News

2017-02-25 NT News: Renters still looking to live in lap of luxury

Despite the Inpex wind down, the demand for luxury rental properties remains high in the Territory’s capital, according to local real estate agents… According to rent.com.au, the Darwin rental property market experienced an overall 8.24% increase in the asking median rent to $460 per week in January from $425 per week in December 2016. The 8.24% increase was the sharpest rise across the country and makes Darwin the second most expensive city for renters, right under Sydney metro which averages $550 per week… Darwin was the only city which saw the improvement in the number of days properties were listed on market, taking on average 33 days to lease.

2017-02-23 Property Observer: Vacancy Rates

January 2017: Darwin: 3.7%

2017-02-17: LNG Industry:
INPEX holds naming ceremonies for Ichthys LNG offshore facilities

Australian Minister for Foreign Affairs, the Hon. Julie Bishop MP, officially named the project’s central processing facility Ichthys Explorer. The ceremony was held at the Samsung Heavy Industries (SHI) shipyard. (It) is the world’s largest semi-submersible platform… Meanwhile, the former Chief Minister of the Northern Territory of Australia, the Hon. Clare Martin, officially named the project’s floating production, storage and offloading vessel, Ichthys Venturer. This ceremony was held at the Daewoo Shipbuilding & Marine Engineering shipyard. Most liquids will be transferred from the Ichthys Explorer to the 336m long Ichthys Venturer for offshore processing and condensate offloading. Toshiaki Kitamura, the President and CEO of INPEX, …
“Our Project’s two gigantic floating facilities will be located in the Ichthys gas-condensate field, located about 220 km offshore Western Australia, for 40 years of continuous operation, setting new benchmarks for durability.”

2017-02-22 NT News: Billion-dollar rare earth project takes another step forward

A supplementary environmental report for a $1.19 billion rare earths mine north of Alice Springs has been lodged with the NTEPA. The lodgement represents a significant milestone in Arafura Resource’s Nolans Project. Arafura plans to mine, concentrate and chemically process rare earths at the Nolans site, 135km north-northwest of Alice Springs. The project is estimated to create up to 500 jobs in the 2-to-3 year construction phase, and employ a peak workforce of 300 in the operation phase, which is expected to exceed 40 years. Construction is estimated to cost $866 million at Nolans, including an estimated $145 million in the Territory and $70 million in Central Australia. It is expected to cost $188 million a year to operate.

2017-02-20 Mining Journal: TNG forges ahead with Mount Peake

TNG is in the final permitting stages and pre-engineering stages for the Mount Peake mine and its proprietary Tivan hydrometallurgical processing plant in the NT… TNG managing director Paul Burton: Tivan is the proprietary process that allows us to extract the vanadium, titanium and iron in high purities from a titano-magnetite ore… The vanadium storage battery market is expected to grow significantly on a global basis. Because of its size, aging power infrastructure and focus on green energy, Australia represents a prime opportunity for this industry.

2017-02-23 Straits Times:
Aussie sandalwood growers can cash in now after 15-year wait

The trees are maturing just as prices soar amid a production shortfall from the biggest producer India and rising demand from China. A kilogram of Indian sandalwood oil now sells for about US$3,000, or about 5 times as much as silver, and prices are rising by at least 20 to 25% a year… That makes the mature trees on the Australian plantations run by TFS Corp and KKR & Co-backed Santanol Group worth about US$1,500 apiece…
Global demand for sandalwood is set to gain 5-fold to 20,000 tonnes of wood a year in the decade to 2025, according to TFS, the largest plantation operator in Australia. China will account for half of the increase, where it is used in traditional medicines, handicrafts and fragrances…
TFS plans to raise output thirtyfold to 10,000 tonnes of timber a year from its 12,000ha of plantations in northern Australia… Biggest growth in demand will come from pharmaceuticals.

2017-02-23 ABC Rural:
Indonesia increases weight limit for imported Australian cattle.

The weight limit has been increased from 350 kilograms to 450 kilograms, in a move that will be of huge benefit to northern Australia's cattle industry.

2017-02-22 Austrade:
Board members announced for Northern Australia Cooperative Research Centre

A$75 million Cooperative Research Centre for Developing Northern Australia is responsible for attracting beneficial research projects to the region…The federal government has called for applications for the CRC for the A$3 million project funding round (which) will support short-term, industry-led research collaborations to develop new technologies, products and services that address industry issues and deliver tangible outcomes for northern Australia.

2017-02-16 Hansard: Minister McCarthy

Northern Territory and Japanese governments recently signed a memorandum for cooperation on 13 January… Under the MOC the Department of Primary Industry and Resources and the Japanese Minister for Agriculture, Fisheries and Forestry, will work together to develop a master plan to jointly realise commercial opportunities in agriculture and aquaculture sectors, and in the development of supply chain logistics in the Northern Territory.
This master plan will set out short, medium and long-term outcomes. In providing strong research and development for the horticulture industry, we will also focus on a number of areas. One of those is working with NT farmers to investigate which high value commodities are in high demand in Asian markets, and to map the supply chain logistics.

2017-02-24 The Australian: Darwin Port banks on near Asia siting

Landbridge recently invested $11 million for upgrading container cold-storage facilities at Darwin Port to support growth in AACo’s boxed-beef export business and other commodities… AACo ships 70-80 containers a month but he (Darwin Port Chief Executive Terry O’Connor) expects that to ‘double or triple’ soon… He cites Darwin Port’s location as its main asset… “We’ve got the infrastructure to support the biggest cruise ships in the world.”

2017-02 Darwin Airport: Darwin International Airport at a glance

2.5 million airport passengers in 2015/16. 6,500 passengers arrive or depart each day; over 2,000-person workforce, Australia’s nearest airport to Asia with direct connections to major cities in Singapore, Malaysia and Indonesia…. The airport has invested a further $73 million, expanding its capacity by 50% to cater for the future growth of Darwin and the Northern Territory.

2017-02-24 The Australian: Melville aims to be ‘oil and gas gateway’

One of the nation’s newest sea bases, AusGroup’s Port Melville, expects to add fuel sales to its woodchip exports… AusGroup describes its port as “the gateway to the economic development of the Tiwi Islands and the oil and gas industry in the Bonaparte Basin’’. The port is 100 kilometres north of Darwin.

2017-02-23 Economic Brief: Private New Capital Expenditure Dec Qtr 2016

Trend private new capital expenditure in the Territory increased by 5.3% to $1.4 billion in the December quarter 2016… The NT recorded the highest quarterly increase, equal with the ACT.

2017-02-23 Economic Brief: Average Weekly Full Time Earnings November 2016

In the 6 months to November 2016, the trend AWFTE in the Territory was $1792. This was the 2nd highest level of all the jurisdictions, behind Western Australia ($1797). (Nationally: $1592).

2017-02-22 Economic Brief: Construction Work Done December quarter 2016

In the December quarter 2016, trend engineering construction work increased by 1.6%.



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.

2017-02-15: Hansard: Mr Gerry Wood MLA

In my electorate, there is some action… on private land by a private developer... Gwelo has been working on this for a long time… It is 85% completed. It will provide about 800 jobs. That will be a tremendous boost for local jobs. It has been a boost for contractors because this is one of the biggest shopping centres around. Most of the car parking at this shopping centre will be underground; it has been built for the tropics and to attract people out bush and those coming interstate for the tourist season… this will be a stopping place for many people coming from bush… People will come to Coolalinga.

2017-02-15: NT News: Coolalinga Central reaches final stages

The 35,000sqm stage 1 shopping centre with 22,000sq m let nettable area is expected to open in May... When stages 2 and 3 are complete the full size of the retail part of the project, known as Coolalinga Central, will be on 77,000sqm of property… There are 83 residential blocks comprising individual lots of around 800sqm, 30 to 40 duplex blocks and medium density… This development when all stages are complete will have around 800 jobs in the shopping centre. We are looking at $400 million going into the economy from all sources since the start of the real estate section to when all stages of the shopping centre are complete… The centre will have a fitness centre, doctors, fashion, independent bakery, butcher and a food court in addition to the anchor tenants Coles and Kmart. A rural population estimated at more than 20,000 and nearly 17,000 cars passing the site each day adding to businesses interest.

2017-02-15: NT News: First home buyers scheme a positive sign for Elders boss

The first homebuyer scheme will drive the market. The NT has done a good job with promoting that and it will give people confidence. Interest rates are the lowest ever and it is a great time to buy. The last 2 quarters have seen substantial growth in the volume of housing sales in Darwin. Volumes rose by 8.6% in the September quarter and then by a further 20.7% in the December quarter. The median price also rose in the December quarter.

2017-02-16: proactive investors:
Falcon Oil & Gas gives more insights to massive discovery in Australia’s NT

Falcon Oil & Gas Ltd this week revealed it is sitting on a potentially massive discovery in Australia’s Northern Territory. On Wednesday, citing figures produced by Origin Energy, its partner in and operator of 16,000-square kilometres of licences, the gross best estimate of gas in place is put at a world-class 496 trillion cubic feet (TCF). Converting that to oil equivalent, it stacks up to 82bn barrels of the black stuff… within the Middle Velkerri we have also identified an “A” and “C” shale. And then there is the real potential of the Kyalla shale which has yet to be tested… based on the very encouraging results we got from the Beetaloo W-1 well 85km south of the Amungee well it is exciting… Falcon farmed out 70% of this project to Origin and Sasol back in 2014 in exchange for them carrying Falcon through approximately $200m of capex. Falcon still own 30% through our 98.1% Australian subsidiary.

2017-02-16: NT News: Massive onshore gas basin in NT

A gas field potentially 5 times the size of Inpex’s Browse Basin... has been identified in the Territory… The results, revealed by Origin Energy, mean potential royalties from onshore gas could clear the $875 million NT deficit and underpin the economy for multiple decades…

2017-02-16: NT News: Massive onshore gas basin in NT continued:

Origin integrated gas chief executive officer David Baldwin: “The Beetaloo Basin is the Territory’s most prospective onshore basin for unconventional gas and our test results further confirm the region’s outstanding shale gas potential.”

2017-02-12: ABC News:
US military grows presence in Australia as NT businesses hope to reap benefits

The NT's sparsely populated, vast open spaces belie its strategic importance… The port city of Darwin is located on the fringes of Asia with a strong existing military presence and easy access to training grounds in the skies, on land or at sea.

2017-02-17: The Australian: Australian Beef

Current live cattle industry last year saw 1,013,576 cattle worth $1.5bn exported live from northern Australian cattle stations, with 60% destined for Indonesia and 20% for Vietnam.

2017-02-15: Beef Central: Northern Territory market in good shape

There has been a massive turnaround in the Northern Territory cattle property market during 2015-2016, following years of sluggish sales. Herron Todd White’s Darwin-based valuer Frank Peacocke said the rising cattle and live export markets kick-started beef property values and transactions in the region. “Better cattle prices, an influx of foreign money and corporate investment by the likes of Gina Rinehart, have boosted confidence and created a more competitive market tension”… In 2016, 18 NT pastoral leases changed hands and the value was almost double that achieved in 2015 ($214.85), reaching $416.35M.

2017-02-14 Hansard: Tourism NT

The Territory government has just signed a memorandum of cooperation with the Japanese Ministry of Agriculture, Forestry and Fisheries to, among other things, conduct soya bean and asparagus trials in the Katherine region. We are going to develop a Japan/Northern Territory agribusiness infrastructure roadmap, including supply chain logistics.

2017-02-17 Media Release: Tourism NT

Tourism is critical to the Northern Territory, estimated to be worth $1.8 billion to the economy (GVA) and providing 15,500 direct and indirect jobs.

2017-02-16 Economic Brief: Labour Force January 2017

Trend resident employment in NT increased by 0.7%, the highest increase of all jurisdictions. Trend unemployment rate was 4%, 2nd lowest of all jurisdictions. Trend participation rate was 77.4%, the highest of all jurisdictions.



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.

2017-02-10 Reuters:
Japan's Inpex sticks to Australia Ichthys LNG output target

Japan's biggest oil and gas explorer Inpex Corp is sticking to its plans to start up its huge Australian Ichthys liquefied natural gas (LNG) export plant in July-September this year.

2017-02-08 NT News: Territory industry leaders look at what lies ahead in 2017

Minerals/Resources: We as an industry are very optimistic of a strong performance in the sector for the coming years. We have seen good strengthening in many commodity areas; there are excellent plans to bring new operations incline, to expand some more mature operations, and even return to developing sites that had been abandoned in the past.
Cattle: The economic outlook for the beef industry is positive and there is a sense of cautious optimism within industry. Fundamental supply chain indicators remain positive, with global beef demand continuing to increase while the Australian herd is at a highest low and entering a rebuilding phase. The cattle industry is well placed at the commencement of 2017… The NTCA will continue pursuing the development of a North Australian Beef Industry Strategic Plan across the three Northern jurisdictions and the continuation of development of supply chains from Northern Australia into China. Strengthening trade relationships with existing key market countries such as Indonesia and Vietnam will continue to be a focus, as well as keeping a line of sight to emerging new markets and opportunities… Our industry can expect to increase its proportional contribution to the NT economy through increased value of trade.
Farmers: Plant industries contributed $170m to the NT economy in 2015.

2017-02-11 PACOM: F22 Raptor Jets

"Pacific Air Forces will send 12 F-22 Raptor aircraft and approximately 190 airmen to Royal Australian Air Force Base Tindal in early February to conduct combined exercises and training missions with the Royal Australian Air Force" … The exercises will be part of the Enhanced Air Cooperation Initiative under the Force Posture Agreement between the United States and Australia, the Pacific Command noted… The deployment will be the first time F-22 jets have been used in combined training to such an extent in Australia

2017-02-09 9News: New team to secure NT defence spending

NT government will establish a Canberra-based team to lobby the Commonwealth and US for defence industry spending. NT Chief Minister Michael Gunner says defence infrastructure in the north is tipped to top $8 billion over the next decade and $20 billion over the next 20 years. "Darwin and Katherine in particular are becoming increasingly important on the global stage."

2017-02-09
ABC Rural Final investment decision looms for mega-prawn farm near Kununurra

The final investment decision is looming for the company which plans to build a $1.9 billion prawn farm on Legune Station near Kununurra in northern Australia. Project Sea Dragon managing director Chris Mitchell said a decision was due in March… Mr Mitchell said the $US1.45 billion project was attracting "considerable interest" from investors across Asia, Europe and US.

2017-02-08 NT News: Flying doctors build new $4m base in Darwin

A new $4 million purpose built Royal Flying Doctor Service base is to be built at Darwin International Airport…. The base will be completed in June this year.

2017-02-08 NT News: Cruise ship visitors

The cruise ship industry is crucial to the NT’s economy, generating more than $30 million in expenditure in 2016. The ships visiting during February start with the Azamara Journey and will include Pacific Dawn, Seven Seas Voyager, Radiance of the Seas, Crystal Symphony, Albatross, Legend of the Seas and culminating with the Ovation of the Seas and its 4,500 passengers.

2017-02-09 MICE News:
Darwin Convention Centre to host Qantas Australian Tourism Awards

Darwin Convention Centre will host the Awards on 24 February 2017. (They) draw more than 800 tourism business representatives along with Federal and State Tourism ministers, chief executives of State and regional tourism bodies and tourism industry personnel. In addition to hosting, the Darwin Convention Centre is a finalist.

2017-02-Australia’sTrade by State and Territory 2015-16

Exports: balance of payments basis: NT accounted for 1.9% (or $5.9bn).
Imports: NT accounted for 0.8% (or $2.8bn) – excludes imports of Natural Gas
2015-16: Estimated resident population (June): 244,880
Real GSP growth 2.7%; Real GSP per head growth 2.3%
Proportion of Australian GDP: 1.4% Unemployment rate: 4.2%
Refer: http://dfat.gov.au/about-us/publications/Pages/australia-s-trade-by-state-and-territory.aspx



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.


2017-01-31 NT News: Housing market slowly recovers

The number of potential buyers has tripled this month, according to local agents. Raine and Horne Darwin general manager Glenn Grantham … “It’s a mix of local investors and owner-occupiers who are snapping up Darwin real estate.”

2017-01-31 Property Observer: Index results as at January 31, 2017

Darwin: 4.4% total gross returns. Median dwelling price $490,000.

2017-02-02 ABC News:

Moth-balled Top End manganese mine Bootu Creek reopens as ore price recovers

"Work is currently in progress in preparation for commencement of mining activity during the first quarter of 2017," an OM Holdings ASX announcement in late January stated.

2017-02-01 NT News: Contracts away at RAAF Base Tindal

New facilities are underway in readiness for the arrival of the new F-35A joint strike fighter. The RAAF plans to acquire 72 F-35A aircraft for three operational squadrons at a cost of $17 billion. The first F-35A is expected to arrive in Australia next year. All 72 planes are expected to be fully operational by 2023 with nearly half expected to be based at Tindal. Lendlease told the NT Business Review as of last month, $33M of trade packages were awarded to NT subcontractors... “there were another 45 trade packages yet to be awarded on the NACC Tindal project, providing further opportunity for subcontractors to get involved. NACC Tindal runs until 2020, with labour peaking at more than 200” … The Growler Airborne Electronic Attack Capability Facilities Project at the Delamere Air Weapons Range will have approximately 60 trade packages awarded to industry, totalling nearly $100 million. The Delamere Air Weapons Range project is due for completion in the second half of 2018.

2017-02-01 NT News: Port’s container capacity increased

Darwin’s port now has the capacity to handle up to 250 refrigerated containers after an $11 million upgrade by operators Landbridge… 2.3ha paved handstand area was made operational in January. It will eventually have the capacity to handle 2000 refrigerated containers. Port chief executive officer Terry O’Connor… “We believe there is growth potential in refrigerated meat exports and of course seafood. We see those industries — particularly when a project like Sea Dragon comes online — benefiting from this.” Sea Dragon is a $1 billion aquaculture project on the WA/NT border. It is looking to export tiger prawns into the lucrative Asian market… Darwin is seen as an excellent staging post given its port is 7 days sailing to major Asian destinations, especially China, halving travel times from major destinations like Sydney and Melbourne… It forms part of the more than $200 million Landbridge has committed to invest in the port over the next 25 years to boost trade and tourism links with Asia.

2017-02 Land Development Corporation: updates

Barge ramp open for business: The Corporation recently saw the arrival of the first commercial vessel to our newly constructed Barge Ramp at the Common User Facility at East Arm.
Linfox on the move to East Arm: The new Linfox Logistics Facility is currently under construction (and) will upgrade and expand on current Linfox services to the NT with an initial investment of $10 million in the construction of the new inter-modal transport and logistics facility.

2017-02-02 Austrade Export Update: The sweet fruits of exporting

Manbulloo Mangoes produces thousands of tonnes of premium mangoes each year... across Northern Australia… today 10% of Manbulloo’s crop, worth about $2 million, heads to mainland China, Korea, the US and Canada. Its largest markets are China and South Korea – benefiting from the China-Australia Free Trade Agreement (ChAFTA) and the Korea-Australia Free Trade Agreement (KAFTA). “Since the launch of KAFTA we have gone from exporting 10 tonnes to over 100 tonnes of mangoes to Korea. In the last year alone, export volume has doubled… The full impact of ChAFTA has yet to be seen. Australia is really at the beginning of this. As the tariff continues to drop, the demand will just grow exponentially.”

2017-02-03 NT News: New planes come to Darwin for testing

The newest 737 aircraft in the world is in Darwin at the moment to undergo testing. Due to the hot temperatures in the NT, the Boeing 737-8MAX aircraft is here to test how it reacts to hot weather.

2017-01-29 NT News:
Ships bring big windfall More than 25,000 passengers in bumper cruise season

Eight cruise ships will visit Darwin in February, bringing almost 14,000 tourists and 12 ships in March will carry an estimated 11,600.

2017-02-01 NT News: CDU dines out on new expansion

Charles Darwin University … has taken over the Adelaide-based International College of Hotel Management. CDU Vice-Chancellor Simon Maddocks said ICHM was one of the leading hotel schools in Australia and had graduated more than 2,000 students from 88 countries.

2017-02-02 Economic Brief: International Trade December 2016

In Dec’16, the NT's monthly trade balance increased by $37 million to $405 million. The increase in the trade surplus was driven by a $49 million increase in goods exported... primarily driven by a $54 million increase in exports to China and a $42 million increase in exports to Japan. The Territory's annual total international trade balance was $2.6 billion in 2016 and represents a year on year increase of $2.1 billion.

2017-01-30 Economic Brief: Deloitte Access Economics December quarter 2016

NT economy is estimated to grow by 2% in 2016-17… underpinned by private consumption and net international exports. This is expected to partly offset decreases in private housing investment and private equipment investment as the NT transitions from a largely construction and mining investment driven economy to an export and consumption led economy. The Territory is expected to have the 3rd highest economic growth of all jurisdictions in 2016-17…
Outlook is for the NT economy to grow by an average of 2.9% pa over the 5 years to 2020-21 - the 2nd highest economic growth forecast of all jurisdictions behind Qld (3.6% pa)…
DAE notes that exports are expected to replace construction activity as the key driver of Territory economic growth over the medium term, as the Ichthys LNG Project transitions to production. NT economic growth over the 5 years to 2020 21 is expected to be supported by:
international goods exports, which are forecast to increase by an average of 17.8% and retail turnover, which is forecast to increase by an average of 2.7% pa…

Between 2016-17 and 2020-21, employment in the Territory is forecast to grow on average by 1.3% pa... unemployment rate is forecast to average 4.1% over 5 years to 2020-21, compared to 5.7% nationally… Over the next 5 years, DAE is forecasting the Territory's population to grow by an average rate of 1.1% pa.
Consumer Price Index (CPI): DAE expects the Darwin CPI to grow by an average of 1.7% pa over the 5 years to 2020 21.

 

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.

2017-01-23 Reuters: China LNG imports hit record in December

Australia shipped 22 cargoes, equivalent to 1.5Mt of LNG… For the whole of 2016, China’s LNG imports rose 32.8% to 26.06 million tonnes.

2017-01-24 PR Newswire: Singapore LNG Market to grow

According to TechSci Research report "Singapore LNG Market Demand & Supply Analysis… 2011-2025", the market for LNG in Singapore is projected to grow at a CAGR 10.39% during 2016-2025, due to the push from Singapore government towards adoption of cleaner energy sources, capacity addition of natural gas/LNG based power plants and emergence of Singapore as a regional trading hub for LNG in Asia-Pacific.

2017-01-28 NT News: Jemena hires for new pipeline

Energy company Jemena has stared hiring for the construction phase of the 622km Northern Gas Pipeline connecting Tennant Creek and Mt Isa in Queensland. The NGP has received major project status from the Northern Territory Government and is a key platform in the Australian Government’s Developing the North agenda.

2017-01-25 NT News: TNG Limited signs sales agreements

TNG Limited, which has Mount Peake, a world-scale strategic metals project located 235km northwest of Alice Springs, has signed a memorandum of understanding with Wogen Pacific, a leading global titanium trader for the long-term sales and marketing of titanium dioxide products. It has also signed one with Sumitomo Electric Industries and Energy Made Clean, a subsidiary of Carnegie Clean Energy, to collaborate on the promotion, development and growth of Australia’s Vanadium Redox Flow Battery market...
Managing director Paul Burton… “With Mount Peake now moving into the final stages of permitting and financing activities set to gather momentum in the first half of 2017, the restructure of the TNG Group via the Todd River demerger and IPO will ensure that shareholders have exposure both to the emerging strategic metals production opportunity at Mount Peake and the highly prospective zinc and base metals exploration portfolio in the Northern Territory at an opportune time in the zinc market”… TNG will also assess the feasibility and implementation of a Vanadium Electrolyte production facility in either Perth or Darwin.

2017-01-22 Military.com: 13 marine Aircraft to deploy to Australia

The Marine Corps is sending its largest aircraft element to date - 4 tilt-rotor Ospreys and 5 Super Cobra and 4 Huey helicopters, all out of Hawaii -- to the next $25 million rotation of Marines to northern Australia …The Aviation Combat Element of 13 aircraft will be hosted at Royal Australian Air Force Base Darwin… The 6th iteration of the deployment will remain at 1,250 Marines who are expected to arrive in Australia in April. Most of the Marines will be from 3rd Battalion, 4th Marine Regiment, out of Camp Pendleton in California.

2017-01-25 The North West Star: Northern Australia Infrastructure Fund

Senator Matt Canavan, the Northern Australia Minister said expanding farm and food exports, produced and processed in Northern Australia, was a core priority of the new NAIF.

2017-01-27 Nine.com.au: New Job with Gina Rinehart

Australia’s richest business woman Gina Rinehart is to have a presence in Darwin and former Chief Minister Adam Giles will be it. Mr Giles has been appointed the General Manager of External Affairs Pastoral for Australia and he will be basing himself in Darwin. The business presence of Ms Rinehart in Darwin has been welcomed by the NT Chamber of Commerce which says it will put a much needed national and international focus on Darwin and the Territory.

2017-01-27 ABC Rural:
Tropical Forestry Services buys profitable Northern Territory banana, melon farm

A mixed horticulture farm in the Northern Territory's Douglas-Daly has been bought by Indian sandalwood producer Tropical Forestry Services (TFS)… In recent years TFS has expanded its operations in the NT, purchasing a number of properties including Midway Station, Mustang Hill, Taylors Park, and Stylo Station at Mataranka… It was estimated the combined sandalwood, mahogany and acacia mangium plantings in the NT were worth up to $100 million.

2017-01-23 Economic Brief: CommSec State of the States January 2017

Northern Territory: 6th best performing economy this quarter in terms of overall economic performance, above SA and WA... NT was ranked 2nd in terms of economic growth, with current output 23.7% above the decade average level… NT was ranked 1st for unemployment (3.6% unemployment rate) and construction work done… with the level of construction work in the Sept Qtr 2016 being 30% above the decade average level, mainly due to activity associated with major gas projects.

 

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.

Newsletter

Enter your email to join our mailing list

captcha 

×
×