Meat CEO’s beef with Hastie comments

Original article by Glenda Korporaal
The Australian – Page: 19 : 14-Aug-19

Australian Meat Industry Council CEO Patrick Hutchinson has attacked Liberal MP Andrew Hastie over his recent comments regarding China. With Australian meat exports to China tipped to exceed $2 billion in 2019, Hutchinson says Hastie’s comments, which saw him compare the rise of China to that of Nazi Germany in the 1930s, were "inflammatory and ill-considered". Hutchinson says the comments do not reflect rural and regional Australia, which would suffer if the remarks led to a further downturn in the relationship between China and Australia. Hutchinson notes the meat processing sector represents over 50,000 full-time equivalent jobs, on top of the farmers who produce beef cattle.

CORPORATES
AUSTRALIAN MEAT INDUSTRY COUNCIL, LIBERAL PARTY OF AUSTRALIA

China claims Woodside withheld gas

Original article by Angus Grigg, Angela Macdonald-Smith
The Australian Financial Review – Page: 1 : 29-Jan-15

Woodside Petroleum’s Chinese customers have accused the Australian company and its partners of delaying LNG shipments. The Chinese side claims that the North West Shelf Gas consortium is holding back gas in an attempt to force the clients to renegotiate the terms of a deal signed in 2002 and raise the price. At an investor briefing in August 2014, Woodside CEO Peter Coleman said the contract was running at a "cash loss"

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, NORTH WEST SHELF AUSTRALIA LNG PTY LTD, JAPAN AUSTRALIA LNG (MIMI) PTY LTD, TRI-ZEN INTERNATIONAL PTE LTD, AUSTRALIA. DEPT OF INDUSTRY AND SCIENCE, BP PLC, ROYAL DUTCH SHELL PLC, CHEVRON CORPORATION, MITSUI AND COMPANY LIMITED, MITSUBISHI CORPORATION, BHP BILLITON LIMITED – ASX BHP

Rinehart to milk China’s dairy fix

Original article by Rick Wallace
The Australian – Page: 9 : 14-Nov-14

The new Hope Dairies joint venture is being launched by government enterprise China National Machinery Industry Corporation and Hancock Prospecting, the main vehicle of Australian mining heiress Gina Rinehart. The $A500m business will seek to cash in on the recently negotiated free trade agreement between Australia and China, by exporting powdered infant formula. Rinehart has also diversified from iron ore into beef cattle, with investments in Western Australia

CORPORATES
HANCOCK PROSPECTING PTY LTD, HOPE DAIRIES PTY LTD, CHINA NATIONAL MACHINERY INDUSTRY CORPORATION, CUBBIE STATION, QUEENSLAND. DEPT OF THE PREMIER AND CABINET, BEIJING AGRICULTURAL INVESTMENT FUND

At risk: 13% of nation’s exports

Original article by Peter Martin
The Age – Page: 4 : 13-Nov-14

Australian shipments of thermal coal to China have grown from virtually nil a decade ago to account for 13% of the nation’s total exports. However, this could drop dramatically again once a new agreement comes into force that commits China and the US to increased use of renewable energy sources as well as nuclear power. Australian National University expert Frank Jotzo says the new deal to curb greenhouse gas emissions is for a reduction in absolute terms. Meanwhile, Minerals Council of Australia CEO Brendan Pearson promotes "clean coal" technology as the solution

CORPORATES
MINERALS COUNCIL OF AUSTRALIA, AUSTRALIAN NATIONAL UNIVERSITY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET

Risk of ‘fiscal fiasco’ if China runs off the rails

Original article by David Uren
The Australian – Page: 2 : 27-Oct-14

Deloitte Access Economics has released a new report on the potential impact on Australia of a more rapid slowing of GDP growth in China. The latter accounts for 38% of Australian exports, and if its growth rate falls to under 4% per annum Australia is likely to experience a recession. The forecasting firm warns that the Federal Government must do more to rein in the Budget deficit in light of this scenario. However Deloitte still maintains that the most likely outcome is growth in China of 7% or more, and a fall in Australia’s terms of trade of 9.2% for 2014-15 before less dramatic declines of between 1% and 2% a year in the period to 2018-19

CORPORATES
DELOITTE ACCESS ECONOMICS PTY LTD

Race against time to wrap up China FTA

Original article by Rowan Callick
The Australian – Page: 17 : 20-Oct-14

Chinese President Xi Jinping will in November 2014 travel to Brisbane to attend the Group of 20 (G20) leaders’ summit. The Australian Government aims to finalise a free-trade agreement with China by that date, and insiders say that only six of the 20 issues in the document still require more talks. The Minister-Counsellor for Economic and Commercial Affairs at the Chinese embassy, Huang Rengang, says Australian Agriculture Minister Barnaby Joyce is correct in scaling back expectations for the nation to become "Asia’s food bowl". Huang also notes that trade between the two countries grew 19% year-on-year during the first three quarters of calendar 2014

CORPORATES
AUSTRALIA. DEPT OF AGRICULTURE, GROUP OF TWENTY (G-20), ASSOCIATION OF SOUTH-EAST ASIAN NATIONS, WORLD BANK, PORT OF MELBOURNE CORPORATION PTY LTD, SHENHUA INTERNATIONAL LIMITED – ASX SHU

Forrest outed as loan friend of farmers

Original article by Andrew Burrell
The Australian – Page: 17 : 1-Aug-14

Fortescue Metals Group chair Andrew Forrest has been revealed as the source of no-interest loans made to drought-affected farmers in the Wheatbelt region of Western Australia (WA) during 2010. The well-known philanthropist has since also set up the Australia-Sino 100-Year Agricultural & Food Partnership scheme, which aims to strengthen the ties between local producers and Chinese food companies such as New Hope Group and Wilmar International. Forrest is optimistic Australia can become an even greater supplier of rural commodity exports to China. He has acquired WA meat processing market leader Harvey Beef for $A30m

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, HARVEY BEEF, GROUP OF TWENTY (G-20), NEW HOPE GROUP, WILMAR INTERNATIONAL LIMITED, GOODMAN FIELDER LIMITED – ASX GFF, MEAT AND LIVESTOCK AUSTRALIA LIMITED, WESFARMERS LIMITED – ASX WES, AUSTRALIAN AGRICULTURAL COMPANY LIMITED – ASX AAC, AUSTRALIA. DEPT OF AGRICULTURE, MINDEROO PTY LTD, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO