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Free Weekly 11 - 12 May 2013

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Immigration employer awareness seminar in Port Hedland Immigration outreach officers

SkillSelect,” the Department

responsibility for checking to

will visit Port Hedland on May

said.

ensure that the workers they

14 to conduct an information seminar

about

sponsored options

skilled and

SkillSelect

is

an

online

employer-

service that connects Australian

migration

employers with potential skilled

to

explain

use are allowed to work in Australia. This will include information

streamlines

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.

working

notices for employers or labour

A

spokesman

Department

of

from

the

Immigration

migrants

and

in

Australia

on

suppliers of illegal workers.

temporary skilled 457 visas. “Our

officers

provide

a

The

information

seminar

and Citizenship said significant

range of information about

will take place on May 14 from

changes

temporary

6:30-8pm at the JD Hardie

to

the

employer-

sponsored skilled visa program

or

permanent

employer-sponsored

visa

were introduced on July 1,

options and the concessions

2012.

available

“The seminar will provide an overview of these changes, including information about

for

regional

Zone,

Cottier

Drive,

South Hedland. Bookings for the seminar are essential.

applicants.” The

Youth

seminar

will

also

educate businesses about their

Email

roo.wa@immi.gov.au

or phone 9415 9705.

Financial Markets

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

and

Simon

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

diamonds.

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.

Production

covers

major

commodities

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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K 21

Brad

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  

Echo 247 11 May 2013

Echo 247 11 May 2013  

Echo 247 11 May 2013

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