EXPORTS – AUSTRALIA

BHP’s big cost crusher

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Original article by Peter Ker
The Australian Financial Review – Page: 1 & 18 : 7-Oct-14

BHP Billiton will invest nearly $A2bn to increase its iron ore exports from 225 million tonnes in 2014-15 to 290 million tonnes by mid-2017. The resources giant aims to reduce its cost per tonne to less than $A20, and it will seek to displace Rio Tinto as the lowest-cost iron ore exporter to China. In 2013 Rio Tinto unveiled a strategy to increase its iron ore exports to around 330 million tonnes, eventually rising to 360 million

CORPORATES
BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, UBS HOLDINGS PTY LTD, PENGANA CAPITAL LIMITED

Casella senses richer picking in premium

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Original article by Julie-Anne Sprague
The Australian Financial Review – Page: 17 : 30-Sep-14

Australian export success story Casella Family Brands plans to target US consumers with premium wines using the Casella label. The move is aimed at capitalising on growing US interest in more upmarket wines than the company’s highly popular but low-priced Yellow Tail label. John Casella says Australian wine producers need to more actively target on-premise trade in the US, which has tended to be neglected due to a focus on wine retailers

CORPORATES
CASELLA FAMILY BRANDS, CASELLA WINES PTY LTD, YELLOW TAIL WINES

Resource exports to dip before a pick-up

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Original article by David Uren
The Australian – Page: 20 : 25-Sep-14

Australia’s Bureau of Resources & Energy Economics forecasts 43 per cent growth in the nation’s earnings from resources exports in the next four years. LNG exports are expected to be a key driver of earnings growth over this period, while the agency forecasts that coal and iron ore prices will rebound in the next several years. Earnings from resources exports are forecast to fall by 1.4 per cent in 2014 before rising by 13.4 per cent in 2015

CORPORATES
AUSTRALIA. DEPT OF INDUSTRY. BUREAU OF RESOURCES AND ENERGY ECONOMICS, WESTPAC BANKING CORPORATION – ASX WBC

India burning brighter for LNG exporters

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Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 19 : 19-Sep-14

India may emerge as a significant importer of LNG from Australia. Woodside Petroleum forecasts that demand for LNG in in India will rise to as much as 50 million tonnes by 2024. Peter Cleary, the head of LNG at Santos, expects India to import early spot cargoes from the GLNG project in Queensland. Analysts from Tri-Zen International say that India has insufficient infrastructure for large LNG imports

CORPORATES
WOODSIDE PETROLEUM LIMITED – ASX WPL, CREDIT SUISSE (AUSTRALIA) LIMITED, ADANI ENTERPRISES LIMITED, GUJARAT STATE PETROLEUM CORPORATION, PETRONET INDIA LIMITED, EXXONMOBIL CORPORATION, SANTOS LIMITED – ASX STO

Australian sangria packs punch in US

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Original article by Eli Greenblat
The Sydney Morning Herald – Page: 24 : 1-Aug-14

Casella Wines has had a positive response to its sangria, which was launched in July 2013. The US has accounted for about 90 per cent of the 300,000-plus cases of sangria that the family-owned winery has sold to date. The sangria is being marketed under the popular Yellow Tail label, which has been a huge export success for Casella

CORPORATES
CASELLA WINES PTY LTD, YELLOW TAIL WINES

Retailers ‘will lose out to Chinese’

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Original article by Blair Speedy
The Australian – Page: 18 : 29-Jul-14

Dominant supermarket chains Coles and Woolworths have been urged to raise their farmgate prices, or risk losing supply as primary producers instead export to the lucrative market in China. The warning has come from Federal Agriculture Minister Barnaby Joyce, who noted that the companies are selling white label milk for just $A1 a litre when consumers in China are prepared to pay $A7 or more. Joyce also said he fully backed a Federal Court case by the Australian Competition & Consumer Commission against Coles, over alleged unconscionable conduct in its relations with food sector suppliers

CORPORATES
WOOLWORTHS LIMITED – ASX WOW, WESFARMERS LIMITED – ASX WES, COLES GROUP LIMITED, AUSTRALIA. DEPT OF AGRICULTURE, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, FEDERAL COURT OF AUSTRALIA, ALDI STORES SUPERMARKETS PTY LTD, NORCO CO-OPERATIVE LIMITED, MURRAY GOULBURN CO-OPERATIVE COMPANY LIMITED

Glut forces FMG to offer big discounts

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Original article by Lisa Murray, Angus Grigg
The Australian Financial Review – Page: 15 : 18-Jun-14

New apartment sales and construction in China have declined significantly, creating a knock-on effect for steel prices and therefore iron ore exporters in Australia. The latter commodity’s price has fallen 34% between the start of calendar 2014 and mid-June, to $US89 a tonne. Fortescue Metals Group, which has ramped up production of lower-grade ore from 60 million tonnes per annum to 150 million since 2012, is lifting the discount it offers Chinese buyers to 14% from 1 July. This compares with just 2% in mid-2013

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, STEEL HOME, GOLDMAN SACHS AUSTRALIA PTY LTD, PLATTS, J CAPITAL RESEARCH COMPANY LIMITED, DEUTSCHE BANK AG