1. Australian Broadcasting Corporation: Uranium demand tipped to boost Indigenous jobs at Ranger
Energy Resources of Australia is confident it will meet its target of 20% indigenous employment with growing international uranium demand and future expansion plans at its Ranger mine. Within the year, the company has increased indigenous employment from 16% to 18%.
2. Bloomberg: [...]
Entries from July 2008
July 31, 2008
Top ten stories for July 31, 2008
July 30, 2008
Top ten stories for July 30, 2008
1. Bloomberg: Oakajee Iron Ore Port, Rail Cost May Rise 17% to A$3.5 Billion
Higher cost estimates could take fizz out of celebratory champagne for yesterday’s port contract win, left with expensive grape juice. Murchison and Mitsubishi’s Oakajee Port & Rail joint venture is expected to cost between A$3 billion and $3.5 billion. The port could [...]
July 30, 2008
The sky is falling!
Chicken Little, the sky is falling. Did you not notice the sky is falling? I mean, everyone knows the sky is falling. Do you not watch TV, read a newspaper, own a house, have a mortgage? Do you not know that the sky is falling is the flavor of the day?
Do not worry. Next we [...]
July 29, 2008
Top ten stories for July 29, 2008
1. The Age: Murchison beats Midwest in WA port tender
Preferred builder announced: Murchison and Mitsubishi beat out Midwest in development bid for new Western Australia deepwater port. The port will increase export capabilities in the growing iron ore region.
2. Herald Sun: Coal exporter looks to India.
BPH Billiton Mitsubishi Alliance is confident of the [...]
July 28, 2008
Top ten stories for July 28, 2008
1.The Economics Times: POSCO takes new tack with $4bn Daewoo shipyard bid
Spending cash abundant for steelmaker POSCO, limited shopping venues available. The company is looking to purchase resource mining companies in order to secure future demands, must compete with other steel producers.
2. The National Business Review: Aust company claim threatens “mining industry”
Fortescue Metals Group [...]
July 28, 2008
Drill, drill, drill vs. Research, tax, research
Drill, drill, drill.
Sounds so simple, right? If you drill, you end up with oil. And if you end up with more oil, you will drop the price, right? The reason to drill has to do more with what people think than reality. What I mean by that is the drilling will cause people to think [...]
July 25, 2008
Top ten stories for July 25, 2008
1. The Age: Chinese to get Ranger uranium by year’s end
An unnamed Chinese electricity utility will receive the first uranium shipment from Australia. Energy Resources of Australia’s Ranger uranium mine, controlled by Rio Tinto, looks to increase uranium production to supply China’s expanded nuclear power plans. BHP plans to follow suit.
2. Fox 5 News: State [...]
July 25, 2008
Just trade bad paper for good paper
Without ground rules to play with in the financial markets, people will make stupid bets for short-term profit that cost everyone 100 times over in the long term. The U.S. had–I stress had–the best mortgage system in the world: 30-year fixed paper at a decent rate, with 20% down. This was a bet that created [...]
