Ministry for Primary Industries Director-General Wayne McNee has approved co-funding from the Primary Growth Partnership (PGP) for the new Foodplus programme which will look at how more value can be generated from beef carcases. The PGP Fund is committing $43.5 million over seven years for the programme, which is worth $87 million in total and is being run by ANZCO …

Fiscal policy receives insufficient attention and will be a major drag on growth over the coming few years. Local government spending is also set to be sharply curtailed. These dynamics are compensated by the rebuild until 2014, but the net impact is monetary policy lower for longer. The DecemberMonetary Policy Statement is expected to be accompanied by a no change decision, …

Glass Earth Gold is raising as much as C$3 million in a private placement in Canada to raise funds to develop its Neavesville and WKP projects in the Hauraki region. The placement follows Glass Earth’s announcement last month that it had gained rights to take over the Neavesville gold and silver prospect from Canadian resource developer Eurasian Minerals. The WKP …