Are Australia’s Glory Days with China Over?

Well over a century ago, on a visit to London in 1897 for one of his well-publicised speaking engagements, beloved American writer, humorist, an all-round raconteur Mark Twain was the victim of a rumour that he had grown ill, weakened, and died. Back in the United States, the news of his death was so convincing that the New York Journal published his obituary. According to legend, when informed by a reporter about his demise, Twain famously quipped: “The reports of my death are greatly exaggerated.”

Are Australia’s Glory Days with China Over?

Australia Leads the Pack for Mining Investment

With a rich history going back hundreds of years and employing hundreds of thousands of men and women, Australia’s mineral wealth contributes billions of dollars to the economy every year. Mineral wealth is incredibly diverse across the nation, including everything from iron ore to bauxite, lead, manganese, alumina, nickel, copper, zinc, coal, uranium, gold, silver and more.

Down Under, or On Top?

A Key to Mining Success

Over the years, Australia’s mining and marine sectors have worked together to process products and get them loaded onto ocean-bound vessels for ports in other countries. Fortunately, Australia is home to some of the largest and most advanced shiploaders in the world, such as the ones at Abbott Point in Queensland, Dampier Port in Western Australia, and the unique ‘snake’ loader at the Port of Adelaide in South Australia.

Shiploaders

Business, not Bust after the Boom

Reporting on the recent research publication by RBA economists Vanessa Rayner and James Bishop, his take-home message was one of hope: “In short, what we’ll be left with is a very much bigger mining sector. The trick is that this boom is actually as much structural (lasting) as cyclical,” he explains. “Australia has had commodity booms in the past, and almost all of those were transitory.”

Australia’s ‘Coming of Age’

Linc Energy’s Shale Oil Find Gives Rise to Lofty Ambitions

With a 100 per cent interest in licenses covering over sixteen million contiguous square acres in the Arckaringa Basin, Brisbane company Linc Energy boasts a $1.16 billion market value from land it acquired four years ago for just $300 million. In that time, the company has spent an additional $130 million digging four deep wells and nearly two dozen shallow wells in its search for usable and extractable resources.

Securing Australia’s Future Energy Stability

Drastic Shortfall Raises Questions over MRRT

The Gillard government’s target of collecting $2 billion more in taxes from the nation’s mines not only missed the mark, but might as well have been in a different shooting range entirely, bringing in a relative pittance of $126 million ($129.8 million US).

A Dollar ShortA Dollar Short

Examining the “Whitehaven Hoax”

The elaborate prank sent shockwaves through the ASX when a fake press release was sent out at 11:45am on Monday, 9 January, temporarily eradicating $314 million in value from Whitehaven Coal’s shares. Although never published through the ASX’s official platform, the bogus press release was picked up by numerous media outlets including Business Spectator, The Australian Financial Review’s website and wire service Australian Associated Press.

History Is Full of This, But What Will Our Future Hold?

Cursed

With a multitude of ways in which the “curse” could present itself, including the most commonly discussed ‘Dutch Disease’ which accounts for the “hollowing out” of sectors outside of mining, it is easy to see how the resources boom might ultimately become a blight.

Australia’s Economy after the Boom

Deepwater Drilling

Most scientists agree that we know more about the dark side of the moon than about the bottom of the sea. To go this deep, the industry is pushing the limits of technology and facing crushing pressure, near-freezing temperatures, and mind boggling distances.

Extracting Oil at Once Unimaginable Depths

Australia’s First Miners

Indigenous labour is quickly remaking the face of the mining industry. ABC News reports that a decade ago, only half a per cent of Rio Tinto’s workforce was Indigenous. Today, the company hires more Indigenous workers than any other private employer in Australia – over 1,100 people representing at least 11 per cent of its total WA workforce. And, Rio Tinto aims to bring that total up to 20 per cent by 2015.

Indigenous Workforce Participation

Strategic Resources

There are 17 classified rare earth elements, many of which have strategic purposes. Rare in name only, these elements are anything but scarce as they are found all over the world. The challenge rare earth elements pose is during extraction, as they exist in low concentrations and are difficult to separate from one another.

August 20, 2017, 10:22 AM AEST