fbpx

Industry News

May 05, 2021
Tax credit scheme extended for junior explorers

Tax credit scheme extended for junior explorers

The Federal Government is coughing up $100 million to extend the Junior Minerals Exploration Incentive (JMEI) for four more years. The move is being welcomed by the Association of Mining and Exploration Companies (AMEC), with chief executive Warren Pearce describing the JMEI as a vital initiative for the exploration industry. “The continuation of this will… ...

Read More
May 05, 2021
SafetyCulture valuation soars past $2b

SafetyCulture valuation soars past $2b

A Townsville-born technology company behind a workplace safety app has reached a value of $2.2 billion. SafetyCulture has closed a $99 million funding round led by ScaleUp software investor Insight Partners, and joined by existing investors Tiger Global, Index Ventures and Blackbird. The business, now headquartered in Sydney, is behind the iAuditor app – which provid...

Read More
May 05, 2021
Beef Week attracts biosecurity commitment

Beef Week attracts biosecurity commitment

Prime Minister Scott Morrison, in Rockhampton for Beef Week 2021, has detailed plans to upgrade biosecurity measures for the farming and grazing industries. The Government was stepping up efforts to stop threats such as African swine fever, khapra beetle and foot and mouth disease entering Australia, Mr Morrison said. “Australia’s biosecurity system protects $42 billion… ...

Read More
May 05, 2021
Coldwell adds semi-autonomous drill to fleet

Coldwell adds semi-autonomous drill to fleet

Rockhampton-based Coldwell Drilling Co recently introduced the Next Generation Cat MD6310 semi-autonomous drill into its fleet. Owner Gayle Coldwell said introducing the blasthole drill, now at work in South Walker Creek mine, showed the company was moving into the next era of advanced technology. “A large part of the Coldwell strategy is to provide customers with safe, modern… ...

Read More
May 04, 2021
Airstrip upgrades backed in funding round

Airstrip upgrades backed in funding round

Communities in Far North Queensland are among the big winners in the Australian Government’s latest round of the Remote Airstrip Upgrade Program. Federal Leichhardt MP Warren Entsch said Aurukun, Coen and Pormpuraaw airports would receive much-needed upgrades to help local communities maintain access to essential goods and services. Aurukun, Coen and Pormpuraaw airports will receive… ...

Read More
May 04, 2021
New owner plans 2022 build for CQ wind farm

New owner plans 2022 build for CQ wind farm

EDF Renewables has acquired the Banana Range Wind Farm development project in Central Queensland and is targeting a start to construction in late 2022. The project received Development Approval in December 2019 for up to 50 wind turbines, corresponding to a capacity of up to 280 MW. EDF Renewables, the dedicated renewable energy subsidiary of… ...

Read More
May 04, 2021
Watpac to lead $155m Cairns Defence works

Watpac to lead $155m Cairns Defence works

Defence has engaged Watpac Construction as managing contractor for a $155 million upgrade at HMAS Cairns. Designs will be finalised around July 2022 for the NCIS-8A HMAS Cairns Building and Maritime Works package. On-site construction is set to commence in September 2022 and be completed by December 2024. The $155 million investment will support the… ...

Read More
May 04, 2021
Strategic Energy Resources takes on Isa North

Strategic Energy Resources takes on Isa North

Strategic Energy Resources is acquiring the Isa North copper-gold project from Newcrest Mining. The Isa North project comprises three exploration licences covering an underexplored 976sq km belt considered highly prospective for Iron Oxide Copper-Gold (IOCG) mineralisation. “The Isa North project was identified during a broader review of the Mount Isa Mineral Province undertaken by SER…...

Read More
May 04, 2021
Insurance relief on North’s horizon

Insurance relief on North’s horizon

News of Federal backing for a reinsurance pool to help bring down premiums in Northern Australia has been welcomed by Queensland councils. The reinsurance pool would cover cyclone and related flood damage in Northern Australia from July 2022 and was backed by a $10 billion government guarantee, the government announced today. Local Government Association of… ...

Read More
Menu