Tag Archives: mining

Australian capital expenditure goes up

Sydney: The rise in capital expenditure (capex) in the June quarter suggests that the mining boom in Australia will continue for the next few years, economists said Thursday. New private capital expenditure rose 3.4 per cent in the June quarter, data released Thursday by the Australian Bureau of Statistics (ABS) showed. The median market forecast

Australian economy recovering slowly

Sydney: Australian economic conditions are at their strongest since September 2011, but the growth rate of future economic activity remains below long-term trend, according to a survey released Wednesday by the Westpac Banking Corporation and the Melbourne Institute. The Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity three to nine months

Australian mining firm picks Wipro for IT solution

Bangalore: Australian mining firm MMG has selected Indian IT bellwether Wipro Technologies for providing a key IT solution as its key strategic partner, the global software services major said Thursday. “The multi-million dollar deal involves developing an integrated business management over the next three years to MMG, with a common operating platform for its cross-country

Australia throws spanner in GVK’s $6.4 bn coal mine project

Sydney: Indian infrastructure major GVK Group suffered a setback Tuesday with the Australian government halting work on the $6.4-billion Alpha coal mine project in Queensland till it gets a nod from the Federal Environment Department. Alpha coal project got approval from the state government only last week. Announcing the suspension, Environment Minister Tony Burke called

Australia’s largest beef producer to employ Indian workers

Melbourne: Anticipating hardships in finding skilled workers onshore, the largest beef producer of the continent, Australia Agriculture Co (AAco), may recruit hundreds of Indian workers for its new abattoir in the country’s north. “India will be key, but of course we have a relationship with IFFCO which kills about 3.5 million buffaloes a year. So

Indian Industrial Output Shrinks

New Delhi: India’s industrial output contracted to minus 5.1 per cent in October, according to data released Monday, slipping more than expected and sparking off fears of a further slowdown in the economy. India Inc. responded by asking policymakers to incentivise investment and ease interest rates. Growth in factory output, measured in terms of the

“No nervousness over changing pattern of investments”

Melbourne: Australia said it is not ‘nervous’ about the changing investment pattern in the country as Chinese and Indian investors queue for rights to the nation’s huge mining reserves. Australian Trade Minister Craig Emerson said that Canberra was positioning itself to reap benefits from Asia’s rise. Emerson said that the government was undertaking a review

“Australia’s resources industry will need more workers”

According to Bhp Billiton, Australian resources industry will need an extra 170,000 workers in the next five years. The mining giant said the resources boom will create 90,000 continuing jobs by 2016 and demand for temporary construction workers will peak at 80,000 in 2014. In a sign of the growing risk of skills shortages, BHP’s

South Australia beckons Indian investors

The South Australia province invited Indian investors to tap the huge potential of the largely unexplored mining sector along with education and renewable energy segments. “We are going very strongly in the mining area to diversify the economy. There are vast mining areas which are very underexplored,” South Australia premier Mike Rann said. “India is