Stories

Apr 02, 2020
QCoal moves on Bounty Mining assets

QCoal moves on Bounty Mining assets

QCoal has moved to purchase the business and assets of Bounty Mining, including the Cook Colliery. The company went into voluntary administration in December after a string of setbacks including rockfalls at the Blackwater district mine in October. Bounty Mining receivers and managers PWC said they had accepted an offer from QCoal subsidiary Constellation Mining. The transaction is expec...

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Apr 02, 2020
FNQ miner hit with $4m demand over stalled deal

FNQ miner hit with $4m demand over stalled deal

Chillagoe mining operation owners are seeking more than $4 million from Consolidated Tin Mines after a failed acquisition deal. The proposed $53 million acquisition deal would have seen Consolidated Tin adding the Mungana processing plant, Mungana mine and King Vol polymetallic mine to its regional assets. It has now received a notice of demand from Auctus Minerals for payment of a break f...

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Apr 02, 2020
Construction kicks off on  $5.2m Cannonvale depot

Construction kicks off on $5.2m Cannonvale depot

Newlands Commercial Constructions is set to begin work this month on a new $5.2 million Ergon depot in the Whitsunday region. Energy Minister Dr Anthony Lynham said the new development on Galbraith Park Drive in Cannonvale would replace the ageing Proserpine depot, which was badly damaged by severe Tropical Cyclone Debbie three years ago.  “Newlands has committed to hiring local cont...

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Apr 02, 2020
Stanmore takeover bid

Stanmore takeover bid

COVID19 has been quoted as one reason behind today’s takeover bid on Stanmore Coal. The bidder, Golden Investments, is offering $1 a share for 50 million shares. That’s a 22 percent premium to yesterday’s closing price. Golden Investments already controls 31.25 percent of the 250 million plus shares listed with the Australian Stock Exchange (ASX) making it the largest shar...

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Apr 02, 2020
Coal quality tampering probe finds high rate of breaches

Coal quality tampering probe finds high rate of breaches

About half of the coal sample analysis certificates issued by ALS laboratories in Queensland and NSW since 2007 were manually amended ‘without justification’, an investigation has found. The company today said an independent forensic investigation had been completed into the Coal Superintending and Certification Unit within the ALS coal business. “The investigation has ide...

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Apr 02, 2020
New executive at the helm at Abbot Point

New executive at the helm at Abbot Point

A new general manager is taking the helm at Adani’s Abbot Point operations near Bowen. Allan Brown (pictured below) has been appointed general manager – port operations from April 14. Chief executive officer Adani Infrastructure Trista Brohier said Mr Brown joined the business with a wealth of experience in senior leadership roles from Gladstone Ports Corporation and most recently N...

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Apr 01, 2020
Team shifts track to race to save lives

Team shifts track to race to save lives

Queensland-based Triple Eight Race Engineering has turned its attention from the track to tackling the COVID-19 crisis by developing a low-cost ventilator. Triple Eight suspended its usual operation following the cancellation of the Australian Grand Prix and has been focused on designing and building a working prototype. “One week we’re at the race track trying to go fast and t...

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Apr 01, 2020
Peabody cuts 40 jobs from Australian operations

Peabody cuts 40 jobs from Australian operations

Peabody Energy is shedding 40 staff from its Australian coal operations, citing a range of factors including the COVID-19 crisis. A Peabody spokeswoman described it as an extremely difficult decision for the company. “These actions come in response to macro industry conditions, including the mild Northern Hemisphere winter, historically low natural gas prices, trade and policy uncertainti...

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Apr 01, 2020
BMA eyes its options as COVID-19 measures step up

BMA eyes its options as COVID-19 measures step up

BMA is considering options including temporarily relocating workers and amending rosters to minimise travel to Queensland as the State tightens border restrictions. The company said today it supported the Queensland Government’s efforts to reduce the spread of COVID-19 by limiting interstate travel to those  working in business critical roles in the mining sector. “We thank Minister L...

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Apr 01, 2020
QME 2020 postponed to September

QME 2020 postponed to September

The Queensland Mining and Engineering Exhibition (QME) has been postponed from July to September, organisers announced today. “The effects, actual and projected, of coronavirus are becoming evident across all aspects of our lives here in Australia and around the world,” QME organisers said in a statement on the decision. “In the context of the current situation, and foll...

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Apr 01, 2020
Meet the latest model in Komatsu’s 830E line-up

Meet the latest model in Komatsu’s 830E line-up

Komatsu says its new 830E-5 truck represents a major advance for its 230-tonne capacity haul line. Powered by a Cummins QSK60 diesel engine rated at a standard 2500 hp (gross), and with a 2700 hp option for greater speed on grade, it incorporates the latest engine and drive system technology, as well as capacity and availability improvements. Komatsu national product manager – mining...

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Apr 01, 2020
Engineers update from home

Engineers update from home

Queensland engineers are being encouraged to develop both ‘soft’ and technical skills from home. The Queensland branch of peak industry body the Institute of Public Works Engineering Australasia (IPWEAQ) has launched new courses for their members in quarantine. The Learning Hub offers both technical and non-technical areas of study from today (April 1), for members and professio...

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Apr 01, 2020
Completion for $300m Ravenswood gold deal

Completion for $300m Ravenswood gold deal

The Ravenswood gold mine has officially changed hands, with new owners EMR Capital and Golden Energy and Resources completing the $300 million purchase deal yesterday. The EMR GEAR Consortium have flagged a keen interest in ramping up operations and extending the life of the business. Former owner Resolute Mining says the sale deal gives it immediate liquidity and exposure to the future su...

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Mar 31, 2020
Eleventh-hour reprieve for Rex regional air services

Eleventh-hour reprieve for Rex regional air services

Regional Express has reversed plans to suspend Queensland services after what it describes as a last-minute intervention from the Department of Transport and Main Roads. Rex said tonight it would resume full services on Wednesday, April 1 and move to a reduced schedule from April 2 on all five State Government-regulated routes. “A final agreement has not yet been reached with TMR on t...

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Mar 31, 2020
Plea to stop exploration jobs falling through the gap

Plea to stop exploration jobs falling through the gap

The Association of Mining and Exploration Companies is calling on the Federal Government to widen the criteria for the $130 billion JobKeeper wage subsidy scheme. AMEC says the eligibility criteria as announced will exclude small mineral exploration companies, because they don’t have any turnover, which is a requirement for eligibility. “Small mineral exploration companies don’t hav...

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Mar 31, 2020
Interstate mine workers to be locked out within days

Interstate mine workers to be locked out within days

Queensland will close its borders to interstate fly in-fly out mine workers from midnight Saturday unless they are deemed critical to a project’s operations.   The changes do not affect FIFO or DIDO workers travelling from within Queensland, and interstate workers holding statutory positions, who have site safety responsibilities, are exempt. Mines Minister Dr Anthony Lynham said ...

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Mar 31, 2020
Key safety conference called off due to virus measures

Key safety conference called off due to virus measures

Organisers have cancelled the 2020 Queensland Mining Industry Health and Safety Conference due to restrictions surrounding the COVID-19 outbreak. The event was previously scheduled to be held from Sunday, August 23 to Wednesday, August 26. The Queensland Resources Council said the focus would now shift to the 2021 Conference, to be held at The Star Gold Coast, with the theme “Together ...

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Mar 31, 2020
Ministers join forces to keep resource sector ticking along

Ministers join forces to keep resource sector ticking along

The Australian Government has reiterated its commitment to keeping the resources sector running through the COVID-19 pandemic. Federal Minister for Resources, Water and Northern Australia Keith Pitt said Australian resources ministers met by teleconference again last night to discuss the shared goal of ensuring this vital sector kept operating. “The Australian resources sector is a key ...

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