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Furious Jetstar passenger kicked off flight over wild suitcase ‘mistake’

A traveler has detailed the shocking moment she was “kicked off” a Jetstar flight after being mistakenly told she had a “dangerous” item in her checked suitcase.

Clare Vertannes was in her seat ready for takeoff from Sydney to Perth shortly after 12pm on April 10 when a flight attendant told her she could no longer fly with the budget airline.

WATCH VIDEO ABOVE: Clare shares her Jetstar debacle story

For more Lifestyle related news and videos check out Lifestyle >>

The 26-year-old event coordinator claims she started to “panic” when she was ordered off the flight without any explanation.

“I kept asking the flight attendant what was going on and I essentially started to freak out. Many thoughts started to rush through my head at this point,” Clare tells 7Life.

“I felt beyond confused and in disbelief because I had no idea what was going on.”

Clare Vertannes was traveling from Sydney to Perth on April 10. Credit: Clare Vertannes

Eventually, she was told there was a “dangerous” battery pack in her checked luggage – but Clare insisted hers was in her carry-on handbag.

“I knew my battery pack was not in my suitcase because it was in my handbag, which I proceeded to take out and show her,” Clare claims.

“After I showed her my battery pack and tried to tell her that there had been a mistake, she proceeded not to acknowledge what I was saying and kept repeating that I needed to collect my suitcase from baggage claim.”

Realizing she would miss her existing flight, Clare – who was visiting Sydney on a work trip – asked whether she was going to be put on the next plane to Perth.

‘angry and annoyed’

“The flight attendant said to me… that Jetstar will not be paying for another seat for me,” she claims.

“She said it was my fault that I had held up all these people on the plane and that I, in fact, had to compensate them because I had held up the scheduled flight.

“Again, I was in disbelief and this is when I started to feel angry and annoyed because she was blaming me and not giving me the benefit of the doubt.”

A traveler claimed she was ‘kicked off’ a Jetstar flight after being mistakenly told she had a ‘dangerous’ item in her checked suitcase. Credit: Clare Vertannes

Clare says she was left in tears by the time she arrived at baggage claim.

As she made her way to the counter, she was allegedly told her checked suitcase did not contain any “dangerous” item.

“The staff member said, ‘I’m so sorry, there’s been a miscommunication… there is nothing wrong with your bags – I left the desk to go to the bathroom and came back to this mess, I’m so, so sorry’,” Clare recalls.

“Honestly, I was hoping there was something in my suitcase so this drama wasn’t for nothing.”

‘Absolute s*** show’

Furious, Clare says she started to “raise her voice” because she was “upset and emotional” over the debacle.

“I got very angry and started to vent to her about how ridiculous this is and how it was an absolute s*** show,” she says.

“But then I started apologizing to the staff member because I knew it wasn’t her fault.

“After all that, I took a moment to breathe and said, ‘Ok, well, it is what it is, what’s the plan now? Can I get on the next flight?’ She said, ‘There’s no more flights to Perth until tomorrow’.

“I then told her that I needed to be on a flight back to Perth today and that I’d sit and wait for a flight – and that’s what I did.”

Clare was offered a free Qantas flight on the same day – but had to wait seven hours. Credit: Clare Vertannes

After waiting for an hour, Clare was offered a free Qantas flight to Perth on the same day – but she needed to wait seven hours.

“Qantas had a spare seat and they had secured it for me. No upgrades or compensation – just the seat,” she says.

During the wait, she tried to leave her suitcase at the airport so she could return to the city – but was told she needed to pay an extra $50 for storage.

“When they were asking me to pay to put my luggage somewhere after the whole order, I was over it,” she says.

“I decided to lug my suitcase back to the city. I ended up catching a cab because the trains weren’t working.”

‘I was shook’

In a shock turn of events, Clare received an email from Jetstar saying she was charged $10 for a pie under her seat number – despite her having been kicked off the flight.

“I remember sitting in my (Qantas) seat, thinking what else could possibly happen? And then I get an email from Jetstar. It goes: ‘Thank you so much for your pie purchase on your recent Jetstar flight’,” she says.

“I was shook… Someone on my flight had charged a foot to my seat and I got that invoice.

“Honestly, I was just in disbelief. I was thinking, ‘Is this real? Are they having me for a laugh?’ I was done at this point.”

Jetstar offered a refund and voucher, left, but charged $10 for a pie to her seat – despite having been kicked off the flight. Credit: Clare Vertannes

After the mishap, Jetstar offered her a $116.22 cash refund and a $350.78 voucher.

However, Clare is demanding a full cash refund of $467 and a $50 reimbursement for the taxi fare into the city.

“They didn’t give me the compensation I asked for, but they sent me a voucher to ‘compensate’ for the flight I was kicked off,” she says.

“I don’t know why they bothered giving me a voucher – it’s not like I will be flying with them again.”

Jetstar responds

In a letter to Clare, a Jetstar employee explained why the airline was unable to offer her a “monetary refund”.

“I hope you’d appreciate that we can only return something to you in its original form,” the letter read.

“Since you have paid for this booking using a voucher and a credit card payment, we can only process a voucher equivalent to the amount paid via voucher and a cash refund equivalent to the amount paid via credit card.

“We are unable to process a cash refund for a booking which wasn’t paid in cash in the first place.”

Clare demanded a full cash refund – but Jetstar has since declined. Credit: Clare Vertannes

The letter added: “We have assessed your claim in line with all relevant laws and conventions and I appreciate how unhappy you are with this outcome.

“However, we’re comfortable that we’ve met our obligations under applicable law by providing this outcome to you.

“We will respect your opinion and decision on this matter however our position remains the same.”

A Jetstar spokesman told 7NEWS.com.au: “We sincerely apologize for any misunderstanding and are looking into what took place.”

Four months on from the flight drama, Clare is speaking out about the ordeal on TikTok.

“Now that I’ve overcome my PTSD, I can finally share to you all the trauma that Jetstar gave me,” she said in a now-viral video with more than 700,000 views.

She adds: “I’m glad I shared my experience though because everyone is starting to share their horror stories too and hopefully something will change on how budget airlines treat their customers.”

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Everyday essentials a hit with homes as online retail giant ups ante on delivery

The local boss of e-commerce giant Amazon says Australian consumers are flocking to the site to sign up for subscription deliveries of household staples as the retailer ups the ante on fast delivery in major cities.

Country manager for Amazon Australia Janet Menzies said that despite concerns about slower consumer spending, most product categories saw an uplift in sales during the company’s recent Prime Day sale event – with pantry items, beauty and personal care goods performing strongly.

Amazon Australia's Janet Menzies says shoppers want reliable and speedy delivery now more than ever.

Amazon Australia’s Janet Menzies says shoppers want reliable and speedy delivery now more than ever. Credit:Oscar Coleman

“I think what is most important [at the moment] is value – and we saw on Prime Day that people are willing to spend,” she said.

Grocery and household staples have been a drawcard for customers on the platform, with Menzies highlighting strong demand for the company’s “subscribe and save” feature, which gives users a small discount for scheduling repeat deliveries of things like toilet paper, dog food and soft drinks .

“We have thought a lot about this program and when it is useful — usually, it’s something that is a consumable. And it started off as everyday essentials in the kitchen, but now you can even get ‘subscribe and save’ on [printer] toner,” Menzies said.

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It’s been close to five years since Amazon launched in Australia and while the company’s growth has been gradual, revenues surged throughout the pandemic to hit $1.75 billion in 2021. Its 2022 financials are yet to be filed with the corporate regulator.

Amazon is well-known for its superfast product delivery, with the company pioneering the model of parcels arriving in as little as two hours across the US.

On Wednesday, the company confirmed that years after making its first deliveries, it is now ready to expand free one-day delivery to hundreds of thousands of products in Melbourne and Sydney for customers who sign up to Amazon’s Prime membership program.

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Wall Street hit by weak earnings

Stocks on Wall Street extended their recent run of losses on Tuesday as investors reviewed disappointing earnings reports and looked ahead to the release of an inflation snapshot closely watched by the Federal Reserve.

The S&P 500 fell 0.4 per cent, marking its fourth consecutive drop. The Dow Jones Industrial Average fell 0.2 per cent and the Nasdaq slid 1.2 per cent. The Australian sharemarket is set to open lower with futures at 6.53am AEST pointing to a fall of 40 points or 0.6 per cent. CBA results are out this morning. On Tuesday, the ASX advanced 0.1 per cent to a two-month high.

The benchmark S&P 500 declined for a fourth-straight session.

The benchmark S&P 500 declined for a fourth-straight session.Credit:Bloomberg

Smaller company stocks also gave up ground, sending the Russell 2000 index 1.5 per cent lower.

Technology companies and retailers were the biggest drags on the market, outweighing gains in energy, financials and elsewhere. Bond yields rose broadly.

The selling likely reflects profit-taking by investors ahead of Wednesday’s consumer price index report, said Sameer Samana, senior global market strategist at Wells Fargo Investment Institute.

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The headline figure is expected to show a smaller annual increase in July than in June, according to FactSet. But core inflation, which strips out volatile energy and food costs, leaving rent and other big-ticket purchases, is expected to come in higher than in June.

“With core (inflation) being the more important of the two, the fact that it hasn’t peaked yet and may not peak for a few months to come, given how much momentum we’re seeing in rent increases, in wage increases, that’s going to be the real problem for the Fed,” Samana said. “How to cool that down, especially when the economy is adding as many jobs as it is?”

The S&P 500 fell 17.59 points to 4,122.47. The Dow slipped 58.13 points to close at 32,774.41. The Nasdaq dropped 150.53 points to 12,493.93. The Russell 2000 ended down 28.31 points at 1,912.89.

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McDonalds customer is given a box of onions after ordering chicken nuggets

Bizarre find inside a box of McDonald’s chicken nuggets leaves customer baffled

  • McDonald’s customer who ordered chicken nuggets received raw diced onions
  • Woman posted her bizarre drive-through experience in Canberra to Facebook
  • McDonald’s has apologized for the bizarre mix-up and said it was just a mistake

A McDonald’s customer who ordered six chicken nuggets was baffled when she opened the box to find diced onions.

She posted pictures of the unwelcome surprise on Facebook dumbfounded by her the drive-through experienced.

‘Went to the drive-through tonight,’ she wrote.

‘Ordered six nuggets and got this instead. Bloody onions.’

McDonald’s has apologized for the strange mistake.

A McDonald's customer who ordered six chicken nuggets was baffled when she opened the box find diced onions

A McDonald’s customer who ordered six chicken nuggets was baffled when she opened the box find diced onions

She posted pictures of the unwelcome surprise on Facebook dumbfounded by her the drive-through experienced

She posted pictures of the unwelcome surprise on Facebook dumbfounded by her the drive-through experienced

‘At McDonald’s, we are committed to giving our customers a great experience every time they visit one of our restaurants,’ a McDonald’s spokesperson told Yahoo.

‘Of course, if a customer receives an incorrect order, we will happily replace this for them.

‘We apologize for the inconvenience and encourage the customer to contact our Customer Service team so we can look into it in more detail.’

Oddly this is not the first time onions have taken the place of chicken nuggets this year.

In June Facebook user Billy Allen who lives in the mid-western US state of Indiana posted a picture of a chicken McNuggets Happy Meal box again filled with raw chopped onion.

A commentator said the same thing had happened to his mother.

Perhaps the best ever surprise found in a chicken McNuggets box was an engagement ring placed their by Illinois man Kristian Helton to win his sweetheart's hand in marriage in 2017

Perhaps the best ever surprise found in a chicken McNuggets box was an engagement ring placed their by Illinois man Kristian Helton to win his sweetheart’s hand in marriage in 2017

Commenters pointed out that McNuggets were actually preceded by onion rings.

They were introduced as a vegetarian menu option in the mid-1970s and trialed in some test markets in the US from 1978 until 1979.

They failed to catch on and were replaced by the chicken variety after that.

Perhaps the best surprise ever found in a box of chicken McNuggets was by US woman Karsyn Long in the US state of Illinois after her boyfriend placed an engagement ring in a box of her favorite snack.

Kristian Helton placed an engagement ring among the chicken pieces and wrote ‘Will you McMarry me?’ on the underside of the box in 2017.

Ms Long replied ‘yes’.

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Power companies switch off support for key clean energy proposal

A key reform the federal government says is urgently needed to modernize the electricity grid and boost the take-up of clean energy has been plunged into uncertainty after both major fossil fuel and renewable power companies hit out at the plan.

The Energy Security Board (ESB), the Commonwealth’s policy adviser, is receiving pushback, including from Origin Energy and AGL, over a proposal to direct payments to companies to run generators or store power to back up renewables when the sun isn’t shining and wind isn’t blowing.

Major power companies are questioning ESB's proposal for a payment scheme to encourage more investment in clean power.

Major power companies are questioning ESB’s proposal for a payment scheme to encourage more investment in clean power. Credit:AP

The ESB has proposed that the so-called “capacity mechanism” be technology neutral, allowing plants powered by coal, gas or renewables to receive the payments. This has sparked concerns from some major power companies that incumbent fossil fuel generators would be propped up at the expense of investment in clean energy, or that consumers would pay higher bills than necessary.

It recently published industry feedback on the proposal, ahead of a meeting with state energy ministers on Friday at which the federal government will seek to speed up the creation of a capacity mechanism.

“Importantly, the capacity mechanism should not be viewed as a means of staving off coal closures, but work alongside a credible framework to help facilitate and manage orderly exits,” coal plant owner Origin said in its submission to the ESB’s capacity mechanism.

Another coal plant owner, AGL, said it was “particularly concerned at the potential for the proposed design to result in excessive costs for energy customers” and to dampen incentives for clean energy investment.

The ESB’s proposal is also opposed by clean energy companies, whose investment will be needed to deliver on the $300 billion required over the coming decade to expand the grid and link it to distant wind and solar farms as they replace coal plants.

However, some experts, including Grattan Institute energy director Tony Wood and former ESB chair Kerry Schott, are backing the ESB’s proposal, arguing the design can be shaped by energy ministers to prioritize clean power over coal.

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CBA increases profit to $9.7 billion, says most customers can cope with rising interest rates

The Commonwealth Bank has announced a 9 per cent increase in profits, despite a fall in its margins.

The bank made a net profit of $9.7 billion over the 2021-22 financial year and its preferred measure of cash profit, which excludes a range of one-offs, rose 11 per cent to $9.6 billion.

The increase in profits came despite a steep fall in net interest margin (NIM) — the gap between the rate the bank pays to borrow money and the rate it lends it out at and its main source of profits.

NIM fell 0.18 percentage points to 1.9 per cent, driven by lower home loan margins in an ultra-low interest rate environment.

Analysts expect the NIM to grow as the recent jump in interest rates is passed on in full to mortgage borrowers but only in part to savers.

The bank made up for falling profit margins on its loans by growing home lending by 7.4 per cent and business lending by 13.6 per cent, although its growth in home lending was slightly below its competitors.

CBA has expressed confidence that its customers will be able to keep up their repayments in the face of rapidly rising interest rates.

It said two-thirds of its customers had direct debits above their minimum required repayments at the current level of interest rates, although this would drop to a quarter if the cash rate rose to CBA’s forecast peak of 2.6 per cent.

The bank also noted that more than a third of its mortgage customers were at least two years ahead in their repayments, with around half at least three months ahead

However, 22 per cent are only paying just on time, while a further 15 per cent are less than one month ahead.

CBA’s economists are tipping home prices to fall at least 15 per cent from peak to trough, largely because rising interest rates are reducing borrowing capacity.

Most households can only borrow about the same amount or less than they could in 2016, while property investors have seen their borrowing capacity cut.

Commonwealth Bank shareholders will receive a final dividend of $2.10 per share, taking the full-year payout from the bank to $3.85.

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Commonwealth Bank (CBA) profits rise by 11 per cent to $9.6 billion

The Commonwealth Bank has notched up a $9.6 billion profit and will lift its dividend, after the banking giant’s bottom line benefited from solid loan growth and cuts to its bad debt charges.

As CBA delivered its full-year results on Wednesday, chief executive Matt Comyn said households were in a strong position in a challenging economy, but the bank expected a softening in consumer spending amid rising costs of living.

CBA will pay a final dividend of $2.10 a share.

CBA will pay a final dividend of $2.10 a share.Credit:James Alcock

“Against many measures, Australian households and businesses are in a strong position given low unemployment, low underemployment, and strong non-mining investment. However inflation is high, and we have seen a rapid increase in the cash rate which is negatively impacting consumer confidence,” Comyn said.

“We expect consumer demand to moderate as cost of living pressures increase. It is a challenging time, but we remain optimistic that a path can be found to navigate through these economic conditions.”

In what Comyn said was a “strong” result for shareholders, CBA’s cash profits rose 11 per cent to $9.6 billion. The improvement in its bottom line was helped volume growth in its core businesses, lower costs, and a $357 million loan impairment benefit.

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CBA is increasing its final dividend by 10 per cent to $2.10 a share, and the payment will be fully-franked and paid on September 29.

The consensus forecast among analysts had been for cash earnings of $9.24 billion, according to Citi, and a final dividend of $2.09.

CBA’s result comes as investors are focused on how banks are being affected by rising interest rates, which have sparked fears of bad debts, and alongside a slowdown in the property market, which is a critical influence on banks’ loan growth.

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5 things to watch on the ASX 200 on Wednesday 10 August 2022

Business woman watching stocks and trends while thinking

Image Source: Getty Images

On Tuesday, the S&P/ASX 200 Index (ASX: XJO) had a volatile day but eventually closed it with a small gain. The benchmark index rose 0.1% to 7,029.8 points.

Will the market be able to build on this on Wednesday? Here are five things to watch:

ASX 200 expected to tumble

The Australian share market looks set to have a difficult day on Wednesday following a poor night of trade in the United States. According to the latest SPI futures, the ASX 200 is expected to open the day 40 points or 0.6% lower this morning. On Wall Street, the Dow Jones fell 0.2%, the S&P 500 dropped 0.4%, and the Nasdaq sank 1%.

Oil prices soften

Energy producers such as Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a poor day after oil prices softened overnight. According to Bloomberg, the WTI crude oil price is down 0.2% to US$90.52 a barrel and the Brent crude oil price has fallen 0.35% to US$96.30 a barrel. This was driven by optimism that Iran may increase its crude exports.

CBA results

the Commonwealth Bank of Australia (ASX: CBA) share price will be one to watch this morning when the banking giant releases its full-year results. According to a note out of Goldman Sachs, following the bank’s update on one-offs earlier this week, its analysts are now forecasting cash earnings of $9,509 million for FY 2022. This will be a 9.9% increase on the prior corresponding period. The broker expects this to underpin a full year fully franked dividend of 380 cents per share.

Gold price rises

gold miners Evolution Mining Ltd. (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) could have a decent day after the gold price traded higher overnight. According to CNBC, the spot gold price is up 0.3% to US$1,810.90 an ounce. Traders were buying gold after the US dollar softened.

Computershare results and guidance

the Computershare Limited (ASX: CPU) share price could be on the move on Wednesday after the stock transfer company released its full year results following yesterday’s close. For the 12 months ended June 30, Computershare reported a 12.2% increase in management revenue to $2.6 billion and a 10.6% lift in management earnings per share (EPS) to 58.03 cents. Looking ahead, the company is guiding massive management EPS growth of 55% in FY 2023.

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Thousands of businesses impacted by Tyro EFTPOS outage urged to register to class action

Christine Hera-Singh found it difficult to keep her bakery along the Great Ocean Road afloat during Covid-19 lockdowns and border closures.

The mum-of-one had pinned her hopes on the Christmas rush in late 2020 and early 2021 and for a while, her South Australian-based business, Meningie Bakery, was flourishing.

But then in January last year, the bakery’s credit card terminals stopped working for two weeks straight.

“It hit dead around the Christmas break, we had customers walking out, they didn’t have cash, it was an absolute nightmare,” Ms Hera-Singh told news.com.au.

It turned out the company that she rented her EFTPOS machines from, Tyro, had experienced a national outage that lasted for a fortnight.

Overall, Ms Hera-Singh estimates she lost $60,000 from the two week outage.

Across the country, at least 11,000 companies were impacted — the majority of them small businesses like hers.

Now, 18 months since the malfunction, outraged merchants have fought back by launching a class action against Tyro.

According to a notice from the Federal Court, affected business owners now have three months to register their case if they hope to receive compensation in the event they win the lawsuit. The registrations opened last week at www.tyroclassaction.com.au and close on October 30.

Ms Hera-Singh said: “We were losing heaps of customers. We were left in this huge dilemma.

“I’m a small business owner, it’s hard.”

The baker explained how the Covid-19 outbreak meant that society had gone largely cashless, making it even harder to survive during those two weeks.

By way of compensation, she said Tyro waived the rent on her machines for a month — which wasn’t nearly enough.

Her terminals stopped working on January 7 and only came back online by January 21, a whole 14 days later.

Across Australia, outages were first reported from January 5 due to a glitch in the coding and it took until late that month for all machines to operate normally again.

In a statement to news.com.au, Tyro did not acknowledge the class action law suit but said it had introduced a compensation program to make up for the financial losses.

“Following the terminal connectivity incident experienced in January 2021, Tyro has conducted a remediation program whereby all impacted merchants have been contacted directly by Tyro and given the opportunity to claim any financial losses caused by the connectivity incident,” a spokesperson said.

Bannister Law started the class action in October last year and Court House Capital is funding the case.

According to Bannister Law, most affected businesses lost between $5,00 to $40,000 from the outage, but there were several outliers like Ms Hera-Singh’s bakery. Some businesses that had multiple machines lost as much as $100,000.

Charles Bannister, Principal at Bannister Law, told news.com.au should businesses fail to register in the next three months, they wouldn’t be entitled to any compensation if his firm won the court case.

“The outage occurred during a crucial period, being a time when everyone had come out of lockdowns and there was a general reluctance to accept cash,” he told news.com.au.

“That merchants were unable to use their EFTPOS machines for days or weeks was, for many merchants, catastrophic.

“There are approximately 11,000 businesses affected by this outage. If they do not register, they will not be entitled to receive a share of the proceeds of any funds received should the proceedings settle, subject to Court approval.”

Last week, a whopping 11,000 letters were sent out to the impacted business owners inviting them to register.

Another impacted business was Highett RSL, in Melbourne’s southeast, which estimated it lost around $10,000.

Gavin Williams, the pub’s general manager, said the timing couldn’t have been worse as Melbourne had just come out of their four month lockdown in the winter of 2020 and they needed to recoup their losses.

“There were obviously lockdowns and all that in Melbourne that was going on,” he told news.com.au.

“People wanted to use credit cards and EFTPOS cards, [but by then] all our signage was to use your cards.”

Before Covid he estimates that half of his customers used cash while the other half used cards but the pandemic changed that. Around 70 per cent of customers now use cards, making it harder for people to buy drinks when credit card machines were down.

I paid $49 per month for an EFTPOS terminal and this fee was waived for the month of January.

To date, that is the only compensation the business has received, he said.

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What is behind BHP’s play on OZ Minerals?

When the world's largest mining company makes an $8.4 billion bid for another major miner, it's bound to raise a few questions across the industry.

When the world’s largest mining company makes an $8.4 billion bid for another major miner, it’s bound to raise a few questions across the industry.

When BHP made its recent takeover offer for OZ Minerals – an offer that was swiftly rejected – many considered it a further sign the mining giant is pushing to secure more ‘future-facing’ raw materials.

“The deal would fast-track BHP’s desire to get more exposure to the metals needed for decarbonisation and electrification, specifically copper and nickel, after a whirlwind four years under chairman Ken MacKenzie that has seen BHP exit the vast majority of its oil, gas and coal assets,” resource reporters wrote in the Australian Financial Review.

OZ Minerals deemed BHP’s $25-per-share offer insufficient given its strong portfolio of minerals that will prove increasingly important into the future.

“We are mining minerals that are in strong demand for global electrification and decarbonisation … and we have a long-life resource and reserve base,” OZ Minerals chief executive Andrew Cole told investors in a statement rejecting the offer.

“We do not consider the proposal from BHP sufficiently recognizes these attributes.”

The miner also highlighted the quality of its growth projects, its “market-leading” plan for decarbonisation and the strong long-term outlook for copper markets as the global electrification movement heats up.

Some have also speculated that BHP’s attempted takeover of OZ Minerals is directly related to the Olympic Dam operation in South Australia, which BHP has long desired to turn into a Tier 1 asset.

OZ Minerals’ Prominent Hill and Carrapateena copper mines in SA’s Gawler Craton sit on either side of Olympic Dam, and it is believed BHP see value in operating all three “by combining adjacent assets and sharing infrastructure to unlock extra capacity”.

“While the bid for OZ Minerals is partly motivated by a desire to get more nickel into BHP’s Western Australian smelters and refineries, it is mostly about finally solving the puzzle at Olympic Dam,” according to the Australian Financial Review.

Regardless of the motivations behind the takeover bid, many believe BHP’s desire for OZ Minerals remains strong and a potential deal continues to be a real possibility.

According to a note from Bell Potter, an Australian stockbroking and financial advisory firm, an improved offer could soon be made.

“In our view this puts OZL (OZ Minerals) completely in play and, with an open register dominated by non-strategic institutional investors, we believe the chances of completion of the acquisition of OZL are high,” Bell Potter said in its note.

“We also believe this will be seen as an initial offer from BHP and that institutions will want to be compensated for the lack of large-cap investable copper producer options on the ASX.

“In the first instance, we expect a higher cash bid from BHP as the deal makes strategic sense and offers production growth in a secure jurisdiction. We also believe the scarcity of comparable assets in comparable jurisdictions makes the chances of a competing counter-offer reasonable.”

It appears BHP’s efforts to obtain OZ Minerals may be far from over.