Article – For Karratha once there was nothing but blue sky but future uncertain

by 30 December 2013

28 December 2013 Georgia Wilkins The Age

As the mining boom slows, Western Australia’s ‘City of the North’ looks to the future.

The town of Karratha, at the centre of Australia’s iron ore and natural gas boom, is facing a pivotal moment, as a rush of money from royalties floods in just as the mining boom starts to recede.

But the impact of the slowdown on the town is being challenged by officials [...]

Article – Roy Hill ticks off milestone

by 27 December 2013

26 December 2013 Nick Evans The West Australian

Gina Rinehart’s massive Roy Hill iron ore project closed out Christmas in style, as another global export credit agency ticked off on debt funding for the 55-million-tonne-a-year iron ore project.

A statement released by Korea Trade Insurance Corporation (K-Sure) this week said the credit agency had approved $US1.2 billion in financing for the project.

The announcement takes debt funding to at least $US2.9 billion, with only Japanese [...]

Article – Shanghai PFTZ: the Facts

by 24 December 2013

What’s new for foreign investors? Foreign-Invested Enterprises (FIEs) enjoy the same treatment as Chinese companies throughout the pre-establishment period of their business. They can set up without approval of the Ministry of Commerce, as long the industry is not on the Negative List.

What is the basic filing and registration process for FIEs in the Shanghai PFTZ? The application process to begin operating in the PFTZ is surprisingly simple, especially for China standards: [...]

Article – Economic experiment shows limits of NKorean change

by 23 December 2013

10 December 2013 Eric Talmadge Associated Press

RAJIN, North Korea (AP) — Many of the ways in which this dusty, windswept area differs from most of North Korea are easiest to see at night.

Although there are traffic lights in other cities, the ones here in the Rason Special Economic Zone actually light up. The avenues are broad and paved, and along the main street, colorful, decorative lights outline the edges of [...]

Article – Rinehart Roy Hill backers give $368m

by 23 December 2013

21 December 2013 Nick Evans The West Australian

Gina Rinehart’s equity partners in the Roy Hill iron ore project have kicked in another $368 million as global export credit agencies approved the first steps of the company’s massive debt raising.

Documents filed with the Australian Securities and Investments Commission show the pace of the equity draw-downs at the project is accelerating as work on site ramps up.

ASIC records from October show Mrs Rinehart’s partners, [...]

Article – US Bank Approves Loan to Rinehart’s Roy Hill Project

by 23 December 2013

19 December 2013 Stephen Bell Dow Jones News

PERTH, Australia–Roy Hill Holdings, majority owned by Gina Rinehart’s Hancock Prospecting unit, has won the backing of a U.S. credit agency for its proposed US$10 billion iron ore mine in Western Australia state’s Pilbara region.

The Export-Import Bank of the United States approved a US$694.4 million loan to Roy Hill, which has started early construction work for its proposed mine producing 55 million metric tons of [...]

Article – US Export-Import Bank kicks in $790m to Rinehart’s Roy Hill project

by 23 December 2013

21 December 2013 Andrew Burrell The Australian

AS the clock ticks towards Gina Rinehart’s end-of-year deadline to win debt funding for her huge $10 billion Roy Hill iron ore project in the Pilbara, the US Export-Import Bank has delivered her a major boost by kicking in almost $US700 million ($790m) in loans.

The bank’s decision came two days after the Korea Export-Import Bank agreed to provide $US1bn in debt and as other Asian institutions reportedly [...]

Article – Gina Rinehart’s Roy Hill project gets backing from US government agency

by 20 December 2013

20 December 2013 Peter Ker Sydney Morning Herald

Gina Rinehart’s Roy Hill joint venture is a step closer to reality this morning after a US government agency agreed to lend $US694.4 million ($784 million) to the giant iron ore mine, port and rail project in Western Australia.

In its final decision on the matter, the Export Import Bank of the United States found the loan could support up to 3400 US jobs by [...]

Article by Mrs. Rinehart in Australian Resources & Investment Magazine:Seeking Debt-defying Change

by 19 December 2013

Mrs. Gina Rinehart Australian Resources and Investment, vol.7 no.4

While Australia’s new political leadership and a few from our business community were working at APEC CEO Summit, recently held in nearby Bali, the country’s media was obsessed with what seems trivial when compared to our extraordinary debt challenges.

You can’t help but think there’s almost a sense of denial that we may have a problem. Instead, our country is being focused on the [...]

Video – Julian Malnic introduces ANDEV and Special Economic Zones at November 2013

by 19 December 2013

19 December 2013 ABN Newswire

Julian Malnic, Chairman of the Sydney Mining Club, introduces ANDEV and Special Economic Zones (SEZ’s) to investors over dinner in the Sydney Sky Tower.

ANDEV co-chair Imants Kins, who attended the event as a guest, also appears on the video. Mr Kins was able to brief Julian Malnic about SEZ’s at length, and was also due to speak, but unfortunately the investorium ran out of time.

The event presented opportunities [...]