Australian mining news

Exploration potential within Queensland must be developed with new incentives, given the importance of the resources sector to the state and national economy.

Queensland mining companies will reconsider and prioritise reliability in their E&P partners for multi-million dollar contracts.

The QRC has said that a long shadow has been cast over the fellow mining communities of Oakey and Toowoomba by the drawn-out saga over approvals for the New Hope Stage Three expansion.

Growing investment by mining is helping to secure Australia’s long-term prosperity.

RCT is to install and commission autonomous technology at Chinova Resources’ Osborne mine.

Westpac Banking Corporation provides AUS$15 million working capital and hedging facilities to Kalium Lakes Limited.

RCT is finalising a major automation project for Westgold Resources at five of its mine sites in Western Australia’s Murchison.

Queensland Resources Council (QRC) Chief Executive Ian Macfarlane states that the Palaszczuk government’s first royalty deferral and repayment agreement to support the development of New Century Zinc Mine should be a model for other projects to attract more investment.

“It’s disappointing to see any business give in to bullying tactics from activists, many of who are acting illegally to disrupt lives and businesses,” says QRC.

Earth AI has received US$2.5 million in funding from Gagarin Capital, which will help the start-up achieve its aim of fundamentally improving the efficiency of mineral exploration with cutting-edge technology.