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Industry News

Jun 15, 2021
Budget brings $42m resources and land investment

Budget brings $42m resources and land investment

More than $42 million will be invested into Queensland’s resources sector and land programs as part of the 2021-22 State Budget, the government says. Resources Minister Scott Stewart said the latest budget would allow Queensland to continue its resources led recovery through exploration grants, initiatives and mine rehabilitation programs. It will invest $15.5 million to address… ...

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Jun 15, 2021
Zinc deal boost for base metals and New Century Resources

Zinc deal boost for base metals and New Century Resources

Macquarie Bank has shown confidence in continued higher base metals prices after offering Gulf of Carpentaria miner New Century Resources a major hedge price position over three years. It includes fixed price, Australian dollar swaps for a total of 90,000t of payable zinc metal, spread in equal monthly volumes of 2,500t over three years from… ...

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Jun 15, 2021
Disappointing results from Gypsy Creek copper chase

Disappointing results from Gypsy Creek copper chase

There’ve been disappointing results from a drill campaign at the Gypsy Creek project 55km northeast of Ernest Henry Mine near Cloncurry. Red Fox Resources carried out a three hole drilling program in April and May that was funded by a Queensland Government CEI grant.  Related: Exploration grant deadline looms The company also drilled an additional… ...

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Jun 14, 2021
Resources head honoured for services to business

Resources head honoured for services to business

Longstanding Australian Resources and Energy Group – AMMA president Richard Owen has been awarded a Medal of the Order of Australia (OAM) in this year’s Queen’s Birthday Honours List for his services to business.Mr Owen had worked at ExxonMobil for more than 37 years before his retirement last year. During his career he held senior… ...

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Jun 14, 2021
Crucial coal mine safety report released

Crucial coal mine safety report released

The courage of five injured men and selfless actions of those who came to their aid have been praised in the final part of a report focused on the Grosvenor coal mine explosion in May last year. The Queensland Coal Mining Board of Inquiry provided Part II of its report to Resources Minister Scott Stewart… ...

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Jun 12, 2021
Cracow mine owner adds $50m to coffers

Cracow mine owner adds $50m to coffers

Cracow mine operator Aeris Resources has completed a share placement to raise $50.4 million. The funds will be used to accelerate exploration programs at the Cracow gold mine in Queensland and its Tritton copper operation in New South Wales, as well as providing general working capital and covering transaction costs of the equity raise. “This… ...

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Jun 12, 2021
Rosy outlook for Top 40 miners

Rosy outlook for Top 40 miners

BHP and Rio Tinto have retained their positions as first and second on the list of the Top 40 global mining companies in the Pricewaterhouse Coopers’ (PwC) Mine 2021 report. The report has described 2020 as a a banner year for the mining sector, and forecasts even better days ahead. Other Australian mining companies named… ...

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Jun 12, 2021
Great Northern keen to keep drilling at Camel Creek

Great Northern keen to keep drilling at Camel Creek

Great Northern Minerals is gearing up for further drilling at Camel Creek from July after receiving the final 4m composite results from a recent reverse circulation (RC) program. The recent program at the North Queensland gold project comprised a total of 49 holes for 5996m of drilling and produced some of the best results to… ...

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Jun 12, 2021
Diatreme advances silica export plans

Diatreme advances silica export plans

Diatreme Resources has lodged a Mining Lease Application (Infrastructure) to cover the proposed export facilities for its Galalar silica project. It takes in the Nob Point Barge Ramp (NPBR), Hopevale Community boat ramp and a temporary stockpile area at the Cape York project. The company said the Nob Point barging option was preferable to the… ...

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