Glencore crude trader leaves firm after seven years
Over roughly the last 12 months, Glencore’s head of crude trading in the US and at least two other traders have departed.
NewSat Limited (ASX:NWT), Australia’s satellite company, is pleased to announce the City of Salisbury Council have granted Development Plan consent for the expansion of NewSat’s Adelaide teleport facility in Mawson Lakes, South Australia. The planned facility expansion highlights the growth of business in SA and more specifically, the City of Salisbury. A larger teleport facility will advance global innovation, assist technology development and increase high tech job availability. This consent acknowledges NewSat’s success to date and the opportunities that NewSat’s Jabiru-1 satellite and the teleport infrastructure investment in South Australia will create for local industry.
The land acquired for the teleport expansion doubles NewSat’s size and presence in Mawson Lakes, South Australia. The multimillion dollar investment in key infrastructure and the development application plan that has received consent includes a number of large antennas, the Jabiru Satellite Control Facility and Jabiru Customer Support Centre, upgraded power systems and generators, major expansion of existing networks and infrastructure, as well as other enhancements to security and equipment. The teleport expansion is integral to the growth of NewSat and its plans to launch a fleet of satellites. Jabiru-1, Australia’s first commercial Ka-band satellite, is expected to generate in excess US$3 billion of revenue over 15 years.
The City of Salisbury’s economic and development team, operating from the Polaris Centre in Technology Park, have worked closely with the company to support the application process.
NewSat is focused on global enterprise and government customers across mining, oil and gas, construction, defence, government, carrier grade telecommunications, disaster recovery and media sectors. The new teleport facilities in Adelaide will provide satellite communications including video, voice and data communications for enterprise and government markets, requiring remote area connectivity.
In commenting on the Development Plan consent, Gillian Aldridge, City of Salisbury Mayor said:
“The City of Salisbury is pleased to be working with NewSat, Australia’s largest pure-play satellite communications company who compete on a global stage and provide mission critical communications to enterprise and government customers around the world. This facility expansion is a great example of local business growth and we are proud of the plan for this unique-to-Australia infrastructure.”
“NewSat’s development application highlights how Salisbury is well placed to provide economic growth and support to industries and businesses, our staff have worked closely with NewSat to provide the company with significant insight and support and we are delighted that they have chosen to expand their operations in Mawson Lakes. The development will provide the community with high-tech innovative jobs into the future.”
In commenting on the Development Plan consent, Adrian Ballintine, NewSat Founder and CEO said:
“Our Adelaide teleport expansion is a key element of NewSat realising its long-term vision of becoming a global satellite operator and providing the significant ground infrastructure required for Jabiru-1 operations and NewSat’s customers.”
“We are delighted that the City of Salisbury have granted Development Plan consent for the Adelaide teleport facility expansion, confirming NewSat’s planned infrastructure investment in South Australia and development of our teleport facility here in Mawson Lakes.”
“Jabiru-1 is being built by Lockheed Martin and will be launched by Arianespace in 2015. It is Australia’s first commercial Ka-band satellite and will provide high-powered Ka-band coverage to meet the growing demands from enterprise and government sectors across the Middle East, Asia and Africa. Jabiru-2, NewSat’s hosted payload, is also preparing for launch in early 2014. Jabiru -2 will provide superior coverage over Australia, Timor Leste, Papua New Guinea and the Solomon Islands. With rights to eight premium orbital slots, NewSat’s Jabiru fleet of next generation satellites will lead Australia’s space quest and will be supported on the ground right here in Adelaide.”
