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Metallurgical coal

Jul 01, 2021
Bouquet of praise for NAIF loan to develop coking coal mine

Bouquet of praise for NAIF loan to develop coking coal mine

Peak industry bodies are praising the Federal Government’s investment into a new Bowen Basin coking coal mine. The Commonwealth’s Northern Australia Infrastructure Facility (NAIF) has announced it would loan $175 million to Pembroke Resources’ Olive Downs Mine, located 40 kms south east of Moranbah. Pembroke Resources is a step closer to delivering this nationally significant… This co...

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Jul 01, 2021
Glencore pays out in Queensland

Glencore pays out in Queensland

Glencore is reporting it paid Australian governments $1.9B in the 2020 period. The figure is released in the 2020 ‘Payments to Governments’ report. The diversified minerals company paid $179.318m in taxes on income, $500.083m royalties, $28.890m in fees. Related: Anglo’s annual Australian payout more than $4000 million The Australian Tax  Office was paid more than $182m… This cont...

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Jul 01, 2021
Loan facilitates the creation of hundreds of jobs

Loan facilitates the creation of hundreds of jobs

More than 500 new mining jobs are closer to fruition following the announcement of a loan to Olive Downs owners Pembroke. Olive Downs is a metallurgical coal lease located 40 kms southeast of Moranbah. The Federal Government has approved a loan of $175 million to support the mine’s first stage of development which includes rail, and… This content is for iQ Industry Queensland, iQ Coal,...

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Jul 01, 2021
Anglo’s annual Australian payout more than $4000 million

Anglo’s annual Australian payout more than $4000 million

Anglo American has put a figure of its total tax and economic contribution in Australia at more than S4,084 million. It’s contained in a recently released report detailing the company’s tax contribution around the world. In Australia, more than $2,344.4 million was spent on ‘total procurement’ and $693.5 million paid in total taxes including $96.5… This content is for iQ Industry Quee...

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Jul 01, 2021
Olive Downs gets NAIF boost

Olive Downs gets NAIF boost

Pembroke Resources has welcomed the investment decision by the Board of the Northern Australia Infrastructure Facility (NAIF) to provide a loan facility of up to $175 million with a tenor of ten years to finance the development of the Olive Downs Steelmaking Coal Complex (Olive Downs) in the Bowen Basin.  Pembroke is committed to constructing… This content is for iQ Industry Queensland, iQ ...

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Jun 28, 2021
Exports bounce counted in the billions

Exports bounce counted in the billions

The Office of the Chief Economist says Australia is set to record its best year of resources exports. That’s contained in the latest Resources and Energy Quarterly (REQ) which both reviews market movements and forecasts Australia’s exports. It says the fortunes of Australian resources exports are tied to a rebounding world economy and are likely to hit… This content is for iQ Industry Queen...

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Jun 22, 2021
Blue Energy in hydrogen deal to fuel mine fleet

Blue Energy in hydrogen deal to fuel mine fleet

Stanmore’s Isaac Plains mining fleet at Moranbah may be running on hydrogen in future through a deal with gas proponent Blue Energy. Blue Energy has executed a non-binding Memorandum of Understanding (MOU) with Stanmore Resources to supply hydrogen from future pilot production activities in its ATP 814 tenement in the Bowen Basin. It follows an… This content is for iQ Industry Queensland, i...

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Jun 21, 2021
Union acts on job security at Grosvenor

Union acts on job security at Grosvenor

The CFMEU has filed an application with the Fair Work Commission challenging ‘maximum term’ employment contracts for labour hire workers at Central Queensland’s Grosvenor coal mine. The union said the contracts provided for a 12-month extension but also stated the One Key workers may be sacked any time or have their contracts extended. CFMEU Mining and… This content is for iQ Industry...

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Jun 16, 2021
Hillalong South delivers for Bowen Coking Coal

Hillalong South delivers for Bowen Coking Coal

Bowen Coking Coal has hailed significant early results from an exploration program underway at its Hillalong South project, raising the prospects of a new high-quality coking coal mine. It follows a successful Phase 1 exploration program which resulted in a maiden JORC Resource of 43 million tonnes at Hillalong North, near Glenden in Central Queensland. Bowen… This content is for iQ Industr...

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