When Malcolm Turnbull took over as Prime Minister he promised that, with the mining boom over, innovation would be the key to unlocking jobs and growth. But, two-and-a-half years later, those responsible for commercialising new ideas say Australia is being left behind with sustained cuts to higher education and low business investment in research and development. One of the Government's own advisers says Australia is comparable to third world economies reliant on old industries like banking and mining, against countries like the US where the top companies are all high-tech. Chief economics correspondent Emma Alberici reports. For more from ABC News, click here: http://www.abc.net.au/news/ Follow us on Twitter: http://twitter.com/abcnews Like us on Facebook: http://facebook.com/abcnews.au Subscribe to us on YouTube: http://ab.co/1svxLVE Follow us on Instagram: http://instagram.com/abcnews_au
Views: 12473 ABC News (Australia)
The mining industry has grown our GDP, employed our population and trained our next generation. The gold industry in Western Australia accounts for 68 per cent of Australia's overall gold production, with Australia being the world's second-largest gold producer. Gold is our third-largest mineral export, and in the 2015-16 financial year our gold exports were valued at some $16 billion, with that number likely to increase again this financial year.
Views: 37 Melissa Price MP
Voter Rights Party voterightsparty.com https://www.facebook.com/groups/1437021733231319/ I've taught & studied economics for 28 years. 130 sources used, including, World Economic Outlook Database, World Bank Open Data, Australian Bureau Statistics, Australian Trading Economics publication, federal govt budget reports, & wikipedia research. One of the largest mixed market economies in the world 2nd wealthiest nation in terms of wealth per adult, after Switzerland. Total wealth - AUD$8.9 trillion (June 2016) 8th highest total estimated value of natural resources, valued US$19.9 trillion in 2016. 14th largest national economy by nominal GDP (domestic monetary market value, goods & services) 20th largest by PPP-adjusted GDP (international monetary market value, goods & services) 25th-largest goods exporter 20th-largest goods importer GDP of AUD$1.69 trillion (2017) GDP by sector; our economy is dominated by our Service sector; 61.1% of GDP & employing 75.6% of jobs 2016; Services 61.1%, Construction 8.1%, Mining: 6.9%, Manufacturing: 6.0%, Agriculture: 2.2% (2016) Work Force by Occupation: Services 75.6%; Construction 9.1%, Manufacturing 7.5%, Wholesale Trade 3.2%, Agriculture 2.7%, Mining 1.9% (2016) GDP per capita $56,135 (nominal) Average Gross Weekly Salary $1605 (full time adult) $1179 (all jobs) May 2017 Work Force 12.5 million; Unemployment 5.6%, 735,000; Participation rate 65.7% (March 2018) Not include aged & disability pensioners, non working students, prisoners, & homeless, we know 3.2 - 3.4 million citizens drugged, non-participation rate 34.3% Inflation Rate 1.8% annually Govt Revenues $461 billion Govt Expenses $484 billion (2017); $23 billion federal budget deficit (1.9% of GDP) Public Debt 42.3% of GDP (Oct 2017) is Aust govt debt, amount owed by Aust federal govt. April 2017, the gross Aust govt debt $567 billion, increase from $420 billion (2016), from $59.6 billion (2004). Net federal debt estimated $326 billion in 2016-17 federal budget - 60% is owed to foreigners. Public Debt to GDP ratio listed by CIA’s World Factbook & IMF. Net debt figure is the cumulative total of all govt borrowings less repayments denominated in a country's home currency. Exports $388 billion (2017); primary products 60.1% Imports $376 billion (2017); manufactured products 59.9%; overall current account trade deficit end Dec 2017 $14 billion deficit Net foreign debt liability position increased 2% by $19.6 billion to $1.10 Trillion, Dec 2017. Total Gross External Debt AUS$1.94 Trillion (Feb 2018) Gross External Debt is the total debt a country owes to foreign creditors (foreign debt), together with internal debt owed to domestic lenders. Debtors include the govt, corporations & citizens of our country. Debt includes money owed to private commercial banks, other govts, & international financial institutions, International Monetary Fund (IMF) & World Bank. Net international investment position liability $986 billion Dec 2017, a 3% increase $27.8 billion from Sept 2017. $40 billion in interest given to domestic & foreign banks & corporations, annually, to service govt & external debt. Taxation; Aust has a vertical fiscal imbalance; in the top 5 pronounced VFI's in the world: states & territories collect only 18% of all govt revenues yet have 50% of govt expenditure. Our (Voter Rights Party) new tax system will fix these imbalances. Australia's large companies include; Wesfarmers, Woolworths, Rio Tinto Group, BHP Billiton, Commonwealth & NAB Banks, Westpac, ANZ, Macquarie Group, Telstra & Caltex Aust. Poverty; 2017 ACOSS report revealed growing poverty in Aust, estimated 2.9 million people or 13.3% of all people living below the internationally accepted poverty line. Also estimated 731,000 children are in poverty, & 17.5% children under age 15 in poverty. Homelessness: Every Census since 2006 proves increases in Homelessness. In 2011; 105,237 people homeless on census night, 1 in 200 Australians represented 17% increase from the 2006 census, from 45 per 10,000 to 49 per 10,000. Homeless people increased more than 14,000 - 14% - in the five years to 2016, (ABS census). 116,000 homeless on 2016 census night; 50 homeless people per 10,000. 2006 – 2011 Increased 17% 105,237 2011 – 2016 Increased 14% 116,000 Historical implications of homelessness Australia is a mess economically. Those politicians have created massive disparities between rich & poor in Australia. We obviously have more than enough existing & natural resources wealth for all adults to be working or receive international standards in basic income, & to be housed. Govt & external debt is massive, & increasing, & created by liberal & labor progressively since 2nd world war. No excuses for the deaths, poverty, & homelessness that has occurred in this country over the past century to today. Study our economic vision for Australia, & view it as definite economic strategies to eradicate govt & external debt & improve income living standards for all citizens.
Views: 1305 Teresa van Lieshout
The '''economy of Australia''' is developed and one of the largest mixed market economies in the world, with a G D P of A U D $1.69 trillion as of 2017. Australia is the second wealthiest nation in terms of wealth per adult, after Switzerland. Australia's total wealth was A U D $8.9 trillion as of June 2016. In 2016, Australia was the 14th largest national economy by nominal G D P, 20th largest by P P P -adjusted G D P, and was the 25th-largest goods exporter and 20th-largest goods importer. Australia took the record for the longest run of uninterrupted G D P growth in the developed world with the March 2017 financial quarter, the 103rd quarter and 26 years since Australia had a technical recession ( two consecutive quarters of negative growth ) . The Australian economy is dominated by its service sector, comprising 61.1% of the G D P and employing 79.2% of the labour force in 2016. East Asia ( including A S E A N and other Northeast Asia countries ) is a top export destination, accounting for about 64% of exports in 2016. Australia has the eighth highest total estimated value of natural resources, valued at US$19.9 trillion in 2016. At the height of the mining boom in 2009-10, the total value-added of the mining industry was 8.4% of G D P . Despite the recent decline in the mining sector, the Australian economy has remained resilient and stable and has not experienced a recession since July 1991. The Australian Securities Exchange in Sydney is the 16th largest stock exchange in the world in terms of domestic market capitalisation and has the largest interest rate derivatives market in Asia. Some of Australia's large companies include but are not limited to: Wesfarmers, Woolworths, Rio Tinto Group, B H P Billiton, Commonwealth Bank, National Australia Bank, Westpac, A N Z, Telstra and Caltex Australia. The currency of Australia and its territories is the Australian dollar which it shares with several Pacific nation states. Australia is a member of the A P E C, G20, O E C D and W T O . The country has also entered into free trade agreements with A S E A N, Canada, Chile, China, Korea, Malaysia, New Zealand, Japan, Singapore, Thailand and the United States. The A N Z C E R T A agreement with New Zealand has greatly increased integration with the economy of New Zealand and in 2011 there was a plan to form an Australasian Single Economic Market by 2015. All text, either derivative works from Wikipedia Articles or original content shared here, is licensed under: Creative Commons Attribution-ShareAlike 3.0 Unported License A full list of the authors of the original content can be found in the following subdomain of wikipedia, here: https://en.wikipedia.org/wiki/Economy_of_Australia (Economics: Modern State Economies)
Views: 227 FrogCast
What does Luxembourg have that makes them so incredibly wealthy? What did they do in this country in order to enjoy such a great quality of life? Today we are going to answer these questions. And don't forget to visit our friend’s podcast, Reconsider Media: http://www.reconsidermedia.com/
Views: 567015 VisualPolitik EN
Subscribe to our channel http://bit.ly/AJSubscribe Australia has been one of the beneficiaries of China's economic growth over the last two years. Despite cooling off slightly during the global economic crisis, China's continuing demand for raw materials has been a major boost to the Australian mining industry. China's need for commodities such as iron ore is helping mineral-rich Western Australia lead the rest of the country to recovery. Al Jazeera's Aella Callan reports from the small coastal town of Geraldton, where plans are under way to build a new deep water port by 2012 to keep up with the demand from China and other emerging economies in Asia. At Al Jazeera English, we focus on people and events that affect people's lives. We bring topics to light that often go under-reported, listening to all sides of the story and giving a 'voice to the voiceless.' Reaching more than 270 million households in over 140 countries across the globe, our viewers trust Al Jazeera English to keep them informed, inspired, and entertained. Our impartial, fact-based reporting wins worldwide praise and respect. It is our unique brand of journalism that the world has come to rely on. We are reshaping global media and constantly working to strengthen our reputation as one of the world's most respected news and current affairs channels. Social Media links: Facebook: https://www.facebook.com/aljazeera Instagram: https://instagram.com/aljazeera/?ref=... Twitter: https://twitter.com/ajenglish Website: http://www.aljazeera.com/ google+: https://plus.google.com/+aljazeera/posts
Views: 8885 Al Jazeera English
The Big Dig: Mongolia is the new frontier in a massive, break-neck speed resources rush. But as it races to take advantage of Chinese demand, helped along by Rio Tinto, what is it getting from digging up the steppes? For similar stories, see: The Children Risking Their Lives In Underwater Gold Mines https://www.youtube.com/watch?v=P1L_pxYZVwE Is Bolivia's Lithium-mining Industry Expanding Beyond Its Control? https://www.youtube.com/watch?v=P7bKoAaHXqw Is Space Mining Set To Change The World? https://www.youtube.com/watch?v=IKAQmE1Iexw Subscribe to journeyman for daily uploads: http://www.youtube.com/subscription_center?add_user=journeymanpictures For downloads and more information visit: http://www.journeyman.tv/film/5694/the-big-dig Like us on Facebook: https://www.facebook.com/journeymanpictures Follow us on Twitter: https://twitter.com/JourneymanVOD https://twitter.com/JourneymanNews Follow us on Instagram: https://instagram.com/journeymanpictures Genghis Khan must be rolling in his grave as foreigners arrive in Mongolia to plunder his once mighty domain. Australian miner Rio Tinto is about to open one of the biggest copper mines on the planet in Mongolia, which will soon account for more than 30% of the country's entire GDP. "Some of the optimistic geologists we have say that this business could run for up to 100 years", Cameron McRae from Rio Tinto explains. But the company only cedes the Mongolian government a 34% stake, provoking worries about where the benefits of Mongolia's resource wealth will go. There's concerns the government is ill-equipped to strike complex mining deals in the national interest. "The deal is a financial transaction and whether it's really beneficial to Mongolia, I have many doubts about that", argues Dorjdari from the Responsible Mining Initiative. Environmentalists also worry that the mining push has come so fast and so aggressively that proper checks and balances are not in place. "Most tourists come to Mongolia because they want to see that pristine open space blue sky, but what if we couldn't offer it anymore?" ABC Australia – Ref. 5694 Journeyman Pictures is your independent source for the world's most powerful films, exploring the burning issues of today. We represent stories from the world's top producers, with brand new content coming in all the time. On our channel you'll find outstanding and controversial journalism covering any global subject you can imagine wanting to know about.
Views: 32709 Journeyman Pictures
Can Australia lead the world? The mining sector is accounting for a growing percentage of Australia's GDP, and is often seen as the saviour behind Australia's broader economy. But productivity in the sector is declining and has fallen behind many other sectors. Learn more about the role of data and technology in boosting productivity from Head of Innovation at Rio Tinto, John McGagh and Lead Partner for Resources at Ernst & Young, Mike Elliot.
Views: 260 IBM Australia & New Zealand
The east of Australia is in the grip of drought. Parts of the states of New South Wales and Victoria received virtually no rain at all over the Australian winter, and that lack of rain came after more than a year of much-dryer-than-average conditions. Farmers across the country are struggling to grow crops and feed their animals. "The grind of a drought gets to you. You get a 50 kilometre per hour wind blowing in your face all day and there's a bit of dust mixed through it and you've still got to feed your stock and that .... It's just the fact that you're out there every day and things are going backwards not forwards," says sheep and cattle farmer Wayne Dunford. Agriculture contributes three percent to Australia's gross domestic product (GDP). The industry is worth more $40bn a year and directly employs 300,000 people. It also has a unique place in the Australian psyche - and in politics. "This is a way of life that is important to Australia's future. And as a result of that I think that means there's a special responsibility here," says Prime Minister Scott Morrison. "I'll make sure that way of life continues to be preserved." The way colonial settlers tamed a rugged land to produce crops and graze animals is part of Australia's history and has become part of its self-identity. Even though most Australians live in cities, they have a strong affinity with what's known as 'the bush'; and have sympathy for those growing their food there. Linda Botterill is a political scientist who has worked in the offices of two government ministers for agriculture. She says the political attachment to farming is rooted in Australians' cultural affinity with those who work the land. "Drought makes great television. And in Australia - visually - our droughts are really confronting. So people in the city who don't necessarily understand the economics of agriculture - who have this deep cultural sympathy for farmers - want their governments to act." Australia's national and state governments have just announced an aid package worth almost $2bn for farmers hit by drought. But what used to be an uncontroversial government expenditure is now, for the first time, attracting critical eyes. Disapproving economists say that aid packages unlike any in other industries distort the agriculture industry. They also claim subsidies keep uneconomic farms alive artificially and discourage necessary prudence and innovation. "If you want to be in agriculture then you've got to take the good and the bad times," says Melbourne-based economist John Freebairn. "I feel sympathy for them. But ... farmers voluntarily choose farming .... From the perspective of individual farmers and of the nation, we would want them to be involved in farming if on average the money they make during the good times will carry them through the bad times. If the farmer can't do that and the country can't do that, then we're better off shifting those people to some other activity," he says. "Why subsidise farming but not tourism or manufacturing or restaurants? ... You're really taking resources away from one side of the economy ... to subsidise the agricultural sector. Why would you want a bigger agricultural sector and a smaller services and manufacturing sector?" As eastern Australia is in the grip of drought, what is the best solution for the country and its farmers? Talk to Al Jazeera travelled to inland New South Wales to talk to farmers about how bad this drought has been and to those who are now questioning financial help for farmers. - Subscribe to our channel: http://aje.io/AJSubscribe - Follow us on Twitter: https://twitter.com/AJEnglish - Find us on Facebook: https://www.facebook.com/aljazeera - Check our website: https://www.aljazeera.com/
Views: 5868 Al Jazeera English
Language: Hindi, Topics Covered: 1. Russia: Brief geographical facts 2. Seas around Russia, important ports of Russia. 3. Crimean peninsula 4. Physical geo of Russia: Urals, Western Siberian plain, Central Siberian plateau 5. Important rivers and lakes of Russia: Don river, River Volga, Ob-Irtysh river, Yenisei river, Lena river 6. Climate of Russia 7. Agriculture in Russia 8. Mineral resources of Russia: Minerals in Urals and Siberia, Coal, Iron ore, Nickel. 9. Energy resources of Russia: petroleum and natural gas. 10. Industrial regions of Russia: Moscow, St. Petersburg, Volga region, Urals, Kuzbas region, Baykal region 11. Trans-Siberian railway and its route. Powerpoint available at http://Mrunal.org/download Exam-Utility: UPSC CSAT, Prelims, Mains, CDS, CAPF Faculty Name: Ms. Rajtanil Solanki Venue: Sardar Patel Institute of Public Administration (SPIPA), Satellite, Ahmedabad, Gujarat,India
Views: 107297 Mrunal Patel
The future of mining, where is it going? Join our four prominent alumni as they lead this conversation and share their expertise on innovation, safety, policy and leadership within the industry. Speakers: - Mr Neil Warburton (Master of Ceremonies), Executive Chairman at White Rivers Exploration - Mr Greg Lilleyman, Director of Operations at Fortescue Metals Group - Dr Vanessa Guthrie, Chairman of the Minerals Council of Australia - Mr Steve Durkin, Managing Director at Safescape Chapter Markers: This Alumni Innovator Series: Innovation, Safety and the Future of Mining was held on Wednesday 31 May 2017 at our Bentley Campus. This video has been closed captioned.
Views: 1725 Curtin University
Anthony Viljoen, AfriTin's CEO, sat down with Laura Cornish, Editor of Mining Review Africa, to talk about what AfriTin have planned in 2019 and gives insight into the operating environment in Namibia and South Africa.
Views: 324 Mining Review Africa
Contact Us For Help: http://wwa.stonecrushersolution.org/solutions/solutions.html Tanzania's Mining Sector Contributed Around 2.3% To Annual Tanzania Mining Report Q3 2009 (From Business Monitor International) As this report went to press, there was still uncertainty surrounding Tanzania’s proposed new Tanzania, Australia, Africa Mining Industry Group ASX: RSG www.rml.com.au Resolute is an unhedged gold producer with three operating mines in Africa and Australia, including the Golden Pride mine in Tanzania and Tanzania Mining Report Q3 2014, Market Research Reports $1,295.00, Tanzania's mining industry will experience stagnation over our forecast period to 2018. This will largely be a result of minimal gold production growth. Cursed’ Communities? Corporate Social Responsibility (CSR ‘Cursed’ Communities? Corporate Social Responsibility (CSR), Company Towns and the Mining Industry in Namibia ARM Cement Limited, ARM Africa, RCF, Rhino Cement Foundation ARM CEMENT LTD. (formerly Athi River Mining Ltd.), Headquartered in Nairobi, Kenya, is a leading mineral extraction and processing company in Africa. It entered into Tanzania Industry Sectors, Economy Watch Tanzania’s industry sectors are among the smallest in Africa, accounting for only 22.7% of the GDP. Tanzania was badly hit during the 2002, 03 drought, ridden years sand making machinery tanzania, Stone Crushing Machine Suppliers sand making machinery tanzania; equipment used in gold mining in tanzania, process crusher, Tanzania Gold Ore Mining Equipment,Stone Crusher For Sale. . building Corporate Social Responsibility in the Mining Industries by Based on empirical research this book provides a broad examination of environmental and social concerns in relation to the global mining industry. To facilitate structure of mining industry in tanzania Economy of Tanzania Wikipedia, the free encyclopedia . Industry and construction is a major and growing component of the Tanzanian economy, contributing 22.2 Tanzania Mining Industry: Revenues, Resentment and Socioeconomic Jurisdiction For this reason, simply raising taxes on mining companies will do little to improve the situation in Tanzania. Although it has not made Structure Of Mining Industry In Tanzania Tanzania Mining Industry News, Mining Industry Today. Get Breaking Tanzania Mining Industry News by Email. It's free. Submit. We value your privacy and do not rent Tanzania Minerals Corp., Home Page, Sun Sep 6, 2015 August 04, 2015 Transaction Between Tanzania Minerals Corp. & Twigg Gold Ltd. Terminated. Stock Info. TSX, V:TZM $0.01 Shares Traded:90000 view detail stone crushing industry tanzania project in Dar es Salaam, the United Republic of Tanzania. The project .. Women's role in the industry was found to be mainly in stone crushing. Mining Jobs, Careers in the Mining Industry Search thousands of Mining jobs in South Africa. We cover all mining jobs and mining careers in South Africa and globally. We also provide full recruiter services to Tanzania, Structural Adjustment and Labor Tanzania: Policy Matrix, 1998/99, 2000/01 Rationalize civil service employment based on needs for quality, service delivery, efficiency reviews, and wage bill targets Research and Markets: Analyzing the Mining Industry in Africa Research and Markets: Analyzing the Mining Industry in Africa 2014, Featuring Analysis of 50+ Major Players Findings on the Worst Forms of Child Labor, Tanzania Moderate Advancement. In 2013, the United Republic of Tanzania made a moderate advancement in efforts to eliminate the worst forms of child labor. Tanzania Minerals Corp., Investors, Sat Sep 5, 2015 Why Tanzania; Projects. Mrangi; Other Projects; Investors. Stock Info; News Releases; Corporate Governance; Financial Reports; Contact. Contact; Request More Info stone crushing industry tanzania Stone Crushing Industry Tanzania. jaw crusher cement industry Tanzania,jaw crusher cost . Zenith Reliable Mining Equipment Seller. As a professional manufacturer of Small, scale mining (SSM), GEUS Small, scale mining (SSM) is an activity that is increasingly gaining momentum in many parts of the World. International Labour Organisation estimate that 100 million Africapay.org/Tanzania, Tanzania, Minimum Wage in Tanzania Date of next revision in minimum wage rates is not announced by the Government. However, the current wages are expected to last for next three years (till 2016). tanzania plant machinery, Stone Crushing Machine Suppliers tanzania plant machinery; Farm Plant Farming Equipment in Dar Es Salaam, Tanzania . Farm Plant Farming Equipment in Dar Es Salaam, Tanzania. Farm Plant is a leading Mining, Gold Industry Information, Wor
Views: 46 Psp Kdo
Five charts that show why Australia is facing financial MELTDOWN UNEMPLOYMENT in Australia is rising and economic growth is slowing with experts fearing the country is about to go through a significant downturn. Resource-rich Australia has benefited hugely from the exponential growth in China's economy in recent years, by supplying the raw materials that has powered the Asian boom. In line with the rise in supplying China, Australia switched from an economy making its own goods to one that digs materials out of the ground. Mining as a percentage of Australian GDP has jumped to 8.6 per cent, while manufacturing has steadily dropped. But now the colossal Chinese economy is slowing down and, as Australia's top export destination, the abating is expected to have a big impact.
Views: 1166 Real Thing TV
China's Economy surprised in first quarter, marks 6.4% growth in GDP. Subscribe to TIME ►► http://po.st/SubscribeTIME Get closer to the world of entertainment and celebrity news as TIME gives you access and insight on the people who make what you watch, read and share. https://www.youtube.com/playlist?list=PL2EFFA5DB900C633F Money helps you learn how to spend and invest your money. Find advice and guidance you can count on from how to negotiate, how to save and everything in between. https://www.youtube.com/playlist?list=PLYOGLpQQfhNKdqS_Wccs94rMHiajrRr4W Find out more about the latest developments in science and technology as TIME’s access brings you to the ideas and people changing our world. https://www.youtube.com/playlist?list=PLYOGLpQQfhNIzsgcwqhT6ctKOfHfyuaL3 Let TIME show you everything you need to know about drones, autonomous cars, smart devices and the latest inventions which are shaping industries and our way of living https://www.youtube.com/playlist?list=PL2862F811BE8F5623 Stay up to date on breaking news from around the world through TIME’s trusted reporting, insight and access https://www.youtube.com/playlist?list=PLYOGLpQQfhNJeIsW3A2d5Bs22Wc3PHma6 CONNECT WITH TIME Web: http://time.com/ Twitter: https://twitter.com/TIME Facebook: https://www.facebook.com/time Google+: https://plus.google.com/+TIME/videos Instagram: https://www.instagram.com/time/?hl=en Magazine: http://time.com/magazine/ Newsletter: time.com/newsletter ABOUT TIME TIME brings unparalleled insight, access and authority to the news. A 24/7 news publication with nearly a century of experience, TIME’s coverage shapes how we understand our world. Subscribe for daily news, interviews, science, technology, politics, health, entertainment, and business updates, as well as exclusive videos from TIME’s Person of the Year, TIME 100 and more created by TIME’s acclaimed writers, producers and editors. China's Economy Surprised In First Quarter, Marks 6.4% Growth In GDP | TIME https://www.youtube.com/user/TimeMagazine
Views: 1513 TIME
Vanessa Kortekaas has Wednesday’s top stories from around the world, including a sterling flash crash investigation focusing on a Citi trader, Australian GDP contracts and an exiled opposition leader vowing to return to Democratic Republic of Congo ► Subscribe to FT.com here: http://on.ft.com/2eZZoLI ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs For more video content from the Financial Times, visit http://www.FT.com/video Twitter https://twitter.com/ftvideo Facebook https://www.facebook.com/financialtimes
Views: 704 Financial Times
Yesterday, traders resumed long positions on the US dollar. The greenback aroused bulls’ interest in light of the upbeat report on the US manufacturing sector survey. Amid the increasing demand for the US dollar, commodity currencies were showing strong resilience supported by the bullish sentiment in commodity markets. So, the Australian dollar nearly approached the resistance level at 0.7690, though it failed to break it out and strengthen the bullish trend. Demand for the aussie fell sharply after the Reserve Bank of Australia announced its monetary policy decisions. At the monthly meeting, Australia’s central bank decided to leave the cash rate unchanged at a record low of 1.50% as widely expected. The market was alert to the statement following the October monetary policy meeting as it was the first meeting chaired by Phillipe Lowe, the new governor. The statement revealed more positive message than previously. The board noted good adaptability of Australia’s economy to changing conditions. Steady GDP growth was not hampered by a long slump in mining investment as the mining industry is the key economic sector. Australia's biggest-ever boom in apartment-building has helped support economic activity. Building permits surged 10.1% in August in annual terms, the strongest print for the recent 10 months. Nevertheless, obvious risks to the economic stability remain the same, in particular low inflation and the overvalued national currency. https://www.instaforex.com
Views: 148 InstaForex
Some call it the miracle economy. Once again Australia has managed to prove forecasters and sceptics wrong. Construction for the mining boom has helped the economy grow in the first quarter of the year at a rate nearly twice as strong as most had suspected. ABC News, Queensland 06 June 2012
Views: 1065 Jason Active
WOW. Australia’s economic growth has surprised everyone by being really terrible. In fact, calling it growth is wrong. The economy shrank. And it shrank by 0.5 per cent, which is a lot. Labor says the government needs to stop shifting the blame after a 0.5 per cent decline in economic growth WOW. Australia’s economic growth has surprised everyone by being really terrible. In fact, calling it growth is wrong. The economy shrank. And it shrank by 0.5 per cent, which is a lot. #422
Views: 111 Australian Finance News
Global demand for lithium batteries is booming. What are the economic opportunities for WA and what is our role in the global battery value chain? Learn more at lithium.cciwa.com
Mr Baldwin believes that India should look at Western Australia’s mining sector model. In this video, he sheds light on the latest innovation related to automation, developed by the mining industry in Western Australia.
Views: 6 Indian Infrastructure
African Mining Indaba is taking place this week in Cape Town. Mineral Resources minister Gwede Mantashe officially opened the three day affair. Labour and Mining Analyst, Mamokgethi Molopyane joins CNBC Africa to talk about the mining sector’s outlook in Africa.
Views: 198 CNBCAfrica
The coal boom is very good news for the coal industry but really bad news for the manufacturing sector, tourism and agriculture. While it's been billed as the financial saviour of the nation, Dr Denniss reminds us that the "economy" is something that needs to work for over 22 million Australians and over a million businesses. So which bits of the economy is the coal boom good for? Eighty-three per cent of coal industry is foreign owned, so the profits from this boom are headed overseas. There are deals being done to ensure foreign workers get employed in mining in Western Australia and Queensland. Locally, workers that are flown in and flown out of mining towns get such big wages that local businesses, manufacturing industries, and community building services such as teaching, nursing and policing can't compete, and are struggling to find workers. Dr Denniss reminds us of the most basic principle in all good economies; don't put all your eggs in one basket "Last year 63 per cent of all investment went into the mining industry. But the mining industry only employs two per cent of our workforce. So we're putting our whole future faith in the fact that this mining boom is going to continue, so we've put all our eggs in one basket." "Booms end," says Denniss. "That's why it's risky to hollow out our manufacturing industry, hollow out our communities, and literally bet the country on the mining boom going forever. History tells us that booms are fun on the way up but no fun on the way down."
Views: 94 TheAusInstitute
CEO of the Minerals Council of Australia (MCA) Tania Constable talks about supporting mining with principles in Australia and how the MCA is improving the environmental and social performance of its members
Views: 129 ICMMvideos
INDONESIA THE LARGEST ECONOMY IN SOUTHEAST ASIA - G20 MEMBER With a population of over 242.3 million, Indonesia is the fourth most populous country in the world and represents a sizable consumer market. In 2012, Indonesia had a gross domestic product (GDP) of $894.9 billion, making it the 16th largest economy in the world. (International Monetary Fund) The Indonesian government plays a significant role in Indonesia's market economy in which it owns over 160 enterprises and sets prices for several goods such as electricity, rice and fuel. Indonesia has the largest economy in Southeast Asia and is a member of both the G20 and APEC (Asia-Pacific Economic Cooperation). According to the IMF, Indonesia is the third fastest growing economy in the G20 after India and China. The country's main economic industries include petroleum and natural gas, apparel, textiles, apparel, mining, tourism and rubber. Indonesia has endured the recent global financial crisis through its reliance on domestic consumption to drive continual economic growth. In addition, investment from both foreign and domestic sources has supported the Indonesian economy. Due to its recent economic growth and sound fiscal policies, Indonesia's debt to GDP ratio has steadily declined. Trade was been expanding swiftly between the United States and Indonesia in the last several years. Since 2005, U.S. exports to Indonesia have more than doubled from $3.1 million to $8 million in 2012. The main export categories are transportation equipment, agricultural products, chemicals, and machinery. Indonesia is actively involved with Asia-Pacific Economic Cooperation (APEC). APEC was formed in 1989. It serves as a multilateral forum in which Asian and Pacific economies can solve economic problems and cooperate in developing key economic sectors. Collectively, the 21 economies of APEC, which touch the Pacific Ocean, represent a large consumer market— nearly half the world's population, nearly half of all world trade and more than $31 trillion in economic output. The APEC economies are: Australia, Brunei Darussalam, Canada, Chile, People's Republic of China, Hong Kong, Indonesia, Japan, Republic of Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Republic of the Philippines, Russia, Singapore, Chinese Taipei, Thailand, United States and Vietnam. Association of SouthEast Asian Nations (ASEAN) On October 7, 2003, 10 Southeast Asian nations signed an agreement to become an economic union by 2020. The agreement sets deadlines for lowering travel restrictions and tariffs in the region of 500 million people. Trade in this ASEAN Economic Community totals more than $720 billion a year. ASEAN includes Thailand, the Philippines, Indonesia, Cambodia, Malaysia, Singapore, Laos, Vietnam, Brunei and Myanmar. Indonesia will host the 25th Annual APEC meetings in 2013
Views: 51654 VideoTube
Economists say the Australian mining boom has masked a deterioration in wage growth that threatens Australia's economy. Source: http://www.abc.net.au/news/2015-08-13/mining-boom-masks-deterioration-in-wage-growth-economists-say/6696156
Views: 38 John Burns
Today, the US dollar has advanced notably against the Chinese yuan. The dollar/yuan pair is trading at the fresh intraday highs. In the early session, the dollar/yuan pair was trading flat for a while. Then, it headed upward and reached the level of 6.5915. China’s currency was affected by the manufacturing PMI in the latest Caixin survey. The actual figure fell short of expectations. According to the Caixin survey, business activity in the manufacturing sector has been gauged below the median 50 points for 15 months in a row that indicates contraction. So the manufacturing PMI slipped to 49.2 in May from 49.4 in April. Caixin analysts think the indicator has been falling due to lower demand for services and shrinking investments. Unlike Caixin survey tracking small and medium-sized companies, the official gauge focuses on large and state-owned enterprises. The official report from China’s National Bureau of Statistics revealed the index has hit the key level of 50 for the third straight month. The official manufacturing PMI came in at 50.1 in May, unchanged from April. The index is a tick higher than the 50 median reading. These reports revived doubts over the steady recovery in China’s industry. Such uncertain prospects have put pressure on the Chinese currency. Experts warned investors that business activity in the manufacturing sector is set to decline in the near future as export orders have fallen for the second straight month. Besides, it is important to take into account the country which directly depends on China’s economy. Today, Australia released the GDP data for the first quarter. Australia’s Bureau of Statistics reported that GDP rose by 1.1% in the first quarter surpassing expectations of 0.8% growth. Annual growth stepped up to 3.1%. Experts note that the economic growth was mainly driven by the mining sector which expanded by 6.2%. However, the strong US dollar is trying to depress the Australian rival as the anticipation of the funds rate hike sets the tone for trading. The market absorbed the optimistic message in the latest speech of US Fed Chair Janet Yellen. Nowadays, the market is certain that the US central bank is due to tighten monetary policy in the nearest months. This move is likely to increase pressure of the US dollar on the basket of the majors. https://www.instaforex.com
Views: 290 InstaForex
In these hightlights from the Switzer Report, broadcast on Sky Business on 18 April, Roger gives his views on the situation for Australian mining share prices in light of pressure coming from China as their economy slows down and their foreign exchange reserves decline. Visit http://www.rogermontgomery.com/ for Roger Montgomery's step-by-step Value.able guide to valuing the best stocks and buying them for less than they're worth, and to comment on this video. For more information on Montgomery Investment Management's two investment funds, visit http://www.montinvest.com.
Views: 464 Roger Montgomery
EVEN IF I’M ONLY HALF RIGHT about what’s coming…not only could you be better prepared to deal with it, there’s also a good chance you could make a lot of money over the next few years. In this video you’ll learn what to look for as the economy starts to tumble… why there’s no rescue coming for Australia this time… and details of a plan to diversify your risk out of the toxic financial system … ‘SELL AUSTRALIA – Why a new and devastating market crash looks closer than ever’ GO HERE NOW to see the report. http://bit.ly/2GG4ozK =====Follow The Daily Reckoning Australia On===== Facebook: https://www.facebook.com/DailyReckoningAU/ Twitter: https://twitter.com/draus Youtube: https://www.youtube.com/channel/UCCRMk19vbNVKPHE37WPGJmQ Visit our website - https://www.dailyreckoning.com.au/ Subscribe now - https://www.dailyreckoning.com.au/subscribe All content is © 2019 Agora Financial Australia Pty Ltd All Rights Reserved. Financial Services Guide Please keep this guide for future reference. A copy is available from us on request or can be downloaded from our website at www.agorafinancial.com.au/financial-services-guide. If you do not understand anything in it, or require more information, please feel free to contact us IMPORTANT: We provide general financial product advice only. The advice published by Agora Financial Australia has been prepared without taking into account your objectives, financial situations or needs. Before acting on our recommendations, you should consider their appropriateness to your specific investment objectives, financial situation and needs. If you are uncertain as to what your objectives and needs are, you should contact a financial adviser or stockbroker who is licensed to provide you with personal financial product advice.
Views: 5980 The Daily Reckoning Australia
Master Builders was established in South Australia in 1884 and is the longest serving employer association in the Building and Construction Industry in South Australia. The Association represents approximately 2,500 members comprising commercial contractors, civil contractors, residential builders and all forms of specialist and trade subcontractors as well as manufacturers and suppliers. Master Builders is an apolitical organisation dedicated to advancing the interests of the building and construction industry. Support of these 5 Policy Pillars would enable the building and construction industry to focus on what it does best -- building the homes, hospitals, schools, offices, ports, shopping centres and other infrastructure that make South Australian communities more liveable. The Association is by nature pro business, pro building a strong economy and pro creating and sustaining employment growth. 5 Policy Pillars of for the 2014 State Elections Economic Management Infrastructure Cutting Red & Green Tape Supporting South Australian Business Housing Affordability
Views: 525 Master Builders SA
Stats NZ manager for quarterly GDP talks about gross domestic product for the September 2018 quarter. Transcript: The New Zealand economy grew by 0.3 percent in the September 2018 quarter, following growth of 1 percent in the previous quarter. Annual growth was 3.0 percent. The quarterly growth rate is the lowest since the last quarter of 2013, while annual growth is the lowest since mid-2014. Primary industries, which include agriculture, forestry, and mining, were up 2.2 percent. Goods-producing industries fell 1 percent, with manufacturing the main contributor. Construction activity also fell as repair work on roads damaged by the Kaikōura earthquake wound down. Growth in services industries was widespread but moderate at 0.5 percent. We also look at the economy in terms of money spent on goods and services. Household spending rose by 1.0 percent this quarter, driven by spending on services and durable goods. Investment spending fell 0.9 percent, with business investment down 2.1 percent. Investment spending remains at a high level, up 5.3 percent for the year. Taking population growth into account, GDP per capita was flat for the quarter, and up 1 percent for the year.
Views: 124 Stats NZ
This is my ice breaker speech at ToastMasters, on General Skilled Migration(GSM). This is on what's in it for the Immigration Nation to invite around 200,000 migrants every year. The inter-generational report is discussed in here. This is an analysis on how GSM boosts the Australian Economy, GSM's contribution to Australia's GDP, GSM as a remedy to aging population problem in Australia, GSM, Net Overseas Migration (NOM) levels, Permanent Residents (PR) stats, Skilled Visa and Family Visa numbers. Transcript: Narration (Intro): Last 2 years, around 200 K people got PR in Australia. They made Australia colourful, they are still making it colourful, singing dancing and considering it as their second home. They had their reasons to come to Australia and Australia has its reasons too. I had a chance to speak in a local public speaking club on GSM - genera skilled migration and what’s in it for the immigration nation. Speech Transcript: We are one…. We are many and from all the lands on earth we come. We share a dream and sing with one voice… I am , You are , We are Australians. Fellow Toast masters and my dear guests, this is Sujith Billa and today I am going to talk about GSM- General Skilled Migration. General Skilled Migration definitely contributes to the GDP growth in Australia. This is not me saying it but but this is what the Australian Bureau of Statistics says. that . If you look at the numbers from 2014 - 15 from the department of Immigration and Border Protection, 190,000 migrants have come to Australia. Out of them 68% are skilled and 32% are family stream. Can I say that the family stream migrants doesn’t come, sit back and watch TV. They eventually join the workforce.So they too contribute to the GDP. Industry wise, if you have a look at that, The mining boom is going down. According to the intergenerational report, in 2050, we are looking at the manufacturing sector and we are looking at other sectors including the IT sector. These migrants contribute, eventually to different sectors as well. If we talk about different visa types, we have got the student visa, we have got the skilled independent visas, we have got the most talked about Visa, the 457 visa , which was an election issue, last elections. These visas contribute to the GDP as well. Starting from TimTams, migrations buy, ….the list goes on up to houses. They make residential investments and then boost the Australian Economy. The problem in Australia today is the ageing population. Again, according to the intergenerational report, there are 3 P’s. one of the P’s is population. This is endorsed by the Australian Parliament and Australian government in Canberra. the foreword is written by the Treasurer. they say that the ageing population in 2050 would be worse and if you compare the migration stats with the ageing population, the more number of migrations we have means the more number of people we have in the workforce. Narration(Conclusion:) We not boost the Australian economy but also provide entertainment as well. Look at this..SITA Garden. the mini India.event 1 in the white night Melbourne 2015. This is GSM- Global Skilled Migration.
Views: 1662 Sujith Talks
Language: Hindi, Topics Covered: 1. Physical geography of Australia: mountains, plateaus, deserts, great artesian basin, Murray-Darling Basin 2. Climatic regions of Australia 3. Economy of Australia: agriculture, animal husbandry, sheep rearing and dairying of Australia 4. Iron, Coal, Gold, Copper, Bauxite, Diamond, Uranium and mineral resources of Australia and its importance for India. 5. Settlement pattern in Australia 6. Industrial centres of Australia Powerpoint available at http://Mrunal.org/download Exam-Utility: UPSC CSAT, Prelims, Mains, CDS, CAPF Faculty Name: Ms. Rajtanil Solanki Venue: Sardar Patel Institute of Public Administration (SPIPA), Satellite, Ahmedabad, Gujarat,India
Views: 104187 Mrunal Patel
Top 10 Richest Countries In The World You Might Not Know. This is top 10 countdown of the richest countries of the world per GDP of their average income. There are different factors leading to wealth of a state. One can be from the natural factor like a country that has oil reserve. Another can be the result from service or manufacturing industry. Sometimes, financial factor is also a source to economic development. The so-called rich or poor countries are used politically in the separation of North-South division. Of course, it’s true that many rich countries are from the Northern part of the world, and many poor countries are located in the Southern part like those in Asia and Africa. Today, rich countries deserve to be studied and observed. Find below the top 10 richest countries in the world. 10. AUSTRIA Austria has a population of 8.5 million with GDP per capita income of $42,409. Although this country experienced economic decline, it is still richer than other European countries. Income tax rate of a person is 50 percent while corporate tax is lower. Austria has abundant national resources which are input to economic development. Therefore, it is the tenth richest country that provides good standard of living to the people. Of course, in developed country like Austria, you will not be surprised to know that corruption does not often happen and institutional frameworks are strong. 9. AUSTRALIA Australia has a population of 22 million with GDP per capita income of $42,640. It is a rich country because the economy focuses on mining and agriculture for exportation. Moreover, this country also has competitive technology, and an economy from service and value added production. Individual tax rate is 45 percent while corporate tax rate is 30 percent. Its famous development depends largely on national efforts from the investment of education, good health, and economic freedom. 8. NETHERLANDS Netherlands is another rich European country which has a population of only 16.8 million with GDP per capita income of $42,194. Traditionally, is economy development depends on international commerce and largest ports as the main transportation in the world. Moreover, liberal economic policy is the main focus for attracting business kick-start with less economic barriers. Like Australia, this country also exports agricultural, mining, and manufacturing goods for economic growth. 7. SWITZERLAND Switzerland is a very peaceful country. Furthermore, this land is settled by a population of only 8 million with GDP per capita income of $45,418. Because Switzerland adopts liberal democracy, there is less barriers or restrictions on investment from both local and foreign businessman. Another important thing is that Switzerland adopts a good system for financial sector to support investment activities. Therefore, banking is a priority policy because the government also extracts some revenue from it. Other sources of government revenue are from metals, chemicals, electronics, and pharmaceuticals. 6. UNITED ARAB EMIRATES United Arab Emirates is a country situated in the Middle East. This country is an oil country which has a population of 5.5 million with GDP per capita income of $49,012. Oil is the main source to government revenue and standard of living for local people. Only about 20% of the GDP are earned from other factors. Noticeably, unemployment rate in the country is only 2.4 percent where annual economic growth is only 3.9 percent. It is very unique country that has no imposition on income tax and corporate tax at all. Because it’s a very rich country, if you go to Dhabi, you will see stunning architecture. For other countries, watch the whole video till the end.
Views: 787 Top 10 Lists
Five charts that show why Australia is facing financial MELTDOWN UNEMPLOYMENT in Australia is rising and economic growth is slowing with experts fearing the country is about to go through a significant downturn. Resource-rich Australia has benefited hugely from the exponential growth in China's economy in recent years, by supplying the raw materials that has powered the Asian boom. In line with the rise in supplying China, Australia switched from an economy making its own goods to one that digs materials out of the ground. Mining as a percentage of Australian GDP has jumped to 8.6 per cent, while manufacturing has steadily dropped. But now the colossal Chinese economy is slowing down and, as Australia's top export destination, the abating is expected to have a big impact. http://www.express.co.uk/finance/city/596839/Charts-that-show-Australian-economy-is-in-financial-trouble
Views: 65 Megiston
Mark Cutifani, CEO of AngloGold Ashanti, discusses the challenges and opportunities facing the gold producer as well as the mining industry.
Views: 96 ICOSA MEDIA