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COAL

Environment Minister approves A$16.5bn Carmichael coal project

Federal Environment Minister Greg Hunt has approved the A$16.5-billion Carmichael coal mine and rail project, in Queensland. India’s Adani Mining would develop an opencut and underground mine, which is expected to produce about 60-million...
28th July 2014
 
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Springsure Creek underground thermal coal project, Australia Restricted

Bandanna Energy is facing one less impediment to the development of its Springsure Creek coal project, after a second objection to the project was withdrawn.
25th July 2014
 
GEMSTONES

Richland committed to returning Aus sapphire mine to production by Q1 2015

Africa-focused gemstone producer Richland Resources was fully committed to bringing the Nardoo Sapphire project, in Queensland, Australia, back into production during the first quarter of next year, Richland CEO Bernard Olivier said on Wednesday....
23rd July 2014
 
Company Announcement

Sandvik drill rig rebuild helps miner reduce operating costsp PDF Available

With the mining industry looking to reduce its costs across the board, while still maintaining productivity with equipment that remains reliable and continues to perform as required, rebuilding older machines to as-new condition is becoming an...
23rd July 2014
 
DIVERSIFIED MINERS

WA iron-ore and Qld coal shine in BHP’s 2014 financial year

Diversified miner BHP Billiton has exceeded its production guidance at its Western Australia iron-ore and Queensland coal divisions during the 2014 financial year. “Our focus on productivity has resulted in a significant improvement in...
23rd July 2014
 
COAL

Bandanna resolves some Springsure Creek objections

Coal developer Bandanna Energy was facing one less impediment to the development of its Springsure Creek coal project, in Queensland, after a second objection to the project was withdrawn. In April this year, the ASX-listed Bandanna announced...
22nd July 2014
 
EXPLORATION

Syndicated upgrades Barbara resource

ASX-listed explorer Syndicated Metals has reported an upgrade to the mineral resource at its Barbara copper project, in Queensland, with some 74% of the contained copper metal now classified as indicated. The junior company said on Friday that...
18th July 2014
 
CAPITAL RAISING

Red Metal raises cash for Queensland exploration

ASX-listed junior Red Metal was hoping to raise some A$5.1-million through a share placement to fund the step-out drilling at Maronan silver/lead project, in Queensland. The company announced that it had received firm confirmation for the...
17th July 2014
 
M&A

Caeneus sells Wee MacGregor to Cape Lambert subsidiary

Junior Caeneus Minerals has sold its Wee MacGregor copper project, in Queensland, to a subsidiary of fellow-listed Cape Lambert. Under the terms of the agreement with Mining International, Caeneus would divest of the Wee MacGregor project for...
17th July 2014
 
CARBON TAX

Mining industry cheers carbon tax abolishment

Tony Abbott Australian Prime Minister Tony Abbott on Thursday succeeded in his attempts to have the controversial carbon tax abolished. The Senate voted 39 to 32 in favour of killing the tax. It was introduced by previous Prime Minister Julia Gillard in 2012...
17th July 2014
 
Company Announcement

Boart Longyear to Be Major Sponsor of Australian Drilling Industry Association’s DRILL 2014 PDF Available

Boart Longyear www.BoartLongyear.com, the world’s leading provider of integrated drilling services, equipment and performance tooling, will be the major sponsor of the Australian Drilling Industry Association’s  DRILL 2014 conference on...
16th July 2014
 
COAL

Metallurgical coal prices likely at bottom, modest recovery expected – Moody’s

The metallurgical coal benchmark price remained at $120/t for the third quarter of the year, indicating that pricing was at or near a bottom; however, a modest recovery to $140/t was expected by the end of 2015, Moody’s Investor Service said on...
11th July 2014
 
 
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