Canva co-founder pledges to give away half of his $7b fortune
Canva co-founder Cameron Adams and wife Lisa Miller have signed on to Bill Gates, Melinda Gates and Warren Buffett's The Giving Pledge, committing to donate at least half their $7 billion fortune to charity over their lifetime.
Adams and Miller (a zoologist who has also formerly worked at Canva) have also signed up for the London-based not-for-profit, Founder's Pledge, committing to give away 25 per cent of their wealth at points of 'liquidation' over the next five years.
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Perth Now
an hour ago
- Perth Now
Local FIFO airline caught up in safety probe
Workers at Mid West copper and gold mines are being flown on a plane that is currently the subject of a probe by the national transport safety investigator. The Australian Transport Safety Bureau is looking into why one of Shine Aviation's propeller-powered aircraft — registration code VH-PGO — almost had a disastrous landing at Meekatharra Airport on June 5. 'During the approach, the pilot received multiple fuel flow warnings on the number two engine followed by associated engine surging and aircraft yaw,' The ATSB stated. Yaw is the left-to-right movement of a plane's nose. 'The pilot conducted initial actions and secured the engine. The post-flight inspection revealed the engine had lost power due to fuel starvation,' according to the ATSB. 'Engineers replaced an O-ring on the right inboard fuel cap as a precaution.' VH-PGO Credit: Shine Aviation Flight data shows the 10-seater plane was back in the air about five hours after the incident, but it is unclear if any passengers were on board. The plane has since made multiple trips from Shine's Geraldton base to the Golden Grove and Mt Magnet landing strips. The Golden Grove copper mine is run by 29Metals and Ramelius Resources operates the Mt Magnet gold mine. Ramelius declined to comment, while 29Metals and Shine did not respond to requests for comment. Shine, which is owned by Geraldton local John Gooch, will likely have to wait until the final quarter of this year to find out the results of the ATSB's investigation. Shine's close call is the first mechanical mishap in 2025 involving a small airline running charter flights to mines in WA's outback. This follows a spate of safety incidents last year on planes operated by Perth-based Skippers Aviation. On August 12, an aircraft was flying from IGO's Forrestania nickel operation in the western Goldfields when its brakes failed after touching down at Perth Airport. The runaway plane collided with a hangar resulting in 'minor damage'. Just three days later, a Skippers flight from Perth to Northern Star Resources' Bronzewing gold mine had to turn back not long after take-off and make an emergency landing as smoke engulfed the aircraft's interior. The ATSB found the 'serious' incident was caused by a mechanical failure compounded by a series of flight crew mistakes. Then on October 2, another Skippers plane travelling from Perth to Bronzewing was forced to descend rapidly after suddenly losing cabin pressure. Flight data showed the Dash 8 twin engine turboprop aircraft had to reduce its altitude at a rate of more than 5200 feet per minute, way beyond the typical maximum rate of 2500ft per minute when flying the same plane on the same route. Adding to the string of safety breaches, a Skippers crew member was convicted for vaping during a flight on the Perth to Forrestania route during the year. Skippers trimmed its fleet down from 27 in 2022 to 20 by the latter half of 2024, but a spokesman denied its cost-cutting crusade was jeopardising safety. The airline is owned by the Quinlivan family and led by Stan Quinlivan. Mr Quinlivan's investment portfolio includes the Ocean Beach Hotel and a troop of race horses.
The Australian
3 hours ago
- The Australian
Military metals rise on rage of war
Metals used in munitions and military technology are in the spotlight as war rages in the Middle East and Ukraine Tungsten, tin, antimony, rare earths and beryllium among the key commodities to follow These ASX stocks are moving to stake out a position in critical minerals markets The rise of fresh tensions in the Middle East has put the spotlight on the minerals needed for military operations. The wars in Ukraine and Gaza continue to rage, and even escalate, while the outbreak of hostilities between Israel and Iran is leading to fears of a much larger regional, or even global, conflict. While the first few days of the conflict have boosted the price of oil, it's also a sad fact that military operations are metals intensive. Even without an additional conflict, US President Donald Trump's 'Big Beautiful Bill' will see the country's defence spending hit US$1 trillion next year for the first time. In a recent presentation in Toronto, Hallgarten + Company analyst Christopher Ecclestone noted that most of the combatants in World War I and, to a lesser extent, World War II, had all the metals and minerals they needed domestically – which is not the case today. He also pointed out that war materials are exceedingly high-tech, both in composition and metal inputs, adding that rare earths 'weren't a thing' in WWII. While loads of different metals, including aluminium and titanium, are needed for defence applications, Ecclestone listed the 'headline' military metals as tungsten, antimony, rare earths, tin and beryllium. While there aren't any options on the ASX for beryllium, we have a look at some of the juniors with near-term production potential in the other four metals. Tungsten Vancouver-based investment firm Mission Critical Metals, of which Ecclestone is also CEO, describes tungsten as the key military metal, due to its use in making bulletproof vehicles, armoured tanks, armour-piercing rounds, high-speed cutting tools, and rocket and aircraft parts. Mission says that given the turnaround in the tungsten price is relatively recent, the space is yet to attract many new players. Outside of the ASX's two listed tungsten producers, Almonty Industries (ASX:AII) and EQ Resources (ASX:EQR), there are a couple of other hopefuls. Tungsten Mining (ASX:TGN) is considering an early production pathway for its Hatches Creek project in the Northern Territory. Last month, the company reported a maiden inferred resource of 12 million tonnes at 0.17% tungsten trioxide, which will feed into a scoping study. Preliminary metallurgical studies have successfully produced a tungsten concentrate grading at 50% tungsten trioxide. Meanwhile, Rumble Resources (ASX:RTR) discovered a tungsten sweetener at its Western Queen gold project in Western Australia last year. High-grade tungsten mineralisation remains open in all directions with a maiden resource to be reported in the September quarter. The company will then complete metallurgical testwork to determine the quantum of the tungsten revenue stream and incorporate it into the Western Queen South mining schedule. Antimony Antimony is used in military applications including fighter jets, military primers, night vision goggles, lasers, military detonators and military smoke agents. There's been an explosion of ASX companies seeking exposure to antimony due to a price surge driven by shortages. Larvotto Resources (ASX:LRV) is one of the more advanced companies globally, with its Hillgrove project in New South Wales due to start production next year. Nearby, Trigg Minerals' (ASX:TMG) Achilles project contains the Wild Cattle Creek deposit, with a resource of 1.52Mt at 1.97% antimony containing 29,902 tonnes of antimony, which the company says makes it Australia's highest grade primary antimony resource. Trigg also recently boosted it antimony portfolio with the addition of the Antimony Canyon project in Utah, which has a non-JORC resource of 12.7Mt at 0.79% antimony for 100,300t of contained antimony. Felix Gold (ASX:FXG) could be in production the soonest from its Treasure Island project in Alaska. The company is working towards small-scale antimony production by the end of this year from the Scrafford deposit, which previously produced up to 58% antimony. Also in Alaska, Nova Minerals (ASX:NVA) has applied to the US Department of Defense (DoD) for funding to potentially fast track antimony production from its Stibium deposit. Resolution Minerals (ASX:RML) is a newer entrant to the antimony space, last week securing the Horse Heaven project in Idaho to complement assets in NSW. On Wednesday, Resolution appointed Washington DC-based Clewett Global Services as external affairs advisers as it considers applying for DoD funding. Larvotto and Trigg have also reported tungsten resources, while Resolution's new project also has tungsten potential. Rare Earths Rare earths are essential to the defence sector, making the development of new supply chains a matter of national security for countries including the US. Neodymium and praseodymium permanent magnets are used in F-35 fighter jets and unmanned aerial vehicles, while lanthanum is used in night vision goggles and terbium is used in naval sonar systems. Shares in Dateline Resources (ASX:DTR) have exploded recently after Trump tweeted his support for the Colosseum rare earths project in California. Last week, Dateline confirmed further public support from members of the Trump Administration, including Secretary of the Interior Doug Burgum. Locksley Resources (ASX:LKY) is a more recent entrant to the space, but its Mojave project in California sits right next to the US' only operating rare earths mine, MP Materials' Mountain Pass, and is also prospective for antimony. This week, Locksley Resources launched strategic collaboration initiatives, targeting engagement with US agencies, national laboratories, US universities and downstream technology partners. In Australia, Victory Metals (ASX:VTM) recently received a letter of interest from the Export-Import Bank of the United States for up to US$190 million in project financing for the development of the North Stanmore heavy rare earths project in WA. The project is set to produce both heavy and light rare earths, as well as gallium and scandium as by-products. VHM (ASX:VHM) is targeting rare earths and mineral sands production from its Goschen project in Victoria in late 2026 after receiving a mining license for the project recently. The company is working towards a final investment decision in the December half. Tin According to the DoD, tin is used in many defence applications, such as soldering to enable electrical connections in semiconductors, high-end capacitors, and other electronic components in nearly all military hardware. There's not a lot of tin exposure on the ASX outside of long-time producer Metals X (ASX:MLX). Metals X-backed Elementos (ASX:ELT) could be next in line after releasing a definitive feasibility study for its Oropesa project in Spain in April. The company is now working on permitting and financing ahead of a making a final investment decision. Stellar Resources (ASX:SRZ) says its Heemskirk tin project in Tasmania has the potential to be a global top 10 producer. A prefeasibility study is due in the second half of this year, with the company expected to move straight into a DFS. Sky Metals (ASX:SKY) holds the advanced Tallebung project in NSW, a historical tin producer. The company is advancing a bulk sample metallurgical program to optimise the process flowsheet and produce marketable tin concentrates ahead of offtake marketing. Earlier stage explorers include Brazilian focused Australian Mines (ASX:AUZ) and Perpetual Resources (ASX:PEC), who are trying to find new deposit in a waning tin power which almost 40 years ago supplied 22% of the world's primary tin. At Stockhead, we tell it like it is. While Victory Metals, Locksley Resources, Resolution Minerals, Tungsten Mining, Australian Mines and Perpetual Resources are Stockhead advertisers, they did not sponsor this article.
Mercury
14 hours ago
- Mercury
Barron Trump may have made millions from family's lucrative crypto firm: report
Don't miss out on the headlines from World. Followed categories will be added to My News. Barron Trump, the youngest son of the 47th President, may have raked in millions of dollars from the sale of crypto tokens linked to the family's lucrative venture into digital tokens, according to a report. The 19-year-old New York University student could have picked up a cool $40 million (AU$61 million) — $25 million (AU$38 million) after taxes — from the sale of digital assets by World Liberty Financial, the Trump family firm launched nine months ago after Barron persuaded his dad about the benefits of crypto, Forbes reported. 'Barron knows so much about this,' commander-in-chief said during an interview in September after the launch. 'Barron's a young guy, but he knows it — he talks about his wallet. He's got four wallets or something, and I'm saying, 'What is a wallet?'' Barron Trump may have raked in millions. Picture: ANGELA WEISS / AFP. World Liberty has been a financial bonanza for the family. In March, World Liberty announced that it had sold $550 million (AU$850 million) worth of tokens. An Office of Government Ethics filing released by President Trump last week declared he had made $57 million (AU$88 million) from token sales. It also said that the real estate mogul held a 75 per cent stake in his umbrella company, DT Marks Defi LLC, with unnamed 'third parties' holding the other 25 per cent. Barron Trump is listed as a 'co-founder' of World Liberty Financial alongside the president, as well as Eric and Donald Trump Jr, the president's two eldest sons. Forbes, which provided no direct evidence for its claims of Barron Trump's massive digital windfall, suggested that he owned a 7.5 per cent stake in the Delaware-based umbrella firm. The stake would mirror what the NYU freshman holds in the Trump Organization's Washington, DC hotel, Forbes said. The 19-year-old New York University student could have picked up a cool US$40 million. Picture: Jim WATSON / AFP. Barron Trump's name does not appear in the company's solitary SEC filing from October 30 last year. Also listed as business partners in the venture are Middle East envoy Steve Witkoff and his son, Zachary. An analysis by Bloomberg, the financial news outlet, estimates the president's net worth has doubled since the start of his 2024 campaign, standing at just over US$5.4 billion This article originally appeared on the New York Post and has been republished with permission Originally published as Barron Trump may have made millions from family's lucrative crypto firm: report
