Queensland’s coal industry is making a record contribution to the State Budget to deliver funding for Queensland infrastructure and vital services, like health and education, Queensland Resources Council Chief Executive Ian Macfarlane said.
Turquoise Hill announced that Oyu Tolgoi has received notification the Government of Mongolia (Government) has
canceled the Power Sector Cooperation Agreement (PSCA), which was signed in 2014. The Government’s cancellation,
under Section 1.3 of the PSCA, indicates that the Tavan Tolgoi power project is no longer a viable option.
The Queensland Resources Council (QRC) looks forward to working constructively with the new Turnbull Government Ministry and Cabinet. The new Cabinet sees Queensland well represented with three champions of regional communities.
Global alliance, launched by UK and Canada, to lead the rest of the world in committing to an end to the use of unabated coal power.
The Queensland Resources Council (QRC) has welcomed the action by Australia Pacific LNG to supply a further 41 petajoules (PJ) of natural gas to the Australian domestic market.
Eldorado Gold Corporation ("Eldorado", "the Company" or "we") announced that it has entered into constructive dialogue with Greece's Ministry of Energy and Environment ("MoE") in respect to the development of the Company's subsidiary, Hellas Gold S.A.'s, Kassandra Mine assets in Halkidiki, Northern Greece. The Kassandra assets, which include the Skouries and Olympias projects and the Stratoni mine, were permitted under one single Environment Impact Study ("EIS") approved in 2011 by the Greek State.
Eldorado Gold Corporation ("Eldorado" or the "Company") confirms that it has received the Olympias Operating Permit and the modified Electromechanical Installation Permit for the tailings management facility at Kokkinolakkas from the Ministry of Energy and Environment. The Olympias Operating Permit is valid for a period of three years from the date of issue.
Statement by QRC Chief Executive Ian Macfarlane on the review of the Workers’ Compensation Scheme
The Queensland Resources Council (QRC) has thanked the Minister for Employment and Industrial Relations, the Hon Grace Grace, for her quick response in establishing the Stakeholder Reference Group to address compensation arrangements surrounding Coal Workers’ Pneumoconiosis (CWP).
QRC’s position, outlined to the Parliamentary Committee on the Workers’ Compensation Scheme this morning, broadly supports the recommendations of the Stakeholder Reference Group that all workers who contract CWP should receive fair compensation in a timely fashion, and retired workers or workers who had left the industry can have access to medical examinations at no cost.
QRC was one of the first bodies who advocated for the need for a review of the Workers’ Compensation Scheme and improvements in the scheme to deal adequately with all cases. In particular, the QRC recognised workers, who are diagnosed with early stages of CWP should be entitled to receive statutory compensation including circumstances where those workers are not suffering any permanent impairment or incapacity for work.
The Parliamentary Select Committee’s report into CWP released earlier this year represented a substantial body of work and the QRC acknowledges the committee’s open engagement with all parties and commends them for their professionalism in overseeing such a complex review.
The resources sector is completely supportive of, and has fully cooperated with Minister Lynham and the work of the Department of Natural Resources and Mines, including the implementation of the recommendations made in the Monash Review.
Meanwhile, coal companies have fully adopted all new regulations and have cooperated with the government in the design of significant improvements to the medical assessment process including lung function tests, spirometry testing and new standards to set out clear requirements for medical practitioners conducting tests.
The health and safety of workers is a core value and the resources sector will only strengthen its commitment to see that CWP is eradicated.
Source: QRC
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.
The Queensland Resources Council (QRC) welcomes policy announcements by the Queensland Government of its Powering Queensland Plan to address the state’s energy needs. This Queensland Plan has been released ahead of the Finkel review due to be released at COAG.
Statement by Queensland Exploration Council Chairman Geoff Dickie on EDI Funding
The Queensland Government has approved the mining leases for QCoal’s Byerwen coal mine, near Glenden.
The Queensland Resources Council (QRC) welcomes the state government’s proposal to increase base load power in North Queensland with the potential expansion of Burdekin Falls Dam.
In yet another positive sign for the coal sector the state government today released more than 270 square kilometres of land in the Bowen Basin for exploration.
The Queensland Exploration Council (QEC) has congratulated the Palaszczuk government after seven mineral and resources companies received funding for drilling projects in North West Queensland.
Statement by QRC Chief Executive Ian Macfarlane on FIFO Bill:
The Queensland Government’s Strong and Sustainable Resource Communities Bill parliamentary committee report has been released today.
Now in its 5th edition, Symposium Mines Guinea is firmly established as the largest mining event in West Africa and will take place from 09 – 11 May 2017, in Conakry, Republic of Guinea. Due to the importance of the mining sector on Guinea’s economy, The Ministry of Mines and Geology aim to make this sector the most investor friendly mining destination in Africa and have begun taking the necessary measures to implement strict good governance policies for regulation and promotion of transparency.
Queensland company Senex Energy Limited’s $50 million investment into the Western Surat Gas Project is a major step forward in the company’s work to develop more gas production for the east coast gas market.
Bane Nor was incorporated on 01/01/2017 and has a clear responsibility for the national railway infrastructure.
Samarco Mineração S.A (Samarco), BHP Billiton Brasil LTDA (BHP Billiton Brasil) and Vale. S.A (Vale) agreed a non-binding term sheet outlining the general terms and conditions for the use of Vale’s Timbopeba pit by Samarco to deposit its tailings, should Samarco restart. Vale would transfer the Timbopeba pit to Samarco and, as compensation, Samarco would supply to Vale an amount of non-processed ore (Run-of-Mine – ROM) for a certain period.