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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 (2951 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.

Mr Macfarlane today attended the official opening of the mine in the Bowen Basin, which will produce up to 10 million tonnes of coking coal each year. The mine is a joint venture between QCoal Group and JFE Steel.

“This is a milestone not only for QCoal Group, but for all Queenslanders,' Mr Macfarlane said.

'Every new mining job in Queensland leads to at least another four jobs in associated industries and adds to the budget bottom line for every Queenslander.

'Mines are part of the local community and during both construction and operations QCoal Group has kept track of its local spending and employment.

“Almost half of the spend during construction was in Queensland and in operations more than three quarters of the spend is in our state. More than half of the workers currently at the mine are from the Isaac, Whitsunday and Mackay regions.

'The high-quality coal mined here will be exported to Japan, Europe, India and South East Asia, further strengthening Queensland's reputation as a world-leading supplier of coking coal that is essential for building modern cities and supplying day-to-day essentials.

'Each tonne of coal exported also delivers returns for all Queenslanders through royalty taxes that pay for schools, roads, hospitals and public transport.

'Queensland's resources industry benefits all of us, from the workers at the mine site, to regional communities and down to the South East corner.

'The Byerwen coal mine has a potential life of more than 50 years, which means a long-term pipeline of jobs and investment in North and Central Queensland.'

About 1.000 people were employed during construction and the mine will have a permanent workforce of more than 500 people during operations.

The Queensland resources industry already supports more than 316,000 jobs across the State, earns 80% of Queensland's exports and generates more than $5 billion in royalties for the Queensland Government to reinvest into services and infrastructure for all Queenslanders.

Source: QRC

                     

18.09.2019 (2838 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.

18.09.2019 (2511 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 (2319 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 (2657 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 (2580 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 (3048 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 (3252 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