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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