International trade in Queensland’s resources has stayed consistent with an 80 percent contribution to the total value of the State’s exports of $79.9 billion in the 12 months to May 2020, according to Queensland Treasury’s analysis of Australian Bureau of Statistics data.
Metso has been awarded a contract for the design, supply and installation of a railroad car dumper system for CSX Transportation in the USA. The new Twin Cage Tandem Rotary Car Dumper System will be used for the unloading of coal from railroad cars at the CSX Curtis Bay Export Terminal, located in Baltimore, Maryland. The dumper system is expected to be operational in October 2021.
With ore grades declining and cost pressures rising, high-throughput circuits based on very large grinding mills are becoming an increasingly attractive option in mineral concentration applications. The Outotec® Open Ended Discharge Grinding Mill (OED Mill) enables innovative and efficient high-capacity circuit designs through the removal of pulp lifters from the discharge arrangement, facilitating reductions in both CAPEX and OPEX.
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.
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.
Statement by QRC Chief Executive Ian Macfarlane:
The Queensland Resources Council has welcomed the interim authorisation granted by the Australian Competition & Consumer Commission (ACCC) to allow resource companies to co-ordinate on sourcing crucial supplies during the COVID-19 pandemic.
With the ongoing uncertainty in Australia’s job market Glencore has taken decisive action by extending its 2021 Graduate Development Program said the Queensland Resources Council.
Iron ore exports from India are expected to decline by around 25% to 23.3 Mt in 2020 due to the coronavirus (Covid-19) outbreak and the subsequent closure of ports, shortage of workers and transport restrictions, which are severely disrupting the exports as well as the domestic supply, says GlobalData, a leading data and analytics company.
Amid tighter restrictions with the Covid-19 response, half of the 800 job vacancies in Queensland’s resources and energy sector were listed in the last fortnight on employment website SEEK.
Queensland’s resources have propelled the value of the State’s exports to $83.3 billion in the 12 months to February 2020, according to the latest Australian Bureau of Statistics data.
A survey of Queensland’s resources leaders taken before the impacts of COVID-19 started to unfold found the sector was in a good standing to create an economic buffer in 2020.
Queensland Resources Council Chief Executive Ian Macfarlane said the State of the Sector report gave hope to the Queensland economy with the sector in a strong position to maintain production and employment.
The health and well-being of the 372,000 men and women working in the State resources sector is the priority for the Queensland Resources Council (QRC) and its member companies in response to the novel coronavirus (COVID-19).
Metso has signed a contract for the delivery of a calcining system to a customer in Russia. The order value of approximately EUR 30 million has been booked in Metso’s Q1 2020 orders received. Commissioning of the system is expected to take place in 2023.
Cimic Group company UGL has secured contracts to provide maintenance, turnarounds and project services for its clients in the oil and gas sector.
QRC has welcomed the release of the Brady Review into Mining and Quarrying fatalities and two University of Queensland expert legal assessments of coal mining and mining and quarrying legislation.
These reports represent a wealth of information that the resources industry can use to further enhance safety.
Glencore PLC (Glencore), one of the world’s largest industrial cobalt producers, announces that it is to join the Responsible Sourcing Blockchain Network (RSBN). RSBN is an industry collaboration utilising blockchain technology to support responsible sourcing and production practices from mine to market. With members spanning downstream auto brands, refiners and miners, the network’s blockchain has moved beyond proof of concept and is on track to become commercially operational by spring 2020.
The Queensland Resources Council (QRC) has welcomed the State Government’s announcement today that an additional 30,000 square kilometres of land in the Surat, Bowen and Galilee basins would be released for gas exploration.
Queensland resources sector continues to invest in new technologies to reduce emissions across the sector and is calling for an agnostic approach to the energy mix.