The boss of Glencorp's Townsville copper refinery and Mount Isa copper smelter has warned the security of its North Queensland operation is under threat due to the skyrocketing prices of energy across Australia, forcing the closure of its manufacturing business within 12 months. Unless drastic action is taken by the federal and state
Month: May 2017
Adani coal mine saved from brink of Green destruction
Breaking news The chairman of Adani Group, Mr Gautam Adani has released a statement expressing his thanks to the Premier Anastasia Palaszczuk, Prime Minister Malcolm Turnbull and members of the State for their support, as the royalties deal with the Queensland government for the Carmichael coal mine was saved from the
Wide load alert for $193m Port expansion in Townsville
The first stage of the planned $1.64 billion Townsville Port expansion has been submitted to the State Government for environmental approvals, releasing $193m of economic impact on the City and creating a wide load alert in the Northern Australian port. Ships the size of three football fields will be able to access the Port
Cruise ship birth for boarding passengers in Townsville
Townsville's Port Authority and P&O Cruises Australia have announced the Townsville Port will see passengers boarding cruise ships in the City for the first time in its 104 year history. P&Os Pacific Eden cruise ship will be the first to complete partial ship turnarounds at the Townsville Port next year. Port of Townsville Limited CEO Ranee
“Future Cities Office” structure threatens Townsville Enterprise standing
Townsville City Council (TCC) Mayor Jenny Hill's, Chief Executive Officer, Adele Young's headline announcement axing 144 positions in the proposed restructure of Council has set the foundation for the establishment of a Future Cities Office, while exacerbating doubts about the strategic viability of Townsville Enterprise (TEL) as an economic value-add
Turnbull federal budget could wipe out Townsville property owners
The Turnbull-Morrison federal budget could wipe out many property owners who are hanging on to their investment properties in the Townsville district by the skin of their teeth, enduring sustained cash flow and equity declines over the past 5 years. Not to mention the property owners (investors and owner-occupiers) whose fate
Guide to selling a luxury home
What it takes to sell a luxury home Sellers want to get things right considering the value of the luxury home. Often worth millions of dollars, these homes are substantial investments. Putting forward a positive vision of the property is the all important aim because there are fewer luxury homes out
Townsville governance organisation structures damaging to investment pipeline
Townsville Enterprise acting vicariously for the Townsville City Council is boasting about the significant economic stimulation that the Adani project, rail and port upgrades, military deal with Singapore, solar energy projects, stadium project and the "Smart City Deal" are going to inject into the local economy. Although a noticeable inflow of
Botched media coverage or Turnbull spin?; negative gearing in federal budget
Now that the fine print of the Turnbull-Morrison federal budget has been digested, the real extent of the damage likely to impact property investors can be brought to light for full consideration. Even though the Turnbull government must negotiate the Federal Budget Bill through the Senate, the nominal federal budget measures
Family-owned local building company in liquidation after 30 years servicing North Queensland
Liquidators have moved on another long-standing Townsville family-owned business that has been manufacturing, supplying and installing building products for 30 years after collapsing with close to $2 million in debts. Nu-lite Glass and Aluminium has been experiencing significant reductions in business activity and increased competition, causing a dramatic reduction in the