Archive for the ‘Investing’ Category
Positive News From Northern Territory Attracts Foreign Property Investors
May 18th, 2012 | 
Author: Property backers trying to decide where to devote their resources in Australia might be intrigued for North Territory property investment.
A world survey of mining firms released yesterday (February 28) ranked the state as the top jurisdiction in Australia for mining exploration and development.
The survey collected replies from over 800 firms about the exploration attractiveness of 93 worldwide areas.
Placing 11th on the Canadian-based Fraser Institute survey, the state scored 81.5 out of 100 on the index – the result of a proactive approach to the industry, according to minister for resources Kon Vatskalis.
He said: “We are leading the country when it comes to tempting world investment and this result provides further proof of the success of our Bringing Forward Discovery initiative.”
The statement comes on the heels of a big collection of publications pertaining to the encouraging business environment of the North Territory.
Health, education and sub-structure have all received local government funding in support of – and preparation for – a growing economy.
Giant projects continue to roll right in including the profitable Ichthys LNG Project and the Sea Supply Base.
In addition, state treasurer Delia Lawrie lately boasted the second lowest rate of unemployment in Australia, at 4.2 per cent.
Ms Lawrie, who is also minister for trade and minister for Asian relations, also said beneficial links to the growing Philippines economy.
She said: “In this, the Asian century, the Territory stands poised to harvest the rewards of our commanding position, business-friendly economy and resource wealth.”
The numerous departments seem to be putting in the work required to gain advantage from the mining opportunities – it may be a great time to go into the market.
Mr Vatskalis seems confident in days to come stating: “The Territory govt has a commitment to working with industry, stakeholders and international stockholders to ensure the on-going success of our resource sectors. “.
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