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Industry News

Feb 18, 2021
Tall order as miner shifts Ravenswood landmarks

Tall order as miner shifts Ravenswood landmarks

Three landmark chimneys are on the move at Ravenswood, with the first sections of the old Grant and Sunset Extended Mine chimney dismantled and relocated on Wednesday (February 17). The relocation of the historical goldfields structures will allow for the progression of Ravenswood Gold’s mining activities at the Buck Reef West open pit. That operation is part of the Ravenswood Expansion Pro...

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Feb 18, 2021
Silver price bonanza for Cannington balance sheet

Silver price bonanza for Cannington balance sheet

Rising silver and zinc prices helped drive a $130 million boost to Cannington mine’s pre-tax profits in the first half of this financial year. Underlying EBIT for the North-West Queensland silver-lead-zinc operation increased by 191 per cent to almost $200 million ($US154 million) for the period. Mine owner South32 said the bulk of the gains were due to a combination of higher average...

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Feb 18, 2021
Rockfire launches scoping study for NQ gold project

Rockfire launches scoping study for NQ gold project

Rockfire Resources has started an early-stage scoping study to consider the economic potential for open-pit mining at the Plateau gold deposit in North Queensland. The company recently announced a 515 per cent increase in gold ounces at the project to more than 200,000 ounces of gold. Plateau is within the company’s Lighthouse tenement area about 50km south-east of Charters Towers. The s...

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Feb 17, 2021
Approval to pave way for 1000-lot development

Approval to pave way for 1000-lot development

Toowoomba Regional Council has given preliminary approval for a master-planned community of about 1000 residential lots on the New England Highway at Mount Kynoch. The first lots in the $200 million Habitat Mount Kynoch development are expected to be ready for sale in about 12-18 months. Precinct Urban Planning director Andrew Bullen, who has been acting for the developers, said the prelimi...

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Feb 17, 2021
Coal down but not out in BHP half-year wrap

Coal down but not out in BHP half-year wrap

BHP’s coal operations saw a $US1.1 billion ($AU1.4 billion) reversal in fortunes in the half-year result released this week, to make a $US201 million ($AU260 million) loss. The hit was mainly down to an underlying loss of $US180 million (EBITDA) from NSW thermal coal, while Queensland coal operations made an underlying EBITDA in the black at $US59 million. BHP reported good progress in the...

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Feb 17, 2021
Heat on financial sector’s  cold shoulder to coal

Heat on financial sector’s cold shoulder to coal

The ‘corporate activism’ seeing financial institutions back away from sectors such as coal is set to come under scrutiny in a new Federal inquiry. Resources Minister Keith Pitt has welcomed the Trade and Investment Growth Committee’s inquiry into the financial sector’s treatment of Australia’s export industries. “I am pleased that the resources sector will be a key focus of this...

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Feb 17, 2021
Halo of a way to start a webinar series

Halo of a way to start a webinar series

The GSQ-UQ Sustainable Minerals Institute has released its program of monthly technical webinars for 2021. The first session titled, ‘Haloes of Selected Major NW Minerals Province Systems’ is scheduled to be held on Thursday (25 February). It is hosted by Director Minerals Geoscience at Geological Survey of Queensland Helen Degeling and Director of the sustainable Minerals...

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Feb 17, 2021
Union cops fine for stadium dispute

Union cops fine for stadium dispute

The Federal Court has fined the CFMMEU $190,000 and official Grant Harradine $20,000 over industrial action during the Queensland Country Bank Stadium build in Townsville. Employees who took part in the action were also fined up to $5000 each. Commenting on the outcome, Australian Building and Construction Commission commissioner Stephen McBurney said the penalties reflected the gravity of ...

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Feb 17, 2021
Mackay firm tackles lifting challenge

Mackay firm tackles lifting challenge

Mackay Conveyor Equipment has released a new product to aid in lifting the giant gearboxes that drive underground mining conveyor systems. Business development manager Deslie Halliday said the gearbox installation and removal skid was initially developed to fill a request for a one of MCE’s major mining clients within the Bowen Basin. They engaged MCE to design and engineer a solution...

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