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Good morning,

New Rio Tinto boss Simon Trott's first matters for his attention will be the company's challenges such as his predecessor’s big bet on lithium, its troubled Mongolian copper operations and the need to open new iron mines in WA.

Meanwhile, struggling fashion house Country Road Group has more than 50 empty roles at its Melbourne HQ, as tough times in fashion forces redundancies and store closures.

And industry experts have rung the scam alert alarm bells for the 5.7 million Qantas customers caught up by the hack of the airline's database, saying there is a strong likelihood they will now be targeted.


Vesna Poljak
Business editor
The markets


Making news this morning
1
Safety authority ATSB kept in dark on FMG Nicola emergency rescue
The Australian Transport Safety Bureau says it wasn’t given all the details on the FMG Nicola emergency at Port Hedland and has launched its own investigation.
2
Dead in the water: Spanish energy giant pulls plug on Vic wind project
The demise of one of Victoria’s most advanced offshore wind projects will raise concerns about the viability of the state’s plan to replace coal power.
3
Weak consumer confidence shows rate cuts still badly needed
Even with unemployment near historical lows, Australian households are crying out for interest rate relief as economic growth stalls and confidence is stuck in pessimistic territory.
Editor's picks
EXCLUSIVE
KPMG whistleblower in legal fight to scrap big four protections
Brendan Lyon is lawyered up. The KPMG partner turned whistleblower has just launched legal action to try to scrap liability protections enjoyed by big four schemes under laws he describes as outdated.
By TANSY HARCOURT
MARGIN CALL
From salt mines to J-Lo’s table, the rise and rise of Rio’s new boss
Don’t ever let anyone tell you mining isn’t a glamorous pursuit. After all, what other job can take you from salt mines to diamonds and a seat at a Hollywood A-lister’s table?
By NICK EVANS
Commentary
Rio Tinto bets on mining clarity over bold strategy
By ERIC JOHNSTON
Associate Editor
The global miner has a full slate ahead of it and it needs a chief executive who has a record of delivery.
DataRoom
India’s JSW close to a stake in Coronado’s flagship coal mine
Indian multinational steel manufacturer JSW Steel is believed to be close to buying a stake in Coronado Global Resources’ Queensland mine.
Souter considers sale of NZ ferries operator
New Zealand ferries company Fullers360 has tapped Cameron Partners as its British owner considers a sale of the tourism and transport business across the Tasman.
Investors predict private buyout bid for Hansen Tech
Software-to-industry supplier Hansen Technologies could be the next business to disappear from ASX listing.

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