Stories

Mar 18, 2020
Resources industry on track for record-breaking year

Resources industry on track for record-breaking year

Australia’s resource and energy export earnings are heading for a record of $299 billion in 2019–20, an increase of $18 billion from last financial year. The Department of Industry, Science, Energy and Resources has just released the March 2020 edition of the Resources and Energy Quarterly. Strong iron ore and gold prices and a weaker Australian dollar are expected to support earnings...

Read More
Mar 18, 2020
Survey highlights virus  impact on manufacturing

Survey highlights virus impact on manufacturing

Australia’s manufacturing sector has been hit by the largest single quarter decline in 20 years, the latest Australian Chamber-Westpac Survey of Industrial Trends has found. The findings prompted Australian Chamber of Commerce and Industry chief executive officer James Pearson to call for further sector-specific and economy-wide stimulus measures. “The survey shows a steady de...

Read More
Mar 18, 2020
Relief package announced as airlines go into free fall

Relief package announced as airlines go into free fall

The Federal Government has announced a relief package for the aviation industry after Rex air service warned of the toll of the COVID-19 on regional carriers and Qantas announced drastic flight cuts. The package involves the refunding and waiving of aviation fuel excise, air service charges and domestic and regional aviation security charges. Deputy Prime Minister and Minister for Infrast...

Read More
Mar 17, 2020
Victoria lifts moratorium on conventional gas

Victoria lifts moratorium on conventional gas

The Victorian Government has lifted the State’s moratorium on onshore conventional gas exploration and development. Federal Minister for Resources, Water and Northern Australia Keith Pitt welcomed the decision, describing it as overdue. “This is an important step forward for an industry that has the potential to be a major economic contributor to Victoria and Australia once the ban...

Read More
Mar 17, 2020
Coal mine employees cleared of COVID-19

Coal mine employees cleared of COVID-19

Daunia coal mine workers isolated after contact with an infected supplier have returned negative COVID-19 test results. Mine owner BMA said the visitor had limited contact with the team at Daunia, 30km south-east of Moranbah, before his positive results. Those identified as having close contact with the individual were placed in in self-isolation as a precaution. The company said two peopl...

Read More
Mar 17, 2020
New safety authority to kick off from July

New safety authority to kick off from July

Queensland’s 66,000 resources workers will have their own health and safety ‘champion’ after Parliament passed legislation supporting a new independent body. The Resources Safety and Health Queensland (RSHQ) statutory body will kick off from July 1. The new authority will regulate the safety and health of the state’s minerals, coal, petroleum and gas, quarry, small-scale min...

Read More
Mar 17, 2020
Gladstone alumina project ‘financially compelling’

Gladstone alumina project ‘financially compelling’

Alpha HPA says plans for high-purity alumina industrial plant in Gladstone have proven technically robust and financially compelling. The company today released results from a definitive feasibility study into the HPA First Project, which would cost $308 million to develop. The cost estimate has increased compared to the prefeasibility study projection of about $200 million. The DFS is b...

Read More
Mar 17, 2020
Qantas slashes flights amid COVID-19 travel slump

Qantas slashes flights amid COVID-19 travel slump

Qantas and Jetstar will cut domestic capacity by about 60 per cent and international capacity by 90 per cent from the end of the month. Qantas Group announced the move today ‘as a result of significant falls in travel demand due to coronavirus, and new government restrictions across multiple jurisdictions’. It will see about 150 aircraft grounded, including almost all of the g...

Read More
Mar 17, 2020
State Government extends help for business

State Government extends help for business

The Queensland Government has announced a new $500 million loan facility to help businesses keep people in work and extend the coronavirus payroll tax deferral. Premier Annastacia Palaszczuk said the rapidly evolving impacts of the pandemic demanded a rapidly evolving response from Government. “We know just how tough Queensland families and businesses are doing it in the face of this pand...

Read More
Mar 17, 2020
Economic development projects boost Hughenden

Economic development projects boost Hughenden

Flinders Shire Council is positioning itself for growth with a $1.35 million project to increase industrial blocks at Hughenden and a $2.5 million-plus facelift for the town’s main commercial strip. Director of engineering Hari Boppudi said the council was creating up to 23 new industrial blocks of varying size. The development is effectively an expansion of the existing industrial estat...

Read More
Mar 17, 2020
Conference warning after NQ senator tests positive

Conference warning after NQ senator tests positive

Townsville Enterprise has issued an alert to people who joined a business forum last week after it was confirmed yesterday that North Queensland Senator Susan McDonald had tested positive for coronavirus. The Townsville-based senator, who has been admitted to hospital, released a statement saying that she had gone into self-isolation after feeling unwell on Friday and being tested. Senato...

Read More
Mar 16, 2020
Coronavirus disruptions to hit Gladstone LNG trade

Coronavirus disruptions to hit Gladstone LNG trade

Australian LNG is starting to experience a ‘double-whammy’ of lower volumes and lower prices as the impact of coronavirus hits, according to advisory firm EnergyQuest. It says the disruption to trade with China and Japan, while not yet substantial, is most pronounced in shipments from Gladstone. In total Australian projects delivered 29 cargoes to China in February, well down o...

Read More
Mar 16, 2020
‘Diggers’ postponed

‘Diggers’ postponed

Diggers and Dealers 2020 has been postponed. The high-profile mining event held in Kalgoorlie traditionally late in winter has been pushed back to October as a precaution against the spread of Coronavirus. ‘Diggers’ has earned its reputation by attracting investors from around the world to hear a series of presentations given by junior and established miners. The committee ha...

Read More
Mar 16, 2020
What’s in a name?

What’s in a name?

Geologists are colloquially known as ‘rock lickers’ or ‘rock doctors’. They’re not known as ‘software smoochers’, ‘hardware huggers’ or ‘GPS kissers’. The distinction, from an industry leader, is a lesson for young geos. That lesson is, ‘stay grounded’. This was in the face of a more difficult discovery environment, the plethora of technical tools and the ever-p...

Read More
Mar 16, 2020
It takes a village to raise a mine

It takes a village to raise a mine

The logistics of building a mine is one thing. The logistics of building a mine more than 900kms from the nearest Toyota dealership is another. That’s what Metro Mining has done on Skardon River north of Weipa on the western side of Cape York. A bit more than two years into operation and managers are preparing to ramp up production to six million tonnes a year in 2021. That’s up from an...

Read More
Mar 16, 2020
Metro to double production

Metro to double production

Metro Mining is positioning itself to almost double production over the next 18 months. A Northern Australia Infrastructure Facility (NAIF) investment will fund a new floating terminal on the Skardon River on the north-west coast of Cape York Peninsula. The $47.5 million loan offer will allow for new infrastructure to load larger vessels, as part of the company’s planned Bauxite Hills Min...

Read More
Mar 16, 2020
Coronavirus fallout spikes Downer Mining deal

Coronavirus fallout spikes Downer Mining deal

Market uncertainty sparked by the coronavirus pandemic has caused Perenti to back away from the potential purchase of Downer EDI’s mining services division.Perenti had previously stated that it was considering a potential acquisition of Downer Mining, but would only make an offer if it were to align with its strategy and deliver value for the company’s shareholders. The company said ...

Read More
Mar 16, 2020
Old-timer on show as port development pushes ahead

Old-timer on show as port development pushes ahead

A D6 dozer, dating back to 1947, has found new digs at the East Shore 1B precinct at Port of Gladstone in a nod to the site’s industrial history. The dozer will be on permanent display at the precinct and has been refurbished to replicate the bulldozers that were used at the Auckland Point Coal Terminal during the 1950s. Gladstone Ports Corporation acting chief executive officer Craig Wa...

Read More
Subscribe to IQ e-News Bulletins
Menu