Archived News for Industry Professionals
The Western Australian Government has outlined a further $6 million in round 4 of the Exploration Drilling Program.
State Mines and Petroleum Minister Norman Moore said the final round of 2011 funding has been awarded to 52 applicaants.
“Gold was the most predominant resource featured, with 27 projects listing it as the main target or as one of other commodities sought,” Mr Moore said.
Ichthys SPA signed
INPEX Corporation has announced a Sales Purchase Agreement that will see an estimated 70 per cent of all LNG produced at the $20 billion Ichthys Project delivered to Japan.
$1 billion NSW rail corridor confirmed
The Federal and NSW governments have co-signed an intergovernmental agreement that will see the construction of a $1.1 billion freight corridor, aimed at removing 200,000 trucks a year off the state’s roads.
WA conditionally approves Aquilla's Pilbara project
The Western Australian Government has followed the Federal Government in granting conditional approval for Aquilla's iron ore project in the West Pilbara, in which the company holds a 50 per cent interest in a joint venture with American Metals and coal International.
NuCoal backs down from exploration
Coal mining company NuCoal has announced it will cancel its planned exploration activities in the face of mounting opposition from New South Wales Government and a local landowner.
ALP lifts uranium ban
The Australian Labor Party has voted to change its platform on exporting uranium to India following an impassioned debate at the party’s national conference.
Rio Tinto and Government agree to native title partnership
The Federal Government and mining giant Rio Tinto have announced the partnership to ensure a native title agreement in the Pilbara that will serve to ensure benefits for the local Indigenous population.
Resources and energy exports show healthy increase
The Bureau of Resources and Energy Economics’ (BREE) September quarterly report shows a 4 per cent increase in the value of Australia’s resources and energy exports. The increase brings the quarterly export value to a record $48.8 billion.
SA investment team to tempt foreign investment
The South Australian Government has formed a team of commercial and investment experts aimed at attracting investment to South Australia and help maximise the economic benefits flowing from major infrastructure projects.
Major WA gas deals signed
Chevron Australia has announced the signing of two major gas contracts in Western Australia.
SA passes Olympic Dam bill
BHP Billiton will be free to commence its Olympic Dam expansion after the South Australian Government passed legislation in support of the plan.
Mining investment soars 34 per cent
New data released by the Bureau of Resources and Energy Economics (BREE) shows that investment in Australia’s mining industry has soared 34 per cent in the April to October 2011 period, topping $231.8 billion.
Government forms Resources Sector Advisory Forum
The Federal Government has announced the formation of the Resources Sector Supplier Advisory Forum as part of the $34.4 million Buy Australian at Home and Abroad program.
LNG royalties to advance education
The Queensland Government is planning to implement nest egg legislation that will see Queensland children born after July 1, 2012 earn a trust fund valued between $7800 and $9500 by the time they turn 18.
PWCS wins operator of the year
Port Waratah Coal Services (PWCS) has been announced as Australia’s best port and terminal operator at the 2011 Lloyds Australian Shipping and Maritime Industry Awards.
Rio Tinto expresses confidence despite European slowdown
Rio Tinto has expressed its confidence in its continual growth despite the ongoing market turmoil in Europe, with the mining giant operating at full production and export capacity.
BHP Billiton announces senior executive changes
BHP Billiton has announced changes to its senior executive team, with Alex Vanselow, Group Executive and Chief Financial Officer, retiring from his position as of the end of February, 2012.
Middlemount spur opens to first train
The Middlemount Rail Spur, which directly links the Middlemount Coal Project to the Goonyella rail network, has officially commenced operations allowing exports through Dalrymple Bay Coal Terminal (DBCT).
Watpac grows record portfolio
Construction, civil and mining contracting specialist Watpac has announced a record $2.3 billion portfolio as the company moves to expand further its mining services and construction projects around the country.
Mining tax passes lower house
The Federal Government’s Minerals Resources Rent Tax (MRRT) has passed the lower house in a late-night deal struck between the government and the Federal Greens.
Nine new petroleum offshore permits awarded
The Federal Government has awarded nine new offshore permits in the second round of the 2010 Offshore Petroleum Exploration Acreage Release to enable petroleum exploration investment worth $380 million in waters off Western Australia.