which includes Warner Bros. Pictures and Warner Bros. Pictures International, was formed to streamline the Studio’s film production process and bring those businesses’ organizational structures in line with Warner Bros.’ television and home entertainment operations.

Warner Bros. Pictures produces and distributes a wide-ranging slate of some 18-22 films each year, employing a business paradigm that mitigates risk while maximizing productivity and capital. Warner Bros. Pictures either fully finances or co-finances the films it produces and maintains worldwide distribution rights. It also monetizes its distribution and marketing operations by distributing films that are totally financed and produced by third-parties. The Studio’s 2011 slate includes “Sucker Punch,” “The Hangover Part II,” “Green Lantern,” “Harry Potter and the Deathly Hallows – Part 2,” “Happy Feet 2” and “Sherlock Holmes: A Game of Shadows.”

Warner Bros. Pictures International is a global leader in the marketing and distribution of feature films, operating offices in more than 30 countries and releasing films in over 120 international territories, either directly to theaters or in conjunction with partner companies and co-ventures.

New Line Cinema, part of Warner Bros. Entertainment since 2008, coordinates its development, production, marketing, distribution and business affairs activities with Warner Bros. Pictures to maximize film performance and operating efficiencies. Highlights of New Line’s 2011 release slate, distributed by Warner Bros., include “Horrible Bosses,” “Final Destination 5,” “A Very Harold & Kumar 3D Christmas” and “New Year’s Eve.”

The Warner Bros. Television Group oversees and grows the entire portfolio of Warner Bros.’ television businesses, including worldwide production, traditional and digital distribution, and broadcasting. In the traditional television arena, WBTVG produces primetime and cable (Warner Bros. Television and Warner Horizon Television), first-run syndication (Telepictures Productions) and animated (Warner Bros. Animation) programming, which is distributed worldwide by two category-leading distribution arms/operations (Warner Bros. Domestic Television Distribution and Warner Bros. International Television Distribution).

Among the primetime series produced by divisions of the Warner Bros. Television Group are “Two and a Half Men,” “The Big Bang Theory,” “The Mentalist,” “Mike & Molly,” “Fringe,” “Gossip Girl,” “The Vampire Diaries,” “Nikita,” “The Middle,” “Southland,” “The Closer,” “Rizzoli & Isles,” “Supernatural,” “The Bachelor,” “Pretty Little Liars,” “Randy Jackson Presents America’s Best Dance Crew” and many more. Also produced by the company are first-run syndicated programs such as “The Ellen DeGeneres Show,” “TMZ” and “Extra,” among others, as well as animated shows “Scooby-Doo! Mystery Incorporated” and “Young Justice.”

WBTVG is an innovative leader in developing new business models for the evolving television landscape, including ad-supported video-on-demand, broadband and wireless, and has digital distribution agreements in place with all of the broadcast networks. Internationally, the Studio is one of the world’s largest distributors of feature films, television programs and animation to the worldwide television marketplace, licensing some 50,000 hours of television programming, including more than 6,000 feature films and 50 current series, dubbed or subtitled in more than 40 languages, to telecasters and cablecasters in more than 175 countries.

WBTVG provides original shortform programming for the broadband and wireless marketplace through its Studio 2.0 digital venture, and its digital media sales unit is devoted specifically to multiplatform domestic advertiser sales for both broadband and wireless. WBTVG continues its strategic expansion into digital production and distribution with the launch of several advertiser-supported entertainment destinations, including TheWB.com, a premium, video-on-demand interactive and personalized network and KidsWB.com, a premium destination built around youth-oriented immersive entertainment.

The final component of WBTVG is broadcasting: The CW Television Network, launched (in partnership with CBS) in September 2006 with quality, diverse programming, is targeted to the 18–34 audience.

Warner Bros. Animation’s combined classic and contemporary library currently boasts 14,000 animated episodes and shorts which air on domestic broadcast networks, as well as cable networks and in direct-to-video releases around the world. The classic library includes such brands as Looney Tunes, Merrie Melodies, Hanna-Barbera and Ruby-Spears as well as such beloved characters as Bugs Bunny, Daffy Duck, Sylvester, Tweety, Taz, Tom and Jerry, Popeye, Batman, Superman, the Flintstones, the Jetsons and Scooby-Doo.

Warner Bros. Home Entertainment Group brings together Warner Bros. Entertainment’s home video (Warner Home Video), digital distribution (Warner Bros. Digital Distribution), interactive entertainment/videogames (Warner Bros. Interactive Entertainment), direct-to-consumer production (Warner Premiere), technical operations (Warner Bros. Technical Operations) and anti-piracy (Warner Bros. Anti-Piracy Operations) businesses in order to maximize current and next-generation distribution scenarios. WBHEG is responsible for the global distribution of content through DVD, electronic sell-through and transactional VOD, and delivery of theatrical content to wireless and online channels. It is also a significant worldwide publisher for both internal and third party videogame titles.

In 2010, Warner Home Video dominated the U.S. market as the number one company in total sell-through video (DVD and Blu-ray combined) with 20.6% marketshare, theatrical catalog, TV on DVD, non-theatrical family and animation, Blu-ray and VOD. WHV has been the number one studio in overall DVD sales 14 consecutive years, and is also the leading studio in the international home video space.

With more than 3,700 active licensees worldwide, Warner Bros. Consumer Products licenses the rights to names, likenesses and logos for all of the intellectual properties in Warner Bros. Entertainment’s vast film and television library. With a global network of offices and agents in key regions throughout the world, including North America, Latin America, Asia and Europe, WBCP maintains an ongoing commitment to expand and build the power of its core brands’ recognition in the international marketplace through strong and creative merchandising, promotional marketing and retail programs.

DC Entertainment’s DC Comics has been in continuous publication for more than 60 years, and is the leading comic book publisher in the industry and the creator of some of the world’s most recognized icons. DC’s characters continue to headline blockbuster feature films, live-action and animated television series, direct-to-video releases, collectors’ books, online entertainment, digital publishing, countless licensing and marketing arrangements and, most recently, graphic novels. DC continues to attract new readers and fans all over the world with its signature characters Superman, Batman, Wonder Woman and Justice League leading the way.

Warner Bros. International Cinemas provides a true state-of-the-art movie experience to audiences in Japan with more than 60 multiplex cinemas and more than 600 screens internationally. One of the pioneers in multiplex development for the international marketplace, WBIC is continually exploring new markets for expansion. (Credit: Warner Bros. Entertainment)

 

Press Release

09 August 2010


MICROGAMING SET TO LAUNCH THE LORD OF THE RINGS™: THE FELLOWSHIP OF THE RING ONLINE VIDEO SLOT GAME


First Title to Utilize Proprietary Cinematic Spins™ Technology Allowing Players to Experience the Film with Every Spin


ISLE OF MAN – Microgaming today announced the imminent launch of a new flagship game, The Lord of the Rings: The Fellowship of the Ring Online Video Slot Game. This slot game is the first to utilise Microgaming’s new Cinematic Spins™ technology, allowing gamers to see clips from the films with every spin.

The Lord of the Rings: The Fellowship of the Ring is a new online slot game that is part of a multi-year licensing agreement Microgaming signed with Warner Bros. Digital Distribution in 2009. The company is developing a series of cutting-edge, graphic rich video slots based on this popular movie trilogy and will use animation material, themes, and characters, from the trilogy of The Lord of the Rings™ motion pictures that include The Lord of the Rings: The Fellowship of the Ring, The Lord of the Rings: The Two Towers and The Lord of the Rings: The Return of the King. These online slot games will be available to adults only in countries where online gaming is permitted.

The Lord of the Rings: The Fellowship of the Ring is the first online video slot to use Microgaming’s Cinematic Spins™ state-of-the-art gaming technology. This allows movie clips to act as moving backgrounds behind the reels during spins providing players an unprecedented level of excitement and immersion.

Win sequences and expanding wilds also use cinematic clips, instead of traditional animated graphics. The slots feature famous scenes from the film including Ringwraiths during the attack at Weathertop, Balrog in the Mines of Moria, and Uruk-hai in the woods of Middle-earth. Players will also enjoy seeing characters from the films that include Frodo, Aragorn, Saruman and the deadly Black Riders.

Roger Raatgever, CEO Microgaming comments: “Microgaming has always been ahead of the curve with innovative offerings, but this game really does push the boundaries of what an online slot can do. The Lord of the Rings: The Fellowship of the Ring looks and feels like an extension of the big screen film experience and we’re confident that our operators will see a great deal of demand from their players, when the game is released. This is an important deal for Microgaming and highlights our commitment to partner with the right brands, at the right time. The Lord of the Rings is one of the most successful and well loved brands on the planet and we are excited about combining this widespread appeal with Microgaming’s groundbreaking software.”

The Lord of the Rings Trilogy generated $3 billion in worldwide box office receipts and was nominated for a total of 30 Academy Awards®; of which they won 17, including Best Picture.

- Ends -
Notes to editors:
*Cinematic Spins is a trademark held by Microgaming

© 2010 New Line Productions, Inc. All rights reserved. The Lord of the Rings: The Fellowship of the Ring, The Lord of the Rings: The Two Towers, The Lord of the Rings: The Return of the King and the names of the characters, items, events and places therein are trademarks of The Saul Zaentz Company d/b/a Middle-earth Enterprises under license to New Line Productions, Inc.

For further information please contact:
Duncan Skehens / Laura Moss/ Lyndsay Haywood
Lansons Communications
020 7490 8828
DuncanS@lansons.com / LauraM@lansons.com / LyndsayH@lansons.com
Warner Bros. Digital Distribution

Peter Binazeski
818-977-5701
peter.binazeski@warnerbros.com
About Microgaming (www.microgaming.com)
Since the company developed the first true online Casino software over a decade ago, it has led the industry in providing innovative, reliable gaming solutions. Thanks to an unrivalled R&D programme, that averages 60 games per year and a unique ‘partnership’ approach to working with operators; Microgaming software powers over 160 market-leading online gaming sites.
The company’s front and back-end software supports multi-player, multi-language games - over 500 of them, all uniquely branded and provides platforms for land-based and wireless gaming. Microgaming powers the world’s largest Progressive Jackpot Network and has paid out over €265million. In May 2009 it created the biggest ever online jackpot winner with a single payment win of €6.37m.

As a founding member of eCOGRA, Microgaming is at the forefront of an initiative focused on setting the highest standards in the gaming industry, and leads in the areas of fair gaming, responsible operator conduct and player protection. Microgaming has been awarded eCOGRA’s Certified Software Seal following a rigorous onsite assessment to ensure that the development, implementation and maintenance of the software is representative of industry best practice standards Microgaming licensees are therefore eligible to apply for the eCOGRA Safe & Fair Seal.

About Warner Bros. Digital Distribution
Warner Bros. Digital Distribution (WBDD) manages Warner Bros. Home Entertainment Group's (WBHEG) electronic distribution over existing, new and emerging digital platforms, including pay-per-view, electronic sell-through, video-on-demand, wireless and more. WBDD also oversees the WBHEG's worldwide digital strategy, partnerships in digital services and emerging new clients and business activities in the digital space.

 

News

2009

With Time Warner sitting on $7 billion in cash, the Marvel deal has ignited rumours of a second wave of consolidation in the media industry. Dream Works Animation, home of Shrek, is seen as a potential takeover candidate, as is MGM with its huge library of classic films. The games firms Electronic Arts and Take Two Interactive, with its Grand Theft Auto franchise, are also being touted as potential buys.


Profile

Warner Bros. Entertainment, Inc. (also known as Warner Bros. Pictures, or simply Warner Bros.) is one of the world's largest producers of film and television entertainment.

It is a subsidiary of Time Warner, with its headquarters in Burbank, California and New York City. Warner Bros. has several subsidiary companies, including Warner Bros. Studios, Warner Bros. Pictures, Warner Bros. Interactive Entertainment, Warner Bros. Television, Warner Bros. Animation, Warner Home Video, TheWB.com and DC Comics. Warner owns half of The CW Television Network.


Founded in 1918 by Jewish immigrants from Poland, Warner Bros. is the third-oldest American movie studio in continuous operation, after Paramount Pictures, founded in 1912 as Famous Players, and Universal Studios, also founded in 1912.