BUSINESS FORECASTING – WESTERN AUSTRALIA

Cyclone Joyce drenches Pilbara as Port Hedland resumes exports

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Original article by Peter Ker
The Australian Financial Review – Page: 18 : 15-Jan-18

Tropical Cyclone Joyce forced the closure of Port Hedland for about 43 hours, although it is not expected to have much impact on iron ore export volumes. The cyclone resulted in heavy rains near iron ore mines operated by BHP Billiton, Rio Tinto and Fortescue Metals Group in the Pilbara region, with 132 millimetres of rain recorded at Barimunya over four days and 102 millimetres recorded at Solomon Airport. Meanwhile, some 105 millimetres of rain fell at Marble Bar in a 24-hour period.

CORPORATES
PORT OF PORT HEDLAND, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, NEWCREST MINING LIMITED – ASX NCM, AUSTRALIA. BUREAU OF METEOROLOGY, DEUTSCHE BANK AG

Mining states hit by sharp drop in home loan activity: AFG

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Original article by Michael Roddan
The Australian – Page: 15 : 12-Jan-17

Listed mortgage broker Australian Finance Group has reported 9.9 per cent growth in home loan lodgements nationwide in calendar 2016. However, there was a 16 per cent downturn in loan lodgements in Western Australia, while lodgements fell by 18 per cent in the Northern Territory. Meanwhile, AFG CEO Brett McKeon says the WA Government’s decision to temporarily increase the first-home owners’ grant by $A5,000 for new homes is unlikely to significantly boost construction activity in the residential property market.

CORPORATES
AUSTRALIAN FINANCE GROUP LIMITED – ASX AFG, REAL ESTATE INSTITUTE OF WESTERN AUSTRALIA, DIGITAL FINANCE ANALYTICS

Iron ore exporters unlikely to meet shipment guidance

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Original article by David Stringer
The Australian Financial Review – Page: 24 : 6-Oct-16

Macquarie Group forecasts that Rio Tinto’s Western Australian iron ore shipments for 2016 will fall slightly short of its guidance for 330 million tonnes. Macquarie also says BHP Billiton also may not meet its production guidance. Macquarie had forecast that shipments from the state’s major iron ore export terminals would total 216 million tonnes in the September quarter, but new data shows that about 209 million tonnes were shipped.

CORPORATES
RIO TINTO LIMITED – ASX RIO, BHP BILLITON LIMITED – ASX BHP, FORTESCUE METALS GROUP LIMITED – ASX FMG, MACQUARIE GROUP LIMITED – ASX MQG, ROY HILL HOLDINGS PTY LTD, VALE SA, METAL BULLETIN LIMITED, CITIGROUP PTY LTD, MORGAN STANLEY AUSTRALIA LIMITED, DBS GROUP HOLDINGS LIMITED, BLOOMBERG LP

Chevron close to Gorgon LNG restart

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 15 : 2-May-16

Energy giant Chevron has advised that production at the Gordon LNG project should resume by the end of May 2016. Mechanical problems forced Chevron to shut down the Barrow Island processing plant shortly after production commenced in early March. Chevron is confident that the first LNG train will reach full production within 6-8 months. Meanwhile, Chevron still expects production at the Wheatstone project to begin in mid-2017.

CORPORATES
CHEVRON CORPORATION, GORGON PTY LTD, WOODSIDE PETROLEUM LIMITED – ASX WPL, Z ENERGY LIMITED – ASX ZNZ

Two more years of pain for Perth

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Original article by Jonathan Barrett
The Australian Financial Review – Page: 5 : 5-Jan-16

Residential property values in Perth declined in the fourth quarter of 2015, according to the CoreLogic RP Data Home Value Index, although home prices rose during December. Meanwhile, Satterley Property Group founder Nigel Satterley expects Perth’s residential market to continue to struggle over the next two years. Satterley Property Group typically sells 2,500-3,000 housing lots in Perth each year, but this is forecast to fall to 1,800-2,000 in 2016.

CORPORATES
CORELOGIC AUSTRALIA PTY LTD, RP DATA LIMITED, THE SATTERLEY PROPERTY GROUP PTY LTD, REAL ESTATE INSTITUTE OF WESTERN AUSTRALIA

Go WA! Footy madness has hit – and the state’s the big winner

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Original article by Julie-anne Sprague
The Australian Financial Review – Page: 1 & 10 : 11-Sep-15

Western Australia will host four Australian Football League finals in 2015, which are collectively expected to boost the state’s economy by almost $A100m. The two finals matches in Perth on 12 and 13 September are tipped to attract more than 31,000 interstate supporters, while Fortescue Metals Group director Mark Barnaba says the finals will also boost morale in a state that has been hard hit by the downturn in the resources sector.

CORPORATES
AUSTRALIAN FOOTBALL LEAGUE, FORTESCUE METALS GROUP LIMITED – ASX FMG, FREMANTLE DOCKERS FOOTBALL CLUB, WEST COAST EAGLES FOOTBALL CLUB, BHP BILLITON LIMITED – ASX BHP, WOODSIDE PETROLEUM LIMITED – ASX WPL, MACQUARIE GROUP LIMITED – ASX MQG, HAWTHORN FOOTBALL CLUB, SYDNEY SWANS FOOTBALL CLUB, WESFARMERS LIMITED – ASX WES, TOURISM COUNCIL WESTERN AUSTRALIA LIMITED, CHAMBER OF COMMERCE AND INDUSTRY OF WESTERN AUSTRALIA (INCORPORATED), PROGRAMMED MAINTENANCE SERVICES LIMITED – ASX PRG, SEVEN GROUP HOLDINGS LIMITED – ASX SVW

Rinehart hints Roy Hill may export early

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Original article by Peter Ker, Ben Butler
The Australian Financial Review – Page: 17 : 3-Sep-14

Hancock Prospecting has previously indicated that it expects to commence exporting iron ore from its Roy Hill project in September 2015. However, mining magnate Gina Rinehart has advised that exports could begin ahead of schedule. Meanwhile, Hancock Prospecting has revealed that it has ceased all exploration activities in Mongolia and no longer has any commercial interests in the country

CORPORATES
HANCOCK PROSPECTING PTY LTD, ROY HILL IRON ORE PTY LTD, RIO TINTO LIMITED – ASX RIO, SOUTHGOBI RESOURCES LIMITED, MISSISSIPPI STATE UNIVERSITY, LINKEDIN LIMITED, ASPIRE MINING LIMITED – ASX AKM, GUILDFORD COAL LIMITED – ASX GUF, SAMSUNG C&T CORPORATION

Fremantle tipped as a cruising hotspot

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Original article by Kent Acott
The West Australian – Page: 3 : 9-Jul-14

Stuart Allison, vice-president Australia and New Zealand at the Princess Cruises line, predicts Fremantle in Western Australia (WA) to be one of the major growth markets. Cruise Line Industry Association data show that currently just 2.7% of WA residents book cruises, below the national average of 3.6%. Princess will expand its schedule of winter cruises from Fremantle to have an all-year presence, generating $A30m-plus for the state economy

CORPORATES
PRINCESS CRUISES, CRUISE LINES INTERNATIONAL ASSOCIATION