Daily Roundup

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Steadfast Group Investigates Employee Conduct, Potential Impact on Financials

Steadfast Group Ltd, a leading insurance broking and underwriting firm in Australia and New Zealand, has announced an internal investigation into employee conduct. The investigation is price-sensitive and may impact the company's financial results. Steadfast is committed to maintaining high standards of corporate governance and is working to address the issue. The company will provide further updates as the investigation progresses.

NTAW Holdings Appoints New CEO as Part of Planned Succession

NTAW Holdings Ltd, Australia's largest independent tyre and wheel importer, has announced the appointment of Warwick Hay as its new Chief Executive Officer, effective January 1, 2025. This is part of a strategic succession plan set by the Board, with outgoing CEO Peter Ludemann to remain as an Executive Director. Hay brings extensive executive experience, including a successful tenure as CEO of IVE Group, and is well-positioned to lead NTAW through its next phase of consolidation and growth.

Resolute Mining CEO to Take Leave, Management Changes Announced

Resolute Mining has announced that CEO Terry Holohan will be taking a leave of absence from December 13, 2024, until January 31, 2025, to spend time with his family. During this period, Chris Eger will become the acting CEO, and Dave Jackson will become the acting Chief Financial Officer. Additionally, Resolute will make the final settlement payment of approximately US$30 million to the Malian government in December 2024.

Chorus Fibre Pricing Decision Sets Revenue Range for 2025-2028

The Commerce Commission has released its final decision on the price-quality path for Chorus' second regulatory period for fibre (2025-2028). The decision sets an allowable revenue range of $957 million to $1,080 million (nominal) per year, including pass-through costs and wash-ups. Key elements of the decision include the use of tilted annuity depreciation, drawing down the PQP1 wash-up balance, and smoothing the revenue profile.

Antipa Identifies Second Large Gold Target Near Telfer, Paterson Project Confirms Copper, Nickel, and Cobalt

Antipa Minerals has announced the identification of a second large surface geochemical gold and pathfinder anomaly, the Jezabeel anomaly, located just 4km northeast of Greatland Gold's Telfer gold-copper-silver mine. Additionally, the Paterson IGO Farm-in Project has confirmed the presence of copper, nickel, and cobalt mineralisation. The FY2025 exploration programmes at both the Wilki and Paterson projects will be fully funded by Newmont and IGO, respectively.