Date: 27th August 2015
Jemena is considering to merge a gas storage factory from Energy Australia Pty (Chinese)
By Sohu.com, 26 August 2015
Acxording to a report from the Sydney Morning Herald, Jemena, a firm being hold by State Grid Corporation of China, started to assess the facilities of the factory, but they have not made the final decision. The whole M&A plan might cost 1 billion AUD. The other two competitive bidders are APA and QIC, both Australian domestic firms. At the moment, Jemena is responsible for gas and electricity supply for QLD, ACT and NSW.
Commodities prices being dropping, who is suffering? (Chinese)
By yicai.com, 25 August 2015
According to Jimmy Wilson, the CEO of BHP Billiton, due to the slowing down of the industrialization process in China, the price of iron ore will return to a reasonable range between 45 to 60 USD. There are 3 major mining corporations concentrating on their business in Australia, including BHP, Rio Tinto and FMG. Mining products export account for 57.1% of Australia total export, which means it is extremely significant for the whole Australia economy.
Westpac-Department of Industry and Science China Resources Quarterly (English)
By Australian Department of Industry and Science, 13 August 2015
The principal sources of weakness remain building activity and heavy industry, with services consumption and infrastructure capex providing partial offsets. Demand for imported raw materials has been reasonable in volume terms, but the overall import bill has declined due to steep falls in metals, energy and certain food prices.
State Grid is seeking to purchase Trans Grid (Chinese)
By Sina Finance, 14 July 2015
According to Bloomberg, State Grid of China and the Infrastructure & Real Estate department of Macquarie Group show their strong interests in purchasing Trans Grid which a electricity supplier in NSW. The NSW government announced their privatization plan in June, in order to raise 20 billion AUD to fund the construction of railway, universities, roads and hospitals. Selling Trans Grid is part of the huge plan.
This brief summarises a range of publicly available news articles in both Chinese and English and AustCham takes no responsibility for the accuracy of the information in these articles. In addition, the views and opinions reflected in these articles are not necessarily representative of AustCham’s stance.
For more details on how to get involved in the AustCham Beijing Energy Working Group, please contact Andrew Britz.
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