Developments/Projects in SA

[heater31]

has anybody in SA got their future hanging on Roxby Downs? Rumoured that it may not be decided on for at least 18 months. Are you there Ashman? Any ideas ? The facts are, Roxby expansion will happen when the world economy warrants it. When that will be , well get an economist to tell you.

Already started the prep work for the Olympic Dam Expansion. So it must be at least a 75% of a goer if they are going to burn money doing the preliminary works before final approval going ahead.

[White Line Fever]

Gotta admit I've been hearing the rumours roxby is gonna be put on hold.

I hope not though.

And one more issue is that it seems there is a lot of interstate companies being awarded contracts over here at the moment...

[Ron Burgundy]

http://www.smh.com.au/business/bhp-mega ... z1wIJJP9wh

BHP mega projects put on hold.

[gossipgirl]

latest rumour roxby downs to be sold to China

[Bully]

still everyone crying over the oval redevelopment.

FFS get over it, the buildings have come down. So to the silverspooners in north adelaide.......sorry, but your view of the trees and water in the river will be no longer

[heater31]

still everyone crying over the oval redevelopment.

FFS get over it, the buildings have come down. So to the silverspooners in north adelaide.......sorry, but your view of the trees and water in the river will be no longer

I almost vomited when I saw the front page of the newspaper the other day. We are spending half a billion on that half arsed project yet the state has debt spiraling out of control. Does the SA government use the same financial advisors as Greece and Spain?

[Bully]

http://www.adelaidenow.com.au/ipad/a-24 ... 6381460618

This will be a broken promise project seen as the state is in debt (according to the budget mid week).

[Bully]

http://www.adelaidenow.com.au/real-esta ... 6381993461

another by the looks failed project, something about the developer wants to add more levels on the original designed plan. ANd if you read the article, you will see a plan for a 13 level office block was rejected by the adelaide city council for being "too High" .. whenever that was

13 stories - is too high for the adelaide city council....what a friggen joke!!

[Bully]

http://www.adelaidenow.com.au/pressure- ... 6383986648

toll roads maybe intro to SA

[overloaded]

BHP are going ahead, heard it first hand, in their boardroom.
Do you really think the state government will knock back a $1.1 trillion project?

Whats the latest fromt the BHP boardroom Ashman?

[Agile]

BHP are going ahead, heard it first hand, in their boardroom.
Do you really think the state government will knock back a $1.1 trillion project?

Whats the latest fromt the BHP boardroom Ashman?

And now we hear that a go ahead from BHP is at least two years away. Possibly longer. Thoughts Ashman?

[Psyber]

The state government has a development plan for when there is no development..
Jack Snelling was on radio today talking about phasing out Stamp Duty and phasing in an annual Land tax on residential properties.
(The government can control and predict the income from a Land Tax, by adjusting the rate, whereas S/Duty can be controlled by tax payers in hard times by choosing not the buy.)

He did suggest a "Commonwealth solution" may be a better option.
Are we being prepared for the debt-ridden states to support increasing the GST?

[Alaska]

The state government has a development plan for when there is no development..
Jack Snelling was on radio today talking about phasing out Stamp Duty and phasing in an annual Land tax on residential properties.
(The government can control and predict the income from a Land Tax, by adjusting the rate, whereas S/Duty can be controlled by tax payers in hard times by choosing not the buy.)

He did suggest a "Commonwealth solution" may be a better option.
Are we being prepared for the debt-ridden states to support increasing the GST?

I think the punter can afford a modest rise to a 12 percent GST and that gives them the choice of buyer pays (if you don’t spend you don’t pay the tax). Of course essential items should be added to the exemption list, clothes, ipod, iphone, ipad, etc.

[Psyber]

I think the punter can afford a modest rise to a 12 percent GST and that gives them the choice of buyer pays (if you don’t spend you don’t pay the tax). Of course essential items should be added to the exemption list, clothes, ipod, iphone, ipad, etc.

English VAT is 17.5% and not included in the advertised price so you have to remember to add it in your head.
Is this where we are going??

I don't know whether anything is exempted there.

That would give the debt-ridden governments here more room to buy votes next election.

[CENTURION]

all these imposts are just going to create more bartering & "black money."

[Psyber]

all these imposts are just going to create more bartering & "black money."

All the local tradies here are looking for cash these days, and tend not to take the job if you can't oblige.

[dedja]

Olympic Dam expansion deferred ... not unexpected

http://www.adelaidenow.com.au/bhp-cance ... 6455884519

BHP Billiton has shelved its $US20 billion Olympic Dam expansion and will go back to the drawing board to find a cheaper alternative.

Market conditions, subdued commodity prices and higher capital costs led to the decision, said chief executive Marius Kloppers in a statement.

"As we finalised the details of the project ... it became clear that the right decision for the company and its shareholders was to continue studies to develop a less capital-intensive option to replace the underground mine at Olympic Dam," Mr Kloppers said.

"Value is always our primary consideration. We believe today's decision reflects an appropriate, prudent and disciplined course of action."

The news came as BHP Billiton announced a 21 per cent fall in annual profit of $US17.1 billion.

The global miner has written down $US242 million on the project this financial year as rumours circulated today that 100 Adelaide-based staff working the project would lose their jobs.

But it doesn't mean the end of the project, Mr Kloppers said.

"The long-term outlook for the copper market remains strong and we will continue to work closely with all stakeholders as we refine our longer term development plans for this unique, world-class ore body.

"We want to find the right solution to unlock this resource."

[scoob]

Olympic Dam expansion deferred ... not unexpected

http://www.adelaidenow.com.au/bhp-cance ... 6455884519

BHP Billiton has shelved its $US20 billion Olympic Dam expansion and will go back to the drawing board to find a cheaper alternative.

Market conditions, subdued commodity prices and higher capital costs led to the decision, said chief executive Marius Kloppers in a statement.

"As we finalised the details of the project ... it became clear that the right decision for the company and its shareholders was to continue studies to develop a less capital-intensive option to replace the underground mine at Olympic Dam," Mr Kloppers said.

"Value is always our primary consideration. We believe today's decision reflects an appropriate, prudent and disciplined course of action."

The news came as BHP Billiton announced a 21 per cent fall in annual profit of $US17.1 billion.

The global miner has written down $US242 million on the project this financial year as rumours circulated today that 100 Adelaide-based staff working the project would lose their jobs.

But it doesn't mean the end of the project, Mr Kloppers said.

"The long-term outlook for the copper market remains strong and we will continue to work closely with all stakeholders as we refine our longer term development plans for this unique, world-class ore body.

"We want to find the right solution to unlock this resource."

Where is Media Mike's smug smile now?

[heater31]

And people say there is nothing wrong with our economy......

[dedja]

it's no so much 'our' economy, it's the world commodity prices, in particular copper that forced this decision I suspect.

The ore is not going anywhere so why not expand at a time and at a prudent cost to maximise return.