Australian mining news

The Queensland Resources Council has welcomed new national accounts figures that indicate the continued importance of the mining industry to the Australian economy.

The completion of the Comprehensive Economic Partnership Agreement, is anticipated to benefit both the Australian and Indonesian resources sectors.

The company has temporarily suspended operations at Davyhurst gold mine in an attempt to mitigate spending.

The proceeds of the placement will be used to help fund the company’s acquisition of the Pogo underground gold mine in Alaska, US.

The soon-to-be competed bauxite project has been built using local companies with over AUS$1.5 billion worth of contracts awarded to Queensland suppliers.

Kalium Lakes Limited (KLL) receives approval by the Department of Mines, Industry Regulation and Safety for its Beyondie Sulphate of Potash Project.

The minerals industry is a significant contributor to the Victorian economy, employing 121 000 people and making a total direct and indirect contribution to the state in 2015/16 of AUS$13.6 billion

Corporate decision-makers in the mining industry have been called out as ringleaders ensuring Australia’s repeated game of ‘Boom and Bust'.

“Scott Morrison knows what makes regional Queensland tick, and he understands the importance of our most valuable industries – like resources,” says QRC.

Australia’s minerals industry is keen on working with the government for decisive action to ensure a strong economy, says MCA.