Mining & Resources
Category Archive

BHP offloads onshore US oil and gas assets for US$10.8bn

August 8, 2018 • Mining & ResourcesComments (0)

BHP has agreed to sell its onshore US oil and gas assets for a combined fee of US$10.8 billion. The all-cash transactions will see BHP sell the Eagle Ford, Haynesville, Permian and Fayetteville fields, subject to the satisfaction of customary regulatory approvals and conditions precedent. Comprising 526,000 net acres, Eagle Ford, Haynesville and Permian

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Rio Tinto completes divestment of Qld coal assets

August 7, 2018 • Mining & ResourcesComments (0)

Rio Tinto has wrapped up the sale of remaining coal assets in Queensland, just four months after agreeing to sell its 80% interest in the Kestrel underground coal mine in the coal rich Bowen Basin for $2.25 billion. Totaling $3.95 billion, the deals include

Rio Tinto announces initial investment for its first intelligent mine in Australia 

August 6, 2018 • Mining & ResourcesComments (0)

Rio Tinto has announced a multimillion-dollar investment to kick-start initial work at what will become the company’s first intelligent mine in the Pilbara. The giant miner will invest $146 million in the Koodaideri iron ore project in Western

North Goonyella mine life extension secures 230 local jobs

July 27, 2018 • Mining & ResourcesComments (0)

Coal miner Peabody Energy will extend mining operations at its North Goonyella mine until 2026. The company will use advanced longwall technology to extend the life of the mine for a further 7 years, providing job security for more than 230 mine employees.

First sod turned on BHP’s multi-billion South Flank Project

July 27, 2018 • Mining & ResourcesComments (0)

The sod has officially been turned on BHP’s $4.88 billion South Flank Project in the Pilbara. The ground breaking ceremony, which was attended by WA Premier Mark McGowan, marked the start of construction on what will become the single largest annual

QRC encourages workers to apply for ‘well-paid’ resource jobs

July 18, 2018 • Mining & ResourcesComments (0)

The Queensland Resources Council (QRC) has reported a significant shortage of workers in the State’s resources sector, from Townsville and Mt Isa in the North, to Toowoomba and Roma in the South and in Brisbane, the nation’s biggest mining town.

Rio Tinto agrees to sell its interest in Grasberg

July 17, 2018 • Mining & ResourcesComments (0)

Rio Tinto has signed a non-binding agreement with PT Indonesia Asahan Aluminium (Persero) (Inalum), and Freeport McMoran Inc. (FCX) in relation to the future ownership of the Grasberg mine in Indonesia, one of the world’s largest copper and gold mines in