Article – Iron ore slump hits junior miners hardest

by 23 July 2014

15 July 2014 Marty McCarthy ABC Rural

A commodities expert says some Northern Territory iron ore producers may be struggling to stay afloat, despite a stable iron price because they are too small.

The price of iron ore is sitting around $96 dollars a tonne, down from around $130 in January.

Mark Pervan, the head of commodity research at ANZ, says that price is actually considered good by larger producers in the Pilbara, but not [...]

Article – India’s coal shortage a boon for Australian miners

by 23 July 2014

15 July 2014 Vicky Validakis Australian Mining

In what could be good news for Australia’s coal industry, India’s power plants are running out of stock, forcing the country to increase its import levels.

India already imports 20 per cent of its coal requirements and shipped in 152 million tonnes of coal last year.

However rising electricity demands are putting an increasing strain on local production, with state-run Coal India Limited (CIL) asked to up its output [...]

Article – Export income set to rise

by 23 July 2014

14 July 2014 Hailey Renault North West Star

AS CONFIDENCE builds for Queensland’s export industries, the slump in copper prices this year is forecast to continue.

This is despite Townsville-based Senator Ian Macdonald saying statistics released by the Bureau of Resources and Energy Economics yesterday on Australia’s energy exports provided further proof of Northern Australia’s contribution to the nation’s wealth.

Export income is expected to rise in 2014-15 off the back of growth in iron [...]

Article – A Japanese Hamlet Is Now an Economics Lab

by 23 July 2014

17 July 2014 Keiko Ujikane Business Week

Tomiyoshi Kurogoushi sighs as he looks over the terraced rice fields that generations of his family tended in the mountains of central Japan. Most are now covered in weeds and grass. The area of land Kurogoushi still farms in Yabu, Hyogo prefecture, has shrunk to a small plot around his house where he and his wife, Yoko, grow potatoes, cabbages, and carrots to feed themselves and his mother. [...]

Article – Chinese buyers for Kimberley sugar mill

by 23 July 2014

16 July 2014 Tyne McConnon ABC Rural

The Chinese company developing the second stage of the Ord irrigation scheme in Western Australia, has bought the old Kununurra sugar mill.

Kimberley Agricultural Investments (KAI) is currently developing 13,400 hectares of irrigated land and has purchased the sugar mill which sits on a 19 hectare block.

The property is currently being used as offices and has not been a working mill since the collapse of the local [...]

Article – Pilbara expansion boosts Rio Tinto iron ore output

by 23 July 2014

16 July 2014 Cecilia Jamasmie

Giant miner Rio Tinto (ASX:RIO) said second-quarter iron-ore production increased 11% in its fiscal first half, after expanding several vast mines in the remote Pilbara region of Western Australia, despite weak prices of the steelmaking ingredient.

The world’s second-largest mining company’s produced 139.5 million metric tons of iron ore in the six months through June, while its shipments rose 20% to 142.4 million tons.

“Our iron ore expansion continues to deliver [...]

Article – Carbon tax axing tipped to help keep farmers ‘profitable’

by 23 July 2014

18 July 2014 ABC News

The Pastoralists and Graziers Association (PGA) of WA says the abolition of the carbon tax will improve the competitiveness of Australian producers in the international market.

The lobby group says the tax placed unnecessary imposts on primary producers and negatively impacted farmers’ bottom line.

PGA president Tony Seabrook says repealing the tax will have a significant impact on the profitability of agriculture.

“There’s a massive competitive world out there,” he [...]

Article – Barges to solve big problem

by 22 July 2014

14 July 2014 Ben Leahy and Nick Evans The West Australian

Trans-shipping companies are targeting Port Hedland Ports major players as well as mining juniors as part of their push to win a toe-hold at the world’s biggest iron ore export terminal.

With space at the port limited, a number of the Pilbara’s iron ore juniors have been pushing for development of new berths at Lumsden Point to allow barges to transfer ore to bigger [...]

Article – Special economic zones could work for Northern Australia: World Bank economist

by 22 July 2014

David Sparkes Business Acumen

A WORLD Bank senior economist says Northern Australia could host two or three special economic zones to tap into the economic growth expected in Asia this century.

Douglas Zhihua Zeng said there was no reason Australia’s political system should be an obstacle to the move and special economic zones (SEZ) had already been successful in other democratic countries.

Australia currently has no special economic zones. 

Professor Zeng made the comments at [...]

Article – New deal with Japan revives Robert Menzies’ era, says Tony Abbott

by 11 July 2014

8 July 2014 Sid Maher The Australian

A HISTORIC trade deal to be signed today between Tony Abbott and Japanese Prime Minister Shinzo Abe is set to spark a new wave of Japanese investment in Australian infrastructure projects and provide capital for plans to ­develop the north.

Trade Minister Andrew Robb, who met Mr Abe on his arrival last night, is confident the deal will unleash Japanese capital for the government’s infrastructure pipeline and development [...]