North Australia Digest – 24/9/12

by 24 September 2012

Australian Financial Review

A Chinese sovereign wealth fund is looking to make its first significant investment in the Australian dairy industry, as China tries to secure food supplies for its growing middle class.

The head of NAB’s agribusiness division says, while the possible end of the mining boom is grabbing headlines, demand for farm commodities could underpin the economy for years to come.

This opinion piece surveys the possible consequences of a [...]

North Australia Digest – 21/9/12

by 21 September 2012

Australian Financial Review

Jobs will bear the brunt of a faster than expected end to the commodity boom according to economists and business leaders. The calls come in reaction to Ross Garnaut’s prediction that Australian’s would struggle to cope with falling living standards. Business Council of Australia chief executive Jennifer Westacott said the nation had abandoned its ambitions to improve productivity and Australia must do more on tax reform, reducing regulation, improving skills and [...]

North Australia Digest – 20/09/12

by 20 September 2012

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

The Financial Review 

Ross Garnaut has warned Australians to prepare for a living standards ‘bust’ as the resources boom gives way to falling export prices and a slump in mining development.

An influential Chinese insider says Australia must prepare for falling demand for coal and iron ore as the world’s second-biggest economy undergoes structural changes.

BHP Billiton, the world’s largest mining [...]

North Australia Digest – 19/09/12

by 19 September 2012

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

The Age

New Coal projects will be shelved across Queensland as a result of increased royalties on coal announced in last week’s state budget. Robert Neale, managing director of New Hope Corporation, said “Where it does have an impact is the cumulative burden of that plus the MRRT and the carbon tax on new projects. That burden is such that I would [...]

North Australia Digest – 18/9/12

by 18 September 2012

The Australian

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

A slowdown in the mining sector and the shelving of major projects has encouraged an escalation of the ACTU’s war on the recruitment of foreign workers. The ACTU’s secretary David Oliver has demanded an end to enterprise migration agreements:

“With some of the largest resources projects being put on hold, there is no case of the mining industry to be [...]

North Australia Digest – 17/8/12

by 17 September 2012

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

The Australian

Modelling released by the Minerals Council of Australia has warned that labour costs in the mining industry are among the highest in the world. The modelling warns that high costs threaten to stall major resources projects and consequently shrink the economy by 5 per cent unless Australia commits to policies to regain its competitiveness including loosening restrictive rules on Enterprise [...]

Speech – National Party Federal Conference – by Mr Tad Watroba, Executive Director of Queensland Coal Investments

by 15 September 2012

Party President, Federal Leader of the Nationals and the next Deputy Prime Minister of Australia,  the Honourable Warren Truss, Nationals Senate Leader  Barnaby Joyce,  Premier of Queensland, Campbell Newman, Deputy Premier of New South Wales, Andrew Stoner;  distinguished guests, ladies and gentlemen.

Thank you for your very warm welcome and thank you for the invitation to Mrs Rinehart to address you, but as you can see you have me instead, still battling with my Aussie [...]

North Australia Digest – 14/9/12

by 14 September 2012

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

The Australian

Federal Treasurer Wayne Swan will outline the Asian Century White Paper n Sydney today. Swan is expected to outline policy objectives which will deliver a “deeper and broader relationship” going beyond the current economic ties. WA Premier Colin Barnett will express frustration with the boom bust mentality “and the way that distorts economic thinking and policy at a national level.” [...]

North Australia Digest – 13/9/12

by 13 September 2012

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

Australian Financial Review

The chairman of the world’s biggest resources group, Jac Nasser, has declared Australian governments must stop using the mining industry as a cash cow to plug budget holes and warned more resources companies would look overseas unless Australia reversed rising structural costs.

Former Macarthur Coal chairman Keith De Lacy has criticised the Queensland government for blaming mine closures [...]

The Bolt Report’s editorial on Mrs Gina Rinehart

by 12 September 2012

Check out this segment from the Bolt Report on Sunday…