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...
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...
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...
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...
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...
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 ...
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...
Canada’s Brookfield Asset Management plans 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 ...
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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