News

  • Record high external administrations and B2B defaults

    NEWS

    New report exposes record high administrations and defaults

    The latest CreditorWatch Business Risk Index (BRI) for March 2024 has exposed a worrying trend for Australian businesses, with external administrations hitting a record high. Factors such as cost pressures, ... more

  • Gold surges 30 per cent amidst economic uncertainty

    NEWS

    Gold surges 30 per cent amidst economic uncertainty

    Gold prices have seen a remarkable surge of around 30 per cent since the fall of 2023, marked by several spikes that are not easily attributed to specific events or fundamentals. According to European invest... more

  • Summit Minerals expands portfolio with strategic acquisition in Brazil

    NEWS

    Summit Minerals expands portfolio with acquisition in Brazil

    Summit Minerals Ltd (SUM) has announced the signing of binding agreements to acquire extensive niobium, rare earth elements (REE), and lithium tenements in Minas Gerais and Paraíba, Brazil. The acquisition ... more

  • RSHQ demonstrates ‘Power of Explosives’

    NEWS

    Power of explosives on show in bid to achieve zero serious harm

    To enhance education and safety in the resources sector, Resources Safety and Health Queensland (RSHQ) recently hosted its annual 'Power of Explosives' event at the Helidon Explosives Reserve. The event, whi... more

  • New report exposes record high administrations and defaults
  • Gold surges 30 per cent amidst economic uncertainty
  • Summit Minerals expands portfolio with acquisition in Brazil
  • Power of explosives on show in bid to achieve zero serious harm
BHP's $38.8b bid for Anglo American could reshape mining

BHP’s $38.8b bid for Anglo American could reshape mining

BHP has launched a $38.8 billion bid to acquire Anglo American, a move that could redefine the global mining landscape and position BHP as the leading mining company worldwide. If successful, the merger would create a powerhouse in copper, iron ore, and metallurgical coal, marking it as the largest deal in BHP's history and one of the year's biggest across all sectors. Additionally, it would strengthen BHP's position in iron ore and metallurgical coal. James Whiteside, Metals and Mining Corporate Research Director at Wood Mackenzie, described the potential deal as the most significant shakeup in the global mining industry in…
Federal govt supports major critical minerals projects

Federal government provides loans to major critical minerals projects

The federal government has announced its support for two major critical minerals projects in Queensland and South Australia, aiming to boost Australia's manufacturing sector while creating hundreds of jobs and opportunities. The government will provide $400 million in new loans to Australian company Alpha HPA to establish Australia's first high-purity alumina processing facility in Queensland. The Alpha HPA project in Gladstone is expected to create approximately 490 jobs during construction and more than 200 jobs upon completion. This project is significant for Gladstone, a city crucial to the economic prosperity of Central Queensland. It will place Gladstone at the forefront…
Non-compliance crack down in Victoria's minerals and quarry sectors

Non-compliance crack down in Victoria’s minerals and quarry sectors

The Earth Resources Regulator is ramping up efforts to ensure operators in Victoria's minerals and quarry sectors adhere to regulations, following recent instances of non-compliance that have resulted in work stoppages and remedial actions. A minerals exploration company recently had to halt its activities north of Melbourne due to non-compliance with several licence conditions. The company failed to meet requirements such as an outstanding rehabilitation bond payment, unregistered landholder compensation agreements, and insufficient technical details, prompting the stoppage of work. In eastern Victoria, a gravel quarry operator was found to have extracted material outside their approved area, leading to a…
Earth Resources Regulator ensures compliance at Keilor quarry

Earth Resources Regulator ensures compliance at Keilor quarry

The Earth Resources Regulator is taking proactive measures to ensure quarries in Victoria operate within their approvals, maintaining the balance between resource extraction and environmental protection. Following investigations prompted by community complaints regarding stockpiles, dust, and truck movements, the state's resources regulator, in collaboration with the Environment Protection Authority (EPA) and Hume City Council, issued a notice to a quarry operator at their Keilor site. The notice mandates that the operator conducts activities following the site's approved Work Plan, emphasising environmental protection and compliance. Specifically, the notice requires the operator to prevent excessive stockpiling beyond what is necessary for site…
Queensland miners gather to address safety challenges

Queensland miners gather to address safety challenges

Resources Safety and Health Queensland (RSHQ) recently hosted a gathering of key industry experts in Brisbane to discuss critical issues facing the mining sector. The meeting, held at RSHQ's research and testing facility known as Simtars, brought together 60 occupational hygiene and health consultants, as well as safety and health workers servicing the mining industry. The attendees convened to share insights and brainstorm innovative approaches to address major hazards in mining operations. Among the topics discussed were respiratory protection, psychosocial hazards, welding fume trends, and the risks associated with hydrogen and electrical vehicles. RSHQ Principal Occupational Hygienist Samantha Forster highlighted…
Nominations open for Engineers Australia Excellence Awards

Nominations open for Engineers Australia Excellence Awards

Nominations are now open for Australia’s most prestigious engineering awards, the Engineers Australia Excellence Awards. These awards recognise the achievements of engineering professionals and cutting-edge engineering projects driving Australia forward. "For over one hundred years, our Excellence Awards have united the engineering sector in celebrating its most significant accomplishments. It is these individuals and endeavours that break new ground, changing how we see the world, live our lives, work, and think creatively," said Engineers Australia CEO Romilly Madew AO. Local winners will be selected at local celebration events in September. These winners will represent their division as finalists at the…
Qld invests $2.67m to advance mining tech and renewables

Queensland invests $2.67m to advance state’s METS sector

Queensland is set to bolster its mining equipment, technology, and services (METS) sector with over $2.6 million in funding aimed at driving innovation and sustainability in the state's mining industry. The funding, provided through the METS Collaborative Project Fund, invites businesses, research bodies, government agencies, and industry groups to collaborate on projects addressing environmental issues, emissions management, renewable energy, and safety. The METS sector contributes $7 billion in revenue to Queensland's economy and is expected to play a crucial role as the world transitions to cleaner and greener power sources. The target of net zero emissions by 2050 will increase…