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Industry News

Dec 16, 2020
New well spudded in Reid’s Dome campaign

New well spudded in Reid’s Dome campaign

The first well in the State Gas Phase 2 exploration and appraisal program for the Reid’s Dome gas project spudded this week. The company said the Phase 2 was being undertaken to implement its strategic plan to bring gas to market to meet near-term forecast shortfalls in the east coast market. The Nyanda-7 well is being drilled as a step out well to Nyanda-4, from which gas was produced at...

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Dec 15, 2020
Track taking shape at Carmichael coal project

Track taking shape at Carmichael coal project

Bravus Mining and Resources has shown off progress at the Carmichael coal project, where contractors this week started laying track for a 200km railway line. Between 900m and 1.2km of track is being laid daily at each end of the railway simultaneously, the Adani-owned business says. Bravus chief executive officer David Boshoff said the materials for the track – including the girders, ...

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Dec 15, 2020
MACA to buy WA mining business from Downer

MACA to buy WA mining business from Downer

Downer EDI is selling its Western Australian open-cut mining business to contracting group MACA in a $200 million deal. Mining West is a surface contract mining business focused on the Western Australian iron ore and gold sectors. It boasts large contracts at Karara (Ansteel), Eliwana (Fortescue Metals Group), Cape Preston (Citic Pacific) and Gruyere (Gold Fields, Gold Road Resources). â...

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Dec 15, 2020
Minotaur to offload Highlands copper project

Minotaur to offload Highlands copper project

Minotaur Exploration has reached a deal to sell its Highlands copper-gold tenements, 50km north-east of Mount Isa, to private company LarvottoResources. It said Larvotto intended to include the Highlands asset in an initial public offer on ASX in early 2021. Minotaur has granted Larvotto exclusivity through to end of June 2021 for non-refundable payment of $25,000. Subject to the IPO proce...

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Dec 15, 2020
Milestone for $120m big battery project

Milestone for $120m big battery project

Vena Energy Australia has achieved financial close for the $120 million Wandoan South battery energy storage system (BESS). This milestone follows the 15-year deal signed by AGL for full operational dispatch rights for what will be Queensland’s biggest battery, and the second largest in Australia, Vena says. ING Australia will be financing the project. Construction of the project comme...

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Dec 14, 2020
Betta joins Orcoda with promising project pipeline

Betta joins Orcoda with promising project pipeline

Transport logistics specialist Orcoda has completed a $5 million takeover of the Betta Group of Companies, founded in Rockhampton in 2005. Betta is a long-standing transport services business specialising in rail, road and air infrastructure power services contracting but also contracts for services in oil and gas and mining projects. Announcing settlement on acquisition of 100 per cent of...

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Dec 14, 2020
Upgraded gold resource at Steam Engine project

Upgraded gold resource at Steam Engine project

Recent drilling has increased the mineral resource estimate at the Steam Engine project in North Queensland to 112,000 ounces of gold. A scoping study into potential mining at the site is expected to be released during mid-January 2021 after being set back due to delays in assay results. It comes as project owner Superior Resources highlights expectations of a bull market for gold continuin...

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Dec 14, 2020
Industry urged to have say on JORC Code update

Industry urged to have say on JORC Code update

The code that regulates public reporting of Australia’s mineral discoveries and ore available to be mined is under review. An online survey has been launched to gain comment ahead of a planned update in 2021 of the Joint Ore Reserves Committee (JORC) Code – the professional code of practice that sets minimum standards for public reporting of minerals exploration results, resources ...

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Dec 14, 2020
New owners in groundwork at Broadmeadow East

New owners in groundwork at Broadmeadow East

Bowen Coking Coal has mobilised a drilling team to conduct a coal quality and groundwater monitoring campaign at its Broadmeadow East project, near Moranbah. The company completed acquisition of the coking coal project from Peabody Energy in September for $1 million cash plus royalties of up to $1.5 million.  It has flagged plans to start mining by the end of 2021, creating up to 200 ongoi...

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