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Miners Life

Feb 27, 2021
Coal price dive and mine incidents hit Anglo results

Coal price dive and mine incidents hit Anglo results

Anglo American’s pre-tax profits from its metallurgical coal operations slipped 97 per cent in 2020 as lower coal prices and underground incidents during the year at Grosvenor and Moranbah North took their toll. And the company advised that production guidance for 2021 stands at 18–20 million tonnes but is expected to be at the lower end of that rangeafter the suspension of operations at...

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Feb 27, 2021
Tropical low may brew into cyclone next week

Tropical low may brew into cyclone next week

A tropical low sitting in the Coral Sea off the Far North Queensland coast is being tipped to intensify into a cyclone early next week. Bureau of Meteorology Queensland forecaster Kimba Wong said this morning (Feb 27) the tropical low was located about 200 nautical miles east of Cape Flattery. “Already there is some shower and thunderstorm activity associated with that tropical low, ...

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Feb 26, 2021
Moranbah North remains offline as probe continues

Moranbah North remains offline as probe continues

* Updated February 27 Moranbah North mining operations remain suspended as investigations continue into elevated gas levels detected last weekend. Meanwhile the CFMEU is calling on the Queensland Government to make urgent changes to the conduct of the ongoing Queensland Coal Mining Board of Inquiry to encompass the incident.  Workers were withdrawn from the underground coal mine on Satu...

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Feb 26, 2021
Palmer coal project makes it through to next round

Palmer coal project makes it through to next round

Clive Palmer’s Central Queensland Coal Project has progressed to the next stage of environmental scrutiny, with the State to hand down a report by April 28. The Queensland Department of Environment and Science (DES) said it had decided that the Environmental Impact Statement for the project could proceed to the assessment report stage.  It stressed that this did not mean the project ...

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Feb 26, 2021
Expansion verdict on horizon for Dalrymple Bay

Expansion verdict on horizon for Dalrymple Bay

Dalrymple Bay Infrastructure looks likely to proceed with a feasibility study this year for the $1.27 billion 8X project to expand coal terminal operations. The company – which listed on the stock exchange in December – released its FY20 results to the market today, showing that the Dalrymple Bay terminal near Mackay shipped 55 million tonnes of coal last year compared to 67 millio...

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Feb 26, 2021
Agripower wins $71m NAIF loan for expansion

Agripower wins $71m NAIF loan for expansion

North Queensland fertiliser producer Agripower Australia has secured a $71 million Northern Australia Infrastructure Facility (NAIF) loan for expansion works. Minister for Resources, Water and Northern Australia Keith Pitt said the loan would help Agripower to upgrade infrastructure and improve access to its amorphous silica mine site near Greenvale and its processing plant near Charters Towe...

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Feb 26, 2021
Welcome to Queensland, or maybe not

Welcome to Queensland, or maybe not

The ‘Welcome to Queensland’ mat has been taken off state’s front porch. At least that’s what new figures say about investors in the resources sector. Queensland now ranks number 16 out of 77 jurisdictions in the world in terms of investment attractiveness. Queensland has dropped an alarming six points over the past five years according to the the Fraser Institute’s ...

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Feb 26, 2021
Jack Brabham-raced Lotus up for auction

Jack Brabham-raced Lotus up for auction

A very rare Lotus 12 Sakabat described as an extremely important part of Australian motor racing history is going up for auction this weekend. The motor alone has a story to tell as possibly the oldest surviving motor raced by Formula One World Champion Jack Brabham. “Any vehicle with a celebrity affiliation, provenance or an iconic history is set to go up in value,” Lloyds Auctions ...

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Feb 26, 2021
State markets mighty minerals province to Europe

State markets mighty minerals province to Europe

A series of international engagement sessions are set to focus global attention on the North West Minerals Province and its top-shelf credentials for ‘energy transition’ metals. Resources Minister Scott Stewart said experts from his department hosted a special engagement session with the Movement of the Enterprises of France, which has more than 750,000 member companies. “Thirty...

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