Archived News for Industry Professionals - June, 2011
Downer EDI has won a $50 million contract for work at Rio Tinto's Warramboo project in the Pilbara.
The work involves earthworks, concrete works, road surfacing and bridge construction, electrical and communication works, as well as a diversion of the North West Highway near Warramboo, 165 kilometres south of Karratha.
Downer EDI chief executive Grant Fenn said the contract win demonstrated Downer's ability to provide customers with comprehensive design and construct services for civil mine infrastructure including roads, bridges, buildings and utilities.
The dispute between the Federal Greens and the mining industry has intensified after the party urged a debate on measures to slow down the $65.3 billion iron ore sector according to an article published the Australian Financial Review.
The Western Australian Government has finallised agreements with the Goolarabooloo Jabirr Jabirr native title claimant group and Woodside Energy Ltd to secure access to land at James Price Point, north of Broome, for the establishment of a Liquefied Natural Gas (LNG) precinct to process gas from the Browse Basin Gas reserves.
The Federal Environment Minister Tony Burke has approved Inpex's Ichthys Browse Basin project, including a gas field facility, pipeline and processing facility, under the Environment Protection and Biodiversity Conservation (EPBC) Act 1999, subject to environmental conditions
Petroleum and minerals explorer, Central Petroleum Ltd, and Allied Resource Partners (ARP) have announced agreement to undertake a feasibility study on a $7.5 billion plan to convert coal deposits in the Pedirka Basin in Central Australia to diesel by gasification.
Jupiter Mines has commenced a feasibility study on its A$1.6 billion Mount Ida Magnetite Project in the Central Yilgarn region of Western Australia.
Australian mining Giant Rio Tinto has completed its $4 billion acquisition of Riversdale Mining after the compulsory acquisition of the remaining Riversdale shares was announced. The purchase of Riversdale Mining will significantly expand Rio's operations in Mozambique.
The Australian has revealed that Chinese mining giant Shenhua has been buying coal rich land throughout New South Wales in an attempt to shore up its coal base in Australia.
Mining giant BHP Billiton has suffered another cost blowout after it was announced its Worsley alumina project has experienced a $1.2 billion blowout and nine month delay.
Queensland and Western Australia are set to experience a massive demand in skilled labour over the coming years, with 300,000 workers required to continue economic growth.
Western Australia’s Oakajee iron ore port and rail project has taken another serious blow after one of the two main developers announced it was struggling to raise the required funding for the site’s construction.
Geoscience Australia has released its Toward Future Energy Discovery, detailing the outcomes and achievements of the Australian Government’s five-year, $134 million Energy Security Initiative.
The Federal Government and Opposition are embroiled in a bitter dispute over the proposed carbon tax, with the Opposition proposing a non-binding $80 million plebiscite over the issue.
Rio Tinto has announced a $637.8 million investment in its Pilbara expansion plans, aimed at fast tracking the development of the company's iron ore production capacity.
Training proposals for construction workers, drillers, electrical technicians and mining workers will be among those considered for funding under the first round of the $200 million Critical Skills Investment Fund.
A CSIRO research report has found that extending the life of existing iron ore mines in Australia and optimising marginal deposits would contribute an additional $56 billion to the national budget.
The Queensland Resources Council (QRC) has demanded that the Queensland State Government do more to remove flood waters from the state's coal mine, saying that the reconstruction efforts rest on the maintaining of current royalty pricing in the state.
Royal Dutch Shell’s recently announced bid to be the first to build a floating liquefied natural gas operation may be thwarted by rival projects in Malaysia and Papua New Guinea, according to a report in the Australian Financial Review.