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19.05.2020 (705 Clicks)

QRC farewells New Hope’s Shane Stephan

The Queensland Resources Council (QRC) has thanked Shane Stephan for his distinguished leadership as Chief Executive Officer & subsequently Managing Director of the New Hope Group after 11 years with the company.
QRC Chief Executive Ian Macfarlane said New Hope Group announced Shane would retire from the company at the end of August.

16.05.2020 (698 Clicks)

QRC welcomes more Land for Gas Exploration

The Queensland Resources Council, the peak organisation for the State’s coal, metal and petroleum producers, explorers and suppliers, has welcomed the release of more than 6,700 square kilometres of land in the Surat and Bowen basins between Blackwater and Goondiwindi for gas exploration including domestic-only gas.

15.05.2020 (939 Clicks)

Call-for-Papers of the US Conference for Underground Construction RETC 2021 has started

The 2021 RETC abstract submission site is now available. You can help contribute to a dynamic technical program next June by sharing innovative solutions and outcomes to interesting or unique challenges.

15.05.2020 (734 Clicks)

Olive Downs Coking Coal Project in Australia receives Federal Environmental Approval

Pembroke Resources has received approvals from the Department of Agriculture, Water and the Environment under the Environment Protection and Biodiversity Conservation (“EPBC”) Act for its Olive Downs Coking Coal Project (“Olive Downs”) in Central Queensland.

The EPBC approvals, together with the grant of the Environmental Authority (“EA”) by the Queensland Government in 2019, provide a clear pathway to grant of the Mining Leases and the commencement of construction and creation of over 1,000 new jobs in the region.

The Federal and State approvals endorse the Company’s intent to deliver strong environmental outcomes. The project pathway has also benefited from being a Tier One steelmaking coal project in an established mining basin with access to established infrastructure.

The Federal environmental approvals authorise activities for Olive Downs’ 79-year mine life and provide the conditions for the operation of the mine and the associated infrastructure corridors, including environmental obligations.

Pembroke Chairman and Chief Executive Officer Barry Tudor said that the Company was pleased with the outcome of a robust and highly consultative review process involved in the granting of the EPBC approvals and considers the outcome to be recognition of the strong environmental planning it has put in place.

“This is an exciting time for the Company and the region’s wider community. The EPBC approvals, and the EA, which was granted last year, represent key milestones for the Project. The next key milestone issecuring the grant of the mining leases, which will enable us to commence construction. We anticipate these to be granted in the coming months and look forward to construction and employment commencing shortly after this,” Mr Tudor said.

Mining Leases – Next Stage

Olive Downs has now assembled all the elements required to commence construction following the grant of the Mining Leases, including access to power, water, rail and port.

This includes investing considerable time consulting with the local community throughout the approvals process, focusing on creating opportunity for local jobs, engaging with stakeholders, and establishing a strong relationship with Barada Barna as the traditional owners of the land, having an Indigenous Land Use Agreement in place.

While the planning and project enabling work predates COVID-19, the mine is expected to provide much needed local stimulus during the recovery, with significant economic benefits for Queensland and the creation of up to 500 jobs during construction and over 1,000 new jobs when the project reaches full operation.

In addition to employment and its contribution to the local economy, the steelmaking coal project isalso expected to generate around $5.5 billion in royalties for the Queensland Government over the life of the mine.

Pembroke will provide workers with an opportunity to live in towns near the mine including Moranbahand Dysart and is fully committed to building sustainable futures for people in the communities in which Olive Downs operates. Beyond the new jobs at the mine, there will also be significant opportunities for local and regional suppliers, contractors, service providers and businesses.

The potential for Olive Downs to make such a significant contribution in a relatively short time frame is principally due to the mine being in a well-established coking coal area with access to existing infrastructure for power, water and rail. Strategically positioned in the Bowen Basin, the project will supply steelmaking coal to markets globally and has already attracted strong interest within the industry across Asia, including Japan, Korea and China.

The Olive Downs Coking Coal Project has 838 million tonnes (Mt) of Open Cut JORC Resources and 514Mt of Open Cut JORC Reserves of a globally recognised product that is similar to other well accepted Bowen Basin brands. Pembroke is planning for the commencement of site construction following the grant of the mining leases and is forecasting the project to produce up to 15Mtpa saleable coal over its 79 year mine life.

The Olive Downs Coking Coal Project is 100% owned by Pembroke, an Australian specialist steelmaking coal company and is backed by its major shareholder, Denham Capital, a leading global energy and resources private equity firm.

About Pembroke Resources

Pembroke Resources is an Australian-based company focused on the acquisition and development of a portfolio of high quality, steelmaking coal assets. The company is currently developing the Olive Downs Coking Coal Project, a large-scale world class steelmaking mine located in the Bowen Basin, approximately 40km south-east of Moranbah, Queensland.

Source: Pembroke Resources

                     

14.05.2020 (823 Clicks)

Costain to take important Role in Shaping UK Industry’s Journey to net Zero by 2050

UK Research and Innovation recently announced funding for the first phases of the Deployment and Roadmap programme for industrial decarbonisation strategies, run on behalf of the UK government.

14.05.2020 (718 Clicks)

Senex delivers more Power for Queenslanders

Senex Energy has signed a new gas supply agreement with 2.55 petajoules (PJ) of natural gas flowing from the company’s Atlas operations to CleanCo the new publicly owned generator of low-emissions electricity.

14.05.2020 (805 Clicks)

SMT Scharf AG: Business in Q1/2020 burdened significantly by Coronavirus

• Consolidated revenue down to EUR 10.7 million due to coronavirus pandemic
• Operating result (EBIT) decreases to EUR -2.1 million
• High order book position of EUR 29.4 million reflects delayed order processing
• Subdued outlook in the mining equipment market owing to Covid-19 effects

13.05.2020 (759 Clicks)

SEMAFO: Cash Flow from Operating Activities - Transaction Update

SEMAFO Inc. (TSX, OMX: SMF) announced results of operations for the three-month period ended March 31, 2020.

13.05.2020 (700 Clicks)

BAUER AG starts off the Financial Year with a slight Drop in Sales and increased Order Backlog

The BAUER Group closes the first quarter with a decline in EBIT but very high order backlog. The total Group revenues decreased by 5.0% from EUR 410.9 million to EUR 390.2 million, compared to the same period of the previous year. Sales revenues also dropped by 2.3%, from EUR 341.9 million to EUR 334.0 million. EBIT fell from EUR 10.5 million in the previous year to EUR 6.3 million. Earnings after taxfor the Group were EUR -5.0 million, compared to EUR -5.1 million in the previous year.

13.05.2020 (827 Clicks)

Anglo American supports global Fight against gender-based Violence through their WeCare Lives and Livelihoods response to COVID-19

Anglo American is providing extensive support to its employees and host communities through its global WeCare lives and livelihoods programme response to the COVID-19 pandemic. As part of the WeCare programme, Anglo American today announces its contribution towards accelerating the fight against gender-based violence, given the significant increases in cases of gender-based violence in many countries during lockdown.