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Thursday 17th May, 2012

  • GE strikes deal to acquire two mining equipment firms

      GE strikes deal to acquire two mining equipment firms

    Australian News.Net

    NEW YORK - Diversified US conglomerate General Electric (GE) is in the process of acquiring two underground mining equipment manufacturers Australia-based Industrea Limited and US-based Fairchild ...

    • Australia's CBA on track for bumper annual profits

    West Australian

    Sydney, May 17, 2012 (AFP) - - Australia's largest lender Commonwealth Bank Thursday posted below forecast results for its fiscal third quarter, but remains on track for bumper annual profits ...

    • Australian Stocks Down 2.2 Per Cent in Global Rout

    MENAFN

    (MENAFN - Qatar News Agency) Australian stocks shed 2.2 per cent Wednesday as investors responded to the political upheavals in Europe and fled risk. The ASX 200 lost 100 points, or 2.2 per cent, to ...

  • 'A World Without Petrol' art exhibition launches in Sydney

    Arabian Business

    A petrol bowser fashioned into a fountain is seen as part of the 'A World Without Petrol' art exhibition at Customs House on May 17, 2012 in Sydney, Australia. Designed by Australian ...

  • Govt to bailout Forestry Tasmania

    ABC Australia

    TAS The Tasmanian Government will spend $110 million over four years bailing out Forestry Tasmania as it determines how the Government business enterprise should look in the future.Budget papers ...

  • Ashby complains of victimisation

    Sydney Morning Herald

    Foreign Affairs Minister Bob Carr and Nationals senator Barnaby Joyce have been accused of victimisation by lawyers acting for Speaker Peter Slipper's staffer James Ashby. Mr Ashby has ...

  • Tigers aim to handle AFL hype

    Sydney Morning Herald

    Richmond want to show they can handle the hype as well as blunt Essendon's hot form on Saturday night at the AFL Dreamtime At The `G clash. The match is the highlight of the league's ...

  • Legal hitch could hit Thomson case

    Sydney Morning Herald

    The Craig Thomson case is unlikely to reach a conclusion before the 2013 election and could even end up in the High Court, an industrial law expert says. The suggestion coincides with the NSW ...

  • HSUeast admin case set for May hearing

    Sydney Morning Herald

    The NSW Industrial Court has agreed to hear an application to place the troubled HSUeast into administration as a matter of urgency. Justice Roger Boland accepted a submission by the NSW-registered ...

  • Boart Longyear hasn't seen mining drop

    Sydney Morning Herald

    The head of mining products company Boart Longyear has disputed claims by BHP Billiton that commodity price falls and global economic uncertainty are causing miners to scale back. Chief executive ...

  • Tasmania dips into debt

    Sydney Morning Herald

    Tasmania will fall into net debt, borrowing to pay its bills, as the smallest state battles sluggish economic growth running close to recession. The Premier and Treasurer, Lara Giddings, today ...

  • Force aim to keep Beale quiet

    Sydney Morning Herald

    The Western Force will attempt to dent the confidence of Melbourne Rebels playmaker Kurtley Beale in Sunday's Super Rugby clash in Perth. Beale played a key role in last week's upset ...

  • Dr Victor Chang's murderer to go home

    Sydney Morning Herald

    More than twenty years after renowned Sydney heart surgeon Victor Chang was killed, the man who shot him is set to be released and returned to his home country. The NSW State Parole Authority met ...

  • Sheens still searches for Tigers NRL spine

    Sydney Morning Herald

    Just 10 rounds into the NRL campaign, the Wests Tigers admit they are still yet to find the right winning formula with coach Tim Sheens tinkering with his 'spine' for the seventh time this ...

  • Star keen to move on from Vaikunta saga

    Sydney Morning Herald

    The owners of Sydney's The Star casino say they want to put behind them the sexual harassment scandal involving the casino's former boss Sid Vaikunta. The head of the NSW gambling ...

  • $A rises after Fed hints about stimulus

    Sydney Morning Herald

    Commonwealth Bank currency strategist Joseph Capurso said the Australian dollar strengthened after the US Fed overnight released the minutes of its April 24/25 policy meeting. The minutes showed ...

  • Star report 'has no impact' on Packer bid

    News.com.au

    A REPORT clearing Sydney casino The Star of any wrongdoing over its investigation of sex harassment claims is unlikely to stop James Packer's push to buy its owner Echo ...

  • Man in Sydney bushland 'probably murdered'

    News.com.au

    Deputy State Coroner Hugh Dillon said he was unable to establish how, when or where David Fraser died, but an examining pathologist believed his body had been moved into a face-down position after ...

  • ACTU congress slams BHP on safety record

    News.com.au

    THE ACTU congress has condemned BHP Billiton's safety record after company chairman Jac Nasser slammed Australian labour laws for being too ...

  • Wounded soldiers return to Australia

    News.com.au

    TWO Australian special forces soldiers wounded by an insurgent bomb blast have returned to Australia for further medical ...

  • Missing woman Kristy Webb found safe

    perthnow

    Kristy Webb, 37, vanished after leaving her apartment on May 8 without her car or mobile phone.Her father Graham Webb yesterday made a public appeal for information about his daughter's ...

  • 90-year-old woman robbed at home

    News.com.au

    MEET THE NEW WIGGLE - A WOMAN MAJOR shake-up of the children's entertainers sees the yellow skivvy go to 20-year-old back-up dancer Emma Watkins and everyone but Anthony say bye bye by the end ...

  • Australia set to be No 1 in LNG: Exxon

    The West Australian

    Australia should be the world's biggest exporter of liquefied natural gas by the end of the decade, says the vice president of the world's biggest petroleum company.The emergence of ...

  • Sydney Airport says it has enough space

    Yahoo!7 News

    Sydney Airport chiefs insist it has ample capacity to cope with any rise in passenger numbers and there is no need for a second airport on the city's ...

  • BHP chairman lashes 'high cost' Australia

    Yahoo!7 News

    The chairman of BHP Billiton says the company's Australian operations are facing pressure from high production costs, difficult industrial relations, high taxes and global instability.In a ...

  • Purple, Red and Yellow Wiggles leaving Aussie band

    Tampa Bay Online

    SYDNEY (AP) -- Three members of the world-famous preschool quartet The Wiggles will be hanging up their colorful outfits and leaving the Australian band this year, with the Blue Wiggle the lone ...

  • Australian foreign minister rebuked in Beijing over US military deal

    wsws.org

    Australian Foreign Minister Bob Carr this week made his first official visit to China, holding several meetings with senior government and military figures in Beijing on May 13-15. Chinese officials ...

  • Australia s Wiggles flag major changes to line-up

    Times of Oman

    Australia: Renowned Australian children's entertainers The Wiggles on Thursday flagged major changes to their line-up, with some members of the veteran group likely to retire, reports said.The ...

  • Orioles win again, Dodgers hit the skids

    sportal.com.au

    The Los Angeles Dodgers racked up back-to-back losses in MLB on Wednesday, while the Baltimore Orioles won a 15-inning thriller.The Dodgers suffered a 4-2 loss to the San Diego Padres, with both of ...

  • Devils down Rangers to level series

    sportal.com.au

    The New Jersey Devils squared their NHL Eastern Conference final series with the New York Rangers at 1-1 thanks to a 3-2 win on Wednesday.The Devils silenced the crowd at Madison Square Garden 13 ...

  • Aussies divided on Mladic's trial

    SBS

    Ratko Mladic's trial in the Hague has divided views among Balkan communities in Australia, but they agree it will neither resolve the tensions, nor ease the dreadful memories left by the ...

  • Swiss company to benefit from Perth mines with new steel mesh facility

    Manufacturers Monthly

    Geobrugg general manager for Australia, Roland Bucher, said the strength and corrosion-resistant properties of the company’s range of high-tensile wire mesh products (DELTAX, TECCO and SPIDER) ...

  • Japan to pay US$4.4 billion for 10% stake in Australian gas field

    The China Post

    TOKYO -- Japan's government and several major firms are to buy a 10-percent stake in an Australian natural gas field as the country seeks alternatives to atomic power, a spokeswoman for one of ...

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Australia the energy superpower?


Australia the energy superpower?

A new boom in the extraction of Australia's natural gas reserves will have immense economic benefits for the country and especially the state of Western Australia, but conservationists warn of an environmental impact.

Australia is a country rich in natural resources, because of this its economy is an export driven one, and coal, iron ore, wool, meat, gold, and wheat are some of its main exports. It was in the 1920’s that Australia’s economic potential was underpinned by the gold rush that saw its population triple in size in just ten years.

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