Rare earth spat simmers as China targets Japan’s military

WorkSafe Victoria has charged the operator of Ballarat gold mine and a mining services company after a worker died and another suffered life-threatening injuries in March 2024.

BHP takes ‘same job, same pay’ fight to High Court BHP (ASX: BHP) is escalating its ‘same job, same pay’ case against the Mining and Energy Union to the High Court after the Federal Court dismissed the case in December.In July last year, the Fair Work Commission (FWC) ruled that BHP’s operations services fell under the Federal Government’s Same Job, Same Pay legislation, ensuring labour-hire workers are paid the same wages and conditions as directly employed staff.The law, implemented by the Federal Government in 2024, was designed to address the wage disparity seen across the Australian resources sector, which sees labour hire staff earning substantially less than directly employed workers in identical roles.BHP sought to challenge the ruling — which would affect workers at its Goonyella Riverside, Peak Downs and Saraji coal operations in Queensland — with the Federal Court, but the FWC’s decision was upheld and the case dismissed.Following the dismissal, Mining and Energy Union Queensland President Mitch Hughes said BHP has spent millions on lawyers to avoid paying coal miners fairly.“Today the Court has once again made it clear — time’s up, pay up,” he said.“From Sunday, labour hire mineworkers at BHP’s Queensland mines will finally start earning the pay they deserve — the same as the person working next to them, doing the same job.”This case has the potential to reshape the foundation of the employment landscape across the Australian resources sector — requiring companies across the industry using similar labour hire models to reassess and prepare for potential wage adjustments across the board.Federal Resources Minister Madeleine King says workers that stand alongside one another and do the same job in the same conditions with the same qualifications should be paid the same.“The FWC decision demonstrates that the legislation ensures fairness in workplaces right across the country,” she said.The wage increase may improve the financial position of an extensive number of mining families across the state, with a potential ripple effect for local economies.However, many were concerned the ruling would be a catalyst to substantial changes in workforce structure across the resources sector, potentially negatively effecting regional employment.Minerals Council of Australia (MCA) chief executive Tania Constable said the ruling was an incredibly disappointing decision that would directly threaten thousands of specialised contractors who play a vital role in mining operations across the country.“These businesses exist to provide a specialised service, not just workers, and should never have been covered by these laws,” she said.“It is now incumbent on the Government to find a legislative fix to address the ‘unintended consequence’ of all service contractors being captured.”A prominent point of contention between key players is how these changes would impact Australia’s industrial relations framework and international competitiveness.Minister King said the ruling would not undermine the nation’s competitive position in the global coal market.“What this will do is improve morale in the workplace, it is what Australians expect,” she said.

Long gone are the days of sub dollar prices at the bowser.The global oil market is experiencing unprecedented turmoil as the war in the Middle East creates the largest supply disruption in the history of the global oil market, according to the International Energy Agency (IEA).The crisis has led to a near halt in tanker movements through the Strait of Hormuz, a critical oil transit chokepoint between Oman and Iran. As crude and oil product flows plunge from about 20mb/d before the war to a trickle at present, Gulf countries have cut total oil production by at least 10mb/d, according to IEA data.With limited options to bypass the chokepoint, the strain is being felt by producers and consumers worldwide.Benchmark crude oil prices have surged about 40% since the start of the conflict, according to Trading Economics.Damage to Gulf state energy infrastructure is also having a major effect on prices.On March 19, Israel targeted Iranian facilities linked to South Pars, the world’s largest natural gas field.In response, Iran struck a major LNG site in Qatar, causing crude prices to surge 8% overnight with prices nearly hitting US$120 a barrel.In the absence of a rapid resumption of shipping flows and unrestricted refining capacity, the IEA anticipates increasing supply losses.CommBank commodities and sustainable economics head Vivek Dhar says while rising crude prices have captured global attention, refined fuel is the bigger concern for economies.“The product everyone is worried about is diesel, and for good reason,” Mr Dhar said.Diesel is used extensively in trucking, farming and mining in Australia.“The concern is that we roughly have 30 days of stockpiles,” Mr Dhar said.As petrol and diesel prices skyrocket, governments globally are scrambling to stave off panic buying and price gouging as they address fuel shortages.According to the Australian Consumer and Competition Commission (ACCC), petrol and diesel prices varied significantly across Australia but, on average, have increased by about 50 cents since the beginning of March.Yesterday, Prime Minister Anthony Albanese convened a meeting of the national cabinet and established a national fuel supply taskforce to lead the country’s response to the ongoing crisis.“I want to assure Australians at this time that Australia is well prepared… I want us to be overprepared,” Prime Minister Albanese said.Leaders agreed that while Australia is well prepared, the longer the conflict in the Middle East goes on, the more significant the impact will be for global supply chains, fuel prices and the wider economy.The Federal Government has appointed former Australian Energy Regulator chief executive Anthea Harris as the taskforce coordinator to drive collaboration across governments and sectors.As part of Ms Harris’ role, she will provide regular updates on fuel supply outlook and distribution.The Federal Government confirmed there are some shortages in specific areas due to panic buying.“There is not less fuel in Australia today than there was three weeks ago,” prime Minister Albanese said.“There is not less supply. This is an issue… of increased demand.”Since the conflict commenced two weeks ago the Federal Government has released up to 20% of its diesel and fuel reserves to help address regional shortages and temporarily amended national fuel standards to keep more Australian-made fuels onshore.IEA member countries have also agreed to release an unprecedented 400m barrels of oil from their emergency reserves to the market to mitigate the negative impact on economies from the supply disruptions.Though the emergency stock release provides a welcomed buffer for the global energy market, it remains a stop-gap measure if the conflict in the Middle East is not resolved.