Archived News for Industry Professionals
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’.
State Employment Skills and Mining Minister Stirling Hinchliffe, releasing the Queensland 2011 Gas Market Review Report, said recent gas projects in the pipeline would create around 18,000 jobs for Queenslanders and reinforce the state’s reputation as a hub for cleaner, greener energy solutions.
The Minister said the Queensland 2011 Gas Market Review Report shows the state’s gas market will continue to grow, fuelled by increased demand to meet domestic and industrial gas supply, electricity generation and the emerging LNG export industry.
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.
South Australia developing STEM strategy
The South Australian Government is developing a cross-government strategy to increase the supply of people taking up careers in the science, technology, engineering and mathematics fields to meet the future needs of local industry.
New reference guide for sustainable mining released
A new reference guide has been launched, bringing together the the major lessons of the leading practice handbooks and case studies from around the world in a single reference point for mine managers, senior operating personnel at mine sites, consultants, regulators and others involved in implementing practical and sustainable mining solutions.
Federal Government releases resources rent tax draft
Treasury has released an exposure draft legislation for the extension of the Petroleum Resource Rent Tax (PRRT) for public comment.
Federal Government establishes skills standards council
The Federal Government has announced the formation of the National Skills Standards Council (NSSC), which will act as a standards setting body for the vocational education and training (VET) sector with an aim to improve quality and consistency of VET regulation throughout the country.
Bowen Basin resource companies to further indigenous employment
The Federal Government has announced its Bowen Basin Indigenous Mining Contractors initiative that aims to further Indigenous employment in the field.
Carr calls for an end to 'closed loop' ore deals with China
Federal Industry Minister Kim Carr has called an end to the practice of exporting ore to China and, in return, purchasing the finished steel product.
Queensland's Major Projects Office opens
Queensland's new Major Project Office (MPO) has been opened by the State Government in a move to streamline approval processes for developers of major projects.
John Holland Wins Contract for GLNG Curtis Island LNG Jetty
John Holland has been awarded a marine subcontract worth in excess of $90 million which forms part of the works for GLNG’s proposed Curtis Island LNG facility.
Downer EDI announces $166.4 million profit
Downer EDI Limited (Downer) has announced underlying earnings before interest and tax (EBIT) of $292.2 million for the year ended 30 June 2011, 8.1% lower than the previous year. Underlying net profit after tax (NPAT) was 15.7% lower at $166.4 million.
BHP Billiton profit soars
BHP Billiton has posted a record profit of $22.6 billion, almost twice last year’s result and the biggest profit ever recorded by an Australian company.
Greens call for Olympic Dam processing jobs to stay in Australia
In the wake of BHP Billiton’s record profit announcement, South Australian Greens MP Mark Parnell is calling on the South Australian government to insist that BHP process Olympic Dam ore in South Australia, not export it to China to save costs.
Government announces steel support advance
The Federal Government has announced it will introduce a new advance facility into its Steel Transformation Plan (STP) in an attempt to counter the recent troubles in the steel production sector.
BHP to assist BlueScope unemployed
Mining giant BHP Billiton has announced plans to provide support to some of the 1,000 workers who will soon lose their jobs as BlueScope Steel shuts down its Port Kembla Steelworks.
BHP finalises Petrohawk acquisition
Mining giant BHP Billiton has announced the finalisation of its US$12.1 billion acquisition deal to purchase Houston-based Petrohawk Energy Corp.
WPG to sell South Australian iron ore assets to OneSteel
WPG Resources has agreed to sell its iron ore assets in South Australia to OneSteel Limited for about $346 million, crystallising a 400% return on the company's iron ore investment of $70 million.
Greens call for gas rethink
The Federal Greens have warned that billions of dollars worth of coal seam gas investment may become stranded assets within decades.