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Iron ore prices dropFriday 20th of January 2017 10:55:04 AM

Iron ore prices have dropped from a three year high on Wednesday leaving traders contemplating to pull down bids for physical cargoes in the spot market. The most-active iron ore on the Dalian Commodity Exchange closed down 0.8% at 637 yuan ($US93) a tonne, after peaking at 666 yuan in the prior ....


Gladstone aluminium smelter to cut jobsFriday 20th of January 2017 10:42:39 AM

Due to soaring Queensland power prices, Gladstone’s Boyne Island aluminium smelter is bound to cut jobs and off-hand $100 million worth of production. General manager of Boyne Smelters Joe Rea stated it was the second time in three years the facility had cut production due to “uncompetitive ....


June 30 deadline set by BHP to resolve billion dollar claimsFriday 20th of January 2017 10:24:11 AM

On Thursday miner BHP Billiton, its partner Vale SA and their jointly owned Samarco unit announced a June 30 deadline that they have set to settle billions of dollars in compensation claims stemming from an iron ore mine disaster in Brazil in 2015. The aim is to consolidate and settle separate ....


$743 million rehab bill for Hazelwood ownersFriday 20th of January 2017 10:06:50 AM

The bill has been sent to the owners of the Hazelwood power station for rehabilitation of the mine, demolition of the plant and restoration of the surrounding area. The total estimated cost that the French energy giant Engie face is an unprecedented $743 million. The figure was revealed in ....


Alcoa aluminium smelter to stay openFriday 20th of January 2017 09:45:47 AM

A significant contribution from the Victoria state Government has helped keep the Alcoa aluminium smelter open. It was announced on Friday by Premier Daniel Andrews that a four year deal will keep the smelter going because of the vital role it plays in the state’s economy. Energy provider ....


US dollar rises while gold fallingThursday 19th of January 2017 11:03:39 AM

Gold has come down in price on Wednesday from the previous day’s eight-week high as data is showing the biggest pick-up in US consumer prices in two and half years lifted the dollar and US Treasury yields. As the market awaited a speech by Federal Reserve chair Janet Yellen which will be ....


Price of Copper steadiesThursday 19th of January 2017 10:40:44 AM

After Copper’s biggest price fall in a month in the previous session when US President-elect Donald Trump caused unease in investors by saying the dollar was too strong, the price of copper has now steadied on Wednesday. Trump’s comments revived fears that he would pursue protectionist ....


Changing LNG export market could result in higher energy billsThursday 19th of January 2017 10:11:23 AM

New research shows that energy bills could be about to rise significantly over the next few years. Wholesale exporters of gas and domestic energy producers are coming together as part of Australia’s transition to become one of the biggest exporters of LNG. Higher costs for big multinational ....


Clive Palmer has plans for new open-cut mineThursday 19th of January 2017 09:51:52 AM

Despite Clive Palmer’s collapsed Queensland Nickel refinery that is still owing more than $300 million, Mr Palmer is now looking to build a new open-cut coal mine on his central Queensland cattle station. The Premier and sacked workers at Queensland Nickel are outraged about his next move ....


Outlook bright for WesfarmersWednesday 18th of January 2017 03:03:53 PM

Thanks to higher coal prices and improved output, Wesfarmers’ coal mining business is doing better than expected. The Perth conglomerate, which owns a string of retailers including core business Coles supermarkets, lifted its first-half earnings forecast for its coal mining business on ....


Asbestos riddled through Roe 8 site confirmed through testingWednesday 18th of January 2017 11:33:23 AM

It has been confirmed after testing that asbestos has been found on the Roe 8 site, with the toxic material rising in plumes of dust from clearing in the bushland in Coolbellup. The Barnett government is currently clearing bushland along the route for the contentious Roe highway extension, which ....


Tasmania's mining sector has positive outlookWednesday 18th of January 2017 11:23:45 AM

There is a positive outlook for Tasmania’s mining sector with commodity prices on the rise and major projects on the cards. John Miedecke, a environmental and engineering consultant said after a difficult period the outlook for the sector is turning around. Mr Miedecke said a surge in ....


Newcastle Port produces record coal exportsWednesday 18th of January 2017 11:04:34 AM

A trade record has been created for the Port of Newcastle with the resurgence in coal prices flowing down the Hunter. The port handled more than 167.7 million tonnes in 2016, an increase of about 3.8 million tonnes from 2015 with the trade value totalling $18.69 billion. Geoff Crowe who is ....


Union calling on large companies to offer more apprenticeships Tuesday 17th of January 2017 11:08:41 AM

It is believed by the Australian Manufacturing Workers’ Union state official, Jason Lund, that unless major employers like mining companies offer more programs to train new workers for permanent jobs, the region will see an influx of 457 visa holders to fill labour shortages in the ....


Tasmania's Henty mine pours its first bars of goldTuesday 17th of January 2017 10:40:52 AM

The first gold has been poured at the Henty Gold mine on Tasmania’s west coast since it has returned to production. The mine returned to production last year when it was bought by Diversified Minerals after being put on care and maintenance in 2015 which cost 150 jobs at the time. More ....


Deal between Alcoa and AGL to keep Portland plant operatingTuesday 17th of January 2017 10:07:53 AM

A generous new electricity supply deal with AGL has come through with Alcoa’s Portland aluminium smelter, ensuring the troubled plant is likely to stay open. Alcoa and AGL reached an agreement on the prices and terms covering the supply of electricity to the smelter, at a marathon 12 hour ....


WA uranium mine gets government approvalTuesday 17th of January 2017 09:35:51 AM

Canadian mining company Cameco’s Yeelirrie uranium project in the Western Australia’s mid-west has been approved by the West Australian government. Last August the Environmental Protection Authority recommended against the approval because it failed to meet one of its nine key factors, the ....


Petrol prices jump due to reduced production in crude oilTuesday 17th of January 2017 08:51:27 AM

Premium fuel prices have jumped to as high as 166.9 cents per litre in Mudgee due to a reduction in crude oil production. The cheapest price for unleaded in Mudgee according to the state government’s Fuel Check website was 136.9 cents. The jump in petrol prices has sent drivers scurrying to ....


Petition launched to shut down Calliope campMonday 16th of January 2017 11:38:26 AM

A petition was launched over the weekend, asking that the Calliope workers camp to be shut down. Jim Baron owner of CBS Property Group, claims the Homeground Villages Gladstone is robbing the region of $30 million a year. Last year the camp housed workers and contractors for ConocoPhillips ....


Coal mine development could be stalled due to lack of mining leaseMonday 16th of January 2017 11:23:23 AM

Plans to have the Styx Coal mine running by 2018 may be delayed which in turn would affect the vision of up to 500 jobs. It has been revealed following an investigation that the company only holds a Mineral Development Licence, which doesn’t allow them to build a mine or engage in any mining ....


Oil prices fallMonday 16th of January 2017 11:04:43 AM

On Friday last week oil prices fell which ended the week 3% lower on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the economic health of the world's second-largest oil consumer, China, after it reported the steepest falls in overall exports since ....


Confirmation of Adani FIFO hubMonday 16th of January 2017 10:42:15 AM

Premier Annastacia Palaszczuk met with Adani Chairman Gautam Adani late last year and secured a commitment that the workforce for its Carmichael coal project would be sourced from regional Queensland. They also committed to not utilising foreign workers on 457 visas. It has been confirmed ....


Protesters ramp things up at Roe 8 building siteFriday 13th of January 2017 10:44:53 AM

The fences guarding the Roe 8 building site were pushed down yesterday morning by protesters, forcing police to take action. A woman had also created a platform up in a tree and more people chained themselves to machinery. Clearing of bushland is due to continue to make way for the Roe 8 road, ....


Darling Downs company Ozcon goes bustFriday 13th of January 2017 10:29:25 AM

Dalby manufacturing company Ozcon Industries folded yesterday morning leaving nearly 100 workers without a job. The pipe and bore casing specialist, which has four sites in Dalby, Miles and Moomba, shut its doors due to financial problems. The State Government has involved itself to support ....


Possible reason for coal washing up on Mackay beachesFriday 13th of January 2017 10:17:35 AM

It has been claimed by a contractor that a large spill at Dalrymple Bay Coal Terminal a decade ago could be why kilograms of coal is washing up on Mackay beaches. The North Mackay man, aged in his 50s, alleges the spill happened at the shipping terminal south of Mackay around 2006, while he was ....


Workshops designed to teach women tradie skillsFriday 13th of January 2017 09:48:16 AM

In a bid to break the gender imbalance in the male dominated trades industry, workshops aimed at teaching young women how to use tools are being offered around the country. A national report that was recently conducted found that only 14.7% of women made up the technicians and trade ....


Recognition for top resources womenFriday 13th of January 2017 09:29:32 AM

Recognition of the women and men who are leading the charge for higher female participation in the resources sector have been awarded as finalist in the 2017 Queensland Resources Council/Woman in Mining and Resources Queensland Resources Awards for Women. “These awards, presented annually ....


Wage negotiation for BHP's Chile copper mineThursday 12th of January 2017 10:56:50 AM

A wage negotiation is in sight at the world’s top copper mine, BHP Billiton’s Escondida mine in Chile, as workers want their share. In a preliminary phase of the collective-bargaining process, management rejected demands by Union Number 1 for a 7% pay rise and a bonus of 25 million pesos ....


BHP Billiton meet with Donald Trump in New yorkThursday 12th of January 2017 10:24:37 AM

A meeting took place yesterday between BHP Billiton chairman Jac Nasser, chief executive Andrew Mackenzie and Donald Trump with vice President elect Mike Pence in New York. "They discussed a wide range of subject areas, including the global resources sector, and BHP Billiton's investment in the ....


Mackay airport offer terminal to AdaniThursday 12th of January 2017 09:54:16 AM

A terminal at Mackay Airport will soon be offered to Adani in a bid to secure FIFO operations from Mackay to the Carmichael coal project. While Mackay was named the maintenance hub for the project on December 6 last year, Adani also announced that only Rockhampton and Townsville had been ....


$1.40 benchmark expected as petrol prices go upWednesday 11th of January 2017 10:48:52 AM

Over the past few days petrol prices have gone up by as much as 20 cents a litre in some parts of the country, with $1.40 a litre seen as a new benchmark in January. The Australian Institute of Petroleum figures show the national average price of unleaded rose 2.2 cents over the week to Sunday, ....


Miners run hot in sharemarketWednesday 11th of January 2017 10:25:29 AM

Big overnight spikes in metals prices is pushing the sharemarket back towards the 19 month highs hit earlier in the week resulting in a strong rally in miners. 2.6 per cent is the threshold that would mark an end to the three-decade bond bull market and be a more important barometer for ....


Senator Matthew Canavan discusses mining and energy sectorTuesday 10th of January 2017 01:30:14 PM

Senator Matthew Canavan who is based in Rockhampton appeared on Steve Price’s 2GB radio breakfast program this morning discuss the mining and energy sector hitting a record $204 billion this year. "You get a lot of commentaries sometimes - particularly from people who live a long way from ....


Mining approvals plan by Baird government causes unease Tuesday 10th of January 2017 01:18:05 PM

The Baird government’s plans to overhaul the state’s mining approval process have drawn the wrath of anti-coal groups and wary support from the industry. The proposed amendments to the Environmental Planning and Assessment Act were unveiled by Planning Minister Rob Stokes on Monday, which ....


Resources exports expected to reach record $204 billionTuesday 10th of January 2017 11:14:25 AM

An increase by 30% of Australia’s resource and energy export earnings are expected to top a record $204 billion in 2016-17, while iron ore prices are expected to dramatically decline to $US46.70 a tonne in 2018, according to the Department of Industry, Innovation and Science. The department ....


Oil and gas treaty with Australia torn up by East TimorTuesday 10th of January 2017 10:35:11 AM

An oil and gas treaty with Australia will be torn up by East Timor as it has been the centre of espionage allegations, international arbitration and a bitter diplomatic dispute. The 2006 treaty relates to a temporary maritime border in the Timor Sea, and access to oil and gas deposits worth an ....


WA Government gives the green light to Toro Energy's Wiluna uranium mine in GoldfieldsTuesday 10th of January 2017 10:03:58 AM

Western Australia is a step closer to its first uranium mine after the state’s environment Minister Albert Jacob granted approval for a project at Wiluna in the northern Goldfields. Approval from the Federal Environment Minister Josh Frydenberg is still needed by the owners of the proposed ....


Bid to stop Roe 8 project rejected by Federal CourtTuesday 10th of January 2017 09:44:11 AM

A Federal Court bid to stop work on Perth’s controversial $450 million Roe 8 road project has failed. The Save Beeliar Wetlands group’s application for an injunction was rejected by Federal Court Justice Antony Siopis. The injunction was based on an argument that the government had failed to ....


A push for clean coal-fired power in Mackay regionMonday 9th of January 2017 11:42:45 AM

An announcement from Federal Member for Dawson George Christensen was made on Saturday via Facebook that he would push to see a coal fired power plant built in the Mackay, Whitsunday, Isaac region, by tapping into the government’s $5 billion Northern Australia Infrastructure Facility. The NAIF ....


Narrabri mine production guidance loweredMonday 9th of January 2017 11:18:07 AM

Production guidance has been lowered at Whitehaven Coal’s Narrabri mine in NSW by about 6% after encountering “adverse geotechnical conditions” at the site. Specific details have not been provided by the company but it has been said the revised guidance was a result of production impacts ....


Export price jump, outlook for AustraliaMonday 9th of January 2017 10:34:51 AM

For the first time in almost 3 years Australia’s trade balance has returned to surplus with the Bureau of Statistics figures showing a trade surplus of $1.24 billion for November. That is up from a $1.1 billion trade deficit in October and marks the first monthly surplus since March ....


Fifth largest diamond discovered in the Northern TerritoryFriday 6th of January 2017 10:36:16 AM

The company Merlin Diamonds has uncovered rough diamonds at the Merlin diamond mine in Northern Territory including a 35.26 carat brown diamond, which makes its the fifth largest diamond discovered in Australia. Other diamonds also discovered include a 14.6 carat brown diamond and a number ....


Emerson Automated Solutions Launched Roxar APIFriday 6th of January 2017 10:18:12 AM

Emerson Automation Solutions has launched the Roxar API (Application Programming Interface), its extensibility solution for reservoir modelling and, in particular, for its industry leading software Roxar RMS™. The Roxar API helps operators customise their workflows to achieve specific goals; ....


Mining Dialogue builds bridges with the Upper Hunter communityFriday 6th of January 2017 09:38:15 AM

The participants of the Upper Hunter Mining Dialogue are confident their co-operative approach has created dividends. The dialogue includes the following mining companies Ashton, BHP Billiton, Bloomfield Collieries, Coal & Allied, Muswellbrook Coal, Peabody Energy and Glencore together with ....


Iron ore is headed for a fall this yearThursday 5th of January 2017 01:56:06 PM

According to RBC Capital Markets, iron ore prices are primed for a downturn this year after surging in 2016. "We believe iron ore prices are not sustainable at current levels and expect a pullback in 2017," RBC analysts wrote in a report received on Wednesday. The firm placed first in predicting ....


Gladstone 'mega-project' titled the world's bestThursday 5th of January 2017 01:49:35 PM

Bechtel have now been recognised for their efforts in successfully completing one of the biggest projects in Queensland’s history on Curtis Island. Through the Curtis Island LNG program, Bechtel undertook an unprecedented project, which involved the simultaneous construction of three LNG ....


Allegations Government is delaying AdaniThursday 5th of January 2017 11:41:08 AM

It has been claimed by the State Opposition that the Palaszczuk Government’s declaration of Adani’s Carmichael coal mine as a "prescribed and critical infrastructure project". was just for publicity. Shadow Mines Minister Andrew Cripps said a Question on Notice from the LNP Opposition ....


New coal mine reveals plansThursday 5th of January 2017 11:25:42 AM

130 kilometres north-west of Rockhampton plans are underway to develop the Styx Coal project which will potentially look to the region for up to 500 workers. Fairway Coal and Styx Coal, wholly owned subsidiaries of Mineralogy Proprietary Limited, are behind the proposal. Managing director of ....


Vowed scrapping of Roe 8 project if WA Labor electedThursday 5th of January 2017 10:38:02 AM

If WA Labor wins the March election, they have vowed to scrap the controversial Roe 8 and Perth Freight Link projects. The Roe 8 contract that was recently signed would be renegotiated immediately upon Labor forming government, stated opposition leader Mark McGowan. This would free up $1.7 ....


Fancy a job in the Antarctic? Thursday 5th of January 2017 10:22:40 AM

The Australian Antarctic Division is currently on a recruitment drive to fill 100 jobs. Human resources manager Andrew Groom said the division was looking for electricians, plumbers, carpenters, chefs, and doctors for a new team of expeditioners for the 2017/2018 season. Good technical skills ....


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Iron Ore Prices Drop
Iron ore prices have dropped from a three year high on Wednesday leaving traders contemplating to pull down bids for physical cargoes in the spot market. The most-active iron ore on the Dalian ....

Gladstone Aluminium Smelter To Cut Jobs
Due to soaring Queensland power prices, Gladstone’s Boyne Island aluminium smelter is bound to cut jobs and off-hand $100 million worth of production. General manager of Boyne Smelters Joe Rea ....

June 30 Deadline Set By BHP To Resolve Billion Dollar Claims
On Thursday miner BHP Billiton, its partner Vale SA and their jointly owned Samarco unit announced a June 30 deadline that they have set to settle billions of dollars in compensation claims stemming ....

$743 Million Rehab Bill For Hazelwood Owners
The bill has been sent to the owners of the Hazelwood power station for rehabilitation of the mine, demolition of the plant and restoration of the surrounding area. The total estimated cost that ....

Alcoa Aluminium Smelter To Stay Open
A significant contribution from the Victoria state Government has helped keep the Alcoa aluminium smelter open. It was announced on Friday by Premier Daniel Andrews that a four year deal will keep ....

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