North Australia Digest – 8/10/12

by 8 October 2012

We’d love to know what you think about today’s major stories that impact North Australia:

The Australian

Federal MPs Tony Crook, Alby Shultz, Dean Smith and Alan Eggleston are seeking Tony Abbott’s support for a peace deal on deregulation of the wheat export industry.

Keith de Lacy, former Macarthur Coal Chairman, has expressed reservations about governments ‘picking and choosing’ resources projects amid a shortage of global capital.

Over the weekend Sue Neales wrote [...]

North Australia Digest – 5/10/12

by 5 October 2012

We’d love to know what you think about today’s major stories that impact North Australia:

Australian Financial Review

The Prime Minister plans to engage top Indian officials regarding a potential sales agreement between Indian investors and uranium miners in Western Australia.

Several federal Liberal MPs from Western Australia are threatening to cross the floor in support of labour’s bill for full deregulation of the wheat export market.

The Australian

The Australian also reports [...]

North Australia Digest – 4/10/12

by 4 October 2012

We’d love to know what you think about today’s major stories that impact North Australia:

Australian Financial Review

Executives and fund managers in the mining sector say that the slowdown in the industry is barely a new phenomenon and should have been factored in by economic forecasters earlier.

Arrium is desperate to emphasise the value of its mining and mining consumables businesses in an attempt to convince the market of their worth. The company’s [...]

North Australia Digest – 3/10/12

by 3 October 2012

We’d love to know what you think about today’s major stories that impact North Australia:

The Australian Financial Review

The Reserve Bank’s view that the resources boom will peak by mid-2013 has influenced the decision to cut interest rates by 0.25 of a percentage point. The RBA’s downbeat outlook on mining projects suggest it now expects the resources investment boom to peak six months earlier than previously forecast.

Former Prime Minister Kevin Rudd has [...]

North Australia Digest – 2/10/12

by 2 October 2012

Here is a digest of today’s major stories that impact North Australia:

The Australian

There is mounting pressure on the Reserve Bank to cut interest rates as the economies of China and Japan, Australia’s two major trading partners, show further signs of  slowing.

The latest figures out of China are worrying for Australian mining companies. Chinese manufacturing faces a seventh consecutive quarter of contraction. The biggest problem facing the industry is the continuing [...]

ABC Radio National – Bush Telegraph – Special Economic Zones

by 2 October 2012

The idea of a Special Economic Zone is gaining increased traction among the Australian community.

John Shipp, director of the Institute of Public Affairs North Australia Project, and Professor Jeff Bennett, Australian National University, discuss the idea with Bush Telegraph host Cameron Wilson.

North Australia Digest – 27/9/12

by 27 September 2012

Here is a digest of today’s major stories that impact North Australia:

The Australian

In response to falling profitability in coking coal, Anglo American plans to reduce its output in coming months. Chief executive of Anglo’s coking coal business, Seamus French, said “it’s times like these that really are the right (opportunity) to re-evaluate things.”

The Age

The price of iron ore could remain at current low levels for up to six months, [...]

North Australia Digest – 26/9/12

by 26 September 2012

Here is a digest of today’s major stories that impact North Australia:

The Australian

Queensland mining magnate Clive Palmer has lodged legal proceedings after rival miner GVK was awarded the rights to build a railway line between the Galilee Basin and Abbot Point. Mr Palmer claims he has not be provided with adequate information as to why his company, Waratah Coal, was not awarded the contract.

Live sheep export to the Middle East ]

Abbott will put UAV drones in Northern Australia

by 25 September 2012

Earlier today, Opposition Leader Tony Abbott outlined a promising plan for a stronger military presence in northern Australia in a speech to the RSL national conference in Sydney. Mr Abbott stated that a coalition government would immediately begin the process of “acquiring state-of-the-art unmanned aircraft” as part of a move to increase spending on Australia’s Defence Force.

The Coalition plans to deploy what are commonly known as drones in Northern Australia.

It is refreshing [...]

North Australia Digest – 25/9/12

by 25 September 2012

Financial Review

China’s giant sovereign wealth fund, China  Investment Corp, has a $US 190 billion war chest, with a view to secure the country’s long-term food supplies.  Currently a litre of milk in Beijing sells for about $7 a litre compared with $1 here.

Any Chinese attempt to buy a large stake in Australia’s dairy industry would need approval from the Foreign Investment Review Board and would have to focus on sustaining jobs, [...]