Stories

Nov 15, 2019
Adani exec highlights Australian coal’s role in India’s economic growth

Adani exec highlights Australian coal’s role in India’s economic growth

A key Adani executive has highlighted the importance of coal-fired generation to India as the company works towards exporting first coal from its Carmichael project in Queensland in 2021. Adani Group ports and special economic zone chief executive officer Karan Adani said thermal coal imports were expected to double in India by 2030. The company believed imported coal from Australia would p...

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Nov 15, 2019
Sale option advances as Incitec Pivot fertiliser arm reports loss

Sale option advances as Incitec Pivot fertiliser arm reports loss

Incitec Pivot’s fertiliser business made a loss of almost $80 million in the year to September 30 after taking a massive hit from the North-West Queensland rail outage caused by monsoonal flooding early this year. In its full-year results presentation this week Incitec also included an update on the ongoing strategic review of its fertiliser business, announced two months ago. Managin...

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Nov 15, 2019
Dunk Island tourism developer wins key approval

Dunk Island tourism developer wins key approval

New Dunk Island resort owner Mayfair 101 has won the development rights for the Dunk Island Spit as it continues to advance what it says is a $1.6 billion investment plan in the region. Cassowary Coast Regional Council, which manages the spit, this week passed a resolution to accept in principle, the tender submitted by Mayfair 101 for lease of the Dunk Island Spit for commercial/recreation an...

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Nov 15, 2019
Minotaur takes bull by the horns on Windsor project

Minotaur takes bull by the horns on Windsor project

Minotaur Exploration is buying out its joint venture partner to acquire the Windsor base metals project in the Charters Towers region outright. The purchase will cost $500,000 in cash and shares. The tenements stretch for 631sq km and include a swathe of the Trooper Creek Formation, which also hosts the Thalanga and Highway Reward deposits. While recent drilling at the Hastings anomaly w...

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Nov 15, 2019
Committee to guide mine site rehabilitation funds

Committee to guide mine site rehabilitation funds

A range of resources industry figures, environmental and academic experts have been named on a panel to advise the Queensland Government on the allocation of funds to rehabilitate failed mine sites. Deputy Premier and Treasurer Jackie Trad said the advisory committee had been established under the Financial Provisioning Scheme (FPS). “The Financial Provisioning Scheme Advisory Committee w...

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Nov 14, 2019
BHP appoints Mike Henry as CEO

BHP appoints Mike Henry as CEO

Mike Henry has been appointed chief executive officer of BHP, replacing Andrew Mackenzie who will retire as CEO on 31 December 2019. Mr Henry, currently BHP’s Australian minerals operations president, has 30 years’ experience in the global mining and petroleum industry. His remuneration package in the CEO role includes a base salary of $2.5 million ($US1.7 million) per annum. ...

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Nov 14, 2019
AusIMM taps BHP technical know-how

AusIMM taps BHP technical know-how

The Australasian Institute of Mining and Metallurgy (AusIMM) has announced a six-year partnership with BHP that will deliver technical and leadership conferences for resources sector professionals. AusIMM chief executive officer Stephen Durkin said the partnership would strengthen AusIMM’s already renowned reputation as a leading knowledge provider for people working in resources. “BHP...

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Nov 14, 2019
Government boosts support for critical mineral projects

Government boosts support for critical mineral projects

The Queensland Resources Council has welcomed the Australian Government’s announcement of new finance pathways for critical minerals projects, along with a special project facilitation office. Projects which boost Australia’s ability to extract and process critical minerals will be eligible for financial support through Export Finance Australia (EFA). Changes will also be made to al...

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Nov 14, 2019
Funding deal paves way for  Hells Gates Dam assessment

Funding deal paves way for Hells Gates Dam assessment

Townsville Enterprise is able to start a detailed business case and environmental impact statement for the Hells Gates Dam proposal after a $24 million funding deal. Member for Townsville Scott Stewart said the State Government had signed an agreement with TEL under the National Water Infrastructure Development Fund. “In the coming weeks TEL will be able to begin sourcing engineering, g...

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Nov 14, 2019
Key Charters Towers gold assets set to change hands

Key Charters Towers gold assets set to change hands

Perth-based European Cobalt is ready to snap up the gold-focused business responsible for restarting Charters Towers’ Blackjack processing plant. The company has entered an exclusive option agreement with the shareholders of Maroon Gold to acquire 100 per cent of its issued capital. European Cobalt describes the proposed acquisition as transformational. “Maroon Gold has estab...

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Nov 13, 2019
Fly ash applications investigated at CQ forum

Fly ash applications investigated at CQ forum

A Rockhampton forum will explore how the by-products from burning coal may be used in a range of regional development projects. Capricorn Enterprise has joined forces with industry groups including the Ash Development Association of Australia (ADAA) to consider the extended use of ash. Capricorn Enterprise regional economic development manager Neil Lethlean said he was keen to keep conver...

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Nov 13, 2019
Liontown drill results show potential to expand Thalanga

Liontown drill results show potential to expand Thalanga

Red River Resources says it is continuing to see outstanding results from the ongoing Liontown drilling program. Assay results from the New Queen Lens and the Main Lens within that deposit indicate potential for a near-term mining opportunity to add to the existing Thalanga operations. The company says the current drilling is confirming the gold-rich polymetallic nature of the Liontown depo...

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Nov 13, 2019
Tender tips for suppliers seeking council work

Tender tips for suppliers seeking council work

Rockhampton Regional Council is hosting its annual supplier forum this month for local businesses wishing to win work with the council. The forum is an opportunity for suppliers to gain an understanding of: Upcoming tender opportunitiesNavigating the tender documentHow tenders are evaluated and awardedHints to improve tender submissionsCouncil’s WHS RequirementsOverview of Local Buy Da...

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Nov 13, 2019
Cook Colliery sheds staff after rock fall review

Cook Colliery sheds staff after rock fall review

Bounty Mining says 21 workers have been laid off at Cook Colliery near Blackwater after rock falls at the coal mine last month forced changes to operations. While there were no personal injuries and only minor damage to equipment, Bounty said the falls resulted in 23,000 tonnes (ROM) in lost production for October. In addition, it expected an indirect loss of production of 150,000 tonnes RO...

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Nov 13, 2019
NQ suppliers’ chance to meet major contractors a ‘speed dating’ type scenario

NQ suppliers’ chance to meet major contractors a ‘speed dating’ type scenario

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Nov 13, 2019
Genex wins breathing space on $610m NAIF loan offer

Genex wins breathing space on $610m NAIF loan offer

The Northern Australia Infrastructure Facility (NAIF) Board has extended its $610 million loan offer for the Kidston Stage 2 pumped storage hydro project. Concerns were raised over the status of the loan offer last week after electricity retailer EnergyAustralia dashed proponent Genex Power’s hopes of reaching financial close on the project this quarter when it failed to commit to a long-ter...

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Nov 13, 2019
Contract dispute and further delays for energy project

Contract dispute and further delays for energy project

Kennedy Energy Park developer Windlab says the renewable energy project is not expected to reach full commercial operations for another four or five months. The project near Hughenden is now running 13 months late and is the subject of a contract dispute between Windlab and the EPC contractor (a joint venture between Vestas Wind Systems and Quanta Services). While the project has been const...

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Nov 12, 2019
Strategic Energy wraps up drilling at Saxby gold site

Strategic Energy wraps up drilling at Saxby gold site

Strategic Energy Resources has completed a drilling program at its Saxby gold project in North-West Queensland, opting to pull out before the wet season rather than sink a second hole. The company said it would sample 95m of core from drill hole SXDD020, which had reached a vertical depth of 718.63m. Assay results are expected next month. Drilling was slower than expected due to time taken...

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