4580 Gladstone businesses have registered interest in working with QGC
In Gladstone?..........Really?............4580 businesses in happyrock?
Quote:
ONE of Gladstone's LNG projects is talking up local job opportunities once it begins operation, in a bid to allay concerns about an end-of-construction slump.
Next year will see 2000 jobs in construction on QCLNG cut to 200 operational workers.
They really are pretty dumb in Gladdy, simple maths is beyond them
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
Anyone who has ever lived in a resource town is familiar with this cycle of boom and bust - for every 10 people it takes to build new mines, plants, export facilties etc during the investment phase, it only takes 1 to run it once the investment phase is complete.
Indeed !spot on !
Not sure who it was but I had a good laugh @ the delusional dick head who tried to derail the thread mentioning all the job losses.
Who was it that posted the other day about the new mine opening in Moranbah? creating 100's of jobs! fuck I had to laugh!
Just reiterating a point often made by myself and others Frank - that mining creates a lot of jobs during the investment phase but then far less in the operational phase....and the resource company agrees.
They might have to work hard to allay concerns after stating that the workforce next year will only be 10% of the size it is this year.
Personally, I'll be happy to see the tide go out on something that has delivered many people here little more than higher costs of living.
Commodity prices advanced after the US Federal Reserve decided not to reduce the pace of monthly bond purchases. The market widely expected the Federal Reserve to announce cuts in stimulus measures after the FOMC meeting concluded on 18 September. The Fed expressed concerns that a sharp rise in borrowing costs in recent months could weigh on the economy. Fed chairman Bernanke refused to commit to a tapering of purchases later this year, as he had previously suggested. US WTI crude oil also lifted after US crude oil inventories fell more than expected last week. Iron ore rose by 0.5% to USD131.70/t (CFR China).
US crude inventories fell by 4.37mmbbl to 355.6mmbbl in the week ending 13 September, above forecasts of a 1.2mmbbl decline. In the same week, US oil production increased 1.1% to a 24-year high of 7.827mb/d, while imports declined by 5.5% to 7.578mb/d. The US refinery utilisation rate remained at 92.5%, above forecasts of 92%.
RUSAL, the world’s largest aluminium producer, plans to cut aluminium output to below 3.8Mt in 2013, after signalling earlier in the year a target between 3.8Mt and 3.9Mt. The company also said that it has already reduced 350ktpa of the 357ktpa of aluminium capacity that it signalled it will shut.
Coalspur Mines plans to start developing its 12Mtpa Vista thermal coal project in Canada in 4Q13 for competition by mid-2015.
Alaska’s state government has asked for the Kenai LNG export facility to reopen after it closed in September 2012.
Southern Copper expects the expansion of its Toquepala copper mine and construction of its 120ktpa Tia Maria copper project to be complete by 2016. Both Peruvian projects have been delayed repeatedly because of local opposition and lengthy permitting delays.
Atlas Iron said it remains on track to produce 10Mtpa of iron ore by the end of the month.
Just reiterating a point often made by myself and others Frank - that mining creates a lot of jobs during the investment phase but then far less in the operational phase....and the resource company agrees.
They might have to work hard to allay concerns after stating that the workforce next year will only be 10% of the size it is this year.
Personally, I'll be happy to see the tide go out on something that has delivered many people here little more than higher costs of living.
you just make shit up. theres no 10:1 ratio on mining construction. show me a hard figure.
I am the love child of Tony Abbott and Pauline Hanson
you just make shit up. theres no 10:1 ratio on mining construction. show me a hard figure.
I looked into this about a month ago based on a conversation with lefty.
The fact is it varies hugely. It looks like it might be as low as 2:1 for coal mines, but 10:1 is probably pretty-much on the money for things like processing plants.
The truth will set you free. But first, it will piss you off. --Gloria Steinem AREPS™
I looked into this about a month ago based on a conversation with lefty.
The fact is it varies hugely. It looks like it might be as low as 2:1 for coal mines, but 10:1 is probably pretty-much on the money for things like processing plants.
i would believe it for lng. but he isnt talking about lng....
I am the love child of Tony Abbott and Pauline Hanson
Federation of Indian Mineral Industries (FIMI) estimates that India’s iron ore production could fall ~30% y/y to less than 100Mt in FY14 (ending 31 March 2014). A mining ban in India’s state of Goa, delays in reopening mines in Karnataka and a production cap of 57Mtpa in Odisha have limited iron ore production. FIMI also expects India will export a maximum of 8Mt of iron ore in FY14, with all the output coming from India’s eastern states.
Base and precious metals continued to rise on the Federal Open Market Committee's (FOMC) announcement on 18 September that the Federal Reserve will continue monthly debt purchases. Crude oil benchmarks fell as Libya’s oil ministry anticipates stronger crude oil output after the El Feel and Sharara oil fields reopened. Oil prices fell on lower geopolitical risks in the Middle East after Syria’s president said he will provide international inspectors with access to chemical weapon facilities. Iron ore rose by 0.1% to 131.80/t (CFR China).
BHP Billiton said that Papua New Guinea’s decision to try to make the company liable for environmental damage caused by its Ok Tedi copper mine, despite exchanging shareholding for legal immunity over a decade ago, raises the nation’s sovereign risk.
Japan’s LNG imports declined 1.8% y/y to 7.25Mt in August.
India’s coal imports could hit a record 165Mt in the year ending 31 March 2014, which could be aided as Coal India may issue its first import tender in October as it fails to produce enough thermal coal for domestic consumption.
Aneka Tambang expects to commission Indonesia’s first chemical grade alumina plant by late October. The plant is expected to produce 300ktpa of alumina.
US Henry Hub natural gas prices fell after US natural gas inventories rose by 46bcf last week, below forecasts of a 55bcf increase.
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