News Wrap

In News Wrap: Owner ‘relieved’ after $50,000 gold nugget found; Tanzanian miner becomes overnight millionaire; and super giant HESTA divests coal.
News Wrap News Wrap News Wrap News Wrap News Wrap

Staff reporter

Owner ‘relieved' after $50,000 gold nugget found

A $50,000 gold nugget has been found after being lost on a Wheatbelt highway, reports PerthNow.

The owners of the nugget put a desperate call out to people on the Great Northern Highway in Wubin, 270km from Perth, after losing it from a moving vehicle.

Today, police announced the nugget had been found and returned to its elderly owner.

"The nugget has been found! Big thanks to the wider community, the 83 year old owner and his wife are very, very grateful, relieved and very happy," police said on Twitter .

Tanzanian miner becomes overnight millionaire

A small-scale miner in Tanzania has become an overnight millionaire after selling two rough Tanzanite stones - the biggest ever find in the country, reports the BBC.

Saniniu Laizer earned £2.4 million from the country's mining ministry for the gemstones, which had a combined weight of 15kg.

"There will be a big party tomorrow," Laizer, a father of more than 30 children, said.

Super giant HESTA divests coal

The $52 billion super fund for healthcare workers has divested holdings in thermal coal companies under a new climate policy that commits to "net zero" emissions across the entire portfolio by 2050, according to The Age.

HESTA's updated climate plan involves reducing absolute carbon emissions across its investment portfolio by 33% within the decade and 100% by 2050, in an effort to bring its investment strategy in line with the goals of the Paris Climate Agreement.

The role of large super fund investors to limit emissions has increasingly come to the fore after the Intergovernmental Panel of Climate Change report found there would be "long-lasting or irreversible" impacts to the environment if warming exceeded 1.5 degrees.


  • Top News: Vale Terry Grammer. Read more.
  • Top News: SolGold's relationship with BHP, Newcrest not 'soured'. Read more.
  • Top News: Nickel Mines becomes 'new force in global nickel'. Read more.