Territory Stories

The Northern Territory news Wed 22 Feb 2012



The Northern Territory news Wed 22 Feb 2012

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NT news


The Northern Territory news; NewspaperNT




This publication contains may contain links to external sites. These external sites may no longer be active.




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

Publisher name

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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22 NT NEWS. Wednesday, February 22, 2012. www.ntnews.com.au P U B : N T N E W S D A T E : 2 2 -F E B -2 0 1 2 P A G E : 2 2 C O L O R : C M Y K One Stop for commercial cleaning needs EQUIPMENT... CHEMICALS... ACCESSORIES... PAPER... Showroom 82 Winnellie Rd Winnellie NT 0820 P: 8984 4662 F: 8947 2801 www. harveydistributors.com.au Harv ey Who ? e r1 0 0 4 0 2 /1 1 Attention Exporters Did you know financial assistance is available? Are you considering exporting goods or services overseas? Do you have opportunities to increase your existing exports or target a new export market? The Trade Support Scheme (TSS) may be able to help you. The TSS can help offset the cost of your business export marketing and promotional activities. The TSS can help with the costs of: Its free to apply for assistance through the TSS and all applications remain confidential. For further information visit www.nt.gov.au/tradesupport telephone 8999 5329 or email tradesupport@nt.gov.au www.growingnt.nt.gov.au BUSINESS WEEK 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 ntnews.com.au View of Central 38, to be built by developers Gina Gamble and David Cvirn on the site of the Anthony Plaza on Smith St Stores reach for the skies It will establish a new level for retail development in Darwin By CONOR BYRNE A NEW, $45 million development in Darwins Smith St Mall will have upmarket shops and office space. The Central 38 building will be on the Anthony Plaza site, which now houses about a dozen small shops. There will be 200 private car parks and 287 council car parks, as part of a deal that is in final negotiations. The project will be built by GAJ Nominees general manager David Cvirn and developer Gina Gamble. Mr Cvirn expected the project to create about 100 construction jobs with a strong influence in supporting local contractors and indigenous employment opportunity. He believes the building illustrates the continuing confidence in the city and Darwins economy generally. The building will be a minimum of eight storeys high, with seven of carparking behind the facade. Mr Cvirn said car parking would take up about twothirds of the building. The initial design has been scaled back somewhat, he said. It will establish a new level for retail development in Darwin, unlike anything built to date. The original idea was for a 21-storey skyscraper but the project was scaled back after a NT Government office contract went to the Paspaley Charles Darwin Centre further up Smith St Mall. GAJ Nominees does not have a joint-venture agreement with Qualitas as reported last week. The walkway to Austin Lane will not go ahead. byrnec@ntnews.com.au OneSteel cuts jobs PERTH: OneSteel plans to cut 430 jobs in the next four months in order to cut costs after posting a $74 million first half loss. The company said it planned to slash the jobs by the end of June after cutting 300 employees and 170 contractors and casuals last year. The steel maker and miner said the additional job reductions would save about $90 million. Of this figure, $40 million would be saved from its manufacturing business, $30 million from distribution, $12 million from recycling operations and $8 million from corporate divisions. OneSteel did not indicate if the jobs would be shed from its flagship steelworks at Whyalla, South Australia. The company in August 2011 said it was considering further job cuts after axing about 1500 positions since the global financial crisis in 2008. It did not rule out closing the Whyalla facility amid weak steel demand and a high Australian dollar. OneSteel yesterday said it was making progress with opportunities to divest or close underperforming steel businesses. The review could have implications for its financial 2011-12 results, the company said. OneSteel reported a $74 million net loss for the six months to December 31, compared with a net profit of $116 million for the prior corresponding period. It included a $130 million impairment charge related to the writedown of the assets of the LiteSteel Technologies businesses in the US and Australia. Emeco digs in for a big year SYDNEY: Earthmoving equipment provider Emeco is making the most of the resources boom, after posting a 20 per cent rise in first-half profits. The company yesterday said net profit in the six months to last December 31, was $28.9 million up from $24.1 million in the prior corresponding period. Chief executive Keith Gordon said demand for Emecos services grew in the half because of increased production activity in the resource sector.