Bowen Basin

Oct 22, 2020
Whitehaven Coal to lodge EIS for $1b project by year’s end

Whitehaven Coal to lodge EIS for $1b project by year’s end

Whitehaven Coal expects to lodge the environmental impact statement (EIS) for its $1 billion Winchester South open-cut coal project by the end of 2020. Managing director and chief executive officer Paul Flynn told the AGM today that ongoing demand gave the company the confidence to plan for growth. This would support increased margins through product diversification, benefits of scale and s...

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Oct 22, 2020
Bumper quarter for Curragh coal mine

Bumper quarter for Curragh coal mine

Coronado’s Curragh mine near Blackwater delivered record sales volumes for the September quarter of 3.6 million tonnes. The result was a 20.6 per cent lift on the previous quarter in terms of sales volumes and a 24.5 per cent lift in saleable production, the company said. “This excellent result stemmed from an improvement in mining contract performance as well as the mobilisatio...

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Oct 21, 2020
Macmahon wins $250m in work at Foxleigh

Macmahon wins $250m in work at Foxleigh

Macmahon Holdings has been selected as the preferred tenderer to provide equipment hire and maintenance services at the Foxleigh mine near Middlemount from March next year. Macmahon expects the work to generate about $250 million in revenue. The proposed scope of work involves the hire and maintenance of 21 largecapacity dump trucks and other ancillary equipment over a five-year term, toget...

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Oct 20, 2020
Kirkwood officially named in RIN leadership role

Kirkwood officially named in RIN leadership role

Dean Kirkwood has been appointed general manager for Resource Industry Network and is due to officially start in the role in early November. Mr Kirkwood started with the organisation last year as the Mackay-Isaac-Whitsunday METS SME Export Hub manager. He took on the acting general manager role after Adrienne Rourke resigned in May after six years as RIN general manager. RIN chair David...

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Oct 20, 2020
BHP records lift in  metallurgical coal production

BHP records lift in metallurgical coal production

BHP has reported a four per cent increase in metallurgical coal production in the past quarter, with Blackwater back at full capacity towards the end of that period. The company said guidance for the 2021 financial year remained unchanged at between 40 and 44 Mt in relation to its stake in the metallurgical coal mines (71- 77 Mt on a 100 per cent basis). However it said it was monitoring fo...

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Oct 19, 2020
Eagle Downs decision due by end of 2020

Eagle Downs decision due by end of 2020

Central Queensland should know the future of the Eagle Downs metallurgical coal project near Moranbah within three months. In its quarterly report today South32 said it remained on-track to consider a final investment decision with its joint venture partner by the end of this calendar year. Eagle Downs is a large metallurgical coal development project located about 25km south-east of  ...

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Oct 19, 2020
CIMIC sells off 50 per cent of mining business Thiess

CIMIC sells off 50 per cent of mining business Thiess

CIMIC Group has reached a deal to sell a 50 per cent stake in mining services arm Thiess to hedge fund Elliott Management. The deal will put up to $1.9 billion into CIMIC’s coffers and is based on an enterprise value of $4.3 million for Thiess. Thiess delivers open cut and underground mining in Australia, Asia, Africa and the Americas, providing services to 25 projects across a ran...

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Oct 17, 2020
CQ coal terminal expected to be sold off

CQ coal terminal expected to be sold off

Canada’s Brookfield Asset Management┬áplans to launch an initial public offering (IPO) for its $1.4 billion Dalrymple Bay Coal Terminal, Reuters reports. Brookfield had put its plans for a sale or listing on hold in March amid coronavirus travel restrictions, but talks resumed with investors in July, sources said. The Reuters report indicated that DBCT would meet with Australian and ...

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Oct 15, 2020
Mastermyne posts strong results in challenging times

Mastermyne posts strong results in challenging times

Mackay-based mining contractor Mastermyne has posted a record year for revenue despite the impact of COVID-19 and softer coal prices. Metallurgical coal projects account for about 95 per cent of its order book and additional development units were brought on for contracts at at Aquila and Moranbah North mine. Revenue hit a record $292.7 million – a 23 per cent increase on the previou...

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