Chinese buying big in Australian agribusiness

CHINA’S investment in Australian agribusiness has tripled in just one year as China strives to meet rising demand for high-quality food among its growing middle class. In 2016, Chinese companies invested $1.2 billion in Australian agribusiness, three times the investment of $375 million in 2015, shows a report form financial services provider KPMG and the…

Native title amendment the final hurdle for Adani megamine

THE Adani megamine is expected to be signed and sealed within a fortnight and the first of up to 600 workers will start to fill its Townsville office next month. The company is in the final phase of its negotiations and approvals. The last stumbling block is whether Labor will support the native title amendments…

What Chinese are buying in Australia

THE Chinese continue to pour money into Australian businesses, infrastructure, resources and real estate to the tune of $15.36 billion in 2016. The figure is the highest it’s been since 2008 when Chinese direct investment reached its peak of $21.6 billion, according to a report from KPMG and the University of Sydney. Commercial real estate…

Chinese investment is at the highest levels since the GFC.

Chinese investment in Australia has reached the highest level since the global financial crisis (GFC), up 12 per cent from 2015 to $15.4 billion last year. A new report from Sydney University and accounting firm KPMG found a record 103 deals were signed between Chinese and Australian companies in 2016. But the annual report, Demystifying…

Malcolm Turnbull tells Adani native title issues will be ‘fixed’

Prime Minister Malcolm Turnbull has assured senior executives from Adani that native title issues threatening the Indian multinational’s proposed $21 billion Carmichael coal mine in Queensland’s Galilee Basin will be fixed.In a private meeting in New Delhi overnight Tuesday between the Prime Minister, Gautam Adani and his top executives, Mr Adani expressed concern at a…

Adani mine granted unlimited water access 

The proposed Adani coal mine has been granted unlimited access to groundwater by the Queensland government in a move farmers fear would allow it to drain huge amounts of water from the Great Artesian Basin. According to a copy of Adani’s water licence obtained by Fairfax Media, the $16 billion Carmichael mine merely needs to…

Adani mine granted unlimited water: to impact Great Artesian Basin 

The proposed Adani coal mine has been granted unlimited access to groundwater by the Queensland government in a move farmers fear would allow it to drain huge amounts of water from the Great Artesian Basin. According to a copy of Adani’s water licence obtained by Fairfax Media, the $16 billion Carmichael mine merely needs to…

Chinese company lined-up to build $6b Balla Balla project

The company behind a proposed $6 billion iron ore project in the Pilbara has signed an agreement with a Chinese company to build the port and rail component.BBI Group announced today it had signed a memorandum of understanding (MoU) with China State Construction Engineering Corporation (CSCEC) to build the infrastructure for the Balla Balla project,…

Chinese naval ships close to Australia? ‘Get used to it’, experts warn

Chinese warships have carried out naval drills in Australia’s maritime backyard for the third time in three years in a move that experts say strengthens the case for greater co-operation with Indonesia. China’s state media have reported that two missile destroyers and a supply ship conducted combat exercises during a 25-day voyage that took them…

Aussies accepting farm sales to China,   claims Australia-China Relations 

Australians are not as opposed to Chinese investors buying local farms and agricultural assets as often claimed, the Australia-China Relations Institute said. Institute deputy director James Laurenceson said a survey by the group showed the Australian public was more nuanced and sophisticated about the benefits and disadvantages of greater foreign investment in agriculture by Chinese…

Gina appoints former NT chief Adam Giles for new pastoral position  

Australia’s richest business woman Gina Rinehart is to have a presence in Darwin and former Chief Minister Adam Giles will be it.Mr Giles has been appointed the General Manager of External Affairs Pastoral for Australia and he will be basing himself in Darwin. The business presence of Ms Rinehart in Darwin has been welcomed by…

China’s need for land is ‘mind boggling’

China’s hunger for Australian agricultural land only the beginning The conditional $371 million purchase of Australia’s largest land holder S. Kidman & Co by China’s Dakang is the beginning of an ambitious plan by the country to secure more agricultural land and feed its population.   China was Australia’s largest source of foreign investment in…