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COAL

New Hope’s Qld expansion plans open to public scrutiny

The Queensland government has opened the expansion of New Hope Coal’s New Acland project to public scrutiny. The state government on Monday invited members of the public to have their say on the environmental impact of the proposed mine...
1st September 2014
 
OIL & GAS

Qld Minister pushes for deep oil and gas developments

The Queensland government has released a framework that outlines the opportunities to develop the state’s next generation of deep oil and gas projects. Natural Resources and Mines Minister Andrew Cripps said the development of deep oil and...
29th August 2014
 
ENERGY

Linc turns Carmichael royalty into cash to focus on core assets

Singapore listed Linc Energy has agreed to sell its royalty in the Carmichael coal mine to Indian developer Adani, for A$155-million, as part of a strategy to reduce debt and strengthen its balance sheet. Linc sold the Queensland-based Carmichael...
29th August 2014
 
Mining Services

New core orientation system to increase drilling productivity

INDUSTRY FIRST
The TruCore integrated core orientation system enables drillers to increase productivity 
US-based integrated drilling services, equipment and performance tooling provider Boart Longyear has added an industry-first integrated core orientation system – TruCore – to its product range. The system enables drillers in the mining...
29th August 2014
 
URANIUM

Paladin Energy narrows full-year loss despite lower prices

Australian uranium producer Paladin Energy on Thursday reported a 20% narrower net loss of $338.4-million, or $0.34 a share, for the financial year ended June 30, as sliding uranium prices impacted revenues. The Perth, Australia-based company...
28th August 2014
 
GOLD

Evolution swings to A$50m profit on higher output

Gold major Evolution Mining swung to a profit in the financial year ended June 30, on the back of a 9% increase in gold production and reduced capital expenditure. Evolution reported profit of A$50-million, compared with a net loss of...
28th August 2014
 
BAUXITE

Glencore wins Aurukun bauxite race - Qld govt

The Queensland government on Thursday tapped multi-national Glencore as the preferred developer for the Aurukun bauxite deposit in Western Cape York. In March this year, the state government deferred a development decision on the bauxite project...
28th August 2014
 
BAUXITE

MetroCoal funding to keep Bauxite Hills going

Bauxite developer Cape Alumina has secured A$250 000 debt financing from major shareholder MetroCoal to progress its Bauxite Hills project, in western Cape York, Queensland. The junior company reported on Wednesday that the loan would enable Cape...
27th August 2014
 
GOLD

Resolute’s revenue falls on lower output, prices

Lower gold prices and the decision to halt operations at Golden Pride, in Tanzania, have seen ASX-listed Resolute Mining’s 2014 revenue decline by 15% year-on-year to A$527-million, and its profit plunge by 60%. The company, which also owns...
26th August 2014
 
COAL

Cockatoo negotiates A$37m cash release for Baralaba

ASX-listed Cockatoo Coal has reached an agreement with two of its major shareholders and its principal bank to release A$37-million of restricted cash as part of its funding plans for the Baralaba expansion project, in Queensland. Cockatoo on...
26th August 2014
 
COAL

Qld approves Cockatoo rail facility

The Queensland Coordinator-General has approved the construction of a new rail load-out facility to support the A$131-million expansion of coal miner Cockatoo’s Baralaba project. The ASX-listed miner recently completed the first phase of the...
22nd August 2014
 
MINING & THE ENVIRONMENT

NSW groundwater monitoring framework welcomed

The Australian Petroleum Production and Exploration Association (Appea) has welcomed the New South Wales government’s announcement of a framework to map, monitor and protect the region’s groundwater resources. Natural Resources, Lands and...
20th August 2014
 
 
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