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April 12 2017 2:25 PM
A recruitment drive carried out by NBN Co. to employ workers to construct the national broadband network in Perth will lead to creation of jobs. Through its “Active Job Seeker Campaign,” the company seeks to employ people with experience in sectors including mining, boatbuilding, road and bridge construction, electricity distribution and transmission and electronic and precision equipment repair.
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April 12 2017 11:57 AM
Australia is looking to back a concessional loan of almost $1 billion that will be used for constructing the world’s largest coal mine. The loan to Indian conglomerate Adani Group comes as the Carmichael project has been affected by protestors citing environmental concerns.
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April 12 2017 11:24 AM
Iron ore continued to undergo a downslide on Tuesday. This comes as spot markets recorded a decline for the fourth session in a row. As Chinese futures remained on the lower side, the probability of the decline to extend into Wednesday looks likely.
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April 11 2017 1:31 PM
Medicinal cannabis campaigner Lucy Haslam said scores of users of the drug can be deemed criminal, as she emphasises on the need to make access to the drug easier. Referring to the issue, she says there is an “elephant in the room” concerning access to the drug.
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April 11 2017 11:57 AM
Prime Minister Malcolm Turnbull discussed with Indian Prime Minister Narendra Modi the prospect of exporting more coal to India and enhancing the number of Indian students travelling to Australia during his first day of the visit to the country. However, he underplayed the prospect of a free trade deal between the two countries.
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April 11 2017 11:24 AM
Iron ore has made an entry into the bear market, with analysts forecasting further weakness of Australia’s largest export. As noted by Metal Bulletin, the spot price for benchmark 62 percent fines declined by another 1 percent to reach US$74.71 (AU$99.52) a tonne on Monday.
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April 11 2017 10:53 AM
Queensland’s coal exports are expected to see an improvement later in the week. Following the disaster left behind in the wake of Cyclone Debbie, repair work of rail links responsible for transporting millions of tonnes of coal to port is underway.
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April 10 2017 1:58 PM
Prefabricated building company Arkistruct, based in Brisbane, has announced it will be supporting local manufacturing by bringing back its business to Australia. Arkistruct is shifting its business by having its equipment shipped from a factory in China that developed its prefabricated panels.
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April 10 2017 12:48 PM
Coking coal market has witnessed a supply gap following the effects caused by the disastrous Cyclone Debbie. The thermal coal producers will be endeavouring to close this gap by altering their thermal supplies to fulfil the demands of the steelmakers.
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April 10 2017 11:54 AM
South Australia witnessed its green energy production reaching record levels. With this achievement, the state looks set to reach its renewable energy target of 50 percent eight years ahead of schedule.
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April 10 2017 11:23 AM
Iron ore spot markets fell heavily on Friday, marking the first biggest decline in terms of percentage in more than a year. As noted by Metal Bulletin, the spot price for benchmark 62 percent fines slid by a considerably large margin of 6.76 percent to settle at US$75.45 (AU$100.47) a tonne.
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April 07 2017 1:50 PM
Prime Minister Malcolm Turnbull will give India the assurance of providing coal, uranium, gas and renewable energy technology. The recommitment will come as Turnbull and Indian Prime Minister Narendra Modi will meet in Delhi on April 10.
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April 07 2017 1:09 PM
Australia is inching closer to signing a free trade deal with the European Union. The development comes following a conclusion of what has been called a “scoping exercise.”
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April 07 2017 12:29 PM
Aerospace company Boeing is establishing a new office in Adelaide, which will lead to the creation of as many as 250 jobs. Scheduled to open next week, the new office will support advanced military systems and engage in research and development.
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April 07 2017 11:53 AM
Chinese iron ore futures sustained a downfall on Thursday evening. This raises the likelihood of spot markets showing weaker performance on Friday.
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April 07 2017 11:13 AM
Rio Tinto Iron Ore said in a statement that its development projects will lead to the creation of as many as 1,000 jobs. This comes as Western Australia’s new Premier Mark McGowan referred to the financial situation of the state as “the worst since the Great Depression.”
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April 06 2017 2:12 PM
Vessel Yangtze Harmony, which marks the introduction of a new player in Australia’s livestock exporting sector, has started its first voyage. The ship, carrying as many as 12,500 sheep, is currently headed for Oman.
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April 06 2017 1:31 PM
The Turnbull government will be awarding the University of Melbourne almost $500,000 for enhancing the production scale of medicinal cannabis. The program aims at bettering the process of extracting parts of cannabis plants that can be used as an alternative form of treatment for chronic pain.
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April 06 2017 12:10 PM
A secure and inexpensive Australian power grid running on 100 percent renewable energy can be constructed by pumped hydro storage, a new study from the Australian National University (ANU) reveals. The power grid, producing zero emissions, will require wind and solar photovoltaic (PV) technology to run, along with pumped hydro storage, according to lead researcher Professor Andrew Blakers.
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April 06 2017 11:30 AM
Iron ore spot markets bounced back to climb upward on Wednesday. The news comes as trade resumed in China following a four-day holiday.
