|By PR Newswire||
|October 25, 2012 11:09 PM EDT||
MELBOURNE, Australia, Oct. 25, 2012 /PRNewswire/ -- Peabody Energy Chairman and CEO Gregory H. Boyce today called for the establishment of a National Commission on Minerals Sector Export Competitiveness to ensure Australia's resource sector policies serve the long-term national interest.
During a presentation to business leaders, public officials and media at the Melbourne Mining Club, Boyce said Australia's federal and state governments need to take a holistic approach to promoting the resource sector's competitiveness and ensuring Australia is positioned to take full advantage of opportunities presented by the Asia-Pacific region's large-scale urbanization in the decades ahead.
"Recent news of cutbacks and project cancellations across Australia's mining sector can't be attributed solely to the global macroeconomic backdrop or current pricing," said Boyce. "The fact is that inflationary pressures, a strengthening Australian dollar, permitting delays and a barrage of additional tax burdens at both a federal and state level have compromised Australia's international competitiveness."
Boyce said a National Commission, comprised of representatives from federal and state government as well as the private sector, should work together to formulate a 30-year strategy to promote Australia's resource sector competitiveness.
"In the coal sector, we undertake 'life of mine' planning – and we in Australia also need to adopt the same long-term approach to protecting the sustainability of the mining sector," said Boyce. "Federal and state governments have assumed that plugging budget holes by placing additional tax burdens on the resource sector would not affect its competitiveness, but a steady stream of news on industry cutbacks has shown clearly that this is not the case."
"Extreme policies threaten to undermine Australia's role as a global resources leader," said Boyce. "One of the immediate goals of a National Commission should be to re-evaluate the Carbon Tax, MRRT and State Royalties and assess their collective impact on the sector."
Boyce said that with emerging competitors entering the global coal sector, Australia would face a steep opportunity cost for failing to stay competitive.
"Five years ago countries like Mozambique weren't part of the global coking coal conversation. Today, Mozambique, Mongolia and Indonesia are seeing opportunity and creating threats to what should be Australia's natural advantage," said Boyce. "Despite current market headwinds, the long-term fundamentals for coal remain strong and Australia has both the national endowment and the geographical advantage needed to serve Asia's high-growth demand centers – so long as we don't ignore the global laws of economic returns."
Boyce noted that he first worked in Australia more than two decades ago and had seen firsthand the Australian coal sector's extraordinary growth story. Since Boyce joined Peabody in 2003, the company has been one of the fastest growing coal companies in Australia with major coal acquisitions in 2004, 2006 and 2011 and multiple mine expansions.
"We are committed to Australia and its success," said Boyce. "It is now up to Australia's leaders to take the action necessary to ensure that Australia's coal sector retains its position as a global leader and continues to fuel the nation's economy for decades to come."
Peabody Energy is the world's largest private-sector coal company and a global leader in sustainable mining and clean coal solutions. The company serves metallurgical and thermal coal customers in more than 25 countries on six continents. For further information, go to PeabodyEnergy.com and CoalCanDoThat.com.
SOURCE Peabody Energy
In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect at GE, and Ibrahim Gokcen, who leads GE's advanced IoT analytics, focused on the Internet of Things / Industrial Internet and how to make it operational for business end-users. Learn about the challenges posed by machine and sensor data and how to marry it with enterprise data. They also discussed the tips and tricks to provide the Industrial Internet as an end-user consumable service using Big Data Analytics and Industrial C...
Jan. 28, 2015 01:00 AM EST Reads: 2,699
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happe...
Jan. 28, 2015 12:30 AM EST Reads: 2,882
"SOASTA built the concept of cloud testing in 2008. It's grown from rather meager beginnings to where now we are provisioning hundreds of thousands of servers on a daily basis on behalf of customers around the world to test their applications," explained Tom Lounibos, CEO of SOASTA, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 28, 2015 12:00 AM EST Reads: 2,421
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
Jan. 28, 2015 12:00 AM EST Reads: 3,945
The Industrial Internet revolution is now underway, enabled by connected machines and billions of devices that communicate and collaborate. The massive amounts of Big Data requiring real-time analysis is flooding legacy IT systems and giving way to cloud environments that can handle the unpredictable workloads. Yet many barriers remain until we can fully realize the opportunities and benefits from the convergence of machines and devices with Big Data and the cloud, including interoperability, ...
Jan. 27, 2015 11:45 PM EST Reads: 2,632
“The year of the cloud – we have no idea when it's really happening but we think it's happening now. For those technology providers like Zentera that are helping enterprises move to the cloud - it's been fun to watch," noted Mike Loftus, VP Product Management and Marketing at Zentera Systems, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 27, 2015 10:30 PM EST Reads: 2,014
BMC Software plans to acquire assets of CDB Software, Inc., a mainframe data management company that has developed utilities for managing IBM DB2 databases with virtually no outage. Focusing on the availability of mission-critical applications is strategic for BMC as it continues to help its customers transform IT into a competitive advantage for their business. CDB's technology complements BMC's existing mainframe data management portfolio, which includes software utilities for DB2 administrat...
Jan. 27, 2015 09:00 PM EST Reads: 796
IoT is still a vague buzzword for many people. In his session at @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, discussed the business value of IoT that goes far beyond the general public's perception that IoT is all about wearables and home consumer services. He also discussed how IoT is perceived by investors and how venture capitalist access this space. Other topics discussed were barriers to success, what is new, what is old, and what th...
Jan. 27, 2015 06:15 PM EST Reads: 3,950
The Internet of Things (IoT) promises to evolve the way the world does business; however, understanding how to apply it to your company can be a mystery. Most people struggle with understanding the potential business uses or tend to get caught up in the technology, resulting in solutions that fail to meet even minimum business goals. In his session at @ThingsExpo, Jesse Shiah, CEO / President / Co-Founder of AgilePoint Inc., showed what is needed to leverage the IoT to transform your business. ...
Jan. 27, 2015 06:15 PM EST Reads: 3,181
"ElasticBox is an enterprise company that makes it very easy for developers and IT ops to collaborate to develop, build and deploy applications on any cloud - private, public or hybrid," stated Monish Sharma, VP of Customer Success at ElasticBox, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Jan. 27, 2015 06:00 PM EST Reads: 2,485
Dale Kim is the Director of Industry Solutions at MapR. His background includes a variety of technical and management roles at information technology companies. While his experience includes work with relational databases, much of his career pertains to non-relational data in the areas of search, content management, and NoSQL, and includes senior roles in technical marketing, sales engineering, and support engineering. Dale holds an MBA from Santa Clara University, and a BA in Computer Science f...
Jan. 27, 2015 06:00 PM EST Reads: 3,152
Software AG and Wipro Ltd. have announced a joint solution platform for streaming analytics that provides real-time actionable intelligence for the Internet of Things (IoT) market. “The key to successfully addressing the IoT market is the ability to rapidly build and evolve apps that tap into, analyze and make smart decisions on fast, big data”, said John Bates, Global Head of Industry Solutions and CMO, Software AG. To address the huge market potential created by streaming analytics in conj...
Jan. 27, 2015 06:00 PM EST Reads: 822
The Internet of Things (IoT) is rapidly in the process of breaking from its heretofore relatively obscure enterprise applications (such as plant floor control and supply chain management) and going mainstream into the consumer space. More and more creative folks are interconnecting everyday products such as household items, mobile devices, appliances and cars, and unleashing new and imaginative scenarios. We are seeing a lot of excitement around applications in home automation, personal fitness,...
Jan. 27, 2015 06:00 PM EST Reads: 2,892
OneCloud Software has launched the OneCloud Partner Program. Responding to demand from prospective partners, the Program offers managed service providers (MSPs) and resellers the resources they need to grow their business with the OneCloud Recovery solution. OneCloud Recovery is an automated solution for disaster recovery/business continuity (DR/BC), which leverages Amazon Web Services as the disaster recovery site. “This is a tremendous opportunity with an innovative hybrid cloud-based DR pro...
Jan. 27, 2015 04:15 PM EST Reads: 617
Cloud Technology Partners on Wednesday announced it has been recognized by the Modern Infrastructure Impact Awards as one of the Best Amazon Web Services (AWS) Consulting Partners. Selected by the editors of TechTarget's SearchDataCenter.com, and by votes from customers and strategic channel partners, the companies acknowledged by the Modern Infrastructure Impact Awards represent the top providers of cloud consulting services for AWS including application migration, application development, inf...
Jan. 27, 2015 03:00 PM EST Reads: 1,395