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  • Who will secure our energy future? | Business Spectator
    we achieve a five per cent reduction in emissions from 2000 levels in 2020 or two per cent or 10 per cent Globally emissions will continue to rise and it is the global contribution that matters in terms of the impact on planetary warming through human agency What real life requires us to do is to ensure that our energy developments over the next six years lay the platform for secure and reliable supply over the next 10 15 years provide energy at a cost level that does not impose hardship on those who cannot afford expensive supply and at a price that enables local business to compete internationally and contribute to national carbon abatement In the electricity sector working to deliver a more diverse portfolio of generation resources for the 2020s while avoiding unnecessary costs for consumers is a key to government stewardship What the Rudd Gillard Rudd governments and the Howard government before them failed to deliver is a comprehensive and cohesive energy strategy that identifies and prioritises goals ensures consumers are equipped to manage their energy use through price signals and is technology neutral All of this needs to be backed by a regulatory approvals process for energy that is trustworthy for the community and investors transparent and not subject to kneejerk political tweaks to respond to issues of the day It needs to be set in a market environment where governments are not both arbiters of policy and regulation and owners of assets where prices are not subject to political whims and where consumers are provided with both the tools metering technologically cost reflective prices and the information they need to make best use of energy The Coalition has not set out its energy platform in this election campaign with anything like the necessary clarity and under it the greatest danger the country faces in this area is not whether we achieve a five per cent emissions cut in 2020 but whether a new government continues to muddle through rather than cut through to present a workable durable energy policy It is also a fact that the Rudd Gillard Rudd governments have not done nearly enough to deliver this approach and that nothing the Prime Minister has said in the past month suggests he even understands the issue As for the Greens who seek to dictate policy by holding a blocking role in the Senate their complete lack of understanding of the real issues and their other worldly proposals for and against energy development dictate that they should be shunned by anyone who thinks this issue is one of the key challenges for good government If by some quirk of fate I was to become the czar of energy policy after Saturday I would do three things instruct the Productivity Commission to produce a comprehensive assessment of the situation bring on a full blown federal parliamentary debate on the report and on how the government proposes to implement its recommendations and hold a special Council of

    Original URL path: http://www.businessspectator.com.au/article/2013/9/4/industries/who-will-secure-our-energy-future (2014-01-12)
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  • Factories power down and the energy sector’s troubled | Business Spectator
    system The association in its yearbook overview comments that the future remains uncertain for the energy supply sector which seems something of an understatement given the policy turmoil the state of manufacturing the biggest single electricity demand sector and general doubt regarding the national economic outlook While the ESAA doesn t draw this parallel a manufacturing sector that faces a substantial decline in gas consumption down from 332 petajoules in 2011 12 to a forecast 271 PJ in 2021 22 is also unlikely to be boosting its requirements for electricity Green persons like to play up the recent importance of issues like rooftop solar panels today still accounting for a miniscule amount of residential power despite being on a million roofs but it s hard to escape the fact that factories have been the engine room of Australian electricity consumption growth since the Whitlam years Before the GFC struck manufacturing s demand growth from 1973 74 had reached 175 per cent while all electricity requirements had risen 245 per cent And it needs to be kept in mind that the engine room s heft was extended by manufacturing s impact on its goods and services providers across the board with the whole shebang along with the resources boom percolating into householders greater wealth and purchases of power thirsty appliances The new ESAA yearbook shows that east coast business demand overall was some 1400 GWh lower in 2011 12 than in 2010 11 the publication s data set has a one year lag compared with an average business sector annual increase over 15 years to 2008 09 of 3033 GWh One of the most famous Australian newspaper cartoons of all time is by Stan Cross Drawn in 1933 it shows two guys on a collapsing building scaffold with the bottom one clinging to the top one s trouser leg and his braces stretching to breaking point The bottom guy is yelling The bottom guy is yelling For gorsake stop laughing This is serious This is pretty well the message that can be drawn from the ESAA yearbook and of course it is far more than a signal for electricity generators networks and retailers The association says in its overview After a generation of almost uninterrupted demand growth in Australia the past five years have seen a levelling and then sustained falls It is entirely feasible to expect flat demand or further falls for much of the rest of the decade if not longer The numbers in ESAA s power load forecast add some further shade to this picture For the east coast they project generation crawling up by just on 3000 GWh a year from now to 2021 22 and half of that being contributed by Queensland thanks to the needs of resource development in the main No doubt the crystal ball gazers in the large energy supply businesses are peering closely at this and their senior executives and board members are thinking long and hard It s not a challenge

    Original URL path: http://www.businessspectator.com.au/article/2013/7/23/climate/factories-power-down-and-energy-sector%E2%80%99s-troubled (2014-01-12)
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  • Manufacturing's miserable gas leak | Business Spectator
    gas use in electricity generation and manufacturing would continue on a roll through this decade Starting with actual sales of 343 petajoules to power stations in 2010 11 the association projected 446 PJ by 2015 16 and 558 PJ by 2020 21 For manufacturing with sales of 368 PJ in 2010 11 the association projected 411 PJ in 2015 16 and 448 PJ in 2020 21 To put these increases in perspective one needs to know that the total gas consumption figure for New South Wales in the year they were made was 159 PJ Now comes the 2013 yearbook and the outlook is very different Dismal barely suffices to make the point The association forecasts that the role of gas in electricity generation will slide from 332 PJ in 2011 12 to just 260 PJ mid decade and be at 271 PJ in 2020 21 Investment in new baseload gas fired generation on the east coast is now unlikely this decade it adds For manufacturing it predicts gas consumption will fall away from 332 PJ in 2011 12 to 300 PJ in mid decade then 271 PJ in 2020 21 and then go on sliding backwards through the Twenties A pair of markets that a year ago were still being thought of as delivering a combined 1294 PJ of sales by the dawn of the Thirties is now seen as reaching only 512 PJ at that distant point In passing the yearbook also sees residential demand for gas falling back declining from almost 144 PJ in 2011 12 to 130 PJ by the decade s end A year ago the association saw total national use of gas leaving aside the hoovering up of the fuel for LNG exports going up 38 per cent over the current decade now it is projecting a 34 per cent fall This is how the Energy Supply Association sums up the situation in the new yearbook Domestic gas consumption has historically grown by around 3 5 per cent a year over the past decade While there are current estimates available that suggest this will continue to rise at about 1 per cent a year over the period to 2050 there is potential for growth in domestic demand to reduce over the near term The political point is that what happens to gas supply for power generation is of interest to policymakers but it is not going to get their pulses racing but the implications of the foreshadowed tumbling in manufacturing s gas is instructive We are talking industries with large numbers of employees Industries where gas is used directly as a feedstock to manufacture chemicals and other materials such as fertilisers explosives paints pharmaceuticals soaps detergents cosmetics and rubber and plastics products Manufacturers like the cement brick tiles glass and plasterboard industries where gas fired heat is a key input Substituting gas with electricity from wind turbines solar PVs and geothermal power is not exactly the answer to their needs if they are going

    Original URL path: http://www.businessspectator.com.au/article/2013/7/12/resources-and-energy/manufacturings-miserable-gas-leak (2014-01-12)
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  • Keith Orchison | Business Spectator
    situation for the New South Wales gas industry is critical according to business leaders and may force some large commercial users to leave the state altogether by Keith Orchison 3 20pm April 16 11 comments Time to recharge the Keating method Twenty years after the Paul Keating commissioned Hilmer Report Australia needs a similar circuit breaker to cut through the ill disciplined debate about power reform by Keith Orchison 3 19pm April 10 3 comments Numbed by numbers in an electric haze A campaign to incite fear about the prospect of privatising state electricity network businesses is surviving off the misrepresentation of distribution sale proceeds by Keith Orchison 3 31pm April 04 3 comments Swamped with artless energy policies Australian governments of various types have implemented 230 schemes to reduce greenhouse gas emissions Yet the energy equation is still hopelessly wrong by Keith Orchison 11 19am March 26 4 comments Nobody s laughing in NSW s coal seam circus Both sides of politics are pandering to a media driven anti fracking hysteria to score cheap political points in marginal seats In the end industry and consumers will be left stranded by Keith Orchison 10 37am March 18 9 comments Business in the eye of an energy price storm Business energy cost hikes since the carbon tax have been pushed out of the spotlight by household pain But as east coast gas prices head towards 9 the outlook for the next decade is darkening by Keith Orchison 11 07am March 12 6 comments Barnett s power price blackout Western Australia s resources boom is pushing the state s energy capacity to its limits but Colin Barnett s pivot to cheap politics is hindering any real fix to a poorly funded system by Keith Orchison 10 11am March 05 Barnett s power price blackout Western Australia s resources boom is pushing the state s energy capacity to its limits but Colin Barnett s pivot to cheap politics is hindering any real fix to a poorly funded system by Keith Orchison 3 30pm March 04 NSW holds a match to Gillard s gas dreams The likelihood is New South Wales energy retailers will pay whatever it costs to secure supplies and pass on the price with critical consequences for Labor s electoral hopes by Keith Orchison 8 11am February 26 Page 2 Labor gets zapped for consumer bill shock Labor squashed the Productivity Commission s electricity price report as long as it could That s not surprising given it points the finger at policymakers and recommends network privatisation by Keith Orchison 1 53pm July 01 8 comments False relief in a power price pinch Politicians may be relaxing at the thought of a cooling in the rise of electricity bills but an upswing in gas prices and patchwork regulation will see the issue flare again by Keith Orchison 6 31am June 21 4 comments Combet s green envy Greg Combet would like to claim responsibility for a 7 4 per cent fall in

    Original URL path: http://www.businessspectator.com.au/contributor/keith-orchison?page=1 (2014-01-12)
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  • Global MnA slips to 3-year low | Business Spectator
    Knowledge Hub Business Accelerators Webinars eBooks Menu Global MnA slips to 3 year low Amanda Saunders 10 Jan 5 45 PM 1 DataRoom Mergers Acquisitions Industries Financial Services A decline in private equity sales and trade sales was behind the weaker result despite a string of mega deals in 2013 according to Mergermarket You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password Global merger and acquisition activity slipped to a three year low in 2013 on a big decline in private equity backed exits and trade sales according to a Mergermarket report Global M A fell 3 2 per cent to US 2 215 trillion for calendar 2013 from US 2 288 trillion posted in 2012 The overall slowdown came despite a string of mega deals and a stellar run in the Asia Pacific ex Japan In 2013 US 893 1 billion in deals were done in the United States up 3 8 per cent and US 631 3 billion in deals were generated in Europe down 12 per cent according to Mergermarket s m a trend report for 2013 Dealmakers in the Asia Pacific bucked the broader trend with the region excluding Japan generating US 403 4 billion up 15 per cent to the highest level since 2001 when mergermarket started its report In 2013 the value of private equity backed exits fell 9 1 per cent to a three year low of US 270 8 billion from US 298 billion in 2012 Trade sale exits slowed 9 7 per cent to US 191 billion A vicious circle has appeared for trade sales private equity firms refrain from sales at a lower rate than their original buyout price but strategic players avoid having to pay high values the report said This was emphasised by a decline in the average deal size for trade sales About US 398 billion in mega deals were done including Verizon s US 124 1bn purchase of Vodafone s Verizon Wireless stake Buyouts generated 271 1 billion in M A up slightly on the 270 billion in 2012 led by Kohlberg Kravis Roberts and Bain Capital Sectors that posted big jumps in M A for the year included energy mining and utilities and technology media and telecommunications Top M A legal advisers were also ranked in the report with New York based Davis Polk Wardwell clocking the biggest amount in deals by value this year from 14th place last year Print this page More from Amanda Saunders 10 Jan Shares in Kimberley Diamonds shine 09 Jan WRT investors say split costs 1 5 bln too much 07 Jan Coal juniors draw Chinese suitors 18 Dec Wolseley

    Original URL path: http://www.businessspectator.com.au/news/2014/1/10/dataroom/global-mna-slips-3-year-low (2014-01-12)
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  • Amanda Saunders | Business Spectator
    17 New bourse in talks for 10 floats The Asia Pacific Stock Exchange plans to start trading as soon as February with a debut IPO by Amanda Saunders 3 42pm December 16 VC firms tap wealthy investors As traditional sources of venture capital funding dry up funds are turning to SMSFs and wealthy individuals for cash by Amanda Saunders 5 09pm December 13 Wellard shipping assets draw strong interest The livestock export giant s shipping division based in Singapore has attracted buyers from Brazil and Saudi Arabia by Amanda Saunders 11 51am December 13 Livestock giant Wellard mulls sale options The Perth based conglomerate is evaluating a partial sale or restructure after it swung to loss by Amanda Saunders 12 03am December 13 WA eyes Western Power windfall Western Power which owns and operates the state s networks and poles could fetch 6 billion by Amanda Saunders 4 04pm December 10 Hotel Property Investments falls on ASX debut The pub real estate trust shed more than 1 5 per cent in its opening minutes of trade by Amanda Saunders 1 23pm December 10 Mining services firms decline PE advances If would be private equity buyers won t stump up enough cash consolidation is likely to sweep the mining services sector say insolvency experts by Amanda Saunders 12 10pm December 05 Fortescue to up dividends Payout ratio to rise after paying down debt miner eyes super fund investors by Amanda Saunders 9 06am December 03 United Petroleum may split to ignite interest Advisors are considering ways to stimulate buyer interest by Amanda Saunders 6 41am November 29 IPO fatigue claims first victim Fund managers have given the cold shoulder to the 510m float of BIS Industries raising the risk that other IPOs may also be shelved in coming weeks by Amanda Saunders 6 15pm November 27 BIS Industries shelves IPO The logistics firm has decided not to proceed with its IPO due to investor scepticism about companies exposed to the resource sector the first major float in the current rush to fail to come to market by Amanda Saunders 5 00pm November 27 Rank Group saves US 85m with refi The New Zealand packaging giant has tapped the cheap US debt market to save millions on interest payments by Amanda Saunders 1 35pm November 27 PACT Group IPO oversubscribed The IPO of Raphael Geminder s packaging empire raised 649 million by Amanda Saunders 3 00pm November 26 Page 1 Global MnA slips to 3 year low A decline in private equity sales and trade sales was behind the weaker result despite a string of mega deals in 2013 according to Mergermarket by Amanda Saunders 5 45pm January 10 1 comment Shares in Kimberley Diamonds shine The owner of the Ellendale Mine has seen its shares surge this week sparking talk that another acquisition may be on the cards by Amanda Saunders 10 51am January 10 1 comment WRT investors say split costs 1 5 bln too much Institutional investors in Westfield

    Original URL path: http://www.businessspectator.com.au/contributor/amanda-saunders (2014-01-12)
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  • Saputo increases WCB stake again | Business Spectator
    lifted its stake in takeover target Warrnambool Cheese and Butter Factory Ltd cementing its standing as the biggest shareholder in the western Victorian dairy producer In a statement to the Australian Securities Exchange Warrnambool said Saputo had increased its stake to 21 392 per cent from 20 141 per cent Only yesterday Saputo was revealed to have lifted its holding in Warrnambool to 20 141 per cent from 17 923 per cent In a subsequent statement Saputo confirmed earlier DataRoom reports that it would extend its 9 a share or 504 million takeover offer for Warrnambool Saputo said it had extended the offer period to close at 1900 AEDT on January 22 Momentum has been building in the rate of acceptances over recent days and we believe that many of the remaining shareholders were waiting until the offer was last and final so they should accept now Saputo chief executive officer Lino Saputo Jr said If shareholders want to be paid their cash and paid quickly they must accept our offer and make sure we receive their acceptance before the offer expires DataRoom reports the Canadian group risked incurring the wrath of the Takeovers Panel a second time by waiting to extend its offer until the last minute Saputo s offer is final Saputo is vying with Australian dairy co operative Murray Goulburn for control of Warrnambool Murray Goulburn s bid of 9 50 is conditional upon it obtaining more than 50 per cent of Warrnambool shares Murray Goulburn s offer is subject to no objection by the Australian Competition and Consumer Commission ACCC or the granting of authorisation by the Australian Competition Tribunal Murray Goulburn has a 17 7 per cent stake in Warrnambool Bega Cheese which initiated the takeover battle for Warrnambool but pulled out of the contest when its bid lapsed on December 20 holds 18 8 per cent of Warrnambool Japanese controlled food and beverages company Lion has about 10 per cent At 1615 AEDT Warrnambool shares were 0 66 per cent higher at 9 21 against a benchmark index fall of 0 23 per cent Print this page Related articles 13 Jan Singh behind key KKR deal 13 Jan Financial Index to buy Centric Wealth for 130m 10 Jan Global MnA slips to 3 year low 10 Jan Saputo pushes for Bega s Warrnambool stake 10 Jan Shares in Kimberley Diamonds shine More from Business Spectator Technology Adapt or die Commercial The Future of Energy Family Business Alan Kohler s Family Business China China Spectator Please log in or register to post comments Comments on this article Comments Policy Ian Macallan Fri 2014 01 10 18 15 All pretty quiet on this front today Processing of the acceptances and a subsequent update on Monday will provide some insight into what the holding level is don t expect any leaps and bounds to the 50 mark it will be small trickles with Board Executives Employees and a few associates and allies However it is interesting to

    Original URL path: http://www.businessspectator.com.au/news/2014/1/10/dataroom/saputo-increases-wcb-stake-again (2014-01-12)
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  • Shares in Kimberley Diamonds shine | Business Spectator
    Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Shares in Kimberley Diamonds shine Amanda Saunders 10 Jan 10 51 AM 1 DataRoom Mergers Acquisitions Industries Resources and Energy The owner of the Ellendale Mine has seen its shares surge this week sparking talk that another acquisition may be on the cards You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password Diamond producer Kimberley Diamonds has hosed down speculation it is eyeing another acquisition after a 25 per cent surge in its share price this week which sent its market capitalisation through the 100 million mark In response to a price query from the Australian Securities Exchange on Friday Kimberley Diamonds said it was not aware of any market sensitive information that could explain the spike Shares in the junior rose from a low of 97 5 cents on Monday to a high of 1 25 on Thursday while volumes traded also increased In early trade on Friday the shares were up 2 6 per cent to 1 20 against a broader benchmark fall of 0 2 per cent The jump sparked speculation the junior was closing in on another acquisition after buying Mantle Diamonds Lerala project in Botswana in September It has been a remarkable year for Kimberley Diamonds formerly called Goodrich with its market capitalisation jumping from about 6 million to more than 100 million Shares were as low as 13 5 cents last year The diamond producer chaired by Alex Alexander snapped up its prize asset Ellendale mine by buying the Kimberley Diamond Company for a bargain basement price from London listed Gem Diamonds in February last year Ellendale Mine near Derby in the Kimberley produces about half the world s yellow diamonds and is the largest single source of the rare colour Yellow diamonds have boomed with recent marketing with Tiffany Co marketing the once undesirable colour as champagne helping to push their price above that of white diamonds Tiffany Co has struck an offtake agreement with Kimberley Diamonds and accounts for about 80 per cent of the group s revenues Print this page More from Amanda Saunders 10 Jan Global MnA slips to 3 year low 09 Jan WRT investors say split costs 1 5 bln too much

    Original URL path: http://www.businessspectator.com.au/news/2014/1/10/dataroom/shares-kimberley-diamonds-shine (2014-01-12)
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