Source: New Zealand Police
District:
People in Rotorua are advised if possible to steer clear of Wikaraka Street, Ngongotaha where there is a fire at a car wreckers.
The smoke is thick, and those living in the area are asked to stay inside and close windows and doors.
ENDS
LiveNews: https://nz.mil-osi.com/2026/03/14/fire-ngongotaha/
Source: Radio New Zealand
Photosport
The defending champion Crusaders are looking to avenge their round one defeat against the Highlanders, as the sides rematch in Christchurch.
Since then, they have won just one match, while the Highlanders only boast one more to their name, as the seventh and eighth-placed sides lock horns again.
Kickoff is at 7.05pm.
Crusaders: 1. Finlay Brewis. 2. Codie Taylor. 3. Fletcher Newell. 4. Antonio Shalfoon. 5. Tahlor Cahill. 6. Ethan Blackadder. 7. Johnny Lee, on debut. 8. Christian Lio-Willie. 9. Noah Hotham. 10. Rivez Reihana. 11. Sevu Reece. 12. David Havili (c). 13. Braydon Ennor. 14. Chay Fihaki. 15. Will Jordan.
Bench: 16. George Bell. 17. George Bower. 18. Seb Calder. 19. Will Tucker. 20. Xavier Saifoloi. 21. Kyle Preston. 22. Leicester Fainga’anuku. 23. Dallas McLeod.
Highlanders: 1. Ethan de Groot. 2. Jack Taylor. 3. Angus Ta’avao. 4. Tomás Lavanini. 5. Mitch Dunshea. 6. Te Kamaka Howden. 7. Sean Withy. (cc) 8. Lucas Casey. 9. Folau Fakatava. 10. Cameron Millar. 11. Jona Nareki. 12. Timoci Tavatavanawai (cc). 13. Tanielu Tele’a. 14. Caleb Tangitau. 15. Jacob Ratumaitavuki-Kneepkens.
Bench: 16. Soane Vikena. 17. Daniel Lienert-Brown. 18. Rohan Wingham. 19. Oliver Haig. 20. Nikora Broughton. 21. Veveni Lasaqa. 22. Adam Lennox. 23. Reesjan Pasitoa.
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– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand
LiveNews: https://nz.mil-osi.com/2026/03/14/live-super-rugby-pacific-crusaders-v-highlanders/
Source: Radio New Zealand
Corban Piper celebrates his goal for Wellington Phoenix against Perth Glory. Marty Melville
Wellington Phoenix have given their A-League men’s playoff hopes a lifeline with a 2-0 home win over Perth Glory.
With their first win in eight games, the Phoenix move out of bottom place into ninth and, more crucially, just two points outside the top six.
Five matches remain for the Wellington side to build on this win, as they attempt to turn their season around, after the disastrous 5-0 loss to Auckland FC, which saw coach Giancarlo Italiano’s immediate resignation on 21 February.
Interim replacement Chris Greenacre enjoyed his first win in charge against Perth, with skipper Alex Rufer making a big difference to their attack in his return after suspension.
Locked at 0-0 at halftime, the Phoenix looking the more dominant team, but did not show it on the scoreboard.
Defender Corban Piper put them in the lead, when he headed in from a corner in the 55th minute.
They went further ahead with six minutes of regular time left, when Perth midfielder Nicholas Pennington scored an own goal, ending any hopes of victory for the visitors.
“We grinded and I think today was a very, very good performance, solid,” Rufer told Sky Sport.
The team had had a tough few weeks, but had adapted well to Greenacre’s approach, he said.
“Everyone put in a great shift tonight and [it’s] a massive three points.”
Wellington hadn’t won since 18 January against Sydney FC and they visit eighth-placed Brisbane Roar – ahead only on goal difference – next Saturday.
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– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand
LiveNews: https://nz.mil-osi.com/2026/03/14/wellington-phoenix-beat-perth-glory-with-a-league-top-six-in-sight/
Source: Radio New Zealand
The Morgan Gorge could be “de-watered” if a planned hydro electric scheme goes ahead on the Waitaha River. Neil Silverwood
A plan to fast-track a controversial West Coast hydro scheme has been given an initial go-ahead.
The West Coast lines company, Westpower, has applied to fast-track its controversial plans to build a run-of-river hydro scheme on the Waitaha River, and in its draft decision the fast-track expert panel has given it approval.
Westpower Limited wants to build the $100 million Waitaha Hydro Project on conservation land between Hokitika and Franz Josef Glacier.
The plan is to build a weir to divert water through a tunnel to generate 23 megawatts of hydroelectric power, enough to power the equivalent of about 12,000 homes, according to Westpower.
Westpower said that, together with its partner Poutini Ngāi Tahu, it welcomed the panel’s draft decision to approve the project.
It said the project was an important step towards improving resilience of the electricity supply on the West Coast and contributing to Aotearoa New Zealand’s climate change commitments.
“We are encouraged to see the Waitaha Hydro Project move forward. This is a major step for renewable energy in the region and New Zealand. We are committed to progressing responsibly, in partnership with Poutini Ngāi Tahu and our local communities,” said Westpower chief executive Peter Armstrong.
Federated Mountain Clubs (FMC) however said the proposal risked destroying a unique environment. President Megan Dimozantos said it was bad news for recreational users and the conservation estate.
“The Waitaha is one of the country’s last intact wild river valleys. Once a scheme like this is built, there is no going back.”
She said the Waitaha Valley, including the Morgan Gorge, was regarded as one of the finest canyoning destinations in New Zealand.
She said the area was visited by trampers, canyoners, and whitewater paddlers, and sat on public conservation land.
“The Morgan Gorge in particular, which would be de-watered by this scheme, is a very special place. There are hidden hot pools there. It has been described as the Everest of the white-water kayaking world. It is just a beautiful and special place.”
Dimozantos said when the project was declined in 2019 they did not expect to see it come back to life.
The FMC was also unhappy that it and other parties were stopped from making a submission to the fast-track expert panel on the proposal.
“We asked to be able to comment, and we were declined that opportunity. We also tried writing to the fast-track panel, and they subsequently put out a minute clarifying that they would not take any of the information we had given to them into account.”
She said the club was considering its options, including taking legal advice.
The expert panel was now seeking further feedback from specific parties, including the applicant and the local authorities, before it made its final decision.
Westpower was approached for comment.
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– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand
LiveNews: https://livenews.co.nz/2026/03/14/anger-over-west-coast-hydro-schemes-fast-track-approval/
Source: GlobeNewswire (MIL-NZ-AU)
Transaction expected to close in fourth quarter with combined company to begin trading on the Nasdaq under the ticker “FUEL”
Vertically Integrated business model combines state-of-the-art power generation with oil & gas production to power Bitcoin mining operations
Post-Transaction combined entity expected to have an equity valuation range between US$220M-$343M
SYDNEY, Oct. 15, 2025 (GLOBE NEWSWIRE) — Innovation Beverage Group Ltd (“IBG” or the “Company”) (Nasdaq: IBG), an innovative developer, manufacturer, and marketer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands, today announced that it has entered into a definitive agreement for a reverse triangular merger transaction with BlockFuel Energy Inc., a Texas corporation (“BlockFuel” or “BFE”) engaged in oil and gas exploration and state-of-the-art power generation to support Bitcoin mining operations and high-performance data centers across North America. IBG and BFE expect to close the transaction in the fourth quarter of 2025, subject to customary closing conditions and will trade on the Nasdaq under the ticker symbol “FUEL”.
Under the terms of the definitive agreement, IBG will merge with BlockFuel through a reverse triangular merger, with a newly formed subsidiary of IBG formed for the transaction merging with and into BFE, with BFE as the surviving entity and becoming a wholly owned subsidiary. When the transaction closes, the owners of BFE are expected to own ordinary shares in IBG representing 90% of the total number of issued and outstanding ordinary shares of IBG on a post-transaction basis, subject to certain equitable adjustments for interim financings. As previously announced, Marshall & Stevens Transaction Advisory Services conducted an independent fairness analysis which concluded that the post-transaction combined company resulting from the merger of IBG and BFE is expected to have an equity valuation range between US$220 million to US$343 million. Shareholders of IBG will own 10% of the combined entity upon closing, equaling an implied post-transaction equity value for IBG in the range of US$22 million to US$34.3 million, compared to a pre-transaction valuation of US$2.9 million to US$6.3 million.
Upon closing of the agreed transaction, Daniel Lanskey, currently President and CEO of BlockFuel and a Director of IBG, will be appointed Chairman of the Board and Chief Executive Officer of the new combined entity. Sahil Beri, currently Chairman of the Board and Chief Executive Officer of IBG, will resign from both positions and will be appointed as President of a newly formed beverage subsidiary.
Sahil Beri, Chief Executive Officer of IBG commented, “The agreement for our reverse merger transaction with BlockFuel Energy marks a pivotal milestone in the IBG story as we work to maximize shareholder value. BlockFuel is uniquely positioned at the forefront of energy innovation and digital asset mining, and we are pleased to provide a public vehicle for BFE to introduce itself to the capital markets. We are separately optimistic about what the future holds for the IBG business as a subsidiary of BlockFuel as we continue to build and grow our award-winning alcoholic and non-alcoholic beverage portfolio.”
Daniel Lanskey, Executive Chairman of BlockFuel added, “With today’s announcement finalizing BlockFuel’s entry into the U.S. capital markets via our reverse merger with IBG, we are well placed to capitalize on significant opportunities across the digital asset, energy capture and oil & gas sectors. Integrating IBG’s public market presence with our advanced energy harnessing and Bitcoin mining technologies creates a powerful foundation for long-term value creation. This transaction strengthens our ability to scale, expand market reach, and build a sustainable growth trajectory at the intersection of cleaner energy and blockchain infrastructure.”
If you have a question or would like to schedule a meeting with IBG or BFE management, please contact BFE@KCSA.com.
About Innovation Beverage Group
Innovation Beverage Group is a developer, manufacturer, marketer, exporter, and retailer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands for which it owns exclusive manufacturing rights. Focused on premium and super premium brands and market categories where it can disrupt age old brands, IBG’s brands include Australian Bitters, BITTERTALES, Drummerboy Spirits, Twisted Shaker, and more. IBG’s most successful brand to date is Australian Bitters, which is a well-established and favored bitters brand in Australia. Established in 2018, IBG’s headquarters, manufacturing and flavor innovation center are located in Sydney, Australia with a U.S. sales office located in California. For more information visit: https://www.innovationbev.com/
About BlockFuel Energy
BlockFuel Energy is involved in the acquisition, exploration and development of proven oil fields onshore in North America. By turning natural gas at the source, including stranded and flared gas, into a potent resource for the digital era, BlockFuel Energy intends to redefine the energy industry. BlockFuel Energy combines state-of-the-art power generation with oil and gas exploration to power bitcoin mining operations and high-performance data centers. Our vertically integrated concept allows us to use co-location and modular power generation techniques to optimize efficiency and investment returns. Our cutting-edge solutions for energy optimization and extraction will enable us to transform underdeveloped resources into high-margin, scalable, and sustainable revenue streams. For more information visit: https://blockfuelenergy.com/
Forward Looking Statement
This press release contains “forward-looking statements” and “forward-looking information.” These statements include, but are not limited to, statements about the final terms of the potential merger transaction, the structure of such transaction, benefits of the contemplated transaction between IBG and BlockFuel Energy, expected closing conditions and the parties’ ability to complete the transaction, should definitive documentation be reached as well as other statements that are not historical facts. This information and these statements, which can be identified by the fact that they do not relate strictly to historical or current facts, are made as of the date of this press release or as of the date of the effective date of information described in this press release, as applicable.
The forward-looking statements herein relate to predictions, expectations, beliefs, plans, projections, objectives, assumptions, or future events or performance (often, but not always, using words or phrases such as “expects,” “anticipates,” “plans,” “projects,” “estimates,” “envisages,” “assumes,” “intends,” “strategy,” “goals,” “objectives” or variations thereof or stating that certain action events or results “may,” “can,” “could,” “would,” “might,” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) and include, without limitation, statements with respect to projected financial targets that the Company is looking to achieve.
All forward-looking statements are based on current beliefs as well as various assumptions made by and information currently available to the Company’s management team. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections, and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. Such factors include, among others, (1) delays in finalizing definitive documentation for the contemplated transaction, (2) the risk that definitive documentation will reflect different terms than the non-binding terms described herein, (3) the risk of delays in consummating the contemplated transaction, including as a result of required regulatory and stockholder approvals, which may not be obtained on the expected timeline, or at all, (4) the risk of any event, change or other circumstance that could cause the parties to terminate the transaction prior to closing , (5) disruption to the parties’ businesses as a result of the announcement and pendency of the transaction, including potential distraction of management from current plans and operations of IBG or BlockFuel Energy and the ability of IBG and BlockFuel Energy to retain and hire key personnel, (6) reputational risk and the reaction of each company’s customers, suppliers, employees or other business partners to the transaction, (7) the possibility that the transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events, (8) the outcome of any legal or regulatory proceedings that may be instituted against IBG or BlockFuel Energy related to the transaction or merger agreement, should definitive documentation be executed, (9) the risks associated with third party contracts containing consent and/or other provisions that may be triggered by the contemplated transaction, (10) legislative, regulatory, political, market, economic and other conditions, developments and uncertainties affecting IBG’s or BlockFuel Energy’s businesses; (11) the evolving legal, regulatory and tax regimes under which IBG or BlockFuel Energy operate; (12) any restrictions during the pendency of the contemplated transaction that may impact the parties’ ability to pursue certain business opportunities or strategic transactions; and (13) unpredictability and severity of catastrophic events, including, but not limited to, extreme weather, natural disasters, acts of terrorism or outbreak of war or hostilities. We caution any person reviewing this press release not to place undue reliance on these forward-looking statements as several important factors could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions, and intentions expressed in such forward-looking statements. These risk factors may be generally stated as the risk that the assumptions and estimates expressed above do not occur.
The Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by Company or on behalf of the Company except as may be required by law.
Contact:
Innovation Beverage Group Limited
Sahil Beri
CEO
sahil@innovationbev.com
www.innovationbev.com
BlockFuelEnergy Inc.
Daniel Lanskey
President and CEO
dan.lanskey@blockfuelenergy.com
www.blockfuelenergy.com
Investor Relations:
KCSA Strategic Communications
Phil Carlson, Managing Director
BFE@KCSA.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d6543343-3458-4a0b-84b2-aa163fe3f272
– Published by The MIL Network
LiveNews: https://feedcreatorngin2.fifthestate.nz/2026/03/14/innovation-beverage-group-enters-into-definitive-merger-agreement-with-blockfuel-energy-inc-2/
Source: GlobeNewswire (MIL-NZ-AU)
Secured $9.7bn AI Cloud Contract with Microsoft
Targeting $3.4bn AI Cloud ARR by End of 2026, Expansion to 140k GPUs 1
NEW YORK, Nov. 06, 2025 (GLOBE NEWSWIRE) — IREN Limited (NASDAQ: IREN) (“IREN” or “the Company”) today reported its financial results for the three months ended September 30, 2025.
Highlights
Q1 FY26 Financial Results
* Includes unrealized gains, primarily on prepaid forwards and capped calls in connection with convertible notes
Project Update
British Columbia (160MW)
Childress (750MW)
Sweetwater Hub (2GW)
Financing
IREN continues to strengthen its capital structure and fund growth through diversified sources:
Management Commentary
“IREN continues to execute with discipline, delivering record results this quarter and meaningful progress in our AI Cloud expansion,” said Daniel Roberts, Co-Founder and Co-CEO of IREN.
“We secured several new multi-year contracts, including a landmark partnership with Microsoft, which solidifies IREN’s position as a leading AI Cloud Service Provider and expands our reach into new hyperscale customer segments.
Looking ahead, our announced expansion to 140k GPUs represents only 16% of our 3GW grid-connected power portfolio, providing ample capacity to continue scaling IREN’s AI Cloud platform and drive long-term value creation.”
Q1 FY26 Results Webcast & Conference Call
IREN will host its Q1 FY26 results webcast and conference call at the following time:
| Time & Date: | 5:00 p.m. Eastern Time, Thursday, November 6, 2025 | |
| Participant | Registration Link | |
| Live Webcast | Use this link | |
| Phone Dial-In with Live Q&A | Use this link | |
The webcast will be recorded, and the replay will be accessible shortly after the event at https://iren.com/investor/events-and-presentations
About IREN
IREN is a leading AI Cloud Service Provider, delivering large-scale GPU clusters for AI training and inference. IREN’s vertically integrated platform is underpinned by its expansive portfolio of grid-connected land and data centers in renewable-rich regions across the U.S. and Canada.
Contacts
Investors
Mike Power
mike.power@iren.com
Media
Matt Epting
matt.epting@iren.com
To keep updated on IREN’s news releases and SEC filings, please subscribe to email alerts at https://iren.com/investor/ir-resources/email-alerts.
Assumptions and Notes
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (“Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (“Exchange Act”), that involve substantial risks and uncertainties. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies and trends we expect to affect our business. These statements often include words such as “anticipate,” “expect,” “suggest,” “plan,” “believe,” “intend,” “estimate,” “target,” “project,” “should,” “potential,” “could,” “would,” “may,” “will,” “forecast,” and other similar expressions. Forward-looking statements may also be made, verbally or in writing, by members of our Board or management team. Such statements are subject to the same limitations, uncertainties, assumptions and disclaimers set out in this press release.
We base these forward-looking statements or projections on our current expectations, plans and assumptions that we have made in light of our experience in the industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances and at such time. The forward-looking statements are subject to and involve risks, uncertainties and assumptions and you should not place undue reliance on these forward-looking statements. Although we believe that these forward-looking statements are based on reasonable assumptions at the time they are made, you should be aware that many factors could affect our actual financial results or results of operations, and could cause actual results to differ materially from those expressed in the forward-looking statements. Factors that may materially affect such forward-looking statements include, but are not limited to: Bitcoin price and foreign currency exchange rate fluctuations; our ability to obtain additional capital on commercially reasonable terms and in a timely manner to meet our capital needs and facilitate our expansion plans; the terms of any future financing or any refinancing, restructuring or modification to the terms of any future financing, which could require us to comply with onerous covenants or restrictions, and our ability to service our debt obligations, any of which could restrict our business operations and adversely impact our financial condition, cash flows and results of operations; our ability to successfully execute on our growth strategies and operating plans, including our ability to continue to develop our existing data center sites, design and deploy direct-to-chip liquid cooling systems, and diversify and expand into the market for high-performance computing (“HPC”) solutions (including the market for AI Cloud Services and potential colocation services such as powered shell, build-to-suit and turnkey data centers (“Colocation Services”) (collectively “HPC and AI services”)); our limited experience with respect to new markets we have entered or may seek to enter, including the market for HPC and AI services); our ability to remain competitive in dynamic and rapidly evolving industries; expectations with respect to the ongoing profitability, viability, operability, security, popularity and public perceptions of the Bitcoin network; expectations with respect to the useful life and obsolescence of hardware (including hardware for Bitcoin mining and any current or future HPC and AI services we offer); delays, increases in costs or reductions in the supply of equipment used in our operations including as a result of tariffs and duties, and certain equipment being in high demand due to global supply chain constraints; expectations with respect to the profitability, viability, operability, security, popularity and public perceptions of any current and future HPC and AI services we offer; our ability to secure and retain customers on commercially reasonable terms or at all, particularly as it relates to our strategy to expand into markets for HPC and AI services; our ability to establish and maintain a customer base for our HPC and AI services business and customer concentration; our ability to manage counterparty risk (including credit risk) associated with any current or future customers, including customers of our HPC and AI services and other counterparties; the risk that any current or future customers, including customers of our HPC and AI services or other counterparties, may terminate, default on or underperform their contractual obligations; changing political and geopolitical conditions, including changing international trade policies and the implementation of wide-ranging, reciprocal and retaliatory tariffs, surtaxes and other similar import or export duties, or trade restrictions; Bitcoin global hashrate fluctuations; our ability to secure renewable energy, renewable energy certificates, power capacity, facilities and sites on commercially reasonable terms or at all; delays associated with, or failure to obtain or complete, permitting approvals, grid connections and other development activities customary for greenfield or brownfield infrastructure projects; our reliance on power and utilities providers, third party mining pools, exchanges, banks, insurance providers and our ability to maintain relationships with such parties; expectations regarding availability and pricing of electricity; our participation and ability to successfully participate in demand response products and services and other load management programs run, operated or offered by electricity network operators, regulators or electricity market operators; the availability, reliability and/or cost of electricity supply, hardware and electrical and data center infrastructure, including with respect to any electricity outages and any laws and regulations that may restrict the electricity supply available to us; any variance between the actual operating performance of our miner hardware achieved compared to the nameplate performance including hashrate; electricity market risks relating to changes in regulations and requirements of market operators and regulatory bodies, including with respect to grid stability, interconnection and curtailment obligations; our ability to curtail our electricity consumption and/or monetize electricity depending on market conditions, including changes in Bitcoin mining economics and prevailing electricity prices; actions undertaken by electricity network and market operators, regulators, governments or communities in the regions in which we operate; the availability, suitability, reliability and cost of internet connections at our facilities; our ability to secure additional hardware, including hardware for Bitcoin mining and any current or future HPC and AI services we offer, on commercially reasonable terms or at all, and any delays or reductions in the supply of such hardware or increases in the cost of procuring such hardware; our ability to operate in an evolving regulatory environment; our ability to successfully operate and maintain our property and infrastructure; reliability and performance of our infrastructure compared to expectations; malicious attacks on our property, infrastructure or IT systems; our ability to maintain in good standing the operating and other permits and licenses required for our operations and business; our ability to obtain, maintain, protect and enforce our intellectual property rights and confidential information; any intellectual property infringement and product liability claims; whether the secular trends we expect to drive growth in our business materialize to the degree we expect them to, or at all; any pending or future acquisitions, dispositions, joint ventures or other strategic transactions; the occurrence of any environmental, health and safety incidents at our sites, and any material costs relating to environmental, health and safety requirements or liabilities; damage to our property and infrastructure and the risk that any insurance we maintain may not fully cover all potential exposures; ongoing proceedings relating to the default under certain equipment financing facilities, ongoing securities litigation, and any future litigation, claims and/or regulatory investigations, and the costs, expenses, use of resources, diversion of management time and efforts, liability and damages that may result therefrom]; our failure to comply with any laws including the anti-corruption laws of the United States and various international jurisdictions; any failure of our compliance and risk management methods; any laws, regulations and ethical standards that may relate to our business, including those that relate to Bitcoin and the Bitcoin mining industry and those that relate to any other services we offer, including laws and regulations related to data privacy, cybersecurity and the storage, use or processing of information and consumer laws; our ability to attract, motivate and retain senior management and qualified employees; increased risks to our global operations including, but not limited to, political instability, acts of terrorism, theft and vandalism, cyberattacks and other cybersecurity incidents and unexpected regulatory and economic sanctions changes, among other things; climate change, severe weather conditions and natural and man-made disasters that may materially adversely affect our business, financial condition and results of operations; public health crises, including an outbreak of an infectious disease and any governmental or industry measures taken in response; damage to our brand and reputation; evolving stakeholder expectations and requirements relating to environmental, social or governance (“ESG”) issues or reporting, including actual or perceived failure to comply with such expectations and requirements; the market price of our ordinary shares (“Ordinary shares”) may be highly volatile; that we do not currently pay any cash dividends on our Ordinary shares, and may not in the foreseeable future and, accordingly, your ability to achieve a return on your investment in our Ordinary shares will depend on appreciation, if any, in the price of our Ordinary shares; and other important factors discussed under the caption “Risk Factors” in IREN’s annual report on Form 10-K filed with the SEC on August 28, 2024 as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC’s website at www.sec.gov and the Investor Relations section of IREN’s website at https://investors.iren.com.
These and other important factors could cause actual results to differ materially by the forward-looking statements made in this press release. Any forward-looking statement that IREN makes in this press release speaks only as of the date of such statement. Except as required by law, IREN disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.
Non-GAAP Financial Measures
This press release refers to certain measures that are not recognized under GAAP and do not have a standardized meaning prescribed by GAAP. IREN uses non-GAAP measures including “EBITDA” and “Adjusted EBITDA,” and “Adjusted EBITDA margin,” (each as defined below) as additional information to complement GAAP measures by providing further understanding of the Company’s operations from management’s perspective.
EBITDA is defined as net income (loss), excluding income tax (expense) benefit, finance expense, interest income and depreciation and amortization, which are important components of our net income (loss). Further, “Adjusted EBITDA” also excludes stock based compensation, foreign exchange gain (loss), impairment of assets, certain other non-recurring income, gain (loss) on disposal of property, plant and equipment, unrealized fair value gain (loss) on financial instruments, gain (loss) on partial extinguishment of financial liabilities, increase (decrease) in fair value of assets held for sale and certain other expense items. “Adjusted EBITDA margin” is defined as Adjusted EBITDA divided by revenue.
The reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are shown in the Appendix hereto.
| Consolidated Balance Sheet | ||
| US$m1 | As at 30 September 2025 | As at 30 June 2025 |
| Assets | ||
| Cash and cash equivalents | 1,032.3 | 564.5 |
| Accounts receivable, net | 24.1 | 1.6 |
| Deposits and prepaid expenses | 53.3 | 45.9 |
| Derivative assets | 2.9 | 5.8 |
| Income taxes receivable | – | 2.6 |
| Other receivables | 11.4 | 20.8 |
| Total current assets | 1,123.9 | 641.2 |
| Property, plant and equipment, net | 2,115.4 | 1,930.6 |
| Operating lease right-of-use asset, net | 1.4 | 1.5 |
| Deposits and prepaid expenses | 30.5 | 32.9 |
| Financial assets | 681.4 | 211.6 |
| Derivative assets | 314.4 | 122.1 |
| Other non-current assets | 0.3 | 0.5 |
| Total non-current assets | 3,143.4 | 2,299.1 |
| Total assets | 4,267.4 | 2,940.3 |
| Liabilities | ||
| Accounts payable and accrued expenses | 151.9 | 144.1 |
| Operating lease liability, current portion | 0.4 | 0.4 |
| Income taxes payable | 0.1 | – |
| Deferred revenue | 1.1 | 0.9 |
| Other liabilities, current portion | 50.2 | 3.9 |
| Total current liabilities | 203.7 | 149.3 |
| Operating lease liability, less current portion | 1.0 | 1.1 |
| Convertible notes payable | 964.2 | 962.8 |
| Deferred revenue, less current portion | 22.2 | – |
| Deferred tax liabilities | 195.4 | 8.0 |
| Income taxes payable, less current portion | 2.0 | 1.5 |
| Other liabilities, less current portion | 2.6 | 0.2 |
| Total non-current liabilities | 1,187.5 | 973.5 |
| Total liabilities | 1,391.2 | 1,122.8 |
| Stockholders’ equity | 2,876.2 | 1,817.5 |
| Total stockholders’ equity | 2,876.2 | 1,817.5 |
| Total liabilities and stockholders’ equity | 4,267.4 | 2,940.3 |
1) For further detail, see our unaudited condensed consolidated financial statements for the quarter ended September 30, 2025, included in our Form 10-Q filed with the SEC on November 6, 2025
| Consolidated Statement of Operations |
||
| US$m | Quarter ended | Quarter ended |
| September 30, 20251 | June 30, 2025 | |
| Revenue | ||
| Bitcoin Mining Revenue | 232.9 | 180.3 |
| AI Cloud Services Revenue | 7.3 | 7.0 |
| Total Revenue | 240.3 | 187.3 |
| Cost of revenue (exclusive of depreciation and amortization) | ||
| Bitcoin Mining | (79.9) | (52.4) |
| AI Cloud Services | (0.7) | (0.5) |
| Total cost of revenue | (80.7) | (52.9) |
| Operating (expenses) income | ||
| Selling, general and administrative expenses | (138.4) | (53.3) |
| Depreciation and amortization | (85.2) | (63.8) |
| Impairment of assets | (16.3) | 2.4 |
| Gain (loss) on disposal of property, plant and equipment | (0.0) | 2.3 |
| Other operating expenses | – | (3.0) |
| Other operating income | 3.8 | 1.6 |
| Total operating (expenses) income | (236.0) | (113.8) |
| Operating (loss) income | (76.4) | 20.6 |
| Other (expense) income: | ||
| Finance expense | (9.3) | (5.2) |
| Interest income | 7.1 | 1.7 |
| Increase (decrease) in fair value of assets held for sale | – | (2.7) |
| Realized gain (loss) on financial assets | (5.8) | – |
| Unrealized gain (loss) on financial instruments | 665.0 | 147.7 |
| Gain on partial extinguishment of financial liabilities | – | 9.1 |
| Foreign exchange gain (loss) | (5.4) | 2.4 |
| Other non-operating income | – | 0.5 |
| Total other (expense) income | 651.7 | 153.5 |
| Income (loss) before taxes | 575.3 | 174.1 |
| Income tax (expense) benefit | (190.7) | 2.8 |
| Net income (loss) | 384.6 | 176.9 |
1) For further detail, see our unaudited condensed consolidated financial statements for the quarter ended September 30, 2025, included in our Form 10-Q filed with the SEC on November 6, 2025
| Consolidated Statement of Cashflows | ||
| US$m | Quarter ended | Quarter ended |
| September 30, 2025 | September 30, 2024 | |
| Operating activities | ||
| Net income (loss) | 384.6 | (51.7) |
| Adjustments to reconcile net income (loss) to net cash from (used in) operating activities: | ||
| Depreciation and amortization | 85.2 | 33.9 |
| Impairment of assets | 16.3 | 6.9 |
| Change in fair value of assets held for sale | – | 2.6 |
| Realized (gain) loss on financial instruments | 5.8 | 4.2 |
| Unrealized (gain) loss on financial instruments | (665.0) | – |
| Other (income) expense | – | 1.7 |
| (Gain) loss on disposal of property, plant and equipment | 0.0 | (0.8) |
| Foreign exchange loss (gain) | 2.2 | (1.2) |
| Stock-based compensation expense | 72.4 | 8.2 |
| Amortization of debt issuance costs | 1.3 | – |
| Changes in assets and liabilities: | ||
| Accounts receivable and other receivables | (13.1) | (11.1) |
| Other asset | 0.2 | (0.2) |
| Financial asset, current | – | 6.5 |
| Tax related receivables | 2.6 | – |
| Tax related liabilities | 187.9 | 1.3 |
| Accounts payable and accrued expenses | 3.5 | 45.0 |
| Other liabilities | 48.7 | 2.4 |
| Deferred revenue | 22.5 | (0.2) |
| Prepayments and deposits | (12.6) | (52.5) |
| Operating lease liabilities | (0) | 0.9 |
| Net cash from (used in) operating activities | 142.4 | (3.9) |
| Investing activities | ||
| Payments for property, plant and equipment net of hardware prepayments | (180.3) | (105.8) |
| Payments for computer hardware prepayments | (100.3) | (277.6) |
| Payments for other prepayments and other assets | (0.3) | (4.3) |
| Proceeds from disposal of property, plant and equipment | – | 0.5 |
| Net cash from (used in) investing activities | (280.9) | (387.1) |
| Financing activities | ||
| Payment of offering costs for the issuance of Ordinary shares- at-the-market offering | (18.5) | (0.1) |
| Proceeds from loan funded shares | 0.6 | 0.8 |
| Proceeds from exercise of options | 6.6 | – |
| Payment of borrowing transaction costs | (0.9) | – |
| Proceeds from the issuance of Ordinary shares – at-the-market offering | 618.4 | 84.0 |
| Net cash from (used in) financing activities | 606.1 | 84.7 |
| Net increase (decrease) in cash and cash equivalents | 467.6 | (306.4) |
| Cash and cash equivalents at the beginning of the financial year | 564.5 | 404.6 |
| Effects of exchange rate changes on cash and cash equivalents | 0.1 | 0.4 |
| Cash and cash equivalents at the end of the financial year | 1,032.3 | 98.6 |
1) For further detail, see our unaudited condensed consolidated financial statements for the quarter ended September 30, 2025, included in our Form 10-Q filed with the SEC on November 6, 2025
| Non-GAAP Metric Reconciliation | ||
| Adjusted EBITDA Reconciliation (USD$m) |
Quarter ended September 30, 2025 |
Quarter ended June 30, 2025 |
| Net income (loss) | 384.6 | 176.9 |
| Net income (loss) Margin1 | 160% | 94% |
| Income tax expense (benefit) | 190.7 | (2.8) |
| Income (loss) before tax | 575.3 | 174.1 |
| Finance expense | 9.3 | 5.2 |
| Interest income | (7.1) | (1.7) |
| Depreciation and amortization | 85.2 | 63.8 |
| EBITDA | 662.7 | 241.4 |
| Reconciliation to consolidated statement of operations | ||
| Add/(deduct): | ||
| Unrealized (gain) loss on financial instruments | (665.0) | (147.7) |
| Stock-based payment expense | 72.4 | 18.7 |
| Impairment of assets | 16.3 | (2.4) |
| (Gain) loss on disposal of property, plant and equipment | 0.0 | (2.3) |
| (Increase) decrease in fair value of assets held for sale | – | 2.7 |
| Gain on partial extinguishment of financial liabilities | – | (9.1) |
| Foreign exchange (gain) loss | 5.4 | (2.4) |
| Other one-off expense items2 | – | 23.1 |
| Adjusted EBITDA | 91.7 | 121.9 |
| Adjusted EBITDA Margin3 | 38% | 65% |
1) Net Income Margin is calculated as Net Income divided by Total Revenue
2) Other one-off expense items for FY25 includes a one-time liquidation payment incurred in August 2024 resulting from the transition to spot pricing at the Group’s site at Childress, the reversal of the unrealized loss recorded on fixed price contracted amounts outstanding at June 30, 2024, a litigation related settlement provision, loss on mining hardware in transit, transaction costs incurred in December 2024 and June 2025 on entering the Capped Call Transactions in conjunction with the issuance of the 2030 Convertible Notes and 2029 Convertible Notes, one-off professional fees incurred in relation to litigation matters and the securities class action
3) Adjusted EBITDA Margin is calculated as Adjusted EBITDA divided by Total Revenue
– Published by The MIL Network
LiveNews: https://feedcreatorngin2.fifthestate.nz/2026/03/14/iren-reports-q1-fy26-results-2/
Source: GlobeNewswire (MIL-NZ-AU)
PERTH, Australia, Nov. 12, 2025 (GLOBE NEWSWIRE) — Paladin Energy Ltd (ASX:PDN, TSX:PDN, OTCQX:PALAF) (“Paladin” or the “Company”) advises that it has released its unaudited interim financial statements and management discussion and analysis (MD&A) (Interim Financial Results) for Paladin Energy Ltd and its controlled entities for the three-month period ended 30 September 2025.
The unaudited interim financial statements and MD&A are available on Paladin’s website (https://www.paladinenergy.com.au/investors/asx-announcements/).
For further information contact:
About Paladin
Paladin Energy Ltd (ASX:PDN TSX: PDN OTCQX:PALAF) is a globally significant independent uranium producer with a 75% ownership of the world-class long life Langer Heinrich Mine located in Namibia. In late 2024 the Company acquired Fission Uranium Corp. in Canada, resulting in a dual-listing on the both the ASX and TSX. With the integration of Fission’s operations, the Company now owns and operates an extensive portfolio of uranium development and exploration assets across Canada, which include the Patterson Lake South (PLS) project in Saskatchewan and the Michelin project in Newfoundland and Labrador. Paladin also owns uranium exploration assets in Australia. Through its Langer Heinrich Mine, Paladin is delivering a reliable uranium supply to major nuclear utilities around the world, positioning itself as a meaningful contributor to baseload energy provision in multiple countries and contributing to global decarbonisation.
– Published by The MIL Network
LiveNews: https://feedcreatorngin2.fifthestate.nz/2026/03/14/interim-financial-results-2/
Source: GlobeNewswire (MIL-NZ-AU)
Anchorage Alaska, Oct. 14, 2025 (GLOBE NEWSWIRE) — Nova Minerals Limited (“Nova” or the “Company”) (NASDAQ: NVA) (ASX: NVA) (FRA: QM3) ) is pleased to announce that it has been approached by His Excellency The Hon Dr Kevin Rudd AC, Australian Ambassador to the United States, to provide a comprehensive update on its Estelle Gold and Critical Minerals Project in Alaska. This briefing is in preparation for the upcoming meeting between Australian Prime Minister Anthony Albanese and U.S. President Donald Trump, scheduled for Thursday, October 20, 2025, in Washington DC, where critical minerals and strategic resource cooperation will be key discussion points.
Highlights
Nova CEO, Mr Christopher Gerteisen, commented: “Being invited to brief the Australian Government for this high-level meeting between Prime Minister Albanese and President Trump is a testament to the strategic importance of the Estelle Project. With antimony recognized as a critical mineral and our gold resources adding significant value, Nova is well-positioned to contribute to both U.S. and Australian critical minerals strategies. The US$43.4 million DoW award and our secured land at Port MacKenzie underscore our commitment to building a secure, domestic supply chain for antimony and supporting U.S. defense and industrial needs. We look forward to continued collaboration with both governments as we advance the Estelle Project toward production.”
Strategic Engagement with Australian and U.S. Governments
As part of the briefing, Nova has been requested to provide details on its U.S. investments, including an overview of the Estelle Project, the key minerals identified, planned expansion activities, and the Company’s engagement with U.S. government agencies. This request highlights the growing strategic importance of the Estelle Project, located in Alaska’s prolific Tintina Gold Belt, which hosts significant gold and antimony assets. The Project’s antimony prospects are of particular significance given antimony’s recent inclusion on the U.S. Department of the Interior’s Draft 2025 Critical Minerals List and its vital role in the defense, energy, and advanced manufacturing sectors.
Nova’s recent US$43.4 million award from the U.S. Department of War (DoW) to its wholly-owned subsidiary, Alaska Range Resources LLC, further validates the project’s importance. The funding supports the accelerated development of a fully integrated U.S. antimony supply chain, targeting production of military-spec antimony by 2026/27. Additionally, Nova’s secured land use permit for a proposed antimony refinery at Port MacKenzie positions the Company as a first-mover in establishing a domestic antimony production hub.
Estelle Project Overview
The Estelle Project, spans 514 km² of State of Alaska mining claims, located 150 km northwest of Anchorage in the Tintina Gold Belt. The project contains one of the world’s largest undeveloped gold deposits with over 20 advanced gold and antimony prospects across a 35 km long mineralized corridor, including two defined multi-million ounce gold resources and several drill-ready antimony prospects with significant outcropping stibnite vein systems.
The project’s potential is further enhanced by its proximity to world-class infrastructure and its alignment with regional development initiatives, such as the West Susitna Access Road. Nova’s proposed antimony refinery at Port MacKenzie, supported by a 42.81-acre land use permit, will produce a range of antimony products, including antimony trisulfide (Sb₂S₃), antimony trioxide (Sb₂O₃), and antimony metal, for both military and industrial applications.
Antimony and Gold Market Context
Antimony, a critical mineral for defense and high-tech applications, has seen growing demand due to its use in munitions, semiconductors, and energy systems. The U.S. Government’s support for domestic critical minerals projects, including advanced permitting and funding, highlights the strategic importance of Nova’s antimony production plans. Gold, a key component of the Estelle Project, continues to benefit from strong market prices, further enhancing the project’s economic value.
Figure 1. Estelle Project located in Alaska’s Tintina Gold Belt
Figure 2: Nova’s proposed fully secured and integrated U.S. domestic antimony supply chain plan.
Figure 1. Aerial view of Port MacKenzie highlighting the site for Nova’s proposed antimony refinery. Source: Port MacKenzie Operations
Qualified Persons
Vannu Khounphakdee, Professional Geologist and member of Australian Institute of Geoscientists contracted by Nova Minerals to provide geologic consulting services. Mr. Khounphakdee holds a Master of Science in Mine Geology and Engineering. He is a qualified person with at least 5 years’ experience with this type of project. By reason of education, affiliation with a professional association, and past relevant work experience, Mr. Khounphakdee fulfills the requirements of Qualified Person (QP) for the purposes of SEC Regulation SK-1300 for data QA/QC checks relevant to this announcement.
Hans Hoffman is a State of Alaska Certified Professional Geologist contracted by Nova Minerals to provide geologic consulting services. Mr. Hoffman is a member of the American Institute of Professional Geologists and holds a Bachelor of Science degree in Geological Engineering with a double major in Geology and Geophysics. He is a qualified person with at least 5 years of experience with these types of projects. By reason of education, affiliation with a professional association, and past relevant work experience, Mr. Hoffman fulfills the requirements of Qualified Person (QP) for the purposes of SEC Regulation SK-1300 for the technical information presented in this announcement.
Christopher Gerteisen, Chief Executive Officer of Nova Minerals, is a Professional Geologist and member of Australian Institute of Geoscientists, and has supervised the preparation of this news release and has reviewed and approved the scientific and technical information contained herein. Mr. Gerteisen is a “qualified person” for the purposes of SEC Regulation S-K 1300.
About Nova Minerals Limited
Nova Minerals Limited is a Gold, Antimony and Critical Minerals exploration and development company focused on advancing the Estelle Project, comprised of 514 km2 of State of Alaska mining claims, which contains multiple mining complexes across a 35 km long mineralized corridor of over 20 advanced Gold and Antimony prospects, including two already defined multi-million ounce resources, and several drill ready Antimony prospects with massive outcropping stibnite vein systems observed at surface. The 85% owned project is located 150 km northwest of Anchorage, Alaska, USA, in the prolific Tintina Gold Belt, a province which hosts a >220 million ounce (Moz) documented gold endowment and some of the world’s largest gold mines and discoveries including, Nova Gold and Paulson Advisors Donlin Creek Gold Project and Kinross Gold Corporation’s Fort Knox Gold Mine. The belt also hosts significant Antimony deposits and was a historical North American Antimony producer.
Further discussion and analysis of the Estelle Project is available through the interactive Vrify 3D animations, presentations, and videos, all available on the Company’s website. www.novaminerals.com.au
Forward Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Nova Minerals Limited’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued exploration activities, Gold and other metal prices, the estimation of initial and sustaining capital requirements, the estimation of labor costs, the estimation of mineral reserves and resources, assumptions with respect to currency fluctuations, the timing and amount of future exploration and development expenditures, receipt of required regulatory approvals, the availability of necessary financing for the Project, the availability of funding sources, the availability of collaborative relationships, permitting and such other assumptions and factors as set out herein. Apparent inconsistencies in the figures shown in the MRE are due to rounding.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks related to changes in Gold prices; sources and cost of power and water for the Project; the estimation of initial capital requirements; the lack of historical operations; the estimation of labor costs; general global markets and economic conditions; risks associated with exploration of mineral deposits; the estimation of initial targeted mineral resource tonnage and grade for the Project; risks associated with uninsurable risks arising during the course of exploration; risks associated with currency fluctuations; environmental risks; competition faced in securing experienced personnel; access to adequate infrastructure to support exploration activities; risks associated with changes in the mining regulatory regime governing the Company and the Project; completion of the environmental assessment process; risks related to regulatory and permitting delays; risks related to potential conflicts of interest; the reliance on key personnel; financing, capitalization and liquidity risks including the risk that the financing necessary to fund continued exploration and development.
These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the final prospectus related to the public offering filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Nova Minerals Limited undertakes no duty to update such information except as required under applicable law.
For Additional Information Please Contact
Investor Relations:
Dave Gentry, CEO
RedChip Companies, Inc.
Phone: 1-407-644-4256
Email: NVA@redchip.com
Nova Minerals:
Craig Bentley
Director of Finance & Compliance & Investor Relations
E: craig@novaminerals.com.au
M: +61 414 714 196
– Published by The MIL Network
LiveNews: https://feedcreatorngin2.fifthestate.nz/2026/03/14/nova-minerals-engaged-ahead-of-high-level-critical-minerals-talks-with-u-s-president-donald-trump-2/
Source: GlobeNewswire (MIL-NZ-AU)
PERTH, Australia, Oct. 13, 2025 (GLOBE NEWSWIRE) — Paladin Energy Ltd (ASX:PDN, TSX:PDN, OTCQX:PALAF) (“Paladin” or the “Company”) advises that it has released its quarterly activities report for the three month period ended 30 September 2025 (“September 2025 Quarter Results”).
The Company has also released an accompanying presentation on the September 2025 Quarter Results.
The quarterly activities report and presentation are available on Paladin’s website (https://www.paladinenergy.com.au/investors/asx-announcements/).
For further information contact:
About Paladin
Paladin Energy Ltd (ASX:PDN TSX: PDN OTCQX:PALAF) is a globally significant independent uranium producer with a 75% ownership of the world-class long life Langer Heinrich Mine located in Namibia. In late 2024 the Company acquired Fission Uranium Corp. in Canada, resulting in a dual-listing on the both the ASX and TSX. With the integration of Fission’s operations, the Company now owns and operates an extensive portfolio of uranium development and exploration assets across Canada, which include the Patterson Lake South (PLS) project in Saskatchewan and the Michelin project in Newfoundland and Labrador. Paladin also owns uranium exploration assets in Australia. Paladin is committed to an ESG framework that ensures responsible, accountable and transparent management of the uranium resources the Company mines – both now and in the future. Through its Langer Heinrich Mine, Paladin is delivering a reliable uranium supply to major nuclear utilities around the world, positioning itself as a meaningful contributor to baseload energy provision in multiple countries and contributing to global decarbonisation.
– Published by The MIL Network
LiveNews: https://feedcreatorngin2.fifthestate.nz/2026/03/14/september-2025-quarter-results-2/
Source: GlobeNewswire (MIL-NZ-AU)
GLOWMODE x Kaela Tavares: Glow in Every Mode
SYDNEY, Aug. 21, 2025 (GLOBE NEWSWIRE) — Global fashion powerhouse SHEIN is making waves with GLOWMODE, a fusion of high-performance fabrics and all-day style, and content creator Kaela Tavares leading the celebrations.
Powered by innovative fabrics, sleek silhouettes and the confidence of comfort, the GLOWMODE design is formed for those training hard, lounging smart, or navigating the hustle in between.
The signature fabrics are engineered using next-gen textile technology, offering wearers high-performance functionality with an elevated fashion edge. Each material is tailored to a specific lifestyle moment; from high-intensity cardio to studio sessions.
Next Generation Fabrics:
FeatherFit: A buttery-soft blend made from high-quality nylon 66 yarn, delivering unmatched breathability and softness sees GLOWMODE designed in three variations – Warm, Air & Sculpt – FeatherFit transitions seamlessly between daily wear and tough sweat sessions.
PowerSculpt: Featuring an air-layered design and ultra-fine nylon yarn, this fabric is built to support and sculpt. Its quick-dry and ventilation technology ensures a cool, confident workout every time.
Silky-Smooth Modal: Luxuriously soft with a fluid drape, this fabric is your go-to for studio-to-street styling. Crafted for calm, worn for everything.
Everyday Fleece: Plush on the inside, lightweight on the outside. This fleece offers gentle warmth without weighing you down, ideal for casual wear or cool-downs.
CloudKnit: High elasticity meets pillow-soft texture. CloudKnit is made for lounging, layering, or low-key movement with supreme comfort.
Momentech Seamless: Lightweight, sweat-wicking, and chafe-free – perfect for medium-impact workouts like rowing or cycling.
GLOWMODE is not just about innovation, but also providing stylish options. The range includes sculpting zip-up jackets, supportive leggings, sports shorts, wide-leg leisurewear, and everything in between. It’s activewear that works as hard as you do, with the comfort to match and the aesthetic to elevate.
Kaela Tavares Leads the GLOW:
Bringing the GLOWMODE spirit to life, Kaela Tavares showcases how performancewear can feel powerful, look luxe, and remain effortlessly wearable, all with her signature vibrant energy and fitness-forward style. The campaign was officially launched with Kaela at an intimate SHEIN event in Coogee Beach on 19 August.
What’s more, GLOWMODE is heading to Bondi Beach for a one-time only giveaway on August 25. Keep an eye on SHEIN’s socials for the giveaway details.
GLOWMODE is available to shop now, by simply searching “GLOWMODE” in the SHEIN search bar to find a seamless blend of innovation and practicality.
Media contact: SHEIN@glowbored.com, +61 2 9059 2502, +61 7 3556 7756
– Published by The MIL Network
LiveNews: https://feedcreatorngin2.fifthestate.nz/2026/03/14/high-tech-comfort-meets-street-ready-style-sheins-glowmode-collection-2/
Source: Radio New Zealand
Liam Lawson has finished seventh in the Chinese Grand Prix sprint race at Shanghai. Photosport
Kiwi driver Liam Lawson has gained valuable Formula 1 points, finishing seventh in the sprint race, before Sunday’s Chinese Grand Prix at Shanghai.
Mercedes driver George Russell, who won at Melbourne last week, took out the sprint from Charles Leclerc and Lewis Hamilton.
Lawson started 13th on the grid, but gradually made ground during the 19-lap dash, moving into fifth with five laps to go, before losing a couple of places in the final two laps.
Driving on hard tyres, Lawson stayed out on the track, while others opted to pit.
His two points were his first this Formula 1 season, after finishing 13th at the Australian Grand Prix.
Lawson’s Racing Bulls team hailed his drive, but the Kiwi said the decision to use up a set of hard tyres in the sprint takes away an option for the Grand Prix.
“That is the problem,” he told Sky Sport. “We are one hard down and I think when we made the decision this morning we had to think about our speed.
“We tried to maximise today, take the advantage. Tomorrow will be hard for us to fight for the points.
“We need to find some speed, which we will try to do this afternoon [in qualifying], but yes, it potentially hurts us a little bit.”
The qualifying session starts at 8pm Saturday.
Russell held off the fast-starting Ferraris to stretch his championship lead to 11 points.
The Briton started on pole position at the Shanghai International Circuit and finished ahead of Ferrari duo Leclerc and Hamilton, after a late safety-car period.
Leclerc finished 0.674s behind Russell, after an earlier battle with Hamilton, as Ferrari had two cars in the top three of a Formula 1 race of any sort for the first time since 2024.
Hamilton and Russell battled for the lead early, with four changes in the opening five laps, before the Mercedes driver made a move that stuck and secured the eight points available for a sprint win.
Reigning champion Lando Norris finished fourth, with Mercedes’ Kimi Antonelli fifth, after serving a 10-second penalty for a clash with Red Bull’s Isack Hadjar on the opening lap.
Oscar Piastri finished sixth for McLaren, with Lawson seventh and Oliver Bearman taking the final point for Haas.
– Reuters/RNZ
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– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand
LiveNews: https://nz.mil-osi.com/2026/03/14/f1-kiwi-liam-lawson-among-points-in-chinese-grand-prix-sprint/
Source: Radio New Zealand
Corey Peters in action at the 2026 Winter Paralympics in Italy. © Photosport 2026 Jeff Crowe / Photosport
New Zealand’s Corey Peters has finished the Winter Paralympic with a fifth placing in the men’s giant slalom sitting, while compatriot Adam Hall has finished 22nd in the giant slalom standing.
Peters’ effort has left him without a medal at the Milano Cortina Games, but with three top-six finishes.
In conditions he described as challenging, after the slushy snow had salt added, Peters produced two clean runs, posting a combined time of 2m 18.12s in an event that saw only 19 of 37 athletes finish.
Peters, 42, had a tidy first run and held the early lead, after another good run in the second, but his time was overtaken by later skiers.
Italian world champion Rene de Silvestro won the event, with Dutchman Niels de Langen second and defending champion Jesper Pedersen of Norway third.
“I’m pretty happy, considering giant slalom isn’t my favoured event, but stoked to get down, and get another finish under my belt and another top five,” Peters said. “It was challenging conditions out there, so just to survive it was special.”
Peters, who won gold in the downhill sitting event at the 2022 Beijing Winter Paralympics, finished fifth in the downhill sitting and sixth in the Super-G sitting over the past week.
He has four Paralympics medals from past Games.
“For me to come away without a medal [here] is a little disappointing, but that’s sport.
“We can’t change the results now and it is going to take some slightly better skiing next time in order to get on the podium.”
Hall – like Peters, Wānaka-based – was competing in the giant slalom standing for the first time at a Winter Paralympics, since his debut at Torino 2006.
He had two clean runs in the event, which was a forerunner for his favoured slalom standing, scheduled overnight Sunday/Monday NZT.
“Doing this event was never about pushing for a podium, but to gain an insight and intel for what may lie ahead on Sunday in the slalom,” Hall said.
“Today was all about getting my head around the conditions and blowing away the cobwebs, before going all guns blazing in the slalom.”
Frenchman Arthur Bauchet was a dominant winner of Hall’s event.
Sign up for Ngā Pitopito Kōrero, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand
LiveNews: https://livenews.co.nz/2026/03/14/winter-paralympics-kiwi-corey-peters-finishes-fifth-in-last-event-at-milano-cortina/
Source: Radio New Zealand
FIle photo. 123RF
A New Zealand-born man, serving time in an Australian prison for killing a person when he drove while drugged, has won a fight to remain in his adopted country.
Nathan Brian Teraki was jailed for seven years in September 2024 after pleading guilty in the Brisbane District Court to the dangerous operation of a vehicle causing death while affected by an intoxicating substance.
He was said to be fatigued and taking “poor man’s meth” tablets when he killed a mine worker in the head-on collision.
His dashcam recorded him veering into the opposite lane nine times as he drove for another hour and 27 minutes before colliding head-on with a Toyota Hilux driven by Northern Territory man Leslie Noel Huxham.
At the time, Teraki tested positive for amphetamine, methamphetamine and the active ingredient of cannabis.
He faced a looming deportation order, but has succeeded in having it overturned, after Australian immigration authorities agreed to cancel an application to revoke his visa.
Teraki claimed he had become so stressed about events in his life, and after the tragedy in October 2022, he began self-harming by “pulling out his teeth”.
The process to cancel Teraki’s special category (temporary) visa began soon after he was convicted and sentenced.
Despite his appeal, authorities decided last December to continue down the path of cancelling the visa, because the Minister for Immigration and Citizenship was not satisfied that Teraki passed the character test.
But in a decision released this month, the Administrative Review Tribunal of Australia found that, after weighing all the evidence, factors in favour of reversing the decision to cancel his visa outweighed the alternative.
The tribunal said that while Teraki’s criminal conduct was “very serious”, as highlighted by the fact he killed an innocent person, his conduct in Australia otherwise was not, in the nature of systemic criminal activities, over an extended period of time.
Instead, his conviction arose when driving to work in circumstances where he was affected by drugs and should not have been driving.
While there was evidence of different criminal conduct from 2001 until 2003, when Teraki was living in New Zealand, there was no suggestion, let alone evidence that such conduct had been repeated in Australia, senior tribunal member Mark Harrowell said.
His record in New Zealand included common assault, possession of cannabis and utensils, burglary and breach of a community work order.
Teraki claimed he could not recall the assault charge or what had occurred.
The 44-year-old was born in New Zealand and arrived in Australia in September 2010 with his then-wife and two children.
Their third child was born after they arrived in Australia. The pair later separated.
Teraki had since faced a domestic violence order imposed by police in 2023, effective until August 2028, which contained a good behaviour condition.
Teraki, whose mother lived in New Zealand, said in his original revocation application he had not been back for eight years since there was nothing for him to return to.
“This is my first and only charge I have had and is really out of character for me,” he wrote.
Teraki wrote that he had been independent since an early age, and had lived with his grandmother during his teens.
He described his relationship with his mother as “good” and that they talked, and that she had offered him a place to stay with her.
However, he feared “returning to old habits” if sent back to New Zealand, and separation from his children, who were a “massive” part of his life.
He claimed to have been working too hard to hide his depression from his children since the death of his father in 2017, when he ought to have sought help instead.
A medical specialist’s report pre-sentencing described Teraki having a “major depressive disorder” which was both chronic and severe.
The court also noted his “chronic cannabis dependence”, alcohol abuse and “some symptomology consistent with post-traumatic stress disorder” and a previous history of methyl amphetamine use.
The PTSD was said to be partly related to Teraki’s early family history.
Teraki said he was working three jobs at the time of the fatal crash, to help pay the mortgage and support his family.
He started taking drugs to sleep and to be awake for work, and had taken them before driving to work on the morning of the crash.
He claimed to have started “pulling his teeth out”, because of everything that had happened, but was now getting help.
“I want my kids to look up to me, not down at me,” he wrote.
Teraki said since being in prison he had become completely drug-free, had stopped taking medication and “felt the best” he ever had.
He said he had “awesome support” from family and upon release he aimed to work full-time as a builder.
“I have to live with what happened that day and always will. But have changed my thinking and look at life,” Teraki wrote.
The tribunal concluded that it was not in dispute that Teraki failed the character test; the issue in the proceedings was whether there was another good reason why the cancellation of the visa should be revoked.
It considered his risk of re-offending as low, and his family ties and social links in Australia were “significant”, which all weighed in favour of reversing the decision to cancel his visa.
– This story originally appeared in the New Zealand Herald.
– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand
LiveNews: https://livenews.co.nz/2026/03/14/new-zealander-nathan-teraki-jailed-in-australia-over-fatal-crash-while-drugged-avoids-deportation/
Source: Radio New Zealand
Follow all the Super Rugby Pacific action as the Fijian Drua take on the Brumbies at 4R Stadium in Ba.
Kickoff is at 4.35pm.
Drua head coach Glen Jackson has named a strong line-up led by captain Frank Lomani, and featuring hometown favourites Joji Nasova and Isoa Tuwai.
Jackson has kept a consistent tight five, retaining the front-row trio of Haereiti Hetet, Zuriel Togiatama and Mesake Doge, and the locking duo of Mesake Vocevoce and Isoa Nasilasila.
Winger Ponipate Loganimaso returns to the team, following his recovery from an injury, but there is no place for former French international Virimi Vakatawa.
Super Rugby Pacific leaders Brumbies are heading to Ba with their first loss behind them, after they were beaten by the Reds at home last weekend.
Fijian heritage player Rob Valetini has been named in the starting line-up for his 100th Super Rugby game for the club.
Fijian Drua: 1. Haereiti Hetet, 2. Zuriel Togiatama, 3. Mesake Doge, 4. Mesake Vocevoce, 5. Isoa Nasilasila, 6. Etonia Waqa, 7. Motikiai Murray, 8. Elia Canakaivata, 9. Frank Lomani (captain), 10. Isaiah Armstrong-Ravula, 11. Ponipate Loganimasi, 12. Isikeli Rabitu, 13. Tuidraki Samusamuvodre, 14. Joji Nasova, 15. Iliasia Droasese
Bench: 16. Sairusi Ravudi, 17. Emosi Tuqiri, 18. Peni Ravai, 19. Vilive Miramira, 20. Kitione Salawa, 21. Isoa Tuwai, 22. Isaak Fines-Leleiwasa, 23. Iosefo Namoce
Brumbies: 1. Lington Ieli, 2. Billy Pollard, 3. Darcy Breen, 4. Nick Frost, 5. Toby Macpherson, 6. Tuaina Taii Tualima, 7. Luke Reimer, 8. Rob Valetini, 9. Klayton Thorn, 10. Tane Edmed, 11. Kye Oates, 12. David Feliuai, 13. Kadin Pritchard, 14. Corey Toole, 15. Andy Muirhead (captain)
Bench: 16. Liam Bowrn, 17. Blake Schoupp, 18. Tevita Alatini, 19. Lachie Shaw, 20. Rory Scott, 21. Ryan Lonergan, 22. Declan Meredith, 23. Hudson Creighton
Isikeli Rabitu of Fijian Drua during the round two. Darrian Traynor
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– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand
LiveNews: https://livenews.co.nz/2026/03/14/live-fijian-drua-v-brumbies-super-rugby-pacific/
Source: Radio New Zealand
The queue to get back into Wellington Central Library, after seven years, reaches around the also just-reopened Civic Square, past ongoing work at the Town Hall. RNZ / Samuel Rillstone
Thousands have queued – some for hours – to get back in the doors of Wellington Central Library, which reopened on Saturday, newly strengthened and renovated after being shut for seven years.
A ceremony was planned, with a ribbon-cutting, then music and story-telling performances throughout the weekend. The library, called Te Matapihi ki te Ao Nui, was open again for normal operations, from 10am Saturday.
The eye-catching building in central Wellington has been closed since March 2019, when it was deemed an earthquake risk, with significant work needed.
As the launch unfolded, former library staff member Jane Shallcrass told RNZ she never once would have expected thousands of people to be waiting outside the door for a library, but she was thrilled by the community support.
“To see the joy on people’s faces as they came up the escalator and realised the full glory of the new library, and I think to hear the music – that was really great, just wonderful. And that all these people are queuing two hours, for a library – not for a pop star or anything.”
Jane Shallcrass, at the opening. RNZ / Samuel Rillstone
Shallcrass worked at the central library when the Ian Athfield-designed building first opened in 1991 (the library itself has existed since 1893). But today she was back to perform in one of the choirs, and said the $217 million bill for the library project was money well spent.
Artwork by Māori artist Darcy Nicholas in the new Wellington library. RNZ / Mark Papalii
Te Ngākau Civic Square, next to the library, also reopened on Saturday, with new landscaping, seating, play areas and water features.
Wellington mayor Andrew Little said the milestone is a positive turning point for the central city.
He said as well as books, the library contains a variety of creative spaces, including an area with 3D printers and a CNC machine.
Andrew Little, at the official ceremony on Saturday. RNZ / Samuel Rillstone
“The area of town which the library is in has been kind of boarded up and shut down and difficult to move around for some time,” Little said.
“So with all the hoardings coming down and the library opening up and a place for people to come in their hundreds, it’s really going to make a big difference to that part of town.
“We’ve now got a space – or spaces – for people to come. They can come to the library, there’s a range of things they can do here, and they can go into the square and just enjoy, relax, meet, gather, protest – do whatever they want to do. The spaces are back.”
On another side of Civic Square, Te Whare Toi The City Art Gallery, which closed for construction work in June 2024, is scheduled to reopen later this year. While facing the gallery across the square, the Wellington Town Hall, which closed in 2013 as it was deemed earthquake-prone, could reopen next year.
Inside the library, earlier this month. RNZ / Mark Papalii
Creative spaces are a feature of the new Wellington library building, which RNZ toured earlier this month. Supplied
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LiveNews: https://nz.mil-osi.com/2026/03/14/thousands-queue-as-doors-open-at-revamped-wellington-library-after-seven-years/
Source: Radio New Zealand
10 years later, Corrections officer Duane Farrell has been awarded almost $95,000 in compensation. RNZ / Kim Baker Wilson
A Corrections officer was told to “shake off” his injury following an attack by a prisoner, and was later suspended for the incident and put on trial as the accused.
It was around this time that Duane Farrell also learned his life was under threat in his work, which had not been communicated to him by his employer.
Now, almost 10 years later, Farrell has been awarded almost $95,000 in compensation and lost wages after the Employment Relations Authority (ERA) found he had been treated unfairly while working for the Department of Corrections.
According to an ERA decision, on April 20, 2017, an inmate at an Auckland prison attacked Farrell from behind while he was moving him through the prison.
Farrell told his superior officers he believed he had suffered a significant injury and asked several times for an ambulance to be called to take him to hospital.
This was denied, and he was instead taken to the medical unit, where he was told by a nurse to “shake it off” and wait in the duty supervisor’s office before he was driven to the hospital by another Corrections officer.
In June and July 2017, information came to Corrections’ attention that there was a specific safety threat against Farrell, but Farrell was not informed.
On his return to work in August, he was rostered to work in the same unit in which he had been assaulted.
He told the authority he felt this was appropriate because of his familiarity with the other Corrections officers working there, the systems and the prisoners in that unit.
But that month, Farrell identified a security risk in the unit, which he reported.
Following an assessment, the prison director arranged for him to be moved to another unit that was deemed safe, as there was a potential threat to Farrell.
Later that month, he was promoted to senior Corrections officer and relocated to another unit.
But Farrell was concerned that the reason he was moved was not properly communicated to him, and he did not understand the nature or extent of the threat against him, leaving him fearful and on edge at work.
Farrell found out at a meeting in September that there was a “level 1 threat” made against him, which meant “life is under specific threat of an act of violence from an individual or group capable of carrying out the threat”.
He “felt sick” knowing he had been allowed to return to work in a unit where he could have been attacked again and Corrections had not told him.
“Farrell’s concerns about his safety at work and Corrections’ ability to keep him safe at work were escalating,” authority member Marija Urlich said in the decision.
“He felt his trust that his employer would keep him safe at work was breaking down.”
On November 16, Farrell attended a police interview regarding the earlier assault.
He was told the charges against the prisoner were likely to be dropped and that he would instead be charged, along with two other officers, for assaulting the prisoner.
In March 2018, Farrell was working in a unit holding vulnerable prisoners when an inmate threw urine at another officer, which splashed on Farrell.
Later that month, a prisoner asked to speak with Farrell while he was on duty.
He was then spat at, which resulted in “a spontaneous use of force” by Farrell.
That action was found to be inappropriate, and he was put on non-facing prisoner duties in the gatehouse.
In April 2018, Farrell was suspended from work after police charged him with the initial assault.
A trial took place, with the Crown alleging that Farrell and two other officers attacked an inmate after he hit Farrell.
He was acquitted of the criminal charge.
Farrell returned to work in 2022, completing a refresher course, then resumed duties in his usual work location. His concerns about an adequate, safe return to work continued.
Urlich found that Corrections failed to provide information in relation to serious threats to Farrell’s safety at work during 2017 and to provide a safe system of work after the assaults and injuries he suffered.
It also failed to fairly and reasonably place him on alternative duties and fairly and reasonably consider alternatives to suspension.
“He said he felt punished for doing his job and felt he had been left out of the loop about information that was pertinent to his safety,” Urlich said.
“His understandable alarm and distress to learn the threat against him personally had been assessed by Corrections at the highest level and that this information had not been provided to him, or why, has amplified his fear of threats to himself and his family and made him feel on edge at work.”
Corrections was ordered to pay Farrell $60,000 in compensation, $25,000 in general damages and $9500 in lost earnings.
It was also ordered to pay a $4000 penalty to the Crown.
A Corrections spokesperson told NZME it was still considering the determination and its next steps.
Farrell did not respond when approached for comment.
This story originally appeared in the New Zealand Herald.
– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand
LiveNews: https://nz.mil-osi.com/2026/03/14/corrections-ordered-to-pay-officer-duane-farrell-94k-after-failures-following-prison-hit-threat/
Source: Radio New Zealand
Saving fuel could mean taking simple steps like carrying less weight, driving safely and checking tire pressure. RNZ / Dan Cook
The Automobile Association is advising people to take steps that could help save fuel as the Middle East conflict bumps up prices.
Principal advisor Terry Collins said people can use less fuel by driving safely, checking tire pressure and taking fewer trips.
“Getting the car up to operating temperature … doing all those trips in one go coming back you’re saving fuel.”
Prices have been going up because of the volatility on the wholesale market caused by the conflict in the Middle East following the US-Israel strikes on Iran.
Collins said saving on the cost of fuel can come down to taking simple steps like carrying less weight in the car.
“Don’t drive all week with extra weight unnecessary like golf clubs or other things in your car that aren’t doing anything other than sitting in there. Weight will always make you use more fuel.”
Collins advised people to take a roof rack off their car, as it will make the aerodynamics of the vehicle better.
Checking tyre pressure was also on the list to save fuel, as he said it can decrease in colder weather.
He is also urging people to use an app, like Gaspy, to find the cheapest petrol station near them.
“It’s a homogeneous product which means basically its the same where ever you get it and so buying it by the cheapest price is the best smartest thing to do.”
Since the start of the conflict the price of oil has almost doubled from where it was at the start of the year.
The ripple effects of the price increase has also been the potential for inflation across a wide range of goods and services.
This week demand on Gull’s discount day left some of its petrol stations running low on fuel.
Gull stations in Auckland have run out of petrol at some locations, including this one in Sel Peacock Drive in Henderson. 12 March 2026. RNZ/Calvin Samuel
Gull said 3 percent of its sites had not been able to meet the extra demand from customers when it cut prices on its regular Thursday promotion.
Emeritus Professor in Climate Mitigation and Sustainable Energy at Massey University, Ralph Sims, had previously given similar advice to drivers on saving fuel as prices spiked.
“Most people don’t understand how to drive a car efficiently. I see people accelerate to a red light and then brake heavily, and if you’re running on low tyre pressures, it consumes much more fuel,” Sims said.
He also suggested the government do a national education campaign on fuel-saving tips like avoiding heavy braking, checking tyre pressure, and taking things that add weight, like a roof rack, off their vehicle when they are not needed.
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LiveNews: https://nz.mil-osi.com/2026/03/14/carry-less-weight-and-check-tyre-pressure-aas-advice-to-save-fuel/
Source: Radio New Zealand
Gisborne District Council agreed to purchase land at 275 Lytton Rd for $6.65 million (loan-funded) last year, with plans for a possible Regional Transfer Station and Resource Recovery Centre. Wynsley Wrigley
Gisborne is a step closer to taking control of regional waste, but some district councillors expressed “discomfort” over the process.
Councillors voted on a preferred site for developing the regional Refuse Transfer Station and Resource Recovery Centre at a council meeting on Thursday.
The 275 Lytton Road site was the recommended option in the council report and “the strongest” according to technical and financial assessments.
However, a mana whenua group, Te Kuri a Tuatai Marae, opposed the site, which was close to their marae.
Confirming the preferred site allows council staff to move into the next planning stages, involving a detailed concept design, cost refinement and a business case.
Māori ward councillor Nick Tupara said the council had not been “the best neighbour” to Rongowhakaata, Ngāi Tāwhiri and Te Whānau a Iwi for some time.
Te Kurī ā Tuatai Marae representatives expressed concerns about the site’s proximity and its visual impacts and prospects of noise, odour and increased traffic, potential effects on the Waikanae Awa, and the wider historical context of waste management in the area, according to the council’s meeting report.
There were ongoing legacy matters on environmental remediation, such as the former Paokahu landfill, which had “influenced perspectives”.
“A key message from marae representatives was: ‘Why address new waste infrastructure when historic waste impacts remain unresolved?’” the report reads.
Tupara voted against the report, along with Māori ward councillors Rhonda Tibble and Anne Huriwai, and general ward councillors Debbie Gregory and Samuel Gibson.
Gregory said the report was “bittersweet” to read. It was her “dream” to see the facility realised.
“I hate to delay anything as cool as this, but in my heart I can’t say yes at this point.”
Both Tibble and Gibson said they felt the “discomfort” in their “puku”.
Delaying the project would result in foregone savings estimated at $1.5 million to $3.2m per year, which would increase over time, the report reads.
“Previous analysis identified an estimated $8.7m capital cost advantage compared with a new Greenfield facility, with further modelling confirming ongoing system‑wide benefits from council ownership.”
Gisborne’s current supply chain for waste creates “market inefficiencies, increased costs, and poor sustainability incentives”, a presentation slide read.
Residents pay $527 per tonne of general waste disposal at the Gisborne Refuse Transfer Station, compared with the national average of $220-$430 p/t.
The cost to the region is estimated to be $12m per year and was forecast to be $16m per year by 2033.
Mayor Rehette Stoltz and Māori ward councillor Rawinia Parata “hesitantly” and “tentatively” supported the paper, and deputy mayor Aubrey Ria said it had caused her much “āmaimai” (anxiety).
Mayor Rehette Stoltz. RNZ / Angus Dreaver
Stoltz said she had seen the council go “above and beyond” the Treaty compass to make sure it was not a transitional relationship.
“If we decide today to move this forward, we will do better, and we will keep the door open to focus on improving that relationship.”
Parata said she was interested in the pathways of improving, beautifying and supporting the surrounding areas.
As part of the next phase of work, the council would prioritise a governance-led “best neighbour” approach, according to the council report.
This included environmental protection and enhancement beyond minimum compliance, and design and operational controls that would minimise noise, odour, litter, traffic and visual effects.
Ria said her vote of support did not “predetermine” her decision that the final confirmation of the site was “set in stone”.
She was “willing to take the risk of the further expense” and hoped for “some progression in [council’s] kōrero with hapū and marae”.
She asked whether the transfer station would also go out for consultation with the Waste Management and Minimisation Plan, which had been adopted for consultation at the meeting.
Chief executive Nedine Thatcher Swann confirmed that the council would “use the same channels to get the information out at the same time”.
Councillor Larry Foster said he was “totally happy” to move the report, which councillor Alexander Boros seconded.
He was sure most of the community would support the decision.
“To have a facility that we can totally recycle and utilise our waste is absolutely awesome.”
Chief adviser of Māori partnerships Gene Takurua said he did not want to “challenge or disrespect” the position of marae, hapū and iwi, but did not think the council got to engage or discuss “the real kaupapa” and “opportunity at hand”.
This was because of the legacy issues that continued to impact the surrounding area, Rongowhakaata iwi and the hapū concerned.
Opportunity was provided for the marae and Rongowhakaata Iwi Trust to “sit as equal partners” and be recognised for time, effort and contribution.
“Hand on heart, I feel that we certainly aligned with our Treaty requirements and responsibilities in terms of our attempts.”
The council report states that further sites had been explored; these sites either could not support future growth, recycling and recovery initiatives, posed significantly higher operational costs, or were not suitable for the Regional Resource Centre.
The Lytton Road site was the only site within council ownership that could be progressed without significant delays, rework or additional land acquisition.
The site options were 75 Innes Street (status quo), 275 Lytton Road and a greenfields site in the vicinity of Gisborne City.
The recommended option voted on by councillors meant the council would continue to “actively invite mana whenua engagement, including opportunities to participate in design refinement, environmental enhancement, monitoring and ongoing dialogue”.
LDR is local body journalism co-funded by RNZ and NZ On Air.
– Published by EveningReport.nz and AsiaPacificReport.nz, see: MIL OSI in partnership with Radio New Zealand
LiveNews: https://nz.mil-osi.com/2026/03/14/gisborne-councillors-back-waste-hub-site-despite-mana-whenua-opposition/
Source: Radio New Zealand
RNZ
Got questions? RNZ has launched a podcast, No Stupid Questions, with Susan Edmunds.
We’d love to hear more of your questions about money and the economy. You can send through written questions, like these ones, but even better, you can drop us a voice memo to our email questions@rnz.co.nz
You can also sign up to RNZ’s new money newsletter, ‘Money with Susan Edmunds’.
No matter what mental gymnastics I do in my head and what calculators I use, I can’t work out how to maximise growth as I head towards retirement. Am I better off increasing my KiwiSaver contributions, or should I increase my mortgage repayments to minimise interest and term? It’s probably down to one’s own situation, but are there examples where one might be a better option than the other?
You’re right that it depends a lot on your own situation, and also your personality.
I talked to Rupert Carlyon, founder of Kernel KiwiSaver about this.
He points out that when you pay off your mortgage, you’re guaranteed a five percent taxfree return (or whatever interest rate you would otherwise be paying). As long as you keep paying, there is pretty much no risk that you won’t save yourself pretty significant sums of money in the long run by paying off your mortgage.
“With a KiwiSaver growth fund you may get a return of five percent to eight percent over a 10-year period,” he said.
“The returns from the market may be higher than that – though they may also be lower”.
He said you would also need to manage the downside risk. What would happen if your KiwiSaver fund did not perform as expected or lost money?
“If a member is a long term investor and plans to remain invested for at least eight to 10 years – then the probability of achieving an eight percent to 10 percent return with the KiwiSaver are higher than if they are a short term investor. If they need the money inside that time horizon – there is a significant chance of a market downturn and potentially the investment loses money – that is why the client should be in a balanced or conservative fund, and it is very unlikely that a balanced or conservative fund outperforms the mortgage over the medium term.
“If the person wants to maximise and is able to afford to take a little more risk – then potentially a KiwiSaver growth fund is the right answer. Though it depends on their time horizon and appetite for risk.”
You’ll need to weigh up how much you stand to save by paying off your home loan, what you will do once you’ve done that, and what sort of investment returns you can expect to get over the same period.
I know some people put all their money into clearing their mortgage and then plan to invest afterwards. This does reduce the amount of time you have for returns to compound, and relies also on you having the personality to actually do it.
If you can go into retirement with a mortgage-free home, that’s likely to reduce your stress quite significantly.
Can you advise me, I am getting NZ Super this year and will continue working. Which one should be secondary tax? I pay market rent and am single.
This will depend on how much you are earning from your job.
You should choose a main income tax rate for which ever income source gives you more. If you earn more than you get in NZ Super, you should have NZ Super as your secondary income. But if NZ Super will be more, you should switch your other income to a secondary tax code.
You won’t pay more tax overall for having a secondary tax code, but the addition of extra income will increase your overall tax bill which means more may need to be taxed at higher rates.
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LiveNews: https://nz.mil-osi.com/2026/03/14/should-i-pay-off-my-mortgage-or-save-for-retirement-ask-susan/
Source: Radio New Zealand
L. Sgt. Haane Manahi DCM photographed by George Bull in 1943. George Bull
The whānau of a Māori Battalion soldier hope a new film about his exploits in Tunisia during the Second World War will see him finally receive the Victoria Cross.
L. Sgt. Haane Manahi DCM (Te Arawa, Ngāti Raukawa) joined B Company, 28th Māori Battalion shortly after the outbreak of the Second World War, he fought in Greece, Crete and North Africa. It was during the North African campaign in Tunisia that he confirmed his attributes as an outstanding leader and soldier.
According to his biography on Te Ara the Encyclopedia of New Zealand, he was in a platoon from the Māori Battalion that was ordered, in April 1943, to capture and secure the Takrouna feature – a steep, rocky outcrop rising almost a thousand feet above a group of olive groves.
It was occupied by 300 Italian and German troops, who were causing havoc to the advancing Allied army. The assignment was extremely dangerous and difficult due to heavy mortar and small arms fire, and by the morning after the initial attack on 20 April, Manahi’s platoon of around 30 men was reduced in strength to 10. Manahi then led a party of three men up the western side of the pinnacle.
In order to reach their objective they had to climb some 500 feet – the last 20 feet almost sheer. After a brief fight, some 60 enemy surrendered. Manahi and his party were then joined by the rest of the platoon and the pinnacle was secured.
Donna Morrison and Anaru Grant Jr. Supplied
Dr Donna Morrison is a producer of the new film and one of Haane Manahi’s nieces.
“Having the opportunity to travel with a small group to Takrouna in 2007, it really heightens an understanding when you see the citadel that is Takrouna. It has a 360 viewpoint of any approaching enemy. It is a magnificent landscape feature that really humbles you when you look at it because it is such an outstanding feature of the Tunisian landscape,” she told Māpuna.
Morrison said only two weeks prior to Manahi’s deeds of valour fellow Māori Battalion soldier Te Moananui-a-Kiwa Ngārimu was posthumously awarded the Victoria Cross for bravery, determination and outstanding leadership.
Following the battle at Takrouna, Manahi was recommended for a Victoria Cross, but was instead awarded a Distinguished Conduct Medal.
“Most pivotal and critical in this is that on the final night, Uncle Haane himself personally oversaw the bringing down of the wounded and the dead. It just tells me so much about Uncle Haane, the man. And that in itself is deserved of VC consideration,” she said.
Growing up Morrison never knew of that aspect of “Uncle Haane,” she remembers instead staying at his batch at Maketu and as her swimming coach a “hard taskmaster.”
During his lifetime Manahi did not want the VC reinstated, but once he passed in 1986 Sir Charles Bennett worked towards it on behalf of all of Te Arawa, she said.
“[Uncle Haane] didn’t want to fuss and bother. He thought everyone who went away deserved the VC. That was the man that he was.”
Although official policy did not allow for review of Second World War honours, in October 2006 Buckingham Palace agreed to present a personal letter from Queen Elizabeth II recognising his gallantry, a ceremonial sword and an altar cloth for St Faith’s Church, Ōhinemutu.
Morrison believes there is still merit in His Majesty King Charles restoring the VC to Manahi.
“The goal, albeit audacious, is something that I believe that King Charles may want to at least review.
“Perhaps the film will help to speed that process up. But I believe it is achievable with the right people, the right resources, at the right time.”
The film Sgt. Haane releases nationwide in theatres on April 23. Morrison encouraged whānau of soldiers to bring photographs of their own to the theatre as a joint commemorative opportunity.
Sgt. Haane is directed by Tearepa Kahi (Muru, Poi E: The Story of Our Song, Mt. Zion) with Alex Tarrant (The Lord of the Rings: The Rings of Power, NCIS: Hawaiʻi, DMV) as Haane Manahi.
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LiveNews: https://livenews.co.nz/2026/03/14/whanau-of-maori-battalion-soldier-hope-film-will-see-him-receive-victoria-cross/