Make way for EY's energy transition team amid deal frenzy
EY's bench includes four seasoned dealmakers, all of whom migrated across from PwC last year. There's ex-Rothschild managing director Danny Bessell; young gun David Fair, who started his career at ICA; Belinda Cogswell, whose advisory experience spans government and investment banking; and power and utilities specialist Michael Newman.
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West Australian
2 days ago
- West Australian
‘We are the golden goose': Gold bosses Mark Zeptner and Simon Lawson bask in Diggers glory
After merging their companies in one of the top WA deals of the year amid record prices, gold lads Mark Zeptner and Simon Lawson are emboldened a pro-mining State Government won't kill their golden goose. This time last year the mining CEOs had been trading jibes via investor calls as to whether one had the 'firepower' to acquire the other. Twelve months on and they are sharing the stage at Diggers and Dealers, stepping out future plans for Ramelius Resources and the recently absorbed Spartan Resources under a $2.5 billion cash and share deal. The merger of the acquisitive Murchison mid-tier and an explorer regarded one of the biggest gold exploration success stories of 2024 comes during a startling run in gold prices. That run —which hit a record of $US3500 in April — has yet again seen the yellow metal retain its crown as the top commodity at the annual mining conference in Kalgoorlie, which kicked off on Monday. And with a bolstered market capitalisation of $4.8 billion, ex-Spartan boss Mr Lawson reckons Ramelius has been vaulted into a new category of M&A target. The newly-merged group's project portfolio comprises two anchor processing hubs at Mt Magnet and Edna May, and has now brought the mothballed Dalgaranga mill and Spartan's Never Never deposit into the fold. 'I think maybe the combination has actually made Ramelius combined a bit of target for bigger players,' Mr Lawson jibed. As part of the merger ex-Spartan chief Mr Lawson has taken on roles of non-executive director and deputy chair of the merged group. Pried for more detail on the new gigs, he said he wanted to make clear he was 'not trying to take trying to take Mark's job.' 'What I am trying to do is support Mark in his job. It's a position I have occupied in the past for other captains of industry, and I've got a lot of respect for Mark. And what I want to do is add exploration strategy . . .and help with that aspect.' Strong prices have meant good news for the royalties flowing into WA. Though at current rates, gold miners only pay the State 2.5 per cent of the value of the minerals they sell Much to the relief of the WA gold mining world, a spokesman for Mines Minister David Michael earlier this year hosed down any speculation more royalties could flow back to State coffers. 'Unequivocally no,' he said in February. Asked whether the continued price increases might reignite the discussion, Ramelius boss Mr Zeptner said the State Government understood that 'we are the golden goose, and they don't want to kill it.' 'It's not like the miners get all of the uplift in gold price. The government gets more as the gold price goes up as well so it doesn't mean you have to then raise the royalty rate on top of that.' Mr Lawson added that a recent State Government decision to intervene on charging explorers on miscellaneous mining licences showed it was 'paying attention' to the sector. 'So I don't think they're going to come after the gold royalty argument again, but we'll see.'
The Age
4 days ago
- The Age
Why the Voss call is easier for Carlton than the Goodwin call for Melbourne
They have gun players who've either flirted with the idea of leaving (Charlie Curnow) or made plain their unhappiness and wish to get out (Christian Petracca). In Oliver's case, it was the club that first raised the prospect of trading him, only to baulk when he was ready to join Geelong; it is a non-deal that the Demons should regret. Despite the shared problems and superficially similar situations, there's a clear difference in the nature of the coach calls that Carlton and Melbourne confront. Carlton are in a better position to judge Voss – and to remove him, if that's deemed necessary – even though he's only in his fourth season with the Blues. How so? The Blues have had their new CEO in the building for the entire 2025 season, even though Wright has been the understudy – the dauphin, if you like – to exiting chief executive Brian Cook. Their president, Rob Priestley, assumed the role early this year ahead of schedule following the scandal that saw off his predecessor Luke Sayers. Priestley, the chairman of J.P. Morgan, had been tapped as Sayers' successor for some time, and is more than familiar with the football department's workings and worries. Loading The Demons, conversely, have had only an interim CEO this year, David Chippindall, and the new CEO Paul Guerra won't be installed until next month. The presidency, too, is in transition. Brad Green holds the role now, but is slated to hand over to a former player (and lawyer) from an earlier generation, ex-MCC chairman Steven Smith, later this year. Carlton's shot callers – Wright, in particular – have had a front-row seat to observe Voss during 2025. Further, Wright's had a full season to assess the playing list, list management, high performance and culture. Oh, and a detailed understanding of their salary cap and contracts (another unfortunate parallel – the Blues and Dees have paid a huge amount to stars, and have accordingly tight player payments). Guerra, when he arrives, will be on a steeper learning curve than health ministers during COVID. Unlike Wright, he is not a football expert, and will have to defer to the judgment of others, such as Smith, Green and ex-All Blacks manager Darren Shand, who did the recent review of the Demons' football operations. Carlton have the more stable leadership. Their CEO, board and president have been in place and should know the score. This column is not venturing a view on whether Voss should be sacked. Not now. The point is that the Blues have a better vantage to judge their coach's suitability than Melbourne, despite Goodwin's nine years in the job. It is debatable which of these coaches has encountered more turbulence, if you count matters such as supporter unrest (Goodwin grateful for added security at Marvel Stadium on Saturday), and frenzied media intrusion – Carlton, as the bigger prey, will always draw heavier fire. Goodwin, however, has had more obstacles in his path when factoring in board instability, the questions over player behaviour – dating back to the Entrecote dust-up and peaking around the drug suspension of Joel Smith – and the separate but equally damaging circuses around Petracca and Oliver. Loading Did Goodwin's methods or management contribute to these problems that made his coaching life difficult after 2022? Possibly. But there were also factors outside his domain, which made it harder to have a singular focus on coaching. Goodwin appeared to have done enough mid-season, on the back of a victory at the Gabba, to hold his position next year, as I suggested. Results since, 'have not necessarily been to [his] advantage', to borrow from the Japanese emperor Hirohito's surrender speech. The Demons have gone south. Voss' curse has been injury, both in 2024 and this year. This must be considered when judgment day comes. The Wright call, however, will be predicated on whether the coach has the right stuff for 2026 and beyond. Most crucial to Carlton and Melbourne's self-examinations will be their understanding of their position – ie, if they are undertaking mini-rebuilds or refreshing of their lists (the Demons have put their toe in those waters already), or if either believe they can re-jig, find some mature players from rivals and scale the mountain quickly. The Blues are committed to father-son Harry Dean and to Andrew Walker's gun son Cody, and will regain Jagga Smith, a top-three pick in 2024, over the next two post-seasons. This necessarily gives them signposts for the future. How quickly can those kids come on alongside Curnow, Jacob Weitering and Sam Walsh? Knowing precisely where you're situated in the premiership cycle is paramount. Once you're sorted on that front, the calls on players, coaches and recruiting follow.
Sydney Morning Herald
4 days ago
- Sydney Morning Herald
Why the Voss call is easier for Carlton than the Goodwin call for Melbourne
They have gun players who've either flirted with the idea of leaving (Charlie Curnow) or made plain their unhappiness and wish to get out (Christian Petracca). In Oliver's case, it was the club that first raised the prospect of trading him, only to baulk when he was ready to join Geelong; it is a non-deal that the Demons should regret. Despite the shared problems and superficially similar situations, there's a clear difference in the nature of the coach calls that Carlton and Melbourne confront. Carlton are in a better position to judge Voss – and to remove him, if that's deemed necessary – even though he's only in his fourth season with the Blues. How so? The Blues have had their new CEO in the building for the entire 2025 season, even though Wright has been the understudy – the dauphin, if you like – to exiting chief executive Brian Cook. Their president, Rob Priestley, assumed the role early this year ahead of schedule following the scandal that saw off his predecessor Luke Sayers. Priestley, the chairman of J.P. Morgan, had been tapped as Sayers' successor for some time, and is more than familiar with the football department's workings and worries. Loading The Demons, conversely, have had only an interim CEO this year, David Chippindall, and the new CEO Paul Guerra won't be installed until next month. The presidency, too, is in transition. Brad Green holds the role now, but is slated to hand over to a former player (and lawyer) from an earlier generation, ex-MCC chairman Steven Smith, later this year. Carlton's shot callers – Wright, in particular – have had a front-row seat to observe Voss during 2025. Further, Wright's had a full season to assess the playing list, list management, high performance and culture. Oh, and a detailed understanding of their salary cap and contracts (another unfortunate parallel – the Blues and Dees have paid a huge amount to stars, and have accordingly tight player payments). Guerra, when he arrives, will be on a steeper learning curve than health ministers during COVID. Unlike Wright, he is not a football expert, and will have to defer to the judgment of others, such as Smith, Green and ex-All Blacks manager Darren Shand, who did the recent review of the Demons' football operations. Carlton have the more stable leadership. Their CEO, board and president have been in place and should know the score. This column is not venturing a view on whether Voss should be sacked. Not now. The point is that the Blues have a better vantage to judge their coach's suitability than Melbourne, despite Goodwin's nine years in the job. It is debatable which of these coaches has encountered more turbulence, if you count matters such as supporter unrest (Goodwin grateful for added security at Marvel Stadium on Saturday), and frenzied media intrusion – Carlton, as the bigger prey, will always draw heavier fire. Goodwin, however, has had more obstacles in his path when factoring in board instability, the questions over player behaviour – dating back to the Entrecote dust-up and peaking around the drug suspension of Joel Smith – and the separate but equally damaging circuses around Petracca and Oliver. Loading Did Goodwin's methods or management contribute to these problems that made his coaching life difficult after 2022? Possibly. But there were also factors outside his domain, which made it harder to have a singular focus on coaching. Goodwin appeared to have done enough mid-season, on the back of a victory at the Gabba, to hold his position next year, as I suggested. Results since, 'have not necessarily been to [his] advantage', to borrow from the Japanese emperor Hirohito's surrender speech. The Demons have gone south. Voss' curse has been injury, both in 2024 and this year. This must be considered when judgment day comes. The Wright call, however, will be predicated on whether the coach has the right stuff for 2026 and beyond. Most crucial to Carlton and Melbourne's self-examinations will be their understanding of their position – ie, if they are undertaking mini-rebuilds or refreshing of their lists (the Demons have put their toe in those waters already), or if either believe they can re-jig, find some mature players from rivals and scale the mountain quickly. The Blues are committed to father-son Harry Dean and to Andrew Walker's gun son Cody, and will regain Jagga Smith, a top-three pick in 2024, over the next two post-seasons. This necessarily gives them signposts for the future. How quickly can those kids come on alongside Curnow, Jacob Weitering and Sam Walsh? Knowing precisely where you're situated in the premiership cycle is paramount. Once you're sorted on that front, the calls on players, coaches and recruiting follow.
