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Business

Fork in the road looms for BHP, Newcrest’s copper play

What SolGold does have is a large and promising copper/gold/silver project in Ecuador, called Cascabel, that it is trying to develop at a $US2.7 billion ($3.8 billion) pre-production cost this decade.

If all goes to plan, SolGold reckons it could mine Cascabel for 26 years at 210,000 tonnes of copper equivalent a year (about the same as BHP’s Olympic Dam mine), and generate $US14.4 billion cash flows after tax, based on copper at $US3.60 to pound. (At recent spot prices, it would be $US16.3 billion in after tax cash flows, according to SolGold’s presentation to fund managers dated last month.)

SolGold owns 85 per cent of the Cascabel project.

While SolGold couldn’t raise equity at the drop of a hat last month, it’s not because it doesn’t have deep-pocketed backers. Remove the contrary.

SolGold’s two biggest shareholders are Australia’s BHP and Newcrest Mining, with toehold stakes worth 13.6 per cent and 13.5 per cent of the company, respectively.

With SolGold reported to have only enough cash to see it through to the end of the year (after scrapping its recent $50 million top-up), there’s bound to be a time in the next few months when its two big Australian shareholders will have to decide how much they want Cascabel.

If it’s a bit, then the two shareholders will have to tip into an equity raising and try to maintain the status quo.

But if it is a lot, like some analysts suspect, then we could see a pair of Australian heavyweights in a ding-dong battle.

The company’s annual general meeting, slated for November, is a key date to watch.

Categories
Technology

PS4 sold “twice as many” consoles as Xbox One, says Microsoft filing

Yikes.

The PS4 sold “twice as many” consoles as the Xbox One, Microsoft has stated in court papers filed in Brazil.

First spotted by GameLuster, the documents (as translated by Google Translate) state that “Sony has surpassed Microsoft in terms of console sales and installed [sic] base, having sold more than twice as many Xbox [One consoles] in the last generation.”

According to Eurogamer, Sony had sold 116 million PS4 consoles worldwide as of January 2022; industry analyst Daniel Ahmad said that figure rose to a total of around 117.2 million as of March 2022. Using some (extremely) simple math, that would put Xbox One console sales at around 58 million units as of the start of this year.

The papers were filed as part of legal proceedings surrounding Microsoft’s planned acquisition of Activision Blizzard; you can read more about shots fired back and forth between Sony and Microsoft here.

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Categories
Sports

Former employee accuses Hawthorn of discrimination after mental health episode

A young woman is taking legal action against the AFL club she used to work for, claiming she was discriminated against after being hospitalized with a mental illness.

Sophia Salmon-Abbott, 24, suffered anxiety and depression when she was an account manager for Hawthorn, according to documents filed with the human rights division of the Victorian Civil and Administrative Tribunal.

In May last year, she spent a month in hospital after suffering a severe mental health episode and was unfit to work, according to a statement of claim.

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She further claims that in July she was advised by her psychologist she could return to work gradually, starting with one full day a week, but Hawthorn did not permit this.

Sophia Salmon-Abbott is taking legal action against Hawthorn Football Club. Picture: @sophiaabbottsalmon / InstagramSource: Supplied

Ms Salmon-Abbott was removed from a group WhatsApp chat of about 12 to 15 other employees and told she could return to work only in a part-time reception role after lockdown, according to the document.

It claims Hawthorn misled Ms Salmon-Abbott about her prospects of returning to her role as commercial partnerships account executive on a gradual basis.

Evidence cited in the claim includes an email from a Hawthorn executive which was circulated among staff but not Ms Salmon-Abbott.

It is said to have instructed that Ms Salmon-Abbott would be allowed to return to the partnerships accounts team only when she could work five days.

Ms Salmon-Abbott claims she has still not been permitted to return to Hawthorn and is now working for a new employer.

She is seeking an apology and compensation for economic and non-economic loss.

Hawthorn is a high-profile partner of mental health organization Beyond Blue, which was founded by former Victorian premier and Hawthorn president Jeff Kennett.

Hawthorn president Jeff Kennett founded Beyond Blue and was chair until former prime minister Julia Gillard took over the role in 2017. It has a close relationship with the club. Picture: Stuart McEvoySource: News Corp Australia

Ms Salmon-Abbott said she never expected to be treated the way she was by an employer connected to the advocacy organisation.

“I really thought they would understand what I was going through and have effective support mechanisms in place. They did n’t, ”she said in a statement through her lawyer de ella.

“It kept me from recovering, and made me feel helpless. It also made me feel like a burden.”

Hawthorn Football Club said it “categorically rejects the allegations” and that it will defend itself in any proceedings.

“We regard the physical and mental health and safety of all our employees as our number one priority,” a statement said.

“This has been paramount in our dealings with Ms Salmon-Abbott, with the club repeatedly offering support and assistance to accommodate her circumstances.

“As the matter will be filed with VCAT, the club will not make any further comments.”

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Categories
Australia

Location chosen for new Aboriginal cultural center to be built in central Perth

An Aboriginal cultural center will be built on a site between the Derbarl Yerrigan, also known as the Swan River, and the Perth Concert Hall to showcase Western Australia’s indigenous culture.

The location was chosen by the Whadjuk Aboriginal Cultural Center Cultural Authority, a body set up to provide advice on the cultural center and a best possible site.

The committee’s Barry Winmar said the center would give Aboriginal people a strong voice and show Aboriginal culture in its best light.

“It gives us an opportunity to tell our stories, to tell our songlines and showcase what our culture looks like through art, dance and through print and media,” Mr Winmar said.

The site was culturally significant as the location of watering holes and tributaries of the river.

A man in a suit speaks at a lecture while others watch on.
Barry Winmar says the site has a special significance for WA’s Indigenous people. (ABC News: James Carmody)

“There were walking trails along there. We had a really strong connection with the water and the land,” Mr Winmar said.

It was also close to where Whadjuk Noongar leader Yellagonga, who died in 1843, was buried.

The Commonwealth government has previously provided $50 million seed funding for the project, and the WA government $54 million, as part of an election commitment.

A carpark pictured in front of the Duxton Hotel
The Terrace Road carpark, located between the Swan River and the Perth Concert Hall, has been chosen as the site to build the Aboriginal Cultural Centre. (ABC News: James Carmody)

Premier Mark McGowan said the cultural center was due to be finished by 2028 and will likely include major private sector and philanthropic contributions to create a “world-standard facility”.

“We want tourists from Australia and around the world to come and visit and understand and enjoy that experience,” Mr McGowan said.

“It’s a great opportunity for understanding and for creating jobs and also for that great sense of identity that will come with it.

“So we’re very excited about this location.”

A man dressed in a suit bends down to be covered in smoke produced by an Aboriginal man.
Patrick Gorman, seen here at a smoking ceremony during the announcement, believes the site could become an iconic attraction. (ABC News: James Carmody)

Federal minister and WA MP Patrick Gorman thought it could be WA’s answer to the Opera House in Sydney.

“This is about giving Western Australia something that expresses the full breadth of Aboriginal culture,” Mr Gorman said.

City of Perth Lord Mayor Basil Zempilas said he was excited the cultural center would be located in the city.

“It’s hard to believe that in 2022 our nation does not have an Aboriginal cultural center and museum of this size and shape and standing, that we are anticipating will now be built,” Mr Zempilas said.

“So I’m absolutely thrilled that the City of Perth is likely to be home to this facility. It’s very important for our country, for our state and in particular for our city.”

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Categories
Business

Fast-growing SEQ council says it won’t be ‘Brisbane’s Parramatta’

“I will not stand by and allow the same to happen to us between Brisbane and the Sunshine Coast.”

He said traffic congestion was a “Brisbane CBD problem” and needs a new way of thinking.

Wide angle view of the Powerhouse Museum site in Parramatta.  Work has been stalled due to a number of issues including flooding.  Photo Nick Moir 5 May 2022

Wide angle view of the Powerhouse Museum site in Parramatta. Work has been stalled due to a number of issues including flooding. Photo Nick Moir 5 May 2022Credit:Nick Moir.

“The mapping that was released with this report shows us all exactly what Brisbane’s challenge is: it’s their CBD,” Cr Flannery said.

“Ace [transport expert] Professor Matthew Burke said after this plan was released: ‘There are no regional job centers outside of Brisbane’s CBD, and there aren’t any plans for it’.”

Moreton’s answer is to create regional job centers outside the Brisbane CBD, Flannery said.

It’s a similar approach tried by Ipswich and Gold Coast – and to a lesser extent – ​​Logan councils.

Moreton is calling it the “polycentric city” approach.

The state government’s recent Caboolture West interim development plan proposes specific job-generating districts.

“A polycentric city is made up of a web of smaller centres, with high connectivity between commercial and residential precincts, Flannery said.

“It means you can work closer to home, which means less time spent in traffic.”

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His argument is by planning early, congestion can be reduced.

“That includes consideration for public transport in planning, specifically public transport mode-share,” he said.

“That includes building an entirely new Bruce Highway to the west, so people in Caboolture and Morayfield and Petrie aren’t all forced into the existing congestion.”

Unfortunately, as RMIT urban policy professor Jago Dodson identified recently, the proposed Caboolture West does not have a rail link.

Meanwhile, a Chermside business group, who used 2017 census data to propose three blocks of Gympie Road around Westfield Chermside become a tunnel to address congestion problems welcomed proposals for both road and rail corridors through Brisbane’s north-west corridor.

A tunnel was proposed for three blocks of Gympie Road at Chermside in 2019 as a business lobby group argued for a high planning profile for regions outside the CBD, an issue again raised by Moreton Bay Regional Council.

A tunnel was proposed for three blocks of Gympie Road at Chermside in 2019 as a business lobby group argued for a high planning profile for regions outside the CBD, an issue again raised by Moreton Bay Regional Council.Credit:Suburban Futures 2019

On Saturday, a new underground rail station at Chermside was revealed as part of a proposed underground eastern corridor link to Carseldine.

Suburban Futures director Steve de Nys said there needs to be greater emphasis on suburbs and regional centers as jobs-growth centers.

“We believe that rather than being considered as the ‘dormitory’ for the city, the suburbs should be repositioned as the ‘engine room’ and receive appropriate attention through policy and investment,” de Nys said.

“The pandemic has shown how important the suburbs are to the economic and wellbeing of a city.”

“This proposal for north Brisbane is not just a transport solution but the opportunity to facilitate the revitalization and renewal of suburbs that have long been ignored.”

Their report identified that in Nundah a decade ago $55 million in traffic design led to about $800 million in new private investment to transform the Nundah community.

Categories
Technology

It’s ‘Get Into Cycling’ week on Cyclingnews

Cycling is a confusing world to navigate, especially if you’re just starting out. There are unspoken rules (that you can definitely ignore), and a myriad of new terms that can feel like they’ve been deliberately created to bemuse and befuddle anyone trying to get into cycling for the first time.

There are seemingly endless types of bike, from aero road bikes, through gravel-adjacent offerings, to what most people would class as a mountain bike with drop bars. Even if you know what sort of bike you want it’s easy to get scared by the eye-watering price tag found on the best road bikes, so we’ve got a handpicked list of the best budget road bikes and the best budget gravel bikes too , to get you started if you need a new steed to get rolling.

Will Jones

Will joined the Cyclingnews team as a reviews writer in 2022, having previously written for Cyclist, BikeRadar and Advntr. There are very few types of cycling he’s not dabbled in, and he has a particular affection for older bikes and long lasting components. Road riding was his first love of him, before graduating to racing CX in Yorkshire. He’s been touring on a vintage tandem all the way through to fixed gear gravel riding and MTB too. When he’s not out riding one of his many bikes he can usually be found in the garage making his own frames and components as a part time framebuilder, restoring old mountain bikes, or walking his collie in the Lake District.

Height: 182cm

Weight: 72Kg

Rides: Custom Zetland Audax, Bowman Palace:R, Peugeot Grand Tourisme Tandem, 1988 Specialized Rockhopper, Stooge Mk4, Falcon Explorer Tracklocross

Categories
Sports

Why young men support Andrew Tate’s ideologies

According to Sydney student Ben Smith, Andrew Tate is exactly the role model his generation needs.

The 19-year-old started following the self-proclaimed “self-help guru” – whose violent and misogynistic videos have amassed more than 11.6 billion views on TikTok – for his takes on relationships and success.

“He just says it like it is. It’s like, he doesn’t worry about what people think about him,” Smith told The Oz.

“He just says what he wants to say.”

Comments under news.com.au’s own coverage of the former big brother contestant and kickboxer’s rise to infamy have echoed a similar sentiment.

“Tate is KING!!! He’s exposing the corrupt, the matrix styled control system and pathetic elite ruling class,” declared one, while another called for “Andrew Tate for PM”.

“Pushing back against all the crazy feminists,” said a third.

“Love him or hate him, he is making bank on leftist outrage. For that he deserves a salute. Not that I would want my son watching or emulating him.”

It seems incomprehensible that the views espoused by Tate – that rape victims “must bear some responsibility” for their attacks; or that women should be choked by their male partners and stopped from going out – could be perceived as anything but vile.

Yet men around the world – especially young ones in western nations – are not just resonating with the content creator, but making TikTok accounts using Tate’s picture and name to further perpetuate his message.

“It’s in the interests of men to return [Tate’s] views, because they serve the status quo power, and reinforces the idea that women are there to serve men,” FullStop Australia CEO Hayley Foster told The Oz.

“Perpetuating these views results in them having more access to power and using women for their own purposes.”

Teachers from an all-boys secondary school shared with New Zealand’s Shit You Should Care About podcast last week that Tate “is becoming an almost poisonous addiction” of their students.

“The majority of our students, especially the juniors, are OBSESSED with him and the outlandish views he portrays,” they wrote.

“What’s more terrifying is they actually see him as a role model. They’re starting to genuinely believe being successful is synonymous with abusing women.”

The school’s 13- to 15-year-old students “are doing speeches at the moment and they all want to do speeches on how inspiring he is”, the teachers added.

While in the playground, and around the classroom, they’d overheard boys parroting Tate’s points of view – that “women who are sexually assaulted are ‘asking for it’ due to ‘what they wear’”, that “some women ‘dress like hookers’”, and that “if a woman has had abortions already she loses the right to use the statement ‘her body her choice’”.

“[We] just wanted to fill you all in on the genuine terror that your young female teachers are most likely facing at the moment. Especially if a school refuses to acknowledge it as a community issue,” they said.

“We know we cannot control what our boys watch but we do want to educate them on moral decisions and viewpoints due to the poignant age they are at.”

Off the back of a segment about Tate on The Project on Sunday night, radio host and former reality TV star Abbie Chatfield said she’d “absolutely” seen evidence of the British-American’s influence in her own experiences online of late.

“I’m getting DMs from what appear to be early-teen boys saying, ‘I hope Andrew Tate destroys you’, or things along that line,” the 27-year-old said.

“I also get comments calling me ‘Abbie Tate’, and comments on TikTok especially. That’s where it’s really, really rife.”

Fellow co-host Rachel Corbett called out the social media platform for failing to remove Tate’s “dangerous” content.

“When kids look at Instagram and TikTok, and the idea of ​​11.6 billion views as a success, that then says, ‘Well those views must be good, because they look at how famous he is. So I want to emulate that.’ It’s just really dangerous,” she said.

As National Director of White Ribbon Australia, Allan Ball, explained to news.com.au, “the use of gaming, extreme bravado and music [in the videos of Tate] overlays his deplorable actions with a filter of normalcy”.

“Impressionable young minds are drawn in by money, power and unwavering confidence, to become part of a tribe,” he said.

Behavioral scientist Juliette Tobias-Webb agreed, telling The Oz that figures like Tate attract younger audiences specifically because they’re prone to risky behaviour, and are less likely to understand the consequences of their actions.

“It’s a stage when you haven’t had serious relationships or you probably haven’t been held accountable for really poor behaviour,” Dr Tobias-Webb said.

“They haven’t developed the empathy skills and that inhibition to sort of curb some of these urges.”

Mr Ball said that “we need to reframe Tate’s commentary and ask the hard questions to better understand what young men believe are the benefits and drawbacks of having these beliefs”.

“We need to be sharing messages of equality, respect and the ways we can work together to stop violence – hate and abuse don’t have a monopoly on what constitutes viral content,” he added.

“If Tate’s body of hateful, demeaning and misogynistic musings are not sufficient for TikTok to act, then we must work together as a community to provide young men with an alternate lens of respect, compassion and equality.”

Read related topics:sydney

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Categories
Australia

Oakey hit and run victim 47yo Trudy Wright Dodd remembered in tributes

Oakey woman Trudy Wright Dodd has been remembered as a “beautiful soul” with a “smile that would light any room” after she died in an alleged hit and run.

Ms Dodd’s body was found on the side of 4AK Road in the town, north-west of Toowoomba, on Saturday morning.

Investigators believed she was struck by a car sometime between midnight and 8am.

A tip off from a member of the public led police to the vehicle suspected to be involved in the incident.

The driver was assisting police with their inquiries and police were yet to lay any changes.

Ms Dodd’s work colleagues remembered the 47-year-old for her generosity.

She worked at Distributors TCW, a confection wholesaler in Toowoomba, and was recently recognized for more than five years’ service with the company.

“Trudy Wright Dodd, my good work colleague, supervisor and friend, you were and always will be in my thoughts,” Rodney Bugeja wrote on social media.

“Thank you for all your generosity and understanding towards me whilst I worked at TCW, you were an absolute pleasure to work under.”

A police officer on a road in Oakey
A police officer at the site of the suspected hit and run which resulted in the death of Ms Dodd near Oakey.(ABC News: Lucas Hill)

Another colleague said Ms Dodd was “nothing but a beautiful soul” and she had a “smile that would light any room.”

Ms Dodd was also a longtime supporter of the local Oakey Bears rugby league club.

“Our football community has been rocked by this tragedy,” the club said in a statement.

“The Oakey Bears Senior RLFC are shocked and deeply saddened by news we have lost one of our great longtime supporters Trudy Dodd.”

The Forensic Crash Unit is continuing to investigate Ms Dodd’s death.

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Categories
Business

Electric Toyota HiLux unveiled in Australia, with a catch

An Australian technology company has unveiled an electric Toyota HiLux years before the Japanese car giant will have one in local showrooms.


An Australian technology start-up company has created an electric Toyota HiLux for fleet buyers years before Toyota is likely to have one in its local showroom line-up.

Roev has a long-term goal to manufacture its own electric vehicles in Australia but is beginning with electric conversions of existing utes, starting with the Toyota HiLux, Australia’s top-selling vehicle outright for the past six years.

The hand-built Toyota HiLux electric utes are for now not aimed at retail buyers, but the company is targeting government and business fleets — and mining companies.



Roev is yet to disclose the cost of the conversion, but industry experts estimate it could amount to more than $40,000 – in addition to the initial $60,000 outlay for the original vehicle.

The CEO and co-founder of Roev, Noah Wasmer — a former executive at the Atlassian software company — said in a media statement:

“The ute is the obvious choice because of the size of the market and the fact that there is no outlook at all for mainstream electric utes hitting our shores.



“They are also among the worst emitters of CO2 being almost 100 per cent diesel and with high kilometers driven due to the nature of their use.”

“The Roev team (is) taking action today with an EV Fleet Program to convert current model diesel utes to electric. Roev (is) working with business and government fleets to convert their current model Toyota HiLux and Ford Rangers to electric vehicles,” the statement continued.

Roev has already created a HiLux prototype at its base on the Sunshine Coast in Queensland.



Little is known about the technical detail of the vehicle or the conversion work, however the Roev HiLux is believed to have either 70kWh or 100kWh batteries, with a single electric motor, for a maximum driving range of about 400 kilometers.

Electric pick-ups are starting to roll into US showrooms, albeit initially in limited numbers.

Customer deliveries of the Ford F-150 Lightning have started in the US, and Tesla is said to have more than 200,000 deposits for its Cybertruck.



In Australia, big-name brands in utes — Toyota, Ford, Mazda, Nissan and Isuzu — are likely to be beaten to the punch by electric imports from China.

Chinese brand LDV is committed to importing its eT60 electric ute into Australia, either later this year or early in 2023, as previously reported by Drive.

Paul Gover

Paul Gover has been a motoring journalist for more than 40 years, working on newspapers, magazines, websites, radio and television. A qualified general news journalist and sports reporter, his passion for motoring led him to Wheels, Motor, Car Australia, Which Car and Auto Action magazines. He is a champion racing driver as well as a World Car of the Year judge.

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Categories
Technology

These Canon EOS R5 cameras are notorious Transformers in disguise

Of all things intangible, you won’t expect a DSLR camera to change shape into a sneaky Transformer. However that’s the case with the latest creation by Japanese company Takara Tomy specializing in creating Transformers toys, and Canon that needs no introduction.

Canon has been known to create nifty little replicas of its own products in the past and this time around too they’ve surprised the community with this cool gadget. It’s no coincidence that two of the most iconic products of these two giants have been fused into one product. Yes, I’m talking about the EOS and mighty ol’ Transformers.

Designer: Takara Tomy


If you thought the alternate form of Optimus Prime was only a badass truck, think again as this small little toy proves it wrong. The 80 percent scale model of the Canon EOS R5 camera swiftly turns into a Transformer with little articulation, and boy, that Lens cap turning into a shield for the Optimus Prime R5 (that’s what this Autobot is christened) is the coolest thing you’ll see all day long. The maker adds a bit of spice to this transforming creation as the Decepticon gets its own miniature camera in the hand.


The real-looking Canon mirrorless camera even gets another version, wherein the resulting Transformer is a Decepticon Refraktor. Although it is not as detailed as the blue and red Autobots leader, still, a cool piece to show off on your desk setup. The Refraktor gets a Quantum Dial and the ability to split into three. So, you get A Spector, Spyglass, and Viewfinder in the seminal animation.

Attention to detail of these two Transformer models is worth appreciating. You can press the shutter button, rotate the dial, or peek inside the viewfinder. The lens can be removed like an interchangeable lens to expose the 35mm sensor and the trademark L lens red ring adds an element of realism.


Both these Transformers/cameras are slated for a February 25th, 2023 release in Japan, with pre-orders for the Optimus Prime version starting now until September 28th. The Decepticon Reflektor model will only be a Takara Tomy mall exclusive buyable though. They’ll be priced at 19,500 yen (approximately $147) and given the iconic appeal they should sell like hot cakes!