Mining & Resources
Queensland’s resources exports have grown exponentially over the last twelve months according to the latest quarterly figures from the state’s Treasury. Queensland Resources Council (QRC) Chief Executive Ian McFarlane said the sector has been a major contributor to the state’s economy. “Despite the predictions of green activists, the
Santos and its GLNG partners will invest $900 million in gas developments in Maranoa, Western Downs, Central Highlands and Banana this year. Mines Minister Anthony Lynham said the investment will generate about 400 Queensland construction jobs and boost the
Norway’s Norsk Hydro has made a $345 million binding offer to acquire Rio Tinto’s ISAL smelter in Iceland, as well as the company’s stakes in the Dutch anode facility Aluchemie and the Swedish aluminium fluoride plant Alufluor. Norsk Hydro
Rio Tinto has announced that it is moving to secure “the best solution” for a domestic power supply for the Oyu Tolgoi operation in Mongolia after the Mongolian Government cancelled the Southern Region Power Sector Cooperation Agreement (PSCA).
Australian zinc producer New Century Resources and leading independent oil and gas producer Santos have inked a new deal that will generate 240 jobs and further bolster the Mount Isa’s resources industry. Under the agreement, Santos will supply around 9
BHP Billiton announced that its investments in the Olympic Dam project – one of the world’s most significant deposits of copper, uranium, gold and silver – have reached the $350 million mark. The upgrade, which began in mid-2017 and ran for over 100
In yet another milestone, Rio Tinto has announced that its fleet of autonomous haul trucks last week moved their one-billionth tonne of both ore and waste material across five sites in the Pilbara. Last year, Rio Tinto’s haul trucks fitted with