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Managing mining infrastructure 'critical' to growth: report
03/07/2012 - Managing the completion of road, rail and port projects in the resources sector is critical to Australia retaining its share of the commodity exports market, a government report says.
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The report by the federal Bureau of Resources and Energy Economic (BREE) says while commodity prices have peaked, export volumes are expected to grow significantly in the future.
Infrastructure in place now is sufficient to meet growing demand up until 2016/17.
But while medium to long term planned infrastructure is more than adequate to meet growth to 2025, it must be be property managed.
"If we are going to maintain the efficiency, maintain that competitive edge, we have got to keep investing in capacity and in the infrastructure," Regional Development minister Simon Crean told reporters in Canberra on Monday.
"Managing the completion of the projects is critical to reap the benefits of what is expected to be continuing strong growth in commodities and Australia's position in it."
Resources minister Martin Ferguson said while the boom in commodity prices seen in 2009/10 was over, resource companies "can still turn a dollar" as long as the inputs were there.
"If you don't have the skilled labour you can't build the infrastructure and we can't develop the resource opportunities," he said.
Based on a number of scenarios, BREE expects Australian thermal coals exports to increase to between 267 and 383 million tonnes by 2025.
Metallurgical coal exports will rise to between 260 and 306 million tonnes, iron ore by between 885 million and 1.08 billion tonnes and LNG by between 86 and 130 million tonnes.
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Lou Furbadamo | 5/07/2012 10:20 1
As critically afore mentioned. Whereas, we continue hearing warnings from private reports and studies such as the Dun & Bradstreet Business Expectations Surveys. That Australian manufacturers, hit by hefty staff costs and a high Aussie dollar, etc., are increasingly “nervous” about the national economy, as supported by falling sales and profit projections, manufacturers downgrading sales expectation and profit projections, adverse impact on executive outlook and business focus for long-term growth and “staff investment." Etc. etc. All you amazingly, repeatedly hear from a smorgasbord of Government, Coalition and RBA “spokes-wankers”, is regurgitated misdirected vagaries and clichés. Viz: From Simon. Crean “ to maintain the efficiency, maintain that competitive edge, we have got to keep investing in capacity and in the infrastructure”. What competitive industry? What capacity? What infrastructure? And "completion of the projects is critical to reap the benefits of… continuing strong growth in commodities and Australia's position in it." Is Australia’s sole position is in commodities?? To cap it all from Martin Ferguson: ”resource companies can still turn a dollar as long as the inputs were there”. And to put the question of sole priorities beyond doubt! "If you don't have the skilled labour you can't build the infrastructure and we can't develop the resource opportunities," You’d be forgiven for concluding the only economy sector in Australia that matters is minerals and resource based! Therefore it’s easy to derogatorily say they’ve lost the plot! But sadly they and their similarly “sus”, overpaid advisers never fully understood the plot to begin with? They’ve clearly been involuntarily seduced by the supposedly everlasting, but actually finite dampening, big easy mining $Bucks. Consequently, they’re so biased and remote from the fundamental, key economic and political realities, that we may as well all well be speaking in tongues, such is their overwhelming gibberish nonsense and confusion. They’re all chirping from same flimsy, unravelling, magical parrot, panacea prayer book and solely addressing the mining and resources BOOM. Currently only adversely impacting and applicable to Manufacturing, Retailing and many other struggling sectors of the economy, which are instead inefficiently, perilously operating well below ideal capacity at Hades door step. They are that cocky and dopey enough, to analogously “conningly” try and universally use blissful wedding prayers and psalms for all critically revered occasions, including sombre funeral and burial rites! Sacre Bleu! Carelessly or ignorantly, what they’re dastardly saying is “we don’t care about the rest of the faltering and disappearing economy, because to solve our ever increasing financial and political mess. We need to build up and expand our mining infrastructure, extraction and processing capacity and sell more of our resources faster and faster and bring in the extra foreign money to belatedly balance our local budget, dirty joke book”! Continued sustenance of other significant industry is presumably irrelevant or inconsequential? In reality, they don’t care about the residual struggling economy, cause all they want to see, is the fast easy $money and quick $buck fix to their/ our problems. Sadly, their strategy would arrogantly remains the same, even if they knew the rest of Australia’s resulting uncompetitive non mining and resource industries would vulnerably continue down the black hole gurgler. But what’s not fully appreciated is that, apart from the burdensome captive government sector. The weakened, “disposable” non mining sector industries tentatively, riskily employ the majority of Australian workers, and that the already messy splattering, bulk shit! will proverbially “hit the fan” much sooner than they think! Because there
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