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Miners Life

Jun 26, 2021
Study shows hidden twist to ‘fool’s gold’

Study shows hidden twist to ‘fool’s gold’

Curtin University research has found tiny amounts of gold can be trapped inside pyrite, commonly known as ‘fool’s gold’, which would make it much more valuable than its name suggests. Lead researcher Dr Denis Fougerouse from Curtin’s School of Earth and Planetary Sciences said this new type of “invisible” gold had not previously been recognised… ...

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Jun 25, 2021
Adani warning over bankers’ anti-coal agenda

Adani warning over bankers’ anti-coal agenda

Banks and insurance companies are destroying Australian jobs and communities to satisfy demands from green activists, Adani Australia head Lucas Dow told an inquiry on Friday (June 25). The company chief executive officer and country head was giving evidence before a Joint Standing Committee hearing regarding the prudential regulation of investment in Australia’s export industries…. ...

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Jun 25, 2021
Austin Engineering rushes in a new CEO

Austin Engineering rushes in a new CEO

The CEO and managing director of major Australian engineering company Austin Engineering has resigned forcing a reshuffle. The incoming interim CEO will be on a package worth more than the equivalent of $1 million/year. The Brisbane headquartered company advised the asx today that the move had been brought forward from 31 July 2021. Former Austin… ...

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Jun 25, 2021
Metro in equity raising to boost balance sheet

Metro in equity raising to boost balance sheet

Bauxite Hills mine operator Metro Mining is launching a $25.5 million equity raising after hitting a cash crunch. The company said today that the proceeds from the equity raising were intended to provide funding for working capital to strengthen Metro’s balance sheet, pending a final investment decision on a planned Stage 2 expansion at the… ...

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Jun 25, 2021
Climate change stance batters resource sector suppliers

Climate change stance batters resource sector suppliers

A growing number of small to medium-sized businesses that service the resources sector are having significant problems securing finance and insurance because of recent climate change-related policy changes by banks and insurers, according to the Queensland Resources Council.    QRC chief executive Ian Macfarlane said Queensland businesses which support the state’s $82.6 billion resources...

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Jun 25, 2021
Anglo American continues charity foundation support

Anglo American continues charity foundation support

Anglo American has announced it will continue to fund the Queensland Community Foundation’s $110 million charitable trust for the next three years. QCF chairwoman Margaret McMurdo said Anglo American was an important part of the foundation’s history and the naming rights sponsor of its Community Philanthropist of the Year awards. “Anglo American was a founding… ...

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Jun 25, 2021
New high for Queensland mining employment

New high for Queensland mining employment

The Queensland Resources Council (QRC) has welcomed new data showing direct mining jobs in the state have hit a record high of almost 85,000. QRC chief executive Ian Macfarlane said this figure blew the previous record for mining jobs – of 80,594, set in the booming November 2013 quarter – out of the water. It came… ...

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Jun 25, 2021
Contractor highlights insurance snub impact

Contractor highlights insurance snub impact

BMD Constructions chief executive officer Scott Power has told an inquiry how the stance of insurers is threatening key infrastructure projects and Australia’s choice in what developments should go ahead. BMD came up against a brick wall during its annual insurance renewal process last year when it came to gaining cover for its work on… ...

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Jun 25, 2021
Fresh focus for surveyors in AIMS competition

Fresh focus for surveyors in AIMS competition

Mine surveyors have proven they have a good eye for photography in a competition sparked by the need to add visual appeal to an industry website. Two Bowen Basin offerings took out the top prizes after the Australian Institute of Mine Surveyors (AIMS) launched a photo competition through the website www.minesurveyors.com.au “We desperately needed some… ...

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