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Industry News

Feb 17, 2021
New $2m water reservoir  online in Clermont

New $2m water reservoir online in Clermont

Isaac Regional Council and Dowdens Pumping & Water Treatment have completed a $2 million reservoir project at Clermont. The new five-million-litre reservoir was built in nine months, coming in on time and under budget. Check out a time-lapse video of the reservoir’s construction HERE Isaac Mayor Anne Baker said the new reservoir was a key component in the broader plan to significantl...

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Feb 17, 2021
Bumper six months for Evolution Mining

Bumper six months for Evolution Mining

Queensland gold producer Evolution Mining has reported a record profit of more than $234 million in its half-year financial results. The strong performance saw the company declare a fully franked interim dividend of 7 cents per share, totalling $119.6 million. Evolution operates and owns four Australian gold mines – Cowal in New South Wales, Mungari in Western Australia, Mount Carlton and M...

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Feb 17, 2021
More time to have a say on  JORC Code update

More time to have a say on JORC Code update

The deadline has been extended for online feedback on the planned update this year of the Joint Ore Reserves Committee (JORC) Code. JORC Committee chair Steve Hunt confirmed that the closing date for submissions had been extended from February 12 to February 21. “The JORC survey has been open since early December and has had an excellent response from members and broader industry,...

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Feb 17, 2021
Rainforest resort gets $15m makeover

Rainforest resort gets $15m makeover

A $15 million-plus refurbishment project has kicked off at Baillie Lodges’ Silky Oaks Lodge on the Mossman River in Far North Queensland. Baillie Lodges project manager Joel Walker has appointed Cairns-based construction company Prime Australia to lead the project, with a view to engaging many locally based tradespeople. Set adjacent to the World Heritage-listed Daintree National Park...

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Feb 17, 2021
Carnaby sets sights on Duchess copper potential

Carnaby sets sights on Duchess copper potential

Carnaby Resources is taking a closer look at its Greater Duchess copper-gold project, just south of Hammer Metal’s new Trafalgar copper-gold discovery in North West Queensland. The company said follow-up geophysics, drilling and initial resource estimates would be completed this year on the tenements. Extensive copper-gold mineralisation is present over 70km of IOCG targets within the...

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Feb 17, 2021
Mastermyne stays solid despite coal doldrums

Mastermyne stays solid despite coal doldrums

Mackay-based Mastermyne Group says investing in equipment and keeping a tight rein on costs have helped it deliver a solid result during a low point in the coal price cycle. Revenue dropped to $111 million in the first half of this financial year, compared to $136 million in the previous six-month period, but EBITDA margins were up to 9 per cent and it recorded a net profit of $2 million. “...

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Feb 16, 2021
Senex celebrates another Surat Basin milestone

Senex celebrates another Surat Basin milestone

Senex Energy has reached nameplate production of 32 TJ/day at the Atlas natural gas processing facility in the Surat Basin. The company said the milestone was achieved ahead of schedule and that production was continuing to increase. Further non-firm capacity of 8 TJ/day was also available at the Atlas facility, it said. “This latest milestone underscores Senex’s success in becoming a m...

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Feb 16, 2021
Quarantine camp tipped to bring hundreds of jobs

Quarantine camp tipped to bring hundreds of jobs

A proposed quarantine accommodation facility near Toowoomba would create 350-400 jobs in construction and could be completed in 14 weeks, says Wagner Corporation chairman John Wagner. Mr Wagner met with Queensland Deputy Premier Steven Miles and Treasurer Cameron Dick today. They were in town to mark progress in the construction of the Toowoomba Wellcamp Trade Distribution Centre at Toowoom...

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Feb 16, 2021
New listing brings Chillagoe package to the bourse

New listing brings Chillagoe package to the bourse

R3D Resources has launched its $4.25 million public offering, boasting a portfolio of Chillagoe copper-gold assets through the acquisition of Tartana Resources. The merged company has a target listing date of March 30 and an indicative market cap of $21 million. Assets include the Tartana copper project, where re-establishing copper sulphate production using the existing processing infrastr...

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