North Australia Digest – 12/9/12

by 12 September 2012

The Australian

The decision by the conservative government in Queensland to increase mining royalties is likely to undermine the Gillard government’s efforts to return the budget to surplus. Finance Minister Penny Wong accused the Newman government of acting out of political interest to ‘pick a fight’ with Canberra.

The managing director and chairman of the Australian Agricultural Company, the biggest owners of land and cattle in Australia, have called for an end [...]

North Australia Digest – 11/9/12

by 11 September 2012

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

Australian Financial Review

The Queensland government is set to raise royalties on coal production in Tuesday’s state budget today, despite tough market conditions that have caused more than 2000 job losses in the Bowen Basin since May and threaten the viability of growth projects.

Matthew Stevens writes in the AFR that ‘…despite warnings from a host of the world’s most powerful [...]

North Australia Digest – 10/9/12

by 10 September 2012

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

Financial Review

In an indication that the nation’s resource sector still has something to offer, Queensland Investment Corporation is considering establishing an international resources fund. Chief executive QIC, one of Australia’s largest asset managers, Damien Frawley said, “What is happening at the moment is a correction, it’s just a readjustment. I think it’s still got a lot of life left in [...]

North Australia Digest – 6/9/12

by 6 September 2012

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

Australian Financial Review

Fortescue Metals Group is under increasing pressure to raise equity to shore up its balance sheet, despite its decision to delay part of its $US9 billion expansion project to conserve cash.

Falling iron ore prices may prompt the Reserve Bank of Australia to bring forward interest rate cuts if commodity prices fail to recover.

Australian iron ore ]

North Australia Digest – 5/9/12

by 5 September 2012

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

The Age

In another blow to the Australian resources sector, Fortescue Metals has dramatically scaled back multibillion dollar expansion plans and cut several hundred jobs. The move has promoted fears other miners could follow suit if Chinese demand for iron ore fails to pick up and comes just weeks after BHP shelved $30 billion worth of projects, including the massive Olympic Dam [...]

North Australia Digest – 4/9/12

by 4 September 2012

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

The Australian Financial Review

A plunge in the prices of Australia’s export commodities as well as high labour and construction costs will stall $100 billion of mining and energy projects, as companies ­scramble to reassess their long-term investment pipelines.

BHP Billiton has not asked the South Australian government for an extension on the agreement covering royalties for the $US20 billion-plus Olympic [...]

Darwin house prices second highest in Australia

by 29 July 2012

If something isn’t done to bring housing prices down in Northern Australia, the region will never be able to reach its full potential.

National Food Plan lacks vision for northern agriculture

by 27 July 2012

The National Food Plan green paper released last Tuesday shows that the federal government is completely lacking in vision when it comes to Northern Australia. Released earlier this month, the paper again ignored any possibility of developing the region’s agricultural potential, which could feed a growing Asian population to our north.

When will North-West Australia have a permanent naval base?

by 30 June 2012

Australia’s North West Coast continues to be left devoid of any permanent naval bases despite being home to so much of the nation’s natural wealth.

Welcome to the new Australians for Northern Development and Economic Vision blog!

by 5 June 2012

Welcome to our new website and to our new blog. On this blog and website, we want to give you an opportunity to participate in building and shaping our future.