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04.06.2021 (534 Clicks)

Costain’s Simon Ellison to lead Highways England Account Team

Simon Ellison has been appointed as Costain’s Highways England client director and will be responsible for maintaining and developing the relationship of our longstanding client.

03.06.2021 (526 Clicks)

Fugro CEO participates in UN Ocean Decade Launch Event

Fugro CEO Mark Heine participated alongside world leaders and experts from a diverse range of stakeholder groups in the First International Ocean Decade Conference.

03.06.2021 (612 Clicks)

Cimic's UGL secures Contract at Kidston Clean Energy Project

Cimic Group’s UGL has secured a contract for the design, construction and installation of a high voltage transmission line from Kidston to Mt Fox in Queensland, and a new 275kV switching station located at Mt Fox.

03.06.2021 (487 Clicks)

Townsville the Heart of Queensland’s new Minerals Processing Era

Queensland is entering a golden new era of minerals processing and Townsville is right at the heart of the action, Queensland Resources Council (QRC) Chief Executive Ian Macfarlane said today.

02.06.2021 (486 Clicks)

Global Growth will be fuelled by Queensland Resources

A national commodity outlook released today confirms what most Queenslanders already know – they can count on resources to help the state recover from COVID-19 and thrive well into the future, the Queensland Resources Council (QRC) said today.

01.06.2021 (480 Clicks)

Exploration Results in Queensland continue to defy Pandemic

Exploration expenditure in Queensland has risen by 24 percent over the past 12 months to reach $708 million since March 2020, the Queensland Resources Council (QRC) said today.

QRC Chief Executive Ian Macfarlane said the latest ABS exploration data released today shows that in spite of the global pandemic, Queensland’s resources sector has continued to surge ahead, particularly in petroleum and minerals.

“The latest data is the first time we’ve been able to look at how the exploration industry has performed over a 12-month period since the onset of Covid, and the news is very good for the Queensland economy and for regional jobs,” he said. “Annual expenditure on petroleum exploration in Queensland has risen by almost 60 percent since March 2020 to reach $297 million, compared to $188 million for the previous 12-month period. Queensland minerals exploration expenditure has also kept increasing throughout Covid, rising by seven percent over the past 12 months to reach $411 million.”

Looking at the performance of individual commodities over the 12 months, copper exploration expenditure is up 13 percent since March last year, gold is up 33 percent and selected base metals and coal are steady. Mr Macfarlane said while coal exploration expenditure was flat over the period, the good news is that demand for Australian coal is still very strong.

“Queensland Treasury analysis highlights Queensland’s future coal demand will continue to be linked to key economies in North-East and South-East Asia, and demand for our metallurgical coal in particular hinges on the world’s two largest coal consumers, China and India,” he said. “In Queensland, our coal industry enjoys some key advantages such as our strategic geographic location in the region and the superior quality of our coal compared with global competitors. We are well placed to meet this projected increase in demand as long as we have the right policy settings in place.”

The QRC’s exploration arm the Queensland Exploration Council (QEC) Chair Kim Wainwright said Queensland’s exploration industry has shown resilience through what has been a tough year for explorers.

“A year on from the pandemic, this informative expenditure data has proven our explorers are confident Queensland’s prospectivity is strong. It’s welcome news to know that the exploration industry is recovering from the challenges of Covid-19,” Ms Wainwright said.

Source: QRC

                     

01.06.2021 (474 Clicks)

Endomines announces Change of Interim CEO

Endomines announces that Interim CEO Rauno Pitkänen has informed the Board of the Company that he will be retiring and resigning his position as of May 31, 2021. Deputy CEO Marcus Ahlström will take on the interim CEO position for now until the question of permanent CEO has been resolved.

31.05.2021 (439 Clicks)

Normet expands their Equipment Offering with an agile and compact Variomec XS multipurpose Platform

Normet has expanded its wide equipment offering by launching an agile and compact Variomec XS product family to the market. Normet XS carrier is developed to provide safe, purpose-build and agile platform for several different transportation applications needed in demanding mining operations.

31.05.2021 (476 Clicks)

SSAB: New Framework to finance sustainable Transition

SSAB has completed a framework that will provide an opportunity to issue sustainability-linked bonds. The framework complies with Sustainability-Linked Bond Principles and will strengthen SSAB’s position on the capital markets.

31.05.2021 (495 Clicks)

Håkan Folin, Executive Vice President and CFO at SSAB, to get Executive Vice President and CFO at Epiroc

Håkan Folin, Executive Vice President and CFO at SSAB, has decided to leave SSAB to take up the position of Executive Vice President and CFO at Epiroc.