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Home  /  Forum  /  Arcelor Mittal  /  Nieuws en info hier plaatsen (deel 4)

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Aandeel ArcelorMittal AEX:MT.NL, LU1598757687

  • 23,610 8 mei 2024 17:37
  • -0,360 (-1,50%) Dagrange 23,560 - 23,940
  • 2.558.342 Gem. (3M) 2,5M

Nieuws en info hier plaatsen (deel 4)

35.173 Posts
Pagina: «« 1 ... 636 637 638 639 640 ... 1759 »» | Laatste | Omlaag ↓
  1. forum rang 10 voda 27 juni 2017 16:32
    Indian steel prices to fall further - Jefferies

    Money Control reported that one of the big contributors to the Indian market's bull run was the metal sector, which gained nearly 30% in the last one year due to lower input/raw material cost. According to Jefferies report, input costs were a key driver of steel prices, while iron ore prices should remain under pressure given weak fundamentals.

    According to brokerage house, the domestic steel prices are down 4-5% versus fourth quarter average and should fall further given prices are still at 6-8% premium to anti dumping duty based import parity (FTA countries).

    Meanwhile, research firm expects the domestic demand growth to improve (6.5% CAGR FY 17-19E), but new capacities and lower exports would weigh on utilization.

    Lower domestic prices will put pressure on margins especially on integrated steel firms i.e. Tata India, SAIL on lower input cost flexibility, while the non-integrated player JSW Steel should be better placed, the brokerage house said.

    Source : Money Control
  2. forum rang 10 voda 27 juni 2017 16:33
    Turkey takes unfair US duties on Turkish OCTG steel pipes to WTO

    The Turkish steel industry has appealed to World Trade Organization in its legal fight against the US move to impose countervailing duties on imports of steel products from Turkey. In response to a request from Turkey, the Dispute Settlement Body of the World Trade Organization has decided to establish a panel to review US countervailing duty on steel pipes from Turkey at its meeting on June 19.

    Source : Strategic Research Institute
    Bijlage:
  3. forum rang 10 voda 27 juni 2017 16:34
    Danieli revamps caster at Xining Special Steel in China

    The three-strand, 11-m radius continuous casting machine at Xining Special Steel is back to operation, producing 250x280 mm high-quality steel blooms, including alloy structural, spring steel, alloy tool steel, gear and bearing steel qualities. Aside from direct sales, the medium blooms are fed to the small bar mill. The caster was extensively revamped from the tundish area up to (and including) the run-out,

    Source : Strategic Research Institute
    Bijlage:
  4. forum rang 10 voda 27 juni 2017 16:40
    BHP approves initial funding for South Flank iron ore project in Pilbara

    BHP announced approval of USD 184 million (BHP share) in initial funding for the South Flank sustaining mine project in the central Pilbara, Western Australia. BHP President Operations, Minerals Australia, Mike Henry, said the funding would generate several hundred construction jobs and provide exciting opportunities for Western Australian suppliers.

    Source : Strategic Research Institute
  5. forum rang 10 voda 27 juni 2017 16:41
    Iron ore reverts to supply-driven market after 2016 aberration

    The News reported that iron ore's demand-driven price surge last year is increasingly looking like an aberration as supply factors once again start to weaken the price outlook. When spot Asian iron ore prices jumped 81% in 2016, the surprise rally was chalked up to stronger Chinese imports and signs that a market that had been oversupplied for several years was back in balance.

    China, which buys about two-thirds of seaborne iron ore, certainly did boost imports in 2016, buying more than 1 billion tonnes in a year for the first time, with overseas purchases of the steel-making ingredient rising 7.5%.

    There has been little let up in the pace this year, with imports from January to May jumping 7.9% from the same period in 2016 to 444.6 million tonnes, putting them on track for an annual increase of about 65 million tonnes.

    Imports look set to remain robust in June as well, with ship and port data compiled by Thomson Reuters Supply Chain and Commodity Forecasts pointing to arrivals of 93 million tonnes.

    This number was filtered to show only vessels that have already discharged cargoes or are underway, and may be revised higher as late cargoes get added. Overall, the picture shows that China's appetite for imported iron ore remains strong, meaning the price decline so far this year isn't driven by weakening demand.

    The spot price ended at USD 56.82 a tonne on Wednesday, down 28% from the start of the year and 40% from a peak of USD 94.86 on Feb. 21. Chinese domestic iron ore futures have fared some better, with Dalian Commodity Exchange contracts slipping 8.1% so far this year to Wednesday's close of CNY 426 (USD 62.37) a tonne, and down 33% from their Feb. 21 peak.

    In contrast, benchmark Chinese steel futures, the Shanghai rebar contract, have gained 15.1% since the end of last year to Wednesday's close of 3,060 yuan a tonne.This divergence between Chinese steel and iron ore prices is a marked change from last year, when they rallied in tandem, with rebar gaining 96% to spot iron ore's 81%.

    China's steel market appears relatively robust currently, with output in May rising 1.8% from a year earlier to 72.26 million tonnes, just below April's monthly record of 72.78 million tonnes.

    Source : The News
    Bijlage:
  6. forum rang 10 voda 27 juni 2017 16:48
    Indian iron ore export slumps with fall in global prices

    Business Standard reported that iron ore exports from India were down 53% in the past two months as China, a major consumer, took better quality ore from Australia to feed its integrated steel plants, taking advantage of a slump in global prices. Macquarie Research said that after a surge in iron ore export to 49 million tonnes in March, these slumped to 23 million tonnes in May. With seaborne ore prices down 40% from the peak in late February, the Indian high-cost export is fading away. Shipments from Goa have become unviable and volumes from the east coast have started diverting to domestic markets.

    Spot iron-ore prices have slumped to USD 55 a tonne, from a recent peak of USD 94.5 a tonne in late February.

    Indian iron ore production saw 23% growth in FY17 over a year before, at 190 m. The report forecasts production to grow to 206 million tonnes, up eight per cent. With declining export, it expects a domestic surplus of 18 mt in FY18, adding to the surplus of 14 million tonnes in FY17.

    According to an industry expert, the worst sufferer is Vedanta Resources, which has mining capacities in Goa. “On the domestic front, steel companies have the option of receiving a higher grade (more than 57% iron content) through import, a cheaper option (now) for them than sourcing from Goa. And, internationally, China is ramping up its steel production capacity, sourcing higher quality ore from Australia.”

    Macquaire said that the market for low grades is getting tough, as most steel mills are focusing on higher grades to increase productivity. Chinese steel consumption has been higher than expected and prevailing steel prices provide for respectable profit margins to these mills.

    It said that since the mining ban was lifted in India in 2015, mining companies here have gradually raised the output of low-grade ore. International prices had gone up to as high as USD 80 a tonne in November 2016 and that supported the Goan mining industry. Indian miners’ cost of delivery to China is a little less than USD 30 a tonne. Macquarie expects this cost to reduce further.

    Its report said that “We remain bearish on iron ore miners, with an ‘Underperform’ rating on NMDC. We recommend non-integrated producers like JSW Steel and remain bearish on integrated producer Tata Power.”

    Source : Business Standard
    Bijlage:
  7. forum rang 10 voda 27 juni 2017 16:50
    De keerzijde van onbeperkte mineralen winning!

    Papua New Guinea cover over 80pct of the country

    Loop Business reported that mining exploration activities in Papua New Guinea cover over 80% of the country, according to the PNG Extractive Industries Transparency Initiative Report 2013. This is expected to further enhance and strengthen Papua New Guinea's position as one of the top twenty gold and copper producing countries in the world.

    The report said that “The country is rich in minerals. It ranks in the top 20 world gold and copper producers and also produces silver, nickel and cobalt. Mining in PNG dates back to 1888, with the modern mining industry developing in the mid-1960s. During the reporting period, eight mines were operating in Papua New Guinea, distributed over a number of provinces.”

    These include Ok Tedi, Porgera, Lihir, Hidden Valley, Ramu Nickel and Cobalt Tolokuma, Simberi and Sinivit.

    This figure has been increased to nine with the inclusion of Eddie Creek in the 2014 Report.

    The report said that "New Projects in development include the deep-sea Solwara 1 (owned by Nautilus Minerals), Frieda (PanAust) and Wafi-Golpu (Harmony/Newcrest). Exploration activity is intensive covering over 80 percent of the country.”

    It said that "Some 60 to 80 thousand people are estimated to be engaged in informal alluvial/small scale mining.”

    Head of PNG EITI National Secretariat Mr Lucas Alkan, said promising times are ahead for the country in terms of the enormous benefit that the mining industry would bring to the economy.

    Mr Alkan said that "At PNGEITI, we are excited that we are already playing our part in promoting accountability and transparency in the way the government companies and landowners manage proceeds from these projects - through the annual EITI reporting process.”

    He added that "We hope to see more cooperation from all sectors of the economy so that we can produce comprehensive and timely information as we move forward in this journey. 'Through our reporting process, we will try to get to the bottom of the payment mechanics so that correct information on what the government is receiving, the landowners are receiving and other related information, like mining licences, are accessible to the public for transparency and accountability's sake."

    Source : Loop Png
    Bijlage:
  8. forum rang 10 voda 27 juni 2017 17:13
    PT Krakatau Steel aims to reach break-even point in 2017

    The Jakarta Post reported that state owned steel maker PT Krakatau Steel aims to reach break even point this year, following State Owned Enterprises Minister Rini Soemarno's instruction for all SOE's to avoid ending the year in the red. Krakatau Steel president director Mr Mas Wigrantoro Roes Setiyadi said that the company was working very hard on processing backlog orders, which now stand at around 100,000 tonnes, to reach the break-even point.

    The steelmaker also aims to cut down operating costs by 15% to improve its overall finances.

    Mr Wigrantoro said that "There are a lot of budget components that can be saved, adding that the government's move to slash gas prices to USD 6 per million metric British thermal units had helped to further reduce operating costs.

    He said that "But that is [the price] from [state oil and gas firm] Pertamina. We are also lobbying [state gas distributor] Perusahaan Gas Negara to slash the gas price."

    Source : The Jakarta Post
  9. forum rang 10 voda 27 juni 2017 17:14
    NGO allege environmental pollution by Hongzing steel firm in Nigeria

    The Guardian reported that a non governmental organization, Environmental Watch Network has called on the Lagos State government to urgently look into environmental pollution allegedly perpetrated by an iron and steel company, Hongzing Company Ltd, at Amuwo Odofin Commercial Scheme, Mile 2, Lagos. The group alleged that workers and residents of the area are exposed to serious health risk owing to the dangerous smoke emitted by the firm, just as it worries about its attendant impact on the environment.

    Also, another non governmental organization/ anti-human labor organization, Freebonders, has called for a proper investigation into the firm’s activities

    According to a representative of EWN, Oladayo Adewunmi, “the dangerous smoke from the company is putting workers in barbaric working condition, as they are exposed to raw flames.”

    In their petition, Freebonders said: that “We call on the ministries of health and environment, LASEPA, NESREA, SON, and other agencies to stand up and save the situation by getting Hongzing Company to stop the inhuman gas emissions.”

    Some residents and firms in the neighborhood, who fear for their safety said while the dangerous smoke has caused several health problems to them, heavy trucks used by the company have also made roads around there impassable.

    Source : The Guardian
  10. forum rang 10 voda 27 juni 2017 17:15
    Indian flat steel industry continues to see protection benefit

    Business Standard reported that steel companies with a sizable presence in flat steel products are beneficiaries of better pricing, because of tariff protection, in the domestic market. Prices of hot-rolled steel in the Mumbai market, a flat product mainly used in the automobile industry, have jumped 21% since the beginning of 2016. This, in a business environment where consumption has remained sluggish and scope for price discovery minimal, is due to curbs on imports.

    Flat products have also managed to move up the price ladder in the domestic market, some of the increase being due to rising input costs. However, the same product when exported has got priced at 10 to 25% lower than the domestically sold one.

    Flat steel products constitute the bulk of Indian steel import. Over the past couple of years, the government announced a slew of measures to curb cheaper import. Starting from imposition of a provisional safeguard duty on hot-rolled products in October 2015 to the ongoing anti-dumping duty, the government has been protecting the domestic industry from cheaper Chinese, Japanese and Korean steel import. The domestic steel industry comprises flat and long products. Flat products find wide application in the automobile and consumer goods sectors. Long steel is used mainly in the construction and infrastructure segments.

    Flat steel products (hot-rolled and cold-rolled) covered under the anti-dumping duty regime contributed around 60% to the country's cumulative steel import between FY15 and FY17. The imposition of this duty in May 2017 for five years is expected to keep import under check for the entire duration.

    The Indian domestic flat steel product market largely comprises of JSW Steel, Essar Steel, Bhushan Steel, Tata Steel and Steel Authority of India.

    Source : Business Standard
    Bijlage:
  11. forum rang 10 voda 27 juni 2017 17:16
    Steel demand in India will grow faster than local supply – Mr TV Narendran

    Economic Times reported that Mr TV Narendran MD of TATA Steel in an exclusive interview, while answering to How has the steel demand been in the last one year?, said that “While 2015 was a bad year for the steel industry, last year was much better for India and China. China shut down excess capacity and prices are improving there. A large number of small players were dumping steel all over the place. China is shutting down polluting and inefficient capacities. It has stopped banks from lending to these companies.”

    Q - How is the demand-supply situation around the world?

    A - Steel will always face an oversupply situation. A lot of it is swing capacity, depending on the prices.

    Q - You have been very bullish on the retail segment on steel - homebuilding. How is that going on?

    A - It is going well. Last year, it slipped a bit because of demonetization as the rural economy is a cash economy. Now it has come back. For us, the business-to-consumer segment is 20% of revenue. It is a resilient business. The ambition is to take the B2C business to 30% of revenue. We also have big ambition in sen/ices and solutions. We want the services and solutions revenue to be a fifth of B2C business segment. We have fencing solutions, roofing solutions. We make steel toilets for the government.

    Q - Has the government's capital expenditure helped the steel industry?

    A - For us, power transmission, highways, and railways have been three areas where we have seen a lot of activity. There are big structural changes happening. The government is pushing faster since private investment has not picked up.
    Source : Economic Times
    Bijlage:
  12. investorR 27 juni 2017 21:02
    The Northern China import price of 62% Fe content ore turned weaker again on Monday trading not far off 1-year lows at $55.50 per dry metric tonne according to data supplied by The Steel Index. The price of the steelmaking raw material is now down by more than 40% from its mid-March peak.

    While demand from top consumer China has stayed robust – imports topped 1 billion tonnes for the first time last year and continued to grow in 2017 – industry attention has shifted to supply.

    The board is expected to consider approval for the $3.2 billion project in mid-2018 and first ore would be targeted in 2021
    In a recent research note Citigroup lowered its price outlook by a fifth saying iron ore will average $48 a tonne in Q4 2017, down from $60 in its previous prediction:

    Even with prices dropping, global supply continues to rise, according to Citigroup, which forecasts a surplus of 118 million tons in 2017 after a glut of more than 60 million tons last year. Ongoing expansion by large miners, notably Vale’s biggest project S11D and Roy Hill, will probably contribute about 60 million tons of additional supply this year, the bank estimates.
    Another indication that demand would not overshoot supply any time soon comes from world number three producer BHP Billiton which said on Monday it's starting work on replacing depleting resources as it moves from 260mtpa capacity to 290mtpa over the next few years.

    BHP on Monday said in a statement it has approved $184m to start work at its South Flank project as production at its Yandi 80-million-tonnes-per-year operation in the Pilbara begins to wane.

    The board of the Melbourne-based company is expected to consider approval for the $3.2 billion project in mid-2018 and first ore would be targeted in 2021.

    The capital cost for South Flank is expected to be in the range of $30 to $40 per tonne, with expenditure fitting within the company's Western Australia iron ore division's previously indicated average sustaining capital expenditure of $4 per tonne over the next five years according to BHP.
  13. forum rang 10 voda 28 juni 2017 16:36
    Posco retains WSD most competitive steelmaker title for 8th year

    Korea Herald reported that Posco was named this week as the world’s most competitive steelmaker for the eighth consecutive year. Global steel research firm World Steel Dynamics announced that Posco ranked as the most competitive steelmaker among 37 global steelmakers with 8.31 points on a scale from 1 to 10, evaluated across 23 categories. Russian steelmaker Severstal ranked second followed by US steelmaker Nucor with improved profitability, Russian steelmaker NLMK and Japanese steelmaker NSSMC.

    Posco’s competitiveness was attributed largely to premium products that helped elevate the company’s portfolio and financial structure. Posco has been moving to maintain its lead with giga steel, which refers to steel with ultrahigh tensile strength of more than a gigapascal. It can withstand over 100 kilograms per square millimeter. Mainly used for automotive steel plates, car frames and other auto parts, Posco’s giga steel was used to make the a-pillar of Renault‘s eco-friendly concept car Eolab. The overall weight of Eolab was reduced by 130 kilograms and reached a fuel efficiency of 100 kilometers per liter by using giga steel and magnesium.

    Source : Korea Herald
  14. forum rang 10 voda 28 juni 2017 16:38
    Resolution of stressed steel assets in India gains momentum - ICRA

    Steel manufacturing is a capital-intensive business with investments of about INR 6000 to 7000 crore required to set up an integrated steel plant of 1 million tonne per annum capacity, depending upon the scope of the project. Total exposure of the Indian iron and steel sector in the banking system stood at INR 3.13 lakh crore as on March 31, 2016.

    Source : Strategic Research Institute
    Bijlage:
  15. forum rang 10 voda 28 juni 2017 16:39
    Tata Steel could merge some of its subsidiaries - Mr TV Narendran

    Tata Steel may merge some of its subsidiaries in a review of its assets portfolio even as India's oldest maker of the alloy look at brownfield expansion in Odisha, penciling in a demand revival. Mr TV Narendran, managing director of Tata Steel India and South-East Asia, while referring to the possibility of merging the units told ET in an exclusive interview that "Yes, if it makes sense. In the past subsidiaries have become divisions of Tata Steel. Like, the Tube company became the tube division. These are all possibilities.” He was

    Mr Narendran added that "If you have to allocate capital where would you do it that's a call we will take. The first step is to make sure all the subsidiaries we have don't lose money. Some of them have strong cash flows and can find their own growth.”

    Tata Steel has 22 subsidiary companies, including listed companies such as Tata Sponge and Tata Metaliks. About half of these were loss making, according to the fiscal 2016 results. The company, which once owned the biggest steel plant in the British Empire, currently is in the process of closing down Tayo Rolls, a loss making business. It has earlier existed non core operations. such as the Dhamra Port and its Sri Lankan subsidiary. However, its recent bid to merge Metaliks with itself was not successful due to delays in regulatory approvals.

    Source : Economic Times
  16. forum rang 10 voda 28 juni 2017 16:40
    SAIL eying South Africa and Canada for coking coal import - Report

    Live Mint reported that Steel Authority of India is keen to cut down its dependence on Australian firm BHP Billiton for coking coal import and is readying a Plan B with countries like South Africa and Canada on mind. As per report, SAIL is a buyer of around 12 million tonnes with 9 to 10 million tonnes come from Australia (BHP Billiton) and with the supply by BHP ifluctuating, sometimes SAIL is not able to supply on time, making SAIL look at other options.

    The report quoted an official as saying that “SAIL is exploring options of importing metallurgical coal from nations like South Africa and Canada. Recently, some of the companies from South Africa and Canada met a senior official in the steel ministry on the issue.”

    Other than Australia, SAIL sources coking coal from countries like New Zealand, Mozambique and the US.

    In 2017-18, the state-owned company is planning to import around 10-12 million tonne of coking coal.

    Source : Live Mint
  17. forum rang 10 voda 28 juni 2017 16:41
    Evraz hit by cyber attack but output unaffected - Report
    Published on Wed, 28 Jun 2017

    Reuters reported that Russian steelmaker Evraz said on Tuesday its information systems had been hit by a cyber attack but its output was not affected.

    An Evraz spokeswoman said"Our main production sites are continuing work, there is not a threat to the safety of the companies or employees."

    Source : Reuters
  18. forum rang 10 voda 28 juni 2017 16:42
    Trump administration's steel protections won't help US industry or security

    US News reported that by any objective measure, imported steel is not a threat to US national security. Between domestic production and friendly foreign suppliers, the US military has access to all the steel it needs to maintain our national defense. National defense and homeland security combined required only 3% of steel shipments in the United States in 2015, according to the American Iron and Steel Institute. A similar Section 232 investigation in 2001 came to the commonsense conclusion that steel imports did not threaten US national security or "fundamentally threaten the ability of domestic producers to satisfy national security requirements."

    Imposing tariffs on imported steel would actually weaken America's industrial base. That's because a lot more US manufacturing companies consume steel as an input than make steel. While the steel industry itself directly employs about 140,000 American workers, steel consuming industries employ several million.

    Steel tariffs would also jeopardize US exports. If the United States wraps itself in the national security flag to justify protecting a politically connected industry, other nations will do the same. Tariffs will go up against key American exports, from computers to soybeans, disrupting even more US jobs.

    Protection would not even be good for the steel industry in the long run. Protected industries tend be lazy about innovation and customer service because they are shielded from normal market competition think the US Postal Service. A protected domestic market will render the US steel industry less able to face global competition in the future. It will spur domestic users to seek alternatives to steel, further reducing long-term demand.

    What is good for the US steel industry is not necessarily good for America as a nation. In fact, protecting the steel industry from foreign competition will allow steel companies and their unions to benefit at the expense of their fellow Americans, leaving our nation less prosperous and less secure.

    Source : US News
    Bijlage:
  19. forum rang 10 voda 28 juni 2017 16:45
    Vedanta plans capacity expansion - Mr Anil Agarwal

    Metals and mining baron Mr Anil Agarwal said that working on creating a natural resources giant anchored in India, Vedanta's dream has only just begun and it will invest USD 6 billion to USD 7 billion in expanding overall capacity in 3-4 years. Mr Anil Agarwal Vedanta Resources Plc Group Chairman told PTI in a phone interview that "Our dream has just begun. Faring very well financially during the last fiscal, we are looking for at least 60 per cent capacity addition in our businesses in three to four years.”

    He said that with the government's thrust on natural resources, the future is promising.

    Mr Agarwal said that "For expanding capacity by 60 per across segments, on a pro-rata basis we will be spending about USD 6 billion to USD 7 billion.”

    At the same time, he said, there should be more natural resources companies anchored in India.

    He said that India could be a natural resources powerhouse with its abundant natural wealth.

    Mr Agarwal said that "We are far behind on exploration front. Our exploration of natural wealth is minuscule when we compare it with advanced nations like the US and Australia adding that government thrust could change the scenario.”

    He said that the company is aspiring to produce 50% of India's oil production as "it wants to cut on huge import bills.”

    Source : Press Trust Of India
    Bijlage:
  20. forum rang 10 voda 28 juni 2017 16:47
    BHP mine investment may restore trust

    The Australian reported that BHP’s looming USD 3.2 billion (AUD 4.2 billion) investment in the new South Flank iron ore mine will not only maintain the mining giant’s Pilbara output but could strengthen community trust that has come under strain in recent years, according to Mike Henry, BHP’s president of Australian ­operations.

    BHP announced it had committed USD 184 million to early construction works at South Flank deposit, which is expected to replace the 80 million tonne a year Yandi mine when it runs out of ore next decade.

    The mining giant also revealed that the South Flank project was expected to cost between USD 30 and USD 40 a tonne of annual production capacity, which would make it the single biggest new mining project in Australia since the construction of Gina Rinehart’s Roy Hill mine.

    In Perth, Mr Henry said the project would create several thousand jobs during construction as well as “many hundreds” of longer-term operational jobs. He said the project would help repair the “social contract” that had started to fray in recent years as investment from the resources sector slowed and job cuts across the industry accelerated, amid a broader “erosion of trust” in big business in Australia, in line with the broader trend of rising populism and nationalism around the world.

    Mr Henry said that “The reality is society quite justifiably expects companies like mine to not only operate within the law, but to ensure a sustainable quid pro quo in terms of ongoing investment, job creation, upskilling, support to ensure sustainable communities, and of course ongoing opportunities for local businesses to share in the wealth pie.”

    BHP and fellow mining giant Rio Tinto were the target of a proposed USD 5 a tonne iron ore levy put forward by the Nationals Party in WA ahead of the last election, a potential USD 3 billion a year impost for the duo. But the resounding win by the Mark McGowan-led Labor Party has killed off the prospects for such a charge, and Mr Henry said the trust between the miner and the state had been reaffirmed by the stable policy of the new government.

    The Nationals’ additional iron ore tax plan, which remains a key plank of the party’s policy platform in WA, is one of several notable new policies targeting big business in Australia in recent months, such as the bank levies proposed by both the federal and South Australian governments, the review of the petroleum resource rent tax and the new liquefied natural gas export restrictions floated by the Turnbull government.

    But Mr Henry, who will ultimately be responsible for convincing the BHP board to sign off on the South Flank investments, said there had been other encouraging policy decisions in Australia that would help the nation’s prospects for attracting more investment.

    Source : The Australian
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