Business News Releases

China coal forecast wrong - QRC

THE peak representative body for Queensland’s minerals and energy exporters has rejected claims that China would cut its reliance on coal-fired power in coming decades.

Queensland Resources Council Chief Executive Michael Roche said it was disappointing that economist Professor Ross Garnaut – the author of climate reviews for the Rudd and Gillard governments – was continuing to put ideology ahead of hard data.

"Professor Garnaut is correct in observing that renewable energy is on the rise, but the undisputed fact is that coal produces more than 40 percent of the world's electricity and is forecast to overtake oil as the globe’s largest source of primary energy," Mr Roche said.

"China is the world’s largest consumer of energy with coal meeting almost 70 percent of its requirements, according to the US Energy Information Administration.

"China uses as much coal as the rest of the world combined and the International Energy Agency says it will continue to drive coal demand for the rest of this decade, followed in the 2020s by India and ASEAN countries.

"ASEAN country electricity generation is forecast to grow by more than the current power output of India, and coal is the fuel of choice, accounting for 58 percent of the growth."

Mr Roche cited news reports this week that Qinhuangdao – China’s largest coal port – is set for record deliveries over the next three years as urbanisation boosts demand.

Bloomberg reported that imports of coal through Qinhuangdao are expected to rise by 20-30 million tonnes by 2017, after a peak of 279 million tons in 2011.

"The port, the delivery point for about 40 percent of China’s seaborne coal, is a barometer of the nation’s economy, former Premier Wen Jiabao said in 2008. Gross domestic product rose 7.5 percent in the April-June period from a year earlier, the first acceleration in three quarters," the Bloomberg report says.

"The anti-coal movement in Australia is trying to shut down our second largest export industry and hundreds of thousands of jobs based on two falsehoods," Mr Roche said.

"The first is that global demand for coal is faltering when organisations including the International Energy Agency and their 29-member country forecasters say otherwise.

"The second is that Australia should stop exporting coal when it would be simply purchased from other sources with no net benefit to the environment.

"Coal is here to stay, and to reduce its carbon footprint, low-emission generation technology is the key.

"That’s just not the coal industry talking – it’s the Climate Institute (Australia) and other leading ENGOs," Mr Roche said.

www.qrc.org.au

ends

  • Created on .

ARA congratulates new Australian Payments Council member

PEAK retail industry body the Australian Retailers Association congratulates Dhun Karai, Head of Group Financial Services & General Manager Woolworths Money, on her recent appointment to the Australian Payments Council.

ARA Executive Director Russell Zimmerman said the ARA has worked alongside Ms Karai for many years and looks forward to continuing their positive relationship.

“Ms Karai has been an active member of the Australian Merchant Payments System and has always taken a great interest in payments issues.

“She has always ensured that retailers across Australia are getting the best result possible by working with the sector to ensure outcomes that support retailers.

“On behalf of the ARA I would like to congratulate Ms Karai once more on her new role and I look forward to working alongside her in the future to support the retail industry,” Mr Zimmerman said.

Since 1903, the Australian Retailers Association (ARA) has been the peak industry body representing Australia’s $265 billion retail sector, which employs over 1.2 million people. The ARA ensures retail success by informing, protecting, advocating, educating and saving money for its 5,000 independent and national retail members throughout Australia.

Visit www.retail.org.au or call 1300 368 041.

ends

  • Created on .

Resources sector welcomes river health study results

THE peak advocacy body for the resources sector in Queensland has welcomed a new Fitzroy River health report, which shows most reporting areas remained stable or improved over a 12 month period.

Chief Executive of the Queensland Resources Council (QRC) Michael Roche says the Council is a proud member of the Fitzroy Partnership for River Health partnership, which assesses waterway health for the Nogoa, Isaac, Connors, Dawson and Mackenzie river systems, the Fitzroy River estuary and the Keppel Bay marine environment.

The partnership, including 25 organisations from industry, agriculture, mining, government and communities today released its second report card on the Fitzroy Basis, which gave the Basin a ‘C-fair’ grade for 2011-12, the same overall result as the previous year.

‘Using data from more than 945,000 sample results and the best available science, the second Report has again been a significant undertaking,’ said Mr Roche.

‘These results give the clearest picture of the health of rivers, creeks, the estuary and marine environment in the Basin, and we are committed to contributing to the best source of scientific information available on the health of the waterways help guide their management.

‘The partners have invested almost $600,000 to develop the second report card in which results were again scrutinised by an independent science panel, chaired by Professor Barry Hart.

‘With activist groups constantly publishing information of doubtful quality and rigour, it is important that such independent research is carried out so that we can receive a true picture of river health to ensure that we can carefully balance the needs of industry with maintaining a healthy environment.

‘We look forward to the release of the most up-to-date 2012-13 report card by the end of 2014.'

The full 2011-12 report card, reporting area overviews, detailed datasets, additional information, river stewardship and grading information are all available online at www.riverhealth.org.au.

ends

  • Created on .

Bipartisan commitment to port expansion must be a priority

VICTORIA'S most influential employer organisation, VECCI, has called on both major parties to commit to expediting the Port of Hastings development as Victoria currently risks losing over 15,700 jobs and $1.8 billion in economic benefits due to lack of port capacity.

The Port of Melbourne is due to reach capacity in 2025 and a second deep water facility is needed to be in operation by that date to ensure Victoria retains its status as Australia’s freight and logistics capital.

Once the Port of Melbourne has reached capacity the additional shipping activity could be lost to Sydney and Brisbane.

VECCI chief executive Mark Stone said Victoria risks being left behind by competitor states positioning themselves to accommodate larger ships carrying more than 8,000 containers, which cannot currently be serviced at the Port of Melbourne. Brisbane is currently dredging its port to handle larger ships while the Port of Botany in Sydney recently underwent a major expansion of its container facilities.

Mr Stone said Victorian jobs, trade and investment were too important to lose out to interstate interests if Victoria failed to act in time.

VECCI is a strong supporter of expanding the Port of Hastings which will provide a major benefit to key manufacturing businesses in the south-east of Melbourne and important agribusinesses in Gippsland.

The fact that planning and environmental studies are well progressed also means that the Port of Hastings has a distinct time advantage over alternate sites. This is critically important, given the long lead times involved in delivering new port capacity and associated road and rail transport connections.

The Victorian Employers' Chamber of Commerce and Industry (VECCI) is the peak body for employers in Victoria, informing and servicing more than 15,000 members, customers and clients around the state.

vecci.org.au

ENDS

  • Created on .

Transpacific gradually resumes services

TRANSPACIFIC Industries and its subsidiary Transpacific Cleanaway has this morning announced that it has commenced the gradual resumption of waste management services across Australia and will be fully operational over the next week, following discussions with the regulator.

The resumption follows a decision by the company to ground its entire fleet nationally in response to Monday’s tragic accident in Glen Osmond in South Australia.

Transpacific CEO Robert Boucher said: “We have made a strong commitment to all our employees, customers, communities, and shareholders that we will operate our fleet safely and to the standards which we expect of ourselves.

“I would like to thank all our customers for their understanding and the positive way they responded when we took the decision to ground the entire fleet on Tuesday. We will work tirelessly to clear the back log.”

www.transpac.com.au

ends

  • Created on .

Contact Us

 

PO Box 2144
MANSFIELD QLD 4122