Archived News for Industry Professionals
Global gas and oil giant Royal Dutch Shell (RDS) has announced its decision to proceed with construction of its $10 billion Prelude floating liquefied natural gas (LNG) site off the coast of Western Australia.
The Prelude site will employ over 350 people, with 200 off shore and is expected to exceed $10 billion to construct, with Wood Mackenzie estimating the costs to be in excess of $10.3 billion.
The gas is expected to be processed by a massive 600,000 tonne vessel, 475km north-northeast of Broome instead of the traditional piping to a land-based refinery which, if produced, may be the largest vessel ever constructed.
MCA proposes new carbon pricing scheme
The Minerals Council of Australia has outlined its proposal for a new carbon-pricing scheme to be rolled out in Australia, labeling the current Carbon Pollution Reduction Scheme (CPRS) as ‘flawed’ and ‘the wrong approach’.
MCA responds positively to Federal Budget
The Minerals Council of Australia (MCA) has responded to the Federal Budget, saying that it "correctly recognises the importance of a strong and growing minerals sector to Australia’s economy and to Commonwealth revenues".
Resourcehouse to float on the Hong Kong Exchange
$3.4 billion is expected to be raised after Clive Parker floats the iron and coal export giant Resourcehouse on the Hong Kong Stock Exchange in the company’s initial public offering.
Fremantle Port iron ore export plan sinks
Cazaly Resources’ plan to export iron ore through the Port of Fremantle is in tatters after the Western Australian Transport Minister Tony Buswell and Fremantle MP Adele Carles moved to block the plan.
IMX to start African expedition
IMX Resources is due to start operations in Tanzania after acquiring its final drilling equipment.
Inquiry into impact of coal seam gas mining on the Murray Darling Basin
The Senate Rural Affairs and Transport References Committee has called for submissions to its inquiry into the impact of mining of coal seam gas on the management of the Murray Darling Basin.
Gloucester stakes out coal acquisitions
New South Wales mining company Gloucester Coal Ltd has entered an agreement with its largest shareholder, Noble, to acquire Noble’s wholly-owned coal mining company, Donaldson Coal Holdings Ltd.
Port Bonython inches closer to fruition
The planned port facilities at South Australia’s Port Bonython are a step closer to realization after an agreement between the South Australian State Government and ports consortium Spencer Gulf Ports Links (SGPL) was struck.
Jobs and skilling the focus of resources budget
The Federal Government has announced a budget dependant on the mining and resources industries and especially its involvement in the “Asian century.”
Mining tax revenue expected to decrease
Freedom of Information documents released by the Government show a decline in expected revenue to be generated by the Government’s proposed Mineral and Resources Rent Tax.
Review of Geoscience Australia released
A review of Geoscience Australia by the Department of Finance and Deregulation has found that much of the agency’s work “amounts to a national prospectus for some of Australia's most lucrative natural resources.”
Universities unite to publish mining vision
Five Australian universities, together with the CSIRO, have co-published the new Vision 2040: Innovation in Mining and Minerals paper, looking at the future of mining in Australia with a particular concentration on sustainability in the industry.
Innovation and Investment Fund opens
The $12 million South-East South Australia Innovation and Investment Fund (SESAIIF) has been launched by the Federal Government.
Victorian Government to fund exploration
The Victorian State Government has announced a $625,000 injection package for Geoscience Victoria to conduct exploration for the ‘development of Victoria’s minerals and energy resources’ in the State’s budget.
Internet streamline a boost to WA mining
The use of a new online mining approval system has ‘significantly increased’ the turnaround in approvals across Western Australia following the release of new quarterly figures.
Woomera declared open for mining
The Woomera Protected Area (WPA) has been opened to mining following discussions between the South Australian and Federal Governments.
Geological information database developed
A new public, open-access information database containing information on Australia’s geology is being co-developed by CSIRO, AuScope and a number of research agencies.
Oil and gas industries aim to improve safety record
The third month-long ‘Stand Together for Safety’ event has been launched by Australia’s oil and gas industries.
International Monetary Fund urges sovereign savings from mining boom
INTERNATIONAL MONETARY FUND URGES SOVEREIGN SAVINGS
South Australia hopeful of mining breakthrough
The South Australian Government is expected to announce today that it has secured Federal Government approval for proposed mining sites in the states Woomera Prohibited Area (WPA).