Article – First in 30 years: Amadeus Basin oil production licence granted to Central Petroleum

by 27 February 2014

25 February 2014 ABC News

The Northern Territory Government has approved its first onshore petroleum licence in more than 30 years.

The Surprise oil field in the Amadeus Basin was discovered two years ago.

Central Petroleum has been given a 25-year production licence to extract oil from the site near Kintore, west of Alice Springs.

The Central Land Council, acting for traditional owners of the area, approved the project in December.

The company says it [...]

Article – BGC wins $60m Roy Hill iron ore contract

by 27 February 2014

26 February 2014 Cole Latimer Ferret

BGC Contracting has won a $60 million contract to supply ballast for Roy Hill’s railway system.

The contract will see BGC provide more than one million tonnes of ballast from its Elazac Quarry, near Port Hedland.

Commenting on the win, BGC CEO Greg Heylen said the company’s work delivering ballast to the nearby Fortescue Metals and BHP Billiton railway lines over a number of years had been a major [...]

Article – Australia’s Rinehart nears $7.8 bln mine finance deal

by 27 February 2014

26 February 2014 Sharon Klyne, Joyce Lee and Prakash Chakravarti Reuters

Australian billionaire Gina Rinehart’s Roy Hill iron ore project is close to finalising a $7.8 billion financing deal, sources said, a vital step towards an end-2015 start for the giant mine in Western Australia’s iron-rich Pilbara district.

The 55-million tonnes-a-year project, which would make Roy Hill Australia’s fourth-largest iron ore producer, will add to hefty new supplies coming on line from Rio [...]

Article – WA leaders plan joint submission to northern white paper

by 26 February 2014

25 February 2014 ABC News

Leaders from Western Australia’s Pilbara, Kimberley and mid-west have met their eastern counterparts to swap notes on developing northern Australia.

Regional Development Australia (RDA) committees from WA, Queensland and the Northern Territory attended the recent Northern Australia Alliance Forum in Darwin.

The alliance is planning a joint submission to a northern white paper the Commonwealth Government is developing.

RDA Pilbara chairwoman Fiona White-Hartig says the alliance has shared goals on [...]

Article – NT eyes investors for Darwin port

by 26 February 2014

24 February 2014 Angela MacDonald-Smith Stock & Land

Over the weekend, the NT gov­ernment appointed investment bank ­Flagstaff Partners to devise a strategy for introducing private investment into the port, although Mr Giles rejected suggestions the targeted restructuring constituted a sell-off.

“We’ll look at capital opportunities, with a view to long-term leasing,” said Mr Giles before leaving for Vietnam, the NT’s second-biggest live cattle market, to talk about the plan.

“We are actively looking for [...]

Article – Foreign labour call

by 26 February 2014

24 February 2014 Renee Viellaris Townsville Bulletin

TAX breaks should be ruled out for Northern Australia and businesses should be able to hire more foreign workers, says lobby group the Chamber of Commerce and Industry Queensland ( CCIQ).

It has urged a reversal of the tough migration restrictions imposed by the Labor government in 2013 and a massive investment in infrastructure.

The Abbott Government is holding an inquiry into the economy in Northern Australia, which [...]

Article – Myanmar’s Thilawa Special Economic Zone (SEZ) To Sell Shares In March And Raise Funds For Construction

by 21 February 2014

20 February 2014 Sophie Song International Business Times

Shares of Myanmar’s Thilawa Special Economic Zone will go on sale next month, in a bid to raise the $21 million necessary for funding the first phase of construction of the much-anticipated SEZ near Yangon, the financial center of Myanmar.

The plan was announced on Wednesday at a news conference by Set Aung, a government official who is also chairman of the Thilawa SEZ Management [...]

Article – Indonesian Government Mulls Setting Up New Special Economic Zones

by 21 February 2014

19 February 2014 BERNAMA

Coordinating Minister for Economic Affairs Hatta Radjasa said the Indonesian government is currently considering to set up three new special economic zones.

The three eligible areas are Tanjung Apiapi in South Sumatra province, Mandalika in West Nusatenggara and Morotai in North Maluku, Indonesian news agency ANTARA reported.

Hatta said all three areas have potential to become economic zones as they meet the required regulations: eligibility of land, investor, infrastructure, and spatial [...]

Article – Kimberley aquaculture zone given environmental green light

by 21 February 2014

19 February 2014 Tyne McConnon ABC Rural

An aquaculture zone which will significantly increase fish production off the Kimberley coast in Western Australia is one step closer after it received environmental approval.

The Environmental Protection Authority (EPA) has given the green light for a Kimberley Aquaculture Development Zone north west of Derby.

The WA state government expects the 2,000 hectare zone could produce up to 20,000 tonnes of fin fish like barramundi per year.

The [...]

The “Long Boom” Begins: Northern Development in 1950’s Australia

by 21 February 2014

21 February 2014 Kerriann Lock

The 1949 election of Robert Menzies as Prime Minister ushered in the “long boom” – over two decades of development, economic growth, low unemployment rates, and rising standards of living. All Australians, including those working and residing in the North, were able to benefit from the newly-created Department of Trade, which negotiated several key agreements with export partners that boosted overseas market earnings, particularly in the agricultural sector.

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