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Australia, the magazine : Australia, the magazine
Many foreign companies have found that becoming involved with exploration in the Northern Territory meets their long-term mineral requirements. The spectacular Territory countryside is also the setting for its busy international tourism industry. Known as Australia's authentic Outback destination, the Territory offers an abundance of natural environments, in a space equivalent in size to France, Italy and Spain combined. International visitors come from around the globe to experience the Territory's rugged scenery and to experience Aboriginal culture, and its 50,000-year-old story painted on the walls of ancient rock shelters. A growing number of international students are enrolling at Charles Darwin University to achieve their educational goals.The University is a government institution delivering high quality education in nationally recognised and accredited bachelor, master and PhD degrees and English language training. More than 600 international students from more than 50 different countries study at CDU, in modern well equipped teaching facilities, supported by excellent student services, including on campus accommodation, free academic language and learning support and free bus transport. CDU has teaching and research partnerships with several international universities. As an example of these partnerships, 74 Chinese students are now studying at CDU, where they have easy access to their teachers and a more personalised learning environment. Australia's Northern Territory offers competitive advantages for the astute investor. Darwin is just over fours hours flight from Singapore and is an ideal convention, meetings and incentive destination with world-class facilities. Alongside the abundance in natural resources and Darwin's key location as Australia's Asian Gateway, the Territory also has Australia's lowest tax environment for small to medium businesses. Combined with a highly-skilled workforce and world class infrastructure, the Territory is positioned as an emerging force in Australia's economy. To facilitate investment, a web portal called InvestNT has been established. InvestNT helps investors to identify investment-ready opportunities. The site also provides assistance with Northern Territory Government processes and procedures for those looking to establish a new business in the Territory. InvestNT staff can organise introductions with relevant agencies across the Territory Government to aid the approvals process for projects. The landscape provides the economy's surprising diversity. Abundant mineralization across the outback has created a valuable mining industry, with enormous opportunities still awaiting further exploration. The Territory's 900km coastline is the launching pad to a thriving offshore oil and gas industry, with growing support delivered from Darwin, the Territory capital. The past decade has also seen the Territory capital become an important regional gas hub. The construction of ConocoPhillips' Darwin LNG plant and the 500km undersea pipeline to its Bayu-Undan offshore facility in the Timor Sea, has placed Darwin on the international energy world map. Following its success in the manufacture of liquid natural gas, the city is also the favoured location for Japanese energy giant INPEX's proposed US$20 billion LNG project, with a final investment decision to be announced later in 2010 or early 2011. International energy production has super-charged the Territory economy. LNG manufacture and export, plus the mineral discoveries have attracted thousands of skilled workers to the Territory. The transcontinental railway now links Darwin to all southern capitals, effectively cutting long-haul freight delivery time from Sydney, Melbourne and Adelaide to all the capitals of Asia. As a result of Darwin's location, only hours away from some of the key commercial centres of Asia, the port has become Australia's most important northern export centre, earning it the label of 'Gateway to Asia.' On top of this, the port has also established itself as the largest exporter of live cattle in Australia with almost 350 000 head of cattle shipped from Darwin directly into Asian markets in 2009. Many foreign companies are choosing to invest in the Territory because the Northern Territory Government is committed to working closely with them to identify mineral investment opportunities, business partners and assist with access to land. The Government delivers a number of specialised services to foreign companies which include provision of Geoscience information, identification of joint venture partners, introduction meetings and assistance with inbound visits. Most importantly, foreign investors choose the Northern Territory because of its abundance of minerals. It is an exciting location for rapidly emerging base metal, uranium and gold exploration and development. Manganese from the Bootu Creek mine and iron ore from Territory Iron are shipped from the minesites, to the Darwin Port by rail, and directly to China. Visit www.investNT.com.au to register as an investor or search the database for tangible investment-ready opportunities