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Australia's economy needs big investment in innovation, experts say
 
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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: 13154 ABC News (Australia)
Mining boom delivers surprise GDP boost
 
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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.
How Western Australia tasted economic glory, only to come crashing back to Earth | ABC News
 
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WA was Australia’s richest state coming out of the global financial crisis, with a mining boom fuelled by China delivering incredible riches. But all good things must come to an end and when the boom finished, the bust hit hard. 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: 10448 ABC News (Australia)
Economy Of Australia
 
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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: 232 FrogCast
Australians are the Richest People in the World?
 
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Australia’s economy! The land down under where the richest people in the world live. So why of all people, are Australians sitting on such huge piles of money? References 6291.0.55.003 Table 04: Employed persons by Industry – Trend, Seasonally adjusted, Original". Australian Bureau of Statistics. 16 March 2006. Retrieved 18 June 2006 Anthony Shorrocks; Jim Davies; Rodrigo Lluberas (October 2018). "Global Wealth Report". Credit Suisse. 10 Oct 2018 article: Global Wealth Report 2018: US and China in the lead World Economic Outlook Database. International Monetary Fund. April 2018 Household Income and Wealth, Australia, 2013–14". Australian Bureau of Statistics. 1 July 2018 Paris, C., 2017. Housing Australia. Macmillan International Higher Education. Shi, S., Valadkhani, A., Smyth, R. and Vahid, F., 2016. Dating the timeline of house price bubbles in Australian capital cities. Economic Record Nassios, J., Giesecke, J.A., Dixon, P.B. and Rimmer, M.T., 2019. Mandated superannuation contributions and the structure of the financial sector in Australia. Journal of Policy Modeling. Mees, B. and Smith, S.A., 2019. Corporate governance reform in Australia: a new institutional approach. British Journal of Management O'faircheallaigh, C., 2017. Mining and development: foreign-financed mines in Australia, Ireland, Papua New Guinea and Zambia. Routledge. Battellino, R., 2010. Mining booms and the Australian economy. RBA Bulletin, March Music - Babylon - Disco Ultralounge by Kevin MacLeod is licensed under a Creative Commons Attribution licence (https://creativecommons.org/licenses/by/4.0/) Source: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1100314 Artist: http://incompetech.com/
Views: 445 Economics Explained
Why is LUXEMBOURG so RICH? - VisualPolitik EN
 
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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: 587894 VisualPolitik EN
Business Spectator Video Case Study: Mining and the myth of productivity
 
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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.
5g - The economics of the Australian mining boom
 
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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: 2753 stephen king
Gold mining industry
 
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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 is facing financial MELTDOWN
 
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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: 1167 Real Thing TV
Economic Status Analysis 2018 (Australia)
 
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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: 1361 Teresa van Lieshout
Unlocking The Mining Sector
 
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A Presentation on Mining In Zambia, a Product of Diamondale Foundation Only the best is good enough.
Views: 615 Mathews Mutale
China's demand spurs Australian mining boom - 9 Jan 09
 
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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: 8922 Al Jazeera English
Australia's economic boom is bust for some
 
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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: 1921 AFP news agency
The mining sector’s contribution to Botswana’s economy shrinking
 
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Creamer Media's Leandi Kolver speaks to Mining Weekly Editor Martin Creamer about the mining’s contribution to the Botswana economy, as discussed at the thirteenth Botswana Resource Sector conference.
Views: 66 MiningWeekly
Mongolia's Mining Boom (2012)
 
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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: 34044 Journeyman Pictures
China and Australia on path to recovery?
 
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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
Some 150 companies taking part in ‘Mongolia Mining 2019’
 
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Under a theme ‘Responsible Mining – Sustainable development’, the ‘Mongolia Mining 2019’ expo kicked off on April 10 at the Buyant Ukhaa Sports Palace. The expo aims to introduce world technologies, especially mining technologies into Mongolia’s market Deputy Minister of Mining and Heavy Industry D.Zagdjav “Mongolia develops market economy. In the past two decades, the country received foreign investments totaling approximately USD 20 billion, of which USD 14 billion in the mining sector. In the future, we will encourage mining investments and augment production.” This year, indoor area of the expo site is extended, increasing the number of participants by 40. CEO of Minex Mongolia Co., Ltd, the general organizer of the expo T.Battulga “The expo is being held under the theme ‘Responsible Mining – Sustainable Development’. Under this theme, a workshop will be organized for the local and foreign representatives. Around 30-40 percent of the participants are newly established companies and the forum becomes the starting point for their businesses. I would like to note that many companies establish business partnership during the forum.” About 150 companies from over 20 countries including Australia, Czech Republic, Canada, USA, Germany, Russia, India, China, Sweden, Turkey and South Korea are taking part in the event. Engineer of SLS Bearings Mongolia LLC B.Gantulga “SLS Bearings Mongolia supplies mechanical parts. We have been participating in the expo since its very first edition. Our goal is to provide the customers with products of world-leading brands." Trade representative of Transwest Mongolia LLC B.Myagmarjav “Our company participates in the expo every year and has been working its general organizer since 2017. This year, we are showcasing PC1250 excavator.” The expo will run until April 12.
P. Baldwin, Commissioner, Western Australia, at India Infrastructure’s “Mining Technology” Event
 
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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.
Coal industry suffers because of floods
 
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The inundation of around a dozen mines has cost the Queensland coal industry $1 billion according to the resources council.
Views: 1035 ABC News (Australia)
The Chinese economy vs Australian mining share prices
 
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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: 465 Roger Montgomery
Top 10 Country GDP Ranking History (1960-2017)
 
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This video shows the Top 10 countries with highest GDP from 1960 to 2017. This country GDP ranking includes countries such as, United States, China, Japan, Germany, United Kingdom, etc. Gross Domestic Product (GDP) is a monetary measure of the market value of all the final goods and services produced in a period of time, often annually or quarterly. Nominal GDP estimates are commonly used to determine the economic performance of a whole country or region, and to make international comparisons. Twitter: https://twitter.com/wawamustats Facebook: https://fb.me/wawamustats Data Taken from: https://www.worldbank.org Future Top 10 Country GDP Ranking (Part 2): https://youtu.be/T9l2yCH5wBk Subscribe here: https://www.youtube.com/wawamustats?sub_confirmation=1
Views: 894290 WawamuStats
The Collapse of Coal
 
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American coal is in crisis. Production is down. Mining companies have declared bankruptcy. So how did America's coal industry get in this situation? And what will happen to America's coal communities? Inside Energy and The Allegheny Front teamed up to look at the collapse of coal.
Views: 50962 Inside Energy
Shake-Up In Mining Industry - Bloomberg
 
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Mining industry continues to shake-up. Two companies battle for the acquisition of Anglo American. (Bloomberg News)
Views: 123 Bloomberg
Mining boom pushes economy along
 
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A new report predicts Western Australia's resources sector will continue to flourish and fuel the nation's economic growth.
How Powerful Is Australia?
 
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What's The Difference Between Sunni & Shia? http://testu.be/1OFR6Rt » Subscribe to NowThis World: http://go.nowth.is/World_Subscribe Houthi, a Muslim Shia rebel group, recently seized control of the Yemen government through a violent coup. So, who is really instigating this proxy war and what do they want? Learn More: Iranian support seen crucial for Yemen's Houthis http://www.reuters.com/article/2014/12/15/us-yemen-houthis-iran-insight-idUSKBN0JT17A20141215 “Exactly how much support Iran has given the Houthis, who share a Shi'ite ideology, has never been clear. Sunni countries in the Gulf accuse Iran of interference via Shi'ite proxies in the region, something Tehran denies.” Iran-Saudi proxy war in Yemen explodes into region-wide crisis http://www.theguardian.com/world/2015/mar/26/iran-saudi-proxy-war-yemen-crisis “What has until now been an unacknowledged proxy war between Iran and Saudi Arabia, the two great powers of the Middle East, has now burst into an open confrontation that appears to be escalating rapidly as other countries and players are sucked in. The primary Saudi aim is to pacify Yemen, but its wider objective is to send a powerful message to Iran: stop meddling in Arab affairs.” Saudi Arabia bombs Yemen, launches coalition op against Houthi rebels http://rt.com/news/244117-saudi-arabia-bombs-yemen-houthis/ “Saudi Arabian forces, joined by nine other countries, have launched a military operation in Yemen against Shiite Houthi rebels, the Saudi ambassador to the US said. The offensive, which started with airstrikes, will also involve “‘other military assets.’” Watch More: What's the Difference Between Sunni and Shia Muslims? https://www.youtube.com/watch?v=5KLvjs7Yrtw _________________________ NowThis World is dedicated to bringing you topical explainers about the world around you. Each week we’ll be exploring current stories in international news, by examining the facts, providing historical context, and outlining the key players involved. We’ll also highlight powerful countries, ideologies, influential leaders, and ongoing global conflicts that are shaping the current landscape of the international community across the globe today. More from NowThis: » Subscribe to NowThis News: http://go.nowth.is/News_Subscribe » Like NowThis World on Facebook: https://go.nowth.is/World_Facebook » Connect with Judah: Follow @judah_robinson on Twitter – Facebook: http://go.nowth.is/LikeJudah » Connect with Versha: Follow @versharma on Twitter – Facebook: http://go.nowth.is/LikeVersha http://www.youtube.com/nowthisworld Special thanks to Evan Puschak for hosting TestTube! Check Evan out on Twitter: https://twitter.com/TheeNerdwriter/media
Views: 1737990 NowThis World
Asian Focus: Australia struggles; October RBA rate cut expected
 
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In this video Yvette Roper of TradingFloor.com video interviews Andrew Robinson, Market Analyst for Saxo Capital Markets in Singapore about the Australian economy which is perhaps starting to suffer from the global slowdown.Australia's Q2 GDP figures were quite solid. A fairly good contribution from household spending was a surprise, particularly considering that the rest of the economy, apart from the mining sector, is really struggling, says Andrew. Australia is however facing headwinds, mainly stemming from the China slowdown threat and its impact on the mining and resource sector. The third quarter could well be a struggle and as such it might be difficult for the Reserve Bank of Australia to achieve its 3.75 percent growth forecast for the year, says Andrew.At its latest policy meeting the Reserve Bank of Australia kept its benchmark rate unchanged at 3.5 percent for the third straight month. In light of the worsening China situation and the subsequent effect on the Australian economy expectations are increasing that the RBA will cuts its key rate at its next meeting on October 2. The market expects a 50 percent chance of a 25 basis point cut. "The chances are now more likely than they were at the beginning of this month," says Andrew.The Australian dollar has also been struggling of late as pure fundamentals finally catch up with this otherwise strong commodity driven currency. In the last month alone it has fallen 4.2 percent against the USD, 4.6 percent against the JPY and a massive 6.7 percent against the EUR. It has fallen the most against the latter currency because the Euro has seen some recovery in anticipation of European Central Bank rescue measures for troubled European nations. "The few props that have supported the Aussie dollar over the last 18 months to 2 years are slowly being eroded away," says Andrew.Andrew also commented on the latest employment figures from Australia which on a headline basis were poor with 8,800 jobs lost to the economy in August. Closer scrutiny of the data revealed that all the job losses were in the part-time category, with just a few jobs added in the full-time category. "That took a bit of the sting out of the negativity of the headline," says Andrew. The unemployment rate improved to 5.1 percent but this can be largely explained by a fall in the participation rate to 65 percent from 65.2 percent, which is the lowest it has been since October 2007.See more of Andrew's Asian market commentary on TradingFloor.com
Views: 90 TradingFloor.com
China's Economy Surprised In First Quarter, Marks 6.4% Growth In GDP | TIME
 
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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: 1560 TIME
Mines and Money Australia 2012 Highlights
 
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Mines and Money Australia (www.minesandmoney.com/australia) returned to the Sydney Conference and Exhibition Centre on 15-17 October 2012. The event featured an exhibition and conference agenda with more international investment expertise and investment opportunities than any other conference on the East Coast of Australia. The event hosted global industry leaders including David Harquail, President & CEO of Franco-Nevada and economist Andy Xie from Rosetta Stone Advisors and the South China Morning Post along with many others. Mines and Money Australia is part of the global Mines and Money series that also holds events in Hong Kong, Beijing and London. View 2012 photo gallery here: http://www.minesandmoney.com/australia/photo-gallery-2012/ Stay informed about 2013 here: http://www.minesandmoney.com/australia/conference/keep-me-informed/ Follow us on Twitter: https://twitter.com/MinesAndMoney Join the LinkedIn Group: http://www.linkedin.com/groups?gid=3064403&trk=hb_side_g
Views: 181 Mines and Money
AfriTin's CEO on what 2019 has to offer and the Mining Industry in Namibia
 
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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.
WA's Lithium Future
 
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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
The economic contribution of large-scale gold mining in Peru
 
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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: 687 World Gold Council
Which ASX industry and stock will be impacted by the Chinese economy
 
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Before asking Greg and Chris to share their thoughts on the companies and sectors that will be impacted the most by a volatile Chinese stock market, Shepherd asked attendees which trend they believe will impact the ASX over the next 12 months. 45 per cent believe China will create the biggest impact, followed by rising US interest rates (39 per cent) and oil prices (16 per cent). Greg Canavan believes Australia’s banking sector will feel the biggest brunt from China’s slowing economy. “The Chinese economy has been slowing for four years now. Australia’s big mining companies were the first ones to be hit. Now that the slowdown has worked it’s was into the heart of China’s economy, its the banks turn.”, Greg said. Part of the offset of the China slowdown has been lower interest rates, the impact of which has been a housing boom in Australia. And Australia’s banks have done very well from this trend. Greg added, “If China’s economy slows more than what the market thinks, then the demand for Australia’s exports will slow, which in turn will see Australia’s economy slow down. A slowdown in our economy will impact the housing market and ultimately the banks that lend the money to homeowners.” Looking at Australia’s largest bank, Commonwealth Bank, Greg said the biggest risk is around CBA’s ability to maintain its high dividend. A slowdown in revenue growth or an increase in bad debts will ultimately impact dividends paid by Australia’s Big 4 banks. Chris Batchelor agrees with Greg, adding that Australia’s mining sector will continue to suffer, along with companies selling their goods and services into China. Chris talks through the impact of China on BHP, Australia’s largest mining stock. To wrap up Shepherd asks a question from the audience: A small percentage of the Chinese population actually invest in their stock market. Why then is it so volatile? Watch this video to hear Chris and Greg’s thoughts. How to find top growth stocks was recorded on 17 September 2015 at skaffold.com. ABOUT SKAFFOLD Skaffold tracks and reports on all ASX listed companies, plus thousands of global stocks daily. Forget market jargon and pages of financial data. Skaffold's digital stock research gives you the facts you need so you can easily find the best growth and yield stocks for your portfolio. The stock rating system is like traffic lights for the stock market. With Skaffold doing the hard work for you, you'll have the confidence to make investment decisions without spending hours sifting through confusing financial data. It's the ideal tool for stock market investors, self managed superfund trustees and skilled financial advisors.
china limestone mining companies
 
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More Details : http://wwa.stonecrushersolution.org/solutions/solutions.html Our Channel : https://www.youtube.com/channel/UCbbRdWA7Go_tqpzKkQkxurw Our Channel : https://www.youtube.com/channel/UCYgMJRtHDsXYizUx8QDellw/ The 2014 All-China Research Team: Metals Mining, No. 1: Yanlin Dec 8, 2014 Its decline of 2.1 since her July elevation was still better than the sector's 7.4 percent loss. Going forward, the analyst prefers Anhui Conch Cement Co., China's biggest cement maker, which is based in Wuhu and holds significant exposure to limestone mining. The company is enjoying growing demand,Sichuan Pingwu China Gold Mining Co., Ltd.The company's main product is crude gold, using oxidized ores as principal raw material and solid sodium cyanide and lime as auxiliary material. The main equipment and facilities include crusher, ball grinding mill, spiral classifier, pressure filter, etc. Manufacturing technique consists of crushing, transporting, ball-milling,Limestone mine to be part of tourism complex in Dalian - Business Feb 13, 2017 An abandoned limestone mine in Dalian, Northeast China's Liaoning province, will be incorporated into a tourism complex to be built by Chinese billionaire Wang Jianlin's Dalian Wanda Group Co. Dalian Tourism Bureau director Li Jingping said construction of the project costing several million yuan wouldAbout Us - China Tianrui Group Cement Company LimitedChina Tianrui Group Cement Company Limited is mainly engaged in limestone mining and utilization, as well as clinker, cement production, marketing, is a leading clinker and cement producer in Henan and Liaoning provinces in terms of production volume。At the same time, the company is one of the twelve nationalChina Drives Global Growth for Calcium Carbonate DemandMay 10, 2012 Ground and Precipitated Calcium Carbonate: Global industry markets and outlook Table of Contents 1 Summary 1 Types, resources and chemistry of calcium 2 carbonate rocks 7 2.1 Types of carbonate rocks 7 2.1.1 Limestone 8 2.1.2 Chalk 8 2.1.3 Marble 8 2.1.4 Dolomite 8 Resources and mining ofRock, Limestone and Clay Mining – Australia Industry Report Need Rock, Limestone and Clay Mining industry data? Industry statistics are available in these IBISWorld Australia market research reports. Click here to view.Artisanal Mining in the People's Republic of China - iied iiedThe real wild card, however, is the industrial minerals and construction material artisanal mining industry. It is hard to find a village without a prefabried concrete, brick, lime or tile manufacturer, all of which use massive amounts of aggregate material, usually mined on a small scale locally. China also has a substantialThe Mineral Industry of China in 2013 - USGS Mineral Resources particularly strong compared with that of other countries. China imported significant amounts of raw materials and transformed the materials into products for export. in 2013, China's economy remained .. gold, graphite, indium, iron and steel, lead, lime, magnesium, China's mining industry is highly fragmented and has.Swelling and breaking characteristics of limestone - Science Direct3Huainan Mining Industry Group Company Ltd., Huainan, Anhui 232000, China. Abstract: The elemental composition, heat expansibility and breaking characteristics of limestone have been investigated with the use of an energy spectrum analyzer, a SEM, an optical microscope and an experimental heat swelling powerThe Mineral Industry of China in 2010 - USGS Mineral Resources China—2010. 8.1. THE MINERAL INDUSTRY OF CHINA. By Pui-Kwan Tse. China ranked second behind the United States as the world's leading economic power, was one of the world's top by 24.5% to $3.7 trillion, of which the mining sector (including .. lead, lime, magnesium, manganese, molybdenum, phosphate.Mining in India - WikipediaThe Mining industry in India is a major economic activity which contributes significantly to the economy of India. The GDP contribution of the mining industry varies from 2.2% to 2.5% only but going by the GDP of the total industrial sector it contributes around 10% to 11%. Even mining done on small scale contributes 6% toChina's Mineral Industry and U.S. Access to Strategic and Critical Mar 20, 2015 world. The mining industry in China consists of many small and fragmented companies. China's government seeks to consolidate its mining industry, eliminating obsolete and small reserves; bauxite—small production and reserves; fluorspar—byproduct of lime;
Views: 12 Corro Vens
INDONESIA THE LARGEST ECONOMY IN SOUTHEAST ASIA - G20 MEMBER
 
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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: 52142 VideoTube
Mining boom could face costs brake
 
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Capital expenditure in mining projects is expected to hit nearly $80 billion this financial year but there are concerns that rising costs and competition for resources could slow the industry's potential expansion.
Tania Constable, CEO of The Minerals Council of Australia on Mining with Principles
 
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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: 156 ICMMvideos
G10/P3: World Geography- Russia Mining, agriculture, industries
 
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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: 109731 Mrunal Patel
General Skilled Migration(GSM) - Australia
 
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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: 1663 Sujith Talks
Australian mining boom masked slide in annual wage growth, economists say
 
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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
Effects of coal boom on other sectors- Richard Denniss
 
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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
G10/P7: World Geography- Australia: Physiography, Rivers, Climate, Resources
 
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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: 106310 Mrunal Patel
Innovation, Safety and the Future of Mining | Curtin University Lecture
 
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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: 1854 Curtin University
The House That Cocaine Built
 
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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: 123792 Vocativ
Investment Propositions in Africa's Mining Sector
 
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(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
EOFY Series: The Australian Economy
 
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CBA Chief Economist Michael Blythe speaks with CommSec Market Analyst Steven Daghlian speaks about the performance of the Australian economy over the past financial year, and the outlook for the 2017/18 financial year. https://www.commsec.com.au/financialyearwrap
Views: 2346 CommSecTV
How will the third phase of the mining boom affect the Australian dollar?
 
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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
Summary of gross domestic product for the September 2018 quarter
 
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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: 128 Stats NZ
Thailand, Australia share concerns over Trade War
 
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The Thai Prime Minister has held bilateral talks with his Australian counterpart Scott Morrison about the trade war between the United States and China. They agreed to push for the setting up of a Regional Comprehensive Economic Partnership (RCEP), to alleviate adverse effects.
Views: 29 NBT WORLD
The future of mining in Africa
 
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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: 235 CNBCAfrica