Stories

Jul 03, 2019
Gold price rise puts Mt Freda   mining in new light

Gold price rise puts Mt Freda mining in new light

Ausmex Mining has started resource definition drilling at its Mt Freda project near Cloncurry, with RC and diamond rigs targeting high-grade gold extensions to former owner Queensland Mining Corporation’s previous estimate. Diamond core drilling is specifically targeting high-grade gold under the floor of the site’s open pit. Ausmex said the aim was to recover metallurgical test...

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Jul 02, 2019
Power project a step closer to NAIF funding decision

Power project a step closer to NAIF funding decision

The $1 billion CopperString 2.0 transmission project has progressed to the due diligence phase of Northern Australia Infrastructure Facility (NAIF) assessment. The NAIF said the project, from proponent CuString, had the potential to meet all the mandatory eligibility criteria in the NAIF’s Investment Mandate. CopperString 2.0 is the development of a 1100km high-voltage electricity transmis...

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Jul 02, 2019
Lithium find could expand Queensland’s battery production potential

Lithium find could expand Queensland’s battery production potential

A new lithium province, located in North Queensland, is due to be flagged during the Australian Institute of Mining and Metallurgy’s Lithium Conference in Perth. The discovery was announced by Strategic Metals Australia (SMA), a private exploration company based in South-East Queensland. The SMA tenement is located between Forsayth and Georgetown more than 400km south-west of Cairns. ...

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Jul 02, 2019
IPO opens as Tartana eyes Chillagoe plant restart

IPO opens as Tartana eyes Chillagoe plant restart

The Tartana Resources IPO opened today with a target to raise $6 million to fund its exploration activities at the Tartana copper/zinc project, near Chillagoe in North Queensland. Tartana Resources chairman Steve Bartrop said the raising was being sponsored by Taylor Collison, but was also supported by a number of other brokers. This recognised the fact that, unlike most junior resource co...

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Jul 02, 2019
Impact advances Clermont gold assessments

Impact advances Clermont gold assessments

Impact Minerals has succesfully completed a bulk sampling program at its Blackridge gold project, about 30km north of Clermont in Central Queensland. A total of 14 samples were taken for about 160 tonnes, the company said. A water processing plant set up on site performed exceptionally well, with the free digging conglomerate separating easily in the trommel and sluice. Panned concentra...

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Jul 02, 2019
New leader for QEC

New leader for QEC

Xplore Resources founder Kim Wainwright is the new chair of the Queensland Exploration Council (QEC). Queensland Resources Council chief executive Ian Macfarlane said the incoming chair was a great fit for the role and he looked forward to having an inspiring female industry champion in the position. “Kim holds a number of directorships in Australia, as well as being the managing director a...

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Jul 02, 2019
Receivers appointed to Cloncurry miner CuDeco

Receivers appointed to Cloncurry miner CuDeco

Receivers have been appointed to embattled Cloncurry copper miner CuDeco. China Tonghai International Financial Limited (CTIFL) has appointed three members of FTI Consulting as receivers and managers of CuDeco following a strategic review of funding and restructuring options. Operations at CuDeco’s Rocklands copper mine have been suspended since August 31 last year. In a quarterly ...

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Jul 02, 2019
Rail project on track to deliver beefy benefits this year

Rail project on track to deliver beefy benefits this year

A $5 million rail spur project to improve logistics in the Central Queensland beef industry is due for completion in October. The State Government said $1.1 million was being invested in the Yeppoon rail line upgrade in the 2019/20 financial year. The project will reinstate a disused section of rail line and connect it to the Rockhampton JBS Abattoir. “To date, the team has alread...

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Jul 02, 2019
Glittering future for Australian gold exports

Glittering future for Australian gold exports

Australian gold has a glowing growth forecast, with export earnings tipped to peak at $22 billion in 2020/21. The findings in the June 2019 edition of Resources and Energy Quarterly reflect expected rises in gold prices, local gold production, and export volumes. The latest report includes a special focus on gold – which is forecast to overtake thermal coal as Australia’s fo...

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Jul 01, 2019
Report highlights run of record export earnings

Report highlights run of record export earnings

The value of Australia’s resources and energy exports is hitting record highs, according to the latest federal data. “Resource and energy export earnings are estimated to have reached a record $275 billion in the 2018–19 financial year and are expected to hit $285 billion in 2019–20,” Minister for Resources and Northern Australia Matt Canavan said. The figures are contained in t...

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Jul 01, 2019
Zenith tracks Evolution

Zenith tracks Evolution

Zenith Minerals has received further encouraging gold and silver results from its solely-owned Red Mountain project in southern Queensland. The Red Mountain project is located within 100km of operating gold mines at Cracow and Mount Rawdon, which is around 380km north of Brisbane. Evolution Mining has operations in those regional centres.. Zenith’s maiden exploration program in 2017 at R...

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Jul 01, 2019
Central Highlands reveals Works for Qld project list

Central Highlands reveals Works for Qld project list

Twelve projects have been earmarked to take advantage of the Central Highlands region’s $2.5 million share of the 2019/21 Works for Queensland (W4Q) funding program. Mayor Kerry Hayes said the projects would benefit people across the region and create an estimated 88 jobs. “Our 2019/21 projects have a strong focus on upgrading sports and lifestyle facilities across the region,&...

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Jul 01, 2019
North West’s cobalt prospects drive project deal

North West’s cobalt prospects drive project deal

Hammer Metals has completed the sale of its 75 per cent interest in the Millennium cobalt project to joint venture partner Global Energy Metals Corporation. The Millenium deal saw Hammer receive enough Global shares to hold a 19.9 per cent interest in the company following the sale and were valued at almost $1.365 million. Under the terms of the sale agreement, Global will also purchase the...

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Jul 01, 2019
New resource partnership for Mackay region

New resource partnership for Mackay region

The Queensland Resources Council has announced a new partnership with local councils to help ensure Mackay region receives a fair share of economic benefits from the mining sector. The QRC signed the agreement with the Greater Whitsunday Council of Mayors. It will include working together to push for royalties earnt from the Greater Whitsunday region to be reinvested within the region ...

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Jul 01, 2019
Strong demand for Cape York bauxite

Strong demand for Cape York bauxite

Metro Mining is enjoying a strong sales pipeline from its Bauxite Hills mine, as it signs a new contract with a Chinese refinery operator. The new agreement with a major State-owned Chinese aluminum group covers tonnage of 420,000 WMT (wet metric tonnes), all for delivery in 2019. It means the Metro has sold about 90 per cent of its planned 2019 production of 3.3-3.5 million WMT from the C...

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Jul 01, 2019
Freight industry welcomes oversize load permit reform

Freight industry welcomes oversize load permit reform

The State Government has announced a change in heavy vehicle permitting that is expected to save industry more than $1 million in fees and thousands of hours in paperwork. Permit durations for Class 1 Oversize Overmass (OSOM) load-carrying vehicles will be extended to 12 months, following a review of OSOM vehicles last year. Transport and Main Roads Minister Mark Bailey said the Palaszczuk ...

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Jun 29, 2019
Minister in town to showcase State roads funding

Minister in town to showcase State roads funding

Jobs and connectivity by road, rail and air in Queensland’s west are a key focus of the State Government’s record transport budget, says Transport and Main Roads Minister Mark Bailey. He was speaking during a visit to the $8.3 million Barkly Highway upgrade project in Mount Isa this week. Final asphalt works under the project should be complete mid-July and line marking finished next month ...

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Jun 29, 2019
Drainage a priority in $19.5m Hinchinbrook works plan

Drainage a priority in $19.5m Hinchinbrook works plan

The Hinchinbrook Shire Council’s 2019/20 Budget has allocated more than $1 million to addressing storm water and drainage issues. “Council acknowledges the importance of improving drainage aspects throughout the Shire and an emphasis has been placed on that in the 2019-2020 Budget,” Mayor Ramon Jayo said. Cr Jayo said the council would be using Federal Government Disaster Relief funding ...

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