North Australia Digest – 10/12/2012

by 10 December 2012

The Australian

Australian gas producers may have to settle for lower export prices due to the worldwide expansion of the gas production industry. Analysts have warned that some of Australia’s more costly projects in the $200 billion dollar liquefied natural gas pipeline were becoming “increasingly vulnerable” following a landmark deal between Kansai Electric Power and BP – the first contract in Japan to be linked to gas rather than oil prices. The news is [...]

North Australia Digest – 7/12/2012

by 7 December 2012

The Australian

More bad news could be on the cards for Chevron’s Gorgon gas project. The company yesterday announced that costs at the massive liquefied natural gas venture in north Western Australia have blown out by $9 billion due to soaring wage bills, logistics issues and bad weather.             

A respected UBS economist has tipped a rise in growth and a return to commodities-intensive infrastructure investment in China next year. Wang Tao, [...]

Article – Mrs Gina Rinehart – “Changes we need to make our country rich” – Australian Resources and Investment Magazine

by 6 December 2012

Over the last few years, I have become increasingly concerned about the direction of Australia. I have written of my concerns in Australian Resources and Investment on the basis that they would not change what I was saying. With other concerned people, I also founded Australians for Northern Development and Economic Vision (ANDEV), which aims for policies to invigorate our sparsely populated north has an engine for growth, revenue and opportunities.

On 22 November this [...]

North Australia Digest – 6/12/2012

by 6 December 2012

The Australian

The mining boom continues to drive a wedge between the economic performance of the states, but the disparity is collapsing as the mining boom slows. Western Australia remained the engine of the economy over the three months to September. ANZ economists observed growth contracted sharply in Queensland and South Australia. “The likelihood a number of mooted coal developments will be either delayed further or cancelled has increased, suggesting that investment in the [...]

North Australia Digest – 5/12/2012

by 5 December 2012

The Australian

Lang Hancock’s vision of linking the coalfields in the east with mines in the west via rail has taken a step toward reality with a feasibility study being conducted by a top Japanese consultancy. The Nomura Research Institute has agreed to participate in the early stages of the multibillion-dollar project Iron Boomerang, which also involves the consulting arm of Britain’s Tata Steel. The idea of building a railway across Australia’s top end [...]

North Australia Digest – 4/12/2012

by 4 December 2012

The Australian

Indigenous lives have improved as a result of mining agreements in the Pilbara according to the Chair of Australian Indigenous studies at Melbourne University, Marcia Langton. Speaking to the annual Indigenous Business Enterprise and Corporations Conference in Perth yesterday Professor Langton said some 3000 Aborigines were employed as a direct result of the mining industry in the North Western Australia.

A report released yesterday by BIS Shrapnel, Mining In Australia 2012 to [...]

North Australia Digest – 3/12/2012

by 3 December 2012

The Australian 

Environment groups have formed a “council of war” to combat business and state government moves to cut green-tape. The Business Council of Australia has led the charge for cutting green-tape with claims it jeopardises $900 billion of projects. “It is not about reducing the environmental protections which are important to protect out natural heritage”, according to BCA chief executive Jennifer Westacott. Green groups claim COAG’s green-tape reform process has gone too [...]

North Australia Digest – 30/11/2012

by 30 November 2012

The Australian 

BHP Billiton chairman Jac Nasser has told shareholders that global economic problems will take time to be resolved and warned China’s growth was slowing. Speaking at BHP’s annual meeting, Mr Nasser said despite the bleak short term outlook, further urbanisation and industrialisation in China would support growth in demand for commodities.

Rio Tinto is set to cut US$7 billion from its cost base over the next two years with Australian [...]

North Australia Digest – 29/11/2012

by 29 November 2012

The Australian

Australia’s rising costs in coal production, driven by the carbon and mining taxes and state royalty hikes have been a major boost for coal producers in the United States, according to American coal giant Alpha Natural Resources.  The group’s vice-president of investor relations, Todd Allen told a conference in the US that Australia, long thought to be at the low end of production costs for metallurgical coal – used in steelmaking – [...]

North Australia Project – 28/11/2012

by 28 November 2012

The Australian

Attorney-General Nicola Roxon has axed funding for a scheme that provides legal representation for Native Title claims to pastoralists. The plan has attracted the ire of groups including the NT Cattlemen’s Association, the Pastoralists and Graziers Association of WA and AgForce Queensland, who believe the cessation of funding will mean native title claims will end up in protracted court cases instead of being settled by consent.

WA premier Colin Barnett has [...]