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Winston001

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Just putting this here for a bit of context/ continuity

Keppel Infrastructure Trust-owned Ixom is about to purchase US water treatment business Medora Environmental for about $US24 million. Medora provides water management solutions to businesses in sectors like mining, agriculture, energy and manufacturing.

 

Ixom meanwhile is the market leader in water treatment in Australia and New Zealand, as well as a chemicals distributor. The Medora acquisition will grow Ixom's US presence and will combine with the company's existing water treatment offering.

 

Ixom and Medora are competing for a slice of the global water market, which is expected to hit $US1 trillion by 2025.

 

It is understood Medora's products will also be used to service the Australian market, where water quality issues are particularly important in drought-stricken areas.

 

Singapore-listed Keppel have owned Ixom since 2018 when it bought it off Blackstone for $1.1 billion after an auction run by JPMorgan. In the December 2019 quarter, Ixom contributed $264.3 million to Keppel's total revenue of $422.8 million.

 

Ixom has more than 1000 employees around the world and became a standalone business in 2015 after it was spun out from Orica Australia

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There is another cyclone brewing off the Pilbara, ,should be declared by Friday.

 

from BOM

 

http://www.bom.gov.au/fwo/IDYPME04/20200204_20200211/pme1to8.png

 

If the forecasts are correct, the Murray darling Basin will get a pretty big influx of water over the net 8 days.

The MB Basin will get at least an inch, about half will get 2 inches, and a third up to four inches.

An area of of about 500 square miles around Cunnamulla is forecast to get 4 inches plus.

Big rain if it comes true.

Be nice to see a bit of flood water scooting down the Darling.

Mick

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Several major rivers feeding the Murray-Darling Basin have started to flow, including the Condamine and Balonne in Queensland and the Namoi and Barwon in NSW. Much of that water ultimately enters the Darling, which has not flowed solidly for years.

 

The Murray-Darling Basin Authority says, among other revivals, the Moonie River in Queensland is flowing for the first time since April 2018. Parts of the Weir, Macintyre and Dumaresq rivers of the Queensland-NSW Border Rivers region also are flowing, while in NSW water is passing through large sections of the Gwydir, Castlereagh and Macquarie catchments.

https://www.mdba.gov.au/media/mr/recent-rai...mmunities-alike

 

enough for a flood? Probably not.

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We will see how much water gets through. NSW lifted its moratorium on pumping from northern-Darling catchments for 3 days. Qld never had a moratorium so water harvesting with pumps is presumably happening. Capture of overland flows are another issue. Some have some regulation, others are open slather.
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Under water reforms, the environment and permanent crops, such as almonds, grapes and citrus, get water allocated before annual crops such as rice, cotton and cereals.

 

"One of the reasons the irrigation community supported the reform process was the concept of property rights, transparency of process and a framework of water entitlements that give the sector confidence to invest to world's best practise," [a spokesman for rice growers] said. "Some of those have been delivered and some have demonstrably not been delivered."

 

"The government now holds 28 per cent of all the allocations in the Basin, so they are enormous users, and I believe they have the ability to correct the situation. "There are a number of big reports on water reform policy due in the coming months. They include reviews of the water market, water sharing, socio-economic impacts and water for the environment.

 

New Minister for Water, Keith Pitt, said the reports would provide important insights into water reform and the Murray-Darling Basin Plan. "I am committed to ensuring the Government acts on their findings and that the time for reviews is coming to an end," Mr Pitt said. "Irrigated agriculture underpins the Basin economy. The Government will work with the industry through these challenging times and ensure it is well-placed to respond when we are through the current health crisis."

https://www.abc.net.au/news/2020-03-29/rice...verina/12094436

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I see Duxton Water D2O, is back up .... conventional thinking would have it to be less sought after, but....

Prices for permanent water entitlements in southeastern Australia have surged to record highs .... This comes despite a wet year sparking floods and filling the major dams that serve capital cities and the Murray Darling Basin. The Bureau of Meteorology has warned of more flooding as a wetter than average summer befalls an already saturated landscape in eastern Australia.

Water releases from the second biggest storage on the Murray River, the massive Hume Dam near Albury Wodonga, have accelerated in recent days as a flood mitigation measure. The dam is 98 per cent full while Melbourne and Perth water storages are at 25 year and 29 year highs. Even the Menindee Lakes near Broken Hill have overflowed in recent weeks.

But the abundant supply of water across the Murray Darling Basin has failed to stop a rally in prices for the permanent water entitlements that give owners a perennial right to extract a certain volume of water from that river system.

Permanent water prices in the Murray River zone between Echuca and the South Australian border hit a record high of above $8000 per megalitre [million litres] on Thursday, and the chief executive of water brokerage company
Waterfind, Tom Rooney, said prices in SA and parts of NSW were also close to record highs.

Mr Rooney said the record prices were partly influenced by bank demand for agribusinesses to get a greater proportion of their water from permanent entitlements, rather than the highly volatile temporary water market, where prices are far more sensitive to dam levels.

Quote

You have got cheap money, you have got large demand from agribusinesses that have planted a lot of ground without permanent water backing it, and you have got the banking industry wanting growers to have better security on their water, he said. We see continued upward pressure on the permanent water price. They are not making any more of it, in fact they are making less of it.

The record prices have come despite the fact the federal government is no longer buying back water entitlements in the Murray Darling to boost the environmental health of the river system.

Prices for temporary water in the Murray Darling have slumped in recent weeks, reflecting the abundant supply in the system. Temporary water in the saturated Goulburn River system (Victoria) was last week selling for close to $70 per megalitre, down from $350 per megalitre a year ago

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