Hi Prospector

One other option worth considering… Offer the vendor $1000.00 for an extension on your contract.
If they accept, contact one of the brokers on this thread, all of whom have demonstrated that they understand property finance more thoroughly than your present broker. The savings they will gain for you will far outweigh the $1000.…[Read more]

Gina is thirsty. Buying more water for her Galilee projects. I get the impression she expects something will happen there…

http://www.cqnews.com.au/news/farmers-11m-water-gamble-last-throw-of-the-dice-by/1605979/

Another sign of improved relations between BMA and the CFMEU

http://www.dailymercury.com.au/news/bhp-drops-compo-claim-against-cfmeu-after-dispute-/1606129/

Also an article about Kevin's Corner mine proposal in the Galilee Basin. Dubstep has posted more under Alpha heading.

http://www.cqnews.com.au/news/gina-pushes-on-despite-drop/1602991/

And here a current summary of the major coal mine projects currently underway in Qld.

http://www.dailymercury.com.au/news/no-holding-big-miners-back/1601418/

Here's a news article about a proposal for India's Coal Ministry to monitor  coal acquisitions quarterly over concerns that the supply demand gap is widening partly as a result of slow progress developing  foreign acquisitions. The article mentions an expectation that India will need to import 185-200 million tons of coal by 2017 (current…[Read more]

Hi fingerscrossed

It's unusual for the Chinese government to show so much concern for the loss of a few coal miner's lives. The article doesn't mention how much coal those "small" mines produce, or the percentage of the country's total production, but it seems unlikely that they would close mines that have  production significant enough to impact…[Read more]

In most cases the contract is "subject to finance", however there is usually a date, generally only a few weeks after initially signing the contract, by which time the purchaser must notify the vendor that they have organized their finance. Of course, there is no possibility of the banks guaranteeing to loan the money at the anticipated much later…[Read more]

Hi Jack

I searched Queensland newspapers for more detail on the agreement between BMA and the CFMEU. Not much publicity yet, expect there will be more tomorrow. I found an article in the Mackay Daily Mercury, link below. It seems as though BMA caved in on the contentious issue regarding their previous insistence that their own employees should be…[Read more]

Hey Freckle, admittedly exploration and approval for additional mines will be an extended process, but the immediate potential for more discoveries of iron ore, gold, uranium and associated minerals is high with the greater access which will be available to mining companies.

"You'll be bouncing great grandkids on your knee by the time mining…[Read more]

Very true, Jack. The Indian's obviously need the coal, and are moving aggressively to secure supply from Australia. Short-term drops in the price will not deter them from proceeding with acquisition and development, as major players obviously have their eye on the bigger picture and longer outlook. If the current low prices have any affect at…[Read more]

The Federal Government has officially lifted the moratorium on mining exploration in the Woomera Protected Area, allowing exploration to take place in a little explored area comprising 13% of the state. As Terry Ryder points out in the second link below, this important announcement has received very little publicity, but holds great significance…[Read more]

Gillard and Co. can always point to somewhere where the mining investment environment is less appealing than the one they've created in Australia. Replacing 15,500 employees will be a costly exercise for Anglo. And it looks as though things are set to get worse before they get better there.

moxi10 wrote:
Arrogant thick-skinned bastards. That does it for me. They're losing my support.  I'll be walking.

Westsuc lower rates 0.18%. They make it very difficult for me to regret my earlier hasty comment.

Jamie M wrote:
Before you jump ship – the original post from Richard about ANZ increasing rates was in Feb. This isn't something that's happened recently.

Cheers

Jamie

Ha Ha

After I couldn't find confirmation anywhere that the banks had raised rates I wondered what was going on. As Tom said, I thought ANZ and Westpac were out of their…[Read more]

Arrogant thick-skinned bastards. That does it for me. They're losing my support.  I'll be walking.

Hmmm….His tax assessment would make an interesting read. I don't envy his accountant's job.

More Coal Mining Jobs As India Looks To Invest

Xstrata & Glencore’s $31b merger

/http://www.dailymercury.com.au/story/2012/10/03/cfmeu-sued-for-24m-by-mines-/

http://www.dailymercury.com.au/story/2012/10/03/house-rent-prices-plummet-mackay/

bardon wrote:
the fishing is also deductible if it constitutes tax advice.

Bardon I wish I'd known that sooner. Now I'll have to get an amendment on last year's tax assessment.

Peachy what an ordeal your plumbing has become. One other suggestion which might help is for you to contact the Queensland branch of the Master Builders Association…[Read more]

Peachy one other thought to keep in mind is that a quick trip to mackay is tax deductible in the year that expense occurs as a property inspection. When considering possible expenses in the thousands of dollars, being on site to make decisions, aside from peace of mind, could save you money. It's also prime fishing season there now, so treat…[Read more]

Hi Peachy

If the leak is under the slab, it almost certainly existed prior to your purchase, as the pipes would be protected from any damage by the slab. So in fact, unless the house is very old and the pipes have corroded severely, the damage to the pipes may have occurred during construction. At 1 litre /sec, the leak should have been obvious…[Read more]