Home
Search results “Mining australia gdp by industry”
Mining boom delivers surprise GDP boost
 
02:40
Economists and the Federal Opposition are reeling after the release of statistics showing a 4.3 per cent annual growth rate on the back of miraculous mining figures.
Australia's economy needs big investment in innovation, experts say
 
04:41
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: 11695 ABC News (Australia)
Business Spectator Video Case Study: Mining and the myth of productivity
 
04:05
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.
Gold mining industry
 
05:07
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
Australia's economic boom is bust for some
 
02:29
Australia's economy - the "wonder from Down Under" - continues to perform well despite a predicted China slowdown. But not all Aussies are reaping the benefits of the resource-rich country's success. Duration: 02:28
Views: 1892 AFP news agency
Unlocking The Mining Sector
 
13:56
A Presentation on Mining In Zambia, a Product of Diamondale Foundation Only the best is good enough.
Views: 599 Mathews Mutale
How Mining Made Australia
 
55:30
How Mining Made Australia
Views: 72 DO IT Yourself
China's demand spurs Australian mining boom - 9 Jan 09
 
08:15
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: 8857 Al Jazeera English
How will the third phase of the mining boom affect the Australian dollar?
 
05:45
Our Weekly updates with Sky News Business Australia - a review of key issues, opportunities and actions for Australian business importing, exporting or trading with Asia.
Views: 152 ANZ Australia
Shake-Up In Mining Industry - Bloomberg
 
01:55
Mining industry continues to shake-up. Two companies battle for the acquisition of Anglo American. (Bloomberg News)
Views: 122 Bloomberg
General Skilled Migration(GSM) - Australia
 
03:47
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: 1655 Sujith Talks
5g - The economics of the Australian mining boom
 
06:53
We use our economic analysis to make predictions about Australia's mining boom (from 2004 - 2014). We then compare the predictions from simple theory with what actually happened.
Views: 2743 stephen king
Economy Of Australia
 
45:49
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: 220 FrogCast
Mining boom pushes economy along
 
02:20
A new report predicts Western Australia's resources sector will continue to flourish and fuel the nation's economic growth.
Economic Status Analysis 2018 (Australia)
 
10:55
Voter Rights Party (Australia) voterightsparty.com https://www.facebook.com/groups/1437021733231319/ 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 at 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 government 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 such as 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, it 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 census night in 2016, representing 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: 969 Teresa van Lieshout
Mongolia's Mining Boom (2012)
 
26:33
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: 30606 Journeyman Pictures
Explained: Australia's current economic position
 
02:24
There are differing assessments of how good or bad Australia's fiscal position is - depending on who you ask. ABC News' Jeremy Fernandez investigates. Read more: http://ab.co/1md1a4F http://abc.net.au/news http://twitter.com/abcnews http://youtube.com/newsonabc http://facebook.com/abcnews.au http://instagram.com/abcnews_au
Views: 38536 ABC News (Australia)
Australia is facing financial MELTDOWN
 
05:25
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: 1162 Real Thing TV
Innovation, Safety and the Future of Mining | Curtin University Lecture
 
01:03:04
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: 1608 Curtin University
Australian mining boom masked slide in annual wage growth, economists say
 
05:42
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
Mining boom hiding a soft economy
 
04:24
http://www.facebook.com/KeepCalmAbbottisnotPM
Views: 53 liberalcynic
Coal industry suffers because of floods
 
02:11
The inundation of around a dozen mines has cost the Queensland coal industry $1 billion according to the resources council.
Views: 1034 ABC News (Australia)
Lithium Australia adding to its circular economy with new anode material program
 
06:03
Adrian Griffin, managing director of Lithium Australia NL (ASX:LIT), speaks to Proactive Investors ahead of presenting at the Technology and Low Emission Minerals Conference in Perth, Western Australia. Griffin updates on the integrated lithium company's operations, in the context of market movements and opportunities. Lithium Australia announced today that it is embarking on a program to produce advanced anode materials, to complement the lithium-ion phosphate cathode powder it already produces through its subsidiary VSPC Ltd.
The economic contribution of large-scale gold mining in Peru
 
07:42
Gold mining is a significant creator of employment within Peru -- and indeed globally. Between 2000 and 2010 large scale mining contributed an average 6% to Peru's GDP and an average 14% to Government revenue. Gold's contribution in Peru is explored in some detail in this short film.
Views: 686 World Gold Council
Fastest Growing Countries in the World
 
10:38
From countries with rapidly growing populations to countries gaining wealth quite rapidly, here are 11 fastest growing countries in the world. Subscribe to American Eye! 4. Panama While many Central American countries are beginning to move in the wrong direction, Panama is unique and home to the strategic canal. On one side of Panama is the Pacific Ocean and on the other side is the Caribbean sea. The US was the one who built the Panama Canal back in 1914 but no it’s the Panamanians who wreak the benefits of this modern wonder of engineering, which is certainly one of the reasons they’ve been able to grow. Panama gained full control of the canal thanks to a treaty in 1999. In 2016, The canal has expanded since then order to accommodate much larger ships. This should certainly be an important factor for the future of Panama. GDP has been continually increasing since 2012 however the wealth distribution here hasn’t been all that great with ¼ of the population living under the poverty line. Due to Panama’s tropical climate, they’ve been able to grow numerous crops which can be easily exported thanks to the expansion of their canal. The sky's the limit for panama if they can maintain social order 3. Ethiopia Believe it or not, but the country of Ethiopia has made drastic improvements in the past decade and both their GDP and population is on the rise. Ethiopia is home to one of the fastest growing economies in the world and their GDP growth percentage has been well above the world average. This measured in at first place reaching 8.3 percent in 2016, right above Uzbekistan. China has been willing to invest in Ethiopia’s infrastructure plan but everyone still kind of worried a drought might happen again which will set them back again. Despite the drought that set them back, they’ve been export quite a few products including coffee, sugar and cereals. Other industries appear as though they’ll surpass ethiopia’s agriculture such as leather manufacturing and gold mining. 2. India With an ever growing GDP per capita, India continues to surprise people how fast they are able to grow. It’s now the 2nd largest country by population. Home to one of the earliest civilizations in the Indus Valley, India has been a thriving nation full of resources and many foreign invaders knew this. However, in modern times, it’s taken india quite a while to adjust. Within the past few decades, they’ve become a global force to reckon with. Some major cities such as New Delhi and mumbai have over 20 million residents each. They seem to exponentially be growing in population and their population has risen by 200 million people since 2001. 1. Indonesia With 261 million people, indonesia is becoming a rapidly growing nation both economically and by population. From 1960 to the mid 1990’s the population here has doubled from 100 million to 200 million and they’ve continued to grow since. With naturally beautiful places such as Bali and various volcanoes, indonesia is home to many resources, even one of the biggest gold mines in the world. They now have the largest economy in southeast asia, and many believe they will continue to be a close 2nd to china in terms of economic growth in Asia. They replaced India as the 2nd fast growing G-20 economies.With their focused on a large variety of things such as agriculture, mining, manufacturing, and tourism, they don’t have all their eggs in one basket. Indonesia is a large manufacturer of many cheap goods, but unlike china, many people in the country will be the people who buy them. The rapid growth has taken its toll on the environment like many of these countries. The citarum river near the capital of Jakarta is labeled as one of the most polluted rivers in the world. Although the government appears to rather easily corruptible, it’s shown signs of progressing
Views: 529513 American Eye
Mining boom is over: Montgomery
 
04:01
Roger Montgomery from Montgomery Asset Management looks at the Chinese data and its implications for Australian miners.
State of Play: Australian economic outlook - May 2018
 
03:33
Bruce Cooper provides an update on the economic climate for the first half of 2018 and the key industries providing opportunities for foreign investors. _________________________________________________ You can also find this video on our website https://www.claytonutz.com/knowledge/video/state-of-play-australian-economic-outlook-may-2018 See more videos from Clayton Utz here https://www.claytonutz.com/videohub/ Follow us on Social Media https://www.linkedin.com/company/clayton-utz https://twitter.com/claytonutz Transcript Australia's economic outlook for 2018 remains strong. Our traditional ties to Asia coupled with our relatively low sovereign debt around 20% of GDP means that we are projecting a 5 year economic growth cycle which is better that most of our advanced economy peers. Confidence and conditions generally across the Australian economy are strong, consumer sentiment is high and business confidence indices are the highest they've been for quite some time. That confidence plays out in traditional sectors, the mining sector, finance and services, logistics, construction and the property sector. The only dark cloud on the horizon, and frankly it's not a dark cloud, it's a grey tinged cloud, is the retail sector and frankly that's no different from the challenges in retail is facing globally. As far as inbound capital flows into Australia the last measurable quarter, which was the 2017 quarter, shows that inbound capital is strong at around about $79 billion worth investment. And that's more than 10% of the next best favourable rolling one year period back in 2012, which was widely considered to be the peak of the mining investment boom. The stock of foreign capital in Australia stands at around about $900 billion, higher than 2012. Again that being the peak of the mining investment boom. US and European funds continue to be a mainstay of inbound investment in Australia, given the challenges that they face in investing in riskier Asian jurisdictions. In addition, relaxation in media laws late last year mean there may be media opportunities as well as the more traditional mining and allied infrastructure opportunities. Australia's start up ecosystem is particularly robust and is growing with strong capabilities in the fintech, the agricultural technology, the edtech and the medtech sectors. We continue to see a number of tech IPOs with foreign tech companies favouring Australia for an ability to list earlier on a globally recognised exchange with access to an investor base that is active in smaller mid-cap companies. The governing Liberal Party continues to advocate a cut in the Australian company tax rate of 30%. There will be an election in Australia sometime between August 2018 and May 2019. An Australian election is always at the discretion of the Prime Minister. So there remains some uncertainty as to how the political landscape over the coming year will play out into the economic landscape. The Australian dollar continues to trade at around 76c to the US dollar and there's a sense that that's about where the Australian dollar belongs. So the bottom line, a strong economy, confident economy, business confidence high, increasing foreign investment and a robust and welcoming climate for foreign investors entering Australia.
Views: 303 Clayton Utz
Australia's economy accelerates in Q4
 
01:53
The pace of economic growth in Australia topped the analysts' expectations in the fourth quarter. According to the RBA consumers spent more and saved less for the last three months of the last year. Thus, the growth of consumer spending supported domestic market. Compared with the third quarter, Australia's GDP advanced 0.8%, while it gained 2.8% on year. The experts anticipated the indicator to add 2.5%. The Australian economy shows a more sustainable recovery. From October to December the quarrying sector, rental, hiring, and real estate services contributed equally to the GDP growth. Exports volumes and capital investment of the public sector increased, whereas private investments decreased. The Australian dollar rose on the news 40 points against its U.S. peer to 89.97 U.S. cents. However, the Aussie failed to retain its positions and retreated to the level of 89.55 cents. The local unit added 0.11% since the beginning of the day. Notwithstanding better GDP figures, the pace of economic growth remains below the potential level of 3%. The reason behind it is the slowdown in country's mining due to fewer investments. Nevertheless, the RBA expects stronger GDP growth this year and further weakening of the Australian dollar.
Views: 47 fx teknikal
सोना(Gold) कैसे निकाला जाता है? Process for Discovering, Mining & Refining Gold
 
13:37
धरती के अंदर तेल और गैस के भंडारों का पता कैसे लगाया जाता है? How to find oil and gas? Link : https://www.youtube.com/watch?v=IsgYLbhCUaA #gold #Gold_in_India #Gold_mining Some people cover their cars with Gold, some wear clothes made of gold wire, someone designs Gold their mobile , there are many people in the world who use gold in different way. women of India are also addicted to gold ornaments. people had bought gold to hide their money. But do you know how gold is formed inside the earth? What are the ways to find Gold? How Gold prepared? From which places of India does gold come out? Which countries is the largest gold source? How the gold came inside the earth or how? Humans would never have got the chance to be ashamed of gold. Millions of years ago when the earth was being built. Along with these extraordinary conflicts, billions of tons of molten gold and platinum fell into the center of the Earth and became part of its crude. But today the human race has become so clever that he is in search of everything and is in the process of getting it. So something like this Gold come on earth and today its prices are high. How to find Gold in Under Ground ? So this work happens in the same way as the oil and gas deposits in the ground are detected, in which ground penetration radar (GPR) is used to find out what is in the ground. In fact, it records the physical properties of the soil such as density, magnetic properties, registration, on which the graph is prepared and it is estimated that the core analysis is done under the soil, then the core analysis is done. Drilling it under the ground and removing a little debris and analyzing it. It gives accurate information about what is below. Apart from this, hidden property, metal, i.e. gold, silver, copper etc. are detected through VLF technology. For this the waves are sent within the ground. Once after hitting these waves, the VLF receiver creates an electromagnetic field around that object and produces a sequestration by collision the special metal. This kind of survey is carried out by the team of Archaeological Survey of India (ASI) and Geological Survey of India (GSI). There are 7 different ways to find gold. 1) break the rocks by exploding 2) Milling of stones 3) the process of wetting sand 4) process of cyanide 5) Amalgamation 6) Flotation So by this process, you can guess that finding gold is a very difficult task, this is the reason why gold prices are so high in the market. Gold is very solid and it is very difficult to actually make ornaments. Usually gold is found either in the form of alloy with either pale or silver or alone. It is also found in the form of Calvarites, Sylvainite, Petjite and Cranerite ores. And the gold which is extracted from the mine is in the form of ore, which is absolutely pure gold. Which places of India are extracted gold? Most of the production of gold in India is in the state of Karnataka, where gold is extracted from the mines called Kolar, Hutti and Uti. Apart from this, gold is also extracted from Andhra Pradesh and Jharkhand's Hirabuddin and Kendraakocha mines. If we talk about a mine of Jharkhand, then about 4 grams of gold is extracted from a ton of stone and on average, 7 kg of gold is extracted from a mine here every year. The biggest gold mines in the world. In which Kimberley mine is in Africa, after Grasberg mine which is in Papua, Carlin Nevada mine which is in the US, weladero mine which is in Argentina and the writer's quarry is in Papua New Guinea. 5 countries that produce the most gold or produce gold. 1. China which has been ahead in gold production for many years, China produces 426 tons of gold in about a year. But his government has seen a decline of 6 percent in the past year due to the efforts taken to fight pollution and increase environmental awareness. However, due to the excavation of several mines in existing projects, this year's production is expected to begin. 2. Australia Australia produces 295.1 tons of gold in a year. The mineral industry is more than half of Australia's total exports and generates about 8 percent of GDP. 3. Russia A large part of European gold comes from Russia, which has been increasing its production every year since 2010. Russia produced 17 tons more than last year, And Russia produces 270 tonnes of gold every year. 4. United States America also pulled 8 tonnes more gold this year compared to the previous year. Where the production was supported by Project Ramp-up in the Long Canyon Project in Nevada and the Hail project in South Carolina. And the United States produces 230 tonnes of gold every year. And about 78 percent of the US gold comes from Nevada alone. 5. Canada Fall of a glacier in north British Columbia in Toronto, Sebrija Gold stumbled upon an important golden area and estimated to be estimated at 780 metric tons. Canada produces 175 tons of gold every year.
Australia’s GDP disaster could be the best thing that ever happened to us
 
04:52
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
G10/P3: World Geography- Russia Mining, agriculture, industries
 
24:51
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: 103650 Mrunal Patel
Australia's Surging Economy Due To Mining Boom - Growing Faster Than The Rest Of The World
 
02:34
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
Summary of gross domestic product for the September 2018 quarter
 
01:24
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: 113 Stats NZ
2018 Nigeria Mining Road Show | Melbourne
 
33:53
Organised by the Nigeria High Commission, Canberra, Australia
Queensland, Australia Floods - Baralaba Mine
 
00:31
This is a video of the crazy floods in Queensland at the Baralaba mine. Queensland has been receiving loads of heavy rains over the past year,
Views: 21168 dglass81
Investing in African Mining Indaba
 
03:19
Investors have given government the thumbs up for fast-tracking its mining policy and regulatory framework. The 25th Mining Indaba began in Cape Town this week. Mineral Resources Minister Gwede Mantashe promised to create conditions to bolster the industry's contribution to the country's GDP from 7 to 10% in the near future. For more news, visit: sabcnews.com
Views: 777 SABC Digital News
Bellwether copper mirrors concerns over the global economy
 
10:38
Mining Capital's Alastair Ford shares his encyclopedic knowledge of commodities, the macro economic environment and this week's mining stock highlights with Proactive London's Sarah Lowther. Awkward trade talks between the US and China, how the UK is faring better than Germany in a pre-Brexit universe and the outperformance of the price of gold all come under scrutiny.
G10/P7: World Geography- Australia: Physiography, Rivers, Climate, Resources
 
21:38
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: 100994 Mrunal Patel
Strong Building Strong Economy South Australia
 
02:13
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: 520 Master Builders SA
INDONESIA THE LARGEST ECONOMY IN SOUTHEAST ASIA - G20 MEMBER
 
03:23
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: 50851 VideoTube
Qld floods could boost NSW mining exports
 
01:54
Queensland's flood disaster could benefit NSW's mining industry as buyers turn to other parts of Australia for coal supply.
Effects of coal boom on other sectors- Richard Denniss
 
02:41
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
What are the greatest challenges mining companies face when implementing technology? – Amazon Web
 
04:37
We caught up with Matt Tuohy, Amazon Web Services, Head, Worldwide Business Development, Mining & Resources at the 2018 International Mining and Resources Conference (IMARC). In this video, Matt discusses the appetite for mining companies to adopt technologies and shares some of the challenges they face when transforming their business. Matt also provides insights on how mining companies can uptake digital and get a fast ROI. IMARC returns to the Melbourne Convention & Exhibition Centre from 28 – 31 October 2019. For more information please visit http://imarcmelbourne.com/ About IMARC The International Mining and Resources Conference (IMARC) is where global mining leaders connect with technology, finance and the future. Now in its 6th year, it is Australia’s largest mining event bringing together over 6000 decision makers, mining leaders, policy makers, investors, commodity buyers, technical experts, innovators and educators from over 90 countries to hear from 350 thought leaders and meet 250 exhibitors over four days of learning, deal-making and unparalleled networking.
Investment Propositions in Africa's Mining Sector
 
08:47
(www.abndigital.com) The Destination Africa team caught up with some of the experts being hosted in Johannesburg by the World Bank to get more insight into Africa's mining industry. Obiageli Ezekwisili, the World Bank's Vice President of the Africa region put into perspective the investment propositions Africa's mining sector presents.
Views: 275 CNBCAfrica
The Most Depressing City On Earth
 
03:56
Just gonna do a little damage control here and add that the video is purely opinion. I did very little intense research, and depression is a mental illness not a characteristic of a city. I based my argument on some facts, but I'm sure you can argue that war torn cities like Damascus could be more 'depressing'. Sorry if the video came off as if I was spouting the gospel. If you think you have found a more depressing city, comment. Just do not comment Detroit. Please. Full Script: It was my goal when making this video to decide which city is the most depressing (which in this situation is a synonym for depressing). This is obviously just an opinion, but I did put some research into this and I think that my answer is very reasonable. Before we get into this, let’s take a look at the rules. I decided that a city cannot have fewer than 50,000 people I know that that isnt the official definition, but This takes a lot of remote settlements in places like Greenland out of the mix. I decided to look at what factors cause unhappiness. I found this list, and while some factors have no relation to geography, two do: Inability to sleep or excessive sleeping, and Social isolation. In order for a city to make it hard to sleep, it has to be very far north, or very far south. Cities inside the arctic circle experience the polar night, where the sun simply does not come up for days at a time. This has been known to cause insomnia. In order for a city to cause social isolation, it needs to have a hostile environment. Luckily, most cities in the Arctic Circle check that box. It also has to be isolated from other cities, and inaccessible. There are many scandinavian cities that have hostile environments, but these cities, such as Tromso (traum-suh) are tourist destinations and generally good places to live. They have high standards of living. Next, we have to turn to Russia. Two cities caught my eye immediately: the coal mining town of Vorkuta and remote port Murmansk. However, coal mining has become unprofitable in vorcuteuh, so people are moving out at alarming rates. Plus, just look at this picture and tell me that does not look jolly. And being a port city, Murmansk naturally has contact with new ideas and people. However, there is one city that I have left out. (Papers please theme) Norilsk. The Nickel mining city of 170 something thousand people is so hostile it seems like something out of 1984. No roads lead to Norilsk, and it is one of three large cities in the continuous permafrost zone that means that the land is unfarmable. There is one freight railway that leads to the city, but the only way out is an airport or a port 40 miles away that freezes over in the winter. Norilsk enters continuous darkness for 45 days each year, and when people leave the city, they say that they are going to “the mainland”. the polar night syndrome is common in residents, you can probably figure out why. It is also one of the most polluted cities on earth. Here’s a quick list of facts about norilsk’s pollution: 1 percent of global emissions of sulfur dioxide comes from Norilsk nickel mines . It is so polluted that some people mine the soil for soot because it contains precious minerals. In September 2016, the nearby river turned red. The life expectancy of a worker in Norilsk is 10 years lower. A study done by Boris Revich showed that blood illnesses were 44% higher, nervous system illnesses 38% higher, and bone and muscle system illnesses 28% higher among children in Norilsk WHEN COMPARED TO OTHER CHILDREN IN SIBERA. In any other city, people might protest these terrible, polluted conditions. But in Norilsk, the income for nearly everybody comes from one company: Norilsk Nickel. Any protestors would be fired, because even if you do not work in the mines, Norilsk Nickel also owns nearly all businesses in town. And the Russian Government has no plans to step in, because this company is a cash cow. Norilsk Nickel is 2% of the Russian GDP. In comparison, the entire city of San Francisco is 2% of the US GDP. The city has a depressing past as well: it was built by 500,000 gulag prisoners working under starving conditions throughout the month long days and nights. Of which eighteen thousand died. The most obvious relic of this era can be found all over the city: the stalinist, utilitarian architecture of nearly every building in the city. But hey, they painted the city bright colors so it can’t be that bad right?
Views: 2133381 themcbobgorge
Humans Need Not Apply
 
15:01
Support Grey making videos: https://www.patreon.com/cgpgrey ## Robots, Etc: Terex Port automation: http://www.terex.com/port-solutions/en/products/new-equipment/automated-guided-vehicles/lift-agv/index.htm Command | Cat MieStar System.: http://www.catminestarsystem.com/capability_sets/command Bosch Automotive Technology: http://www.bosch-automotivetechnology.com/en/de/specials/specials_for_more_driving_safety/automated_driving/automated_driving.html Atlas Update: https://www.youtube.com/watch?v=SD6Okylclb8&list=UU7vVhkEfw4nOGp8TyDk7RcQ Kiva Systems: http://www.kivasystems.com PhantomX running Phoenix code: https://www.youtube.com/watch?v=rAeQn5QnyXo iRobot, Do You: https://www.youtube.com/watch?v=da-5Uw8GBks&list=UUB6E-44uKOyRW9hX378XEyg New pharmacy robot at QEHB: https://www.youtube.com/watch?v=_Ql1ZHSkUPk Briggo Coffee Experience: http://vimeo.com/77993254 John Deere Autosteer ITEC Pro 2010. In use while cultivating: https://www.youtube.com/watch?v=VAPfImWdkDw&t=19s The Duel: Timo Boll vs. KUKA Robot: https://www.youtube.com/watch?v=tIIJME8-au8 Baxter with the Power of Intera 3: https://www.youtube.com/watch?v=DKR_pje7X2A&list=UUpSQ-euTEYaq5VtmEWukyiQ Baxter Research Robot SDK 1.0: https://www.youtube.com/watch?v=wgQLzin4I9M&list=UUpSQ-euTEYaq5VtmEWukyiQ&index=11 Baxter the Bartender: https://www.youtube.com/watch?v=AeTs9tLsUmc&list=UUpSQ-euTEYaq5VtmEWukyiQ Online Cash Registers Touch-Screen EPOS System Demonstration: https://www.youtube.com/watch?v=3yA22B0rC4o Self-Service Check in: https://www.youtube.com/watch?v=OafuIBDzxxU Robot to play Flappy Bird: https://www.youtube.com/watch?v=kHkMaWZFePI e-david from University of Konstanz, Germany: https://vimeo.com/68859229 Sedasys: http://www.sedasys.com/ Empty Car Convoy: http://www.youtube.com/watch?v=EPTIXldrq3Q Clever robots for crops: http://www.crops-robots.eu/index.php?option=com_content&view=article&id=62&Itemid=61 Autonomously folding a pile of 5 previously-unseen towels: https://www.youtube.com/watch?v=gy5g33S0Gzo#t=94 LS3 Follow Tight: https://www.youtube.com/watch?v=hNUeSUXOc-w Robotic Handling material: https://www.youtube.com/watch?v=pT3XoqJ7lIY Caterpillar automation project: http://www.catminestarsystem.com/articles/autonomous-haulage-improves-mine-site-safety Universal Robots has reinvented industrial robotics: https://www.youtube.com/watch?v=UQj-1yZFEZI Introducing WildCat: https://www.youtube.com/watch?v=wE3fmFTtP9g The Human Brain Project - Video Overview: https://www.youtube.com/watch?v=JqMpGrM5ECo This Robot Is Changing How We Cure Diseases: https://www.youtube.com/watch?v=ra0e97Wiqds Jeopardy! - Watson Game 2: https://www.youtube.com/watch?v=kDA-7O1q4oo What Will You Do With Watson?: https://www.youtube.com/watch?v=Y_cqBP08yuA ## Other Credits Mandelbrot set: https://www.youtube.com/watch?v=NGMRB4O922I&list=UUoxcjq-8xIDTYp3uz647V5A Moore's law graph: http://en.wikipedia.org/wiki/File:PPTMooresLawai.jpg Apple II 1977: https://www.youtube.com/watch?v=CxJwy8NsXFs Beer Robot Fail m2803: https://www.youtube.com/watch?v=N4Lb_3_NMjE All Wales Ambulance Promotional Video: https://www.youtube.com/watch?v=658aiRoVp6s Clyde Robinson: https://www.flickr.com/photos/crobj/4312159033/in/photostream/ Time lapse Painting - Monster Spa: https://www.youtube.com/watch?v=ED14i8qLxr4
Views: 11125318 CGP Grey
China and Australia on path to recovery?
 
02:53
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: 289 InstaForex
P. Baldwin, Commissioner, Western Australia, at India Infrastructure’s “Mining Technology” Event
 
01:45
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.
The House That Cocaine Built
 
05:22
Cocaine exports account for roughly 2.5% of Colombia's GDP. It is the equivalent of the mining industry's share of the American economy—Exports of the drug are down—but it's still an $8 billion a year business for Colombian traffickers. That's plenty of incentive to keep production going no matter how hard the government cracks down. Over the last decade, America has given billions to the Colombian military to fight the narco traffickers. In some ways it looks like the U.S. is getting bang for its bucks—Colombian authorities destroyed 2,356 labs in 2012, a serious dent in Colombia's cocaine industry. But producers and traffickers of the drug are finding ever more creative ways to keep this lucrative business thriving. It's like a never-ending game of whack-a-mole, just when authorities think they've got the cartels on the run, their methods evolve and adapt. As a British journalist living in the region, our reporter Toby Muse was curious about the current 'state of the art' for Colombia's processors, traffickers and dealers—what are the latest tricks to outsmarting the authorities? He made a few calls and obtained rare, and potentially dangerous access to a processing laboratory. It's not in the jungle as you might expect, but in an urban center of a Colombian city, which we agreed not to name. It turns out that the latest trend in Colombia's cocaine trade is to move processing out of the huge plants found in the jungle to small, mobile and disposable urban labs. In this new, decentralized world of cocaine production, two men with some buckets, a handful of microwave ovens and only the most basic knowledge of chemistry can take naturally growing coco leaves and turn them into 100% pure cocaine powder. And here's the craziest part...they show us how they do it. Subscribe! http://www.youtube.com/subscription_center?add_user=vocativvideo See more on our website: http://www.vocativ.com Follow us on Twitter: https://twitter.com/vocativ Like us on Facebook: https://www.facebook.com/Vocativ
Views: 120616 Vocativ