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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.