Foreign takeover bid for small resources company that owns Ammaroo Phosphate Project
Verdant Minerals, the small resources company that owns one of Australia's largest deposits of phosphate, is looking to finalise a $40.5 million takeover bid by a foreign-owned private equity group.
The company owns the Ammaroo Phosphate project near Tennant Creek and said the offer by the London-based CD Capital Natural Resources Fund (CD Capital) will increase the chances of its Ammaroo project becoming a reality.
The takeover announcement on Monday saw Verdant's share price double, before settling at 3 cents a share.
Violent threats against Hobart cable car project referred to police
A company proposing a cable car project in Hobart's kunanyi/Mt Wellington said they have referred online threats to sabotage work sites and endanger workers to Tasmanian Police.
A spokesman for the Mount Wellington Cableway Company said the threats against the company, workers and suppliers are unacceptable and cautions protesters not to put anyone's personal safety at risk.
Extreme water restrictions for the Southern Downs
Extreme water restrictions have been implemented by the Southern Downs Regional Council as the drought continues to impact the region’s water supplies.
All residents will be required to limit their overall water consumption to 120L per person per day as capacity of the region’s 3 dams ranges from 7.2 per cent to 45.2 per cent.
UQ’s Indian Feast Underpaid Staff
An investigation by the University of Queensland’s student newspaper Semper Floreat has revealed that the food outlet Indian Feast at the university’s St Lucia campus has been underpaying their employees, and the university was aware of this.
A payslip envelope revealed to Semper by a former employee suggested that employees receive at least a part of their wages through cash payments and that hourly rates could be as little as $10 per hour.
UQ’s Indian Feast Underpaid Staff
[Image Source: SemperFloreat*]
Bullies: いじめっ子
- Hip-hop at the moment is just plain weird. Since trampling rock music a few years back, the genre has become an unstoppable boulder of cultural relevance backed by three decades of momentum. It's a level of saturation near impossible to comprehend, where just keeping up with trends can feel like a spectator sport. Similarly electric is the idea that stars can come from anywhere.
Stephen Malkmus: Groove Denied
- Stephen Malkmus is a name synonymous with jangly guitars and laconic, off-beat lyrics. Despite accruing a venerable career and a die-hard fan base off these traits, Malkmus offers much variation on his latest offering, Groove Denied. Although the man extricated himself from his former band before the turn of the century, his name is still contiguous to Pavement — one of the most revered indie-rock bands of the nineties.
11AM ZEDLINES
Good Morning this is Maddie and Jack with your 11am Zedlines
One million kangaroos dead after pet food trial
There are fears for kangaroos in Victoria after a Government report revealed malpractice linked to the Government’s Kangaroo Pet Food Trial.
The trial began in March 2014, in an effort to control kangaroo numbers but the Department of Environment, Land, Water, and Planning report has found 1 million kangaroos have died since the trial’s inception.
Minister extends rifle range public submission due date
The due date for public submissions over the upgrade of a gun range in Brisbane’s south-east has been extended to the end of April.
Sports Minister Mick de Brenni has been slammed by conservationists and Brisbane City Council over the plans to upgrade the ranges as it involves clearing three hectares of bushland that contains Koalas.