Archived News for Industry Professionals
The NSW Government has released a scoping paper seeking input from the public and key stakeholder groups to guide the preparation of a NSW Coal and Gas Strategy.
NSW Planning Minister and Taskforce Chairman Tony Tony Kelly said the paper provided an overview and invited comment on the main issues facing each of the main coal mining regions in NSW – Hunter, Gunnedah, and the Western and Southern coalfields.
The NSW Government expects that coal will continue to provide just under 40 per cent of global energy demand, and coal seam gas methane is expected to be an increasingly important part of that, with 30 per cent of the world‟s energy to come from gas by 2030.
Bureau of Resources and Energy Economics to be established
The Department of Resources, Energy and Tourism (DRET) has announce the decision to create a new professionally independent unit, to be known as the Bureau of Resources and Energy Economics (BREE).
Rio Tinto Gove leases renewed
The Northern Territory Government has renewed leases held by Rio Tinto Alcan on the Gove Peninsula, extending most leases for a further 42 years..
Ferguson supports uranium exports to India
The Labor Party needs to modernise its policy and allow uranium to be exported to India, federal Resources Minister Martin Ferguson says.
WA plea for boom-time jobs
Western Australian Premier Colin Barnett has held a meeting with the leaders of the state’s resources industry to try to convince them to award more work to local manufacturers and contractors.
SA funds mining industry training
The South Australian Government is providing $3.6 million over the next four years to boost training in the State’s mining industry.
Noetic releases report into PPTEP oil spill incident
The Australian government has put Thai company PTTEP Australasia on notice for 18 months, but allowed to keep its offshore oil and gas exploration and production licences in Australia following receipt of an independent review of the company’s action plan following the Montara oil spill incident in the Timor Sea in 2009.
Rio Tinto approves extension of Marandoo iron ore mine
Rio Tinto has approved a $919 million investment to extend the life of the Marandoo iron ore mine by 16 years to 2030.
Analysis shows extent of flood-related coal loss
The first industry-wide analysis of lost coal production resulting from severe flooding in Queensland has reinforced the gravity of the disaster on the economy.
Airborne survey produces world first
Newly acquired data from an Airborne Electromagnetic (AEM) survey has revealed geological features to depths below the Earth’s surface well beyond any previously recorded by airborne systems.
Cougar Energy puzzled by UCG site closure
Cougar Energy says it cannot understand why the Queensland Government shut down its underground coal gasification (UCG) site on environmental grounds when breaches have occurred at coal seam gas projects.
Kanmantoo copper mine to open later this year
Construction is on track for the Kanmantoo copper mine in the Adelaide Hills to reopen later in the year.
Mining by-products effective in fight against algal blooms
CSIRO research has shown that some mining by-products can be effective in preventing nutrients from entering river systems, thereby reducing the potential for algal blooms.
Review of offshore oil and gas facilities announced
The Federal Government has commissioned the first ever comprehensive review into the security of the nation’s offshore oil and gas facilities.
Skills shortage hits resources sector
THE skills shortage is hitting Australia’s mining states hard with close to half of all businesses in Western Australia and Queensland directly affected, according to new data.
Queensland coal industry moves forward after floods
Despite the prospect of an estimated $2.3 billion worth of lost sales from wet season events beginning early December 2010, Queensland’s export coal industry is moving with determination to restore the state’s leading income earner.
Reporting to the state government’s economic recovery coordination taskforce, Queensland Resources Council Chief Executive Michael Roche said that many of the state’s 57 producing coal mines were working around the clock on removing floodwater from mine sites and securing access to rail transport.
‘QRC estimates that about 15 per cent of the state’s coal mines are in full production, with 60 per cent operating under restrictions and a further 25 per cent yet to resume normal operations.
‘At full production, the coal industry is worth $8.5 million a day to Queensland taxpayers through royalties paid to the state government.
‘It’s essential that the industry is given every opportunity to get back on its feet to restore that flow of much-needed funds to the state government after such a horrendous start to the wet season.
‘Until December 2010, the coal industry was on target to deliver the production volumes underpinning Queensland Treasury’s forecast of $2.8 billion in royalties to Queensland taxpayers this financial year.’
Mr Roche praised the efforts of both the state government and coal rail network owner QR National in supporting the coal industry’s recovery.
‘QR National has restored the Moura line to Gladstone and we are hoping for similar good news for the Blackwater system later this week.
‘However, it is also clear that the restoration of rail services to mines west of Brisbane and in the Surat Basin are going to take much longer.’
Mr Roche said that to take full advantage of the prospective return of rail services, coal mines and some coal seam gas sites need further dispensation from the Department of Environment and Resource Management (DERM) to pump flood water into nearby creeks that feed strongly flowing watercourses.
NSW report of management of dust from coal mines released
The Department of Environment, Climate Change and Water (DECCW), Department of Planning (DoP) and Industry & Investment NSW (I&I NSW) have completed joint NSW government agency environmental compliance and performance audits focused on the management of dust from coal mines to help improve environmental performance.
Regent Pacific formalises bid for BC Iron
Hong Kong-based mining investor Regent Pacific Group has formalised a $345 million bid for junior iron ore miner BC Iron.