Australian Mining https://www.australianmining.com.au Australia's home for mining industry news Tue, 21 Feb 2017 05:27:01 +0000 en-AU hourly 1 https://wordpress.org/?v=4.7.2 Goyder to replace Chaney as Woodside chairman https://www.australianmining.com.au/oil-gas/goyder-replace-chaney-woodside-chairman/ https://www.australianmining.com.au/oil-gas/goyder-replace-chaney-woodside-chairman/#respond Tue, 21 Feb 2017 00:39:25 +0000 https://www.australianmining.com.au/?p=165445 Richard Goyder will take over as chairman of Woodside Petroleum next year, his second major appointment since Wesfarmers announced he would step down as managing director of the company earlier this year.

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Richard Goyder will take over as chairman of Woodside Petroleum next year, his second major appointment since Wesfarmers announced he would step down as managing director of the company earlier this year.

Goyder is well-known in the Australian business community as the MD and CEO of Wesfarmers, positions he has held since July 2005. He will step down from his role at the company in November this year.

Last week the West Australian was also named as the next chairman of the Australian Football League (AFL), replacing Mike Fitzpatrick. Goyder, who was already a commissioner of the league, will start as AFL chairman on April 4.

At Perth-based Woodside, Goyder will replace Michael Chaney, who will depart as chairman following next year’s annual general meeting (AGM). Goyder will join the board of Perth-based Woodside in August 2017 as chairman-elect.

Goyder said: “I am delighted to be joining the board of such a significant and successful Australian company and I look forward to working with (Woodside CEO) Peter Coleman, his management team and the board to continue to drive value for shareholders.”

Chaney joined Woodside’s board in 2005 and became chairman of the company in 2007. He said it was fitting that a prominent and respected Australian business leader like Goyder should become the next Woodside chairman.

“Richard will bring a skill set that complements existing expertise and will take over as chairman at an exciting time for the company as we grow our portfolio in Australia and globally,” Chaney said.

“Richard has demonstrated his focus on delivering value for shareholders and commitment to excellence throughout his extensive business career.

“To ensure a smooth transition, Richard will join the board in August 2017 as chairman-elect and he will become chairman after our 2018 AGM.”

Woodside CEO Coleman commented: “The transition phase ensures the best outcome for the company and our shareholders and is a unique opportunity to work with both Michael and Richard – two of Australia’s greatest business leaders.”

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Senex invests $50m in Western Surat Gas project https://www.australianmining.com.au/news/senex-invests-50m-western-surat-gas-project/ https://www.australianmining.com.au/news/senex-invests-50m-western-surat-gas-project/#respond Mon, 20 Feb 2017 23:56:45 +0000 https://www.australianmining.com.au/?p=165440 Senex Energy has approved its first major investment in the Western Surat Gas project in Queensland, providing $50 million to the project’s well drilling campaign.

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Senex Energy has approved its first major investment in the Western Surat Gas project in Queensland, providing $50 million to the project’s well drilling campaign.

The investment involves the drilling of 30 wells and the construction of gas and water handling infrastructure.

The first wells online are expected in mid 2017, set to produce approximately 10 TJ of gas a day (approximately 0.6 mmboe per annum) by mid 2018.

Senex managing director and CEO Ian Davies said the work program would provide large gas volumes from drill ready acreage.

He added that the company has a clear plan to ramp up the project.

“We have seen immediate gas to surface from the Glenora pilot wells, brought online for continuous production in early February,” Davies said.

“We have also seen evidence of strong gas flows from wells on the Eos block during rehabilitation works being undertaken on legacy QGC wells. These results demonstrate that coal seams in the Glenora and Eos blacks have already been partially dewatered by neighbouring operations.”

The Glenora and Eos blocks are located south-east of the Western Surat Gas project, north of Gladstone Liquefied Natural Gas (GLNG)’s producing Roma field.

Davies added that the work program will provide the company a greater understanding of the resource to support an accelerated project timeline.

They also aim to drill, complete and connect an additional 30 to 50 wells throughout 2018.

“Under this scenario and subject to regulatory approvals, Senex can seamlessly transition to development phase targeting gas production of over 16TJ per day by 2019, equivalent to one million barrels of oil equivalent per annum,” he said.

The company plans to sell the raw gas to GLNG.

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Beadell taps market for $51m to fund Brazilian mine upgrades https://www.australianmining.com.au/news/beadell-taps-market-51m-fund-brazilian-mine-upgrades/ https://www.australianmining.com.au/news/beadell-taps-market-51m-fund-brazilian-mine-upgrades/#respond Mon, 20 Feb 2017 23:43:35 +0000 https://www.australianmining.com.au/?p=165434 Brazilian gold miner Beadell Resources will raise up to $51 million to fund mine upgrades and exploration activities at its Tucano operation.

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Brazilian gold miner Beadell Resources will raise up to $51 million to fund mine upgrades and exploration activities at its Tucano operation.

Beadell, which has been in a trading halt on the ASX since last week, has already received commitments to raise $46 million through a placement of 159 million shares at 29 cents per share. The company plans to raise up to an additional $5 million, at the same share price, to eligible shareholders.

In an ASX announcement, Beadell said the funds would be used for activities associated with the design and construction of plant upgrades at Tucano, including a ball mill; ongoing exploration at the site; and for working capital.

Beadell chief executive officer Simon Jackson said support for the placement would allow the company to continue exploration and mill upgrades that are vital for the Tucano mine.

“With a strong balance sheet, a virtually unexplored greenstone belt and a pathway to a fully optimised project with a long life and significant production profile, the outlook for Beadell is exciting,” Jackson said.

Tucano, which is in the Amapá state in the north of Brazil, produced 122,292 ounces of gold in the 2015 calendar year. Beadell acquired the mine in 2010.

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RPM launches improved mine simulation software https://www.australianmining.com.au/news/rpm-launches-improved-mine-simulation-software/ https://www.australianmining.com.au/news/rpm-launches-improved-mine-simulation-software/#respond Mon, 20 Feb 2017 23:20:29 +0000 https://www.australianmining.com.au/?p=165431 RungePincockMinarco (RPM) has released the Haulsim 2.3 mine simulation software.

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RungePincockMinarco (RPM) has released the Haulsim 2.3 mine simulation software, and provided live demonstrations of the system at this year’s 2017 SME annual conference in Denver, Colorado.

Version 2.3 enables users to produce more comprehensive and extended reports through detailed Pivot Grid reporting in the experimenter. This provides the end user greater visibility and advanced analytics of the direct impact of equipment changes to the bottom line.

Simulation product manager, Adam Price, said, “Most haulage software does a calculation where as Haulsim does a full discrete event simulation.

“Having a discrete event simulation engine at its core means that Haulsim works differently from other ‘deterministic’ mine haulage modelling tools. With this release, users can easily identify queuing and vehicle interactions as a result of more complex reporting capabilities.”

The system’s reporting enhancement was developed in partnership with the RPM consulting group and has already been used to help identify bottlenecks at a number of mine sites.

Additional features of the system include improvements to ‘grouping’ functionality. Changes made to the way that equipment is grouped makes it quicker and easier to quantify the impact operational decisions like ‘hot-seating’ and ‘staggering start times’.

Another enhanced feature is an updated equipment library. The Haulsim equipment library contains the latest in published data, enabling users to draw upon the most up to date equipment information directly from manufacturers to calculate the speeds that equipment travel in the model.

Leveraging industry leading simulation technology, the system integrates real-world data to empower users to optimise its mine fleet outcomes.

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Action Drill and Blast wins gold contract at Telfer https://www.australianmining.com.au/news/action-drill-blast-wins-gold-contract-telfer/ https://www.australianmining.com.au/news/action-drill-blast-wins-gold-contract-telfer/#respond Mon, 20 Feb 2017 22:16:49 +0000 https://www.australianmining.com.au/?p=165424 Action Drill and Blast (ADB) was last week awarded a $40 million contract to provide drilling and blasting services for mining contractor Macmahon Holdings at Newcrest Mining’s Telfer gold mine in Western Australia.

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Action Drill and Blast (ADB) was last week awarded a $40 million contract to provide drilling and blasting services for mining contractor Macmahon Holdings at Newcrest Mining’s Telfer gold mine in Western Australia.

The five-and-a-half-year contract is ADB’s second project win in the gold sector. The company is a subsidiary of ASX-listed services company, NRW Holdings.

Jules Pemberton, NRW managing director, commented: “Having proven to be very successful in other commodities it is pleasing to see Action Drill and Blast establish itself further in the gold sector.”

The Telfer mine, which produced 462,461 ounces of gold in the 2016 financial year, is about 400km from Port Hedland in the Pilbara region of WA.

Macmahon has been lead contractor at the operation since late 2015.

ADB’s latest contract win was announced a day after NRW unveiled that it had been awarded a $110 million contract for mine development, and drill and blast services at Altura Mining’s Pilgangoora lithium project in the Pilbara.

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