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Industry News

Jul 19, 2021
Altrad to acquire Valmec services group

Altrad to acquire Valmec services group

Industrial maintenance services firm Altrad Australia intends to acquire Valmec in a $52 million deal. Valmec is an Australian contractor providing design, construction, operations and maintenance services to the energy, resources and infrastructure sectors. The companies announced today that they had entered into a Scheme Implementation Deed, with Valmec Shareholders will receive A$0.413 per shar...

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Jul 19, 2021
GBM seals deal on Twin Hills gold project

GBM seals deal on Twin Hills gold project

GBM Resources is moving further towards its goal of becoming a mid-tier Australian gold company with what it describes as the transformational acquisition of the Twin Hills project in North Queensland. GBM has has signed a binding tenement sale agreement to acquire the project from a subsidiary of Pajingo mine owner Minjar Gold. “This transformational… ...

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Jul 18, 2021
Procurement tool attracts international interest

Procurement tool attracts international interest

A procurement decision tool developed by QUT is set to go into wider use after the Organisation for Economic Co-operation and Development (OECD) signed a licensing deal. The OECD is using the tool on two major road projects in Norway with a view to promoting it as the Support Tool for Effective Procurement Strategy (STEPS)… ...

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Jul 18, 2021
Chiesa to take helm at regional development group

Chiesa to take helm at regional development group

Wayde Chiesa is set to take on the role of chief executive officer at Regional Development Australia Townsville and North West Queensland (RDA) following the retirement of Glenys Schuntner. Ms Schuntner announced her retirement in May after 11 years at the helm, with achievements including the successful Inland Queensland Roads Action Project (IQ-RAP). “It has… ...

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Jul 17, 2021
Energy transition supercycle a bumpy ride for miners

Energy transition supercycle a bumpy ride for miners

Another commodities supercycle is on the horizon and the winners will be the industrial metals needed to electrify society, say industry analysts Wood Mackenzie. Rather than fossil fuels leading the charge, this time commodities such as cobalt, lithium, copper, nickel, and aluminium will be in the vanguard.  The Wood Mackenzie report ‘Champagne supercycle: Taking the… ...

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Jul 17, 2021
Councils embrace Defence hub role

Councils embrace Defence hub role

Rockhampton Regional Council and Livingstone Shire Council have welcomed the State Government’s support for Central Queensland to become a bigger hub for the Defence industry. Premier Annastacia Palaszczuk announced last week that lease arrangements had been secured at Shoalwater Bay which would allow for 14,000 Singapore Armed Forces personnel to train between there and Townsville…. ...

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Jul 16, 2021
Key infrastructure players call for reform

Key infrastructure players call for reform

Key industry groups involved in delivering the majority of the Australian Government’s record $110 billion investment in infrastructure projects are calling for urgent reforms to the sector. In a joint letter to the parliamentary inquiry examining procurement practices for government-funded infrastructure, the peak bodies urge the Federal Government to lead reform of how major projects…...

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Jul 16, 2021
Greenvale Mining appoints new CEO

Greenvale Mining appoints new CEO

Geologist Matthew Healy has been named as the new chief executive officer for Greenvale Mining, effective from September 1. The company said Mr Healy’s appointment came as Greenvale continued to build its senior leadership team, ensuring that it has the appropriate skills, experience and talent in place to unlock the exciting potential of its Alpha… ...

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Jul 16, 2021
DGL invests in Townsville chemical plant

DGL invests in Townsville chemical plant

DGL Group plans to establish a multi-purpose chemical facility in Townsville after acquiring a property for $2.45 million. The site, which DGL previously leased as a storage hub, will be turned into a chemicals formulation and storage facility to help supply agriculture, mining and waste and water treatment chemicals to customers across North Queensland. The… ...

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