News

2017-04-18 Property Observer: Vacancy Rates March 2017: SQM Research

Darwin: 3.5%. Unit rents were down1.1%.

2017-04-20 Australian Mining: NT Govt considers 2nd train at Darwin LNG facility

Northern Territory Government is investing $250,000 in a $625,000 feasibility study to assess potential of developing a 2nd LNG train at ConocoPhillips’ Darwin LNG facility. NTG will provide 40%... with the rest provided by ConocoPhillips and upstream resource owners in Evans Shoal, Caldita-Barossa, Poseidon, Cash Maple and Bonaparte LNG (Petrel Tern). NT chief minister Michael Gunner said the 2nd train would represent a new development in Australia’s off-shore industry… “this is a significant investment towards the business case for potential expansion at Darwin LNG, potentially creating thousands of jobs during construction and operation”… the 1st train created approx. 2,500 jobs during construction and more than 8,500 subcontracts/ purchase orders… the facility directly supports more than 250 local jobs and provides more than $100 million pa in supply and service opportunities.

2017-04-20 ABC News: gas pipeline being considered by Federal Government,

The Government has already promised a feasibility study into a pipeline from the Northern Territory to Moomba in South Australia.

2017-04-20 E&P: ConocoPhillips could move Northern Australia Gas on proposed Transcontinental Line

ConocoPhillips will consider diverting natural gas from fields in northern Australia along a proposed transcontinental pipeline that would link directly to markets in the southeast, a senior executive told Reuters… The U.S. oil major is also leaning towards developing the Barossa gas field offshore northern Australia, with a final decision due in the first quarter of 2018… Kayleen Ewin, the company's vice president for sustainability, communications and external affairs, said
the proposed transcontinental line would open Australia's domestic market for northern producers. The system would carry natural gas from the Northern Territory to Moomba in South Australia, the hub for gas to the country's main south-eastern markets.

2017-04-12 NT News: Timor oil deal to open a door for the Territory

Darwin will be used as a logistic hub for a Queensland company which has signed a landmark onshore oil and gas deal in East Timor… Timor Resources Holdings has secured a 50% interest in two onshore blocks, as part of a production sharing contract with Autoridade Nacional do Petróleo e Minerais, a government authority of East Timor. It will commence operations transporting equipment and senior management through Darwin in the next few months. It is the first time in more than 40 years that an independent company has secured such rights. Timor Resources managing director Suellen Osborne said successful exploration discovery in East Timor, located 475km north of Darwin, could open much bigger opportunities.

2017-04 Territory Q: Beetaloo shale gas exploration

The Beetaloo Basin, about 500kms south of Darwin, holds vast shale gas resources… Amungee well drilled at a depth of almost 2.5kms… returned an average of 1.1Mcf of gas per day…. Origin estimates Beetaloo has as much as 61Tcf recognised as a contingent reserve.

2017-04-21 ABC News: Copper-zinc drilling kicks off at Mount Hardy under base metal newcomer Todd River Resources

Newly listed Todd River Resources has kicked off its copper-zinc drilling project at Mount Hardy. The company has a total of 14 projects in the Northern Territory including large led-zinc project Manburrum, close to the WA border near Kununurra, as well as a copper-zinc project near the McArthur River mine. "The focus in all the projects is zinc and copper."

2017-04-19 ABC News:
Construction to begin on Australia's first heavy rare earths mine near Halls Creek

Northern Minerals will immediately start construction on a pilot processing plant for its rare earths project, SE of Halls Creek near the WA/NT border. Known as the Browns Range Project, it will be Australia's first heavy rare earths mine, with a focus on producing dysprosium, a chemical element mostly used in magnets for electric vehicles. The construction period for the project is 11 months, with production due to start in mid-2018. The project has a capital cost of $56 million and the pilot plant is expected to operate for an initial period of 3 years.

2017-04-18 Department of Defence: 6th Rotation of United States Marines Arrive

During the 6-month rotation, the Marines will conduct approximately 10 major exercises and engage a range of regional countries, including China, Indonesia, Japan, and New Zealand. The MRF-D is part of the United States Force Posture Initiatives, which also includes the Enhanced Air Cooperation initiative. The EAC commenced in February 2017 with 12 US Air Force F-22s conducting training activities from RAAF Base Tindal.

2017-04-21 Courier Mail: Piñata Farms’ sweet Northern Territory growth

Piñata Farms will continue to expand its Northern Territory operations after a successful mango growing season… Last year the family-owned company… planted a further 20,000 trees in the NT… another 11,000 would be planted this year, ready for full production in 2024.

2017-04-15 NT News: Mango farm goldmines

A surge of interest in the horticulture industry has seen 5 Top End commercial-scale mango farms sold... Colliers International’s National director of transaction services for agribusiness Tim Altschwager… “There is quite a bit of interest in horticulture assets not only just in the Top End but around Australia … if it has scale it will sell.” Value rates were generally between $20,000 to $30,000 per planted hectare. Mangoes are predominantly grown in the NT and Queensland, which combined, produce around 95% of the total national crop.

2017-04-13 InvestinAustralia:
Research opens up opportunities for African mahogany industry

A project to optimise value from African mahogany plantations has become the first Territory project to attract forest wood products industry R&D funding... (to) be completed by June 2020. Department of Primary Industry and Resources Principal Research Scientist Dr Mila Bristow said plantation forestry was an increasingly important industry and the 2nd largest production land use in the NT after cattle grazing, with more than 49,500ha currently used to produce forestry products in managed plantations… “even a 10% improvement in productivity from management systems developed by the project would deliver an additional $15 million each year”… Dr Bristow said African mahogany has been grown commercially in the NT since 2006 to produce wood products for high value markets. “Industry estimates that African mahogany plantations (alone) will have a projected value of $150 million by 2019.”

2017-04-19 NT News: New meat facility opens markets for the NT

HOLCO’S new $5 million Winnellie facility… has allowed the company to capture the defence and mining sectors… Its storage capacity at the new facility has quadrupled from 120 to 500 pallets of chilled and frozen meat.

2017-04-11 ABC Rural:
Indonesian feedlot co-owned by CPC starts importing Northern Territory buffalo

A feedlot in Indonesia, 80% owned by the Consolidated Pastoral Company has started importing buffalo from the Northern Territory again… “we've taken nearly 200 buffalo from Darwin over to Indonesia as a trial, and so far so good”… Buffalo for the Juang Jaya Abdi Alam feedlot in Lampung's first consignment were mostly sourced from a farm near Darwin, but some were harvested from the wild… CPC chief executive Troy Setter: “several years ago Indonesia was a good market for a couple of 1,000 head of buffalo a year out of northern Australia, and I don't see why it can't get back to that again."

2017-04 Territory Q: Darwin Convention Centre

The Darwin Convention Centre… passed the $33 million a year delegate spend in 2016.

2017-04 Territory Q: Nautilus takes off in the NT

Helicopter charter company Nautilus Aviation is spreading its “rotary wings” in the NT Territory… It acquired Darwin-based Helifish in mid-2016… (and there is a ) new training school which is based at the MKT airfield at Noonamah on the outskirts of Darwin.

2017-04 Territory Q: World-class education on offer in the NT

International education and training is the NT’s 10th largest export industry… Charles Darwin University and Menzies School of Health Research is leading the industry’s growth.

2017-04-20 The Australian: no work visa job change here

Australia’s work visa reforms will not change the list of occupations Northern Territory businesses can sponsor under the hard fought NT Designated Area Migration Agreement.

2017-04-12 Deloitte Access Economics:
What’s over the horizon for the Northern Territory?

Hendri Mentz, Deloitte NT Managing Partner… “The Territory economy has magnificent growth potential for the long haul, but our small size makes us more volatile” … The rise of Asia is underpinning a matching rise in the Northern Territory’s own economy, drawing on the Top End’s considerable strengths in farming and tourism.

2017-04-18 Economic Brief: Deloitte Access Economics March quarter 2017

DAE estimates the NT economy to grow by 1.9% in 2016-17 (nationally 2.1%). DAE forecasts the NT economy to grow by an average of 3.0% pa over the 5 years to 2020-21, the 2nd highest economic growth forecast of all jurisdictions behind Qld (3.4% pa), (nationally 2.7%). NT growth supported by international goods exports, which are forecast to increase by an average of 13.6% pa and private consumption, forecast to increase by an average of 2.3% pa.
DAE expects Territory employment to increase by 3.2% in 2016-17. Between 2016-17 and 2020-21, employment in the Territory is forecast to grow on average by 1.8% pa, representing the strongest growth of all jurisdictions (nationally 1.4%).
NT’s unemployment rate is forecast to average 3.7% over 5 years to 2020-21 (equal to ACT), compared to 5.6% nationally. DAE estimates the Territory population will grow by 0.5% in 2016-17. Over the next 5 years, NT’s population to grow by an average rate of 1.1% pa, compared to average of 1.5% pa nationally.
DAE expects the Darwin CPI to grow by 0.3% in 2016-17 and by an average of 1.5% pa over the 5 years (nationally, 2.1%).

2017-04-13 Economic Brief: Labour Force March 2017

Trend resident employment in the NT increased by 0.6% to 141,544 persons, the highest increase of all jurisdictions. Trend unemployment rate was 3.5% in the month, the lowest of all jurisdictions. The trend participation rate was 78.5%, 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.

2017-04-09 NT News: First homeowner grant raising demand

The Northern Territory real estate market is continuing to show signs of resurgence as newly released data reveals year-on-year buyer demand is up 24.5%.

2017-04-03 Property Wire: Property prices up in all Australian capital cities

Month on month the highest rise was in Darwin and Hobart with growth of 3.1%.

2017-04-07 NT News: Inpex workforce to linger

A substantial construction workforce will remain on the $50 billion Inpex LNG project into 2018…
Construction and commissioning of the 2nd LNG processing train and other ancillary scopes is scheduled to continue into 2018. The current production well drilling campaign is scheduled to continue into 2019.

2017-04-09 ABC Lateline: Minister for Resources & Northern Australia Matt Canavan

Gas resources in the Territory… a great potential to grow the Northern Territory economy...
What it really potentially bodes well for the Territory is a way and means to develop their own energy security, to potentially develop their own manufacturing industry… we're also investing $100 million across northern Australia to research what exists below us, including the groundwater resources, which will be so crucial to any gas development in the Territory.

2017-04-07 ABC News: Top End abattoir applies to access Chinese beef market

The owner of the Northern Territory's Livingstone Beef abattoir says it hopes to soon sell meat to China, capitalising on increased market access… Australian Agricultural Company’s Managing director Jason Strong said the industry had been focused on China for some years, with the free trade agreement paving the way. "Any increase in market access for beef is a great opportunity… and China has been a fantastic market for us over the last few years.”

2017-04-05 AFMA: Northern Prawn Fishery banana prawn bonanza!

The Northern Prawn Fishery 2017 banana prawn season has got off to a great start with catches some of the best for several years.

2017-04-04 NT News: $1.5b prawn farm gets Bynoe tick

One of the world’s largest prawn farms is another key step closer to becoming a reality in the Northern Territory. Just weeks after the Northern Territory Environmental Protection Authority recommended approval of Project Sea Dragon Pty Ltd’s proposed Legune Station facility, near the WA border, it has completed its assessment of the proposed Bynoe Harbour facilities… Seafarms Group Limited executive director Dr Chris Mitchell said it was another step toward obtaining approvals and permission needed for the prawn aquaculture project to go ahead and provide jobs and economic opportunities for residents in Dundee Beach and Darwin.

2017-04-07 NT News: Territory high on list for airlines

Australian airlines have proven they have confidence in the Northern Territory by putting on almost 900 additional flights in 2016 compared to the year prior… Darwin International Airport, Ayers Rock Airport and Alice Springs Airport saw a combined 5.82% increase in the number of passengers arriving and departing compared to 2015.

2017-04-07 Charles Darwin University rankings

2017’s Times Higher Education Young University Ranking Top 200 under 50: CDU is 34th, and 5th in Australia, and 1st for the Innovative Research Universities. 2017’s Times Higher Education Top 50 Gen Y Universities: CDU is 11th, and 4th in Australia.

2017-04-05 NT News: Overseas student push

A high-level delegation of international education agents… has given Darwin the thumbs up as a potential growth market. 11 countries make up the delegation which visited all CDU facilities, Essington International School and International College of Advanced Education. The increasing international student market currently contributes $81 million and 450 jobs to the NT economy. There are 2319 international students currently studying in the Territory… This is a significant step towards the Territory getting a greater share of Australia’s international students. There has been double digit growth here over the past 9 to 10 years.

2017-03-31 Media Release: Federal plan for jobs and investment in the NT

NT and Queensland sign agreement to allow NAIF funds to flow once applications are assessed.. 14% of NAIF project inquiries are from the NT. Ministers from all 3 States and Territories, and the Commonwealth, will meet mid-year for a dedicated Joint Ministerial Forum on Developing the North.

2017-04-03 Economic Brief: Retail Trade February 2017

The Territory reported the equal highest monthly growth in retail trade (0.3%), equal to South Australia.

 

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.

2017-03-31 NT News: Now’s the time to buy

4 in 5 Territorians think 2017 is the best time to buy a house… The statistics, released in a new report commissioned by LocalAgentFinder, showed Territorians were the second most positive state in terms of buying a house, following closely behind Western Australia.

2017-04-01 Upstream Petroleum: Evans Shoal field returns to fold

The large Shell-operated Evans Shoal gas field off northern Australia is coming back into the liquefied natural gas fold after several years of hibernation… The field contains 8 trillion cubic feet of gas in place, but has a very high carbon dioxide content of 28% which continues to act as a barrier to development.
Earlier this month, Italian major and partner Eni brought the field back into consciousness by including Evans Shoal on its future projects list… Eni has said in the recent past that Evans Shoal “can be developed as a standalone LNG development or as supply into the Darwin LNG plant”. The joint venture owners are Shell on 32.5%, Eni on 32.5%, Petronas Carigali on 25% and Osaka Gas on 10%.

2017-04-01 NT News: Feds take closer look at gas plan

Federal Government has agreed to a feasibility study on a $1-billion north-south gas pipeline.

2017-03-30 Australian Mining:
Major project status awarded to NT’s Jervois project, more than 600 jobs to come

The Territory government awarded KGL Resources’ Jervois copper-silver-gold project a major project status... for the $190 million project, approximately 270km northeast of Alice Springs. The project is expected to create 360 jobs during construction and 300 ongoing jobs once operational, over its more than 12-year life.

2017-03-27 Media Release: $23 million facilities project to support ADF capability

Minister for Defence Personnel Dan Tehan today announced a $23 million infrastructure project to benefit Queensland, New South Wales and Northern Territory… The project is part of the Enhanced Gap Crossing capability.

2017-03-29 NT News: Northern Australia

Northern Australia - spanning all of the Northern Territory and north of the Tropic of Capricorn in Queensland and Western Australia — covers 3 million square kilometres. According to Deloitte Access Economics, the north will account for nearly 42% of the Australian economy by 2040, up from 35% in 2011.
The north’s gross regional product will increase by an average of 3% every year from 2020. One of those projects contributing will be the $50 billion Inpex project, which will be exporting gas to Japan through Darwin for the next 40 years once it starts to flow… Total capital expenditure across northern jurisdictions - WA, NT and Qld - has risen to around twice the level of investment across the rest of Australia over the last 3 years. This has little to do with the commitment of government but more the size of the opportunities are too enticing to ignore. North Australia accounts for 21.1% of Australia’s exports.

2017-04.01 NT News: Northern Australia Infrastructure Fund

Federal Resources and Northern Australia Minister Matthew Canavan… said they had received over 100 different inquiries, with 50 of them currently active. “There are about 5 projects that are close to financial close at the moment, about 14% of projects from the Northern Territory.”

2017-04-01 NT News: Strengthening NT’s bond with India

Her Excellency Harinder Sidhu the Australian High Commissioner to India visited NT Parliament House… “There has always been a relationship between India and the Northern Territory but there’s an opportunity now to build the relationship and investment. I met with CDU who already have a large number of Indian students and we had a conversation about how to deepen that relationship.” More than 3,000 people have come from India and now call the NT home.

2017-03-29 NT News: China flights a priority to develop business

Rizhao Bureau of Commerce director Li Yidong was part of the delegation that included the Mayor of Rizhao, Li Taodong, that did a tour of the NT… Mr Yidong - who has been to the NT 4 times - says the air connection is a priority. “We hope to establish a direct flight to the major cities from Darwin”
He said the agreement signed between Chinese premier Li Keqiang to expand the chilled beef market access from 11 exporters to all eligible Australian exporters could benefit the NT. “In 1 year there has been great changes at the Port. The refrigerated container site and the $11 million for the infrastructure investment is very helpful for Australian products. We saw the farms. We saw the cattle and the procedures for the abattoir (AACo’s Livingstone plant). I think… business between China companies and Australia will be more.”

2017-03-24 Australian:
Australian trade and investment to benefit from Belt and Road

Australia’s far north is a natural fulcrum from which it can leverage its relationships with key trading markets in Asia to capitalise on China’s rise as a dominant global economy. China’s little-known proposal to include Australia’s northern development plan in its ambitious One Belt, One Road Initiative will facilitate this process…
Northern Australia’s proximity to Asian markets that are forecast to account for an estimated ⅔ of the global middle class by 2030 makes it a logical destination to include in One Belt, One Road. Darwin is just 3 to 5 hours’ flying time from Southeast Asia and southern China, and it operates in similar time zones to the key Asian markets. It could benefit significantly from the investment that inclusion in One Belt, One Road could bring.

2017-03-29 NT News: Territory Tourism Flying

Over the past 3 years, the NT has seen a 69% increase in visitor numbers and an 80% increase in spending. NT has had the biggest growth in overnight visitors in the past year compared to every other state and territory around Australia.
The number of domestic overnight visitors to the NT increased by 18% to 1.5 million in the past year... Tourism employs around 15,500 workers across the Territory… The average tourist spent $1,400 for their visit to the NT, compared to an average $677 for everywhere else.

2017-03-29 Economic Brief: Engineering Construction Activity Dec Qtr 2016

In the year to December 2016, the value of engineering construction work commenced in the Territory continued to strengthen from last quarter and recorded a 26.8% increase to $989 million. Public sector work commenced increased by 66.3%, to $406. The increase largely reflects works commenced on telecommunications, which more than doubled in 2016 to $174 million, as well as increases in works commenced on roads, highways and subdivisions.
Private sector work commenced also increased, up 8.8% to $583 million.

 

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.

2017-03-17 NT News: Inpex by the numbers

1,000 locals employed during the course of the project; 7,000 workers currently employed at the site; $6.8 billion benefit to the NT economy; 1,100 NT businesses awarded more than 4,000 contracts and purchase orders.

2017-03-25 NT News: TOs green light gas pipeline

Traditional owners have given the green light for the construction of the $800m Northern Gas Pipeline…pipeline constructor Jemena announced it had reached agreement.

2017-03-22 McArthur River Mine: Draft EIS

MRM is a major open cut operation, developing one of the largest known sedimentary stratiform zinc-lead-silver deposits in the world. Mining commenced at MRM in 1995 and its current operations were approved by the Northern Territory Government in 2013 as the Phase 3 Development Project: “ore remaining from 2018: 90Mt, up to 5,5Mtpa. Contributions to govt revenue over the operational period (30yrs): $117.4M total payroll taxes and $435M in royalties paid to NTG; $1.038bn corporate taxes paid to Commonwealth... average annual site labour force of: 845 positions during operational stage.

2017-03-25 NT News: Green light for prawns

The company proposing to build one of the world’s largest prawn farms in the Northern Territory has passed one of its biggest hurdles with the NT Environmental Protection Authority giving the project the thumbs up… Seafarms executive director Dr Chris Mitchell welcomed the NT EPA’s decision… “It has been a rigorous process and the project will establish a viable new export industry in Northern Australia that will provide significant economic and social benefits for the Northern Territory and Western Australia for years to come…” The two-year construction period for stage one at Legune Station is expected to create 444 full time construction jobs and about 300 full time operation jobs.

2017-03-24 NT News: Beef deal with China

Cattlemen will press the Northern Territory’s claims as a chilled meat exporter on the back of a new deal with China and the visit of a high-level delegation to Darwin starting on Monday. The Chinese delegation from Rizhao in China, the base of Landbridge Group, lessees of Darwin port, will include its owner billionaire businessman Ye Cheng. The deal, to expand access from 11 exporters to all eligible Australian exporters, was announced by Prime Minister Malcolm Turnbull at a joint media conference with Chinese Premier Li Keqiang in Canberra…
NT Cattlemen’s Association chief executive officer Tracey Hayes said the delegation would be given a “supply chain tour” including the port and AACo’s abattoir at Livingstone. “We will put the issue of chilled exports from Darwin. We are working towards positioning NT cattle for this market… Landbridge has spent $11 million increasing its refrigerated container capacity at the East Arm port. The 2.3ha paved handstand area was made operational in January. It now has the capacity to handle up to 250 refrigerated containers, a 5-fold increase on its previous capacity. It will eventually have the capacity to handle 2000 refrigerated containers. Landbridge committed to $200 million to invest in the port over the next 25 years to boost trade.


2017-03-14 NT News: Canada invests $50m on NT cattle

The Public Sector Pension Investment Board bought Ambalindum Station and Numery Station… through the Queensland-based Hewitt Cattle Australia. The properties cover 650,000ha with an estimated carrying capacity of 20,000 head of cattle.

2017-03-22 ABC News: Feasibility study for Ord Stage 3 begins

$5 million Commonwealth-funded study into the feasibility of expanding Western Australia's Ord Irrigation Scheme into the Northern Territory will ramp up in the coming months… in WA, work is expected to begin soon on testing the feasibility of raising the height of Lake Argyle's spill way and distribution of water towards the NT. "This will be the 1st time the NT Government has undertaken a scientific study in the Keep River [area] in 40 years, with the last study published in 1977… the Government had identified the Ord Stage 3 project as one that may have the potential to "play an important role in regional development and economic growth in the north. The purpose of these studies is to examine the feasibility, economic returns and sustainability of Ord Stage 3, and provide a solid base of evidence to guide future investment decisions."

2017-03-21 The Australian:
Sandalwood giant drops bulk approach to focus on sustainable luxury

TFS, which part-owns and manages 12,000ha of sandalwood plantations spread across northern Australia, will this week rebrand itself as Quintis, to be the key global supplier of commercial quantities of sustainable sandalwood oil and timber. TFS’s production of the oil-rich heartwood at the trees’ core has jumped from just 30t in 2014 to 300t last year, while prices have risen from $US120,000t of heartwood to more than $US150,000… Sandalwood shipped from the company’s processing plant at Kununurra will now be stamped or branded with the Quintis Trustmark (QIN). Its oil and skincare products will also all carry the new brand.

2017-03-24 NT News: Here comes the Marines

An advance party of Marines arrived in Darwin last week ahead of the 6-month rotation… Three major training exercises are planned during the 6-month rotation, including Exercise Southern Jackaroo, which has in the past included lengthy live-fire drills, Talisman Sabre, which in 2015 saw a large-scale amphibious landing at Fog Bay, and Exercise Koolendong. The Marine contingent is expected to bring as many as 13 aircraft, including 4 MV-22 Ospreys.

2017-03-24 NT News: Darwin in India’s fly-sight

The Territory’s hopes of tapping into the emerging India tourist market is a step closer with one of India’s premier international airlines adding Darwin to its destination footprint. Mumbai-based Jet Airways and Singapore-based Jetstar Asia have signed a codeshare agreement for flights from Singapore extending Jet’s footprint to Darwin…Jet Airways chief commercial officer Jayaraj Shanmugam said Darwin was now an increasing feature in the itineraries of Indian travellers seeking newer leisure destinations… Jet Airways is the second largest airline in India after IndiGo with a 21.2% passenger market share… India is one of the world’s fastest growing outbound travel markets, with predictions of 50 million outbound travellers by 2020. It is Australia’s 10th largest inbound market for visitor arrivals.

2017-03-23 Economic Brief: Population September 2016

The Territory’s estimated resident population increased by 0.2% to 245,657.

2017-03-21 Our Economic Future NT Economic Development Framework

https://economicsummit.nt.gov.au Discussion draft available… The Northern Territory has the advantage of being in close proximity to Asia compared to most other Australian jurisdictions. There are 24 million people within 5 hours south of us and 400 million people within 5 hours north. The NT economy has grown considerably over the past decade supported by a steady stream of major projects. Gross state product has grown from $16.1 billion in 2005-06 to $23.6 billion in 2015-16. This is an increase of nearly 50%.

2017-03-16 Economic Brief: Labour Force February 2017

Trend resident employment in the NT increased by 0.8% to 140,604 persons in February 2017, the highest increase of all jurisdictions. Trend unemployment rate was 3.5% in the month, the lowest of all jurisdictions. Trend participation rate was 78.1%, 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.

2017-03-10 NT News: It’s all about the gas

Gas demand from manufacturing has doubled in the past 2 years while Australian LNG production is on track to become the biggest exporter of liquefied natural gas.

2017-03-10 NT News: Ticking clock for LNG plant

The outcome of a federal review of the petroleum resources rent tax could determine the fate of … the Darwin LNG plant. ConocoPhillips Australia Business Unit-West president Chris Wilson said the PRRT would be critical for the $10 billion Barossa Project to keep the Darwin LNG plant operational for the next 20 years. Without Barossa, DLNG could be closed in 2021. “The Barossa Project is unique as potentially the only Australian LNG project on the horizon. Its success is integral to the continued operation of DLNG, which supports over 1,300 direct jobs and thousands more indirectly and requires a new gas source in 2022. The Barossa Project would keep DLNG operating, employ a significant construction workforce, pay more than $5 billion in company tax and significant additional PRRT payments as commodity prices recover.” The development of the Barossa Project is to fill the void left by Bayu Undan.

2017-03-10 Australian Mining: Thousands of mining jobs on the way for the NT

The Northern Territory Government has signed Project Facilitation Agreements (PFA) for two mining projects, set to bring more than 2000 jobs to the territory… Australian metals company TNG for the location to develop the TIVAN metals refinery as part of its Mount Peake vanadium-titanium-iron project. The high technology refinery will produce high purity products from the Mount Peake vanadium-titanium-iron deposit, located 235km NW of Alice Springs…
“This is a $850 million project with potential for 500 jobs during construction and more than 200 jobs during operation of the mine, plus more than 1,200 jobs during construction and 400 jobs during operation of the refinery”. Mount Peake’s is expected to produce 17,560 tonnes of vanadium pentoxide, 236,000 tonnes of titanium dioxide (pigment) and 637,000 tonnes of iron ore for export annually. The PFA signing comes after Mount Peake received a Major Project Status and TNG managing director Paul Burton said it was another milestone as toward its development. “The TIVAN refinery is a value-added downstream process which we expect will bring significant economic benefits to Darwin and the Northern Territory and help to enhance the region’s position as the development hub for Northern Australia.” TNG is conducting an Environmental Impact Study for the refinery this year.
NT Government also granted Verdant Minerals a Major Project Status and a PFA for its Ammaroo phosphate project. The $750 million project, approximately 180km SE of Tennant Creek, is set to provide nearly 500 jobs during construction and operation… Verdant Minerals managing director Chris Tziolis… “The development of Ammaroo and other fertiliser mineral projects in the Territory could in time enable the value adding to the minerals to produce finished fertiliser products to service demand in both Asia and Australia, which now imports most of its fertiliser needs.” Under the PFA, Verdant and the NT Government will collaborate to progress the project through the its approvals process, with an Environmental Impact Statement due later this year.

2017-03-10 NT News: Resource projects

Verdant Minerals managing director Chris Tziolis said there was also potential downstream production for the production of fertilisers.
“The development of Ammaroo and other fertiliser mineral projects in the Territory could in time enable the value adding to the minerals to produce finished fertiliser products to service demand in both Asia and Australia, which now imports most of its fertiliser.”

2017-03-09 ABC News:
Second shipment of Australian buffalo sent to Indonesia since 2011

The most recent shipment of 195 buffalo was sent from Darwin Port in February, destined for an Indonesian feedlot… Northern Territory Buffalo Industry Council vice president Michael Swart
expected buffalo exports to Indonesia to develop slowly for the near future, and eventually reach about 4,000 to 5,000 head per year.

2017-03-07 Beef Central: Live cattle shipments set to grow

ABARES predicts cattle exports to increase to 950,000 head in 2017-18. Shipments are expected to gradually increase to a level around 1.05 million head in 2021-22.

2017-03-06 Beef Central: Hancock extends NT supply chain network

Gina Rinehart’s Hancock Prospecting has added another piece to its Northern Territory beef supply chain jigsaw puzzle, outlaying about $24 million to secure a large grazing holding southwest of Katherine to use as a depot facility for live exports out of Darwin.

2017-03-09 Tourism NT Industry Update: NT wins travel award in China

The Northern Territory has been named 'The Best International Potential Destination 2016' in the 'Top Spots' category at the recent China Travelers' Forum.

2017-03-09 NT News: Hotel prices head south

Darwin’s accommodation prices have dropped by 8% over the past year – the 2nd highest drop in the country, the latest Hotels.com Hotel Price Index shows. Australians paid an average of $150 per night for a stay in Darwin last year, down from $163 in 2015, while international visitors paid only $137. At the same time as the drop in room prices, Tourism NT figures show there has been an increase in people visiting the Top End, up 22% in the year ending Sept’16.

2017-03 Darwin International Airport: Preliminary Draft Master Plan

Airport activities currently support 1,800 workers (1,500 FTEs), which is 1.3% of the Territory’s workforce. Commercial and aviation activities contribute $270 million a year to GSP, which is 1.2% of the NT’s GSP. Air access is critical to the Territory’s tourism industry, supporting 5,000 jobs and an estimated $500 million a year contribution to the NT economy. Projected growth: In the next 20 years, DIA expects passengers through the airport to increase from 2 to 6 million, the number of jobs supported by airport businesses to rise to 3,000 and contribution to GSP to double… The airport is a key hub between Australia and Asia, it has no curfew and operates 24/7. It has capacity to grow. It is a joint-user facility with the Department of Defence.



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.

2017-03-02 NT News: Darwin rental yields strong

Darwin has shown to be the most profitable rental city in Australia, with gross rental yields at 5.1%, according to CoreLogic’s Hedonic Home Value Index for February 2017.

2017-03-04 The Weekend Australian:
On Board Shell’s Prelude barge, the world’s biggest vessel

The biggest vessel the world has ever seen is in the final stages of preparation ahead of its maiden voyage to its permanent home off Australia’s northwest coast. Royal Dutch Shell’s revolutionary Prelude floating liquefied natural gas facility - 50% longer and 6 times the weight of the world’s largest aircraft carrier — is deep into the commissioning process at a shipyard in Korea… The barge is positioned directly over remote offshore gasfields, removing the need for long underwater pipelines and allowing the exploitation of reservoirs previously considered too far from shore to warrant a dedicated onshore LNG plant… (Shell) expects to be generating cash flow from the project in 2018.

2017-03-02 Australian Mining: Mining Investment

Canadian think-tank, Fraser Institute… survey ranks 104 jurisdictions around the world based on geologic attractiveness and the extent government policies encourage or deter exploration and investment… Northern Territory: 20th.

2017-03-02 Media Release:
Indonesian live export market moves from strength to strength

With an increase in the weight limit from 350kg to 450kg for live feeder cattle, alongside an increase in the age limit, Australian farmers will have the ability to produce a greater range of cattle for the Indonesian market at competitive prices… Australian agricultural exports to Indonesia were worth $3.1 billion in 2015-16—including live cattle exports worth $578 million, making it our biggest market for feeder cattle.

2017-03-01 NT News: Defence work push

This weekend, for the first time, the NT will have a presence at the Avalon Australian International Aerospace and Defence Expo… Avalon is a great opportunity to discuss the capabilities of NT industry and to continue to build relationships with prime contractors. We want to ensure that the defence industry knows that Territory business have the capacity to deliver on major projects.

2017-02-27 Charles Darwin University E-News: Business School ‘among the best’

The School of Business has been ranked among the world’s 1000 best for the first time. The Paris-based Eduniversal Rankings Agency has awarded CDU “Two Palmes of Excellence”, noting that it has a “good business school with strong regional influence”.

2017-03-03 Katherine Times: Territory tourism sector a standout performer

Federal Minister Senator Nigel Scullion: The Northern Territory’s tourism industry is a standout performer… Tourism is growing in the Territory and we should celebrate its success… In 2015-16, one-and-half-million Australians enjoyed a getaway up here – up 52% on the figure 3 years before. This is remarkable growth and a testament to the marketing and quality of tourism products on offer up here.
And according to the National Visitor Survey, domestic tourists spent more time and money in the Territory in 2015-2016 than anywhere else in the country. On average, Australian tourists stayed almost a week up here, with each interstate visitor spending on average almost $1,400 – an outcome that resulted in more than $1.8 billion being injected into the local economy.

2017-03-02 Economic Brief: International Trade, Year to January 2017

Exports: NT’s top goods export destinations: Japan ($1.7 billion, reflecting LNG exports from Darwin LNG plant), and China ($1.4 billion, predominately mineral ores including manganese, and concentrates such as zinc and lead).
Imports: Top 3 countries from which NT sourced its international goods imports: Thailand ($480 million), Singapore ($244 million) and Malaysia ($215 million). The majority are manufactured iron and steel products, attributed to the import of modules related to the Ichthys LNG project.

2017-03-01 Economic Brief: State Final Demand December quarter 2016

Territory state final demand increased by 3.1% to $7.6 billion in the December quarter 2016… driven by an 8.1% increase in investment...



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.

2017-02-25 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.

2017-01-17 PennEnergy: Inpex lets subsea contract for Ichthys gas, LNG project

Inpex Australia has let a 5-year, subsea and geoscience services contract to Dutch multinational services firm Fugro NV for operations on Inpex’s Ichthys natural gas-LNG project in the Browse basin… includes field operations support, inspection, repair, and maintenance services.

2017-01-16 offshore technology:
Inpex installs subsea infrastructure at Australia's Ichthys Field

Inpex has announced the successful installation of subsea infrastructure and equipment that would extract gas and condensate from Ichthys Field in Browse Basin, offshore Australia... The network is spread across a 400km2 area of the Ichthys Field… The LNG project is now ready for the central processing facility and floating production, storage and offloading (FPSO) facilities, which are currently being developed in South Korea… The Ichthys LNG Project will assimilate advanced and biggest offshore facilities in the Western Australia with onshore processing units in the Northern Territory.

2017-01-16 Australian Financial Review: We need some fast answers on gas crisis

If the large-scale destruction of gas-intensive manufacturing in eastern Australia is to be averted and gas is to play the role of a transitional fuel in meeting Australia's Paris commitments, then governments, industry and unions will need to consider, as a matter of urgency, ways to make extra, reliable supplies of gas available… The third possibility is the construction of a pipeline from the Northern Territory to Moomba in South Australia, connecting NT gas reserves to the eastern Australian gas grid. Championed by Ian Macfarlane when he was industry minister, the 1000-kilometre pipeline between Alice Springs and Moomba could link the Browse Basin to eastern Australia. Since the federal government is considering a $1 billion concessionary loan from the Northern Australia Infrastructure Fund for a rail link from the Adani coalmine in Queensland, it might also consider a loan for the proposed pipeline.

2017-01 Territory Q: Verdant on verge of export boom

Phosphate could become one of the Territory’s main industries for generations. It is the key component of fertiliser, which is in increasing demand… Verdant Minerals hopes to start freighting rock phosphate from Central Australia north to Darwin on the AustralAsia railway and then shipping it to Asia in late 2019.

2017-01 Territory Q: Territory wins Training Hub

A major industry training centre is proposed for Darwin. The Australian Oil and Gas College (AOGC)… The wide range of skills training includes practical drilling and subsea. The AOGC is expected to be up and running in the second quarter of this year. Operations manager Dave Walker says Darwin was chosen because … “It’s perfectly placed in the north of Australia and on the doorstep of Asia… Darwin has a growing reputation as a gas focal point… On top of the lucrative offshore gas industry, there is also huge potential for onshore oil and gas exploration and extraction…" Similar colleges are to be opened in Aberdeen and Singapore.

2017-01 Territory Q: Defence to propel NT economy

The Federal Government plans to spend up to $10 billion in the Territory as part of the massive military build-up in northern Australia. The US Government will spend up to $2.5 billion…. Contracts include the multimillion-dollar resurfacing of runways at Darwin International Airport and Katherine’s Tindal air force base to handle the KC-10 refuelling tanker planes. “There are great opportunities for local business” says Chamber of Commerce Chief Executive Officer Greg Bicknell. He expects defence expenditure to begin at the beginning of the dry season.

2017-01 Territory Q: Australia’s National Critical Care and Trauma Response Centre

The innovation and capability of the NCCTRC was shared with more than 65 countries last month… at the Emergency Medical Team’s global meeting in Hong Kong… (This) followed the successful global verification of the Australian Medical Assistance Team (AUSMAT) in Darwin in October… AUSMAT joins Japan, Russia, China and Israel in being globally verified.

2017-01 Territory Q: Training Tradies to be the best

The tradies trained by the CDU School of Trades play a key role in the Territory’s economic development. The VET School of Trades statistics are impressive: it delivers 46 full qualifications and 16 short courses, and there are more than 4,000+ students enrolled, including 1,349 apprentices. The School of Trades has 75 lecturers.

2017-01-19 Economic Brief: Labour Force December 2016

Trend resident employment in the NT increased by 0.7% in December 2016. This was the highest increase of all jurisdictions. The NT’s trend unemployment rate was 3.6% in the month, the lowest of all jurisdictions. Trend participation rate was 76.2%, the highest of all jurisdictions.

2017-01-18 Economic Brief: Engineering Construction Activity Sept quarter 2016

In the year to September 2016, the value of engineering construction work commenced in the Territory increased by 6.9% to $935 million. This was the first year on year increase since the December quarter 2013.

2017-01-18 Economic Brief: Building Activity Sept quarter 2016

In the year to September 2016, non-residential building activity in the Territory increased by 6.1% to $761 million.

2017-01-18 Economic Brief: Sensis Business Index December 2016

Net balance business confidence level of Territory small and medium enterprises (SMEs) in their own business prospects over the next 12 months increased by 7 percentage points to +16%



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.

2017-01-11 NT News: What was 2016 really like for Territory industry?

The late rebound of the (property) market in 2016 will hopefully flow in to 2017…
The Territory’s cattlemen were optimistic at the start of 2016, for good reason. Of all the industries, they climbed high and hit a new peak during the year when they announced the local industry was worth $1 billion…
NT farming industry is valued at $244 million, with 97,500 tonnes from horticultural production and 80,000 tonnes from rain-fed hay production. Total estimated area of production is 8,800ha of irrigated horticultural crops, 20,000 ha of rain-fed hay production…
One of the major resource positives of 2016 was the settling of the Northern Gas Pipeline. Jemena became the successful bidder for the $800 million 622km Tennant Creek to Mt Isa in Queensland pipeline. This will create hundreds of jobs during construction and transport excess gas from Blacktip to the eastern seaboard…
Construction is built off foundations and the groundwork for the Defence sector had been put in place well in advance. The construction industry started pounding on Canberra’s doors in 2016, clamouring for work ahead of the Defence White Paper. Meanwhile, on the ground the $150 million Palmerston Regional Hospital, $300 million Gateway Shopping Centre and a $1.7 billion Government infrastructure spend kept things ticking over. Inpex continues to be a driver.
The high point came in the form of Landbridge Group. Having leased the Port of Darwin for 99 years for $506 million, it started to spend money on infrastructure development. A refrigerated container hardstand was begun. It was also the successful bidder for a luxury hotel and in 2017 will look at starting the $250 million project. It has flagged a $100 million ship terminal too.

2017-01-04 NT News: Darwin home prices start to climb again

CoreLogic’s latest home value index shows Darwin was Australia’s best performing capital city in the December quarter, with a 5.9% bump in home prices.

2017-01-02 NT News: Darwin’s hot property

Darwin house prices were among the fastest growing of any capital city in the nation during the past decade, new NT News analysis has revealed. An analysis of Real Estate Institute of Australia data showed Sydney house prices had the greatest surge, ballooning exactly 100%...
Melbourne houses were next best (up 94%), with Darwin’s third on 57%.

2016-12-28 LNG Industry: Inpex updates on Ichthys progress throughout 2016

John Bramley, Project Director, JKC Australia LNG, said that strong progress has been made this year across all scopes of work on the Ichthys Project Onshore LNG Facilities…
“In 2H16, the LNG project reached peak construction. In May 2016, the 18 non-cryogenic storage tanks were safely completed, and the last of 230 pre-fabricated modules arrived in September. Construction of the LNG trains is continuing with mechanical, piping, electrical and instrumentation works taking place… the permanent operations facilities are nearing completion. This signifies the beginning of the transition from construction to operations.”

2017-01-12 Platts:

New LNG projects to boost Australia's condensate production in 2017-18
Australian LNG production is set to double from 43M mt in 2016 to more than 80M mt in 2019, which would be even more than Qatar's estimated annual production of 77M mt, making it the largest producer of LNG, according to Platts Analytics. Three more LNG projects -- Wheatstone, Ichthys and Prelude -- are due to start up in 2017… Condensate production at Ichthys is expected to peak at 100,000 b/d, while Prelude and Gorgon are expected to peak at 36,000 b/d and 20,000 b/d, respectively.

2016-12-30 LNG World Shipping: 2017 brings new momentum to LNG shipping

Of the 5 world-scale liquefaction trains due to commence commercial operations in 2017, 4 are in Australia – Gorgon Trains 2/3, Ichthys T1 and Wheatstone T1. … Japan is the world’s largest LNG importer, accounting for 30% of global trade… Chinese LNG imports were on target for a 27% jump in 2016, to around 25Mt. Year-on-year shipments to India were 36% up by early November, expected to reach 20Mt for 2016…

2016-12-23 ABC Rural: global gas supplies grow

Head of Asia Pacific Gas & LNG research at consultants Wood Mackenzie, Kerrie-Anne Shanks… “We expect there to be around 260Mt of LNG produced globally in 2016… since 2014, 60Mt of new capacity has started operation, and a further 110Mt of capacity is under construction... We've had China importing record amounts of LNG and we've seen a lot of new markets emerge such as India and across South East Asia. And normally when countries import gas they continue to do so and they've already developed the necessary gas infrastructure and continue to use it.
We actually think the role of gas in the global fuel mix has constantly been increasing as countries look to more environmentally friendly fuels."

2016-12-21 Australian Mining: Santos offloads Mereenie stake to Macquarie

Santos will sell a 50% interest in the Mereenie oil and gas field in the NT to Macquarie Group, which will join Central Petroleum as owners of the asset.

2016-01-06 Australian Mining: Merlin Diamonds - 5th largest diamond

Merlin Diamonds has discovered a 35.26 carat brown diamond at the Merlin diamond mine in the Northern Territory, the 5th largest diamond unearthed in Australia.

2016-12-20 ABC Rural:

'Bonanza gold' shows up in Tennant Creek, mine projects on track for 2017

High grade gold has continued to show up on the Edna Beryl project in Tennant Creek, a joint campaign between Evolution Mining and Emmerson Resources Ltd… first ore is anticipated in 2017. Rob Bills, managing director of Emmerson Resources said the gold was very high quality.

2016-12-19 finfeed: Northern Minerals negotiates important EPC contract

Northern Minerals has followed up the MoU announced on November 23 with the negotiation of an engineering, procurement and construction (EPC) contract with Sinosteel Equipment and Engineering (MECC) for the delivery of the Browns Range pilot plant. Through the development of its Browns Range project, NTU is to be the 1st significant world producer of dysprosium outside of China… (an essential ingredient in the production of dysprosium neodymium iron-boron magnets used in clean energy and high technology solutions).

2017-01-13 Media Release: Confirming agricultural development ties with Japan

The Northern Territory and Japanese governments today signed a Memorandum of Cooperation which will maximise the access of Territory agri-businesses to the Japanese market. The historic agreement, involving the Japanese Ministry of Agriculture Forestry and Fisheries, will promote and progress research and development projects in agriculture and aquaculture in the NT while also developing supply-chain logistics into the Japanese and South-East Asian markets.

2017-01-11 NT News: NT cattle properties to remain in demand in 2017

Niche rural agricultural markets of Northern Australia should continue to attract global attention in 2017, according to director and principal of Tanami Rural Property Sue Brosnan (who) experienced a huge 2016 realising significant sales of pastoral and agricultural properties across the NT and WA. She sold 7 properties and more than 1.5 million hectares worth $144 million. “The pastoral market in the Northern Territory is continuing to be strong”.

2016-12-30 NT News: Gina Rinehart

She is the single largest private landholder in the Northern Territory, owns more than 1.5% of Australia’s total land area, and ended the year as one of the top 3 beef producers in the country with a herd of about 300,000 cattle… Ms Rinehart now has 21 stations, which include properties owned by her company Hancock Prospecting and Australian Outback Beef — the joint venture between Hancock and Shanghai CRED.

2016-12-19 Beef Central: Large shipment of breeders depart Darwin for Indonesia

A large shipment of heifers, believed to be the biggest single delivery of breeding cattle exported from Australia to Indonesia, will depart Darwin for Surabaya this week… 3,741 breeding cattle.

2017-01-11 ABC Rural: NT Buffalo Industry Council hopes 20,000 buffalo will eventually be processed or exported

Live exports of buffalo have been slowly increasing over the past few years, with 5,792 buffalo leaving Darwin Port in 2016… 3,981 buffalo went to Vietnam and 1,212 were exported to Malaysia. Late last year Australian Agricultural Company (AACo) began a commercial trial processing buffalo at its Livingstone abattoir, with the possibility of allocating one day per month to buffalo… "We are getting inquiries from the Middle East, China, and Vietnam."

2017-01-11 Sourceable: Employment Outlook

Project Managers are needed for defence related developments in the Northern Territory.

2017-01-03 NT News: F-35 build

Darwin and Katherine will play a key role in an Asia Pacific hub for the 72 joint strike fighters Australia is buying. Territory business is already reaping the rewards from Australia’s $17 billion commitment to the JSF program with millions of dollars being spent on major works at RAAF Base Tindal near Katherine…
The F-35A Lightning II aircraft will be based at Tindal and RAAF Base Williamtown, NSW. From time to time the F-35A will operate for short-term exercises, such as Operation Pitch Black, at RAAF Base Darwin. The first JSF aircraft will arrive in Australia in late 2018, with the complete fleet of 72 arriving by 2022.

2016-12-21 Media Release: CDU receives $16m Christmas present

Government had committed $1.9bn to R&D and training researchers in 2017, including more than $1bn through the Research Training Program which supports over 40,000 Masters and PhD students pa. CDU 2017 allocations: Research Support Program: $9,221,705 and Research Training Program: $6,965,956. (Total: $16,187,661).

2016-12-21 ABC Rural: Research continues into water infrastructure projects

CSIRO received $15 million from the Federal Government to go towards a Northern Australia Water Resource Assessment in the NT, Qld and WA. Top End component: work is being carried out on Finniss, Adelaide, Mary and Wildman river basins. The soil and water study into potential agricultural zones could play a big role in determining Darwin's future water supply.

2017-01-10 NT News: Visitor numbers to rise in Top End despite Wet

Top End is looking forward to a bumper Wet Season. with tourist numbers expected to be higher than in previous years. Cruise ships alone will bring in almost 37,000 throughout the Wet, more than half of the total passengers during the 2015/2016 financial year in 5 months. Last financial year, almost 62,500 people travelled to the Top End on cruises. “2015-16 was the busiest ever cruise season for the NT with 45 ship visits to Darwin plus five visits to remote Aboriginal communities at Yirrkala, and on Elcho and the Tiwi Islands.”

2017-01-04 NT News: A Territory love affair

Growth in domestic visitors to the Northern Territory boomed 17.5% (3.3% increase in Darwin).

2016-12-26 Newsport: Tourism Industry in Northern Australia

Federal Parliament’s Northern Australia Committee has commenced an Inquiry into Opportunities and Methods for Stimulating the Tourism Industry in Northern Australia… The Committee Chair, Hon Warren Entsch MP, said: “Tourism is an industry central to the economy of many parts of Northern Australia and has the ability to provide greater short and long term economic opportunities for communities across all regions.”

2016-12-21 NT News: Tourism kicking goals

Domestic tourists spend more time and money in the Northern Territory than any other state or territory, according to figures released today in the National Visitor Survey. The statistics show Australian visitors to the NT spent an average of 6 days and $1,373 here. That’s double the national average spend per person on domestic holidays, which is $668 per person. The average length of a domestic tourist’s stay nationally was 4 days.

2016-12-18 NT News: City told to brace for cruise boom

Ovation of the Seas, the biggest cruise ship Australia has seen, will spearhead a bumper start to 2017 with more than 30,000 cruising tourists stopping in Darwin in the first 3 months.

2017-01-10 Economic Brief: Retail Trade November 2016

NT reported the 3rd highest monthly growth in retail trade, equal to NSW and Victoria… In the year to Nov’16, retail spending in the Territory increased by 0.9% to $3.1 billion.

 

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.

2016-12-09 gcaptain.com: Farstad Finds Work Off Australia

Norwegian offshore service vessel owner Farstad has announced it has been secured work for a total of 6 vessels offshore Australia…. it has received a LOI from ConocoPhillips Australia Exploration to charter Far Sirius and Far Saracen to support their upcoming Barossa drilling campaign due to commence in January 2017. McDermott Australia has also awarded 2 AHTS contracts to assist with the mooring operations of the INPEX-led Ichthys LNG Project’s FPSO and processing facility. This is due to commence within Q2 2017. In addition, the Ichthys LNG Project has also extended the contract for the AHTS Far Sword by an additional 17 months starting from March 31, 2018.

2016-12-12 Forbes: Greater Sunrise

…if the gas is sent to backfill ConocoPhillips’ existing LNG export plant in the northern Australian city of Darwin, once Bayu-Undan is exhausted… East Timor would receive $8.5 billion in revenues based on the 50/50 split under the current terms with Australia…Reusing the Wickham Point LNG plant in Darwin would also extend the economic life of Bayu-Undan beyond 2020-22 as Greater Sunrise would be connected to Bayu-Undan by a 207km shallow-water spur pipeline..
The window of opportunity to send Sunrise gas to Darwin will close fast. International gas buyers are expected to sign new supply deals starting around 2024-25 as global LNG markets are forecast to tighten. ConocoPhillips is currently assessing backfill options for its LNG export plant in Darwin to capture the new demand opportunities. Its preferred supply option would be Sunrise, but it has other alternatives, including its Caldita-Barossa and Greater Poseidon fields in Australian waters, as well as third-party gas supplies…
Barossa field is already being assessed as a backfill option for the LNG plant in Darwin with prelim. engineering studies underway. ConocoPhillips will carry out appraisal work in 2017 with a view to approving the project late 2017 and getting 1st gas exported from Darwin by 2023.

2016-12-14 NT News: Grand $800m gas pipeline on schedule

JEMENA hit its main design and procurement milestones for the Northern Gas Pipeline during 2016 in readiness for construction starting next year…NGP Project Director Jonathan Spink is confident the necessary approvals can be achieved and construction can start in April. “The NT is largely all signed up, we’ve secured land access for more than 450km of the route.”

2016-12-14 Core Exploration Ltd: Acquires Large Tenement Prospective for Lithium in Northern Arunta Pegmatite Province in NT

Core Exploration Ltd is pleased to announce that it has acquired a 100% interest in granted Exploration Licence 31058 comprising 574km2 in the Barrow Creek Pegmatite Field in the NT… Core's Managing Director Stephen Biggins commented: "Core believes there is an excellent fit between the lithium potential of Barrow Creek Pegmatite Field, direct rail link to Darwin Port and Core's objectives to make Darwin and Core's Finniss Lithium Project near Darwin a central processing and global transport hub for NT lithium and spodumene production as forecast increasing lithium demand continues to grow."

2016-12-16 Australian Mining: Merlin Diamonds finds rare blue diamond

Merlin Diamonds has recovered a rare blue diamond from its Merlin diamond operation in the Northern Territory… although it was “only a small diamond at 0.124 carats” it demonstrates the potential for valuable coloured diamonds at Merlin… “Blue diamonds are one of the rarest diamond colours and high-quality blue diamonds are known to command prices higher than pink diamonds.” Merlin is currently ramping up operations at the NT mine, which commenced pilot production in 2013.

2016-12-09 mining-journal.com: Teck, Rox pick up Prospector award

Teck Australia general manager Ian Sandl and manager of exploration Mike Taylor, together with Rox managing director Ian Mulholland, were named Prospectors of the Year for their work in identifying the Teena prospect within the Reward project in the Northern Territory. Rox announced a maiden resource for Teena of 58 million tonnes at 12.7% zinc and lead for 7.4Mt, or 16.3 billion pounds, of contained zinc and lead in June, the biggest high-grade resource announced in Australia in the past 20 years.

2016-12 Engineers Australia:
Northern Territory Infrastructure Investment Update 2016

NT has experienced above average economic growth and growth in living standards for some time. An important driver has been the extraordinary growth in and scale of resources sector construction, including on necessary supportive infrastructure… In the 5 years to June 2015, the Territory economy expanded by 27.5% and its population has increased by 8.3%...
GDP increased by 136.4% from $9.5bn in Jun’91 to $22.5bn in Jun’15; the NT’s population increased by 47.4%, from 165,493 to 243,911 and the standard of living, as measured by GDP per person, increased by 60% from $57,533 per person to $92,107 per person, 2nd only to WA… The Territory’s economy has performed much better than the national economy for a long time and there is no sign of the slowdown in growth observed at the national level…
ABS has prepared projections of Australia’s future population in states and territories and in each capital city. These suggest that by 2030, well within the lives of many current infrastructure assets, the Territory’s population will increase by 25.6% to 312,429… 46.2% of the increase is expected to occur in Darwin and the remainder throughout other towns and settlements…
The Territory is now Australia’s second export LNG hub. Developments began in 2006 with the commissioning of the East Timor to Darwin gas pipeline and the onshore processing facility. In 2016 the Ichthys LNG project will come on line and processing, pipeline, port, transport and utility requirements are all reflected in the private sector statistics. Other oil and gas related projects include the construction of a marine supply base, maintenance and operations hub and a common user area all in Darwin. Individual projects are large in the national context and huge in the Territory context. … In 2014-15, construction increased to a level almost 4 times higher than the average in the preceding decade. Private sector engineering construction on resources and heavy industry completed that year was $5.8 billion. This was 11% of national engineering construction in this sector…

2016-12-15 Cairns Post: Northern Australia Infrastructure Fund

Chief Executive Laurie Walker told a Cairns Chamber of Commerce breakfast yesterday that nearly 90 projects were in the pipeline… Diversification criteria would ensure economic benefits would be spread evenly between Queensland, the Northern Territory and Western Australia.

2016-12-14 NT News: F-35A comes up trumps

Australia has a $17 billion commitment to the JSF program... The F-35A Lightning II aircraft will be based at RAAF Base Tindal near Katherine and RAAF Base Williamtown… Works at RAAF Base Tindal include an F-35A Operational Precinct… From time to time the F-35A will operate for short term exercises, such as Operation Pitch Black, at RAAF Base Darwin. The first JSF aircraft will arrive in Australia in late 2018, with the complete fleet of 72 arriving by 2022.

2016-12-14 Sydney Morning Herald: US to fly F-22 Raptors

The US will begin flying… the F-22 Raptor, out of northern Australia next year, the most senior American commander in the Pacific, (commander, US Pacific Command, Admiral Harry Harris) has revealed… Strategic analysts widely see northern Australia as vital territory … Euan Graham, the Lowy Institute's director of international security (said) while the rotation of marines in Darwin got more attention, the stationing of planes was much more strategically significant.

2016-12-14 Beef Central: The year that was – Northern Territory

Andy Gray from Ruralco Property in Darwin: NT remained a very robust property environment… “International buyers are particularly keen to shore-up supply chains and are pulling out their cheque books and buying country. In the last 12 to 18 months, there has been a massive push into the north… the livestock market is going to be very strong for the foreseeable future which will support a very bullish property market.”

2016-12-15 Media Release: NT Seafood

More than 650 businesses across the Northern Territory are directly involved in the professional seafood industry, which employs more than 1,500 people… There is an estimated $1.4 billion invested in licences, vessels and equipment operated in Northern Territory waters, land based support structures and aquaculture ventures.

2016-12-17 NT News: Farmers declare rambutan season ‘best ever’

NT Farmers Association industry development officer Greg Owens said rambutan growers were reporting heavy crops across the Territory.

2016-12-16 NT News: Port Melville approved

The marine supply base at Port Melville on the Tiwi Islands has been approved… Port Melville is currently used to send Territory woodchips to Asia. It’s operator, Singapore-based Ezion, has indicated oil and gas activities could happen in the future.

2016-11 Tourism NT: Annual Report

The signs for tourism across the Territory over the past 12 months are encouraging. Increased numbers of Australian visitors travelling for business and holiday purposes contributed to total overnight expenditure of $2.22bn in the NT during 2015-16. Overall, the total number of visitors to the NT last financial year grew by 28% to 1.735 million. Looking just at holiday visitors, the segment on which Tourism NT has the greatest impact, numbers were up 18% to 815,000…
Accommodation: 8,859 short-term accommodation rooms establishments of 15+ rooms) were available in the NT as at 30 June 2016 compared to 8,448 rooms the year prior… average daily rate for Darwin at $189 per night in June 2016 compared to $202 per night the year prior.
Business Events: 77 will take place over the next 3 years representing 38,000 room nights, 15,239 delegates and an estimated business visitor spend of $40.4 million for the NT economy.

2016-12-13 NT News: Planes’ new lives

In the past week 4 aircraft have left Asia Pacific Aircraft Storage, based at Alice Springs Airport…
Managing director Tom Vincent said of the 26 aircraft the company had received since Oct’14, 24 had left… The low humidity environment, the available space and the lower cost of storage mean it is beneficial for airlines to use the facility, rather than taking up precious space at places like Singapore’s Changi Airport, which is only a 5-hour direct flight from Alice Springs. Mr Vincent said the business was the only one of its kind in the Asia-Pacific region… (he) hopes to more than double the capacity of the facility in 2017, with the development of stage two.

2016-12-15 Economic Brief: Labour Force November 2016

NT’s trend unemployment rate was 3.7%, lowest of all jurisdictions, equal with the ACT. Trend participation rate was 75.2% in the month, the highest of all jurisdictions.

2016-12-15 Economic Brief: Population June quarter 2016

NT’s estimated resident population increased by 0.3% to 244 880 in the June quarter 2016...
the 3rd highest quarterly increase of all jurisdictions, equal to NSW and behind Qld and Vic.

 

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.

2016-12-09 Nikkei Asian Review:
JGC to chip in on Australian floating LNG plant (Prelude)

JGC will help put the finishing touches on the world's largest floating liquefied natural gas plant, to be located off the coast of NW Australia… Shell's plant will be located roughly 500km offshore. (with) an annual production capacity of 3.6Mt… The plant has been mounted onto a vessel at a South Korean shipyard, and is in the testing stage now. Over 90% of the construction appears to have been completed, and the plant is expected to start operating as early as next year.

2016-12-08 Mining Weekly: Work starts on Exploring for the Future Programme

The Association of Mining and Exploration Companies has welcomed the federal government’s implementation of the $100-million Exploring for the Future programme, which seeks to boost productivity and competitiveness of the minerals sector. Resources and Northern Australia Minister Matt Canavan said that the Exploring for the Future project would focus in particular on exploration in Northern Australia. “Some of the 1st activities under the programme are now under way, including a A$3.1M project in the Northern Territory to map the electrical conductivity of the ground to better understand the location of mineral and energy resources.” In addition, a $3.8M project would explore a 550km seismic line across Qld and the NT to help identify the location and size of possible oil and gas resources.

2016-12-08 Invest in Australia:
Conference aims to boost NT exploration investment

Annual Geoscience Exploration Seminar: 28/29 March 2017… According to the Fraser Institute, the Territory remains underexplored and is one of the world’s top 10 most attractive regions for mining investment. New geoscience data and exploration results from across the Territory are highlighting exciting new areas of potential.

2016-12-07 NT News: Billions on offer for construction industry ahead of defence infrastructure projects in NT

Territory construction businesses are on notice to prepare for the next wave of defence infrastructure projects… economic modelling forecast defence spending would increase the size of the NT economy by about 5% over a decade… The first defence construction projects will begin rolling out in the dry season with work at Tindal RAAF base. More projects will kick into gear at the end of 2017… More than 8% of Australia’s permanent defence force members serve in the NT and defence personnel and families form approximately 6% of the NT’s population. The Defence White Paper has a focus on investment in defence infrastructure in the north — $20 billion in the next 20 years in Northern Australia.

2016-12-10 NT News: Rinehart empire expands

Gina Rinehart is officially the single largest private landholder in the NT after her consortium’s $365M bid to buy Kidman & Co cattle station was given the greenlight by Treasurer Scott Morrison… Hancock (Outback Beef - the consortium majority owned by Ms Rinehart’s Hancock Beef) will control the board and day-to-day operations, keeping it Australian-owned. It has also offered to increase herd size by 20,000 head of cattle over the next 18 months and invest $19M in capital improvements. In July, Hancock acquired the Riveren and Inverway cattle stations, southwest of Katherine. A month later, she bought Phoenix Park, on Florina Rd in Katherine.

2016-12-06 Bureau of Meteorology:
New Bureau operations hub for north-western Australia opens in Darwin

Today the Bureau of Meteorology officially opened a brand new purpose-built Observing Operations Hub in Darwin to service the Bureau's observations network across NW Australia.

2016-12-04 Media Release: Australia and China agree open aviation market

Australia and China have settled arrangements for a landmark open aviation market… Minister for Infrastructure and Transport Darren Chester and Minister for Trade, Tourism and Investment Steven Ciobo said the historic arrangement paves the way to further strengthen the bilateral relationship and offers boundless opportunities for Australian tourism and trade.

2016-12-08 Economic Brief: International Trade October 2016

The Territory's annual total international trade balance was $2.2 billion in year to Oct’16 and represents a year on year increase of $1.5 billion… NT’s top goods export destinations were Japan ($1.7 billion, reflecting LNG exports from the Darwin LNG plant), and China ($1.1 billion, predominately mineral ores including manganese, and concentrates such as zinc and lead).
Top 3 countries from which the NT sourced its international goods import: Thailand ($788M), Singapore ($265M) and Malaysia ($192M). The majority of Territory imports are manufactured iron and steel products, attributed to the import of modules related to the Ichthys LNG project.

2016-12-07 Economic Brief: State Final Demand September quarter 2016

In trend terms, Territory state final demand (SFD) increased by 3% to $7.3 billion (nationally, domestic final demand increased by 0.2% in the quarter). The quarterly increase in trend Territory SFD was driven by a 0.9% increase in consumption and a 6.7% increase in investment.



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.

2016-12-04 Property Observer: SQM Research, Residential Asking Prices

Week ending 29.11.16. Darwin houses: $616,700. Units: $442,400.

2016-12-02 Propertywire:

All capital cities in Australia see property prices rise in November bar Melbourne
In Darwin values were up 3.7% month on month and ¼ on ¼… for the first time since February 2015, Darwin’s annual growth rate has moved back into the black… The November results also show a rise in transaction numbers across the Darwin market over recent months, supporting the moderate improvement in market conditions that the hedonic index is showing.

2016-11-28 offshore-technology.com: Australian Oil & Gas

The value of Australian LNG exports is forecast to increase by 41% to $23bn in 2016-17… Most of Australia’s known remaining oil resources are condensate and liquefied petroleum gas associated with giant offshore gas fields in Browse (NT), Carnarvon and Bonaparte (NT) basins.

2016-11-28 Proactive Investors:

Falcon Oil & Gas looks forward to Aussie shale gas progress
Drilling in Australia has proved very successful … US companies Falcon Oil & Gas Ltd highlighted that its partner Origin Energy intends to meet with the Northern Territory authorities soon to discuss a revised timetable for its shale gas venture… A new resource evaluation report is currently being worked on to further detail the size and scope of the discovery and the potential of its surrounding areas.

2016-12-04 Media Release: Barramundi farm growth

In 2015/16 Humpty Doo Barramundi (HDB) produced 1,700 tonnes of premium salt water barramundi (estimated revenue more than $16 million) … making it Australia’s largest producer and the most successful Aquaculture industry in the Territory. HDB is owned by a 5 generation Territory family and is a home grown business with a 23 year history in the NT … Expansions will double the production capacity of the farm over the next 12 months increasing their export market and building a strong economic future. Future expansion plans would see HDB produce 10,000 tonnes of premium salt water farmed barramundi valued at over $100 million at the farm gate and employing 100 people.

2016-11-30 ABC Rural: NT Farmers' economic survey reveals Darwin agricultural production worth $77 million more than Ord Valley

The report… lists the gross value of production for NT plant industries at $244.4 million, excluding forestry… Litchfield Shire, which includes Darwin's rural area, accounts for $122.7 million of the production, which compares to the Ord Valley's production value of $45 million, as reported by the WA Government in 2013. The two other Top End agricultural regions, Katherine/Mataranka/Douglas Daly and Central Australia, were valued at $103.2 million and $18.5 million respectively. In the year surveyed, 97,500 tonnes of goods were produced from the horticulture sector… Mangoes were the highest valued commodity at $88.5 million, with melons the second highest at $52.6 million. Other production areas of significance included Asian vegetables, other vegetables, grapes and nurseries.

2016-01-12 NT News: Airnorth spreads wings

The Territory’s homegrown airline Airnorth has spread its wings… The 1st commercial flight from Darwin to Toowoomba landed at Wellcamp airport, 160km west of Brisbane… via Townsville … and marks another chapter in the Northern Territory airline’s growing success story. Established in 1978 and with its hub based in Darwin, Airnorth is 2nd to Qantas as the oldest airline in Australia. Airnorth services more than 20 destinations including: Darwin, Katherine, Tennant Creek, Alice Springs, Maningrida, Milingimbi, Elcho Island, Gove, Groote Eylandt and McArthur River in NT, Kununurra, Broome, Port Hedland and Perth in WA, Townsville, Cairns and Mount Isa in Qld, Melbourne Vic. and Dili East Timor. It is the major aviation operator in Northern Australia… the flights would also improve connectivity between the Australian Defence Force’s major bases in Darwin, Townsville and Toowoomba. Airnorth carries more than 300,000 passengers pa.



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.

 

2016-11-22 NT Legislative Assembly, Hansard:

Chief Minister: Japan and China respectively are the NT’s 1st and 2nd largest trading partners. In 2014-15 the 2-way trade relationship with Japan was worth $4.1 billion. With China it was worth $2.2 billion. Korea is in the Territory’s top 10 trading partners, with 2-way trade worth $302 million, a figure that has more than doubled over the past 10 years…
Darwin is a critical emerging hub in the multimillion dollar oil and gas service and supply industry. I am determined to leverage for good effect the $110m investment that has been made in the Darwin Marine Supply Base so their companies think of Darwin first when it comes to resupply logistics and maintenance support.
In 2014-15 the Darwin port was the busiest live export port in the world, and the demand is growing. The burgeoning Asian middle class wants Australia’s clean and green beef, both boxed and live…
Minister for Primary Industries: Cattle production is the largest primary industry sector in the Territory, contributing $360m annually to the Territory economy. With add-ons such as road transport, loading and handling, it is estimated that this is a $1bn industry.

2016-11-21 Financial Review: Americans see 'huge potential' in the NT

US companies are eyeing new business opportunities in the Northern Territory, including the possibility of introducing driverless trucks and automated abattoirs, after meeting with the government to explore opportunities for collaboration. "There's huge potential," James Carouso, US Charge d'Affaires, told The Australian Financial Review after taking a delegation of US companies to Darwin last week. They included GE, engineering groups Bechtel and KBR, defence consultant Leidos and manufacturing conglomerate 3M…
Sam Maresh, GE's senior director of government affairs and policy, said new opportunities were emerging for the company – which has been working on the Ichthys liquefied natural gas project – as the NT's economy shifted towards investment in industrial services, energy and renewables and defence.
3M, which has a small presence in Darwin, wants to support industry development in the region and is considering expanding a centre that trains people how to use clothing and equipment designed for safety protection. "As industry grows to support the infrastructure development in defence, agriculture and Darwin as an export hub into Asia, we want to be there on the ground supporting that industry" said Damien Jones, general manager of 3M's electronics and energy business group.

2016-11-21 Hansard: Australia – United States Relationship

The Force Posture Agreement, which will see up to 2,500 US Marines rotate through the Northern Territory, is a key enabler of our future security in the Northern Territory. The Force Posture Agreement was signed in 2014 and came into force in 2015. 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 25-year life of the agreement. This initiative is bringing a large amount of money into the Territory. It not only provides training for ADF personnel but stimulates the local economy.

2016-11-19 Media Release:

Northern Australia Tropical Disease Collaborative Research Program
The Coalition Government has announced almost $6 million in funding to support the Northern Australia Tropical Disease Collaborative Research Program. This program drives innovative, high quality research into the diagnosis, treatment and prevention of tropical disease, and builds strong collaborative networks and domestic capacity in tropical health. Awarded to the Menzies School of Health Research in Darwin, the program brings together a multidisciplinary collaboration of researchers to improve health outcomes in the tropical north of Australia… the program will support innovative research into the prevention, diagnosis and treatment of tropical disease. “Research that will be undertaken will work towards protecting the north from emerging infectious threats and further promote engagement with our regional neighbours.”

2016-11-18 Media Release:

Visa changes to provide economic boost to Northern Australia
Work and Holiday (subclass 462) visa holders who undertake 3 months' work in Northern Australia in tourism and hospitality or agriculture, forestry and fishing will be eligible to apply for a second Work and Holiday visa. "Tourism and agriculture are key industries for Northern Australia and they often require more workers in their peak seasons. These changes will entice more young people to experience Northern Australia and support these vital sectors."

2016-11-23 Economic Brief: Construction Work Done September Quarter 2016

September quarter 2016, in trend terms, construction work done in the NT: $1.7 billion.
Year to September 2016, total construction work done in the NT: $7 billion.
Year to September 2016, engineering construction activity: $5.6 billion.
Year to September 2016, the value of residential building work done in the NT: $585 million.
Non-residential building work increased by 7.1% to $768 million in the year to September 2016.



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.

2016-11-15 Property Observer: SQM research - rentals

Darwin, week ending 12 Nov 2016: Houses $546.30, units $433.40.

2016-11-18 The Australian: China – LNG and South Korea - LNG

China, the world’s largest energy consumer, wants to reduce its overwhelming reliance on coal, including by increasing the proportion of its energy produced by natural gas to 10% of the mix by 2020, a rapid 66% rise from 6% in 2015. The country’s gas consumption increased last year by 3.7%... The South Korean free-trade agreement has delivered a $1 billion boost to Australian exporters, with Korean imports of Australian liquefied natural gas tripling in only 2 years… The gas export market had more than tripled… now worth $1.4bn, with the removal of a 3% tariff.

2016-11-16 NT News: Gas still crucial to the NT’s power requirements

Former resources minister Martin Ferguson said there will be demand for Northern Territory gas over the next decade. The International Energy Agency forecasts that global demand for gas will rise by as much as 47% over the next 25 years. “NT onshore gas production will not initially be aimed at international markets. It will target the NT and eastern states gas markets. And the eastern states need more gas.”

2016-11-14 Interfax Global Energy: Darwin LNG prioritises backfill over expansion

ConocoPhillips, operator of the Darwin LNG facility, is continuing to search for backfill gas that could supply the plant once its reserve base is depleted early next decade. Operational since 2006, Darwin is Australia’s 2nd-oldest export plant after the North West Shelf project and has a nameplate capacity of 3.7mtpa. In the current low oil price environment, it is also one of the few competitively priced Australian LNG suppliers and one of the few projects feasible for brownfield expansion in the coming decade, when Asia Pacific demand is likely to rebound.

2016-11-18 Media Release: $14.3M Multi User Barge Ramp opens at East Arm

The Barge Ramp will provide Defence with logistics support and a strategic interface between land and sea for up to 60 days per year, including logistic support capability for the Royal Australian Navy’s two new Landing Helicopter Dock ships and amphibious vessels... the ramp provides close to 24/7 barge access for loading and unloading troops and Defence equipment.
For the remaining 300 days of the year, the facility will be available for commercial use by private barge operators... (it) will build capacity in the local industry to compete for work in the oil and gas, resource, marine and Defence industries.

2016-11-18 Media Release: $4.1M Export Yards

This investment in the Berrimah Export Yards is for the construction of two significant shed structures which will hold 4,000 head of cattle… Cattle production is the largest primary industry sector in the Territory, contributing $360 million annually to the Territory’s economy.

2016-11-18 Economic Brief: Gross State Product 2015-16

In 2015-16, the Territory's gross state product increased by 2.7% to $23.6 billion. This was the 4th highest increase of all jurisdictions… Net exports of services increased by 66.7% and net exports of goods increased by 50.2%, resulting in an increase of 50.6% in net exports of goods and services to $3.9 billion… In 2015-16, the Territory's real GSP per capita increased by 2.3% to $96,906, the highest rate of increase of the jurisdictions (nationally: $69,421)

2016-11-17 Economic Brief: Labour Force October 2016

Territory’s trend unemployment rate: 3.5% in the month, 2nd lowest of all jurisdictions (national: 5.6%). Trend participation rate was 74.7%, the highest of all jurisdictions (national: 64.5%)



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.

2016-11-10 NT News: INPEX pipeline now ready for gas

THE offshore and onshore pipe sections have been welded together marking a major milestone on the Inpex-led Ichthys LNG Project. Joining the 2 sections - 882km offshore and 8km onshore - means the pipeline is now ready to deliver gas from the offshore Ichthys Field to the project’s onshore facilities at Bladin Point near Darwin for processing. The 107cm diameter pipeline is the longest subsea pipeline in the Southern Hemisphere and the third longest in the world.

2016-11-04 FinFeed:
Funding allows Northern Minerals to make a start at Browns Range

Heavy rare earths developer, Northern Minerals announced that it had received the first $9 million tranche as part of a $30 million equity investment by Huatai Mining, part of Chinese coal trader Shandong Taizong Energy… allows NTU to commence pre-commitment works for the development of a pilot plant at its Browns Range project… spanning the WA and NT border. Management views the area as highly prospective for heavy rare earth element dysprosium, an essential ingredient in the production of dysprosium neodymium iron-boron magnets used in clean energy and high technology solutions.

2016-11-11 ABC Rural: NT abattoir runs first full commercial buffalo slaughter trial

The Australian Agricultural Company's (AACo) abattoir near Darwin has this week held its first full commercial trial processing buffalo, effectively switching to a bi-species plant. It is the latest milestone for the Livingstone Beef processing facility, which is now slaughtering between 480 and 500 head of cattle each day, which equates to 75-80 tonnes of meat per shift.

2016-11-09 Beef Central: Darwin shipping

Cattle shipments from Darwin are returning to larger volumes … Australia’s northern cattle trade now anticipates orders will be received for between 120,000 to 150,000 cattle between now and December 31, 2016.

2016-11-09 ABC Rural: NT mangoes attract strong demand from Asian importers

Northern Territory mangoes are in high demand from importers in Singapore and China. Australian mangoes were selling for around $45 per tray in Singapore… air-freight costs to Singapore were only slightly higher than sending mangoes by road to Sydney.

2016-11 NTEPA: Project Sea Dragon

Project Sea Dragon Pty Ltd is proposing to establish a core breeding centre and broodstock maturation centre at Point Ceylon in Bynoe Harbour, approx. 120km by road from Darwin… Project Sea Dragon is a large-scale, integrated, land-based prawn aquaculture project in northern Australia designed to produce high-quality, year-round reliable volumes for export markets for Black Tiger prawns… Potential at final stage to produce greater than 100,000tpa of Black Tiger prawns, generating export revenue of $1.6 billion pa. It is a staged development of up to 10,000ha of production ponds at Legune Station in the NT, and supporting facilities across WA and the NT.

2016-11-01 Australian Defence Magazine: The Singapore Link

F-15 and F-16 fighter squadrons are frequent visitors to RAAF Bases Darwin and Tindal.

2016-11-09 AAP: Embrace Asia

Darwin Port chief executive Terry O'Connor said Chinese billionaire Ye Cheng paid $506 million to lease Darwin Port because he knows the increasing wealth and changing dietary tastes from Asia's middle class will power demand for Australian produce. "Welcome to the maritime Silk Road. The presidents of America and China don't talk about Melbourne or Sydney, they talk about Darwin. It's a strategic position. We're Australia's Asian port. We are in Asia, whether the rest of Australia accepts it or not"… Mr O'Conner also flagged tourism as a critical growth area in the next 10 years, adding that in 2017 Landbridge's Mr Cheng wants to spend $250 million on a luxury hotel and a new cruise ship terminal in Darwin.

2016-11-10 Media Release: Eight million visitors - Australia sets new tourism record

Australia welcomed more than eight million international tourists over the last 12 months… To drive further growth from our largest tourism market, the Prime Minister and Chinese President have jointly designated 2017 as the Australia-China Year of Tourism.

2016-11-07 Hansard HoR: Tourism

Tourism provides 8.1% of the Northern Territory's employment and 4.5% of our gross state product. The GSP percentage is the highest of all states. It is only 1.7% in Western Australia and 4.3% in Tasmania… In 2014-15, visitors spent $1.85 billion in the Northern Territory. In 2014-15, again, international spending grew by 18% to $460 million and domestic spending grew by 3.4% to $1.4 billion.


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.

2016-11-03 Property Observer: Rent.com.au

Darwin median property per week: $470 (behind Sydney at $520)

2016-11-01 NT News: Rising house sales cause for optimism in Territory

According to the Real Estate Local Market report, released by Real Estate Institute NT… house sales for overall Darwin, taking in Darwin, the northern suburbs and Palmerston, were up 6.6% for the quarter… Median unit price $460,000.

2016-10-31 Courier Mail: CommSec - average floor area of a new detached house

Victorians: building the biggest houses in Australia at 241.1sqm, followed by Queenslanders, 237.7sqm and NSW, 227.4sqm. In WA the average was 227sqm, Northern Territory 205.3sqm, South Australia, 202.4sqm, ACT 180.8sqm and Tasmania 188.1sqm.

2016-10-30 NT News: Inpex to last for decades

Inpex chief executive officer Toshiaki Kitamura said he hoped the Ichthys project would contribute to the Territory economy for the “next two or three generations… We have around 70 projects globally but this Ichthys project is a world-class, huge, challenging project and this is key for future growth. Ichthys project will provide 70% of its energy product to Japan, so it’s a very important contribution to energy security.” Mr Kitamura said the company was keen to explore other opportunities for energy projects in the NT… Darwin’s deepwater port and newly established marine supply base made it an attractive oil and gas hub, he said… The Territory also extended the option on the lease on land surrounding the Ichthys project for 15 years, giving the company the opportunity to expand its operations in the future.

2016-10-07 Upstream: Evolution is speeding up at Darwin LNG

ConocoPhillips is well into the early engineering phase of its Caldita-Barossa development, while Inpex is immersed in peak construction of the huge offshore facilities and onshore LNG plant for its Ichthys project. Both companies have just revealed their latest ideas and aspirations for the region. ConocoPhillips has unveiled plans to deploy two large floating production, storage and offloading vessels over its Caldita-Barossa and Greater Poseidon resources. One, or possibly both, will provide backfill gas into Conoco-Phillips’ Darwin LNG plant…
Lean gas from Caldita-Barossa will be exported via a 260km, 26-inch subsea pipeline to a tie-in point on the Bayu-Undan pipeline, also operated by ConocoPhillips. The FPSO for Greater Poseidon will be almost identical, with gas to be exported to Darwin LNG onshore via a 640km, 26-inch subsea pipeline to a tie-in point on the Bayu-Undan line. Timing of first gas from both developments will be dictated by the availability of spare capacity at Darwin LNG, says Steve Ovenden, ConocoPhillips Australia’s vice president for growth, adding that capacity should become available in 2022 with the tail-off of production from the Bayu-Undan field.
For cost reasons, the US operator is prioritising backfill into Darwin, rather than the construction of a second LNG train… The operator intends to move into the front-end engineering and development phase on Caldita-Barossa in late 2017. Before that happens, the company and its joint venture partners will use the semi-submersible drilling rig Atwood Osprey to drill two appraisal wells, starting in early 2017. ConocoPhillips says it has also identified 5 other 3rd party gas discoveries in the Bonaparte and Browse basins that could be brought into Darwin LNG.
A new LNG train is currently not economic, but is very much an option in the future “and will be key to monetising further stranded gas beyond the backfill resource”, says Ovenden. ConocoPhillips has government approvals to expand Darwin’s capacity to 10Mtpa, up from the current 3.5Mtpa. The Caldita-Barossa field is located in the Bonaparte basin in water depths averaging 250 metres. The field owners are operator ConocoPhillips with 37.5%, SK Energy on 37.5% and Santos on 25%. The Greater Poseidon fields are in the Browse basin in average water depths of 500 metres. The co-owners are Conoco-Phillips with 40%, Origin Energy on 40% and PetroChina on 20%.
Meanwhile, Inpex is working intensely on its US$34 billion Ichthys LNG project, and, according to the company’s director of corporate co-ordination, Hitoshi Okawa, the project is almost 90% complete. “People talk about the Ichthys project coming to an end, but that couldn’t be further from the truth. We are in fact racing to the start… The Ichthys project is designed with expansion in mind. Once constructed, it will offer the opportunity to unlock gas resources in the Browse and Bonaparte basins, and also a means of commercialising onshore discoveries in the Northern Territory.” The Ichthys offshore gas pipeline has 5 hot-tap tie-in points that will facilitate the development of more gas, “either ours or third-party gas”, says Okawa. The LNG site at Bladin Point has sufficient land to support up to 4 additional LNG trains.

2016-11-02 Media Release: Northern Gas Pipeline on Chief Minister’s China Agenda

The Northern Gas Pipeline, which is due to be completed in 2018, will create more than 900 jobs during construction… There will also be ongoing maintenance and operations teams based in Tennant Creek. Jemena - the private sector owner and operator of the pipeline - will offer up to 100 contracts to Territory businesses, worth around $112 million.

2016-11-04 Media Release: New Business Park to be developed by Landbridge

Landbridge will develop the Landbridge Industry and Logistics Park for port and trade related logistic activities within the East Arm Logistics Precinct... Tenants are expected to be Chinese and Australian businesses focussing on trade between the Territory and Landbridge’s Chinese base in Rizhao. Logistics activities, including cold store facilities, are expected to be a significant component of the Industry and Logistics Park.

2016-10-29 Weekend Australian: Pitch Black 2016

More than 90 combat jets (and) 2,800 personnel from 10 countries took part in the exercise… The main advantage of Pitch Black over other regional air-defence exercises is the size of airspace available… immediately south of Darwin to a point 200 nautical miles (370km) further south and 150nm (278km) west to the coast; from the desert floor to an altitude of 60,000 feet. Within that area lie Bradshaw Field Training Area and Delamere… “It’s rare for us to have a training opportunity like this, especially in the Pacific” says US Air Force Lieutenant Commander Mark Heusinkveld, commander, the 14th Fighter Squadron, normally based in northern Japan.

2016-10-31 Media Release:

New Scholarship Program to Boost International Education
A first-of-its-kind Study in Australia’s Northern Territory Scholarships program will be offered providing international students with the opportunity to further their studies in the NT… A total of 36 scholarships will be offered - 4 each for China, India, Indonesia, Japan, Korea, Nepal, Philippines, Timor-Leste and Vietnam - in an equal partnership between the NT Government and training and international education providers… The program aimed to increase awareness of the Northern Territory as a quality study and research destination for international students.
“Last year, 2,160 international students from 85 countries undertook study or research with Northern Territory institutions at a sector value of $55 million – it is important to our economy.” International education is Australia’s 4th and NT’s 9th largest export industry… The scholarships are for High School ($10,000), English language ($5,000), VET ($7,500) and Higher Education - undergraduate and postgraduate ($12,000).

2016-11-02 NT News: NT mangoes heading to Korea

The first air shipment of 500 cases of mangoes from Katherine’s Manbulloo Mangoes will arrive in Seoul on Monday. Regarded as a high-end product in Asia, about 80 tonnes of Aussie mangoes will hit Korean supermarket shelves this year. About half are from the NT.

2016-11-01 Travel & Tourism News: Qantas and Tourism Australia join hands

Qantas and Tourism Australia have signed a $20 million deal to promote Australia to the world.
The 3-year agreement involves a joint investment from Qantas and Tourism Australia to attract more international visitors to Australia, with a focus on the US, Asia, the UK and Europe… In addition to the new partnership with Tourism Australia, this contribution to tourism promotion includes marketing partnerships with NSW, Queensland, Victoria, Western Australia, Tasmania and Northern Territory marketing agencies.

2016-11-01 BITRE: International Airline Activity

Through Darwin Airport Year Ended August 2016: 262,538 international passsengers.

2016-10-24 Economic Brief: The Territory’s Trading Partners Year to Sept 2016

Imports: Top 3 countries: Thailand ($877 million), Japan ($273 million) and Singapore ($268 million). The majority of Territory imports are manufactured iron and steel products, attributed to the import of modules related to the Ichthys LNG project.
Exports: top destinations: Japan ($1.8 billion, LNG exports from Darwin LNG plant), and China ($1.1 billion, predominately mineral ores incl. manganese, concentrates such as zinc and lead).



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.

2016-10-29 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.

2016-09-21 ABC News: New incentive scheme encouraging first home owners

REINT chief executive Quentin Kilian said there was good news on the horizon for investors as the new Gunner Government's 1st home buyer incentive was beginning to show some stimulation of growth in the market… Darwin still had some of the highest rental yields in Australia. "An investor looks at yields as a return on their investment, [and] we've still got rental yields sitting at 4.8 to 4.9% in the Darwin market which is extremely strong when you compare that to other major capital cities."

2016-09-21 Property Observer: SQM Research, Rents Index

Darwin houses: $563.90; units: $436.10

2016-09-22 offshoretechnology.com: Inpex’s Ichthys LNG project

French firm Veolia's MPPE unit has been selected to treat the gas/condensate-produced water stream from Inpex-operated Ichthys LNG project’s floating production storage and offloading facility… The unit has been loaded to Korea and placed on the vessel. Ichthys LNG project will involve offshore preliminary processing of gas from the Ichthys Field to remove water and extract condensate before being transported to onshore LNG processing facilities in Darwin

2016-09-23 ABC Rural: Live cattle export companies resume shipments to Vietnam

The SEALS-operated Nine Eagle is expected to set out for Vietnam loaded with cattle from the Darwin Port on Friday afternoon. Frontier's 2nd shipment, under the new conditions, departed Darwin on Thursday afternoon… Industry has been spending millions of dollars on an animal traceability system in Vietnam, which includes CCTV cameras.

2016-09-21 ABC Rural: Melbourne property developer Jason Yeap draws multiple investors to buy 50% stake in famed Tipperary Station

Melbourne lawyer and property developer Jason Yeap led the bid to secure part-ownership in the NT pastoral leases Tipperary, Litchfield and Douglas West. The total area of the adjoining properties SW of Darwin is 3,863 sqkm of both cleared agricultural land and grazing country…

Mr Yeap said the size of the properties, access to water and close proximity to the Darwin Port made it a strong investment for those joining the syndicate.

2016-09-21 Media Release:
Funding to support vital NT roads under Northern Australia Roads Programme

More than $360 million is being rolled out for new road upgrade projects in northern Australia, with $130 million being invested in the first 4 Northern Australia Roads Programme projects in the Northern Territory… “The funding will improve the safety and reliability of critical routes and support economic growth in the nation's north” … Infrastructure, Planning and Logistics Minister for the NT, Nicole Manison: “Outback Way provides a strategic east-west link across central Australia… Plenty Highway, part of the Outback Way, has been identified by NT Cattlemen's Association as a key road for cattle industry growth in Central Australia... Keep River Road upgrade is of serious local importance—by supporting proposed infrastructure projects such as Project Sea Dragon and Ord Stage 3 it has the potential to stimulate economic development and population growth. Adelaide River Floodplain is notorious in the Top End for wet season closures. This project will provide all-weather access for the extractive industries, tourism, defence as well as Territorians in Arnhem Land.”

2016-09-22 ABC Rural: Mangoes

The Northern Territory's mango season is ramping up, with over 15,000 trays dispatched out of the Top End last week. The first NT mangoes were picked in July this year.

2016-06 Department of Agriculture & Water Resources: Agriculture, Fisheries and Forestry in the Greater Darwin region of the Northern Territory, 2016

In 2014-15, the gross value of agricultural production in the Greater Darwin region was $55.11 million… Darwin region has a diverse agricultural sector. The most important commodities: livestock for meat ($20.87M), followed by mangoes ($11.84M) and melons ($9.82M)… Greater Darwin region accounted for 91% ($3.72M) of the total value of the Territory's nursery production… Commonwealth managed Northern Prawn Fishery was the most valuable fishery in the NT, with gross value of production in 2013–14 of $115M, across the entire fishery (some of which is landed in Qld)... Darwin is a major landing site for this fishery… It is estimated that NT residents and visitors spend nearly $51M pa on recreational fishing, with the purchase of vessels and vehicles and their associated running costs.

2016-09-14 Department of Defence: Inaugural Regional Commanders’ Conference

The Commander Australian Fleet, Rear Admiral Stuart Mayer, hosted 14 of his counterparts or their representatives in Darwin for the inaugural Regional Commanders’ Conference to discuss maritime security and interoperability in the Asia-Pacific.

2016-09-22 NT News: Charles Darwin retains top 300 ranking

Charles Darwin University has kept its top 300 global rank in the Times Higher Education World University Rankings for 2016-17 and placed equal 11th out of 35 Australian institutions.

2016-09 CBRE Hotels: Australian Hotel Market Update year ending June 2015

Darwin Average Daily Rate: $184.60, Occupancy Level: 69.4%, RevPAR: $128.15.

2016-09-16 Media Release: Entrepreneur Visa and points test changes go live

New Entrepreneur visa provides a pathway to permanent residence and allows entrepreneurs with $200,000 in funding from a specified 3rd party to develop and commercialise their innovative ideas in Australia. In addition, changes to the points test for skilled migration have been made to encourage international students who have completed Australian postgraduate research qualifications in a science, technology, engineering or mathematics field to remain in Australia. (They) will be granted additional points under the skilled migration programme.



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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.

 

2016-09-06 NT News: Final pieces delivered as Ichthys takes shape

The final phase of the $37 billion Ichthys LNG project has begun… Ichthys LNG Project general manager of construction Vince Kenny said the modules were the last of 230 which have been shipped in since 2014. “This is a really significant occasion as it signifies the end of the module delivery and also the final stages of construction and then the commencement of testing, commissioning, and start-up of the gas plant”… Some 8,000 people are working at the site constructing the plant which is due for completion next year… Once completed the Ichthys LNG Project will employ 350 to 450 staff and has an expected lifespan of 40 years. It can produce about 8.9 million tons of LNG, about 1.6 million tonnes of LPG per year, and 100,000 barrels of condensate per day.

2016-09-07 NT News: Final pieces delivered as Ichthys takes shape

Darwin Port yesterday commissioned a new Pilot Boat… meeting the demands with the commencement of the new INPEX LNG ships, which will realise one LNG tanker a day through Darwin Harbour from towards the end of 2017.

2016-09-07 NT News: $6 million in port work goes local

Rusca Bros has begun work after winning a $6m contract with Darwin Port at the East Arm Wharf… part of the construction of the Refrigerated Container Park and the Strategic Hardstand Development… The facility will significantly increase refrigerated container capability at East Arm Wharf to better service Northern Australia’s horticulture, aquaculture and agricultural industries, exporting into South East Asia.

2016-09-07 Katherine Times: Tindal plays part in Northern Shield

Personnel based at Katherine’s RAAF Tindal are playing a crucial role in Operation Northern Shield which is currently underway in northern Australia.

2016-09-11 NT News: Front-row seat

Exercise Kakadu will begin tomorrow morning… the Royal Australian Navy’s premier exercise in Territory waters every two years. Kakadu 2016 will be one of the largest iterations of the exercise with 19 nations taking part in or observing.

2016-09-08 Economic Brief: International Trade July 2016

In the year to July 2016, the top 3 countries from which the Territory sourced its international goods imports were Thailand ($841 million), Japan ($678 million) and Singapore ($284 million). NT’s top goods export destinations were Japan ($1.9 billion, reflecting LNG exports) and China ($1.1 billion, predominately mineral ores e.g. manganese, and concentrates of zinc and lead).

2016-09-07 Economic Brief: State Final Demand June Quarter 2016

In trend terms, Territory state final demand (SFD) increased by 0.5% to $6.8 billion in the June quarter 2016. Nationally, domestic final demand increased by 0.5% in the quarter.



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.

 

2016-09-02 Property Observer: CoreLogic gross rental yields

Darwin houses 5.2%; Darwin units 4.1%. (Sydney and Melbourne have each recorded the lowest gross rental yields across the capitals for houses at 2.8%; with units in Sydney at 3.9% and in Melbourne at 4%.)

2016-09-01 Property Observer: Home Value Index
CoreLogic Annual change in dwelling values over past 10 years

Darwin: 4.3% (Sydney 6.8%, Melbourne 7.2%)

2016-08-31 NT News: Election win boon for first home buyers

Territory Labor committed to a stamp duty concession of up $24,000 for first home buyers purchasing an existing property from September 1. The existing $26,000 first homebuyer grant for new properties will remain… Incoming Chief Minister, Michael Gunner said Labor’s scheme would mean the first $500,000 of a first homeowner’s purchase would be stamp duty free, capped at $650,000… Labor will offer first home buyers of existing homes $10,000 for renovations, including $2,000 for household goods.

2016-08-24 Property Observer: Vacancy Rate

Darwin, July 2016: 3.1% (July 2015: 3.5%)

2016-08 Jemena: Northern Gas Pipeline, Draft EIS

The NGP Project will transport gas from the Northern Territory to the Eastern Gas Market… Construction is currently scheduled to commence in early 2017 with the pipeline system planned to be operational in 2018:

location NGP news bulletin

2016-08-31 Kingston Resources Ltd: first Bynoe tenements granted

The Bynoe Pegmatite Field is the largest and economically most important pegmatite field in the NT… Kingston controls one of the largest lithium tenement portfolios in the Northern Territory, with over 2,000km2 of tenure at Bynoe, Wingate and the Northern Arunta.

2016-08-17 Marindi Metals:
Marindi to acquire Rox Resources’ interest in world-class Reward zinc joint venture

Teena is a world-class deposit… one of Australia’s best base metal discoveries of recent times… Marindi also holds extensive tenure in the McArthur River Basin, both at Yalco Project to the north… and immediately adjoining the Reward Project at the Caranbirini Project.

2016-08-26 NT News: Pastoral sales ‘staggering’

In 2015 there were approximately 14 pastoral transactions made in the Northern Territory and the Kimberley in WA showing a combined sale price, real estate only without stock and plant, of around $181 million… it’s the drastic increase in sales activity in 2015, compared to the previous 5 years, that is interesting. In 2014 there was $66.8 million in total sales or an average of $35.1 million per annum over the 5 years to 2014… However, it’s nothing compared to what has taken place in 2016. In the year to date, and assuming 8 sales currently under contract actually settle, 5 of these are with the Foreign Investment Review Board, the total sales of pastoral real estate in the NT/Kimberley will have reached a staggering $417.2 million. Of this, $307 million is in the NT and $110 million is in the Kimberley. This represents 21 transactions… and an average $5,398/sqkm.

2016-08-26 ABC Rural:
Tropical Forestry Services prepares for first Indian sandalwood shipment to China

The world's largest producer of Indian sandalwood is gearing up for its first shipment of processed wood, with a ship due out of Darwin Port next month… TFS harvested around 32,000 trees from 104 hectares, which is expected to yield about 300 tonnes of heartwood, which is up tenfold on last year's harvest. TFS managing director Frank Wilson said additional supply agreements had been signed with wood buyers in China and India in the past six months, and the timber being shipped from Darwin is being sold for $US150,000 a tonne.

2016-08-30 ABC Rural: Mango industry prepares for promising season in NT

Mango Industry Association president Leo Skliros said he expected crops to increase up to 15% in the NT this year… It will be the first year that we use Northern Territory fruit into America.

2016-08-24 NT News: Manbulloo inks deal with Coles

Katherine mango growers, Manbulloo Mangoes, have signed a new long-term supply agreement which will see more than 50 million of its popular Kensington Pride sold through Coles over the life of the 8-year agreement… Manbulloo will plant an additional 20,000 new mango trees over the next 2 years at its farm in Katherine with support from the Coles Nurture Fund… As Australia’s largest producer of Kensington Pride and R2E2 mangoes, Manbulloo has two farms at Townsville, one farm near Mareeba and one in Katherine. Across Manbulloo’s properties, more than 67,000 mango trees are currently in production.

2016-08-25 Deloitte: Tourism and Hotel Market Outlook Executive Summary

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).

2016-08-29 NT News: CDU top of class

Charles Darwin University has ranked among Australia’s top universities for graduate employability and earnings… awarded 5* in both criteria, earning it a place in the top 20% of Australian institutions, according to Good Universities Guide 2017… Of CDU graduates, 82% per cent were working full time within 4 months (beaten only by Charles Sturt University and the University of Southern Queensland, which tied for the top spot on 84%).

CDU had a median graduate salary of $60,000 – better than or equal to all but the University of Western Australia, which had a $63,000 median salary. CDU also emerged as a frontrunner in a number of specific fields, boasting the top employment rate or median salary across six. Its law graduates were the best paid in Australia, with a median salary of $73,000; teaching graduates also shared top spot with Edith Cowan University, at $62,000. In terms of graduate employment rates, it was the best university for engineering graduates (96% full time in 4 months), humanities, culture and social sciences graduates (81%), psychology graduates (73%), and science and maths (79%).



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.

 

2016-08-09 Property Observer, CoreLogic: Gross rental yields

Hobart 5.2%, then Darwin at 5.1%, followed by Brisbane on 4.3%.

2016-08-15 Media Release: Preferred proponent selected for Darwin ship lift

NT Government will contribute up to $100 million towards a ship-lift facility at East Arm… Pearl Marine Engineering was selected… Marine industries were projected to support up to 4,500 full-time jobs and inject $3.5 billion into the Territory economy. “The ship lift will enhance Darwin’s position as the marine service centre for Defence, Australian Border Force, the oil and gas industry and commercial shipping”

2016-08-15 The Australian: Raw prawn on China’s $1.5bn menu for investment

Chinese state-owned food giant COFCO is understood to be in discussions to buy or co-fund the so-called Project Sea Dragon, which on completion will have 10,800ha of aquaculture ponds on the edge of King Leopold Gulf northeast of Kununurra growing $1.7bn worth of prawns annually… Japan’s Mitsubishi Corporation, which is rapidly expanding its investment in Australia’s agricultural sector, is also keen to separately secure a 25% stake in the unbuilt prawn farm in return for putting up $400 million of cap¬ital. Project Sea Dragon, which intends to start production in 2018-19 with 2000ha of prawn growing ponds, will be one of the biggest aquaculture farms in the world when fully completed.

2016-08-08 The Australian:
Smorgon-backed company buys Calypso mango exclusive rights

Perfection Fresh, which already owns the rights to Kensington Pride, Pearl, Keitt and R2Ed mango varieties, acquired the rights from OneHarvest, a fresh produce supplier to supermarkets and green grocers… Ten million kilograms of Calypsos were grown last mango season in the northern regions of Australia and production is expected to increase this year.

2016-08-17 NT News: Live Cattle Trade

Cattle industry utilises more than 680,000 sq.km or roughly 45% of the NT landmass, producing 600,000 cattle per year. The pastoral industry is the Territory’s third largest GDP earner, equating to more than 80% of primary production in the NT. With an investment of $4.5 billion in the NT, the industry generates more than $750 million directly and in excess of $1 billion indirectly into the NT economy, employing more than 1,800 jobs directly.

2016-08-12 The Australian: SeaLink

Record profit was produced from revenues of $111.8m, which were up 5.4% for the business, which operates in 5 states plus the Northern Territory… In the NT, there was a 4% growth in Tiwi Island revenue given SeaLink has launched new tourism packages.

2016-08-16 NT News: CDU ‘rising star’ among world unis

International report into higher education has identified Charles Darwin University as a “rising star” among an elite group of 20 universities, with the potential to become globally influential by 2030.

2016-08-18 ABS: Darwin’s Median Age

Australia: 37.4 years. Darwin is the youngest capital: 33.3 years.

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.

 

2016-09-14 NT News: Power generation for Ichthys Offshore Facilities a go

The Inpex-led Ichthys LNG Project has reached a key milestone with both its Central Processing Facility and Floating Production, Storage and Offloading facility safely starting up their main power generators in the South Korean shipyards where they are being constructed… the focus will now be on load testing, synchronisation and commissioning of the power distribution systems for both offshore facilities.

2016-09-14 NT News: Backfill supply to keep plant open

ConocoPhillips is working to engage numerous upstream resource owners on backfill supply and access to DLNG capacity… The company itself has 2 potential backfill candidates within its own portfolio; Greater Poseidon area and the Barossa-Caldita. Both these opportunities are expected to have the potential to provide a competitive backfill project for ConocoPhillips. Barossa Caldita is located in the Bonaparte Basin, about 270km north northwest of Darwin. Greater Poseidon is located in the Browse Basin, about 965km west southwest of Darwin. ConocoPhillips operates this field on behalf of the joint venture between ConocoPhillips, Origin Energy and PetroChina. The last seven years has seen more than $200 billion invested across Northern Australia.

2016-09-15 ABC News: ACCC backs Northern Territory gas pipeline project

Australian Competition and Consumer Commission chairman Rod Sims has backed the fledgling Northern Territory gas industry and its plans to build a pipeline to Queensland… Mr Sims told an industry conference of regional gas producers in Darwin that if the Northern Territory was to realise its potential in the east coast gas market it is imperative to have onshore gas development. Mr Sims said the key to make NT gas commercially viable and break the existing monopoly structure was the development of the NGP project… "It seems to me that the NT could play a significant role. The potential job creation and investment in the Northern Territory would go hand in hand with the preservation of jobs and investment which might otherwise be threatened for industrial users in the south."

2016-09-15 Falcon Oil & Gas: Technical Update, Beetaloo Basin

Drilling operations have successfully concluded on the Beetaloo W-1 well. Results encountered are very encouraging, with the well drilled to a total depth of 3,173 meters…Philip O'Quigley CEO of Falcon commented on the results: "The results of Beetaloo W-1 to date and the successful hydraulic stimulation of Amungee NW-1H represent further positive steps for the exploration phase of the program. Encountering significant net pay in the Middle Velkerri formation, 85 kilometres from our 2015 drilling programme along with significant net pay in the Lower Kyalla formation is very encouraging.”

2016-09-13 Motley Fool: Digging into Newmont Mining Corp

Newmont expects to begin production in mid-2017 at its Tanami expansion project in Australia. In 2015, the Tanami mine produced 436,000 ounces of gold, at an AISC of $724 per ounce of gold sold.

2016-09-14 NT News: Talking Resources

Major players in the resources and construction sectors have converged on Darwin to discuss the latest developments in northern Australia and South East Asia (at the) South East Asian Offshore and Onshore Conference.

2016-09-14 IT Wire: Subsea cable connecting Darwin and Port Hedland completed

Australia’s first purpose-built, subsea, fibre-optic network, servicing the oil and gas industries and North West growth corridor with telecommunications services, is now operational… North West Cable System creates a link from Darwin in the NT to Port Hedland in WA, connecting the INPEX-led Ichthys LNG Project offshore facilities and the Shell Prelude Floating Liquefied Natural Gas (FLNG) facility, 200km offshore in the Browse Basin, to their onshore data centres and business headquarters... it is now providing immediate benefits to communities in the NT and WA connected to the cable. Nextgen has included additional capability in the system that allows for enhanced telecommunications resilience for the Northern Territory, and has also provisioned future connections into other locations such as the Tiwi Islands.

2016-09-12 Senate Hansard:

The North punches above its weight. Already, it contributes to around 11% of our GDP, despite being only about 6% of our population. Its GDP per capita is more than double the rest of the country… We have so much opportunity. There is no reason that places like Darwin, Townsville, Cairns or Mackay cannot become major centres… We have more plans, too, for water in particular... We are looking at water options for Darwin, which are very important.

2016-09-14 Australian Defence Magazine: Kakadu returns to Top End

2016 marks the 13th iteration of Exercise KAKADU, and this year sees warships and aircraft from Canada, France, Indonesia, Japan, Malaysia, Pakistan, Papua New Guinea, Singapore and the United States, working alongside Australian Navy and Air Force assets and observers from Fiji, India, New Zealand, Philippines, Republic of Korea, Thailand, Timor Lesté, Tonga and Vietnam. “Darwin has been home to Exercise KAKADU since its inception, and as one of the largest exercises of its type in the Indo Pacific region, highlights the critical place that northern Australia plays in supporting ADF operations,” Rear Admiral Mayer said… This year marks the first occasion US warships have participated in the exercise.

2016-09-09 Asia-Pacific Defence Reporter: Exercise Pitch Black 2016

The vast training area of the Northern Territory's Delamare Air Weapon Range has attracted 10 air forces to this year's biannual Exercise Pitch Black 2016. This is the Southern Hemisphere's largest such activity and saw around 115 platforms from ten air forces pitted with and against each other. Participants were the Royal Australian Air force, French Air Contingent New Caledonia, Indonesia Air Force, Republic of Singapore Air Force, Royal Canadian Air Force, Royal Thai Air Force, the United State Marine Corp, United States Pacific Air Force as well as personnel from Germany, Netherlands and New Zealand.

2016-09-14 ABC Rural: Indonesia set to import 700,000 live cattle

The Australian live cattle export industry is expecting Indonesia to issue around 150,000 permits for the current third trimester... The Indonesian government has indicated it will issue permits allowing 700,000 head of cattle to be imported from Australia next year.

2016-09-12 UQ: Cattle producers

Professor McGowan said there were an estimated 15.4 million cattle in Northern Australia, earning about $3.7 billion for producers pa. 50% of output from these cattle is exported pa.

2016-09-14 NT News: Territory can ride dragon to pot of gold

The Northern Territory… had sold off 30% or more than 15 million hectares to foreign interests.

The bulk of this land - 14,554 m hectares - runs livestock. There are just 71 properties owned by foreign interests in the Territory

2016-09-14 NT News: Babcock lands Qantas contract

Babcock International Group, which expanded its footprint in the Territory with a new $11 million Operations Centre at Darwin International Airport in June, has won a key support contract with Qantas… The new Darwin Operations Centre houses two Sikorsky S-92 helicopters used for transporting up to 19 passengers out to oil and gas facilities… The facility will primarily service a multi-million dollar 5-year contract with PTTEP Australasia and other major clients including Woodside, ConocoPhillips, Eni, Inpex and CGG from bases in Northern Australia. More than 60 employees work from the Darwin facility.

2016-09-15 MICE BTN: Tourism exceeds 2020 growth targets

The Northern Territory has been a standout destination for domestic tourists in the last year, with a 36% increase in the number of visitors.

2016-09-14 NT News: Katherine enjoys a tourism bonanza

Katherine experienced a remarkable tourism boom over the first eight months of 2016, with a record 117,121 visitors… (an) estimated 38% of the centre’s visitors were overseas tourists.

2016-09-12 CDU E-News: CDU secures funding for students’ overseas study

Almost $300,000 in Australian Government grants will support 93 Charles Darwin University students to study overseas next year… Funding will support programs for midwifery students in Bali, law students in China and the Philippines, humanitarian and community studies students in Timor-Leste, and education students in Cambodia and the Philippines. The program also will assist 10 Indigenous pre-service teachers to complete their teacher placements in Timor-Leste, through the Growing Our Own program. Another 10 students will take part in the China In-Country language program, which is a collaboration with Flinders University. Multi-year programs currently underway, including programs with Engineers Without Borders in India and programs for law and environmental science students in Indonesia, also received grant funding.

2016-09-15 Economic Brief: Labour Force August 2016

Trend resident employment in the Territory increased by 0.1%... the third highest change of all jurisdictions, equal with South Australia… trend unemployment rate was 3.5% in the month, which remains the lowest of all jurisdictions. The trend participation rate was 74.3%, 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.

2016-08-05 Property Observer, Residex: Darwin houses and units June 2016

Houses Median Value: $533,500. 10 years %pa: 4.37%. Rent month ending June 2016: $545 Units Median Value: $381,500. 10 years %pa: 4.62%. Rent month ending June 2016: $425

2016-08-05 www.newswire.ca: Tassie Shoal LNG project, MEO Australia Limited

Strategic Tassie Shoal Projects proposed for offshore Northern Australia have received updated environmental approvals that extend the approvals period for the LNG Project to 2052, and increase the flexibility to process gas of varying qualities into LNG. The potential Tassie Shoal Projects, comprising 1 LNG plant and 2 methanol plant, are strategically located on a shallow water shoal… approximately 275 km from Darwin, and surrounded by significant discovered but undeveloped high CO2 gas fields.

2016-08-05 Mining Weekly: NT gold mine

Ark Mines plans to start mining at its Mt Porter gold mine, near Pine Creek in the NT, as soon as its mining management plan is approved… Hong Kong registered Chan Investments has agreed to a $6-million loan for the project, which is expected to produce between 23,000 oz and 26,000 oz of gold.

2016-08-03 NT News: Profits in protection

Defence infrastructure projects could grow the size of the Territory economy by as much as 4.7% over the next decade… Master Builders NT has released its second “Capacity to Spare report (2016)” outlining the ability and the impacts of any Defence spend as part of the 2016 Defence White Paper relaced earlier this year… MBA executive director Dave Malone said the construction sector could be boosted by 25%. However, most sectors would benefit from the projected $8 billion in expenditure. “Those investments will potentially touch every sector of commercial construction as Defence looks to upgrade existing facilities, expand capability and accommodate the US rotational forces.”

2016-08-03 NT News: Road map of major needs

Minerals Council executive director Drew Wagner…“The industry contributed around $2.75 billion to the local economy in 2014-15 and accounts for 12% of NT’s Gross State Product. There are around 5,700 Territorians employed in the sector and each of those jobs generates around $656,000 for the economy, on average… Untapped potential in the NT is substantial, with more than a dozen new projects expected to come online in the next 3 to 5 years.”

2016-08-03 Media Release: Woodchip Memorandum

Tiwi Plantations Corporation and Mitsui Bussan Woodchip Oceania Pty Ltd have today signed a woodchip Transaction Memorandum for the supply of 14 vessels, approximately 500,000 green metric tonnes of woodchip, to Japan (Daio) over a three-year period. At today’s prices and exchange rates the total export value, over three years, is in excess of AU $47 million.

2016-08-04 NT News: Westin will operate $250m hotel

Global high-end brand Westin has been named as operator of the $250 million Darwin luxury hotel to be built by Landbridge Group on Waterfront land… The hotel will mark the entry of the Westin brand in the NT... Construction is expected to begin next year for completion by 2020.

2016-08-02 Economic Brief: International Trade June 2016

The Territory's annual total international trade balance was $1.5 billion in 2015-16, represents a year on year increase of $298 million.


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.

 

2016-07-25 Economic Brief: CommSec State of the States July 2016

NT was ranked the 4th best performing economy, in terms of overall economic performance, above Queensland, South Australia, Western Australia and Tasmania… NT was ranked 4th in terms of economic growth… NT remains in 1st place for construction work done with the level of construction work in the March quarter 2016 being 42.8% above the decade average level.

2016-07-21 NAB State Update: Northern Territory

Construction of Ichthys LNG project in Darwin has boosted business investment, employment, wages and supported consumer spending… Construction has far and away the largest share of gross value added for any industry. This dependence makes it highly prone to the cyclical movements in the economy but this is offset by the large and reasonably stable public administration and defence presence... Once Ichthys is operational, much of the LNG will be sent under long term contracts in Japan. This will cement Japan’s place as the most important country for Northern Territory Exports.

2016-07-29 Offshore Post: Shell Awards Prelude FLNG Contract

DOF Subsea announced it has been awarded an Inspection, Maintenance and Repair contract by Shell Australia for the Prelude FLNG… operated by Shell in partnership with Inpex (17.5%), KOGAS (10%) and OPIC (5%). The Prelude facility is expected to stay moored for 25 years and should produce 3.6 million tonnes of LNG per year, as well as 1.3 million tonnes of condensate and 40,000 tonnes of LPG for export.

2016-07-29 Thor mining: projects could lead to gold and tungsten mineralisation

Thor Mining plans to drill adjacent to the Molyhil mine in the Northern Territory in Australia to test for tungsten at a cost of about $48M.

2016-07-29 Katherine Times:
Gina Rinehart continues to invest in NT cattle infrastructure

Hancock Prospecting Pty Ltd has announced the acquisition of Phoenix Park, a large-scale export pre-feeding depot located west of Katherine on Florina Road, about 340km from the port of Darwin. The depot covers over 3,443ha of freehold land and is one of the largest fodder irrigation projects in the Katherine area.

2016-07-30 NT News: Katherine tourism

The town played host to 87,693 visitors in 2015-16 financial year, 20,000 more than year prior.

2016-07-29 Media Release: New partnership with Chinese travel company

This MOU will provide the NT with unprecedented access to potential visitors from China. The China Travel Service is one of the largest travel groups in China with 500 branches, and CTS Australia is the largest Chinese travel company in Australia… Over $300,000 has been provided as part of the Tourism Infrastructure Development Fund to assist with China related projects. (e.g.) ATrip NT: Develop/promote Chinese cultural training hub; Australian Tourist Publications to create 48-page ‘Welcome to the Northern Territory’ booklet, ebook and map; Develop a Chinese website, titled ‘Explore the NT’, for Northern Territory tourism operators to promote their products directly to the Chinese market; China Sees NT – Develop a multi-lingual website promoting tourism in the NT and featuring images and video from visitors.


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.

2016-07-20 Economic Brief: APM House and Unit prices June quarter 2016

Median house price in Darwin remained at $616,780.

2016-07-20 Rigzone:
Monadelphous Lands Contract from JKC Australia LNG for Ichthys Project

JKC Australia LNG Pty Ltd. awarded the contract to Monadelphous for the latter to provide electrical and instrumentation works for the product loading jetty at the Ichthys Project onshore LNG facilities in Darwin… it was part of four deals, worth $140 million.

2016-07-22 Mining Journal: TNG looks for titanium boost

Emerging vanadium and titanium company TNG will work with US-based TiPMC Solutions to build a presence in the global titanium dioxide supply chain…for titanium products from its proposed billion-dollar Mount Peake vanadium-titanium-iron project in Australia’s Northern Territory. TNG’s 2015 definitive feasibility study for Mount Peake highlighted strong potential investment returns from average annual production of 17,560 tonnes per annum of vanadium pentoxide, 236,000tpa TiO2, and 637,000tpa of pig iron over an estimated 17-year initial mine life… TNG has signed binding off-take agreements for 60% of its projected vanadium output with a major Korean group and for its iron products with Singapore-based Gunvor.

2016-07-19 Business News WA: Tech firm to buy mining project

IM Medical and Rox Resources have struck a $15 million project deal… to acquire Rox’s 49% interest in the Reward zinc project.

2016-07-22 Media Release: Defence work will create jobs

Australian Defence Force’s appointment of Laing O’Rourke as managing contractor for the planning phase of $500 million in upgrades to the Larrakeyah Base and naval infrastructure facilities… will involve upgrades to current Defence service infrastructure including accommodation, a wharf facility and fuel infrastructure to enhance northern operations… delivery expected to occur between 2018 and mid-2020.

2016-07-21 Department of Defence: Exercise Pitch Black 2016

Exercise Pitch Black 2016 is a 3-week multinational large force employment exercise to be conducted in the Northern Territory from 29 July to 19 August. The exercise will involve up to 2,500 personnel and up to 115 aircraft. … RAAF Darwin will host squadrons from Australia, France (New Caledonia), Indonesia, Singapore, Thailand and United States. Australian, Canadian and United States assets will operate from RAAF Tindal… Exercise Pitch Black is a significant boost for the Northern Territory economy. Pitch Black 2014 contributed $25 million to the local economy and this year’s exercise is expected to exceed that.

2016-07-21 Beef Central: Hancock buys Riveren and Inverway Stations

Gina Rinehart’s Hancock Prospecting is the new owner of the coveted Inverway and Riveren Stations… covering about 550,000ha of land in the southern VRD district west of Katherine, supports a combined herd of about 40,000 head of cattle.

2016-07-14 Beef Central: AACo

MD Jason Strong confirmed that the US was now AACo’s largest single market… the biggest increase by far has come from the manufacturing beef type product out of the Livingstone plant near Darwin.

2016-07-21 The Australian: Sandalwood giant TFS

TFS Corporation, a listed Australian sandalwood company, has successfully refinanced its debt, gaining access to $US50 million of extra funds to continue its plantation expansion across northern Australia… TFS now owns 12,000ha of Indian sandalwood plantations, spread across the WA’s Kimberley in the Ord irrigation scheme, the Katherine-Daly River irrigation zone in the Northern Territory and the Burdekin irrigation scheme south of Townsville. TFS this year harvested 300 tonnes of highly-valuable “heartwood” from its mature sandalwood trees near Kununurra, a tenfold increase on last year’s production.

2016-07-20 ABC Rural: Mango Exports

The mango industry is hoping to double exports to the US this year, with Northern Territory fruit to be sent for the first time… The aim this year is to start in October and have product going into the US for the full four or five months of the Australian mango season. Four Northern Territory businesses, all from the Katherine region, have signed up to export fruit to the US.

2016-07-20 Cabinet Appointments

Minister for Northern Australia Matt Canavan was sworn into his role yesterday and is Northern Australia’s top federal Cabinet representative.


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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.

2016-07-18 Deloitte Access Economics: June Quarter 2016

The Territory economy is estimated to grow by 3.8% in 2015-16... underpinned by private consumption and international exports. The Territory is expected to have the highest economic growth of all jurisdictions in 2015-16, (nationally, the economy is expected to grow by 3% in 2015-16). The outlook is for the Territory economy to grow by an average of 3.5% pa over the 5 years to 2019-20 (2nd highest economic growth forecast of all jurisdictions behind Queensland 3.6% pa). DAE forecasts the national economy to grow by an average annual rate of 2.8% 2015-16 to 2019-20.

DAE notes that exports are expected to replace construction activity as the key driver of Territory economic growth over the medium term. Territory economic growth over the 5 years to 2019-20 is expected to be supported by: international goods exports, which are forecast to increase by an average of 11.9% pa over the period. DAE expects Territory employment to increase by 1.4% in 2016-17. Between 2015-16 and 2019-20, employment in the NT is forecast to grow on average by 1.5% pa. The Territory’s unemployment rate is forecast to average 4.5% over the 5 years to 2019-20, compared to 5.8% nationally.

2016-07-12 The West Australian: LNG exports hit a record in June

WA exported 1.8mt (27 cargoes) in June, Queensland 1.4mt (22 cargoes) and the NT 0.3mt (5 cargoes) … Northern Territory exports will start growing from late next year when the INPEX Ichthys in Darwin also starts production.

2016-07-11 Sydney Morning Herald: Restart looms

More than two years since work halted on Sherwin's Roper River iron ore project, a buyer from the United Arab Emirates is looking to restart the mine and recommence shipments through the Port of Darwin. The buyer is believed to be Al Rawda Resources Australia.

2016-07-11 Office of Northern Australia: NT Major Projects Conference

8/9 November 2016: Major Infrastructure Projects play a vital role in contributing to the NT’s rapidly expanding economy, which also has the country’s lowest unemployment rate and highest labour force participation rate.

2016-07-11 ADM: More Marines down under

The Pentagon will send another 3-ship Marine Expeditionary Unit to the Asia Pacific as early as October 2018. Head of US Marine Corps Forces Command Lieutenant General John Wissler said the goal is to augment the Marines that currently deploy to the Marine Rotational Force - Darwin on 6 month rotations. About 1,250 Marines are currently stationed in Darwin but as part of the Force Posture Review US and Australian officials hope to boost that number to 2,500 by 2020.

2016-07-18 ABC: Live export cattle prices jump

Live export prices have spiked in the Top End, with a large consignment of Brahman cattle selling for $3.47 per kilogram… Feeder steers to Indonesia (ex-Darwin) have been fetching around $3.30 per kilogram for the past few months.

2016-07-14 Beef Central: AACo previews suite of new beef brands

The new Welltree band, named after an adjunct to AACo’s Labelle aggregation southwest of Darwin appears to be blazing new ground… Product will primarily be derived out of AACo’s Livingstone Beef plant south of Darwin.

2016-07-17 Media Release: Tourism

According to the latest statistics from Tourism Research Australia, in 12 months to March 2016, total combined domestic and international visitors to the NT increased 28% to 1.7 million… 800,000 were holiday makers, a growth of 17% on the previous 12 months.

2016-07-14 Economic Brief: Labour Force June 2016

The NT’s trend unemployment rate was 3.7%, the second lowest unemployment rate of the jurisdictions. Trend participation rate was 74.8% in the month. This remains the highest rate.


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.

2016-07-06 Economic Brief: APM House and Unit rents June quarter 2016

The asking rent for houses in Darwin (average $550) remained the highest of the capital cities. Sydney continued to have the highest asking rent for units in the June quarter 2016 ($525), with Darwin reporting the second highest asking rent ($440).

2016-07-01 Property Observer: Average gross rental yield: CoreLogic

Gross rental yields for Darwin: Houses: 5.1%, units 3.9%.

2016-07-08 ABC Rural:
Hunt for lithium in the NT being supercharged by renewable energy boom

A record number of mining companies are exploring for lithium in the Northern Territory, as the price for the soft metal hits new highs. Ian Scrimgeour from the NT Department of Mines and Energy said the level of exploration was extraordinary and 2016 was shaping up to be "the year of lithium in the NT… driven by the growth of renewables, particularly batteries for electric vehicles and renewable storage. The renewable energy industry in China is booming and that's what's driving a lot of the demand." Mr Scrimgeour said up to a dozen companies were currently exploring for lithium in the NT, with many looking at the Bynoe region near Darwin.

2016-06-29 NT News: Groote Eylandt mine given new lease of life

South32 GEMCO, Australia’s oldest manganese mine, has been given a life extension with the signing of an agreement opening up new leases for mining and exploration on Groote Eylandt… allows for an expansion of mining operations to the east of the existing tenement and for exploration in a southern 26,000ha lease.

2016-07-06 Beef Central: 2015-16 year’s defining sales

Jul’15: Chinese billionaire Xingfa Ma purchased 705,700ha Wollogorang and Wentworth Stations for about $47 million, including 40,000 head. Nov’15: 560,000ha Murray Downs and 265,000ha Epenarra Stations sold to Filipino businessman Romeo Roxas for $20 million+. Dec’15: 100,000ha cattle breeding stations Walhallow and Cresswell Downs sold for a reported $100 million to Singapore-based retail magnate Brett Blundy and pastoralists Adrian & Emma Brown.

2016-06-28 ABC Rural:
Poppy company gets approval to plant over 100 hectares in the Northern Territory

TPI Enterprises has received approval from the NT Government to plant a commercial crop near Katherine this year.

2016-07-07 NT News: Defence unity for Pitch Black

Running from July 29 to August 19, the Exercise Pitch Black will include participants from Canada, France, Germany, Indonesia, the Netherlands, New Zealand, Singapore, Thailand, Turkey and the United States as well as our own army and air force. It is the Air Force’s largest operational collective training activity with up to 2500 personnel and 115 aircraft.

2016-07-03 Sunday Territorian: More ships on the way US bolsters Pacific presence.

Head of US Marine Corps Force Command, Lieutenant General John Wissler, said the Pentagon planned to dispatch another 3-ship amphibious ready group to the Asia-Pacific region as early as October 2018. The Marine Corps Times reported that the ships would likely carry an embarked Marine Expeditionary Unit. That would see an extra 4000 sailors and Marines in the region... the goal of the MEU was to augment the number of Marines already coming to the Top End as part of the annual 6-month Marine Rotational Force Darwin deployment.

2016-07-05 2016 Media Release: Education puts Territory on international stage

The Northern Territory is proud to be home to more than 2,000 international students who choose to study in our schools, vocational education and training programs, English Language Centres and at Charles Darwin University.

2016-07-07 Economic Brief: International Trade May 2016

In May 2016, the Territory's monthly trade balance increased by $38 million to $233 million. The increase in the trade surplus was driven by a $29 million increase in the value of goods exports and a $9 million decrease in goods imports. In the month, the increase in the value of goods exports was primarily driven by a $37 million increase in exports to Indonesia. Also driving the change was a $13 million increase in exports to China.

2016-07-04 Economic Brief: Building Approvals May 2016

In May 2016, the trend monthly number of residential building approvals in the NT increased by 19.1%. This was the largest increase of the jurisdictions.

2016-07-04 Economic Brief: ANZ Job Advertisements June 2016

In June 2016, the trend average weekly number of newspaper job advertisements in the NT increased by 6.5%. The Territory was the only jurisdiction to report an increase.

2016-06-29 Economic Brief: Engineering Construction Activity March quarter 2016

In the year to March 2016, engineering construction work done in the NT: $6.8 billion.


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.

2016-06-21 NT News: Property investors cash in on Darwin’s unit rental market

Darwin is the property investor capital of Australia… Real Estate Institute NT executive officer, Quentin Kilian, said he wasn’t surprised by the figures as Darwin traditionally had a strong investor market… “If you use rental yields as a guide, (Darwin) has had the strongest rental yields in Australia for the past 10 years… $525 for houses, with a 5.2% rental yield, and $415 for units, with a 5% return… Darwin was ahead of the Gold Coast (32.8%), Melbourne (32.2%) and Sydney (28.9%).

2016-06-20 Property Observer:
Inner capital city apartment markets dominate investor preference

Capital city areas comprise four of the top five regions nationally for investor concentrations, with Darwin topping the list at 42.9% of all dwellings owned by investors. Investor owned houses: 30.3%, units: 63.1%.

2016-06-22 Reuters: Australia in sweet spot to meet Asia demand for ultra-light oil

Australia's Ichthys LNG export project, operated by Japan's Inpex Corp, could produce more than 100,000 barrels per day (bpd) of condensate when it starts up next year. "The fact that the project is liquid-rich is one of the reasons that this project is economically in good standing," an Inpex spokesman said, adding that the company has started marketing its condensate, primarily to customers in Asia.

2016-06-20 Beef Central: First shipment of Australian cattle arrives in Cambodia

The cattle for the trade-opening order were sourced from the Northern Territory and Northern Queensland and were shipped from the Port of Darwin. A second delivery of nearly 2,000 cattle is expected to follow in mid-July (with) up to four deliveries per month in future.

2016-06-22 NT News: On the road to bright future

Seafarms Group have welcomed the $40 million commitment to upgrade the Keep River Road … “a vital piece” of enabling infrastructure for the $15 billion Project Sea Dragon planned to be Australia’s largest aquaculture project potentially producing over 100,000 tonnes of black tiger prawns per year.

2016-06-21 NT News: Prime Minister Malcolm Turnbull in Darwin

Mr Turnbull will release economic modelling commissioned by Master Builders Australia that shows $20 billion in budgeted defence construction spending will add 4.7% to the Territory’s Gross State Product from 2017.

2016-06-21 NT News: NT agency caters to Chinese tourists

Strong demand by Chinese visitors has triggered the opening of a travel agent focused on attracting the county’s tourists to the NT… Atrip wants to double the number of tourists it brings to the Territory by 2018.

2016-06-22 NT News: Big Incentives for Big Ideas

The Developing Northern Australia conference is being held in Darwin… Sharon Warburton, the chair designate of the $5 billion North Australia Infrastructure Facility… “already we have identified over 70 projects proponents with an estimated total cost of over $30 billion”.


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./p>

 

2016-06-18 NT News: Corelogic

Darwin’s average house price is $519,000.

2016-06-15 Property Observer: vacancy rate May 2016

SQM Research week end 12.6.16: Darwin houses rent $556, units $433.30. Vacancy rate: 2.9%.

2016-06-14 Financial Review: LNG projects -potential prize

Highly competitive supply could be provided through so-called "backfill" projects, where additional reserves from new fields are brought in to supplement declining production from the original fields supplying LNG plants… ConocoPhillips' Darwin LNG venture offer opportunities, as well as Shell's Prelude floating LNG venture… The value to industry of backfill projects for the North West Shelf and Darwin LNG is put at $US6 billion-$US8 billion.

2016-06-17 NT News: Catering to flights of fancy

Babcock International Group has expanded its footprint with the company opening a new $11 million Operations Centre at Darwin International Airport for its fleet of helicopters servicing the Northern Territory’s oil and gas industry… Babcock Offshore Services Australasia Managing Director John Boag said the new facility would service a multimillion dollar, five-year contract with PTTEP Australasia and will service major clients including Woodside, ConocoPhillips, Eni, INPEX and CGG.

2016-06-13 Business Wire: Jemena Northern Gas Pipeline Development

Intertek… has been selected to provide 3rd party inspection services to support the procurement of Jemena’s Northern Gas Pipeline Project… Sheldon Harvey, Intertek’s Business Development Manager for Industry Services: “We are proud to support Jemena in meeting the project quality and schedule requirements to have first gas flowing by 2018”... NGP will help secure energy resources for the population on the eastern seaboard, opening up untapped resources in Northern Australia and unlocking the next phase of economic growth for the Northern Territory.

2016-06-13 The Australian: East coast gas in the pipeline for Jemena

Chinese-controlled infrastructure company Jemena says an $800 million pipeline it is building to connect the Northern Territory gas market with the east coast is part of a much bigger plan, with Gladstone’s three LNG plants set to drive more demand than many were expecting and likely to struggle to source reasonably priced gas… Melbourne-based Jemena is a 60-40 joint venture between China’s State Grid Corporation and Singapore Power with $10bn of mainly gas pipeline and gas and electricity distribution assets… Jemena business development manager Antoon Boey “I could see a very strong logic that says NT gas will move east, as opposed to moving north.”

2016-06-15 finfeed: Core Exploration advancing its NT lithium projects

With lithium now the hottest commodity in the world… Stephen Biggins (speaks) about Core Exploration’s Finniss Lithium Project: We’ve been operating in the NT now since late 2012, and were greatly aware of the lithium potential in the NT… We’ve initially submitted our drilling approval application to test multiple pegmatites within the Finniss Project in stage 1, and expect to be in a position to commence drilling as soon as possible in Q3.

2016-06-16 Hansard: NT primary production

Combined value of the Territory primary production and fisheries in 2014-15 was $572.8m, an increase of 15% over the previous year. Livestock production totalled $360.8m, followed by horticulture at $108.7m, commercial fisheries and aquaculture, $79.2m and field crops $24m. Cattle production accounted for $333.5m or 58% of the Territory’s primary production value. This was $43.m higher than the year before and reflects an increase in exports.

2016-06-16 ABC Rural:
NT cattle station income tipped to almost triple the last decade’s average this year

ABARES' Peter Gooday: "In 2015/16 we're expecting that across the Northern Territory farm cash income for beef cattle operations will average $1.2 million a farm, that's compared to a ten-year average of a bit over $400,000."

2016-06-16 NT News: tourist numbers on the rise

Visitor numbers to the Northern Territory are at their highest level in a decade. Figures from Tourism Research Australia show 1.7 million visitors came to the Territory in the year to March, an increase of 28%. About 800,000 of those were holiday-makers, a growth of 17% on the previous year. Total overnight spending increased 7% to $2 billion.

2016-06-16 Economic Brief: Labour Force May 2016

Trend resident employment in the NT increased by 0.6%... the highest monthly increase of all jurisdictions. Trend unemployment rate was 4.1% and the trend participation rate was 74.8%.


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.

2016-06-06 The Australian: WA gas could be piped to the east

Gas from offshore Western Australian could be piped to the east coast for the first time when an 890km pipeline to Darwin from off the Kimberley coast is finished as part of the $US37 billion Ichthys LNG development… Japan’s Inpex says there is the potential for a multibillion-dollar sale of the Ichthys pipeline, the biggest of its type in this hemisphere, once construction of the giant LNG project is finished next year.

The potential to pipe WA gas to the east coast comes amid fears of a looming shortage, with 5 of 6 LNG trains now operating at Gladstone’s Curtis Island in Queensland and growing restrictions on onshore development in NSW, Victoria and, potentially, the NT…

Seiya Ito, President of Inpex’s Australian operations… “Once you have all the infrastructure in place from offshore Kimberley, all the way to Darwin, there will also be the North East pipeline, I cannot tell you if our gas will go to there yet, but there are a lot of potential expansion options, and one might be gas sales to the east”

The company intends to maximise the value of its investment with some sort of expansion, having a gas pipeline with spare capacity and tie-in points for new gas fields in the prospective and relatively underexplored Browse Basin and room for more LNG trains at Darwin. “Expansion is very important for Ichthys, and Inpex is looking for the next opportunity. We can expand our plant capacity at Darwin, up to a 4th train, we can debottleneck to increase capacity a bit more and there is the potential for domestic gas sales. We will assess any opportunity, and if it is commercially viable we will go after it.”

2016-06-06 Sydney Morning Herald: Petrel sub-basin

Federal Resources Minister Josh Frydenberg will also announce almost $700,000 in funding for a project to investigate storage of carbon waste in the Petrel sub-basin off northern Australia, which could act as a deposit for CO₂ from the Darwin LNG project and gas fields in the region.

2016-06-09 Mining.com: Fraser Institute Annual Survey of Mining Companies

Mining… helping GDP growth average 3.6% a year for most of this century… Western Australia took the world’s top position for mining investment… with Northern Territory in seventh place.

2016-06-08 Mining Weekly: Hayes Creek zinc, gold and silver project

Pre-Feasibility Study due for completion in mid-2017, would expand on the scoping study, which indicated that mining and processing ore derived from open pit and underground operations at Hayes Creek would generate strong financial returns.

2016-06-09 IHS: Landbridge Group eyes more investments in northern Australia

Darwin... has a strategic location close to Asia. It is a support hub for several of the area’s major oil and gas projects including the ConocoPhillips’ Bayu Undan and Greater Sunrise gas fields, around 500 km and 450 km offshore of Darwin, and the Bonaparte liquefied natural gas (LNG) project in the Timor Sea. It is also the world’s largest livestock export port, shipping more than 600,000 head in 2015, mostly to destinations in Southeast Asia.

2016-05 Landbridge Group: Port Development Plan 2016

Darwin Port is the only major multimodal port located in Northern Australia and is strategically located as Australia’s gateway to Asia and Asia’s gateway to Australia… Having secured a 99-year lease on Darwin Port, the Landbridge Group is now looking to develop the Port and increase trade flow through Darwin. Landbridge Group is actively investigating other investment opportunities in both Northern Australia and elsewhere in the Asian region with a view to maximise Port throughput in both exports and imports and shipping activity more generally...

Refrigerated Container Park: Darwin Port is in the process of expanding the refrigerated container (reefer) park at East Arm Wharf (EAW)… Additional area of hardstand is being developed… Harbour Support Vessel Facility: A forecast increase in large vessel movements within Darwin harbour will also see a need for additional harbour support assets. Darwin Port is working closely with operators within this sector in planning for a new facility at EAW…

Extension of the current quay line by 1000 metres to meet future increases in cargo volumes in the areas of dry bulk exports, liquid bulk imports, live cattle and container and general cargo throughput…

Cruise Ship Facility – In terms of cruise ship passenger numbers, Darwin Port is ranked No.3 in Australia. The increasing demand in Cruise ship tourism is forecast to continue into the future with larger vessels carrying more passengers. Darwin Port has initiated a project to cater for the increasing vessel sizes and the larger number of passengers that they will carry. With the world’s largest cruise ships now programming visits to Darwin, this infrastructure will need to include additional quay line and passenger facilities that will enhance the visitor experience... proposals are underway to modify the existing facilities to cater for these increasing numbers of passengers that leave and join the ships while in Port. Having a cruise ship use Darwin as its home base port has been a long term aspiration.

Mining Sector – Darwin Port is in discussions with a number of minerals export proponents that are working towards using the Port to move product to market... which could see the requirement to develop additional infrastructure at Darwin Port including: a cross land conveyor system from the Darwin Port stockpile site to the bulk loading system; dedicated enclosed storage sheds for products not suitable for outside storage; additional bulk loading systems for products not compatible for loading with the existing system; additional rail dump facilities to reduce rail terminal bottlenecks as volumes increase.

2016-06-08 NT News: New funding fires up giant Dragon project

Seafarms Group has raised $10 million to take it through the next stage of development for the $1.5 billion Project Sea Dragon. Australia’s most ambitious prawn farming project in the Northern Territory is being fast tracked to take advantage of foreign investors eager to back the scheme… Executive chairman Ian Trahar said plans were well advanced to build 2160ha of prawn ponds on Legune Station that would start producing 26,000 tonnes of premium tiger prawns for both Asian and local markets by 2019.

2016-06-07 Media Release: Berrimah Export Yards upgrade

Primary Industries Minister Gary Higgins said in 2014-15 more than 600,000 head of cattle were exported from Darwin, with pre-export quarantine responsibilities shared between 4 premises, including Berrimah… proposed ($4.1 million) works … “will consolidate Darwin’s position as the major cattle export centre in Australia.”

2016-06-08 NT News: Singapore rep helps add to Asian influence

Former banker and investment specialist Anthony Cheng has taken up the Singapore role … on-ground representation provides the Northern Territory with the advantage of being able to develop business relationships and promote Territory engagement to a wider audience in South-East Asia. Mr Cheng will also take up responsibility for growing business links with Malaysia.



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.

2016-06-04 NT News: Iconic status

“It’s going to be a positive icon for the city as it’s become such an awesome building featuring 14 retail stores, restaurants and a gymnasium - such a great mix of shops… Everyone always raves about this building so I said it has got to be called The Icon” … Gwelo Developments paid $21 million to property developer Kerry Manolis in 2014 for the (then) run-down building.

2016-06-01 NT News: Job Prospects will lure Aussies north

Federal Trade Minister Steve Ciobo said the $5 billion North Australia Infrastructure Fund will drive investment in the Northern Territory, “unleashing a wave of investment dollars across the north unlike anything we have seen before.”

2016-05-27 EIS: Nolans Project (NT)

Demand for high quality rare earth products in key growth areas such as the automotive, clean energy and electronics sectors, is forecast to grow at 5%pa over next 10 years, driven by technology innovation, particularly in the industrial and clean energy sectors. The project has the potential to supply 10% of the world’s magnet feed demand through its production of neodymium-praseodymium oxide. The Nolans Project is 100% owned by Arafura Resources.

2016-05-31 NT News: Darwin Port to receive $25m infrastructure boost

Darwin Port is to have its quay line extended as part of a $25 million infrastructure boost under a newly released development plan… The quay line is about 800m now. A study considered an extension of the current quay line by 1km to meet future increases in cargo volumes in the areas of dry bulk exports, liquid bulk imports, live cattle and general cargo… Port development projects underway and in design and planning phases include a refrigerated container park, a strategic hardstand development and a harbour support vessel facility.

2016-06-03 ABC Rural:
Benmara Station sale to Harris family latest in 2016 NT pastoral changes

The sale of Benmara Station is one of around 20 Northern Territory pastoral leases with a sale price above $5 million to have changed hands in 2016… Sue Brosnan from Tanami Rural Property said this number of sales so early in the year was unprecedented… "I think there is a continuing demand in the north, in the Northern Territory, top of Queensland and top of Western Australia… there is a greater percentage are foreign interest and international buyers. They come with their own equity and are very keen on investing in the north, the northern pastoral industry and developing the asset.”

2016-06-01 NT News: Taking it to the Tourists

Budget 2016 increased funding for Tourism NT to more than $51 million… The Government has invested an extra $24 million in tourism marketing and strategic product initiatives over the past three Budgets… this is paying off with tourism spend in the Territory hitting $2 billion last year.

2016-06-02 Economic Brief: International Trade April 2016

Top 3 countries from which the NT sourced its international goods imports: Japan ($1.3 billion), Thailand ($904 million) and China ($523 million). Top 3 export destinations: Japan ($2.1 billion) China ($1.0 billion) and Thailand ($377 million).

2016-06-01 Economic Brief: Trend Consumption March Quarter 2016

Strengthening growth in household consumption in the Territory in year to March 2016 largely reflects growth in expenditure on recreation and culture, food, rent and other dwelling services.


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.

2016-05-27 Property Observer: NT Budget helping first home buyers

The 50% stamp duty discount announced in the Northern Territory Budget will drive more first home buyers into the local market in Darwin and Palmerston says Glenn Grantham, general manager of Raine and Horne Darwin. The discount applies to built properties valued up to $450,000 and is capped at $10,000 for more expensive properties until 30 June 2017. The first home buyer grant of $26,000 remains.

2016-05-23 LNG Industry: Neptune wins Ichthys LNG contract

350 concrete mattresses, which will be utilised for flowlines walking mitigation on the INPEXoperated Ichthys LNG project… will be manufactured at Neptune’s yard in Batam, Indonesia, utilising heavy density concrete. They will weigh approximately 60 t each.

2016-05-24 Australian Pipeliner: Jemena thinking ahead with NGP

Jemena has revealed its vision of linking Mt Isa with Wallumbilla via a pipeline once the Northern Gas Pipeline (NGP) has been completed… the benefits would include: Improved reliability of the gas transmission network; Reduced reliance on Moomba; Increased competition; Supporting growth of the Northern Territory gas sector.

2016-05-25 Asian Oil & Gas: NT budget highlights onshore investment

2016-17 budget will support local businesses and diversify the NT economy through industry development. This includes $5.95 million to continue the Creating Opportunities for Resourcing Exploration initiative designed to assess the Territory’s shale gas potential and stimulate mineral resource exploration.

2016-05-25 ABC Rural: Cattle business Australian Agricultural Company announces record net profit of close to $68 million

AACo managing director Jason Strong said the numbers proved the publicly-listed company is making "good progress" as it transitions to a more vertically-integrated model… Mr Strong was happy with the performance of AACo's $91 million beef processing plant near Darwin. "The operation is going very well… The Livingstone plant is currently processing an average of 480 head of cattle per day on a single shift.”

2016-05-27 The Australian: Chinese regional strategy “One Belt, One Road”

Malcolm Broomhead, the chairman of Asciano and Orica and director of BHP Billiton, who will chair the ”OBOR” advisory group… said there was strong Chinese interest in the agricultural and infrastructure opportunities for northern Australia development, with Darwin’s port now operated by Chinese company Landbridge.

2016-05-27 ABC Rural: Piñata Farms expanding its mango empire

One of Australia's biggest mango producers has just planted 3,000 mango trees near Katherine and will next week start planting 17,000 mango trees near Darwin in the NT. It marks the start of a major expansion project by Piñata Farms which owns the rights to the Honey Gold mango variety. Managing director Gavin Scurr said the company will plant an extra 13,000 mango trees near Darwin in 2017 and continue planting extra trees at Katherine… We've got customers out there demanding more and there's export opportunities such as the US market, which has recently opened and is showing some huge potential.

2016-05-24 Media Release: $2m boost for mango growers

NT government today launched a $2 million investment in mango production by putting up seed capital for a Vapour Heat Treatment plant in the NT for the mango industry… enables local growers, to process and export (direct) from the NT.

2016-05-28 NT News: Reptile industry hatching top plan

East Arnhem farming project will be expanded to produce 2000 saltwater crocodiles… (with) a $400,000 grant for the Arafura Swamp Ranger Aboriginal Corporation who are farming hatchling saltwater crocodiles from the Ramingining area with Australia’s largest crocodile farmer… This is the first ever remote community crocodile hatchery and puts an Aboriginal Corporation at the heart of the global supply chain for the international luxury goods and fashion industry.

2016-05-28 The Australian: Tritons to widen scope of scrutiny

“We are looking at carrying out surveillance to the north of Australia, primarily using RAAF Tindal as the main forwarding base…” says Group Captain Roger McCutcheon, director of the Air Force Maritime ISR and Response Transition Office.

2016-05-24 Hansard: Ship Lift Facility

At full capacity our marine industries are projected to support up to 4,500 full-time jobs and inject around $3.5bn into the Northern Territory economy… government is prepared to invest up to $100m towards the project costs, and has commenced consultation with Defence, Border Force and industry to secure local marine maintenance commitments to underpin the ship lift.

2016-05 Australian Defence Magazine: Armidale sustainment tender released

Sustainment of the 13 Armidale class patrol boats for the next 5 years … Work is to be conducted in both Cairns and Darwin.

2016-05-27 NT News: Rise of cruise exploration

Darwin receives almost 40 cruise ships annually, with $54 million injected into the local economy in the last financial year through overall cruise shipping. Overall, cruise passengers increased 14.6% in 2015.

2016-05-23 NT News: Extra-long train off on record roll

The Ghan departed Adelaide bound for Darwin yesterday with 44 carriages and two locomotives at a total length of 1,096m – more than 200m longer than a standard Ghan service… The service is the beginning of nine consecutive weeks of 1km-long trains departing Adelaide in which 5884 platinum and gold service guests will make the transcontinental journey.

2016-05-24 Hansard: NT Treasurer

Last year the Territory economy grew by an impressive 10.5%, the highest rate of growth since 1998-99. Underpinning this growth is business investment, which grew by 18.7% in 2014-15, the fourth consecutive year of strong growth. The Territory government will be contributing to investment in 2016-17 with a near record of $1.7bn of infrastructure spending.

2016-05-25 Economic Brief: Construction Work Done

In the year to March 2016, total construction work done in the Territory: $8.2 billion

2016-05-24 Media Release: Additional funding to support increased enrolments

NT had the highest government recurrent expenditure per full-time equivalent government school student in Australia ($23,578) in 2013-14, spending 45% more than the national average ($16,177).

 

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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.

2016-05-21 Media Release: Stamp duty discount will stimulate property market

Budget 2016 delivers a 50% stamp duty discount for first-home buyers of established homes valued up to $450,000 and capped at $10,000 thereafter… concession will apply from 24 May 2016 until 30 June 2017 and be reviewed in the 2nd quarter of 2017 to determine if it should be extended. For homes valued above $450,000, first-home buyers will be entitled to the maximum stamp duty discount of $10,000… First-home buyer assistance for the purchase of new homes remains in place, with a significant grant available of $26,000.

2016-05-18 SQM Research: rents index week ending 12 May 2016

Darwin houses: $566.20; Units: $434 (Capital city average - Houses: $545, Units $430.)

2016-05-18 NT News: City growth predicted with $29.5 million Barneson road link

Barneson Boulevard project will remove current constraints to growth, create jobs in the Darwin Region and open up new areas for potential development in the Top End’s primary employment and entertainment hub.

2016-05-18 NT News: INPEX

$34 billion project is reaching its peak construction phase. At this point it employs about 7,000 people and will peak at about 8,000 by the September quarter of this year… general manager Sean Kildare: “This project’s economic presence in the Northern Territory measured from the day of our investment decision which was January 2012 through to the operational phase which starts next year, will grow the Northern Territory’s gross state product by 17%, it is the single largest part of the economy.”

2016-05-20 NT News: Territory looking at fuel facility

$500,000 would be allocated in next week’s Budget to examine the feasibility of the Northern Territory making fuel from onshore gas… The NT imports 630 million litres of diesel per annum – equal to 10,856 barrels per day… by-products could include 20% naphtha and paraffinic wax.

2016-05-18 NT News: At the Peake of its powers

TNG Limited is poised to start development of major NT vanadium project, after a recent agreement with German engineering giant SMS group… $970 million Mount Peake vanadium-titanium-iron project, 235km north-west of Alice Springs is set to become a major new low-cost supplier of these products to global markets for decades to come.

2016-05-18 NT News: long life forecast for mine

Australian Abrasive Minerals Pty Ltd is in the final stages of construction at the Spinifex Bore Mine site (and) will produce a garnet sand product, mainly used for sand blasting, and for non-slip surfacing… production planned to begin in the 3rd quarter of 2016.

2016-05-18 NT Arafura Resources Ltd: The Nolans Project

Proposed rare earths mine and processing operation in Central Australia could supply up to 10% of the world’s demand for rare earths used in magnets… Project is on track to be in production by 2019… The company will produce 20,000 tonnes of rare earth products each year.

2016-05-17 Junior Mining Network: Newmarket Gold Announces Positive Preliminary Economic Assessment for the 100% Owned Maud Creek Gold Project

The Maud Creek PEA base case provides Newmarket with the potential to increase the utilization of the Union Reefs Processing Facility, which has the capacity to process 2 million tonnes per annum, and is currently processing ore from the Cosmo Underground Gold Mine at a rate of approximately 800,000 tonnes per year… positive results of the PEA at our 100% owned Maud Creek project provides additional flexibility for Newmarket's Northern Territory Operations.

2016-05-20 TTG Media: Northern Territory positions itself as Asian add-on

Adam Coward, executive director marketing and communications at Tourism NT: “the tourism board was working to highlight ease of access to the Territory, which can be reached in just 16 hours from London, via Singapore…. They’ll spend 14 days in the Northern Territory rather than 7 days if they come via Sydney”… Tourism NT has conducted research among the 900,000 Europeans that visit Bali each year, and found that the majority of visitors did not realise the flight time to Darwin was only 2 hours. Of those surveyed 25% said they would have added Northern Territory onto their itinerary.

2016-05-19 Economic Brief: Labour Force April 2016

Territory’s trend unemployment rate: 4.5%, 2nd lowest unemployment rate of the jurisdictions. Nationally, the unemployment rate was 5.7%. In April 2016, the trend participation rate in the Territory was unchanged at 73.8%, the highest rate of the jurisdictions, national rate is 64.9%.

2016-05-18 Economic Brief: Wage Price Index March Quarter 2016

Territory recorded the second highest year on year growth of the jurisdictions slightly ahead of South Australia … Year to March 2016: NT’s WPI was 2.3%.

2016-05-17 Economic Brief: Sales of New Motor Vehicles April 2016

In April 2016, the trend number of new motor vehicle sales in the Territory increased by 1.3% … This is the fifth consecutive monthly increase since November 2015… The Territory recorded the second highest monthly increase 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.

 

2016-05-12 Property Observer: Darwin rents

Median weekly rent in the Territory’s capital is sitting at $525 for houses and $415 for units… In terms of rental yields, Darwin is still performing well. (Yield: 5.2% houses, 5% units).

2016-05-12 NT Business Review: Chain reaction proving vital for Ichthys

The INPEX-operated Ichthys LNG Project completed the offshore pre-lay of the 77km chain and cable mooring system in the Browse Basin… Supplying more than 40,000 tonnes of large-scale anchor chains for the project represented nearly 18 months of worldwide chain production … In addition to the mooring system, more than 16,000 tonnes of subsea structures and 140km of rigid flow lines have been installed across the Ichthys Field to extract gas and condensate.

2016-05-11 ABC: Shale gas the new fossil fuel frontier

A new national map of coal, petroleum and gas tenements across Australia reveals the massive potential for shale gas development in the Northern Territory… Malcolm Roberts, chief executive of APPEA: “there's $1 billion of planned shale gas exploration and investment concentrated in the Northern Territory alone. Shale gas has got a lot of potential. It's another resource that Australia has in abundance. There's quite a lot of interest in the Northern Territory.”

2016-04-29 Falcon Oil & Gas Ltd: Philip O'Quigley, CEO

"Operationally it has been a busy 12 months for Falcon, with the drilling of the joint venture's first 3 wells in the Beetaloo Basin. Results have been encouraging with excellent gas shows encountered signalling the likelihood of high level of gas saturation which is a strong indication of the potential prospectively… planning and preparation is underway for our 2016 Beetaloo basin programme.”

2016-05-06 NT News: Chinese eye $35m facility

$35 million cold store facility at East Arm might be the first project developed through the Territory’s relationship with the Shandong province in China. Shandong is the region Landbridge Group, lessee of Darwin Port, is based.

2016-05-06 Skynews: Landbridge

Landbridge also says it has plans to build a new cruise ship terminal at the Darwin port. A project it says would be worth $100 million to the Northern Territory economy.

2016-05-10 NT News: Fish farm looks to upscale its operations

Humpty Doo Barramundi Farm is proposing to triple its scale with an extra 50 production ponds to produce 90 tonnes of fish per week. The farm, near Fogg Dam, operates on 26 ponds and produces 30 tonnes a week… The roll-out of the project is expected to be done over the next 5 to 6 years with a $35 million price tag.

2016-05-12 DFAT: Australia’s trade by state and territory 2014-15

Exports, balance of payments basis, NT accounted for 2.2% (or $7.0 billion)
Imports, balance of payments basis, NT accounted for 1.7% (or $5.7 billion)
Estimated resident population (June 2014-15): 244,602 Real GSP growth: 10.5%
Proportion of Australian GDP: 1.4%. Unemployment rate: 4.2%

2016-05-12 DFAT: Australia’s trade by state and territory 2014-15

Northern Territory Major exports
Natural gas $2,578M
Other ores & concentrates $883M
Live animals (excl seafood) $585M
Aluminium ores & conc (incl alumina) $369M
Iron ores & concentrates $124M
Refined petroleum $37M
Northern Territory Major imports:
Tubes & pipes of iron or steel $1,187M
Iron, steel, aluminium structures $968M
Refined petroleum $660M
Pumps (excl liquid pumps) & parts $375M
Heating & cooling equipment & parts $293M
Hides & skins, $16M

 

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.

 

2016-05-02 Economic Brief: CommSec State of the States April 2016

The Territory was ranked 1st in terms of economic growth, with growth in trend SFD 13.2% above the decade average level… NT remained in 5th position for retail spending in the December Qtr 2015, 9.5% above the decade average… NT is assessed as having the 3rd strongest job market, with its unemployment rate of 4.5%, which was more than 11% above the Territory's decade average… NT remains in 1st place for construction work done with a level of construction work in the December Qtr 2015 being 97% above the decade average level…

2016-05-04 Media Release:
Northern Australia Infrastructure Facility passes the Parliament

Legislation to establish the Government’s $5 billion Northern Australia Infrastructure Facility has passed the Parliament enabling it to commence from July... this facility will provide financing to build the transport, energy, water and communications infrastructure needed in our north… Ms Sharon Warburton (WA) has been appointed Chair designate of the board and from July, she will be joined by: Mr Barry Coulter (NT), Mr Justin Mannolini (WA), Mr Khory McCormick (QLD), Dr Sally Pitkin (QLD), Mr Bill Shannon (QLD), Ms Karla Way-McPhail (QLD).

2016-05-04 SBS:
Budget: NT Chamber of Commerce says it contains good news for local businesses

NT Chamber of Commerce welcomed the (Federal) budget. About 96% of NT businesses are small and medium enterprises that will benefit from the new tax cuts.

2016-04-28 9News: NT defence funding to flow by end of year

Assistant Defence Minister Michael McCormack was in Darwin on Thursday to spruik the white paper, which has allocated $20 billion for NT projects over the next 20 years. "You will start to see the benefits towards the end of the year.”

2016-05-05 NT News: 250,000 cattle quota for Indonesia

Indonesia has issued an import permit for 250,000 head of cattle… More than 310,000 head were exported to Vietnam from Australia in 2015.

2016-05-07 NT News: Tourist boost a bonus for NT

Australian Bureau of Statistics data released yesterday showed the Northern Territory is firmly back in favour with foreign tourists.

2016-05-06 Media Release:
Seasonal Worker Programme Northern Australia tourism pilot takes off

Australian tourism businesses across Northern Australia will now be able to employ seasonal workers from nine Pacific Island countries and Timor-Leste to help fill seasonal labour shortages.

2016-05-01 NT News: Bumper cruise season

Tourism NT market development manager Richard Schoonraad said Insignia’s departure yesterday signalled the end of the Territory’s biggest ever cruise season. About 56,000 people have travelled to Darwin aboard cruise ships, a significant increase on previous years.

2016-05-05 Economic Brief: International Trade March 2016

Year to March 2016, the top 3 countries from which the Territory sourced its international goods imports were Japan ($1.6 billion), Thailand ($957 million) and China ($531 million). Exports: Japan ($2.2 billion, LNG exports), China ($1.1 billion, predominately mineral ores and Thailand ($435 million, mainly reflecting petroleum products from the Montara Oil Field).

 

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.

 

2016-04-21 Economic Brief: APM House and Unit Prices March Quarter 2016

Median house price in Darwin: $613,118 (behind Sydney, Melbourne and Canberra). Median unit price increased by 14.9% to $493,746 - second highest median unit price behind Sydney.

2016-04-18 Economic Brief: Deloitte Access Economics March quarter 2016

The Northern Territory is expected to have the 3rd highest economic growth of all jurisdictions in 2015-16… estimated to grow by 2.7%. The outlook is for the Territory economy to grow by an average of 3.2% pa over the 5 years to 2019-20… the 2nd highest economic growth forecast of all jurisdictions behind Queensland (3.5% pa) (DAE forecasts the national economy to grow by an average annual rate of 2.6% over that period)

DAE notes that exports are expected to replace the construction phase of resource development as the key driver of Territory economic growth over the medium term. Territory economic growth over the next 5 years to 2019-20 is expected to be supported by: international goods exports which are forecast to increase by an average of 11.7% pa.

2015-16 to 2019-20, employment in the NT is forecast to grow on average by 1.5% pa… the NT’s unemployment rate is forecast to average 4.5% over the 5 years to 2019-20, compared to 5.9% nationally, (the lowest average annual unemployment rate of all jurisdictions). DAE forecasts the Darwin CPI growth to strengthen to 2.2% by 2019-20.

2016-04-27 Gastech News: INPEX sees positive growth for LNG in Japan

Yutaka Inoue, General Manager Oil & Gas Business, Gas Business Unit at INPEX: “Ichthys LNG Project, of which we are the Operator, is the first, large-scale LNG project to be operated by a Japanese company. It is a competitive, liquid-rich project with a life expectancy of 40 years, with an annual production capacity volume of 8.9 million tons of LNG. We expect this project will play a key role in our mission of delivering a stable and efficient supply of energy to Japan. From a medium-to-long-term perspective, we will ensure that our key projects like Ichthys, Abadi and the ADCO Onshore Concession are solidly developed or operated, while continuing to invest in new business opportunities to ensure sustainable growth.”

2016-04-19 NT News: Land of opportunity

Gina Rinehart pitches Territory… “This area… does indeed represent one of the world’s last great development opportunities of scale… We will see Asian connectivity as a key driver to Northern Australia growth. There is amazing potential for the discovery and development of new resources in this geological region.”

2016-04-21 The Australian: Feds ready for $5bn northern scheme

The federal government is moving fast on its plans to develop high-value agriculture in northern Australia, with Resources, Energy and Northern Australia Minister Josh Frydenberg ready to distribute the first funds from $5 billion Northern Australia Infrastructure Fund harnessing the abundant “untapped’’ water in northern Australia would be a key focus of the government’s first spending initiatives... priorities (such) as building dams and irrigation schemes on the Victoria and Roper rivers in the Northern Territory. Raising the height of the dam wall of vast Lake Argyle, which supplies the Ord irrigation scheme centred on Kununurra… is also part of the government’s grand plan for northern Australia.

2016-04-20 Minister Frydenberg: Global Food Forum: Australia's Place at the Table

“Our proximity to markets in Asia presents us with considerable opportunities over other agricultural producers. We are right on the doorstep of the booming middle-class in Asia. As some of you may be aware, Darwin is closer to Singapore than it is to Sydney and closer to Jakarta than it is to Melbourne, so there are huge opportunities, particularly for our north.”

2016-04-25 ABC Rural: Tropical Forestry Services begins 1,200 hectares of Indian sandalwood plantings in the Northern Territory

TFS is expecting to plant around 1,200 hectares of sandalwood this year across its properties in the Douglas Daly and Katherine regions… The seedlings being planted at Mustang Hill came from TFS's $3.5 million nursery opened in Katherine last month.

2016-04-21 Northern CRC Interim Chair Jon Wharton: Northern CRC taking shape

Northern Australian Cooperative Research Centre will be formally launched in late June… the CRC would kick-off with a $75M commitment from the federal government over 10 years but financial and in-kind contributions from industry research partners could produce a combined research spend of up to $200M…

“Project applicants need to contribute $ per $ funding or make in-kind contributions to research projects… Townsville and Darwin ports are just sitting there ready to go so we need to be moving these products out of those ports. Gone are the days where we sent everything back down to Brisbane – that’s the old way and this is the new way.”

2016-04-27 NT News: Marines size up China

US defence spending in Australia is expected to top more than $2.5 billion over the next few years, with the bulk expected to be spent in the Territory.

2016-04-19 news.com.au: Top military commander says US military on track to grow its presence in Northern Australia

Lieutenant Colonel Steven Sutey, commander of this year’s annual Marine Rotational Force Darwin, says the US military is “on track” to grow its numbers in northern Australia… this year’s force was the 3rd battalion-sized group to come to Darwin… “This rotation will bring different capabilities than previous rotations… we’re also bringing with us additional logistic and engineer capabilities that will allow us to expand out training and operations down here in Australia.”

2016-04-22 NT News: Fund an Australian first

A $1 billion infrastructure development fund established by the Giles Government will be the first of its kind in Australia… a pipeline of potential projects had been identified… (they) covered gas, tourism, water and renewable energy… Infrastructure Capital Group (investment manager) expects to open an office in Darwin in the next few months.

2016-04 Regional Australia: bringing small cities into the National Cities Agenda

Population is one of the key drivers of development and growth in Australia… Small cities in Northern Australia top the growth list with a projected population growth rate of over 25% in the next decade.

2016-04-27 Media Release:
Key bilateral talks building strong regional ties with Timor-Leste

Six senior ministers from Timor-Leste arrived in Darwin … led by Minister of State, Coordinating Minister of Economic Affairs & Minister of Agriculture and Fisheries, His Excellency Mr Estanislau da Silva… The NT is the only State or Territory jurisdiction in Australia to host a meeting of this nature with Timor-Leste counterparts who hold national-level portfolios.

2016-04-27 Media Release: International Education Relations

Minister for Education launched the Northern Territory Indonesia Alumni Network… 70 people attended the networking event, including Indonesian ministers and Consul, Indonesian alumni of Northern Territory schools and universities and Territorians who have participated in exchanges to Indonesia over the past 40 years.

2016-04-26 CDU e-news: International education ‘could bring NT $150m’

Charles Darwin University academic has calculated that the Territory’s international education exports could triple to $150 million a year within a decade. Northern Institute political economist Professor Rolf Gerritsen said this would see international education rise to 5th on the list of export earners for the NT, up from its current 10th placing.

“The international education sector is a promising industry for the NT and will grow in importance, both absolutely and relative to other export industries... A more realistic 10% per annum growth rate would be sufficient to triple the international student cohort to about 4,500 by 2024. As an export earner, that would place it behind the natural gas, base metal, tourism and live animal export industries in 5th place, which would more closely reflect the national position, where international education is the largest service sector export… It creates more than 500 (full-time equivalent) jobs in Darwin’s economy, so it is an increasingly important contributor to the NT regional 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.

2016-04-16 NT News: CoreLogic RP Data

Darwin property values are up this quarter with the median home price sitting at a little over half a million dollars… $575,000, while aspiring unit owners have a median of $460,000… prices rose 2.1% in the month of March and 2.4% for the first quarter of 2016.

2016-04-15 LNG Industry: Ichthys

Speaking at the LNG 18 conference in Perth, Australia, Managing Director of the Ichthys LNG project, Louis Bon, provided an update on the project… “Onshore in Darwin we are more than half way through construction at Bladin Point. We are 81% complete and on target for first production in the third quarter of 2017… The Ichthys joint venture participants have the opportunity to add 4 more production trains fed by Browse Basin and Bonaparte Basin gas, which is now far more accessible because of the Ichthys gas export pipeline.”

2016-04-14 NT Business Review: Defence

Defence infrastructure investment in the Northern Territory over the next 10 years is anticipated to be in the order of $8bn.

2016-04-13 Defence Media Release: Arrival of 5th rotation of US Marines in Darwin

This year’s rotation will include around 1,250 US Marines, a detachment of 4 Bell UH-1Y Venom helicopters and a range of equipment. The Marines will be accommodated within Defence facilities at Robertson Barracks, RAAF Base Darwin and Defence Establishment Berrimah.

2016-04-13 ABC Rural:
Mitsui looks to northern Australia for agribusiness opportunities, including soybeans

Mitsui Australia's vice president Wendy Holdenson said the company had a long history in the Australian resources sector, but the time was now right to further diversify into the food sector. "We believe there's potential to boost live cattle exports from northern Australia to Asia, and in grain and soy we think there's tremendous potential.”

2016-04-11 Sydney University/KPMG Demystifying Chinese investment in Australia

Chinese ODI: Northern Territory has attracted $564.5M of Chinese investment in 2015, placing it ahead of SA, WA and Tasmania for the first time. (NSW: 49%, Vic 34%, Qld 9%, NT 4%, SA 3%, WA 1%)

2016-04-14 NT Business Review: Conventional Tourism

The business events industry is worth an estimated $70 million a year to the NT economy.

2016-04-14 Economic Brief: Labour Force March 2016

The Territory’s trend unemployment rate was 4.5%, and trend participation rate was 73.7%. (nationally 5.8% and 65%).

2016-04-07 Economic Brief: APM House and Unit rents March quarter 2016

Asking rent for houses in Darwin in the March quarter: $550 (highest of the capital cities). Asking rent for units: $450 (2nd highest of all capital cities behind Sydney)

2016-04-07 Property Observer: CoreLogic RP Data rental index March 31, 2016

Yields: Darwin 5.2% (highest capital city yield)

2016-04-09 Sydney Morning Herald:
Inpex Corporation chief sees big future for LNG mega-project

President and chief executive Toshiaki Kitamura has emphasised the "robust" economics of the huge project even at current depressed oil prices. The long-term strategic value of expanding the LNG project near Darwin "remains unchanged", he said. Ichthys LNG, Japan's largest single investment in Australia, is more than 80% built, with production from the 8.9 million tonnes-a-year plant on Darwin Harbour due to commence in the September quarter next year…

"Even looking beyond the 15-year sales and purchase agreements now in place, a long-term, sustained growth in LNG demand in the Asia-Pacific region, and particularly in emerging Asia, will mean that there will continue to be opportunities for the project in the long term…" The capacity of the project has been increased 6% since it was first envisaged, while the offshore Ichthys field in the Browse Basin is also Australia's largest liquids discovery since the Bass Strait fields in the late 1960s, further helping project economics. "An increase in production capacity will increase the opportunities to respond to the wide-ranging requirements of LNG buyers, thereby improving the value of the project,"Mr Kitamura said. He also remains confident of prospects for expansion down the track, with the Darwin site offering enough space to add four LNG processing trains beyond the two under construction. He pointed to "high exploration potential" in Inpex's offshore exploration blocks near the Ichthys field as well as the possibility of a discovery "of commercial proportions" in Inpex's onshore unconventional exploration acreage in the Northern Territory.

2016-04-04 Media Release: landmark talks with ASEAN representatives

Canberra-based Heads of Mission of the Association of South East Asian Nations are visiting the Territory together for the first time, as part of the inaugural Open Territory Program.

2016-04-06 Fruitnet.com: Opportunities for agribusiness in northern Australia

The 2016 CSIRO report ‘Unlocking the potential of northern Australia’… examined the region's soil and found 16m ha of soil suitable for “intensive” agriculture, that could be suitable for more than 70 different crops, including mangoes and melons. The report found a renewed interest in northern Australia due to its proximity to Asia.

2016-04-11 CDU E-news: CDU ranks higher among world’s young unis

Charles Darwin University is continuing to climb the list of the world’s best universities that are less than 50 years old. The Northern Territory’s only university has been listed in joint 31st position in The Times Higher Education “150 Under 50 Rankings 2016”, which identifies the top 150 universities around the world that are aged less than 50 years old… CDU Vice-Chancellor Professor Simon Maddocks: “Not only has CDU risen for the 5th consecutive year, but this year we also have risen 17 points in a larger pool of universities”

2016-04-11 NT News: Marines invasion on way

This year’s rotation will be made up of Marines from the 1st Battalion, 1st Marine Regiment… About 1150 Marines were stationed in the Top End last year and numbers this year are expected to be the same.

2016-04-06 Australian: NT expansion

National Storage REIT has expanded into the Northern Territory, paying $10.75m for a Space Base storage facility within reach of Darwin’s airport with strong exposure to passing traffic.

2016-04-07 Economic Brief: Sensis Business Index March 2016

The Sensis Business Index March 2016 reports that the net balance confidence level of Territory small and medium enterprises their own business prospects over the next 12 months increased by 3 percentage points to +27%...

2016-04-05 Economic Brief: International Exports February 2016

In the year to February 2016, the NT’s top 3 goods exports destinations were Japan ($2.3bn, LNG exports from the Darwin LNG plant), China ($1.1bn, mineral ores) and Thailand ($469M, petroleum products from the Montara Oil Field)



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.

2016-04-07 Economic Brief: APM House and Unit rents March quarter 2016

Asking rent for houses in Darwin in the March quarter: $550 (highest of the capital cities).

Asking rent for units: $450 (2nd highest of all capital cities behind Sydney)

2016-04-07 Property Observer: CoreLogic RP Data rental index March 31, 2016

Yields: Darwin 5.2% (highest capital city yield)

2016-04-09 Sydney Morning Herald:
Inpex Corporation chief sees big future for LNG mega-project

President and chief executive Toshiaki Kitamura has emphasised the "robust" economics of the huge project even at current depressed oil prices. The long-term strategic value of expanding the LNG project near Darwin "remains unchanged", he said. Ichthys LNG, Japan's largest single investment in Australia, is more than 80% built, with production from the 8.9 million tonnes-a-year plant on Darwin Harbour due to commence in the September quarter next year…

"Even looking beyond the 15-year sales and purchase agreements now in place, a long-term, sustained growth in LNG demand in the Asia-Pacific region, and particularly in emerging Asia, will mean that there will continue to be opportunities for the project in the long term…" The capacity of the project has been increased 6% since it was first envisaged, while the offshore Ichthys field in the Browse Basin is also Australia's largest liquids discovery since the Bass Strait fields in the late 1960s, further helping project economics. "An increase in production capacity will increase the opportunities to respond to the wide-ranging requirements of LNG buyers, thereby improving the value of the project," Mr Kitamura said. He also remains confident of prospects for expansion down the track, with the Darwin site offering enough space to add four LNG processing trains beyond the two under construction. He pointed to "high exploration potential" in Inpex's offshore exploration blocks near the Ichthys field as well as the possibility of a discovery "of commercial proportions" in Inpex's onshore unconventional exploration acreage in the Northern Territory.

2016-04-04 Media Release: landmark talks with ASEAN representatives

Canberra-based Heads of Mission of the Association of South East Asian Nations are visiting the Territory together for the first time, as part of the inaugural Open Territory Program.

2016-04-06 Fruitnet.com: Opportunities for agribusiness in northern Australia

The 2016 CSIRO report ‘Unlocking the potential of northern Australia’… examined the region's soil and found 16m ha of soil suitable for “intensive” agriculture, that could be suitable for more than 70 different crops, including mangoes and melons. The report found a renewed interest in northern Australia due to its proximity to Asia.

2016-04-11 CDU E-news: CDU ranks higher among world’s young unis

Charles Darwin University is continuing to climb the list of the world’s best universities that are less than 50 years old. The Northern Territory’s only university has been listed in joint 31st position in The Times Higher Education “150 Under 50 Rankings 2016”, which identifies the top 150 universities around the world that are aged less than 50 years old… CDU Vice-Chancellor Professor Simon Maddocks: “Not only has CDU risen for the 5th consecutive year, but this year we also have risen 17 points in a larger pool of universities”

2016-04-11 NT News: Marines invasion on way

This year’s rotation will be made up of Marines from the 1st Battalion, 1st Marine Regiment… About 1150 Marines were stationed in the Top End last year and numbers this year are expected to be the same.

2016-04-06 Australian: NT expansion

National Storage REIT has expanded into the Northern Territory, paying $10.75m for a Space Base storage facility within reach of Darwin’s airport with strong exposure to passing traffic.

2016-04-07 Economic Brief: Sensis Business Index March 2016

The Sensis Business Index March 2016 reports that the net balance confidence level of Territory small and medium enterprises their own business prospects over the next 12 months increased by 3 percentage points to +27%...

2016-04-05 Economic Brief: International Exports February 2016

In the year to February 2016, the NT’s top 3 goods exports destinations were Japan ($2.3bn, LNG exports from the Darwin LNG plant), China ($1.1bn, mineral ores) and Thailand ($469M, petroleum products from the Montara Oil Field)


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.

2016-03-17 Property Observer: NT housing market: NAB

The Darwin housing market has been one of the standout performers in previous years… Despite the recent yield compression, gross rental yields remain amongst the highest of any capital city.

2016-03-15 ABC Rural: Origin Energy

David Close from Origin Energy said he was "bearish" about unconventional oil and gas around Australia but that the Top End's Roper region was an exception. He said the firm's activity would be the first horizontal gas play in the Beetaloo basin, the most prospective unconventional gas play in Australia and that the region contained an amount of gas that would be "transformative" for the industry.

2016-03-15 NT News: annual geoscience exploration seminar in Alice Springs

Mines and Energy Minister David Tollner… said $104 million was spent on mineral exploration in the Territory during 2015, only a few per cent down on the $108 million spent in 2014… In the past 3 years, the Territory has increased its share of Australian mineral exploration expenditure from 4.1 to 7.3%. Gold and base metals both experienced an increase in exploration in the Territory in 2015.

2016-03-21 Media Release: Sandalwood project

TFS Corporation and Northern Territory Government have celebrated the opening of the $3.5 million Sandalwood nursery in Katherine today… TFS, the world’s largest owner and manager of Indian Sandalwood, currently has 4,000 hectares planted across the NT and aims to grow this to 10,000 hectares by 2020. It is investing significant capital into the Katherine Region.

2016-03-15 Media Release:
Darwin ship lift project enters request for proposal phase

Five shortlisted proponents have been invited to proceed to the detailed request for proposal phase… Northern Territory Government is prepared to invest up to $100 million to the project costs and has commenced consultation with Defence, Border Force and industry to secure local marine maintenance commitments that would underpin the ship lift… Facility will be designed to accommodate boats more than 90 metres in length, including the new fleet of patrol vessels currently being procured by the Defence Force.

2016-03-17 House of Representatives: Minister Frydenberg

$5 billion Northern Australia Infrastructure Facility: the facility will work with the private sector and the governments of the NT, Qld and WA to create the right conditions for innovation and investment and help our communities and businesses in northern Australia to prosper.

2016-03-15 House of Representatives: Minister Frydenberg

Northern Australia has just 5.6% of Australia's population but contributes over 11% of Australia's GDP and covers over 40% of our landmass with significant agricultural, energy, and resource assets.

2016-03-15 House of Representatives: Prime Minister

Northern Australia is Australia's future. It has enormous resources… The huge water resources and the huge potential for agriculture there, enhanced by greater irrigation, is immense, and we are putting the dollars behind that vision. We will see great investments in water in northern Australia that will enable us further to capitalise on the huge opportunities in East Asia as that becomes the centre of most of the world's middle-class.

2016-03-15 Senate: Senator Canavan, Northern Australia

A recently completed Infrastructure Australia audit of the infrastructure across the north found that in financial year 2013 each employee in northern Australia contributes $369,000 a year to our economic output, almost double the contribution across Australia of $185,000 per employee.

2016-03-16 Media Release: Northern Territory visitors spend $2 billion in 2015

For the year ending December 2015, the NT received 1.6 million visitors, up 20%. Holiday makers make up the bulk of these visitors with 792,000 people holidaying in the NT last year, up 21 %. As well as spending more, holiday makers also stayed longer, with total holiday nights up 12% to 4.9 million nights. While international holiday visitors remained on an upward trend, increasing by 5.4%, the great result for 2015 was largely driven by a significant spike in domestic visitors, which last year reached 551,000… the Northern Territory outperformed all other jurisdictions in 2015 to record the highest growth in domestic visitors.

2016-03-17 Economic Brief: Labour Force February 2016

Territory’s trend unemployment rate was 4.3%, the lowest of all jurisdictions (nationally 5.8%) The trend participation rate was 73.9%, the highest of the jurisdictions (national rate 65.1%).

2016-03-15 Economic Brief: Sales of New Motor Vehicles February 2016

In February 2016, the trend number of new motor vehicle sales in the Territory increased by 1.9%... The Territory recorded the greatest monthly increase 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.

2016-03-09 NT News: ConocoPhillips

THE Darwin LNG plant marked its 10th anniversary… Yesterday they loaded their 519th cargo.

2016-03-08 ABC Rural:
Exploration company lodges plan to expand proposed phosphate mine in NT

An exploration company has lodged a revised plan with the Northern Territory Department of Mines and Energy to mine phosphate near Batchelor. Following recent interest from potential buyers in Asia and India for supply contracts of up to 190,000 tonnes per year, Korab Resources has expanded its original mining plan. It comes after the company entered into an offtake agreement in November last year to supply 250,000 tonnes over five years, to DPA Oceania.

2016-03-09 NT News: Tellus deal

TELLUS Holdings, owner of the Chandler Project Salt Mine near Alice Springs, has signed a distribution agreement with an Indonesian company… selling 500,000 tonnes per year from first production of industrial salt to PT Damarco, which represents up to 70% of average annual future production from the Chandler Project.

2016-03-11 The Australian: Defence Policy - Emeritus Professor Paul Dibb, ANU

Darwin is a critical location for all ADF military operations in our northern approaches.

2016-03-09 The Australian: Pentagon eager for bomber crews to train with RAAF

Commander of US Pacific Air Forces, General Lori Robinson, said negotiations were underway with Malcolm Turnbull’s government about rotating bombers and tankers through RAAF bases in northern Australia at Tindall and Darwin.

2016-03-12 Media Release: Lucrative business conference market

… currently injects around $89 million into the economy each year.

2016-03-09 NT News: Cheers to cheaper stay

According to the 2015 Hotels.com price index, hotel room rates fell by 20% in the Territory’s capital city compared with the year before. Average cost of a room last year was $157 per night.

2016-03-11 ABC Rural: Humpty Doo barramundi farming pioneers Top End success

Humpty Doo Barramundi is now the biggest producer of farmed barramundi in Australia, and the second biggest in the world… putting out about 2,000 tonnes of barra at the moment. "Nationally farmed fish is another 5,000 tonnes and we import about 13,000 tonnes of that species as well so there is a huge opportunity, just domestically, to grow the NT share of the market… Across the next 10 years Humpty Doo Barramundi want to increase their production from 1,500 tonnes a year to 10,000 tonnes.

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.

2016-03-03 NT News: Sales of homes set for take off

Raine and Horne Darwin general manager Glenn Grantham said he expected the number of residential sales in Darwin to return to 2013 levels, driven by interstate investor activity… (he) credited strong rental yields for driving the activity. According to Core Logic RP Data, yields for houses in Darwin were sitting at 5.3% compared to the combined capital city average of 3.4%. Darwin’s average yield for apartments - 5.1% - also contrasted favourably with the combined capital city average of 4.3%.

2016-02-29 HIA Economics: Increased activity on the horizon

ABS home lending data for December 2015 shows that national owner occupier loans for new home construction and purchase recorded their highest levels since late 2009, with the number of new home loans increasing during December 2015, most strongly in the NT (+29.3%).

2016-02-29 House of Representatives: Ichthys field into Darwin

In the course of the next 40 years that project will generate jobs that will be generational in their impact on our communities, particularly through the Kimberley and through Darwin. That project alone will generate business in the order of $100 million a year.

2016-03-05 Marinelink.com: Australia: The World’s Next LNG leader

According to a new report from Accenture, Australia’s Liquefied Natural Gas (LNG) industry is poised to become the world’s largest and most technologically advanced, contributing more than AUD$55 billion to Australia’s GDP in 2020.

2016-03-01 Fraser Institute: Australia Top Spot for Mining Investment

Annual survey rates 109 jurisdictions around the world based on geologic attractiveness and the extent government policies encourage or deter exploration and investment… 3 Australian jurisdictions finished in the top 10 worldwide: Western Australia (1), Northern Territory (7) and South Australia (10).

2016-02-29 House of Representatives: Defence White Paper

…recalibrates northern Australia as the epicentre of regional engagement into the future… $20 billion being spent in the Northern Territory is just a phenomenal amount… The NT Master Builders Association's chief executive, David Malone: “for the construction sector, the white paper paints a compelling picture, one that will bring a smile to many businesses and the 12,000-plus workers who rely on the industry for a living … The white paper speaks of multiple projects over multiple years, across almost all facets of construction”… In addition… the US force posture initiatives will be worth an estimated $2 billion to $3 billion.

2016-03-02 House of Representatives: Minister for Northern Australia

Northern Australia... deliver(s) from our northern ports more than 50% of our exports… more than 11% of our GDP from just 6% of our people… We believe that the natural advantages that the North has should be reinvested in and that the government should focus on them… We are doing that through establishing a $5 billion low concessional loan facility and investing $600 million in roads across the north to help improve connections between communities and an additional $100 million specifically in our beef supply chains to get down costs in our beef sector. Through all of these investments we will make a stronger and more prosperous north.

2016-03-04 Economic Brief: Retail Trade January 2016

Trend retail spending in the Territory increased by 0.5%... Nationally, retail trade turnover increased by 0.3% in the month.

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.

 

2016-02-24 Australian Pipeline: Ichthys offshore flowlines installation complete

140 km of rigid subsea flowlines have successfully been installed for the INPEX-operated Ichthys LNG Project … in a water depth of up to 275m to carry reservoir fluids from 20 subsea wells to the project’s two floating processing facilities.

2016-02-22 ABC Rural: works continue on schedule

The INPEX gas plant at Blaydin Point continues on schedule, with the roofs of two 165,000 cubic metre cryogenic tanks just completed… The first production of LNG remains scheduled for the end of 2017.

2016-02-23 Mining-technology.com: TNG’s Mount Peake min

Downer has signed a MoU to provide development, construction, and mining services to TNG's Mount Peake vanadium-titanium-iron project in Northern Territory... Mount Peake is estimated to have a design capacity at 17,560t tpa of vanadium pentoxide, 236,000tpa of titanium dioxide and 637,000tpa of pig iron.

2016-02-27 NT News: Fresh ammo for NT economy

Defence spending in the Territory has steadily grown to be worth roughly 7% of our gross state product. This equals $1.5 billion and is driven by the servicing of 6100 defence force personnel who are based here… Chamber of Commerce NT CEO Greg Bicknell: “An investment of more than $8.2 billion in infrastructure in the coming decade will be a significant boost to the construction industry and flow-on effects will be felt in the wider economy… The US Force Posture Initiatives will be worth an estimated $2 to $3 billion over the same period” … The pivotal piece of Defence infrastructure may prove to be the… $500 million marine industry park with ship-lift facility. It is strategically important because there are no ship lifts between Perth and Cairns. Expressions of interest for the facility will close at the end of next month with more than 30 international companies expressing interest.

2016-02-26 ABC: Defence White Paper: NT economy set for massive boost

All 3 arms of the defence forces based in the Top End will receive $20 billion in the next 20 years to upgrade and support a growing military presence in Northern Australia. The funding, attached to the latest Defence White Paper, allows for major upgrades and investment to the Northern Territory's defence infrastructure… While some of the money will not flow until 2025, the Territory economy will see some immediate benefits with $70 million to be spent over the next 10 years upgrading Robertson Barracks. Also slated is a $1.2 billion upgrade to the Larrakeyah and HMAS Coonawarra bases. That money will flow until 2025 when another $2.1 billion will be spent. HMAS Coonawarra will be upgraded so it can support an increased maritime force, including some of the 12 new offshore patrol vessels that will be based in Darwin. Money has also been set aside to enhance airbase capacity in the top end with $5.6 billion rolled out after 2025.

2016-02-22 Media Release: NT Government showcasing local business

Territory Expo will be held 29-30 April 2016 and follow directly from the BIMP-EAGA (Brunei Darussalam-Indonesia-Malaysia-The Philippines East ASEAN Growth Area) Ministerial Meeting.. It will run alongside the Regional Australia-Asia Chambers Forum which has attracted a strong response from interstate and international Chamber of Commerce representatives…

The Territory Expo exhibitors will be made up of around 80% SMEs and 20% major businesses from industries such as Oil and Gas, Agribusiness and Defence, there will also be a contingent of international exhibitors from Timor Lesté and Eastern Indonesia.

2016-02-26 NT News: Joyce unveils $10m irrigation study

Major opportunities to expand irrigated agriculture across Northern Australia are a step closer with a $15 million Northern Australia Water Resource Assessment by the CSIRO… The work underway is on water resource assessments of… the Finniss, Adelaide, Mary and Wildman river basins in the Darwin region… we are also investing a total of $10 million in a feasibility study to look at expanding the Ord irrigation scheme into the Northern Territory.

2016-02-24 Media Release: 233 new international students welcomed to the NT

Minister for Education Peter Chandler said more than 2000 international students are studying at Northern Territory education institutions from countries including the Philippines, China and India. “International education has contributed more than $60 million dollars to our economy in the past year” … The Northern Territory Government’s International Education and Training Strategy 2014-2024 aims to grow the education sector into a top five export earner for the Top End. In 2014, it was the Territory’s ninth largest export.

2016-02-22 House of Representatives: Hansard

At the end of 2014 financial year there were 14,289 registered businesses in the NT… 78.2% are based in Darwin and Palmerston. 6.6% are in Alice Springs, 5.3% are in Katherine and approximately 10% are across the rest of the NT.

2016-02-24 Economic Brief: Construction Work Done December Quarter 2015

In 2015, total construction work done in the Territory increased by 14.9% to $8.6 billion, compared to 2014. This was the highest year-on-year increase of all jurisdictions.

2016-02-24 Economic Brief: Wage Price Index December Quarter 2015

The Territory’s WPI increased by 0.6% in the December quarter 2015 (nationally 0.4%)… In 2015, the NT recorded the third highest year on year growth of the 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.

 

2016-02-17 Property Observer: Vacancies for January 2016: SQM Research

Darwin vacancies 3.8%.

2016-02-11 NT Business Review: Big developments under construction

The Coolalinga regional shopping centre has commenced construction, which will further the retail services available in the Darwin Rural area.

2016-02-11 NT Business Review: Inpex army

The workforce on the largest project in the Territory’s history is set to peak this year with about 8,000 workers expected on site… the Ichthys project would continue to make a significant contribution to the local economy for the next 40 years of operation.

2016-02-17 The Australian: Resources industry still powering the economy

LNG export earnings between 2011-12 and 2014-15 have increased by more than 40% and… export earnings are expected by 2019-20 to almost triple to $49 billion. Indeed by 2019-20, my Department’s Chief Economist expects resources and energy export earnings to total $235 billion compared to $172 billion today. (Minister Josh Frydenberg)

2016-02-14 The Age: SGS Economics

The latest spatial breakdown of economic growth produced by SGS Economics and Planning puts Melbourne at the top of the pack at 3.1%, a growth rate exceeded only in regional Western Australia (7.5%) and the Northern Territory (10.5%).

2016-02-17 7 News: NT needs investment to embrace future

Chief Minister: "We want to open up the NT; we want to connect people, communities and businesses to grow jobs for the future, and it’s important policy-makers in Canberra understand the need to make a long-term commitment to develop the north". Nationally significant NT projects highlighted by the Australian Infrastructure Plan include: N-E Gas Interconnector pipeline from NT to east coast states… Upgrading the Darwin-area water supply infrastructure.

2016-02-13 The Morning Bulletin: new Federal Minister

Senator Matthew Canavan… “I want an Australia where people want to move to north of the Tropic of Capricorn so they too can benefit from the huge opportunities that are here” … Being based in Rockhampton and as a former economist at the Productivity Commission, Matt not only understands but is well equipped to address the challenges facing Northern Australia, he will work closely with Josh Frydenberg as the senior portfolio Cabinet Minister."

2016-02-19 ABC Rural: Year's first live export shipment of buffalo leaves Darwin bound for Vietnam

More than 200 head of buffalo are being shipped out, along with a large consignment of cattle… Last year there were more than 5,000 buffalo exported from Darwin, which was one of the trades' biggest years on record.

2016-02-17 NT News: Farmers ready to share fruits of their efforts to develop NT

Since 1980, the crop production of the farmers in the NT has grown to around 80,000 tonnes, from around 8000ha of irrigation… The combined value of the NT and the Ord River, in Western Australia, crop production is $250 million.

2016-02-20 Media Release: Darwin to host jam-packed month of cruise ships

Chief Minister & Tourism Minister Adam Giles said today’s arrival of the Amsterdam and Pacific Princess were the first of 13 ships that will dock in Darwin over the next four weeks, bringing a capacity of nearly 20,000 passengers… Mr Giles said the Northern Territory’s cruise industry provided an important boost for tourism in the Top End, injecting an estimated $54 million into the local economy last financial year. “The 46 cruise ship visits this financial year will carry a passenger capacity of more than 70,000 – the largest Darwin has ever had.”

2016-02-20 NT News: NT’s uni taking it to the top

CDU was among the Times Higher Education’s list of the world’s top 300 universities for the first time… it received “above world standard” scores in the 2015-16 State of Australian University Research report… and 7th best Australian university under 50 years old…. CDU this year will offer 122 higher education courses and 168 VET courses to almost 24,000 students throughout the Territory, interstate and to a growing overseas market.

2016-02-20 NT News: A better deal for Top End

Wage growth has remained at a strong level in the NT. According to the Australian Bureau of Statistics, the average weekly Territory wage increased by 44.8% from May 2010 to $1,513.30 in May 2015… In the past 12 months, the average wage has increased 6.7%, up from $1,417. That rate of growth far outstripped the national increase of 2%.

2016-02-03 Economic Brief: Labour Force January 2016

NT’s trend unemployment rate was 4%, and the trend participation was 74.3% (9.1 perc. points above the national rate of 65.2%).

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.

2016-01 Economic Brief: REINT Residential Property Statistics December Qtr 2015

Real Estate Institute of the Northern Territory reports that compared to the previous quarter, the median price of houses sold in the December quarter 2015: increased by 0.5% to $608,750 in Darwin Overall; (units $490,000)

2016-01-28 NT News: New body for investors

The Major Projects Approval Agency will provide a single point of entry for major project investors to seek information and assistance with regulatory approvals… “Establishing the agency in Darwin will help reduce the burden of red tape for such potential investors and furthers the Government’s blueprint for the region.” The Minerals Council of Australia welcomed the move. “Northern Australia already accounts for 44% of all national minerals projects,” chief executive Brendan Pearson said. “But substantial further expansion is possible. Nearly half of Northern Australia is considered prospective for mineral, which is why there are more than 700 exploration projects in Northern Australia.”

2016-01-27 StraitsTimes: Australia to unlock north’s potential

Australia is planning to subsidise a wave of investment in its vast northern region - an area that is on Asia's doorstep but whose potential has never been "unlocked". The federal government is close to finalising a A$5 billion concessional loan scheme to boost investment in the region, which has long been touted as ripe for development. The loans would go towards projects such as expanding Cairns airport, building an outback rail line and a new tourist precinct in Darwin.

2016-01-27 Financial Review: Billion dollar plans to boost our northern exposure

It's a very exciting time in Australia's north. With unprecedented levels of Commonwealth expenditure across a range of different areas, unprecedented levels of interest from foreign investors and with the booming middle-classes of Asia ready to consume the agriculture, tourism, education and energy resources produced in Australia's north, the Government stands ready to drive this agenda forward. (Hon Josh Fydenberg, Minister for Northern Australia)

2016-01-27 NT News: Final call for shiplift

… key defence contractors, including Austral, KBR and Serco, had expressed an interest in the project. “Defence and the border force are certainly talking about the project and the opportunity this presents. For them to have a facility that includes a shiplift will mean they won’t have to sail 4 days to Henderson near Perth for maintenance or 5 days’ sail to Singapore”… In December last year, Chief Minister Adam Giles announced the marine industry park had been given major project status. “The creation of a new major industry dedicated to marine services has the potential to drive the development of more than 150ha of prime industrial land at East Arm to support the defence, oil and gas, coastal barging and logistics sector.”

2016-01-19 CSIS: Asia-Pacific Rebalance 2025

While the most visible example of U.S. rotational forces in Australia is the presence of the U.S. Marines in Darwin this has yet to reach full scale and is just a first step. With some investment in additional infrastructure, Darwin could serve as a hub for training with other amphibious forces.

2016-01-28 NT News: Building on China links

A delegation of senior NT Government officials will travel to China today to explore business opportunities and formalise relationships with key government officials in Jinan and Xi’an… The trip will include… discussions focused on investments in the Territory and on sectors such as agribusiness, mining, the oil and gas industry, and education.

2016-01-26 CommSec: State of the States, Northern Territory

NT economy remains the third ranked economy, along with ACT (behind NSW and Victoria). NT is top ranked on construction work done and is second ranked on economic growth, business investment and unemployment… The lowest trend unemployment rate in Australia can be found in the NT at 4.1%... In 5 of the states and territories, construction work was higher than decade averages. Leading the way was NT with construction work done almost 117% above its decade average with activity associated with the gas projects providing solid support… Strongest real wage growth was again recorded in the NT with wages 2.0pp higher than consumer prices.

2016-01-21 NAB: State Economic Handbook, January 2016

Queensland and the Northern Territory will outperform in terms of overall gross state product in coming years as LNG export volumes ramp up… NT: LNG: Ichthys is ¾ complete and is headed for an early 2017 start-up… Darwin’s unemployment rate remains at a very low 2.9%... The NT also has a large public administration and defence presence, including permanently stationed US Marines… The NT’s international trade is dominated by Asia… Tourism has seen growth, with visitor numbers up 18% in Central Australia and 2% in the top end in 2014-15.

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.

2016-02-02 NT News: Darwin’s still home to nation’s top returns

According to the January Core Logic RP Data Hedonic Home Value Index, Darwin recorded a gross rental yield of 5.3% for houses in the January quarter, the highest of any capital city. And yields for Darwin units were the second highest at 5.1%, sitting behind Hobart at 5.3%.

2016-02-03 Economic Brief: Building Approvals December 2015

In December 2015, the trend monthly number of residential building approvals in the Territory increased by 1.9%. This was the largest monthly increase among the jurisdictions… In 2015, the value of non-residential building approvals in the Territory increased by 88.7%. This increase was driven by a rise in retail and wholesale, and health building approvals.

2016-02-04 LNG World Shipping: Clough lands Ichthys LNG hook up contracts

Clough will prepare and execute the offshore hook-up and assist commissioning, starting in the first quarter by mobilising its engineering and technical teams in South Korea before moving to the project site in Browse Basin gas field.

2016-02-01 NT News: Final pieces of puzzle arrive for huge project

The Inpex-operated Ichthys LNG Project marked a major milestone this week with the last of 151 modules fabricated in Thailand arriving in Darwin… When completed, the project’s onshore facilities will include: 2 LNG processing trains, LPG and condensate plants, product storage tanks, combined cycle power plant, administration facilities, utilities and product load out jetty. The completed LNG plant will have the capacity to produce up to 8.9 Mtpa of LNG.

2016-02-03 NT News: First works for new pipeline listed

The first lot of proposed works for the North East Gas pipeline has been released… The largest works is to complete the geotechnical investigations for the proposed 623km pipeline from Tennant Creek to Mt Isa in Queensland.

2016-02-06 Media Release: Registrations now open for Darwin ship lift project

The facility will be designed to accommodate boats more than 90 metres in length, including the new fleet of patrol vessels currently being procured by the Defence Force.

2016-02-03 Economic Brief: International Trade December 2015

In December 2015, the Northern Territory recorded an international goods trade surplus of $221 million… In the year to December 2015, the NT’s top 3 merchandise export destinations were: Japan ($2.5 billion), reflecting LNG exports from the Darwin LNG plant; China ($1.2 billion), predominately mineral ores including manganese, and concentrates such as zinc and lead; and Thailand ($440 million), petroleum products from the Montara Oil Field.

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.

 

2016-01-15 Economic Brief: APM House & Unit rents December Qtr 2015

The asking rent for houses in Darwin: $570 and units: $460. The asking rent for houses in Darwin remains the highest of the capital cities and for units is the second highest of all capital cities, behind Sydney ($500).

2016-01-06 NT News: Darwin rentals remain robust

Rental yields in Darwin remain the second best in the country… 5.3% for houses and 5.2% for units. Real Estate Institute NT chief executive officer Quentin Kilian “We are still a supreme market to invest and buy in from a rental yield position.”

2016-01-03 NT News: Gas is a great driver of financial opportunity in the NT

… the NT economy continues to outperform much of the nation thanks to the development of the Ichthys Liquefied Natural Gas project in Darwin and investment in other gas projects. Now the expansion of the onshore gas industry in regions such as the Barkly has the potential to become the Territory’s next great driver of economic opportunity.

2016-01-12 LNG World Shipping: Svitzer boos 2 Sanmar tugs for Ichthys LNG

Copenhagen-based Svitzer is ordering 2 more ASD tugs from Sanmar Shipyards to operate at Inpex’s Ichthys LNG project… part of its “promise to support the expected increase in operational activity within the port of Darwin”.

2016-01-06 Business News WA: Bhagwan to buy Programmed fleet

Bhagwan Marine is set to expand its presence in northern Australia… 24 vessels through the acquisition of Darwin-based Broadsword Marine Contractors… to further consolidate our position as the leading marine services provider supporting the oil and gas, resources.

2016-01-11 Financial Review: Beetaloo Basin our answer to US gas players

There is increasing confidence that the gas in place within the entire sub-basin is in the order of hundreds of trillion cubic feet.

2015-12-30 NT News: A year of building NT (2015)

Our unemployment rate was the lowest in the country at 4.1% and our participation rate the highest. Anyone who wanted a job could get one… The construction industry experienced a strong 2015 in the residential and commercial sectors…

Armour Energy, with oil and gas tenements in the McArthur Basin, became the target of an aggressive bidding war between American Energy Partners and Landbridge Group… AEP won. Under the deal, AEP took up to a 75% stake in Armour’s McArthur Basin assets by spending up to $US130 million over five years.

2016-01-06 The Australian: Malcolm Turnbull’s new strategy to unlock the north

The federal government has widened the scope of its $5 billion plan to spur new growth across northern Australia, putting commonwealth loan guarantees on the agenda… While northern Australia has a population of only 1.2 million, it makes up almost half the nation’s land mass and generates $178bn in economic output, with strong expectations its growth will continue to outstrip other regions. The draft legislation will clear the way for investments in major projects to help open up more of Queensland, Western Australia and the Northern Territory in fields such as transport, mining, energy and agriculture.

2016-01-16 The Australian: Josh Frydenberg: we can deal with reduced resources exports

Despite the turbulence in today’s markets, volumes are up, prices will invari­ably rebound over time and investment continues ­albeit at a slower pace... Australia is an innovative global leader in the ­resources and energy industry, with the product, the people and the proximity to growing markets that leaves it well positioned to capture the opportunities that lie ahead.

2016-01-11 ABC Rural: First shipment of cattle to Indonesia for 2016 sets sail from Darwin

Ashley James from Frontier International: "If Indonesia takes that 600,000 head then that's a huge number of feeder cattle and if Vietnam takes 200,000 to 300,000 head, that's pushing around 1 million head of cattle just for 2 countries, and that doesn't include [demand from] Brunei, Malaysia, the Middle East and then there's the China market. So I think it's going to be a big, big year for live export."

2016-01-11 ABC Rural: A big 2015 for live cattle exports from Darwin

Darwin Port exported more than 487,000 head of cattle in 2015, making it the port's 2nd -biggest year on record for live exports… the majority of cattle were shipped to Indonesia (341,759 head), followed by Vietnam (100,119) and the Philippines (23,611).

2015-12-23 NT News: grower buys candidate’s entire station

Tropical Forestry Services, biggest growers of sandalwood in the world... has bought 9,500ha property Stylo Station… The purchase of the property marks a further step in TFS’s expansion plans across Northern Australia. The company has stated it eventually aims to have 25,000ha of land planted with high-value, water intensive sandalwood crops.

2016-01-16 NT News: Hockey hits Darwin for talks on Port, Northern Australia

Soon-to-be Australian envoy to Washington Joe Hockey was in town this week… 95% of the discussion was about developing Northern Australia.

2016-01-07 Jakarta Post: Indonesian-Australian ties, a view from the Top-End

Indonesian-Australian relations have always been close, especially for those living in Darwin… Not only is Darwin close in geographic proximity to Indonesia - being 370kms to Saumlaki, Maluku, or 2.5 hours to Bali, as compared to 4 hours to Sydney - but it bears close historic ties.. The re-emerging Asian region also emphasizes the important position Darwin holds, especially since Chinese President Xi Jinping mentioned the importance of 3 cities for shipping, namely Hong Kong, Singapore and Darwin. The US “pivot” to Asia and Japan’s interest in liquid natural gas in this region also make it important for Indonesia and Australia to play a leading role…

2016-01-04 Nikkei Asian Review: Asian nations eye region’s breadbasket potential

While the southeast region of Australia is generally regarded as the country's economic heart, a growing number of Asian countries are looking to its fertile but less-developed northern area as a potential food source. A direct flight between Darwin, the capital of Australia's Northern Territory, and Singapore, the largest transportation hub in Southeast Asia takes just 4½ hours…

New trade rules should make it easier for northern Australia to attract direct investment and become a key link in Asia's food supply chain… Emerging Asian nations in particular are faced with the pressing need to secure a stable food supply. Their expectations for northern Australia, which has the potential to become a new breadbasket, and the port of Darwin, a major transport hub, are understandably high.

2016-01-01 NT News: Plan lift for croc industry

The demand for Territory crocodile products is extremely strong across the globe and we are world renowned for our high quality product… The total plan will bring the total number of viable eggs harvested to 90,000 a year, and the total number of animals harvested to 1,200 a year. Crocodile skins typically sell to fashion houses for $1000.

2015-12-27 Marine Corps Times: Corps’ Pacific Pivot

The Corps’ Pacific realignment will move forward in 2016… Marines’ 2015 deployment marked the 4th rotation through Darwin, and the 2nd time a full battalion landing team - about 1,170 Marines and sailors - has deployed to the Northern Territory… US and Australian defense leaders are looking to rotate a 3-ship amphibious readiness group through the region, and perhaps a carrier strike group.

2016-01-15 Media Release: Tourism message

Latest figures show that in 3 years… holiday visitation has increased by 7% to 734,000 and total visitation has increased by 14% to 1,484 million. Tourism is one of the Territory’s largest employers, providing jobs for around 16,000 people.

2016-01-06 NT Business Week: Kimberley casts spell on tourists

Australian Reef Pilots has reported record demand for its pilotage services across Northern Australia… ARP has nearly doubled the number of cruise ships it services since 2010.

2015-12-28 NT News: Darwin first stop for amazing Azamara Quest cruise ship

Luxury boutique cruise ship, Azamara Quest, has made its first port of call on its maiden Australian voyage, arriving in Darwin this morning from Indonesia… one of a record breaking 46 cruise ship visits to the city in 2015-16… (with) a passenger capacity of more than 70,000… According to figures released by the Australian Cruise Association in September, the average daily spend per passenger in Darwin was up to $288.

2016-01-18 Economic Brief: Deloitte Access Economics, December Qtr 2015

The Territory economy is estimated to grow by 2.5% in 2015-16 - the 2nd highest economic growth of all jurisdictions… The outlook is for the Territory economy to grow by an average of 3.3% pa over the 5 years to 2019-20 – 2nd highest economic growth forecasts of all jurisdictions behind Queensland (3.6% pa).

2016-01-14 Economic Brief: Labour Force, December 2015

The Territory’s trend unemployment rate decreased by 0.2 percentage point to 4.1% in December 2015… the lowest rate of all jurisdictions. Participation rate 74.3% (national 65.2%)

2016-01-13 Economic Brief: Engineering Construction Activity, Sept Qtr 2015

Engineering construction work done in the increased by 73.5% to $7.8 billion... reflecting work on several major projects, including the Ichthys liquefied natural gas project.

2016-01-07 Economic Brief: International Trade, Year to November 2015

Imports - Japan ($1.8 billion), mainly iron and steel; China ($923 million), mainly manufactured metal products; Thailand ($849 million), import of preassembled modules related to Ichthys project. Exports - Japan ($2.7 billion), reflecting LNG exports from the Darwin LNG plant; China ($1.3 billion), mineral ores including manganese, and concentrates such as zinc and lead; Thailand ($522 million), mainly reflecting petroleum products from the Montara Oil Field.

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.

 

2015-12 Housing Strategy Draft: Renting

The Territory has the highest proportion of renters of any Australian state or territory. 2013-14 around 30.3% of households were renting privately, against a national average of 25.7%.

2015-12-21 NT News: Development office for North

The new Office of Northern Australia is on track to open its doors in Darwin to the world next month... headed by former NT manager for the Department of Prime Minister and Cabinet, Mark Coffey. ONA will be located in Development House on The Esplanade, Darwin and will be fully operational from 18 January next year. Websitewww.northernaustralia.gov.au.

2015-12-18 NT News: Australian Border Force

The ABF will have a permanent base at East Arm Wharf in the Port of Darwin… expected to be fully operational by Feb’16… the Govt will spend $4M on preparing the base for use.

2015-12-15 Wall Street Journal: Port deal with Chinese Company

Michael Hughes, director of Australian infrastructure division… “We are very excited about the opportunities in northern Australia and the Northern Territory in particular across a range of sectors, mining, oil and gas, tourism, agribusiness and food. Landbridge certainly sees the investment in the Darwin port as a catalyst for further investments into northern Australia.” 

2015-12-14 NT News: Port embraces Chinese

An economic partnership agreement will be negotiated between the NT Government and the Chinese city of Rizhao, home of Darwin port lessee Landbridge… Landbridge is working on the Darwin port masterplan with key improvements including doubling the keyline length and an expanded refrigerated container area. It will spend $35 million on infrastructure in the first five years of its lease and has agreed to spend $200 million over a 20-year period.

2015-12-17 NT News: NT sees surge in Aussie tourists

Australian tourists are flocking to the Northern Territory in far greater numbers than this time last year and staying longer. New figures released yesterday by Tourism Research Australia show a 13% increase in domestic visitor numbers and a 17.5% increase in the number of visitor nights in the year to September.

2015-12-17 Economic Brief: Population June quarter 2015

The Territory reported the strongest quarterly increase in population (up by 0.5%).

 

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.

2015-12-12 NT News: Good time for home buyers

With a superheated east coast market, investors will be looking elsewhere to spend their money and Darwin is still offering the number one yields across the entirety of the Australian (capital cities) market.

2015-12-07 Economic Brief: APM House and Unit prices September quarter 2015

Median house price in Darwin $639,042, the third highest median house price behind Sydney ($1,040,429) and Melbourne ($702,176)… Median unit price in Darwin: $408,904, the third highest median unit price behind Sydney ($683,746) and Melbourne ($439,863).

2015-12-10 NT Business Review: Ambitious array of changes in pipeline

The new Northern Gas Pipeline may have its capacity increased before a pipe has been laid… a 14-inch pipe could be increased to 18 inches. In addition to the pipeline, a $150-million gas processor will be built at Philip Creek, 40km south of Tennant Creek.

2015-12-10 Tellus:

Darwin East Arm Storage & Transfer Facility Development Application Lodged

The Facility is designed to provide storage for bulk industrial salts from the proposed Chandler salt mine prior to export and as storage and transfer facility for equipment and storage materials from the mining, oil and gas, manufacturing and agricultural sectors.

2015-12-07 Media Release:

NT shows strongest growth in Australia for mineral exploration

Mineral exploration expenditure in the NT for the September quarter was $33.4 million, a 22% increase from the same period a year earlier… ABS data showed in the September quarter:

  • Exploration in the NT was three times that of SA, which had expenditure of $11 million 
  • NT had 10% of all Australian non-coal mineral exploration expenditure, up from 6% in 2013 
  • Greenfield exploration in the NT was $11.9 million, up 53% on the same quarter last year

ABS data also showed that gold and base metals exploration had their strongest quarter in the NT since 2012.

2015-12-12 NT News: Darwin railway corridor expands its reach

The rail corridor between Darwin and the Queensland border has been extended to Townsville following the signing of a memorandum of understanding in Sydney yesterday… MOU includes a “joint approach” to develop a Townsville-Darwin railway corridor and the development of a more competitive national freight transport market.

2015-12-11 Media Release:

China delegation to focus on NT tourism and business opportunities

Tourism and economic development opportunities will be the focus of a 5-day trade mission to China led by Chief Minister Adam Giles… includes representatives of the tourism industry, NT Cattlemen’s Association, Chamber of Commerce, Minerals Council and NT Farmers’ Association… “To date, the Greater China market remains relatively untapped by the Northern Territory with only 1.2% market share of the total visitors arrivals to Australia. We want to grow that number of visitors from 14,000 to 30,000 a year by 2020.”

2015-12-11 Media Release: Territory to host BIMP-EAGA 2016

BIMP-EAGA Ministerial meeting in Darwin on 27 April 2016… The meeting will occur just prior to a forum of Chambers of Commerce from all around Australia and the Asian region organised by the Chamber of Commerce Northern Territory.

2015-12-9 NT News: Light rail may be on line

As part of the draft Darwin Regional Transport Plan, which is out for comment, the government has suggested light rail as a long-term option for regional public transport.

2015-12-10 Economic Brief: Labour Force November 2015

Annually, trend resident employment increased by 2.6% in the Territory… the second highest annual change in trend employment of all the 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.

2015-11-12 Smart Property Investment: NT rental yield October 2015

Darwin city, right in the centre of the capital city, achieved 6.5 per cent rental yields for units.

2015-11-12 NT Business Review: … city still top of the rental pile

The relatively higher rental yield – compared to other state capitals – keeps properties in Darwin attractive to the interstate investors.

2015-11-18 NTG: Oil & gas Industry Development Strategy launched 

https://onshoregas.nt.gov.au/industry/oil-and-gas-industry-development-strategy

2015-11-17 NTG Media: NT announces Jemena to build gas pipeline to east coast 

Northern Territory Government has selected Jemena Northern Gas Pipeline Pty Ltd to construct and operate the North East Gas Interconnector (NEGI) Pipeline to connect NT gas to eastern gas markets. The pipeline will cost $800 million to construct and will run for 622kms between Tennant Creek in the Northern Territory and Mount Isa in Queensland… Construction of the NEGI will create more than 900 jobs during construction, 600 of which will be for locals and offer up to 100 contracts for local businesses worth about $112 million… Jemena expects construction of its 14 inch pipeline to be completed by 2018…  Power and Water Corporation will supply gas to the NEGI from its contracted suppliers. The quantity of gas PWC is entitled to under its contracts far exceeds the amount needed to meet the NT’s energy needs. PWC will use a gas sales agreement with Incitec Pivot Ltd to lock in a guaranteed gas supply for approximately 10 years from the completion of the NEGI to 2028.

2015-11-18 Chemicals-technology:Incitec signs long-term gas supply deal

Incitec Pivot has awarded a contract to Power and Water Corporation (PWC) for long term gas supply to its Phosphate Hill manufacturing plant in North West Queensland… (the) plant will receive gas for around 10 years, from the time of completion of construction of the pipeline…

PWC will buy gas, which will be supplied under the deal from Blacktip field, located in the Bonaparte Gulf off the NT coast, and the Dingo field in the Amadeus Basin… managing director and CEO James Fazzino said: "This project demonstrates that people with vision in Australia can achieve outstanding results. New gas from the Northern Territory will create new jobs in northern Australia.” 

2015-11-18 NT News: OSD sees untapped potential in pipeline 

OSD last week opened its first permanent Northern Territory office… we see the NT as a place with significant upside for us. We also see the (NEGI) pipeline as a hugely positive step in terms of linking the Northern Territory, where gas is, to the eastern seaboard, where the demand is… Managing director Linton Burns said… “We see the Northern Territory as the new frontier, there is so much untapped possibility here.”

2015-11-13 Financial Review: Developing the north of this island continent 

Darwin has become a major liquefied natural gas port and the world's largest live cattle port. ConocoPhillips has been exporting gas since 2006 and the INPEX Ichthys project is about to come on stream. It is both the source of major new Chinese investment in its main port and a point for the US military pivot to Asia.

2015-11-08 Financial Review: Chinese Darwin port owner plans energy expansion

The Chinese-owned company confirmed it was looking to significantly boost its investments in Australia. Landbridge Group Australia director Mike Hughes said… this could be in the resources sector as well as real estate and tourism… they were also looking to boost economic activity in Darwin and the Northern Territory, which they hoped would boost business through the port.

2015-11-13 Media Release: East Arm Logistics Precinct expands further

The East Arm Logistics Precinct continues to expand as a major transport and logistics hub after Northline officially opened the new Darwin facility which will act as a central hub… Over the past 18 months, in excess of $74 million has been invested in new supply and logistics facilities at East Arm for Shell Prelude, Toll/INPEX, Qube/Conoco Philips and Northline.

2015-11-12 NT Business Review: 3 more cattle stations under contract in region

The NT pastoral property market has strong momentum, with 3 more reported stations contracted for sale in recent weeks.

2015-11-20 Economic Brief: Gross State Product

In 2014-15, the Territory's gross state product (GSP) increased by 10.5%, to $22.5 billion. This was the highest rate of all jurisdictions. Private investment increased by 16.1% to $13.7 billion... This investment is associated with work on major projects including the Ichthys liquefied natural gas (LNG) project. Public investment grew by 23.4% to $1.7 billion… Territory's real GSP per capita increased by 10.1% to $92,107, highest rate of increase of the jurisdictions (nationally, real GSP per capita increased by 0.8% to $68 609).

2015-11-17 Financial Review: Quiet Revolution

As the mining boom ends in Western Australia and Queensland, the Northern Territory is becoming the focal point for global investors… the future is driven by big resources projects with forecast average economic growth of 4% a year for the next few years.

2015-11-18 NT News: Key trade talks here

Minister for Asian Engagement and Trade Peter Styles will welcome representatives of Brunei Darussalam, Indonesia, Malaysia, The Philippines in the East ASEAN Growth Area (BIMP-EAGA)

 

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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