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WA

Know the Law: How to Start Up a New Business in Australia

February 18, 2014 by Reporter Leave a Comment

law for samll business australia

Starting any new business in Australia is a decision that requires careful planning and implementation. First of all, you will need to determine the kind of business you plan to start, and then you can begin to structure accordingly. Will you be working from your own home, or working from an office? How will you organize a system for financial dealings and record-keeping? What are the tax and superannuation requirements, and will you be required to register the business? If so, what procedure will you follow? These are the types of questions you are probably asking, and the answers will depend on the nature of the business you plan to start.

Choosing a Business Structure:

Begin by selecting a business structure that complements your needs. For example, if your business is an extension of a hobby, you will need to factor in the income you are required to declare and the losses and deductions you can claim. Start by doing some research, find out what licences (if any) you may need. At this stage it’s helpful to consult with a business advisor or financial planner who can help you to design a strategy that works for you.

Registering Your Business:

The Australian Government has recently designed and updated a checklist that covers many business considerations. Additionally, a revised National Business Names Registration System serves to replace the former territory and state register. New business registrations names are managed by the Australian Securities and Investments Commission (ASIC); previously existing business names were transferred to the ASICs database. Should you plan to set up an independent business, protecting your intellectual property (IP) with an appropriate trademark registration may help to increase your profit.

Managing Your Finances:

Responsible financial management will greatly influence the success of your business. When you initiate your planning, based on the structure of your business, take into account how much funding will be required and how you will manage your finances. Many small business obligations can be registered simply by completing forms. Payments, invoices, and business records can be compiled into basic systems that match the requirements of your business.

Home-Based Businesses:

Home-based businesses may also be affected by a broad range of government restrictions and requirements. Legal obligations for setting-up and operating a business from your home may be subject to specific requisites that include: planning, support, registrations, licences, taxation, and insurance, based on the type of business venture. Today, more small businesses operate from home than ever before. The internet has opened up tremendous potential for ecommerce. Many retirees and families are finding that they can work more satisfactorily within the comfort of their own home.

The Australian Government’s checklist helps to determine the specific requirements that apply to the type of enterprise you plan to initiate. Before opening for business, it is your responsibility to know the law. However, with so many excellent resources available, opening a new business in Australia can be an exciting and lucrative venture!

Filed Under: Australia, NT, Perth WA, Sydney, Victoria, WA Tagged With: Business, Small Biz

How to Choose a Video Surveillance System for small business ?

October 31, 2013 by Reporter Leave a Comment

When there is a need to keep an eye on what matters most, from anywhere and at any time, you will need the best Video Surveillance System which would allow you to be virtually present for protecting your valuable property. There are many such systems in the market but to choose among them which suits your purpose the best, you will need to do a bit of research work. There are many criteria’s that need to be judged when choosing a video surveillance security system which will allow you to view from your iPhone, iPad and other smart phones. Here are some of the features that need to be explored while choosing a good surveillance system.

small business Surveillance System

The Number of Security Cameras Needed

Question arises on whether you need more than one camera. Number of cameras depends upon the area under surveillance and the key areas which require more attention. In case of residential houses having large exteriors or multiple rooms, there will be necessity of more than one camera. Generally three to four cameras can do the job efficiently provided they are positioned at vantage positions such as entrances, crawl spaces, windows and roof.

Choosing the Capabilities of Camera Lenses

Video Surveillance System  software

Proper viewing of the area under surveillance depends on the capabilities of camera lenses and depends upon the angle of viewing. In case an extended area needs to be covered, wide angle lens should be used like in workshops or factory floors and offices having an open area. For fixed and small area such as windows and retail counters, a standard lens is sufficient. Adjustable lens can also be used, choosing optimum field viewing.

Quality of Images

Quality of image and recording of details depend upon the resolution of the camera lens and the number of TV lines. Systems having over 400 TVL will need high resolution cameras. The greater the speed of frame rate, smoother is the recording and output of moving objects. While 15 fps is sufficient for objects moving at moderate speed, fast moving objects generally need a rate of 24 fps.

Locations of the Cameras

Cameras should be placed at vantage positions depending upon the field of view. In places like factories, construction site security, gated communities, utilities/sub-stations, automobile workshops and parking spaces, where large areas need to be covered, wide angle lens should be in operation. In small and fixed points, fixed camera can do the job. Camera lenses designed with zoom feature allows adjusting the field of view through remote control and respond to any emergency calls such as alarms. Feasibility of installation of cameras should also be taken into account which include easy and quick installation and dismantling and special features for protection from dust and strong wind.

Choosing the Right Security Cameras

There are many types of cameras but to choose the right one, camera features and the purpose of surveillance should be considered first. Differences between camera types should be analyzed while taking the final decision on whether to choose the Box, Bullet, Dome, Infra Red Camera or the Hidden or PTZ camera. Each has its own features which have to be studied before installation. NVR cameras can also be installed for wide area of networks where video footage is important.

Capabilities of Surveillance Software

Performance of a camera depends upon the video surveillance software installed because the better the software, the faster is the response and better recovery of data. Software allowing easy configuration and installation of camera is the best choice. Other functions enabled by the video surveillance software needs to be checked which include recording of a sudden event at areas where there is more activity, notification via SMS, an E Mail and quick search of video footages from the archives stored in the drive.
Other capabilities of the installed software which needs to be checked include remote access where online recordings can be viewed through control panel which is web based.

Other external criteria’s

Even while considering the above factors, there are some other factors that need to be considered while installing the video surveillance systems. They are intensity of light in the area under coverage and the time of recording which are decisive factors to ensure compatibility of the monitoring system and their high performance.

Having the right Video Surveillance System will help in preventing theft, identifying visitors, prevent potential accidents and safeguard of people and property.

iVIS offers wide range of surveillance services in Australia with highly qualified staff monitoring your business 24/7. Get total peace of mind, while we take care of your security.
Article by iVIS Australia Pty Ltd – Upgrade To A Safer, Smarter & Secure World!

Filed Under: 2013, Gpost, NT, Perth WA, Sydney, Technology, Victoria, WA Tagged With: Cameras, Surveillance

When Courier Parcel is appropriate for business

August 4, 2013 by Reporter Leave a Comment

Use a Courier Service to Show You Care About Their Business

Customer loyalty is tough to achieve and in a world of commerce where finding a competitive edge is so vital to successfully growing your business, a reliable courier could be what you are looking for.

australia courier service aug. 04

Meeting deadlines

To deliver on your promises you need to deliver your goods on time and meet any pre-arranged deadlines. We all know that when we have ordered an item that we need as quickly as possible; there is nothing worse than it not turning up on time.

This has the effect of not only providing immediate disappointment in the company that you have chosen to deliver on time but also presents a potential logistical nightmare caused by the delay.

On the other hand, if the company you placed an urgent order with promises to get the item delivered by noon the following day and it turns up in plenty of time, you are going to be impressed with their service and commitment to customer satisfaction.

Delivering on your promises

Using a courier to deliver items on your behalf presents an opportunity to gain a competitive edge over rival companies who may offer a similar product but cannot provide the same efficient level of delivery service.

Being able to deliver on your promises will mean that your company can grow organically with existing customers happy to rely on you to deliver on time and also allow you to seek new customers with the confidence that you can meet their expectations.

Less mailroom headaches

Another aspect of running a business that many consider as a menial task is managing the flow of mail and far too often, other seemingly more important aspects of the daily business routine such as driving sales and communicating with customers, take priority over the efficiency of the mailroom.

Not many people in the company will willingly volunteer to queue up at the local post centre and arrange to send all the parcels and post that have accumulated throughout the day.

Save time and money

Quite often you could save your business time and money by using a courier service to deliver your parcels and time critical mail. The average amount of staff hours spent managing mail for a small business is about 1.5 hours a day, so when you compare the cost of those wages against the cost of a simple pick-up service from a courier that could be as little as $5.50 per day, you can see that savings can be made on cost and also staff efficiency.

Broadening your horizons

Another positive aspect of developing a relationship with a good reliable courier company is not only can you grow your business with a greater degree of confidence that you can deliver on your promises but you can also look to widen your geographical sales area by using the delivery network that a good courier will be able to offer, meaning you can attract new customers and still offer the same speed of delivery service.

The purpose of a good courier is to provide you with a good service which in turn enables you to do the same. It also has the potential to become an integral part of your business, keeping delivery costs under control and perhaps most importantly, allowing you to show your customers that you care about them by delivering on time.

Richard Mills is a business logistics consultant. He enjoys sharing his ideas through blogging. Find out more about couriers and services near you.

Filed Under: Business, Gpost, Perth WA, Retail, WA Tagged With: Couriers, Parcel, Post

Datsun car by Nissan reborn in India

July 23, 2013 by Reporter Leave a Comment

Most aussies know  “the datsun brand”  an iconic reliable car  that just worked. It has been an aussie favourite for ages  and now its getting released in india.  In the year 1981 in the U.S. it was badged as the DeLorean DMC-12.

Datsun GO Engine and Performance

Nissan has chosen India to introduce the Datsun Go, a super-inexpensive hatchback. (It will cost just  $7,000. putting this car in the budget affordable category in india). The Datsun Go will go on sale in India early next year, followed by sales in Russia, Indonesia, and South Africa. The four-door hatchback has a 1.2-liter engine and a five-speed manual transmission

The Indian price tag is Rs 4.00*lakh

Datsun was the company’s flagship auto brand in the U.S. until it was killed off in favor of the Nissan name in the U.S. in 1984 (and everywhere by 1986)

 

Datsun (DAT-GO), one of the oldest car manufacturing companies in the world was first started almost a century ago in the year 1914. Nissan changed the name to Datson from DAT-GO, which was later changed to Datsun.

good old aussie datsun

Tata, the Indian automaker, flopped badly with its Nano minicar that sold initially for $2,000.

Filed Under: 2013, Australia, NT, Perth WA, Sydney, Victoria, WA, World Tagged With: Aussie car, Datsun, Vintage car

Australia’s best hotels for corporate meetings and conferences

May 2, 2013 by Reporter Leave a Comment

Whether you’re a businessman, public servant or representative of an organisation, one task that will come up every so often is arranging a conference for both internal and external figures. It’s a task that usually eats a large amount of one’s time as organisers find information on a range of hotels and other meeting spots before checking them against myriad attributes. Fortunately, however, top hotels for conferences exist in every major Australian city, meaning it is not impossible for you to impress colleagues and stakeholders with your choice of hotel.

australian heritage hotels

An Australian heritage Hotel

Hotel Lindrum, a Melbourne hotel situated in the heart of the city, provides a classy, yet value-for-money option, which is great for those organising a meeting or conference on behalf of a small business. The Lindrum’s Australian Room offers a cosy but highly professional setting for meetings of up to ten people. At $400 for a full day or $280 for a half day, and with a tailor-made menu for meetings offering food and beverage options from $15 per person, a corporate meeting in the Australian Room can boost a small business’ clout without eating its hard earned profits.

The Sebel Pier One in Sydney has breathtaking waterfront views that will charm even the fussiest of conference guests. Overlooking Sydney Harbour, Pier One’s main conference venue is able to fit 440 guests, which makes it a great choice for large conferences of a high-level and prestigious nature. Alternatively, Sebel Pier One has seven smaller conference rooms, allowing for an elegant, yet more intimate atmosphere for corporate small business meetings. While it is on the expensive side, the highly sophisticated atmosphere and the first-rate views make Pier One an excellent choice.

The Crowne Plaza Canberra is in a central location close to the National Convention Centre, giving guests easy access to any large functions occurring there. The Plaza has six meeting rooms which cater for conferences and corporate meetings with few or many guests. Its largest room, The Glebe, fits up to 50 guests in a meeting setting while the smallest room in the Crowne, Pods 1, fits up to 17. Such diversity of rooms in a prime location gives Crowne Plaza something to offer for large and small businesses alike.

The Crowne Plaza in Canberra is not the only one excellent for conferences; Adelaide’s Crowne Plaza also offers outstanding facilities for those in Australia’s south. Like its Canberra counterpart, Adelaide’s Crowne Plaza has a diverse array of meeting rooms, with seven being offered by the hotel. Along with luxury, the Plaza’s state of the art technology in its function rooms is its major strongpoint. The Hindmarsh Ballroom, for instance, includes a built-in data projector and screen which has been deemed as the “latest in technical facilities” by the hotel.

When it comes to size, Brisbane’s Pullman Hotel is unrivalled in the Queensland capital. Located in the centre of the city, the Pullman has the capacity to fit up to 1000 people in its largest ball room, an easy fit for even the largest of corporate functions. For smaller corporate meetings, the hotel also has two boardrooms. On top of all this, the Pullman Hotel also boasts the 50-seater King George Room, which overlooks Brisbane’s King George Square, giving it character for those hosting a conference with a sophisticated touch.

Over in the country’s west, the Duxton Hotel in Perth is an attractive hotel venue for conferences given its five-star facilities and location near the Swan River in the city centre. With nine meeting rooms, ranging from a function floor on the Lower Lobby Level and the six-seater Duxton 5 meeting room, the hotel appeals to those hosting large and small conferences and meetings. The Duxton Hotel is located on St Georges Terrace, which has public transport connections to Perth’s Domestic Airport, making it a great choice if catering to interstate guests.

In Australia’s north, the Vibe Hotel Darwin Waterfront offers four flexible conference and meeting rooms within walking distance of Darwin’s Central Business District. The Vibe is situated in the recently developed Waterfront precinct, which contains many top alfresco restaurants and entertainment areas. Vibe Hotel is also 20 kilometres from Darwin Airport, making it a great hotel to hold a conference if attendees are flying in from elsewhere.

Australia boasts some of the best hotels for conferences and corporate meetings. Hotels in every major city in the country contain conference rooms to cater for both small and large conferences as well as professional atmospheres for even the highest-level of meetings. With central, easily accessible locations and state of the art technological facilities in these venues, a business can easily consider flying into a new location for the annual company conference or function.

Carla C. Burton is a self-employed Travel and Hospitality writer with a BBA in Business Administration from Bond University.  Although a Gold Coast native, Carla moved to Melbourne in 2008 to further her writing career in the Travel industry.  Carla has become a top contributor to many Travel blogs world-wide and thoroughly enjoys the freedom that self-employment has provided her.  To find out more about Carla or to follow her other posts, follow her on Twitter @CarlaCBurton.

Filed Under: 2013, Australia, Entertainment, Gpost, NT, Perth WA, Sydney, Times, Victoria, WA Tagged With: Australian Hotels, Hotel accomodation, Tourism

Australian stock market and new IPO & Floats

April 22, 2013 by Reporter Leave a Comment

Companies that have listed on ASX in the previous two months. Click the Company asx code in 2nd column in table below to check out the current price on Australian markets

Initial public offering (IPO)
From Wikipedia, the free encyclopedia

asx centre of liquidity australia

An initial public offering (IPO) or stock market launch is a type of public offering where shares of stock in a company are sold to the general public, on a securities exchange, for the first time. Through this process, a private company transforms into a public company. Initial public offerings are used by companies to raise expansion capital, to possibly monetize the investments of early private investors, and to become publicly traded enterprises.

 

IPO and recent floats on the australian stock market

Company name ASX code Listing date 1st day’s trading  
Open Close
CHINA INTEGRATED MEDIA CORPORATION LIMITED CIK 25/02/2013 0 0  
LION SELECTION GROUP LIMITED. LSX 13/03/2013 0.65 0.69  
MALABAR COAL LIMITED MBC 28/03/2013 1.04 0.84  
NAOS EMERGING OPPORTUNITIES COMPANY LIMITED NCC 26/02/2013 0.98 1  
NATIONAL RMBS TRUST 2012-2 SERIES 2012-2 NAH 15/03/2013 N/A N/A  
PERPETUAL RESOURCES LIMITED PEC 28/02/2013 0 0  
SERIES 2012-1E REDS TRUST RFB 14/03/2013 N/A N/A  
SERIES 2013-1 WST TRUST WSQ 03/04/2013 N/A N/A  
SPDR S&P WORLD EX AUSTRALIA FUND WXO 19/03/2013 N/A N/A  
STRATA-X ENERGY LIMITED SXA 12/03/2013 0.33 0.35  
SWALA ENERGY LIMITED SWE 18/04/2013 0.2 0.19  
TALON PETROLEUM LIMITED TPD 28/02/2013 0.1 0.105  
TLOU ENERGY LIMITED TOU 09/04/2013 0.5 0.53  
TORRENS SERIES 2013-1 TRUST TNB 14/03/2013 N/A N/A  
US SELECT PRIVATE OPPORTUNITIES FUND II USG 09/04/2013 1.6 1.6  

 

Reasons for listing as an ipo

When a company lists its securities on a public exchange, the money paid by the investing public for the newly issued shares goes directly to the company (primary offering) as well as to any early private investors who opt to sell all or a portion of their holdings (secondary offering) as part of the larger IPO. An IPO, therefore, allows a company to tap into a wide pool of potential investors to provide itself with capital for future growth, repayment of debt, or working capital

Upcoming new floats on the australian market

 

The entities listed below have made application for admission to the official list of ASX Australian shares. Part of this application process includes the allocation of a provisional ASX code.

It is advisable to obtain investment advice before making any investment decisions relying on information provided on a third party site, and the entity’s offer document should be read in its entirety before any decision to invest in the entity’s securities is made.

Company Proposed ASX code * Proposed listing date/time
Austral Resources Limited AZW 24 April 2013 #
Classic Minerals Ltd CLZ TBA
Coke Resources Limited CKE TBA
IPB Petroleum Limited IPB 30 April 2013
Kin Mining NL KIN TBA
Laramide Resources Ltd LAM TBA
Longreach Resources Limited LOR 22 April 2013 #
Macquarie Gold Limited MQX 24 April 2013 ##
Mighty River Power Limited MYT 10 May 2013 #
Perth Resources Limited PRD TBA
Priority One Network Group Limited POR Application Withdrawn
Rental Management Investment Trust RTI TBA
Shine Corporate Ltd SHJ 15 May 2013 #
Sino Australia Oil & Gas Limited SAO 28 June 2013 #
Tropicana Gold Limited TPO TBA

 

*Listing dates are anticipated dates for first quotation of securities set by ASX following completion of admission procedures and proposed dates for first quotation of securities set out in the entity’s prospectus or information memorandum. However, they are subject to change without notice and you may not rely on this information in any way

Public offering
From Wikipedia, the free encyclopedia

A public offering is the offering of securities of a company or a similar corporation to the public. Generally, the securities are to be listed on a stock exchange. In most jurisdictions, a public offering requires the issuing company to publish a prospectus detailing the terms and rights attached to the offered security, as well as information on the company itself and its finances. Many other regulatory requirements surround any public offering and they vary according to jurisdiction.

Public offering without listing
From Wikipedia, the free encyclopedia
A public offering without listing, often called a POWL deal or a POWL, is a form of public equity offering by non-Japanese firms in the Japanese market, without the previously required simultaneous listing on a local exchange. Equity offerings via POWL have been a common part of Asia regional public offerings since the early 1990s, with Japanese investors often taking more than 20% of the offering through this format

if you need  more stock tips on the australian stock market you can visit  australianstockwatch.com  or www.australianpennystocks.com for penny stocks  tips and  hot shares

Filed Under: 2013, ASX, Australia, Australian Stockmarket, Finance, Perth WA, Report, Sydney, WA Tagged With: Australian stock market, Floats, IPO

Mining rivals Mongolia & South Africa increase mining projects

September 18, 2011 by Reporter 1 Comment

Australia has been enjoying the riches of their mineral resources with a massive boom in iron ore, coal, LNG and other mineral exports. With the rise in prices of these mineral resources and Australia being just on the border of Asia, booming big economies like china and India  are looking to increase imports and trade deals with this mineral rich neighbor.

Australia currently is enjoying the boom in the mining industry with new mining projects being announced and many expansions  and mergers announced in the last two years due to this profitable sector. It attracts investors ands deals from its Asian neighbor’s because it has already got  good infrastructure for steady supply of resources a reliable government and governance and reliable supply of the Mineral exports.

mongolia mining oyu tolgoi australia ivanhoe

Rise of Mongolia and South Africa mining

South Africa and Mongolia have  advantages over Australia where mining is concerned, they not only have access to cheap labour but  the resources are said to be much richer according to experts and therefore less refining and processing required before export to other countries giving them an advantage in the resource’s price.

Mining in Mongolia

Mongolia is in the middle of a big economic transformation thanks to some really good mineral riches and government giving more access to outside companies to mine their riches thus making it a new investment hotspot. The country is one of the fastest growing economies of the world with a growth rate of 17 % a year and the Mongolian stock exchange was also the best performer in the world in 2010.

The Oyu Tolgoi copper gold deposit that was first explored unsuccessfully and then abandoned by BHP,  is now in Canada’s IVANHOE Mining hands with plans underway for them to develop this ,one of the worlds largest copper –Gold deposits, with a big market for them conveniently right next door (CHINA and INDIA) . TAVAN TOLGOI is another estimated six billion tone  coal deposit close to OYU TOLGOI and is said to be the largest underdeveloped coking coal project in the world.

There are other factors though where Mongolia has to step up with their infrastructure struggling  to keep up with the pace of economic growth. The rapid economic change has also resulted in their mongolian currency the ‘”tugrik” appreciating quickly  hurting other industries like tourism and the cashmere trade which has been a traditional earner for the mongolian people. With this rapid economic change creating class divides due to the perception of the mining wealth not distributed fairly, has brought some uncertainty with frequent regime changes happening in recent years.

Projects in Mongolia

  • Ivanhoe mining
  • East Asia Minerals Corp
  • ENTREE GOLD INC.
  • AREVA GROUP
  • Aspire Mining Limited
  • BHP BILLITON
  • Haranga Resources Limited
  • Aspire Mining Limited
  • MERITUS MINERALS LTD.

South Africa Mining projects surge

 

South Africa is the world’s biggest producer of platinum, and one of the leading producers of gold, diamonds, base metals and coal

Iraj Abedian, a South African economist  has advised the mining ministry, saying South Africa isn’t the only mining power trying to determine how best to ensure its natural resources benefit as many south african people as possible, he said similar debates are going on in Latin America and Australia

Only recently , Colin Barnett in one of his speeches on mining commented that Australia should be well aware of  its rivals in the mining industry, and south Africa can very soon become a competitor  to selling its mineral resources to china and india at much competitive prices. Mining grew by 47% last year, according to the Zimbabwe Chamber of Mines, and had been forecast to grow a further 44% in 2011.

Botswana will lift a moratorium on new prospecting licences for coal, coal-bed methane (CBM) and related minerals by the end of September, a government official said on Friday

Projects in South Africa

  • Cortec Mining – Kenya
  • RioZim – Zimbabwe ( with RIO TINTO)
  • Murray & Roberts (M&R)  – Zimbabwe
  • Lafarge – Zimbabwe
  • Anglo American (De Beers)  – Botswana

Filed Under: Australia, Government, Mining, WA Tagged With: Mining countries, Mongolia, South Africa

Are Australian Wineries in trouble ?

August 29, 2011 by Reporter 1 Comment

Sales figures show that wine sales slipped 3.3% in 2010/11 – the first fall in 15 years and
largest drop in annual wine sales for 22 years. Australian consumers have been  spending less on the spirits ad this has affected the Australian wine market.

While the sales of Australian wines  have gone down, French wines have been doing pretty well. French wine only accounts for 1.7% of all wine sales, but the share has doubled in the past five years. Apart from the low domestic demand in Australia  the high Australian dollar and domestic over-supply of grapes have also  affected the wine markets.

Some of the more popular wine growing region s in australia  is the Hunter Valley ( NSW,VIC), Swan valley , Margaret river( WA), Port Phillip and Gippsland ( Greater Victoria)

wines australia sales production

The wine grape production for the year 2009-10 is estimated by the ABS to be 1.53 million tones, around 9 percent lower than  the 2008-2009 harvest. The wine industry has been  affected by scarce water supplies in some regions and in some parts of south eastern Australia  also by the heat wave. In Victoria many  winegrowers was affected by the floods and outbreaks of  disease due to damp and humid conditions. The Murray darling  Swan hill zone has  been affected by disease  affecting wine production  in early parts of the year.

Red wine grapes have been the farmers popular choice in cultivation of production in 2009-10 with  it accounting for the total of 55%

The Popular grape variety cultivated by farmers in 2009-10

1. Shiraz

2. Chardonnay

3. Cabernet-Sauvignon

vineyards wine sales figures 2011 2012

The forecast for   2011 –12 is for the wine  grape production to increase by 10 %  taking into account vines reaching full production, but so far the weather is playing a dampener on  good wine grape production and these results could get affected by any major disruptions in weather.

For more detailed information  on  wine grape  production statistics you can visit  www.abs.gov.au and www.abares.gov.au

Filed Under: Beers, Business, Perth WA, Queensland, Report, Victoria, WA Tagged With: 2011-12, Vineyards, Wine Industry, Winesales

Wrap up – Diggers & Dealers 2011 Conference

August 5, 2011 by Reporter 1 Comment

Some of the highlights of the just wrapped up Diggers and Dealers Mining Conference Held  in the gold-prospecting hub of Kalgoorlie, Western australia from 01 Aug- 03 August 2011.

diggers and dealers australia

Diggers & Dealers Conference 2011- Highlights

 

Golden diggers and dealers Shovel

For a forum that started with a dozen blokes in a pub in the West Australian mining town of Kalgoorlie-Boulder, Diggers and Dealers has morphed into the largest mining conference of its type in Australia and the third largest in the world.

The dealing and digging at Kalgoorlie WA

Iron ore company Gindalbie Metals’ has earned it the Dealer of the Year award at the Diggers and Dealers conference in Kalgoorlie due to managing  a clever relationship with Chinese steel maker Ansteel

The digger of the year was WA-based miner Independence group which has made major developments on their mines near Kambalda in the Goldfields.

Small miners complained  that the big miners BHP Billiton, Rio Tinto, and Xstrata – will be able to manipulate the MRRT’s rules to claim depreciation of their existing multi-billion-dollar mining assets against their expected MRRT liability, and almost completely negate the effect of the tax on their profits.

 

diggers and dealers WA conference 2011

Gold miner Ramelius Resources is cashed up and ready for acquisitions. Ramelius’ shares have jumped more than 300 per cent in 2010/11, from 39 cents.

The dealermaker award went to Ivanhoe Capital Corporation for its success in developing gold and coal projects in Mongolia and Queensland.

KEITH JONES, MANAGING PARTNER DELOITTE (WESTERN AUSTRALIA), on china’s growth

"The going out policy initiated by the Chinese government at the turn of the century resulted in a surge of direct Chinese investment, up from $500 million in 2000 to $59 billion in 2010. While Australia remains one of the preferred destinations for Chinese investments, other regions such as Africa and Latin America have seen accelerated inflows of Chinese capital over the past three years."

 

Joseph Riggio, of Casimir Capital, says cashed up investors in New York, Boston and Chicago want to diversify out of the floundering US dollar and are increasingly looking to ASX listed miners to do that. He said "There’s a perception that Australian companies represent a better value than their Canadian counterparts because of their focus on cash flow,"

 

Filed Under: 2011, Australia, Business, Diggers, Mining, Perth WA, WA, WA Tagged With: Diggers & Dealers, Kalgoorlie, Skimpy

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