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Resources – funding the Budget’s ‘Jobs bonanza’!

Statement from the Queensland Resources Council

Today’s budget papers illustrate the vital importance of resources, especially coal, to keep the state in the black. Premier Annastacia Palaszczuk announced it as the ‘jobs bonanza budget’, which would have been impossible without royalty revenue.

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Reports of the Death of Coal exaggerated

Statement by QRC Chief Executive Ian Macfarlane

As the Mark Twain saying goes: Reports of my death are greatly exaggerated. And so have been the green activist reports of the death of coal, and more broadly, the resources sector. Today, it is pleasing to see the Premier Annastacia Palaszczuk and Minister for Natural Resources and Mines, Dr Anthony Lynham, have thrown their support behind the resurgence of Queensland’s mighty resources sector.

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First of its Kind: Bucket Wheel Excavator Barracuda makes Coal Mining in China safer and more efficient

 

Thyssenkrupp has won its first order for its new Barracuda® compact bucket wheel excavator. China Huaneng Group has ordered the bucket wheel excavator based overburden system from the mining unit of the company’s Industrial Solutions business area. The order is worth more than €40 million. The Barracuda is due to go into operation at the Yiminhe open-pit mine in Inner Mongolia in 2018.

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