Territory Stories

The Northern Territory news Fri 4 Jan 2013



The Northern Territory news Fri 4 Jan 2013

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NT news


The Northern Territory news; NewspaperNT




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Community newspapers -- Northern Territory -- Darwin; Australian newspapers -- Northern Territory -- Darwin

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Nationwide News Pty. Limited

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Copyright. Made available by the publisher under licence.

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Nationwide News Pty. Limited



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www.ntnews.com.au Friday, January 4, 2013. NT NEWS. 35 P U B : NTNE-WS-DA-TE:4-JAGE:35 CO-LO-R: C-M Y-K ntnews.com.aul l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l l BUSINESS Saved from the glue trap by a squeak Some banks may have to resort to catching rodents using alternative techniques such as this brave souls gloved-hand effort after banning glue traps Many animalswill chewoff their own limbs SYDNEY: While US banks celebrate avoiding the fiscal cliff, mice residing in Australias financial institutions are also squeaking a sigh of relief in 2013. People for the Ethical Treatment of Animals Australia yesterday announced ANZ, Westpac Corporation, Commonwealth Bank, Virgin Money Australia and Suncorp have introduced policies against the use of glue traps in their offices and branches. According to PETA, glue traps are devices coated with strong adhesives that can trap small animals, including mice, rats, birds and even kittens, and are prohibited for public use in Victoria, the ACT and Tasmania. Once caught in these devices, the animals struggle to escape, becoming more ensnared in the glue, a PETA statement said. Death, which can take more than 24 hours, results from exhaustion, shock, dehydration, asphyxiation or blood loss. Many animals will chew off their own limbs in an attempt to escape. PETA spokesman Jason Bake said the institutions had shown that glue traps have no place in businesses. Warning on smokes cover-up SYDNEY: Tobacco companies that try to circumvent the governments cigarette plain-packaging laws with branded tins or stickers that hide graphic health warnings will face legal action, federal Health Minister Tanya Plibersek warns. If people deliberately flout these laws, then we will consider and potentially take legal action against them, the minister said yesterday. The world-first laws requiring all cigarettes be sold in olive-brown packs came into force on December 1. Ms Plibersek said early anecdotal evidence showed the new packaging was having a psychological effect on smokers. The fact people felt the need to cover the warnings showed it was working. Oil falls as caution returns SINGAPORE: Oil prices are down in Asian trade with the initial euphoria over the fiscal cliff deal in the United States fading. Caution returned to markets yesterday, with traders realising tough battles still lie ahead even after the lastminute deal struck by feuding Republicans and Democrats in the US Congress. New Yorks main contract light sweet crude for delivery in February, dropped 18c to $92.94 a barrel in the afternoon and Brent North Sea crude for February delivery shed 29c to $112.18. The market lost steam after the excessive buying of oil in reaction to the passing of the US fiscal cliff deal, said Victor Shum, managing director of IHS Purvin and Gertz in Singapore. Fortescue shares jump By KIM CHRISTIAN HE SAID IT MICHAELMcCARTHY chief market strategist CMCMarkets Improved iron ore prices have been one of the key drivers PERTH,: Fortescue Metals Group (FMG) shares are heading towards a six-month high after breaking through $5 amid global optimism and an increase in the price of iron ore. The Pilbara-focused iron ore miner closed 2.4 per cent higher at $5.04 yesterday, putting paid to speculation about its profitability in the wake of weak commodities prices in 2012. It was the first time the stock had closed above $5 since July 4, 2012, when it finished the local trading day at $5.05. Enthusiasm for debt-laden Fortescue comes a week after it announced work would resume on expanding the Kings deposit at its Solomon iron ore mining hub later this month after a rebound in commodity prices. Fortescue chief executive Nev Power said the company would extract an extra 40 million tonnes per annum (mtpa) of iron ore from Kings, allowing the miner to reach its total production target of 155mtpa by December. The price of iron ore reached $US144.90 a tonne yester day, almost 70 per cent higher than the $US86 to which prices fell in September. In line with the depressed iron ore price at the time, Fortescues shares reached a low of $2.97 that month. The stock has gained almost 30 per cent over the past month. Improved iron ore prices have been one of the key drivers in the recent rises in Fortescues price, CMC Mar kets chief market strategist Michael McCarthy said. Were now clearly back into profitable production territory for Fortescue. It adds to that much better picture weve got since they announced their debt financing deal and their plans to look at their investments schedule, and perhaps bring back on track planned production theyd put on hold. Nine looks at share float MELBOURNE: Nine Entertainment is inching towards what is likely to be one of the biggest floats of the year, industry experts believe. Amid speculation the broadcaster wants Peter Costello to join its board, analysts say an initial public offering is likely towards the end of the year. Mr Costellos office told BusinessDaily the former federal treasurer was not commenting on rumours he was one of nine prominent figures approached to serve as an independent director on a new board. IG Markets equities strategist Evan Lucas said if the network did list it would likely be the biggest float of the year. It would be a top 50 stock in terms of value, he said Miclyn pulls out of Iran AUSTRALIAN-LISTED company Miclyn Express Offshore has withdrawn its oil and gas maritime vessels from Iran. The decision had been a difficult balance between its legal and ethical responsibilities under sanctions, commercial considerations and concern for the safety of its personnel, the company said. In the end a decision was made to make an immediate, unannounced withdrawal to ensure the safety of the companys people and recovery of its vessels, it said. Miclyn will make a $US5.4 million ($5.14) provision for receivables and deposits it is not confident it can recover. It said it expected to redeploy the vessels elsewhere in the Middle East. Wolf names new leaders ADELAIDE: Mongolian businessman George Tumur has been appointed joint chairman of Wolf Petroleum as the company continues its transformation into a Mongoliafocused oil explorer. Mr Tumur is one of several Mongolian businessmen appointed yesterday to senior positions at the Adelaide-listed company, which changed its name from Strzelecki Metals in November last year. Bataa Tumur-Ochir has been named the companys new chief executive, while Jargalsaikhan Dambadarjaa has been appointed as a company director. Wolf Petroleum said the appointments would assist the company to become a significant player in the north Asian countrys rapidly growing oil industry.