Archived News for Industry Professionals
The Northern Territory has named the ShoreASCO Consortium as the preferred bidder to construct, own and operate Darwin’s Marine Supply Base. The base will service the logistical needs of the oil and gas sector.
Exclusive commercial negotiations will now be undertaken with the ShoreASCO Consortium with a view to finalising contracts by the end of 2011
Chief Minister Paul Henderson said the consortium – which includes ASCO Holdings, Macmahon Contractors and Capella Capital – combines local, national and international expertise.
Hancock sells Galilee Basin interests
Hancock Coal has announced the $1.2 billion sale of large quantities of its holdings in the Central Queensland Galilee Basin area to Indian group GVK Coal.
WA signs new China trade and investment deal
The Western Australian State Government has become the first non-national governmental body in Australia to sign a Memorandum of Understand with China after Premier Colin Barnett signed a co-operative trade and investment agreement.
Carbon tax legislation goes before Parliament
Prime Minister Julia Gillard has introduced the Federal Government’s carbon tax legislation to Parliament, saying that the legislation will lead to reducing the country’s carbon production while stimulating the economy and creating jobs.
Second MRRT exposure draft released
The Federal Government has released the second exposure draft legislation for the Minerals Resources Rent Tax (MRRT).
New technology previews long-term impact of mining on groundwater aquifers
A new centrifuge at the University of New South Wales Water Research Laboratory can act as an environmental “time machine”, allowing researchers to preview the long-term effects on groundwater aquifers of activities such as coal seam gas and longwall mining.
Senate approves offshore petroleum regulator
The Federal senate has passed a legislative package that will enable the creation of a single national regulator for offshore petroleum activities.
Resources Advisory Council formed
The Federal Government has announced the formation the Resources Advisory Council, comprised of business and union leaders from the resources sector and senior government officials. The council will be tasked with increasing productivity and competitiveness, creating jobs and improving skills of workers in the sector.
Rio Tinto increases Pilbara investment
Mining giant Rio Tinto has announced plans to invest a further $816 million in the company’s Pilbara iron ore project. The spending will be directed toward the company’s integrated power and gas network.
BAE to upgrade oil and gas operation facilities
BAE Systems has announced it will upgrade its waterfront facilities in Western Australia to deliver new services supporting Australia’s offshore oil and gas operations.
Oil and gas centre launched in NT
Construction of a new oil and gas research facility has begun in the Northern Territory.
Carbon tax vote in October
Prime Minister Julia Gillard has introduced the Federal Government’s carbon tax legislation to Parliament, saying that the legislation will lead to reducing the country’s carbon production while stimulating the economy and creating jobs.
Oakajee deal nears completion
The Western Australian State Government has announced that a deal to overhaul the troubled $5.9 billion Oakajee port and rail development is only weeks away from being finalised.
NSW promises to trade royalties scheme for compensation
The New South Wales State Government has pledged to drop its planned $944 million royalties hike if the Federal Government compensated the state for losses incurred with the planned Carbon Tax.
Rio Tinto to spend $299 million on Pilbara water project
Mining giant Rio Tinto has announced a $299 million project to construct sustainable water supply for its iron ore operations in the Pilbara region of Western Australia. The plant will have a planned capacity up to the 333 million tonnes (Mt/a).
Queensland to host International Gas Symposium
The Queensland Government has announced the state will host both domestic and international top-level experts and industry leaders of the gas sector in a two-day International Gas Symposium.
Queensland gas market to continue boom
The Queensland State Government has expressed its confidence in the health and longevity of its gas mining sector, with a number of new major investments set to deliver ‘decades of jobs for Queenslanders’.
NSW to follow WA on royalties increase
The New South Wales State Government has announced it will follow Western Australia's example and move to increase mining royalties. The changes will be announced in the State Budget this week after State Treasurer Mike Baird outlined the policy.
Olympic Dam agreement inches closer
An agreement between the South Australian Government and BHP Billiton over the company's proposed expansion to its Olympic Dam site seems to be inching closer after an initial draft indenture act has been outlined.
BHP funds Newcastle port expansion
BHP Billiton has announced the company has approved a US$367 million investment for the third stage of development of the Newcastle Coal Infrastructure Group’s (NCIG) coal handling facility in Newcastle.
Miners paying more tax
A report commissioned by the mining industry and published Deloitte Access Group shows that mining companies are paying slightly more tax as a percentage of their income compared to the same time three years ago.