echobusiness echo business
Free Weekly 11 - 12 May 2013
Immigration employer awareness seminar in Port Hedland Immigration outreach officers
SkillSelect,” the Department
responsibility for checking to
will visit Port Hedland on May
ensure that the workers they
14 to conduct an information seminar
service that connects Australian
employers with potential skilled
use are allowed to work in Australia. This will include information
about new laws recently passed
new laws and penalties for
the pathway to permanent
by Parliament, which introduce
employing or referring people
residence for people already
civil penalties and infringement
who are not allowed to work.
notices for employers or labour
suppliers of illegal workers.
temporary skilled 457 visas. “Our
and Citizenship said significant
range of information about
will take place on May 14 from
6:30-8pm at the JD Hardie
sponsored skilled visa program
were introduced on July 1,
options and the concessions
“The seminar will provide an overview of these changes, including information about
South Hedland. Bookings for the seminar are essential.
educate businesses about their
or phone 9415 9705.
Rio Tinto welcomes two new robots to Cape Lambert The first two of four new robots from Germany joined the team at Rio Tinto’s Cape Lambert port this week to commence their onsite training. The training will enable the robots to play a key role in ensuring iron ore product meets required specifications. For the several years Rio Tinto has had three robots named Buzz, Woody and Spooky working in their sample station in Dampier, and the race is on to find a name for the newest mechanical recruits. Rio Tinto is currently running a competition for children from Wickham Primary School to name the new sample station robots, worth about $450,000 each and weighing in at 2450kgs. Sixteen students will be selected as finalists for the competition and taken on a site tour to be introduced to the new robots. The robots are 2.5m tall and will have an impressive reach of 3.1m once they are fully operational in August. Roberts
The sample station robots are designed to work in pairs, and have to be individually trained by remote control, a process that takes months. When they arrive on site their training is further fine-tuned to the specific tasks they must undertake on a daily basis. Wickham Primary School principal, Katrina van Straalen, was pleased with how the children were using their imaginations to come up with some original ideas while learning more about the operations at Cape Lambert. “The presentation provided a great tool to help the students understand Rio Tinto’s work at Cape Lambert and the robot naming gives them the opportunity to be involved”, said Ms van Straalen. “I am really looking forward to seeing what names they come up with.”
US markets steamed ahead this week with the S&P 500 and Dow Jones closing up 0.97 per cent and 0.81 per cent respectively after some strong corporate earnings from the likes of Facebook and Pfizer. Aussie markets followed the US lead and
finished the week in the green with the ASX200 closing Friday May 3 up 0.63 per cent. The mining sector continues to be a grave concern as commodity prices continue to fall. BHP Billiton’s dividend yield is now almost equal to that of Woolworths, so one would have to think that soon investors chasing yield will prevent any further rot to the price.
Stock Tip of the Week BHP Billiton Ltd (BHP) – BUY
BHP is a well-managed global resource leader
iron ore, coking coal, energy coal, nickel, and
with a balanced portfolio of world class, long
life assets, and a full suite of conventional energy products. The world´s largest diversified resources company has many prime assets well located
Diversification lends comfort from a sovereign and commodity risk perspective. With an estimated fully franked dividend
to service Asia. The key is low cost operations
yield of ~3.3 per cent, it is now an attractive
and a strong balance sheet.
prospect for yield seeking investors.
including petroleum, alumina, copper, gold,
Hartleys rates BHP as a BUY with a valuation of $50.00.
Brenton Reynolds is a representative of Hartleys Limited ABN 33 104 195 057, AFSL No 230052. Information in this column is for general interest only. Always seek professional advice before making any financial decision. Hartleys, as Principal, its directors and/or employees and their associates may hold securities in companies mentioned in the above column from time to time. Hartleys is a Western Australian based financial services company which specialises in Corporate Finance, Stockbroking, Wealth Management, Institutional Sales and Research services.
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Forwood from Rio Tinto’s Asset Strategy recently visited students to give a presentation showing pictures and videos of what the robots do and how they will work together to complete their roles.
By Brenton Reynolds
Echo 247 11 May 2013