Archived News for Industry Professionals - October, 2011
The Queensland Government has released the environmental impact statement for the $6.6 billion Kevin's Corner coal mine project for public comment.
Deputy Premier, Treasurer and Minister for State Development Andrew Fraser said the $6.6 billion project proposed by Hancock Galilee Pty Ltd would serve to generate long term job opportunities in the region.
“The development of the Galilee Basin as a major centre for coal mining, processing and export, is important to the future economic prosperity of Queensland,” Mr Fraser said.
Resources investment boom to continue
Investment in Australia's mining and resources sector is set to continue at an ever-increasing pace, regardless of the implementation of the carbon tax, according to a report published by Deloitte.
Federal Government pushes for resources transparency
The Federal Government has announced it will be increasing its support, both domestically and internationally, for greater degrees of transparency in the mining and resources sector.
ACCC grants coal miners collective negotiation rights
The Australian Competition and Consumer Commission (ACCC) has granted a number of coal miners interim authorisation to collectively negotiate with Dudgeon Point Project Management Pty Ltd (DPPM) in Queensland for the export of coal through the Port of Hay Point.
Australian Mining Initiative launches
Prime Minister Julia Gillard has launched the Federal Government’s Mining for Development initiative aimed at assisting developing countries use their natural resources to improve their economies.
Alcoa to modernise Anglesea plant agreement
The Victorian Government has introduced legislation before State Parliament that will see modernise the Agreement for Alocoa’s Anglesea coal mine.
QR National signs haulage deal with Aquila
QR National signed a new 10-year coal-haulage contract with Aquila Resources that will see 1.6 million tonnes per annum of coal moved from the Washpool mine in Central Queensland to the new terminal at the Port of Gladstone.
Five-year mining boom underway: Report
A new report released by industry research specialist BIS Shrapnel has found that Australia’s mining sector is likely to continue to boom over the next five years.
Resources sector to lead engineering boom
Resource-related construction demand is tipped to significantly boost the engineering and commercial construction sectors over the next two years, according to findings published by the Australian Industry Group.
Mining company to pay $1.45 million for environmental damage
Centennial Coal has been ordered to pay $1.45 million after its mining operations on the Newnes Plateau inflicted significant damage to the temperate highland peat swamps on sandstone ecological community.
WA Government approves Oakajee railway corridor
The Western Australian Government has approved a 570 kilometre railway corridor that will connect the state’s Mid-West iron ore projects to the proposed deepwater port at Oakajee.
More funding for Illawarra resources rail link
The Federal Government has outlined an additional $25.5 million to advance the Maldon to Dombarton rail link in the Illawarra region in New South Wales.
Economic report praises resources sector
Deloitte has published its Asia Pacific Economic Outlook report, which found that Australia’s economic recovery is slower than anticipated.
Rio Tinto ups Guinea investment
Mining giant Rio Tinto has announced a further US$211 million for continued studies and US$1.1 billion of funding commitments for early works and procurement of long-lead items for its Simandou project in Guinea.
BHP Billiton posts healthy rises in first quarter
Mining giant BHP Billiton has posted healthy increases to its iron ore and petroleum production in the first quarter of the financial year, despite an overall fall in base metal output.
Abigroup secures Rio Tinto framework agreement
Construction and engineering specialist Abirgoup has secured a framwork agreement with Rio Tinto over the rail formation work in the Pilbara region./
Fortescue open to joint port venture with Aquila
After a bumper season that saw the company post a record quarterly export figure, iron ore mining giant Fortescue Metals Group’s CEO Neville Power has announced the company is open to the possibility of a joint construction venture to develop the Anketell Point port in the Pilbara region.
ARTC starts work on major coal rail upgrade
The Australian Rail Track Corporation (ARTC) has commenced work on a major rail upgrade between Singleton and Muswellbrook in the Hunter Valley.
Leighton Holdings awarded Iraqi project
Leighton Holdings has been awarded a US$518 million crude oil development project by Iraq’s South Oil Company.
Rio Tinto breaks iron ore records
Rio Tinto has announced the company set new quarterly records for iron ore sales and hard coking coal production.
BHP Billiton announces spending on Olympic Dam
BHP Billiton has announced a pre-commitment spending package of $1.2 billion for the first phase of the Olympic Dam Project to develop an open pit mine in northern South Australia.