News

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.

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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