46-545: Leigh Creek may refer to: Places [ edit ] Leigh Creek, South Australia , an outback town Leigh Creek Coalfield discovered in 1888 and the site of a small underground mine Telford Cut , the open-cut coal mine operating from 1943 to 2015 Leigh Creek Airport Leigh Creek, Victoria , a town in Central Victoria east of Ballarat Other uses [ edit ] Leigh Creek Energy , listed on
92-484: A call system, where an exchange employee called the names of each company and brokers bid or offered on each. In the 1960s this changed to a post system. Exchange employees called "chalkies" wrote bids and offers in chalk on blackboards continuously, and recorded transactions made. The ASX (Australian Stock Exchange Limited) was formed in 1987 by legislation of the Australian Parliament which enabled
138-473: A single contract of greasy wool that by the end of the year had traded 19,042 lots. 1969–1970 : The Poseidon bubble (a mining boom triggered by a nickel discovery in Western Australia) caused Australian mining shares to soar and then crash, prompting regulatory recommendations that ultimately led to Australia's national companies and securities legislation. 1976 : The Australian Options Market
184-558: A small number of captive-bred yellow-footed rock-wallabies was released in the Aroona Sanctuary. The released animals were closely monitored with the help of radio collars and keen volunteers and scientists. Monitoring was undertaken with the help of a large range of people, such as local school students, mine workers and scientists from many other Zoos around Australia and the United States of America. Various stages of
230-600: A year of coal. Alinta Energy also operated the power stations at Port Augusta which were the only remaining coal-fired generators in South Australia, and the only users of coal from Leigh Creek. Since the early 1990s, more changes occurred in Leigh Creek. Massive restructuring of mining operations resulted in the reduction of a workforce of over 750 to about 200. The township also became a lot smaller. The population dropped from about 2500 in 1987 to less than 250 in
276-493: Is 13 km further south than the original town—it was moved in 1982 to allow for the expansion of the mine. As a result, most facilities and buildings in the town are only a little over thirty years old, and with relatively modern designs. The mine and associated railway station are named Telford . The area was named Leigh's Creek after its first settler, Harry Leigh, in 1856. Coal was discovered and small quantities mined from 1888 from an underground mine. The town to support
322-687: Is a NASDAQ OMX ultra-low latency trading platform based on NASDAQ OMX's Genium INET system, which is used by many exchanges around the world. It is one of the fastest and most functional multi-asset trading platforms in the world, delivering latency down to ~250 microseconds. ASX Trade24 is ASX global trading platform for derivatives. It is globally distributed with network access points (gateways) located in Chicago, New York, London, Hong Kong, Singapore, Sydney and Melbourne. It also allows for true 24-hour trading, and simultaneously maintains two active trading days which enables products to be opened for trading in
368-482: Is a pre-market session from 7:00 am to 10:00 am Sydney time and a normal trading session from 10:00 am to 4:00 pm Sydney time. The market opens alphabetically in Single-price auctions , phased over the first ten minutes, with a small random time built in to prevent exact prediction of the first trades. There is also a single-price auction between 4:10 pm and 4:12 pm to set
414-648: Is an Australian public company that operates Australia's primary securities exchange , the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia as, the Sydney Stock Exchange , a separate entity). The ASX was formed on 1 April 1987, through incorporation under legislation of the Australian Parliament as an amalgamation of the six state securities exchanges, and merged with
460-767: Is currently administered and funded by NRG Flinders. Land degradation has remained the biggest single environmental problem in Australia. Land degradation is also one of the biggest factors contributing to silting of rivers and creeks in Australia and subsequent water shortages in many areas. Leigh Creek: An Oasis in the Desert, Flinders Ranges Research 1997 (Nic Klaassen) Parliamentary Research Manager, Dr John Weste, March 2011. Leigh Creek Heritage, R Cameron Wilton. Brown, Mines of South Australia, p. 346 Leigh Creek Manager, R Cameron Wilton, 2011–2012, Leigh Creek Town Manager, Robert Stack, 2013-current Australian Securities Exchange Australian Securities Exchange Ltd ( ASX )
506-413: Is different from Wikidata All article disambiguation pages All disambiguation pages Leigh Creek, South Australia Leigh Creek is a former coal -mining town in eastern central South Australia . At the 2016 census , Leigh Creek had a population of 245, a 55% decrease from 550 in the previous census in 2011. Situated to the west of the northern Flinders Ranges , the current town
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#1732791993778552-533: Is one of the best environmental land rehabilitations in arid areas. In the meantime, a captive breeding programme of yellow-footed rock-wallabies at Monarto Safari Park in South Australia had become too successful. The Royal Zoological Society of South Australia and scientists from the SA Department of Environment and Heritage were looking for a suitable site for the world's first free release of captive yellow-footed rock-wallabies. The Aroona Dam Sanctuary
598-602: The ASX could not offer them. The court held they were options and so LEPOs were introduced in 1995. 1995 : Stamp duty on share transactions was halved from 0.3% to 0.15%. The ASX had agreed with the Queensland State Government to locate staff in Brisbane in exchange for the stamp duty reduction there, and the other states followed suit so as not to lose brokerage business to Queensland. In 2000 stamp duty
644-633: The ASX in 1998. 2000 : In October, ASX acquires a 15% stake in the trading and order management software company IRESS (formerly BridgeDFS Ltd). 2001 : Stamp duty on marketable securities abolished. 2006 : The ASX announced a merger with the Sydney Futures Exchange, the primary derivatives exchange in Australia. ASX Group has two trading platforms – ASX Trade, which facilitates the trading of ASX equity securities and ASX Trade24 for derivative securities trading. All ASX equity securities are traded on screen on ASX Trade. ASX Trade
690-441: The ASX operating rules. The Reserve Bank of Australia (RBA) has oversight of the ASX's clearing and settlement facilities for financial system stability. Products and services available for trading on ASX include shares, futures, exchange traded options, warrants, contracts for difference, exchange-traded funds, real estate investment trusts, listed investment companies and interest rate securities. The biggest stocks traded on
736-567: The ASX, in terms of market capitalisation , include BHP , Commonwealth Bank , Westpac , Telstra , Rio Tinto , National Australia Bank and Australia & New Zealand Banking Group . The major market index is the S&;P/ASX 200 , an index made up of the top 200 shares in the ASX. This supplanted the previously significant All Ordinaries index, which still runs parallel to the S&;P ASX 200. Both are commonly quoted together. Other indices for
782-602: The Aroona Dam Sanctuary project became widely recognised. The project was awarded 3 SA State Landcare Awards and a Mining Industry Award for Environmental Excellency. The project had become one of Australia's most successful and most awarded environmental rehabilitation projects. The Aroona Bio-Diversity Project was also supported by Landcare National Heritage grants from the Commonwealth Government, by active support from adjoining landholders and
828-510: The Australian Securities Exchange as LCK [REDACTED] Topics referred to by the same term This disambiguation page lists articles about distinct geographical locations with the same name. If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Leigh_Creek&oldid=875148855 " Category : Place name disambiguation pages Hidden categories: Short description
874-665: The Hobart exchange. In November 1903 the first interstate conference was held to coincide with the Melbourne Cup . The exchanges then met on an informal basis until 1937 when the Australian Associated Stock Exchanges (AASE) was established, with representatives from each exchange. Over time the AASE established uniform listing rules, broker rules, and commission rates. Trading was conducted by
920-569: The Stock Exchange Automated Trading System (SEATS). It was a far cry from the original system which dated back over 100 years. During that time there had been three different forms of trading on the Australian stock exchanges. The earliest was the auction-based call system, which saw a stock exchange employee (the caller) call the name of each listed security in turn while members bid, offered, sold or bought
966-725: The Sydney Futures Exchange in 2006. Today, ASX has an average daily turnover of A$ 4.685 billion and a market capitalisation of around A$ 1.6 trillion , making it one of the world's top 20 listed exchange groups, and the largest in the southern hemisphere. ASX Clear is the clearing house for all shares, structured products, warrants and ASX Equity Derivatives. ASX Group is a market operator, clearing house and payments system facilitator. It also oversees compliance with its operating rules, promotes standards of corporate governance among Australia's listed companies and helps to educate retail investors. The Australian Securities & Investments Commission (ASIC) has responsibility for
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#17327919937781012-813: The Sydney Stock Exchange. 1885 : Two years after the Broken Hill Mining Company (private company) was established by a syndicate of seven men from the Mount Gipps Station , the company was incorporated to become the Broken Hill Proprietary Company Limited (BHP). In 1885, BHP listed on the Melbourne Stock Exchange. 1937 : The Australian Associated Stock Exchanges (AASE) was established in 1937. Since 1903
1058-485: The amalgamation of six independent stock exchanges that formerly operated in the state capital cities. After demutualisation , the ASX was the first exchange in the world to have its shares quoted on its own market. The ASX was listed on 14 October 1998. On 7 July 2006 the Australian Stock Exchange merged with SFE Corporation, holding company for the Sydney Futures Exchange. 1861 : Ten years after
1104-607: The bigger stocks are the S&P/ASX 100 and S&P/ASX 50 . The origins of the ASX date back to the mid-1800s when six separate exchanges were established in Australia's state capital cities of Melbourne , Victoria, (1861), Sydney , New South Wales (1871), Hobart , Tasmania (1882), Brisbane , Queensland (1884), Adelaide , South Australia (1887) and Perth , Western Australia (1889, the Stock Exchange of Perth ). A further exchange in Launceston , Tasmania, merged into
1150-770: The daily closing prices. Security holders hold shares in one of two forms, both of which operate as uncertificated holdings, rather than through the issue of physical share certificates : Holdings may be moved from issuer-sponsored to CHESS or between different brokers by electronic message initiated by the controlling participant. Short selling of shares is permitted on the ASX, but only among designated stocks and with certain conditions: Many brokers do not offer short selling to small private investors. LEPOs can serve as an equivalent, while contracts for difference (CFDs) offered by third-party providers are another alternative. In September 2008, ASIC suspended nearly all forms of short selling due to concerns about market stability during
1196-417: The electronic CLICK system for derivatives began. 1998 : ASX demutualised to become a listed company. It was the first exchange in the world to demutualise and list on its own market, a trend that has been imitated by several other exchanges over the years. The Australian Mutual Provident Society began in 1849 as an organisation offering life insurance. Now known as AMP it became a publicly listed company on
1242-597: The floor of the Sydney Exchange was suspended throughout Friday. Damage totaled $ 2 million and repairs took more than six months, with new carpet laid and cables and computers replaced. Stockbrokers who had taken advantage of joint access were able to trade on the Melbourne Stock Exchange. And, with the Sydney trading floor closed by floodwaters, the Melbourne Exchange enjoyed its busiest trading day for
1288-466: The ground rules for commissions and the flotation of government and semi-government loan raisings. 1938 : Publication of the first share price index. 1939 : Sydney Stock Exchange closed for the first time due to the declaration of World War II . 1960 : Sydney Futures Exchange began trading as Sydney Greasy Wool Futures Exchange (SGWFE). Its original goal was to provide Australian wool traders with hedging facilities in their own country. SGWFE offered
1334-481: The mine at that time was called Copley , after William Copley , an MP and Commissioner of Crown Lands. However the coal was not mined in a significant commercial manner until 1943 in an effort to make South Australia more self-sufficient for its energy needs, with less dependence on New South Wales . The premier Thomas Playford saw the need to be seen not to rely on interstate energy if he was to attract business to South Australia. The former open cut mine operation
1380-530: The mining sector would also be built adjacent to the coal gasification plant. The Aroona Sanctuary is one of the best examples of environmental rehabilitation in Australia. By 1985, the lands of the Aroona Sanctuary were badly degraded. Massive numbers of rabbits and feral goats depleted the native vegetation. The vegetation losses led to extensive sheet and gully erosion. Widespread soil erosion also led to rapid silting of Aroona Dam. The lands around Leigh Creek showed serious sign of desertification. Overgrazing and
1426-567: The native vegetation to return. Over 1 million trees and shrubs emerged in the degraded area and silting of waterways and Aroona Dam was drastically reduced. In 1995, the Government of South Australia declared the area around Aroona Dam a Flora and Fauna Sanctuary. Within less than 10 years, an extremely badly degraded area had recovered to a situation where it could again support a diverse range of native plants and wildlife. The programme provided proof that degraded lands can be rehabilitated. It
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1472-531: The new trading day in one time zone while products are still trading under the previous day. The normal trading or business days of the ASX are week-days, Monday to Friday. ASX does not trade on national public holidays: New Year's Day (1 January), Australia Day (26 January, and observed on this day or the first business day after this date), Good Friday (that varies each year), Easter Monday, Anzac day (25 April), King's Birthday (June), Christmas Day (25 December) and Boxing Day (26 December). On each trading day there
1518-597: The official advent of the Gold Rush , Australia's first stock exchange was formed in Melbourne. In the 1850s Victoria was Australia's gold mining centre, its population increasing from 80,000 in 1851 to 540,000 in 1861. 1871 : Thirty years after it lit the first gas street light in Sydney, the Australian Gas Light Company took its place in history again, becoming the second company to list on
1564-452: The soil layer, because of the talcum powder like structure of the soil surface. A large-scale environmental rehabilitation project was started in late 1985, under the direction of Beat Odermatt, Environmental Scientist for ETSA. Rehabilitation was done by destroying rabbits and feral goats and by undertaking erosion control works, such as disk pitting and the construction of water velocity reducers. The removal of rabbits and feral goats helped
1610-465: The state stock exchanges had met on an informal basis, but in 1936 Sydney took the lead in formalising the association. Initially this involved the exchanges in Adelaide, Brisbane, Hobart and Sydney. Melbourne and Perth joined soon after. Through the AASE the exchanges gradually brought in common listing requirements for companies and uniform brokerage and other rules for stockbroking firms. They also set
1656-547: The stock at each call. This system proved inadequate to handle the increased volume of trading during the mining booms. It was replaced by the 'post' system in the early 1960s, which involved stocks being quoted on 'posts' or 'boards'. 'Chalkies' were employed by the Stock Exchange and it was their function to record in chalk the bids and offers of the operators (employees of stockbrokers) and the sales made. This system stayed in place until 1987. 1990 : A warrants market
1702-443: The supervision of real-time trading on Australia's domestic licensed financial markets and the supervision of the conduct by participants (including the relationship between participants and their clients) on those markets. ASIC also supervises ASX's own compliance as a public company with ASX Listing Rules. ASX Compliance is an ASX subsidiary company that is responsible for monitoring and enforcing ASX-listed companies' compliance with
1748-415: The unrestricted use of 4-wheel vehicles, motorbikes and horses also added to land degradation . For example, the local Pony Club occupied an area near Windy Creek. A large number of horses were left grazing uncontrolled and totally destroyed all vegetation. " Dust devils " originating in this area were visible from a long distance. Sand drifts started to occur and rainwater was no longer able to penetrate into
1794-430: The year 2016. On 30 July 2015, Alinta Energy announced they were bringing the closure dates of all three facilities forward by 12 months, and now intended to no longer operate them past March 2017 and could shut them down as early as March 2016. On 7 October 2015, it was confirmed that the Leigh Creek mining operations would cease on 17 November 2015. In 2015 the media announced that another coal project at Leigh Creek
1840-465: The year. After that episode a back-up site was established outside the Sydney CBD. 1987 : The Australian Stock Exchange Limited (ASX) was formed on 1 April 1987, through incorporation under legislation of the Australian Parliament. The formation of the national stock exchange involved the amalgamation of the six independent stock exchanges that had operated in the states' capital cities. Launch of
1886-577: Was abolished in all states as part of the introduction of the GST . 1996 : The exchange members (brokers etc.) voted to demutualise . The exchange was incorporated as ASX Limited and in 1998 the company was listed on the ASX itself, with the Australian Securities & Investments Commission enforcing the listing rules for ASX Limited. 1997 : Electronic trading commences as the option market moves from floor to screen. A phased transition to
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1932-463: Was chosen as the best suitable site. Yellow-footed rock-wallabies once populated the Aroona Dam area. They became extinct in the area because of competition from feral goats and rabbits and predation from feral foxes and cats. Hunting of wallabies by "local yokels" had destroyed the last remaining animals. A programme was initiated to control potential predators such as feral cats and foxes. In 1996,
1978-497: Was established, trading call options . 1980 : The separate Melbourne and Sydney stock exchange indices were replaced by Australian Stock Exchange indices. 1984 : Brokers' commission rates were deregulated. Commissions have gradually fallen ever since, with rates today as low as 0.12% or 0.05% from discount internet-based brokers. 1984 : Sydney Stock Exchange closed due to heavy rain and flooding on 9 November 1984 with 70 millimetres of rain falling in one half-hour. All trading on
2024-702: Was established. 1993 : Fixed-interest securities were added (see Interest rate market below). Also in 1993, the FAST system of accelerated settlement was established, and the following year the CHESS system (see Settlement below) was introduced, superseding FAST. 1994 : The Sydney Futures Exchange announced trading in futures over individual ASX stocks. The ASX responded with the Low Exercise Price Option or LEPO (see below). The SFE went to court, claiming that LEPOs were futures and therefore that
2070-417: Was for low-grade, sub-bitumenous black coal which is frequently referred to as hard brown coal or just brown coal. It was transported 250 km by rail to power stations outside Port Augusta on the east side of Spencer Gulf . The coal occurs in several nested bowl-shaped seams, each several metres thick. The coalfield at Leigh Creek was operated by Alinta Energy and produced over 2.5 million tonnes
2116-564: Was in the planning process. Leigh Creek Energy Project (LCEP), proposed by the ASX listed company Leigh Creek Energy , intends to extract gas from Leigh Creek's coal seams by drilling injection and extraction wells and igniting the coal underground using a process known as in-situ coal gasification . The company has proposed that the gas would then be exported to Australia's eastern states via existing pipeline networks. An additional plant to produce ammonium nitrate fertilizer and explosives for use in
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