Business News Releases

Cape York plan is focus - QRC

THE PEAK representative body for minerals and energy developers in Queensland has reiterated its commitment to working with the state government for a balanced and productive regional land use plan for Cape York.

Queensland Resources Council Chief Executive Michael Roche said the government’s declaration to ban open cut mining across the entirety of the Steve Irwin Wildlife Reserve was an unexpected blow to QRC member Cape Alumina, the company’s shareholders and to the confidence of the broader junior resources community.

"However, we must respect the government of the day’s right to make decisions in what they consider to be the state’s interests," he said. "The issue now is where to next – and that’s clearly the draft regional plan for Cape York on which the state government is inviting comment until 25 March next year.

"The resources sector has not strayed from its commitment to working with the state government to deliver the best possible outcomes for Cape York, Far North communities and for the environment.

"Open slather mining is not one of the options on the table and nor should it be.

"Mining has played a positive role in the Cape’s history and can play a similar role in its future with a regional plan that recognises and complements the region’s environmental, agricultural and resources strengths.

"‘Weipa’s celebration this week of 50 years’ continuous bauxite mining is tangible evidence of what that one operation has delivered especially in terms of employment and economic opportunity to local indigenous communities.

"‘The state government is offering Queenslanders a once in a lifetime opportunity to plan for the future of Cape York – a land mass bigger than England. It’s therefore essential that we get it right from the start."

Mr Roche said the state government has been at pains to point out that the plan is a draft and that they are open to hearing persuasive arguments for revisions.

"Over coming weeks the QRC and its member companies will bring to the table the rigorous science and evidence needed to demonstrate that projects currently facing some uncertainty under the draft plan can be delivered without detriment to the environmental values of the Cape," he said.

"Queensland has an extremely comprehensive set of requirements relating to the environmental assessment and management of mining, and these should be fully utilised to assess the merits of proposed resource projects.

"Industry working constructively with government is the surest route to delivering certainty for investors and shareholders and large numbers of well paid jobs in the Cape, especially for indigenous communities experiencing horrendous unemployment levels," he said.

http://www.qrc.org.auends

ends

 

  • Created on .

Retailers call on credit card companies to put a stop to rising interest rates

PEAK retail industry body the Australian Retailers Association (ARA) said despite the Reserve Bank of Australia (RBA) leaving the cash rate unchanged since August, credit card companies have been hiking up rates on their cards – leaving both retailers and consumers struggling to make the most of the festive season.

ARA Executive Director Russell Zimmerman said according to data from the RBA, the average interest rate on a standard credit card went up five basis points to 19.6 percent in November, and the average interest rate on a low-rate card went up 10 basis points to 13.05 percent in October.

“A number of banks have increased the rate on their credit cards by up to 100 basis points, and in one case up to 225 basis points.

“With Christmas just around the corner, shoppers are spending more than usual but we also know that people are trying to save as much as possible too. According to the Australian Bureau of Statistics, household saving is now at the second highest level since the global financial crisis erupted in 2008.

“While the ARA is pleased to see household saving on the rise, we also encourage consumers to increase their discretionary spending in Australian stores and support their local retail sector. With interest rates lower than they have been for some time, now is the time for credit card companies to provide some breathing room for consumers and retailers alike,” Mr Zimmerman said.

Since 1903, the Australian Retailers Association (ARA) has been the peak industry body representing Australia’s $258 billion retail sector, which employs over 1.2 million people. The ARA ensures retail success by informing, protecting, advocating, educating and saving money for its 5,000 independent and national retail members throughout Australia.

Visit www.retail.org.au

or call 1300 368 041.

ends 

  • Created on .

Retailers well on their way to achieving $42.2 billion in pre-Christmas sales

PEAK retail industry body the Australian Retailers Association (ARA) said retailers are working around the clock to make the most of the festive season – with $42.2 billion in pre-Christmas sales expected to go through retail tills from 14 November until 25 December, representing a 3.5 percent gain on sales during the same period in 2012 ($40.7 billion).
 
ARA Executive Director Russell Zimmerman said the 3.5 percent growth (based on 2013 Christmas sales predictions prepared by ARA research partner Roy Morgan Research) is a positive sign for the retail sector and an indication that shoppers have well and truly started their Christmas shopping.
 
“Anecdotally, we have had a number of reports from retailers that shoppers have started their Christmas shopping a little earlier this year, rather than leaving it until late December like previous years. Conversations with retailers have also reported large sales on specific popular products, meaning shoppers need to get in early if they want to guarantee their products of choice will still be on the shelves.
 
“Electronics and sporting retailers have especially enjoyed a jump in sales over the last week or two, with sporting and outdoor equipment, gaming consoles, iPads, mobiles and tablets tipped to be the hottest items under Australian Christmas trees this year.
 
“Both the Sony Playstation 4 and Microsoft Xbox One have now been released, and interestingly, shoppers are said to be almost twice as likely to purchase the Sony Playstation 4 over the Microsoft Xbox One.
 
“While we can expect traditional gifts such as perfumes, cosmetics, toys, games, footwear and clothing to continue to fly off the shelves and down the chimney, Australian consumers are looking for something new and exciting to keep them entertained this festive season.
 
“With the biggest online shopping day (Sunday 8 December) now behind us, retailers are looking forward to next week, as the week before Christmas remains the busiest time for pre-Christmas shopping,” Mr Zimmerman said. 
 
View the ARA Christmas infographic HERE for an overview of pre-Christmas sales data
 
Since 1903, the Australian Retailers Association (ARA) has been the peak industry body representing Australia’s $258 billion retail sector, which employs over 1.2 million people. The ARA ensures retail success by informing, protecting, advocating, educating and saving money for its 5,000 independent and national retail members throughout Australia.

Visit www.retail.org.au or call 1300 368 041

ends 

 

  • Created on .

Victorian business welcomes Victoria's first Aboriginal Economic Strategy

VECCI congratulates the Victorian Government on the launch today of Victoria’s first Aboriginal Economic Strategy.

“It is important that this strategy provides a framework to support the future growth and development of Victoria’s Aboriginal businesses,” says VECCI Chief Executive Mark Stone.

“The effective linking of education, employment opportunities, business enterprise development and investment will be vital to ensuring Victoria’s Aboriginal-owned businesses reach their full potential.”

VECCI provides strong support for Victoria’s Aboriginal business community through its Aboriginal Business Advisor Program (ABAP), which is supported by the Victorian Government.

The ABAP provides a range of mobile and tailored support for operators or those wanting to start an Aboriginal-owned business in Victoria, including business and personal coaching, business tools and information, and networking workshops and opportunities.

Further information about the program can be found at www.vecci.org.au/abap 

ends 

  • Created on .

Coal mine closure sign of times

THE announced closure of the Wilkie Creek thermal coal mine near Dalby is another disappointing turn in the fortunes of the export coal industry, Queensland Resources Council Chief Executive Michael Roche said today.

"The announcement is a sad blow for the region but also indicative of the challenging outlook for the thermal coal industry in particular," he said.

"It’s no secret that a number of mines in Queensland and New South Wales are walking a financial tightrope as a result of subdued global demand, inherently high production costs and a stubbornly high exchange rate.

"At some mines operations are continuing only because it is more expensive to walk away from take or pay contracts for rail and port services.

"Cost cutting is the only the mechanism available to coal companies to ride out the downturn that we estimate has cost more than 8000 positions in Queensland since mid-2012," he said.

www.qrc.org.au

ends

 

  • Created on .

Contact Us

 

PO Box 2144
MANSFIELD QLD 4122