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…

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 ]