Mining & Resources
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
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 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
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.
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
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 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