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Fuel costlier than carbon tax, says Qantas chief

July 28th, 2011

AUBJ – July 27 –Escalating fuel price will have a greater impact on air travel than the Federal Government’s planned carbon tax, claimed Qantas chief executive Alan Joyce. Qantas has repeatedly said that it plans to pass the cost of the carbon tax onto customers, but the firm was adamant that … Read More

Resource boom will lead to bust, claims fund manager

July 28th, 2011

AUBJ – July 27 –The booming Australian resources sector is a bubble waiting to burst, a leading fund manager has claimed. Simon Marais, managing director of investment management firm Orbis Australia, said: “It’s been so good for so long, and commodities are called commodities because for th… Read More

Next generation of sandwich eaters could be lost

July 27th, 2011

AUBJ – July 27 – Sandwich consumption has dropped 19 per cent over the last nine months among consumers aged 18-24 years, accorded to research carried out by the NPD Group’s CREST service. The news has led to a warning by The Australasian Sandwich Association (ASA) that the local foodservice i… Read More

Queensland warned of potential credit rating downgrade

July 27th, 2011

AUBJ – July 27 – Credit ratings agency Fitch Ratings has revised its outlook for Queensland to negative and has warned of a potential downgrade if the state does not act to limit the growth of its debt. Despite the state’s booming coal mining sector Fitch noted that its growth was slow across … Read More

Lift off for Xstrata underground project

July 27th, 2011

AUBJ – July 27 – Swiss mining giant Xstrata Zinc has begun construction on its A$246 million Lady Loretta zinc, lead and silver underground mine. The mine, located in 140 kilometres north Xstrata’s Mount Isa operations in Queensland, has been scheduled to be in production by the end of 2013. W… Read More

Mining banned in Alkaroola

July 25th, 2011

AUBJ – July 25 –Mining in the South Australian wilderness of Arkaroola has been banned by state premier Mike Rann in a move praised by the Greens. Greens MP Mark Parnell said: “We are delighted that the Government has now agreed that Arkaroola is too precious to mine. “I congratulate the Pre… Read More

Cattle farm sold to mining giant

July 25th, 2011

AUBJ – July 25 –A Queensland farm used to breed wagyu cattle is to be sold to mining company Xstrata in a deal worth more than A$21 million. The deal agreed with the Australian Agricultural Company (ACC) for the 17,474-hectare pastoral farm, will mean that the mining giant will own all the land … Read More

Construction sector struggling in Queensland

July 25th, 2011

AUBJ – July 25 –The construction sector in Queensland has slowed to a crawl, according to the results of a survey by the Master Builders Association (MBA). MBA spokesman Paul Bidwell remarked that predictions of a building boom after the floods were not accurate. Bidwell said: “There is nowher… Read More

Tiger’s roaring return to the skies delayed

July 22nd, 2011

AUBJ – July 22 – Tiger Airways Australia will have to wait until the end of next week to find out if it will be able to take to the skies again following its month-long suspension by the air safety regulator. The airline was forced to ground its fleet when until August 1 after the Civil […]… Read More

Opposition claims farmers will suffer from carbon tax

July 22nd, 2011

AUBJ – July 22 – Farmers will be forced to deal with the higher costs of food processing generated by the carbon tax, claim the Federal Opposition. In its latest attack on the government’s introduction of the tax, shadow agriculture minister John Cobb said that dairy processor Murray-Goulburn … Read More

Government’s economic handing criticised by business leaders

July 22nd, 2011

AUBJ – July 22 – A selection of the country’s top business leaders have criticised the Gillard government’s handling of the economy. Speaking to delegates at The Australian-Deutsche Bank Business Leaders Forum in Melbourne, Transurban and future Westpac chairman Lindsay Maxsted said that the… Read More

Kangaroo market wants to bounce back into Russia

July 20th, 2011

AUBJ – July 20 – Australia’s kangaroo industry has called on the Federal Government to renew negotiations with Russia so that kangaroo meat can once again be exported to the country. Russia banned the import of Australian kangaroo meat two years ago after citing food safety concerns regarding … Read More

‘Change is tough’ says Qantas boss

July 20th, 2011

AUBJ – July 20 – The restructuring of Qantas International, set to get underway next month, will lead to the start of a tough transformation of the airline in the coming years, chief executive Alan Joyce has warned. Joyce said: “Change is always tough, but the competitive challenges we face ma… Read More

Gillard tells miners their future is secure

July 20th, 2011

AUBJ – July 20 – Prime Minister Julia Gillard has once again assured workers and employers from across the resource sector that the government’s carbon tax will not damage jobs or exports. Speaking to coalminers in New South Wales on Tuesday, Gillard said that workers could be sure they would … Read More

Minister hits out at coal group’s carbon tax campaign

July 19th, 2011

AUBJ – July 19 – Greg Combet, Australia’s minister for climate change, has hit out at the Australian Coal Association (ACA) by accusing it of attempting to frighten workers and regional communities through a series of regional adverts that criticise the carbon tax. Combet said: “The ACA’s … Read More

Immigration laws amendments to solve skilled worker shortage

July 19th, 2011

AUBJ – July 19 – Australia is set to adjust its immigration laws as it looks to plug the skills gap in Western Australia’s resource sector. The government plans to bring more workers from overseas through changes to immigration laws that would make it easier for employers to get semi-skilled w… Read More