Archived News for Industry Professionals
Deloitte has published its Asia Pacific Economic Outlook report, which found that Australia’s economic recovery is slower than anticipated.
The report finds that slowed economic recovery is likely to push the anticipated GDP growth in 2011 down to 3.25 per cent.
However, the report also concludes that the cooling off of growth is likely to push the economic benefits of the country’s reconstruction efforts into the next year.
Rio Tinto ups Guinea investment
Mining giant Rio Tinto has announced a further US$211 million for continued studies and US$1.1 billion of funding commitments for early works and procurement of long-lead items for its Simandou project in Guinea.
BHP Billiton posts healthy rises in first quarter
Mining giant BHP Billiton has posted healthy increases to its iron ore and petroleum production in the first quarter of the financial year, despite an overall fall in base metal output.
Abigroup secures Rio Tinto framework agreement
Construction and engineering specialist Abirgoup has secured a framwork agreement with Rio Tinto over the rail formation work in the Pilbara region./
Fortescue open to joint port venture with Aquila
After a bumper season that saw the company post a record quarterly export figure, iron ore mining giant Fortescue Metals Group’s CEO Neville Power has announced the company is open to the possibility of a joint construction venture to develop the Anketell Point port in the Pilbara region.
ARTC starts work on major coal rail upgrade
The Australian Rail Track Corporation (ARTC) has commenced work on a major rail upgrade between Singleton and Muswellbrook in the Hunter Valley.
Leighton Holdings awarded Iraqi project
Leighton Holdings has been awarded a US$518 million crude oil development project by Iraq’s South Oil Company.
Rio Tinto breaks iron ore records
Rio Tinto has announced the company set new quarterly records for iron ore sales and hard coking coal production.
BHP Billiton announces spending on Olympic Dam
BHP Billiton has announced a pre-commitment spending package of $1.2 billion for the first phase of the Olympic Dam Project to develop an open pit mine in northern South Australia.
Kitan oil production facility starts
Construction of the Kitan oil field, 550 kilometres north of Darwin in the Timor Sea, has started.
Hays finds growing demand for resources professionals
Recruitment specialist Hays has published its report on employment trends for the October quarter, finding increasing demand for professionals with any experience in the mining and resources sector.
Federal Government outlines transport reform agenda
The Federal Government has announced a three point reform agenda for the country’s ports, freight and shipping industries.
Commodities keep Australia in an 'enviable position'
The International Monetary Fund has praised Australia’s economic position, saying that the country is well positioned to continue to reap the benefits from the ongoing commodity boom, a sound financial policy framework and a stable financial services sector.
Olympic Dam expansion receives environmental approval
The Federal and South Australian Governments have approved the Environmental Impact Statement for the $30 billion expansion of BHP Billiton’s Olympic Dam mine in South Australia.
Xstrata dumps CopperString transmission in favour of Diamantina Power Station
Plans for the CopperString 1,000 km transmission line from Townsville to Cloncurry in north-west Queensland have been thrown into doubt by an announcement by Xstrata that it will obtain its power from the new gas-fired Diamantina Power Station under a 17-year contract with the Diamantina consortium.
ASX to review resource and reserve disclosure rules
The Australian Stock Exchange is calling for comments from stakeholders on a consultation paper it has released on the Listing Rule reporting requirements that apply to mining, and oil and gas companies.
GHD awarded pipeline route tender
GHD Pty Ltd has been announced as the successful proponent to determine route alignment options for the Bunbury to Albany Gas Pipeline corridor.
X-ray device to assist in mineral detection
CSIRO has announced the development of a x-ray imaging detector that will use a new method of characterising mineral ores.
New Hope commences bidding process
Queensland coal mining company, New Hope Corporation, has put itself up for auction and has received a number of preliminary proposals.
Resources drive record Asian exports
Australian exporters have recorded a trade surplus of $3.1 billion in August – the second highest on record – as well as experiencing the highest exports to Asia on record.
Resources jobs to surge in the next five years
BHP Billiton has predicted Australia's resources industry will need an extra 170,000 workers in the next five years, a figure 60 per cent higher than a previous government forecast used to develop policies for meeting skills demand.