Stories

May 13, 2019
Funds flowing to former refinery workers says lawyer

Funds flowing to former refinery workers says lawyer

Clive Palmer’s lawyer says the entitlement payments he promised have begun flowing to former QNI workers. Alexander Law principal Sam Iskander said today at least 20 claims totalling about $450,000 had been paid from a $7 million trust account. Mr Iskander said he expected a further 30 claims would be settled by the end of the week. In April Mr Palmer, chairman of QNI Resources Li...

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May 13, 2019
Coal royalties surge to bring State Budget bonanza

Coal royalties surge to bring State Budget bonanza

Record coal royalties will deliver a further $1 billion on top of the State Government’s Budget projections, the Queensland Resources Council says. The QRC has forecast that royalties on thermal and metallurgical coals will set a new record of $4.46 billion this financial year (2018-19) – or the equivalent of $12 million a day. “At the time of the State Budget last year, the Governmen...

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May 13, 2019
Adani up in arms over latest approvals hurdle

Adani up in arms over latest approvals hurdle

Adani Mining says ‘enough is enough’ after new advice on the approvals process for its Groundwater Dependent Ecosystem Management Plan. The company said Queensland’s Department of Environment and Science (DES) was seeking to further delay finalisation of the Carmichael project’s GDEMP by engaging in a secretive and non-transparent additional review process. It alleges the depart...

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May 12, 2019
Coal community sends clear message to candidates

Coal community sends clear message to candidates

“If they don’t back us, we can’t back them,” was the message to politicians from the Go Galilee Basin rally this weekend. A crowd of about 250 people joined the event in Mackay’s CBD. Event organiser Resource Industry Network (RIN) released the names of those election candidates who answered ‘yes’ on the question of whether or not they support companies developing ...

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May 11, 2019
Rockhampton welcomes  some smooth operators

Rockhampton welcomes some smooth operators

Rockhampton Regional Council has upgraded key plant equipment in its civil operations fleet, replacing two of its six graders. Acting civil operations manager Michael O’Keeffe said with more than 1000km of unsealed roads in the region, the council worked hard to maintain the entire road network to the best possible condition and in the most cost-efficient manner for ratepayers. “Council has...

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May 10, 2019
Blair Athol owner in $63m restructure move

Blair Athol owner in $63m restructure move

Blair Athol mine owner TerraCom Resources has announced a $63 million restructuring plan. TerraCom is launching a fully underwritten entitlement offer to raise about $35 million. It has also entered a $28 million convertible bond with shareholder OCP Asia. “The funds raised will significantly reduce the company’s cost of debt and provide vital leverage in the final negotiation of refinan...

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May 10, 2019
North West’s mayors fight for a better deal

North West’s mayors fight for a better deal

North West Queensland local government leaders are in Townsville this week to highlight their fight for a better regional deal. The mayors chose to meet in Townsville (9-10 May), inviting parties and candidates to take a final opportunity to formally respond to their concerns before the Federal Election. Carpentaria Shire Mayor Jack Bawden said North West communities had long felt forgott...

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May 10, 2019
PM unveils $30m plan for CQ School of Mines

PM unveils $30m plan for CQ School of Mines

Prime Minister Scott Morrison has promised $30 million for a new CQUniversity School of Mines and Manufacturing – Gladstone and Rockhampton. He said new school was part of the Government’s plan for a stronger economy that would help Central Queenslanders train locally in industries supporting more local jobs, as well as helping create up to 320 jobs in the construction phase. “The $30 mill...

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May 09, 2019
Mackay gears up for Go Galilee Basin rally

Mackay gears up for Go Galilee Basin rally

Resource Industry Network (RIN) is calling on the community of Mackay to support the ‘Go Galilee Basin’ community rally. The weekend event was a chance to send a big message to those who seek to be in power after May 18, the group said. RIN General Manager Adrienne Rourke said the risk of losing Australia’s leading export industry was not something they were willing to sit back and ignore....

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May 09, 2019
Seven things to ask when tackling cybersecurity

Seven things to ask when tackling cybersecurity

Although some industries may be targeted more often than others for cyberattacks, every organisation must take necessary security precautions and make cybersecurity a top priority and investment, according to technology company Forescout. Forescout senior director for Asia Pacific and Japan Steve Hunter says it’s well worth investing some effort up front to evaluate the options. And be pr...

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May 09, 2019
Direct funds injection for remote Indigenous housing

Direct funds injection for remote Indigenous housing

The Federal Coalition has promised a $105 million investment directly to Aboriginal and Torres Strait Islander Councils to fund remote Indigenous housing in Queensland. Member for Leichhardt Warren Entsch said communities across Cape York and the Torres Strait would now have access to funding to deliver better housing. “The Queensland Labor Government rebuffed numerous Commonwealth offers o...

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May 09, 2019
Seismic survey work kicks off at Julia Creek project

Seismic survey work kicks off at Julia Creek project

QEM has started a seismic surveying program on its flagship Julia Creek project in North-West Queensland. The company has engaged Velseis to conduct the survey, which aims to increase the geological confidence of the deposit. QEM say the seismic data gathered through the survey will play an important role in the assessment of potential mine designs and also in the process of planning the p...

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May 08, 2019
Ausmex in major Cloncurry drilling campaign

Ausmex in major Cloncurry drilling campaign

Ausmex has launched a 15,000m reverse circulation and deep diamond core drilling program at its Mt Freda complex near Cloncurry. The program is targeting a massive sulphide, high-grade gold-copper-cobalt mineralisation. It aims to define JORC-compliant resources over the company’s  Mt Freda and Evening Star projects as well as Golden Mile – which incorporates eight historical high-gra...

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May 08, 2019
Coal fuels bumper exports

Coal fuels bumper exports

Coal remains Queensland’s biggest export, making up 40 per cent of the State’s total exports as it continues to report trade records.  The latest Australian Bureau of Statistics trade figures showed the value of exports rose 18.4 per cent to $84.3 billion for the 12 months to March 2019. Premier Annastacia Palaszczuk said the value of Queensland’s merchandise exports over the ye...

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May 08, 2019
Stadium footbridge link plans revealed

Stadium footbridge link plans revealed

A new $7.4 million new pedestrian bridge will provide improved access to North Queensland Stadium in Townsville’s city centre under a State program. Plans for the Reid Park Active Transport Bridge and a $2.35 million Magnetic Island Forts Junction Hub upgrade were revealed today. They will be funded through the Palaszczuk Government’s $40 million Growth Area and Regional Infrastructure In...

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May 08, 2019
Galilee Basin plant would curb industrial power costs says Waratah Coal

Galilee Basin plant would curb industrial power costs says Waratah Coal

A proposed $1.54 billion coal-fired power station proposed in the Galilee Basin would help protect Australia’s resource sector from high energy costs, says Waratah Coal. Waratah Coal managing director Nui Harris said that production of resources like aluminium, copper and nickel required substantial energy, meaning that a low-cost, 24/7 base-load power supply was essential to drive Queensland ...

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May 08, 2019
Excellence shines through in Indigenous participation

Excellence shines through in Indigenous participation

Eighteen high-performing Indigenous resource employees, students and companies have been named as finalists in this year’s Queensland Resources Council (QRC) 2019 Indigenous Awards. QRC chief executive Ian Macfarlane said the awards identified the leading individuals and organisations making a significant contribution to the sector and communities. “Not only do these awards celebrate the ...

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May 08, 2019
Defence contractor Rheinmetall to brief Townsville industry

Defence contractor Rheinmetall to brief Townsville industry

Rheinmetall Defence Australia will host an event in Townsville this month as part of an Industry Engagement Road Show.Rheinmetall will provide its defence program updates and engage in business-to-business sessions to gain a greater understanding of industry capabilities. The event will run from 8.30am to 11am on May 23 at Rydges Southbank. The Federal Government last year announced that ...

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