Monday, 25 April 2011

Miners pay $90,000 in rent in Queensland towns

Make sure you click on link half way down this page for a PDF report.


Six of State's 10 top-earning postcodes home to cashed up coal miners


Richest postcodes

The 10 wealthiest Queensland areas by postcode, based on taxable income in 2008-2009:

Ascot, Hamilton - $103,526
Tieri - $90,515
Brookfield, Chapel Hill, Fig Tree Pocket, Kenmore, Pinjarra Hills, Pullenvale - $89,635
Glenden, Suttor - $89,064
May Downs, Middlemount - $85,002
Dysart - $84,477
Bardon - $83,274
Moranbah - $82,629
Balmoral, Bulimba, Hawthorne - $81,883
Blackwater - $80,326

But the great divide between rich and poor has also been revealed, with two Queensland towns featuring in the nation's 10 poorest suburbs.
The leafy inner-north suburbs of Ascot and Hamilton topped Queensland's high-earners' list, with a mean taxable income of about $103,000 in the 2008-2009 tax year.

But while income only grew by 2 per cent from a year earlier, the town of Tieri home of Central Queensland's Oaky Creek mine recorded an income growth of 9 per cent.
Average income there was $90,000, making it the state's second-top earner.

In Queensland, other mining postcodes of Glenden/Suttor, May Downs/Middlemount, Dysart, Moranbah and Blackwater also fell into the top earners, with income growth of up to 15 per cent on the year before.

Established Brisbane suburban areas of Bardon, Brookfield/Chapel Hill/Kenmore and Balmoral/Bulimba/Hawthorne rounded out the top 10.

Federal Treasurer Wayne Swan said he knew that despite the economy's success in avoiding recession during the GFC, "a lot of people (were) finding it hard to make ends meet".
He said the Government had been committed to income tax cuts and jobs in every budget to do what it could to ease the pressure.

Why My mind is on MINES

Thanks for all emails re Mines from all my friends.
I am adding this to my education and get a full spectrum of Strategy Potential.

I keep getting told its is about accessing the environment of the operation, the facilities of the area and the potential growth or end to the town.

I spent some time with CBH last year and what I experienced was the internal workings of the companies.
They find the stuff, they tell people what they think they have , then they ask people to fund them.
I know it sounds basic but the elements are there simplistically to see.
I found it is hard to guess if the town. Is it restricted on rental accommodation?  What internal economies exist in the town to support investing in town.

I now learn to keep an eye on some sectors and keep my self up to date.

Macarthur Coal
keep looking at their website
Read their report its better then sifting through information.
Here is the LINK.

Interesting observations Click on picture above to enlarge.

Stage 1 of the Middlemount Mine was approved in May 2009 for the production of 1.8 million tonnes per year (Mt/y) of run of mine (ROM) coal, producing semi-hard coking coal and Pulverised Coal Injection coal for export. The Stage 2 expansion, which is subject to this EIS process, proposes to increase the rate of mining up to 5.4Mt/y of ROM coal to produce approximately 4Mt/y of product coal for export.  The estimated coal resource is approximately 100 million tonnes, and the mine would operate for approximately 19 years. Diversions may be required of Roper Creek and Thirteen Mile Gully.  A portion of the Saraji water supply pipeline would also need to be diverted.

The Middlemount Coal Mine is located in the Bowen Basin on Mining Lease ML70379.

The mine is approximately 6 km south-west of the Middlemount township and approximately 270 km north-west of Rockhampton. The proponent for the project is Middlemount Coal Pty Ltd, an incorporated joint venture between Macarthur Coal (70 per cent) and the Noble Group (30 per cent).

Operations would be conducted 24 hours per day, seven days per week, and employ around 500 people. The mining process would be undertaken either by shovels, excavators, and trucks, or by dragline, shovels, excavators and trucks. Both options will be assessed in the EIS. 

Processing of the coal would require an increase of the presently approved capacity of the Coal Handling and Preparation Plant from 400 t/h to 700 t/h.

A proposal for a new rail loop has been submitted to the Isaac Regional Council (as part of Stage 1), for approval under the Sustainable Planning Act 2009. The EIS will suitably describe the rail loop and its relationship to Stage 2 of the mine (for example, any additional rail traffic, etc), but will not conduct a full impact assessment of it as this work has already been undertaken.

keep an eye on the news
here are some articles worth reading

Macarthur Coal deal delayed by legal matter

Macarthur Coal sees force majeure until end-April

So Stage 2 is said to happen in 2011 but what effects will happen to make this go ahead or not.
I think a few of my stock market friends will keep an eye on this stock.

Here are some more interesting readings for March 2011

Click on link to download or look at below

Ok so till next time , have a great ANZAC DAY.
Lest we forget

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