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18.09.2019 (2429 Clicks)

Timken to Acquire BEKA Lubrication

The Timken Company has reached an agreement to acquire BEKA Lubrication (BEKA), a leading global supplier of automatic lubrication systems, for approximately $165 million.

18.09.2019 (2949 Clicks)

Byerwen Coal Mine Opening good News for Queensland Exports, Jobs and Royalties

The opening of the Byerwen coal mine in North Queensland is testament to the strength and diversity of the state's mining sector, Queensland Resources Council (QRC) Chief executive Ian Macfarlane said yesterday.

18.09.2019 (2837 Clicks)

BHP report highlights Resources Sector’s Contribution to all Queenslanders

The Queensland Resources Council has welcomed BHP’s annual economic contribution report highlighting its increased payments to the Queensland Government last financial year totalled $1.24 billion or $100 million every month.

QRC Chief Executive Ian Macfarlane said the report showed the company’s payments, including royalties, from its coal operations to the Queensland Government had increased by more than $100 million last financial year based on the current US dollar-Australian dollar exchange rate.

“These payments to the Queensland Government can be reinvested in services and infrastructure for all Queenslanders,” he said.

“For instance, a $1.24 billion payment to the Queensland Government pays for all the budget capital works projects in Queensland hospital and health facilities ($1.22 billion). That means better hospital care and health facilities for Queenslanders no matter where they live.

Mr Macfarlane said this contribution did not include the multi-million-dollar injection from BHP in the form of wages, purchases from suppliers and contributions to local councils across Queensland.

Link to the BHP 2019 economic contribution report https://www.bhp.com/-/media/documents/investors/annual-reports/2019/bhpeconomiccontributionreport2019.pdf?la=en

“The QRC produces an annual contribution from the resources sector. In 2017-18, the QRC study showed the resources sector contributed $62.9 billion to the Queensland economy, making $19.5 billion in purchases, paying $5.2 billion in wages and returning $4.3 billion in royalties to the State Government.

See link to the 2017-18 QRC economic contribution report summary https://www.qrc.org.au/wp-content/uploads/2018/11/QueenslandStory2018_final.pdf

QRC will update its State-wide economic contribution report for 2018-19 in November.

Source: QRC

                     

18.09.2019 (2509 Clicks)

Implenia wins order to build the new 380-kV Berlin Diagonal Power Link

• Tunnel to carry high-voltage power line
• Order worth around EUR 130 million (approximately CHF 140 million)  
  
  >> Read More >>

15.09.2019 (2318 Clicks)

Piotrek and Csiro to make next-gen Lithium Batteries for Global Market

A new partnership between Australia's national science agency, CSIRO, and Japanese specialist chemical manufacturer, Piotrek, will see Australian-developed battery technologies commercialised globally within the next five years.

15.09.2019 (2656 Clicks)

Epiroc wins large Mining Equipment Service Contract in Chile

Epiroc has won a large contract from Codelco for service of mining equipment used at the Andina mine near Chile’s capital Santiago.

09.09.2019 (2118 Clicks)

WMO Secretary General Warns Against Climate 'Doomsters and Extremists'

The General-Secretary of the World Meteorological Organization (WMO) says that the alarmist narrative on climate change has gone off the rails and criticised the news media for provoking unjustified anxiety.

05.09.2019 (2579 Clicks)

Global Silver Production to Recover from 2020 to exceed 1B ounces by 2023

Global silver production, which has been declining since 2016, is expected to recover from 913.5 million ounces (Moz) in 2019 to 1,029Moz in 2023, according to GlobalData, a leading data and analytics company.

05.09.2019 (3045 Clicks)

Global Gold Production to reach M132 Ounces in 2023

Global gold production is expected to grow at a compound annual growth rate (CAGR) of 2.5% between 2019 and 2023 to reach 132.1 million ounces (Moz) in 2023, according to GlobalData, a leading data and analytics company.

05.09.2019 (3250 Clicks)

Small Robbins Double Shield TBM makes a monumental Achievement in the Parmer Lane Wastewater Interceptor in the USA

Compact TBM bores longest Rock Tunnel at 2.46 m Diameter