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.

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.

 
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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