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Industry News

Jan 08, 2022
Bowen Basin gas development proposed

Bowen Basin gas development proposed

The State Government is looking at opening up the Bowen Basin to further gas development. It’s released the Bowen Basin Pipeline concept study, which highlights environmental and economic benefits. The pipeline could future-proof gas supply, reduce emissions and help create jobs said Resources Minister Scott Stewart. “The answer to domestic gas shortages and supporting our… This content is ...

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Jan 08, 2022
A big year for Townsville’s Ring Road project

A big year for Townsville’s Ring Road project

The 2023 finish line is in sight for the Townsville Ring Road Stage 5 project with four new bridges and overpasses taking shape. The project will duplicate the only remaining two-lane section of the road between Vickers Bridge and Shaw Road.  The $230 million upgrade project is jointly funded by the Australian and Queensland governments… This content is for iQ Industry Queensland membe...

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Jan 07, 2022
Stanmore Resources raises funds to buy the ‘B’ in BMC

Stanmore Resources raises funds to buy the ‘B’ in BMC

Stanmore Resources’ strategy for the purchase of BHP’s interest in BHP Mitsui Coal (BMC) is almost complete. Stanmore has secured US$625 million funding for the buy out. The Debt Facility is described as ‘a senior secured, first-lien amortising loan note facility which matures five years from first utilisation.’ Stanmore Resources owns and operates the Isaac… This content is for iQ Industry...

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Jan 07, 2022
Bad weather interrupts Blair Athol exports

Bad weather interrupts Blair Athol exports

Bad weather has interrupted a good run for one of the oldest coal mines in the Queensland inventory. Owner Terracom sold two shipments from Blair Athol, located near Clermont in the northern Bowen Basin, for $213/tonne in December. Bad weather hampers performance A third shipment of 79,000 tonnes scheduled for December sailed this week (Wednesday… This content is for iQ Industry Queensland ...

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Jan 07, 2022
Zenith Minerals in trading halt following drilling update

Zenith Minerals in trading halt following drilling update

Zenith Minerals has placed itself into a trading halt pending the release of an announcement. It’ll be in place until Tuesday next week if there are no updates in the meantime. Zenith is 100 per cent owner of the Develin Creek project located less than 100 km due west of Rockhampton. Prior to the announcement… This content is for iQ Industry Queensland members only.Log In Register ...

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Jan 06, 2022
Korea Zinc activates energy storage partnership

Korea Zinc activates energy storage partnership

One of Queensland’s largest energy consumers is making further moves to shed its reliance on the state electricity grid and coal-fired power. Korea Zinc, which owns the Townsville-based Sun Metals Refinery, has entered into a US$50Million partnership with Energy Vault for renewable energy storage. The company has investments in the Karara wind farm complex near… This content is for iQ Indus...

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Jan 06, 2022
Evolution pops the champagne on Ernest Henry purchase

Evolution pops the champagne on Ernest Henry purchase

Evolution Mining has completed its take-over of the Ernest Henry copper-gold operation north of Cloncurry. It means Evolution has 100 percent legal ownership of the underlying asset. The transaction will result in Evolution’s copper production increasing, lowering its All-in Sustaining Cost per ounce and cementing its position as one of the lowest cost gold producers… This content is for iQ...

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Jan 05, 2022
Mt Carlton performs for Navarre Minerals

Mt Carlton performs for Navarre Minerals

Navarre Minerals is giving itself a pat on the back for Mt Carlton’s strong performance outlined in its first production report. Navarre Minerals took ownership of the Mount Carlton gold mine, 150km south of Townsville, in a $90 million deal. The company announced last month (December’21) it had completed the acquisition from Evolution Mining, including… This content is for iQ Industry Quee...

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Dec 21, 2021
Christmas Q&A – Arran McGhie

Christmas Q&A – Arran McGhie

Arran McGhie is chief operations officer with Genex Power. He joined iQ for a quick Christmas Q&A…. What do you count as the biggest success of your organisation for the last 12 months? Reaching FC and commencing construction on our Kidston Pumped Storage Hydro Project. What goals and expectations do you have for 2022?  Continue to successfully… This content is for iQ Industry Queenslan...

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