珀斯在衰退吗？

8080

From: http://www.abc.net.au/news/2014- ... re-iron-ore/5792898

BHP and Rio Tinto both to ramp up iron ore production amid major slump in price

Despite the price of iron ore hitting five-year lows, the country's two largest miners both plan to mine and ship more.

BHP Billiton has announced it will boost production by an additional 65 million tonnes over the next three years.

At the same time, it says it will cut costs by 25 per cent.

Rival miner Rio Tinto announced plans last week to ship a further 40,000 tonnes a year by 2015.

Audio file not found
Audio: Hear analyst Mark Pervan's thoughts on BHP cuts (ABC Rural)
Unlike newer and smaller iron ore miners like Atlas Iron and BC Iron, which are both struggling with high production costs, the big two are able to benefit from decades of mining and infrastructure they already have in place in Western Australia's Pilbara region.

BHP Billiton president of iron ore, Jimmy Wilson, says cost-cutting will make the company the lowest-cost producer of iron ore in Australia.

It is expected to be able to reduce its cash cost to less than $US20 a tonne in the medium term.

"That's a reduction of more than 25 per cent on the average achieved in the 2014 financial year," Mr Wilson said.

Rio Tinto boss Sam Walsh has previously stated that Rio's costs of production were less than $US20.

That means both companies still receive a substantial premium at today's price of around $US79.

ANZ's head of commodities research, Mark Pervan, says BHP's announcement was expected by the market.

"I think what is a little surprising is that these large producers have enjoyed very strong margins and controlled, to some degree, the total supply of iron ore in the seaborne market," he said.
"They're kind of saying now, we're happy to relinquish some of the control over supply.

"I think that's the change in dynamic which we didn't see in the last decade... now there's more of a race on to maintain market share and forgo some profit margins."

Companies say steel demand to rise further still
A large part of the reason the price of iron ore has dropped more than 40 per cent since the start of the year has been the rapid expansion by Rio Tinto and BHP Billiton in Australia and Vale in Brazil.

But plans to expand output even further shows the confidence all three companies have in the need for iron ore for steel into the future.

BHP's Jimmy Wilson says despite there being significant stockpiles of iron ore in China, it's not the only market in the world.

"We continue to see healthy demand growth from China as it increases steel production by up to 25 per cent in the early to mid 2020s.

"Meanwhile, steel production growth in other countries in other emerging economies is outpacing China as those nations urbanise and industrialise.

"So we expect to see a compound annual growth rate for global steel production of between 2.5 and 3 per cent between now and 2030."

Coal moving ahead in Queensland despite low price also
Meanwhile, Chinese company China Stone is looking for environmental approval for a $6 billion thermal coal mine in Queensland.

Thermal coal, used in power stations, is at a low of around $US65 a tonne.

China Stone is planned for the Bowen Basin and the project is by Chinese company Meijin, under the auspices of local subsidiary Macmines Austasia.

China Stone has officially launched action to obtain Federal Government environmental approval despite large numbers of job losses in Australian coal mines recently.

civil3d

现在这个板感觉冷清了很多。不知道在澳洲的大家如何

8080

FROM: https://au.news.yahoo.com/thewes ... s-in-savings-drive/


Govt slashes 1500 jobs in savings drive

The State Government will seek 1500 voluntary redundancies as it looks to deal with mounting debt and the day-to-day costs of running Government.

Premier Colin Barnett said there was no option but to make "harsh and fundamental" spending cuts.

He said he expected a high take-up of redundancies.

Mr Barnett said the measures were in response to deteriorating budget conditions and reflected the State Government's determination to make savings across government.

"The combined effect of a fall in the iron ore price and cuts in the GST to WA means that while the broader WA economy is generally strong, state government revenue is bearing the burden," he said.

"It is important that the Government respond to these financial constraints by cutting spending in the public sector."

Treasurer Mike Nahan said the fall in the iron ore price - down 35 per cent from Treasury's 2014/15 budget assumption - had wiped about $2 billion off the State's expected revenue for the period.

The State Government said a revenue deterioration of that magnitude in less than six months was unprecedented and would significantly reduce its capacity to deliver a budget surplus this financial year.

The savings measures will include a 15 per cent cut in non-essential spending from 2015-2016, a 15 per cent cut for "non-essential" road maintenance for three years and a further 5 per cent cut across the board to the capital works budget.

There will also be an additional one per cent efficiency dividend across all government except schools.

Treasurer Mike Nahan announced interim dividends for Synergy, Western Power and Horizon.

This will bring $159 million of revenue forward to this year.

Mr Nahan estimated the measures will save $2 billion over the forward estimates.

Mr Barnett said he was "frustrated, bordering on angry" about today's announcements.

"We've been able to carry the loss of GST with strong mining royalties. That now has gone," Mr Barnett said.

"The double hit of falling iron ore prices and falling GST revenues means that now we have to make some very harsh and fundamental changes to the State Government Budget.

"We have no option but to decrease spending across the board."

Neither the Premier of the Treasurer could guarantee the Government will deliver a surplus in 2014-2015.

Earlier this week Mr Barnett told thewest.com.au that WA's State finances were in for a volatile ride.

"You can't guarantee something like that but my objective is to always run a surplus," he said.

"With the fall in iron ore price and further cuts to GST, that will be very difficult to achieve this year.

"The rapid fall in iron ore prices has punched a hole in our Budget."

with AAP

8080

FROM:   https://au.news.yahoo.com/thewes ... or-cancer-patients/

Shock slug for cancer patients


Patients face being hit with up-front bills of up to $2200 for cancer tests under little-known changes linked to the Abbott Government's plan for Medicare co-payments.

Details of the shock slug emerged at a Senate inquiry yesterday looking at the unpopular patient co-payment announced in the May Budget.

While the Government stresses $7 is a modest amount for patients to pay to see a doctor or have a scan or blood test, the Australian Diagnostic Imaging Association warns the financial burden will be much bigger for patients using expensive services such as X-rays and MRIs.

According to the ADIA, radiologists who continue to bulk bill and not collect the $7 would have the Medicare rebate cut from 95 per cent to 85 per cent, forcing them to charge patients a higher out-of-pocket gap.

A safety net for high cost diagnostic tests such as nuclear medicine and MRIs would also be abolished.

And all patients would have to pay up-front fees because Medicare's payment systems did not allow practices to claim the rebate directly from the Government and charge patients just the gap.

The ADIA estimated patients would pay up to $92 up-front for X-Rays, $160 for mammograms, $189 for ultrasounds, $383 for CT scans, $464 for nuclear medicine and $500 for MRIs. A patient having a PET scan for a malignant melanoma could pay $945 up-front.

However, with many cancers and other conditions requiring multiple scans and tests to diagnose, costs would escalate.

"We believe the cuts do go too hard," ADIA chief executive Pattie Beerens told senators.

Opposition Leader Bill Shorten said this "hidden trap" would make health care unaffordable for many people.

However, a spokesman for Health Minister Peter Dutton said the only out-of-pocket expense for a patient when they were charged a co-payment would be the $7.

Practices that charged the co-payment would receive the Medicare rebate directly as currently occurs with bulk-billed services.

"It is anticipated that this will be the approach taken by most diagnostic imaging providers for most patients," the spokesman said.

"Diagnostic imaging providers will continue to determine the fees they charge."

reyesv

西澳瓶鼻海豚 发表于 6-10-2014 10:12
你的见解太正确了，根据相关内幕人士消息-----

此时正是（收拾）一些小公司的好时机，虽然获利下降， ...

资产不够打不了价格战,利润空间薄弱的话死的最早的往往不是大公司...

好吧过于武断了,对于大公司来说,东方不亮西方亮,没有铁矿还有铝矿

小公司还有个啥- -

lowprofile

感觉属于一种通货紧缩的状况。

heluxuedd

这个还不错大家谈谈

symeteor

Tecmia 发表于 23-8-2014 20:42
悉尼的房价还在涨，在这样的背景下，买房是升值的（不管是什么房子）；
坛子里曾经有人说过：悉尼是国际土 ...

3年从80万升到100W。。。这个其实是不赚钱的
假设贷款是80*0.8=64万，按照澳洲平均利率7，3年利息是64*0.07*3=13.44万
买房80w的印花税一般在3W左右吧，卖房中介费2个点，这就又5W出去了
13.44+5=18.44万，这3年你又支出了什么council 费，各种房子保养维修费。。。
你觉得是赚了还是赔了？


很多人盲目的只看房子价值升了，就觉得赚钱了。。实际上仔细算算是另外一回事
如果单纯从收益上讲，如果没有房价的飞涨（至少10%每年的涨幅），长期持有房子是远远不如长期租房的。。。

sunny2006

symeteor 发表于 19-10-2014 10:06
3年从80万升到100W。。。这个其实是不赚钱的
假设贷款是80*0.8=64万，按照澳洲平均利率7，3年利息是64*0 ...

你住这个房子的租金不算上？

lowprofile

sunny2006 发表于 20-10-2014 16:24
你住这个房子的租金不算上？

自住房和投资房是两码事，自住房是消费品，区别是有人偏好经济耐用，有人偏好高附加值/奢侈品，只是在于能否负担得起房租。
投资房一年上涨少于10%基本就是赔钱了：
1.谁都不会全款买个投资房用于投资的，不是用于投资的情况另说。。。
2.负债的话一般都是努力靠全贷款，相应的需要支出贷款利息，靠房租进行反哺，高利率的时候，价格越贵的房子租金和利息差距越大，利率降到5%左右才刚好能持平，利息上涨的时候，房贷利息很快超过租金收入，大部分时候这个数值维持在2%-3%。
3.每年的维护成本基本上相当于房价的2%。
也就是说就算房价每年涨10%，直接被当年的维护成本和倒贴房贷利息消耗掉一半，剩下的一半也就是个存款利息而已。

lowprofile

Tecmia 发表于 23-8-2014 17:42
悉尼的房价还在涨，在这样的背景下，买房是升值的（不管是什么房子）；
坛子里曾经有人说过：悉尼是国际土 ...

有涨就有跌，我不是要唱空，但是造就京沪房产价格暴涨的原因是什么？
我只能说花无百日红，不及时抽身的人，最后都是黄粱一梦。

8080

号外：铁矿石（估计62%Fe）中国现货价格直降4%到新的五年低点72.10美金每吨

From: http://www.abc.net.au/news/2014- ... ve-year-low/5902044

Iron ore price slumps to new five-year low

The iron ore price tanked overnight on rising concerns about China's property market.
The commodity's benchmark spot price in China plunged 4 per cent overnight to a five-and-half-year low of $US72.10 a tonne.The price has now almost halved from the beginning of the year when it was worth more than $US130.
Overnight's price fall was brought on by news that new house prices in China are dropping as demand slows and stock rises.
The fall is expected to weigh on Australian mining stocks, which has saw earlier gains on the SPI 200 Index ease back to a rise of just 0.1 per cent at 8:30am (AEDT).
Wall Street was not too bothered by the falling ore price overnight, as traders focused on merger and acquisition activity and a pick-up in European investor confidence.
The S&P 500 hit another record high, rising 0.5 per cent to 2,052.
The Dow Jones added 0.25 per cent to 17,687.
The healthcare sector led gains, as investors continue to push stocks higher on yesterday's announcement that pharmaceutical giant Allergan is paying $US66 billion for Botox-maker Actavis.
Actavis shares gained 8.7 per cent and Allergan added 2 per cent.
Also keeping traders upbeat was data showing US wholesale prices unexpectedly rose from -0.1 to 0.2 in October, indicating a pick-up in demand.
Wall Street has been buoyant over the last month, it is now 10 per cent higher than the six-month low it hit mid-October, and has made gains in nine of the ten last sessions.
In Germany, a leading survey of investor confidence rose for the first time in almost a year, jumping from -3.6 to 11.5 in November.
As a result, markets saw strong gains: London's FTSE 100 added 0.6 per cent and the Eurostoxx 50 closed up 1.2 per cent.
Asian markets will be keeping an eye on Japan, after Prime Minister Shinzo Abe called an election two years ahead of schedule to get a fresh mandate for his economic reforms.
The Australian dollar is slightly higher than this time yesterday worth 87.2 US cents.
Gold rose to a two-week high on speculation the European Central Bank may purchase assets including bullion to counter low inflation.
It closed the session at $US1,197.25 an ounce.
West Texas crude closed down at $US74.50 a barrel while Tapis was slightly higher at $US79.47.

8080

8080 发表于 7-9-2014 10:59
估计铁矿石价格的底点应是明年或甚至是后年，因它需要时间来反映和消化这些影响。

上周好像铁矿石掉到大约85了。最低掉到80以下基本上是确定，最低掉到70是有可能的。

有些公司又在计划裁员了。
裁员减支后估计BHP和RIO可能他们的生产成本会降到35以下，卖70还赚一半多。

做生意总是有起落的。逢涨莫赶，逢跌莫懒！留得青山在，不怕没材烧。所以现在存好余粮过东，公司和个人生存/活下去是最重要的。

西澳2014/2015的预算会很吃紧呀，洲长又在抗议GST只能拿37%回来，一个洲养七个，连昆士兰好像都从西澳拿了5亿多的GST。更严重的它的预算案是建立在铁矿石均价大约112的模型上的，可现在铁矿石的实际状况可能会在平均80左右。

这些经济砖家拿那么高的工资，连铁矿石均价都估计错得这么离谱。  

铁矿石2014/2015均价想高于95除非温总二号的4万亿。...

旧帖重温。看来我这回又可能比很多砖家预计的状况更早更准
更正一下：网上资料：
力拓到中国铁矿石现货的所有成本大约30美金
必和和淡水到中国铁矿石现货的所有成本大约35美金,
掉到60美金三大头他们还有差不多成本100%的“暴利”，但是很多澳洲小矿/新矿可能会死很惨。

8080

旧帖重温 http://www.freeoz.org/ibbs/thread-1108921-1-1.html

8080

号外：铁矿石（估计62%Fe）中国现货价格降3%到新的五年低点70美金每吨

http://www.abc.net.au/news/2014- ... ll-overseas/5905040

Iron ore price hits fresh low, miners fall overseas
By finance reporter Elysse Morgan
Updated 43 minutes agoThu 20 Nov 2014, 2:19am

Horizontal crane pumping ore into ship in Pilbara
PHOTO: Iron ore output is rising dramatically as demand from China levels out. (ABC: Stephen Stockwell)
MAP: Australia
The iron ore price continued to fall, hitting a fresh low of $US70 a tonne overnight and spelling out more trouble for Australia's iron ore miners.

Overnight, London-listed BHP Billiton shares lost 2 per cent and Rio Tinto stocks listed in New York lost 2.3 per cent.

BHP's AGM is on today in Adelaide, so there are sure to be some questions on ore prices and whether the company will pursue its higher production strategy.

At $US70 a tonne, the benchmark Chinese spot price is at its lowest level since June 11 2009, and down 50 per cent from the beginning of the year.

The fall is thanks largely to slowing demand from China but also a ramp up in production from some of the biggest miners, mainly BHP Billiton and Rio Tinto, which is putting the squeeze on smaller operators.

On Wall Street markets fell following the release of the US Federal Reserve's minutes from its latest meeting.

The minutes show the board is more dovish on the economy than the market expected and that inflation has taken the place of jobs as the primary focus.

"Most participants continued to expect inflation to move back to the committee's 2 per cent target over the medium term as resource slack diminished in an environment of well-anchored inflation expectations," the minutes noted.

The FOMC noted the continued improvement in the employment market.

"Indicators of labor market conditions continued to improve over the intermeeting period, with a further reduction in the unemployment rate, declines in longer-duration unemployment, strong growth in payroll employment, and a low level of initial claims for unemployment insurance."

The Dow Jones finished 2 points lower at 17,685.

The S&P 500 gave up 3 points to 2,049.

Disappointing data also capped gains: US housing starts fell 2.8 per cent in October after rising 6.3 per cent the prior month.

Across the Atlantic, mining stocks weighed on London's FTSE 100, which retreated 0.2 per cent to 6,697.

The Eurostoxx 50 closed 0.1 per cent higher.

Futures trade was pointing to a negative start to local trade: at 8:30am (AEDT) the SPI 200 was 0.2 per cent lower at 5,365.

The Australian dollar had fallen sharply, down more than 1 per cent against all the major currencies.

It was buying 86.1 US cents.

Gold fell from yesterday's two-week high, and was worth $US1,182.73 an ounce.

West Texas crude closed at $US74.50 a barrel, Tapis was slightly lower at $US79.45.

8080

铁矿石（估计62%Fe）中国现货价格降3%到70美金每吨

From: https://www.businessspectator.co ... re-price-sinks-us70

Iron ore price sinks to $US70
DANIEL PALMER  6 HOURS AGO
INDUSTRIES RESOURCES AND ENERGY ECONOMY COMMODITIES MARKETS

Investors remain unsure as to when it will be safe to catch the falling knife that is iron ore prices, with the commodity again sinking to a new five-year low overnight.

At the end of the offshore session on Wednesday, benchmark iron ore for immediate delivery to the port of Tianjin in China was trading at $US70 a tonne, down 3 per cent from its previous close of $US72.10 and off over 7 per cent across the past two trading days.

This week’s sharp falls have stirred a heavy sell-off in the stock of iron ore miners, with Fortescue Metals Group, BC Iron and Mt Gibson among the hardest hit, with double-digit percentage declines. All three are now trading at 52-week lows and have lost more than 50 per cent of their value since the start of the year.

Diversified giants BHP Billiton and Rio Tinto have held up comparatively well, but are still losing ground in otherwise flat markets. Both firms saw their UK-listed stock give up 2 per cent in overnight trade, representing their worst offshore session for the week and pointing to another day of red numbers on the ASX.

The commodity has now lost close to 50 per cent of its value this year as investors head for the exits during a period of rapid supply increase from mining heavyweights and demand weakness from key consumer China.

After a strong October, the commodity is now on track to record its fourth straight double-digit quarterly percentage decline.

The latest moves come after BC Iron yesterday hinted at confidence in a near-term recovery as the firm sees the price of the commodity fall below its rumoured breakeven level.

“We believe the iron ore price will improve as China and other customers in different markets continue with infrastructure development and general economic growth,” BC Iron chairman Anthony Kiernan said.

Such confidence has not been shared by analysts of late, with banks continuing to revise their forecasts lower.

Last week, both ANZ and Citi analysts slashed their forecasts for iron ore in the coming years, with ANZ confident that the $US100 a tonne mark will not be seen in the medium-term.

ANZ tipped a floor at around the $US70 a tonne level, but based on last night’s moves, Citi’s prediction of the commodity sinking below $US60 a tonne at some stage in the next 12 months appears well within reach.

Commonwealth Bank’s commodity desk is also rewriting its expectations, warning that predictions for a restocking in China to round out the year may come to naught, placing further pressure on prices.

"We no longer expect a meaningful iron ore restock later in the year as steel mills in China are content to purchase iron ore at their convenience," the bank said.

"The fall in prices is consistent with expectations amongst Chinese steel mills who are anticipating iron ore to fall under $US70 a tonne in the 2015 first half."

BHP today holds its annual general meeting in Adelaide, with plenty of questions tipped to fly about its strategy to raise supply during a period of plummeting prices.

8080

2012旧帖重温 http://www.freeoz.org/ibbs/forum ... =%CC%FA%BF%F3%CA%AF

谢国忠：铁矿石还原到五六十美元是应该的

原帖由 8080 发表于 29-8-2012 17:01:59  
好像RIO还是BHP还是淡水河谷几年前就预测有可能掉到60美金，但他们的结论是他们还赚钱。因他们曾经30美金卖了二十多年。
仔细看他说话是应该的，并没有说会还是不会掉到或可能还是不可能到那个价格。所以楼上的可能会错意了。

元芳，你怎么看呢

bluceyu

这两天做个报价，客户居然说太贵，嚓

8080

铁矿石（62%Fe）中国现货价格降到70美金每吨以下.

http://www.shippingtribune.com/i ... rst-time-5-5-years/

Iron ore delivered to China falls below $70/dmt for first time in 5.5 years
Posted on November 22, 2014 by admin
global iron oreSeaborne iron ore prices tumbled below the $70/dry mt CFR North China mark for the first time since June 2009, with the benchmark Platts 62% Fe Iron Ore Index being assessed at $69.75/dmt CFR North China Friday, November 21.
The last time the 62% Fe IODEX was lower was on June 3, 2009, when it was assessed at $69.50/dmt CFR North China, making the current price the lowest point in nearly five-and-a-half years, Platts data showed.
The current supply glut of iron ore, primarily a result of mining capacity boosts among major Australian and Brazilian miners, has turned the iron ore market squarely in favor of Chinese buyers, who have been holding back on purchasing spot cargoes. With so much material available for the taking, end-users were in no real hurry to buy.
Downstream factors also accounted for the slow uptake of ore.
With the weather turning colder in China, steel consumption falls because productivity in the construction industry, a major driver of steel demand in the country, wanes.
Consequently, buying appetite of iron ore, a core steelmaking raw material, is also curbed because mills try to keep inventories as lean as possible.

civil3d

8080 发表于 23-11-2014 15:50
铁矿石（62%Fe）中国现货价格降到70美金每吨以下.

http://www.shippingtribune.com/iron-ore-delivered- ...

完了，现在珀斯的矿业彻底完了

8080

civil3d 发表于 23-11-2014 17:08
完了，现在珀斯的矿业彻底完了

估计花旗银行预计的最低掉到60甚至以下可能有戏。

retirement

还没完，铁矿还在往外卖，最近中国船貌似倒是频率减低了perth房子也会像karratha那样跌30万？不管你信不信，反正我不信

8080

你在力拓，当然不担心，卖六十你们还赚本钱的一倍。那在西方公司是暴利。
但很多新公司，小公司成本是八十加，本来钱就不多，会很惨的。顺带影响附属和支援产业是可预见的。
一年前，很多人不会相信Karratha和Port Hedland平均价格会跌大约30万。
澳洲公司裁员是不会有征兆的，不会讲人性，不会考虑长远的，所有职员在老板眼里只是个数字。不管你再有能力。做过多少贡献和牺牲。

urban2000

哪有那么便宜，随便翻翻都506070w呢～

游兵

8080 发表于 16-9-2014 17:32
能否提供一个统计资料,譬喻中国2013年进口的铁矿石, 澳洲占百分之几十,巴西占百分之几十.
应该是巴西 ...

中国进口铁矿中,澳矿占54%!

bluceyu

房子确实是在降价，而且现在中介个个都很热情

retirement

力拓一样担心啊，我之所以暂时不担心是因为码头还在扩，矿石总要卖。真撑不住的时候我这种肯定是第一时间被砍的，别人基本都是关系户啊

8080

Inpex shedding 1,400 jobs in Darwin, with many gone just before Christmas
By James Oaten
Updated about 4 hours agoSun 14 Dec 2014, 1:37pm

Blaydin Point
PHOTO: Inpex has sacked 1,400 workers from its Icthys LNG construction project. (Supplied: Inpex)
FROM: http://www.abc.net.au/news/2014- ... e-christmas/5963254


Oil company Inpex is shedding around 1,400 jobs from its Icthys construction project near Darwin, forcing many families to brace for a tough Christmas season.

The number of job cuts was planned, with the civil works phase of the LNG project nearing completion.

But unions are upset at the abruptness of the job cuts, saying it is flooding the local market with unemployed blue collar workers at a time when there is traditionally few jobs available in construction.

Sacked worker Kylie Wright said it was a terrible time of year to have no income.

"Over the holiday season, you're kids are going to be let down, your grandkids are going to be let down," she said.

The 43-year-old mother of two said she was angry at the company for the way they handled the layoffs.

"The way they've done it I thought it was wrong. You hop on a bus, go to work, get a tap on the shoulder, back on the bus, off you go home."

More than half of the 1,400 laid off are local tradesmen, such as concreters, plumbers and steel fixers.

Construction, Forestry, Mining and Energy Union NT organiser Shaun Taylor said he was unhappy Inpex continued to hire staff until October in a bid to accelerate work before the wet season arrived.

"If you're going to build something of this calibre in the Northern Territory, the wet season is just part of doing business, and there are ways to get around it," he said.

"It's a $34 billion project. This is not building and construction of a $20 million high rise."

Mr Taylor said there was little other work around for tradesmen at this time of year.

Mrs Wright said there was very little work around and she had hundreds of newly unemployed people to compete against.

"They're very grim prospects, because you've got people from the project looking for work and other people looking as well," she said.

No-one from Inpex was available for interview, but in a statement the company said it has "worked hard to keep people on the job for as long as possible," and given redundant staff "where practical, as much notice as possible".

The sackings have left many former employees unsure how they would pay their mortgage and rent.

Quentin Kilian from the Real Estate Institute of the Northern Territory said governments need to plan to avoid a boom and bust cycle.

"Because of the simple fact that we're looking at around 130,000 to 160,000 people in the city, it means that statistical movements are a lot quicker," he said.

"[Governments need to] keep looking towards what is the next set of projects, what is the next thing coming in so that we keep that economic stability going."

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