Mining’s next boom, the wine sectors big hangover & rich list winners
5/29/202641 min
This week Chanticleer columnists James Thomson and Anthony Macdonald ask whether the next big mining boom might pass Australia by, they examine what the global wine glut means for Dan Murphys and look at whether there’s any good news on inflation. Oh, and James sits in a giant truck.
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First 90 secondsJames Thomson· Host0:00
[upbeat music] The Australian Financial Review. [upbeat music] Hello, I'm James Thompson, senior Chanticleer columnist at the AFR. Welcome to our weekly news breakdown of all things business, finance, and markets. [upbeat music] With me today, as always, he's more valuable than a ton of rare earths, it's my Chanticleer colleague, Anthony McDonald. How are you, Anthony?
Anthony Macdonald· Host0:28
I think you mean less valuable, James. Definitely less strategic.
James Thomson· Host0:32
[laughs] Indeed. [upbeat music] This week we ask whether the next big mining boom might pass Australia by. We examine what the global wine glut means for Dan Murphy's. And look at whether there's any good news on the inflation front.
Anthony Macdonald· Host0:51
[upbeat music] James, we have to start with the big production of the week, the annual AFR Rich List. It's a once a year effort from the Rich List team, and compiles Australia's rich and richer. Gina Rinehart topped the list for the seventh straight year this year with a stonking $39 billion, ahead of Meriton's Harry Triguboff, cardboard man Anthony Pratt, Glencore's Ivan Glasenberg, and another miner, Clive Palmer. James, our former Rich List editor, what caught your eye this year?
James Thomson· Host1:20
Well, I think it's the AI rich listers, Anthony. They're coming.
Anthony Macdonald· Host1:24
Mm-hmm.
James Thomson· Host1:24
Of the 15 new debutants on the list, four had something to do with AI. They