Tag Archives: adani

Qld economy needs pick up in private sector investment

According to the latest National Accounts released by the ABS last week, private sector investment spending fell in Queensland over the March quarter (in seasonally adjusted terms) and State Final Demand would have fallen as well, if it were not … Continue reading

Posted in Macroeconomy, Mining, Uncategorized | Tagged , , , , , , , , | Leave a comment

On mega mine, Qld Government should avoid taking equity risk for just a return on debt

Financial journalist Trevor Sykes would frequently point out that the problem with lending to highly-leveraged companies is that you can effectively take on equity risk while only receiving a return on debt. The Queensland Government needs to avoid this risk … Continue reading

Posted in Mining, Uncategorized | Tagged , , , , , , , | 6 Comments

Adani no go would be bitter blow to Townsville

Townsville Mayor Jenny Hill is one of the strongest advocates for the Adani mega mine, and she must now be very worried that the mine will not proceed, and that Townsville will miss out on the mine HQ, FIFO jobs, … Continue reading

Posted in Mining, Townsville, Uncategorized | Tagged , , , , , , , , | 5 Comments

Pros and cons of a $300M royalties holiday for the Adani mega mine

The acrimonious political debate on the proposed Adani mega mine (see Brisbane Times coverage) would be well informed by a number of economic policy considerations that I discuss below. Some of these, but not all, would lend support to a … Continue reading

Posted in Mining, Uncategorized | Tagged , , , , , , , , | 4 Comments

NAIF $900M loan to Adani for mega-mine rail line is far from a first best solution, possibly second or third best

As a former Treasury official and long-time critic of industry assistance, I’m sympathetic to the Federal Opposition’s criticism of the expected $900 million soft loan from the Northern Australia Infrastructure Facility (NAIF) to Adani for the rail line to its … Continue reading

Posted in Infrastructure, Mining, Uncategorized | Tagged , , , , , | 5 Comments

Selling QIC highly desirable and would avoid allegations of political interference regarding mega mine infrastructure

First, my thoughts and prayers are with the people of North Queensland as they wake up to the devastation from Cyclone Debbie. In his extraordinary eulogy for Marie Antoinette, the Anglo-Irish statesman Edmund Burke lamented that the French Queen had … Continue reading

Posted in North Queensland, Queensland Government, Uncategorized | Tagged , , , , , , , | Leave a comment

Why the Adani mega mine is welcome news in Townsville

It is welcome news to the local community that Adani will base its Carmichael coal mine headquarters in Townsville , which has struggled with job losses and high unemployment over the last couple of years. The Townsville Bulletin reports: “Townsville … Continue reading

Posted in Mining, North Queensland, Townsville, Uncategorized | Tagged , , , , , , , , , , | 3 Comments

Great news about Abbot Point expansion given need for royalties and boost to mining & Qld economy

I was very pleased to see the announcement about the Abbot Point expansion going ahead yesterday, given the boost it will provide to Queensland’s ailing mining industry (see chart below), royalties revenue for the Government, and the Queensland economy. North … Continue reading

Posted in Mining | Tagged , , , , , , , | 7 Comments

2014 wrap up – Qld Govt excelled on budget management, but Adani & Tatts deals questionable

The Queensland Government’s major economic policy achievements in 2014 included: strong budget management, particularly through expenditure restraint, with the Mid Year Fiscal and Economic Review reporting that expenses in 2014-15 are expected to now be $720 million lower than budget … Continue reading

Posted in Budget, Mining | Tagged , , , , , , , , , , , , , , , , | Leave a comment