|
Australian
News
Media
Man Blog
News
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. Discoverys
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 Australias
largest single iron ore mine, producing 6070
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
Rineharts 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, Maaden.
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 Bitcoins 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 Ethereums market value could disrupt
the blockchains settlement mechanism and cause
Ethereums 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 Mondays 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 Ethereums 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.
Were screwed! -- thats how
Donald Trump described the possible Supreme Courts
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
Courts 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 USDJPYs surge to its highest level since
July 2024. The second factor was rumours of early
elections in Japan. The new prime ministers
ratings are high, and she intends to strengthen the
Liberal Democratic Partys 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 yens 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
Tokyos 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 worlds leading entertainment service
become the home of WWEs library in the U.S.
Beginning
immediately, Netflix is the new U.S. home for WWEs
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 WWEs 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 WWEs
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
Raws official Netflix debut on January 6, 2025,
the show has made the Global English TV Top 10 nearly
every week its 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
its 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
is 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 Satoshis 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 its 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 its 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 Satoshis 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 its 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 its 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
89, 2025, in Perth, this event will focus on
critical minerals, mine waste management, and innovative
technologies shaping the industrys future. It
aims to be a key platform for networking and industry
insights.
Global
Resources Innovation Expo (GRX25): Set for May 2022,
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
Tintos Winu Project: Rio Tinto and Sumitomo
Metal Mining signed final joint venture agreements
for the Winu copper-gold project in Western Australias
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.
Tivans
Speewah Fluorite Project: Tivan formed a joint venture
with Sumitomo Corporation, supported by a $5.3 million
investment and government funding, to develop Australias
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 12,00014,000 tonnes for 2025.
Critical
Minerals and Sustainability: Australias 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 Queenslands
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 anchors
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. Its a sharp
critique of modern medias vulture-like tendencies.
Zodiac
(2007) - Directed by David Fincher, this film chronicles
a cartoonist-turned-detectives obsession with
the Zodiac Killer, exploring medias 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 Moores
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 Bitcoins
origins and the identity of Satoshi Nakamoto. Its
a thrilling investigation into Bitcoins rise
and its potential impact on global finance.
Streaming:
Available on HBOs 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 Bitcoins impact,
its challenge to centralized banking, and its early
history. Its a great pick for understanding
Bitcoins 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 Bitcoins 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
Bitcoins 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 dont 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 Bitcoins 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 devices
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.
Ballys
have got the opportunity to say look, were a
new operator, we have nothing to do with the sins
of the past, Mr Scott said.
I
think they didnt 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. Heres
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
Stars market share. The company secured a $300
million investment from Ballys Corporation and
Investment Holdings (linked to the Mathieson family),
with $100 million injected in April 2025, providing
critical liquidity. Stars cash reserves were
at $98 million as of April 11, 2025, narrowly avoiding
collapse.
Ballys
Takeover and Overhaul Plans: Ballys, a U.S.
casino giant, is set to control about 56% of Stars
capital, pending regulatory approval. Ballys
chairman, Soo Kim, emphasized a back-to-basics
approach, aiming to strip away the luxury focus of
Stars casinos (Sydney, Brisbane, and Gold Coast)
and make them more accessible, likening them to large-scale
RSL clubs. Kim noted Ballys history of turning
around distressed properties but acknowledged Stars
turnaround as a significant challenge.
Operational
and Market Challenges: Stars Brisbane casino,
Queens 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. Ballys 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 Ballys intervention offers
a lifeline, Stars 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 Ballys own motivationsacquiring
a distressed asset at a discountmay prioritize
its interests over Stars 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. VanEcks
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 dont reflect the outlook for the yellow
metal.
Golds
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
Streets 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
Smorgons top holdings include ASX-listed Vault
Minerals and the worlds largest gold miner,
US-based Newmont, which recently acquired Newcrest.
The fund also owns Australias 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 Mondays 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 Institutes 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
Ill 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 thats
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 Carters 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
were thrilled to expand this partnership with
the WA Government. Perths 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.
WWEs
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 WWEs long-awaited return to Australiaa
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 UFCs 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, TKOs 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 worlds 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. UFCs athlete roster
features the worlds best MMA athletes representing
more than 70 countries. The organizations digital
offerings include UFC FIGHT PASS®, one of the
worlds 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.
WWEs 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, NBCUniversals 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 worlds premier mixed martial
arts organization; WWE, the global leader in sports
entertainment; and PBR, the worlds 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
Musks X Files Antitrust Suit Against Global
Advertising Alliance
August
6, 2024
Elon
Musks 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 GARMs 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 worlds 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 GARMs boycott led advertisers to
pull money from X under the guise of brand safety
concerns.
Xs
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 Xs 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 colleagues 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
Musks lawsuit, claiming it has also been impacted
towards GARMs 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 companys 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
Youll 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
Media
Man Int
Subscription
News (Media Man Int)
https://www.mediamanint.com/subscription_news.html
#NewsCorp
#Foxtel #FoxtelNews #FoxtelGroup #AFR #FinancialReview
#Kayo #KayoSports #Binge #Hubbl #SubscriberTV #PayTV
#subscription #subscriptionnews #TV #mediabusiness
#medianews #businessnews #biz #newswire #newsfeed
#trend #trends #Australia #media
Gold
News
Blogs
Media
Man Business Blog
Media
Man News Blog
Websites
The
Sydney Morning Herald - Gold
The
Sydney Morning Herald - Currencies
The
Sydney Morning Herald - Mining
The
Australian Financial Review - Commodities
Market
Index - Gold
MarketWatch
- Futures
Fatured
Websites
FX
Pro
NASDAQ
Mining.com.au
The
Australian Mining Review
FOX
Business FOX
News - US Economy
Daily
Updates via Media
Man Int X
FxPro
- Gold
Business
News: Australia
(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.
News
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
The
Sydney Morning Herald - Gold
The
Sydney Morning Herald - Currencies
The
Sydney Morning Herald - Mining
The
Australian Financial Review - Commodities
Market
Index - Gold
MarketWatch
- Futures
Profiles
Markets
Business
Gold
Mining
Currency
Jewelry
Luxury
World
Australasian
Gaming Expo
Advertising
Promotions
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)
News
Trends Bitcoin
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Sky
News Australia - Business News
The
Sydney Morning Herald - Business
News.com.au
- Finance - Business
The
Australian Financial Review - Companies
AFR
- Companies Index
The
Australian Financial Review - Media and Marketing
Valuetainment
- Business
Financial
Times
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)
Media
Man
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 industrys 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 Studios
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 Studios
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 Studios 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 Lines
2011 release slate, distributed by Warner Bros., include
Horrible Bosses, Final Destination
5, A Very Harold & Kumar 3D Christmas
and New Years 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 Americas 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 worlds 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 1834 audience.
Warner
Bros. Animations 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. Entertainments 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. Entertainments 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
Entertainments 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 worlds most recognized icons.
DCs 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 Microgamings
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 Microgamings
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 were
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 Microgamings 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 companys 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 worlds
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 eCOGRAs 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.
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