News

2016-10-29 NT News: Homebuyers back in force in Territory

Glenn Grantham, Raine & Horne Darwin general manager, said first homebuyers were out in force looking to make the most of incentives for established homes and southern investors were being tempted back to the Top End with strong rental yields.

2016-10-27 Property Observer, Herron Todd White: Darwin property market

Since 1 September the market has sprung to life again as the new first home owner incentives for existing properties came into play… "The greatest benefits will be more sale transactions, shorter marketing periods and more opportunities for people to enter the property market."

2016-10-24 Media Release: More first homeowners making their future in the NT

The scheme will increase stamp duty relief for first home buyers of established homes and continue the existing stamp duty assistance for new homes… Home owners are also taking advantage of the $10,000 renovation grant for first home buyers of established homes. Of this amount, $2,000 can be spent on household goods (... also applies to first home buyers purchasing or building new homes).
All renovations and purchases under the scheme need to be sourced through local Territory businesses. Territory Government introduced the substantial increase in assistance on 1 September 2016, with a maximum stamp duty concession of $23,928.60 for established homes valued at $650,000 or less. This equates to no stamp duty on the initial $500,000 value of the home. For established homes valued at more than $650,000, a $10,000 stamp duty discount is available until 31 December 2016.

2016-10-24 Property Observer: Average median rent: rent.com.au

Northern Territory Median Rent: Darwin apartments and houses experienced an overall 6.8% rise in median rent to $470 in Q3 from $440 in Q2. NT saw the largest increase in rent overall in regional areas, rising 7.1% in Q3 to $450 per week, from $420 (Q2). And the median price per room in Darwin in Q3 was $175.

2016-10-27 NT News: INPEX

The Ichthys LNG Project reached 87% construction completion in June… more than 11,000 locally-based people have worked at Bladin Point and a cumulative total of around 27,000 people. More than 4.000 project commitments have been made to more than 1000 NT-based companies. This includes 55 Aboriginal and Torres Strait Islander businesses securing $127 million in contracts. More than $9 billion is flowing within the NT economy as a result of project activity. During the 40-year operational phase it is estimated that at least $500 million of contracts will be available each year to support the operation of the plant.

2016-10-26 Reuters: China is more than LNG’s best hope, it’s a microcosm

Imports over the first 9 months of 2016 were 17.87 million tonnes, up 26.5% over the same period in 2015… China's biggest LNG supplier is Australia, with imports jumping a massive 101.3% in the first 9 months of the year to 8.13 million tonnes. This puts Australia's share of China's imports at 45%.

2016-10-27 The Australian: Millners test feasibility of Ammaroo phosphate project

Rum Jungle, 38% owned by the Millner-controlled Washington H Soul Pattinson after a May equity raising, has kicked off a feasibility study on the Ammaroo phosphate project, 240km SE of Tenant Creek. The first stage of the project is seen as having a roughly $300 million first stage that would produce 1 million tonnes of phosphate rock concentrate for Asian markets. Beyond this, broader plans involve a push to expand into a $1bn-plus ammonium-phosphate fertiliser operation with downstream processing.
Chris Tziolis: “Northern Territory is one of the few parts of the world where you’ve got the 3 key nutrient ingredients, nitrogen from gas, phosphate and potassium, all within close proximity.” Adelaide-Darwin railway features heavily in the plans. “You can service Australian markets through South Australia into western NSW and Victoria, and north to Darwin for distribution in Northern Australia, if we can get agricultural growth going there, and into Asia.”

2016-10-24 ABC Rural: $1.5 billion Project Sea Dragon

Seafarms Group has completed a $1.3 million upgrade of its prawn quarantine and founder stock facility in Exmouth, WA… Project Sea Dragon managing director Chris Mitchell said the facility was now operational and home to the first batch of prawns which were collected from Northern Territory waters… Exmouth was selected as the ideal location for the quarantine facility due to its geographic isolation from all other aquaculture activities, including the company's own hatchery and grow-out facilities planned for the Darwin and Kununurra regions..

Once the prawns were determined to be free of any disease or health concerns, their offspring would be sent to a core breeding centre near Darwin to develop a domesticated breeding population. That population will then be used to produce juvenile prawns at a separate hatchery. From there those juveniles will be transported into Project Sea Dragon's commercial grow-out production ponds at Legune Station near the WA/NT border.

2016-10-28 Media Release: Agricultural Ties, Japan

Chief Minister Michael Gunner today met with Mr Katsuo Yakura, Parliamentary Vice Minister for Agriculture, Forestry and Fisheries… The Northern Territory Government and the Japanese Ministry of Agriculture Forestry and Fisheries moved an important step closer to an official Memorandum of Cooperation… particularly in soybean, barramundi and asparagus… The Chief Minister also met with the Fuji Oil Seed Company… about potential collaboration for soybean research to determine the commercial viability of new tropical varieties.

2016-10-26 NT News: US Defence Official heading to the Territory

Naval Facilities Pacific is planning to run a briefing process. NAVFACPAC is based out of Hawaii and helps co-ordinate the US marine rotation. (www.fedbizopps.gov)

2016-10-24 Charles Darwin University: E-news

The School of Education recently hosted His Excellency Mr Ngoy Mak, Director General of Higher Education in Cambodia, to showcase and further its ongoing partnership with Cambodia… The fellowship program is one of several higher education pathways developed between CDU and the Ministry of Education of Cambodia as part of a 3-year partnership collaboration.

2016-10-24 Charles Darwin University: E-news

A $2 million research grant to work towards the prevention, control and elimination of malaria and tuberculosis in South-east Asia and the Pacific has been awarded to a consortium led by Menzies School of Health Research, in collaboration with the Burnet Institute… The consortium will work hand-in-hand with partners in Indonesia, PNG and Malaysia.

2016-10-25 NT Legislative Assembly: Arafura Games

The Arafura Games is an exciting opportunity in 2019, an opportunity for local and Australian sport, an opportunity for tourism and an opportunity for business.

2016-10-24 Economic Brief: CommSec State of the States October 2016

The Northern Territory was ranked the 4th best performing economy again this quarter in terms of overall economic performance, above SA, Qld, Tas, and WA. NT was ranked 1st for economic growth (increase of 24.1% above the decade average level), unemployment (lowest trend unemployment rate of 3.4%, 14.6% below NT’s decade average), and construction work done (the level of construction work in June Qtr 2016 being 30.6% above the decade average level).



Disclaimer
The above information has been compiled by Gwelo (the Agent) from third party providers. The Agent has not verified whether the above information is accurate and does not have any belief one way or the other as to its accuracy. The Agent does no more than pass on the information. The Agent does not accept any responsibility to any person for its accuracy. All interested parties should make and rely upon their own enquiries in order to determine whether or not the information is, in fact, accurate.

2016-10-17 Economic Brief: Deloitte Access Economics September quarter 2016

The Territory economy is estimated to grow by 3.1% in 2015 16 (nationally, 2.9%). The Territory is expected to have the 3rd highest economic growth of all jurisdictions... The outlook is for the NT economy to grow by an average of 3% pa over 5 years to 2019-20. This is the 2nd highest economic growth forecast of all jurisdictions behind Queensland (3.4%)…
DAE notes that exports are expected to replace construction activity as the key driver of NT economic growth over the medium term, as the Ichthys LNG Project transitions to production…
International goods exports, are forecast to increase by an average of 8.9% pa over the period..
DAE expects Territory employment to increase by 1.8% in 2016 17. Between 2015-16 and 2019-20, employment in the Territory is forecast to grow on average by 1.4% pa. (National employment to grow by an average annual rate of 1.5% over the next 5 years.) The Territory’s unemployment rate is forecast to average 3.8% over the 5 years to 2019-20, compared to 5.7% nationally… Over the next 5 years, DAE is forecasting the Territory's population to grow by an average rate of 0.9% pa…
Consumer Price Index: DAE expects the Darwin CPI to grow by 0.8 % in 2016 17 and by an average of 1.4% pa over the 5 years to 2019 20.

2016-10-19 NT News: Northern Gas Pipeline

Construction of the $800 million Northern Gas Pipeline is on track following the arrival of the first pipes… The NGP will connect Tennant Creek to Mt Isa in Queensland. The first gas is expected to flow in 2018.

2016-10-20 NT News: Marines to get new digs

Speaking at the 4th Northern Australia Defence Summit yesterday, Director-General of US Force Posture, Brigadier Tim Bayliss, outlined the direction of the US marine presence… includes establishing navy facilities to support future maritime needs, enhancing air base capacity, establishing new northern advanced joint training areas and developing logistics capability including rail. “US Force Posture infrastructure includes airfield upgrades at RAAF Base Tindal and Darwin like significantly strengthening runways and increasing fuel storage distribution facilities. The RAAF Base Darwin will get a significant increase in air support traffic. We will see working and living accommodation specifically for US marines at Robertson Barracks.”



Disclaimer
The above information has been compiled by Gwelo (the Agent) from third party providers. The Agent has not verified whether the above information is accurate and does not have any belief one way or the other as to its accuracy. The Agent does no more than pass on the information. The Agent does not accept any responsibility to any person for its accuracy. All interested parties should make and rely upon their own enquiries in order to determine whether or not the information is, in fact, accurate.

2016-10 Territory Q: Shopping Hub the place to be

A built-for-the-tropics shopping precinct is taking shape along one of Australia’s strongest growth corridors. The extensive shopping and retail hub is being built by developer Gwelo Group, the company responsible for many of the Top End’s iconic buildings, such as Pandanas and the award-winning Jacana House.

Sales and leasing manager Simon Connolly says Coolalinga Village is popular with business tenants because it is perfectly positioned between the expanding satellite city of Palmerston and Litchfield. “It’s a very exciting area. It’s where most of the growth in population is taking place in the Top End”… The $100 million first stage of the project (65 tenancies) will be finished by May 2017... There are 58,400 people living within a short drive of the new shopping centre – and that is expected to increase to more than 68,000 by 2021…

Average household income in Palmerston and Litchfield is $106,000 a year, with 29% at $130,000, whereas the Australian average is just over $60,000. The average retail spend per capita is nearly $16,700 a year, compared with a national figure of $13,000… More than 15,000 vehicles pass Coolalinga Village each day… The complex will create 800 jobs.

2016-10-10 LNG World Shipping: Australia heads for 40% LNG-export hike

Australia’s LNG exports will increase by 40% to 51 million tonnes in the 2016-2017 fiscal year, and bring an additional 15mt on stream by next summer… the value of exports for the fiscal year will increase 41% to US$23 billion… Ichthys LNG and Wheatstone LNG are due to start production by year-end 2017. Both are expected to bring their second trains into production in 2018, which is also the target start date for Australia’s first floating LNG venture, the Shell-led Prelude project.

2016-10-11 Senate Hansard:
Senator Canavan – Minister for Resources and Northern Australia

“We have announced $100 million for more research into exploration for minerals and resources in northern Australia. This is of special importance given that the economy of northern Australia is more than half made up by our resources sector… Around 5% of our population live in the north, but it generates nearly 12% of our economic output… More than half of our exports leave from ports in northern Australia.

2016-10-10 Senate Hansard: Senator Payne – Minister for Defence

“I know that senators will be very pleased to understand the extent of the impact of the investment in infrastructure of over $2 billion dollars in the NT. Northern Territory businesses, whether they are retail trade, transport, or recreational and other business services sectors will also strongly benefit. There was a 2013 study which indicated a rotation of 1,100 marines contributed an additional $5.6 million pa to the Northern Territory gross state product.

In 2016 alone, it is expected over $7 million will be spent to support the marine rotation, and that will only grow as we progress and increase the initiatives in coming years. The US will use Australia's supplies of goods, products and services to the greatest extent practicable. We expect competitive tendering processes to offer opportunities for local and international suppliers.”

2016-10-10 ABC Rural:
Australia forecast to produce about 8 million trays of mangoes

The national crop forecast by Australian Mangoes is predicting the Northern Territory to produce 3.5 million trays.

2016-10-12 The Australian: Emirates seeks new heights with A380s

Emirates Airline president Tim Clark said Emirates had ambitions to extend its reach in Australia by establishing new routes to secondary airports such as Darwin or Cairns.

2016 Deloitte: Tourism and Hotel Market Outlook, Domestic Visitors

Solid growth in visitor trips was recorded in all states, with especially strong growth in WA and the Northern Territory, (growth of 13% and 37%, respectively).

2016-10-07 Media Release:
Supporting regional collaboration on tropical disease research

The Australian Government will provide $2 million over 2 years to Darwin’s Menzies School of Health Research to advance research into the prevention, detection and treatment of multi-drug resistant malaria and TB. The Menzies School will work with the Burnet Institute as well as partners in Indonesia, Malaysia and Papua New Guinea.

2016-10 Territory Q: Mission to Merapi

Darwin-based National Critical Care and Trauma Response Centre was invited to take part in an international disaster response exercise in Yogyakarta in the shadow of Mt Merapi in July… The exercise was part of the annual regional exercise framework.

2016-10-11 Straits Times: Singapore – Comprehensive Strategic Partnership

Within 10 years' time, Singaporeans and Australians will find it easier to live, work, study and intern in each other's countries... Singaporean residents and businesses, already ubiquitous in the metropolitan centres of Perth, Melbourne and Sydney, can seek new opportunities in northern Australia. This is an area the Australian government is keen to develop, with infrastructure developments and agribusiness such as aquaculture and fisheries; as well as tourism, and health and medical research in tropical medicine.

2016-10-12 Economic Brief: Building Activity June quarter 2016

Trend value of building work done in the NT increased by 0.1%... Quarterly trend value of building work done had been decreasing from elevated levels, but is still above 10-year average.

In 2015-16, non-residential building activity in the Territory increased by 2%.

2016-10-12 NT News: Economy tiding over

The economic horizon of the Territory is very strong. In the calendar space between 12 months and the next two decades, infrastructure and industry development will drive our economy…

2016-10-11 Media Release: Northern Australia Infrastructure Facility

The Australian Government’s $5 billion investment in the NAIF is a game-changer that is providing the catalyst for new job creation and investment in the region. “So far, the NAIF has received more than 70 enquiries about project funding. One project is undertaking due diligence and another 13 are working towards a formal investment proposal.”

Disclaimer
The above information has been compiled by Gwelo (the Agent) from third party providers. The Agent has not verified whether the above information is accurate and does not have any belief one way or the other as to its accuracy. The Agent does no more than pass on the information. The Agent does not accept any responsibility to any person for its accuracy. All interested parties should make and rely upon their own enquiries in order to determine whether or not the information is, in fact, accurate.

2016-10-06 Property Observer: Raine & Horne
Darwin's Palmerston to attract investors due to strong yields

Darwin’s satellite suburb of Palmerston is poised to attract a wave of investors, who might compete with first-home buyers, due to impressive yields… The return of interstate investors to markets such as Palmerston is not unexpected, according to Glenn Grantham, general manager, Raine & Horne Darwin, as Darwin’s rental yields compare favourably with other capital cities.
“Our median prices are many hundreds of thousands of dollars cheaper than Sydney and the smart interstate money is recognising there is more to Darwin than mining and resources. Darwin has a diverse economy that has a good spread of government businesses, as well as robust defence and tourism industries.” He cited that visitor nights – both domestic and international – rose by 24% in financial year 2015/16, illustrating Darwin’s growing tourist appeal. “Combine the city’s growing economic diversity with real estate affordability and strong yields, and Darwin real estate will be on the radar for investors again in 2017.”

2016-10-06 Property Observer: CoreLogic – does property double over 10 years?

Looking at median selling prices over the past decade, the national median house price 10 years ago was recorded at $330,000, while the median unit price was $310,000. 10 years on, and the median selling prices are now $499,000 and $445,000 respectively… For those who have seen their property price double over the decade, they are most likely to be situated in Sydney, Melbourne or Darwin.

2016-10-04 Property Observer: SQM Research Property Listings

The number of Australian residential property sale listings rose in all capital cities during the month of September 2016, Darwin yearly change: up 3.5%... Median asking price for a house in Darwin: $619,700.

2016-10-03 Hydrocarbon processing: Ichthys LNG Project

Amec Foster Wheeler has been awarded a consultancy contract by INPEX for the Ichthys LNG Project in Australia… to carry out competency assessments for the Ichthys operations and maintenance teams across all project assets. This includes the central processing facility, floating production storage and offtake vessel and the Bladin Point LNG onshore processing plant… (the) contract will run until April 2017, with assessments to be conducted at the construction yards in Korea, offshore Western Australia, and onshore LNG facility in Darwin.

2016-10-05 NT News: Beetaloo Basin

The recently-fracked Amungee well in the Beetaloo Basin is flowing more than one million cubic feet of natural gas per day… Origin’s partner in the Beetaloo Basin, Falcon Oil and Gas, announced the results. The Beetaloo is situated about 500km southeast of Darwin. Falcon Oil and Gas chief executive Philip O’Quigley said initial results were positive. “Preliminary results of the first horizontal exploration well in the Beetaloo are very encouraging.”

2016-10-07 ABC Rural:
Vietnam businessman Pham Nhat Vu buys Vermelha Station in Top End

A prominent businessman from Vietnam has purchased a NT cattle station. In what is believed to be the first major Vietnamese investment into the north Australian beef sector, Vermelha Station has been sold to An Avien Pastoral Holding and Agriculture for $18 million.

2016-10-07 NT News: $2 billion Marines win

Australian and US defence infrastructure projects could grow the size of the NT economy by as much as 4.7% over the next decade. Master Builders NT executive director Dave Malone said the agreement was positive news for an industry that has already started courting US officials to use local capability. “We are working with the US Navy on what we can do as an industry.”

2016-10-06 Australian Defence Magazine:
Negotiations for US Force Posture Initiatives conclude

Minister for Defence Marise Payne and US Secretary of Defense Ash Carter have welcomed the in-principle conclusion of cost-sharing negotiations for the Force Posture Initiatives... Australia and the US will share the costs for more than $2 billion in infrastructure investment in northern Australia as well as the ongoing costs of the initiative over the full 25-year life of the agreement.. ADM suspects that the various training ranges in the NT in particular will receive special attention under the new arrangements.

2016-10 Land Development Corporation: News October 2016
Barge Ramp trial a success for Defence

Land Development Corporation recently completed the construction of its new Multi-User Barge Ramp at East Arm. The ramp, alongside an existing 9ha hardstand and storage area, will form part of a Common User Facility for local industry and Defence. The Australian Defence Force tested the new ramp during Exercise Kakadu.

2016-10-03 Cruise Industry News:
Australia’s Northern Territory Building Up Cruise Options

Darwin… will take its recent 45-ship record season and turn it into a 47-ship season for 2016-2017, with more than 60,000 cruise passengers expected.

2016-09 BITRE: International airline activity July 2016

International passenger traffic through Darwin airport for year ended July 2016: 260,712.

2016-10-06 Media Release, Minister for International Development
Australia a regional leader in natural disaster response

In Darwin I will meet with the Australian Medical Assistance Team… AUSMAT has provided immediate care for thousands of people after regional crises, I will visit the National Critical Care Trauma Response Centre which is strengthening medical preparedness and response capacity across the Indo-Pacific region and see the vital health assistance provided to the region by the Royal Darwin Hospital and Menzies School of Health Research.

2016-10-06 Economic Brief: International Trade. Year to August 2016

Imports: The top 3 countries from which the NT sourced its international goods imports were Thailand ($917 million), Japan ($486 million) and Singapore ($281 million). Majority of imports are manufactured iron and steel products, attributed to the import of modules related to Ichthys

2016-10-06 Economic Brief: International Trade. Year to August 2016

Exports: NT’s top goods export destinations were Japan ($1.9 billion, reflecting LNG exports from Darwin LNG plant), and China ($1.0 billion, predominately mineral ores incl. manganese).

2016-09 Economic Brief: Territory Economic Review September 2016

In 2014-15, the NT’s Gross State Product increased by 10.5% to $22.5 billion. This was the highest growth of all jurisdictions (Australian economy grew by 2.3%) and the highest growth for the NT since 1998-99…
In 2015-16, growth in household consumption strengthened to 4.6%... NT’s annual net international trade balance was $1.8 billion in year to July 2016 and represents a year on year increase of $934 million…
August 2016: NT’s trend unemployment rate decreased by 0.1 percentage points to 3.5%, NT has the lowest unemployment rate of all jurisdictions… The Darwin CPI increased by 0.3% in the June quarter 2016… In 2015-16, the Territory’s Wage Price Index grew by 2.2%. This consisted of a 3.1% increase in public sector WPI and a 1.8% increase in private sector WPI… The NT recorded the 3rd highest year on year increase in the WPI of all jurisdictions… In the year to May 2016, the Average Weekly Full Time Earnings in the Territory increased by 5.6%. Nationally, the AWFTE increased by 1.6%
In the NT, non-residential building construction increased by 3.4% to $740 million in 2015-16, primarily driven by an increase in public sector construction, which was up by 33.5%... In 2015, the total number of visitors to the Territory increased by 16.5% to 1.6 million. Growth was driven by a 20% increase in domestic visitor arrivals and a 3.1% increase in international visitor arrivals. The rise in international visitors was led by visitors from USA, UK, Germany and Japan.



Disclaimer
The above information has been compiled by Gwelo (the Agent) from third party providers. The Agent has not verified whether the above information is accurate and does not have any belief one way or the other as to its accuracy. The Agent does no more than pass on the information. The Agent does not accept any responsibility to any person for its accuracy. All interested parties should make and rely upon their own enquiries in order to determine whether or not the information is, in fact, accurate.

2016-09-28 NT News: Vendors gain over pain

3 in 4 homes in Darwin reselling for a profit… Darwin vendors have raked in almost $35 million in real estate profits in the June quarter, according to the CoreLogic Pain and Gain report released yesterday. The report showed 76.5% of houses and 74.1% of units in the wider Darwin region sold at a profit in the three months to the end of June… Litchfield recorded the highest proportion of profitmaking resales at 78.3% cent followed by Darwin at 75.9% and Palmerston at 74.5 per cent. Litchfield vendors also had the highest median profit at $296,000 followed by $205,000 in Palmerston and $180,000 in Darwin.

2016-09-21 Dr Andrew Wilson, Chief Economist, Domain Group:
Australian housing markets report Darwin set to steady, confidence the key to revival

Mining capitals Perth and Darwin still underperformers but Darwin bottom now in sight… Investors down but rebounding (ABS NT loans June Qtr’16) … Investor market share still above average (long-term average 41%)… NSW has highest local investor state market share at 56.5%, then Victoria at 46.6%, then NT joint 3rd with ACT at 43.3% (ABS July). June Qtr yields: Darwin and Palmerston houses rent $550, yield 4.8%; units $440, yield 5.3%... NT weekly earnings near highest (ABS Jul’16 vs Jul’15) at $1,720 (behind WA: $1,795 and ACT: $1,751) … Darwin still clearly best capital city job market (ABS)…

Darwin market outlook 2016-17:

Falling local market to stabilise slowly as confidence recovers and economy re-generates

  • Decline in resources sector and end of FIFO catalyst for market decline – same as WA and QLD
  • High house prices also created significant affordability barriers as FIFO demand collapsed
  • Prices now at 4year lows will activate value perceptions from buyers with momentum to follow
  • Historically low interest rates and best lending conditions on record to assist improved affordability
  • Investors still have strong underlying appetite for housing - to continue to revive as market clearly stabilises. Vacancy rates now consolidating - tax enhanced residential investment returns remain a positive in low yield economy
  • Days on market and discount rates now falling for both houses and units

Local economy remains a top performer despite recent decline

  • Jobless lowest of all the capitals and now falling; Flat jobs growth reflects population declines
  • Participation rate remains high and steady also influenced by falling population
  • Low retail sales growth reflects weak consumer confidence
  • Home building low but recent trend rising
  • Lower dollar a fundamental force for NT economic growth

Darwin market to gradually stabilise and build a solid platform for modest growth in 2017

  • Low growth, low rates, low inflation economy to constrain house price growth generally in future
  • Booming house prices clearly a thing of the past – a positive for certainty and predictability

2016-09-13 NAB: Australian housing market update: September 2016

There has recently been some improvement in the number of transactions across the Darwin market, with year on year dwelling sales rising by 2.5%.

2016-10-01 NT News: Major milestone at Bladin Point

The final 3 of 230 models needed to build the Project’s onshore processing facilities arrived safely this month… With all modules now in place at Bladin Point, the Project has entered its final construction phase and work is focusing on preparing the facilities for their 40 years of operation.

2016-09-26 ABC Rural:
The world's largest alluvial garnet mine enters production phase in the Red Centre

Australian Abrasive Minerals commenced exploring for garnets in early-2010 and found the world's largest alluvial deposit of garnet, which is used industrially in blast cleaning, water jet cutting and various other mining applications… This is the only garnet mine in the Northern Territory, but more significantly it's only the second garnet mine in Australia, the other one is in Western Australia. There's only 5 major garnet mines in the world and the other 5 are located in India, so this is a significant mine for the worldwide garnet industry.

2016-09-26 MiningNews.net: Liontown to start NT drilling

Liontown Resources will start drilling its Bynoe lithium project, along strike from Core Exploration’s Finniss discovery in the Northern Territory. A 4,000-5,000m drilling program will begin at Bynoe today. Drilling earlier this year … proved the concept that this is a new lithium discovery in Australia.

2016-09-29 The Australian, Bernard Salt:
Ports deliver wealth as Australia remains a trading nation

Australia’s livestock exports are largely channelled through the ports of Darwin, Fremantle and Townsville, which collectively capture 70% of the national market… We rely mightily on free and open sea lane access directly to the north, which is partly why our military posture favours military representation in Darwin, Katherine and Townsville… Darwin is a livestock port as well as a base for the navy vessels and a stopping off point for passing cruise ships… The port activity that could escalate over the next decade… would be military movements and especially in Darwin and Fremantle. But there is also a case to say that cruise ship activity will become increasingly popular and especially out of Sydney, Melbourne, Brisbane, Perth and Darwin. Whichever way you look at this, the port of Darwin is (or was) a good buy.

2016-09-28 NT News: Cattle exporter delivers for customers

The Territory’s largest cattle producer has been named as the 2016 NT Exporter of the Year. Consolidated Pastoral Company, operator of 19 stations including Newcastle Waters in the NT, runs 375,000 head of cattle across its 5.6 million hectares of land.

2016-09-28 NT News: Cattle exporter delivers for customers

Asian investors are increasingly looking at agriculture in the Northern Territory according to the agency charged with promoting opportunities. Investment director from the Office of Asian Engagement, Trade and Investment, Chris Mouat: “The interest in agriculture investment is starting to increase. That is really becoming a bigger and bigger focus for the Territory. There are a number of reasons for that and obviously a key factor is the Territory’s large scale of land. There is a lot of interest in Asian leafy greens. Clearly there is interest in the mango market. Other interest is in other varieties of fruit and vegetables which could be grown in the Territory that are of particular interest to the Asian market.”

2016-09-30 Media Release: First Territory mangoes to United States

The first ever shipment of Territory mangoes to the USA are ready to export this week… The Territory already exports mangoes to Singapore, Hong Kong, New Zealand, China, South Korea, Japan and Europe.

2016-09-29 ABC Rural:
First Katherine mangoes picked and packed at Manbulloo as NT harvest expands

The Katherine region is estimated to produce a crop volume of 1.7 million trays to the market in the 2016-17 season.

2016-09-29 Media Release: Catch a million dollar fish in the NT

“This year we have a million dollar barra up for grabs, plus 100 barramundi worth $10,000 compared with 75 last year… Following a survey after Season 1 this year, it is estimated the Million Dollar Fish competition brings in over $8 million of revenue to the NT, which is great for local business and hospitality industries.”

2016-09-22 Media Release: Business Events

Department of Tourism and Culture CEO Alastair Shields: “Business event attendees will spend an estimated $43 million this year in the Northern Territory making this tourism sector a valuable contributor to our economy.”



Disclaimer
The above information has been compiled by Gwelo (the Agent) from third party providers. The Agent has not verified whether the above information is accurate and does not have any belief one way or the other as to its accuracy. The Agent does no more than pass on the information. The Agent does not accept any responsibility to any person for its accuracy. All interested parties should make and rely upon their own enquiries in order to determine whether or not the information is, in fact, accurate.

12 O’Sullivan Circuit, East Arm NT 0822 +61 08 8943 7300 enquiries@ gwelodevelopments.com.au

Gwelo Developments has built a strong reputation in Darwin since 1975 and the company is well known and respected. Its developments have stood the test of time and been highly innovative and the Gwelo team is a strong team of long established professionals. Skills encompass a full range of construction and project management, commercial developments and residential design providing outstanding home owner, commercial, retail and investor options.

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