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mining

Jul 04, 2020
Resources remain backbone of State export earnings

Resources remain backbone of State export earnings

Queensland’s resources sector accounted for 80 per cent of the total value of the State’s exports of $79.9 billion in the 12 months to May 2020. Queensland Treasury’s analysis of Australian Bureau of Statistics data showed a drop of almost $6 billion in the value of Queensland exports in that time, while nationwide the total rose by $19.3 billion. Coal accounted for $32.6 billion of t...

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Jun 05, 2020
SMW Group to publicly list

SMW Group to publicly list

Well-known CQ businesses SMW Group and BAE Engineering have announced a merger and the creation of a new parent company, SMW Group Limited. SMW Group is a diversified mining support and industry services provider based in Rockhampton, Queensland. SMW has been operating since 2010 and employs over 320 staff. The company has three key business divisions covering heavy fabrication and eng...

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May 12, 2020
Miners pay record taxes

Miners pay record taxes

Company taxes and royalties paid by Australia’s world-leading minerals sector increased by $8 billion in 2018-19 to a record $39.3 billion. It reflect continued higher production and strong commodity prices, according to a new Deloitte Access Economics report commissioned by the Minerals Council of Australia (MCA). The report confirms that the minerals sector contributed close t...

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May 07, 2020
Critically injured miners airlifted after explosion

Critically injured miners airlifted after explosion

Five workers have been airlifted to Brisbane after suffering serious burns in an underground explosion at Grosvenor coal mine near Moranbah. Union sources say an ignition of gas on the longwall face was believed to have caused the explosion, which occurred about 3.15pm yesterday. The injured men were taken to Moranbah Hospital with significant burns to the upper torso and airways, the Queen...

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May 06, 2020
Shot in the arm for Queensland exploration

Shot in the arm for Queensland exploration

The State Government is backing Queensland’s explorers with a multi-million-dollar COVID-19 survival package including relief on a range of costs and initiatives to spark new opportunities. Mines Minister Dr Anthony Lynham described exploration as the lifeblood of the resources sector, one of the strongest-performing sectors of the economy during the COVID-19 crisis. Mines Minister Anthon...

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May 06, 2020
Shot in the arm for Queensland exploration

Shot in the arm for Queensland exploration

The State Government is backing Queensland’s explorers with a multi-million-dollar COVID-19 survival package including relief on a range of costs and initiatives to spark new opportunities. Mines Minister Dr Anthony Lynham described exploration as the lifeblood of the resources sector, one of the strongest-performing sectors of the economy during the COVID-19 crisis. Mines Minister Anthon...

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May 05, 2020
TerraCom tightens belt with Blair Athol fleet cuts

TerraCom tightens belt with Blair Athol fleet cuts

TerraCom will drop an entire truck and excavator mining fleet from its roster at the Blair Athol coal mine near Clermont as it cuts costs to weather the impacts of COVID-19. The company said it was now targeting production of about 2 million tonnes next financial year from the thermal coal operation and expected coal sales of 2.5-2.6 million tonnes for the year ending June 2020. Back in Feb...

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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...

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Jan 29, 2020
Emeco in $72m deal to acquire Pit N Portal

Emeco in $72m deal to acquire Pit N Portal

Earthmoving equipment rental business Emeco plans to acquire hard-rock focused Pit N Portal for $72 million. Emeco has entered a binding agreement to acquire the underground mining equipment and services business. “Pit N Portal allows Emeco to leverage its current core capabilities and expand into a new market.” Emeco managing director and chief executive officer Ian Testrow sa...

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