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COAL

Australia rail group Aurizon warns ruling could hit coal investment

Australian rail haulage group Aurizon on Tuesday warned a smaller-than-expected government cap on revenue of A$4.02-billion ($3.50-billion) it can generate from its key Queensland state operations could hurt future investment in the sector. The...
30th September 2014
 
COAL

Sumitomo, Vale to shut Isaac Plains coal mine due to low prices

Japan's Sumitomo Corp said on Monday it and partner Vale SA will shut down their Isaac Plains coal mine in Queensland, Australia by the end of January next year because of the slump in coal prices. The Isaac Plains mine, located in the coal-rich...
29th September 2014
 
EXPLORATION

Minotaur launches SPP

ASX-listed explorer Minotaur on Friday launched a share purchase plan (SPP) in the hopes of raising some A$5-million to fund its copper/gold exploration work in Queensland, and its nickel/gold exploration in Western Australia. Shares under the...
26th September 2014
 
CORPORATE ACTIVITY

Sino Construction seeks full takeover of Guildford Coal

Singapore-listed Sino Construction on Thursday announced its plans to make an off-market takeover offer for ASX-listed Guildford Coal. In August this year, the two companies reached a $25-million sales agreement under which Sino Construction...
25th September 2014
 
COAL

Guildford warns of impairment on Aus assets

Coal developer Guildford Coal on Tuesday warned of a possible noncash impairment charge of between A$40-million and A$50-million on the carrying value of its noncurrent Australian assets. The ASX-listed junior said that it had conducted a...
23rd September 2014
 
COAL

Union slams BHP as it announces 700 job cuts at Mitsubishi JV mines

Diversified major BHP Billiton on Tuesday announced that it would cut about 700 staff across its Queensland metallurgical coal assets over the coming weeks. BHP operates seven Bowen basin mines in central Queensland in joint venture with Japanese...
23rd September 2014
 
TUNGSTEN

Vital’s tungsten project to cost A$172m, DFS shows

A definitive feasibility study (DFS) into the Watershed tungsten project, in Queensland, has placed a A$172-million price tag on the project’s development, owner Vital Metals reported on Wednesday. The DFS concluded that the project could...
17th September 2014
 
M&A

Cape Alumina backs MetroCoal offer

The directors of takeover target Cape Alumina have backed a takeover offer by fellow-listed MetroCoal, advising shareholders to accept the offer. In August this year, MetroCoal launched an off-market takeover offer for the remaining 43% in Cape...
15th September 2014
 
URANIUM

NSW opens for uranium exploration

The New South Wales government has short-listed six companies that would be allowed to apply for uranium exploration licences. The companies included ASX-listed Iluka, Marmota Energy, EJ Resources, Hartz Rare Earths and Australian Zirconia, as...
11th September 2014
 
GAS

Clough AMEC JV awarded A$70m Bowen FEED contract

Australia-based oil and gas-focused engineering and construction company Clough, a subsidiary of Murray & Roberts, on Monday announced that the Clough AMEC joint venture had been awarded the front-end engineering design (FEED) contract for coal...
8th September 2014
 
INFRASTRUCTURE

Queensland proposes to dispose Abbot Point dredge spoil on land

The Queensland state government on Monday revealed plans for a long-term port development strategy using dredge material produced at Abbot Point. “The strategy approved by state Cabinet today will create a win-win situation – it will protect...
8th September 2014
 
Mine Profile

Cracow mine

A gold mine, located 500 km north-west of Brisbane, in Queensland, Australia.
5th September 2014
 
 
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