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Industry News

Jun 09, 2021
New owners take control of Paradise

New owners take control of Paradise

Phosphate International has completed acquisition of the Paradise phosphate project near Mount Isa, with plans for a mining operation creating more than 200 jobs. Following on from a 12-month process of due diligence and the production of revised feasibility studies, Phosphate International chairman John Cotter said he was very confident the project was viable. “We… ...

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Jun 09, 2021
New engineering head targets mine sector

New engineering head targets mine sector

Newly appointed Board of Professional Engineers of Queensland (BPEQ) chair Andrew Seccombe has his sights set on engaging more engineers in the mining and resources industry. A registered geotechnical engineer with a strong background in the resources sector, Mr Seccombe succeeds long-standing chair Dawson Wilkie in the BPEQ leadership. Mr Seccombe is also elected chairperson… ...

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Jun 09, 2021
High-grade hits as EQ Resources advances  mine plan

High-grade hits as EQ Resources advances mine plan

EQ Resources has released the first results from an upgraded 17-hole resource drilling campaign at its Mount Carbine tungsten mine in Far North Queensland. The company said assays from first three drill holes confirmed shallow high-grade zones immediately below the Andy White open pit at the site. High-grade intercepts in the shallow Iolanthe and Bluff… ...

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Jun 09, 2021
New Century continues Silver King push as  results shine

New Century continues Silver King push as results shine

New Century Resources is extending its drilling program at Silver King after high-grade results including ‘exceptional’ silver assays of up to 1005g/t. The company is weighing up the near-term development of Silver King and the East Fault Block into mining operations within its Century project in North-West Queensland, and is targeting a final investment decision… ...

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Jun 09, 2021
Power project key to unlocking $742b resource wealth

Power project key to unlocking $742b resource wealth

A $742 billion minerals treasure chest in Queensland’s North West Minerals Province will not be unlocked without access to more affordable and reliable electricity, according to energy infrastructure company CuString. Speaking ahead of the Mining and Resources Industry Forum (MRIF) in Townsville today, CuString executive chairman John O’Brien said he was calling on Queensland and… ...

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Jun 08, 2021
Broadmeadow East delivers on quality

Broadmeadow East delivers on quality

An exploration drilling program has firmed up the high-quality credentials of the Broadmeadow East coking coal project near Moranbah. Bowen Coking Coal director and coal marketing specialist Matt Latimore said the coal quality results were very positive for the Broadmeadow East project and supported the ongoing work towards development of the mine. Preliminary laboratory data… ...

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Jun 08, 2021
Copper miner 29Metals launches $528m IPO

Copper miner 29Metals launches $528m IPO

Capricorn Copper owner 29Metals has lodged a prospectus for a $527.8 million initial public offering, as it reveals plans to boost production across its copper assets by more than 50 per cent over five years. The company lists copper-focused assets including the producing Golden Grove mine in Western Australia, the producing Capricorn Copper mine in… ...

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Jun 08, 2021
Global players back NQ’s TECH project

Global players back NQ’s TECH project

Battery maker LG Energy Solution and Korean steel producer POSCO are backing Townsville’s TECH project to the tune of more than $19 million ($US15 million). They have entered into a binding agreement for equity investment in TECH proponent Queensland Pacific Metals, as well as binding offtake agreements for 10,000 tonnes contained nickel and 1000 tonnes… ...

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Jun 08, 2021
Welcome uplift for coal sector

Welcome uplift for coal sector

METS businesses in the Mackay region are looking ahead to the new financial year with optimism as coal prices lift, according to Resource Industry Network general manager Dean Kirkwood. Recent weeks have also seen a raft of announcements on company plans to restart mothballed coal operations or open greenfield sites, including plans for the Crinum… ...

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