Graphite mining could be SA’s next big thing (0) March 27, 2013 A spate of new graphite discoveries on South Australia’s Eyre Peninsula has mining companies upbeat about future prospects for the region.
Mindax signs $52 million deal with Perpetual (0) March 27, 2013 Junior mining company Mindax has signed a $52 million deal with Hong Kong’s Perpetual Mining in a joint venture for the Mt Forrest Iron Project.
New CEO for Hunter Coal Chain (0) March 27, 2013 Orica executive Kirsten Molloy has been appointed as the new CEO of the Hunter Valley Coal Chain Coordinator.
Government scales down New Acland expansion (0) March 27, 2013 The Queensland Government has finished early regulatory work on the New Acland coal mine expansion, allowing New Hope to start an environmental assessment on the project.
Mining services group Aethon looks for IPO (0) March 26, 2013 Australian mining services provider Aethon Group is looking to raise up to $31.9 million in an initial public offering, according to documents seen by Deal Journal Australia.
Cambodian PM linked to BHP deal (0) March 26, 2013 A BHP Billiton mining deal being investigated for alleged corruption was overseen by Cambodian prime minister and strongman Hun Sen, diplomatic cables disclosed.
Gray won’t change mining tax (0) March 26, 2013 Newly appointed Federal Resources Minister Gary Gray has ruled out making any changes to the mining tax but has conceded it could’ve been handled better.
Global mining deals falling fast (0) March 26, 2013 The value of global mining deals fell 30 per cent in 2012, according to the latest deals report from PricewaterhouseCoopers.
New $8 billion mine for the NT (0) March 26, 2013 The Northern Territory has approved a new $8 billion ilmenite mine that is expected to be exporting ore within a month.
Roadshow to showcase mining jobs for indigenous Australians (0) March 26, 2013 Today’s Gidarjil Roadshow in Bundaberg promise to be a good opportunity for local indigenous people to learn about employment in the state’s booming energy sector.
$10bn gas plan for BHP and Exxon (0) March 26, 2013 BHP Billiton and Exxon Mobil are planning to kick off the approval process for a $10 billion dollar floating LNG project in WA.
Yancoal to pursue “aggressive” cost cutting (0) March 26, 2013 Chinese-owned coal miner Yancoal has announced plans to pursue “aggressive” cost reductions across its Australian sites in 2013.
Workers dodge positive drugs tests (13) March 26, 2013 Industry drug testers have raised concerns that workers are managing their illegal drug intake in a bid to escape getting caught out in tests.
Mining now Tasmania’s major employer (0) March 25, 2013 Following two years of significant growth, mining now earns about $1.7 billion, a figure which equates to over half the state’s exports.
Rio expanding driverless truck fleet (0) March 25, 2013 Rio Tinto is preparing to deploy eight more driverless trucks on its iron ore operations in Western Australia.
Xstrata train derails (0) March 25, 2013 An Xstrata Zinc train derailed over the weekend, spilling 21 carriages worth of zinc concentrate near Townsville.
Atlas close to securing rail deal with FMG (0) March 25, 2013 Atlas Iron is close to securing a deal that could see it gain access to Fortescue Metals Group’s rail line in the Pilbara, according to a Bank of America Merrill ...
Mining creating fewer jobs than transport (0) March 25, 2013 There are currently 110,500 people employed directly in WA’s mining industry. This is an increase of 1400 over the previous three months.
Failed leadership spill leaves resources portfolio wide open (0) March 25, 2013 Following last week’s leadership spill that wasn’t, a number of resignations from vocal Kevin Rudd supporters and the sacking of statesman Simon Crean, the Gillard Government has begun reshuffling key ...
Minerals Council welcomes new dust reduction programs (0) March 22, 2013 The NSW Minerals Council has welcomed the new dust Pollution Reduction Programs announced in Hunter Valley by NSW Environment Minister Robyn Parker.
Illegal gold mining leads to mercury contamination in Peru (0) March 22, 2013 A study of mercury contamination in a south-eastern Peruvian jungle found unsafe levels of the toxic metal in 78 percent of adults in the regional capital.
CSG on the agenda in New England poll (0) March 22, 2013 The coal seam gas industry is a contentious issue in New England and Nationals Senator Barnaby Joyce says he does not intend to ban coal seam gas exploration.
Labor leadership woes bad for business (0) March 22, 2013 Mining magnate Clive Palmer has joined the premiers of QLD and WA in warning that ongoing tension between Prime Minister Julia Gillard and Kevin Rudd is bad for business.
Government to retain renewable energy target (0) March 22, 2013 The nation will still aim to ensure 20 per cent of Australia’s electricity comes from renewable sources by 2020.
Mining loopholes for CSG (0) March 22, 2013 Rural councils can avoid new coal seam gas laws; a move the Greens say would breed corruption.
Call for Pacific mining activities to be managed sustainably (0) March 22, 2013 Pacific Island ministers and development experts have called on governments to ensure mining companies are environmentally responsible and comply with international transparency standards.
QLD miners to boost local content (0) March 22, 2013 Queensland mining and energy companies have committed to a voluntary code of practice designed to strengthen ties with suppliers and boost local content.
Bill Marmion new WA Mines Minister (0) March 22, 2013 Bill Marmion, Western Australia’s former Environment Minister, has been given the state’s Mines and Petroleum portfolio.
Underground worker injured in rock fall (0) March 22, 2013 An underground mine worker was seriously injured in a rock fall at La Mancha Resources’ Frog’s Leg gold mine yesterday.
Whitehaven cuts 40 coal jobs (11) March 22, 2013 Whitehaven Coal is laying off 40 employees from its Rocglen and Tarrawonga mines in north-west New South Wales.
Microfluidics the new way for precious metal recovery (0) March 21, 2013 Researchers at Murdoch University are taking a different route to make the recovery of high value precious metals faster and more economically viable.
Senior bureaucrats warned mining minister: ICAC (0) March 21, 2013 The NSW Independent Commission Against Corruption has heard former mining minister Ian Macdonald ignored official advice not to rush through a coal exploration licence in the Hunter Valley.
Rockhampton to host FIFO debate (0) March 21, 2013 A conference will he held in Rockhampton next week to discuss the issues surrounding FIFO workers in Central Queensland.
Skills shortage still hurting miners (860) March 21, 2013 Australian miners have been a victim of their own success, and low productivity linked to the skills shortage risks hurting the sector further, an industry collective says.
Roy Hill boss still confident on 2015 deadline (0) March 21, 2013 The boss of Gina Rinehart’s Roy Hill mine says the project is on track to ship iron ore by 2015, and Hancock Prospecting has “no reason to change that plan”.
Buying used heavy machinery: 4 professional tips (0) March 21, 2013 Ahead of this week’s Ritchie Bros opening used heavy equipment auction in Melbourne, Ferret took some time out to talk to the company’s regional sales manager Finlay Massey about what ...
Mining earnings down $6 billion (0) March 20, 2013 A leading authority on the resource industry says mining export earnings have crashed by $6 billion on the back of a volatile iron ore market.
GE spruiks industrial internet, wins Curtis maintenance contract (0) March 20, 2013 GE’s chairman and CEO Jeff Immelt has spoken of the need for Australia’s manufacturers to work productively and intelligently, and highlighted the benefits of the company’s “industrial internet” concept during ...
Rio and Xstrata slash 200 jobs (0) March 20, 2013 Rio Tinto and Xstrata have confirmed plans to slash around 100 jobs each as they try to stem losses from struggling coal mines in NSW and QLD.
BHP fined over worker’s death (0) March 20, 2013 BHP Billiton has been fined $130,000 for the death of a worker in Port Hedland.
Leadership change for explorers (19) March 20, 2013 The constant wave of leadership changes in the mining industry looks set to continue, with MOD Resources and Eclipse Metals both making changes to their executive teams.
Iron ore forecasts cut (0) March 20, 2013 Slowing global demand has resulted in banker Goldman Sachs cutting its iron ore price forecast estimates.
Enviro ferry servicing Curtis Island LNG (0) March 19, 2013 Six Transit Systems ferries that carry thousands of workers to and from LNG projects on Curtis Island have a new home, with the newly constructed Gladstone Berthing Facility opening today. ...
ICAC’s Doyles Creek inquiry hones in on former union boss (0) March 19, 2013 The corruption watchdog has this week heard the now notorious former mining minister Ian Macdonald awarded a mining licence in the New South Wales Hunter Valley which a former union ...
Qld uranium mining report welcomed by QRC (0) March 19, 2013 The Queensland Resources Council has welcomed a report into the possible recommencement of uranium mining in Queensland.
Miners to replace workers with machines (0) March 19, 2013 International mining executives believe the industry is on the cusp of a transformation that will see it move from a blue collar to white collar workforce, according to a new ...
Vale joins iron ore fray (0) March 19, 2013 Vale has weighed into an argument between China and the world’s iron ore miners by dismissing claims companies are reducing export quotas in order to push up commodity prices.
Rio may cut another 100 coal jobs (0) March 19, 2013 Rumours have emerged that Rio Tinto is eyeing a fresh round of redundancies at its Australian coal mines.
Most FIFOs aren’t miners: report (0) March 18, 2013 Miners make up less than a fifth of Australia’s FIFO and DIDO workforce, with most long distance commuters coming from the health, government, and construction industries, a study has found.
BC Iron boss steps down (0) March 18, 2013 Fledgling Pilbara iron ore miner BC Iron has annouced its managing director, Mike Young, will be stepping down in May.
Mining recovery underway: Fund boss (0) March 18, 2013 The CEO of Henderson Global Investors says the mining industry will re-strengthen over the next few years, and there’s still plenty of money to be made in the sector.
Prospector found dead in outback NSW (0) March 15, 2013 A missing prospector has been found dead and his companion has been taken to hospital after their 4WD became bogged in mud near Broken Hill in outback NSW.
Negotiations start for new QLD coal port (0) March 15, 2013 A group of coal producers in Queensland have started negotiation over access to the proposed Dudgeon Point port south of Dalrymple Bay.
Poll shows overwhelming support for Gillard’s 457 visa stance (0) March 15, 2013 A poll has revealed that 89 per cent of Australians believe that that mining companies should look for local workers before employing foreign workers on 457 visas.
Soviet sub hunt data used for seabed mining exploration (0) March 15, 2013 Lockheed Martin, one of the world’s largest military equipment manufacturers, is planning to use data from a cold war sub hunt for deep sea mining exploration.
Gold miner creates 120 jobs (0) March 15, 2013 Gold miner La Mancha Resources has announced massive expansion plans and will be launching a recruitment drive in order to double its WA Goldfields workforce.
Former Pike River mine boss cops local hostility (0) March 15, 2013 Hostility from Greymouth locals, administrative issues and travel problems are all reasons why Former Pike River Coal boss Peter Whittall wants his trial shifted to Wellington in New Zealand.
Xstrata set to double coal production in QLD (0) March 14, 2013 Xstrata is pushing ahead with its expansion of Rolleston coal mine in Queensland, signing a deal with Aurizon that will see haulage increase to 20 million tonnes per year.
Regions miss out on resources (0) March 14, 2013 Parts of regional New South Wales have missed out on Resources for Regions funding, resulting in NSW Labor calling for an overhaul of how the impacts of mining is assessed.
Mine expected to sidestep new legislation (0) March 14, 2013 Changes to the federal Environment Protection and Biodiversity Conservation Act announced by Environment Minister Tony Burke on Tuesday will afford increased protection to water resources.
Uranium group welcomes WA Liberals (0) March 14, 2013 The Australian Uranium Association says the Liberal victory in Western Australia has provided certainty for the state’s uranium sector.
Tinkler faces court over failed coal company (0) March 14, 2013 Nathan Tinkler has arrived at the NSW Supreme Court to face questions over his role in his failed company Muslanne Resources.
Drug abuse back in the spotlight (0) March 14, 2013 Mining workers in Queensland have again spoken out over a culture of drug abuse in fly-in fly-out camps, and police say illegal drug makers are specifically targeting the industry.
African president visits Mackay’s coal (0) March 14, 2013 The President of the Republic of Mozambique Armando Guebuza was in Mackay yesterday learning about coal export and infrastructure in the region as part of his Australian tour.
Rio committed to African iron ore (0) March 14, 2013 Despite the slow progress of Rio Tinto’s African Simandou iron ore project the company remains committed to its development.
Greens want coal terminal expansion stopped (0) March 14, 2013 The Greens have called on the Senate to block the construction of a fourth coal terminal at Kooragang Island amid growing public health concerns.
Fortescue again increases Nyidinghu resource (0) March 14, 2013 Fortescue Metals Group has again increased its iron ore resource at Nyidinghu, after uncovering an additional 450 million tonnes.
Ammonia leak at Orica Kooragang Island factory (0) March 14, 2013 Orica and the Environmental Protection Agency are investigating an ammonia leak that occurred at Orica’s Kooragang Island ammonia plant yesterday at approximately 1:15 pm.
Japan discovers subsea ‘fire ice’ (0) March 13, 2013 Japan’s recent successful extraction of methane hydrate, known as “fire ice”, from its seabed could secure the country’s future gas supply.
Federal Government moves to increase mine approval powers (0) March 13, 2013 Federal Government Environment Minister Tony Burke on Tuesday announced plans to increase powers around the approval and rejection of coal mine and coal seam gas projects.
Mining on show at Rockhampton Expo (0) March 13, 2013 CQ Transport, Trades and Mining Expo gets underway in Rockhampton today with over 400 companies promoting their businesses and products.
BHP facing bribery scandal (5) March 13, 2013 A joint US-Australian criminal investigation is eyeing “suspicious transactions” made by BHP Billiton to foreign officials during the 2008 Beijing Olympics.
Mine accident kills 21 in China (0) March 13, 2013 A gas blast at a coal mine in China’s southwest has killed 21 people, with a further four missing.
Thomson calls for coal export restrictions (0) March 13, 2013 Banning the exportation of coal mined from the New South Wales Wyong Valley is what former Labor minister, turned crossbencher Craig Thomson is calling for.
BHP moving toward “next generation” mining (0) March 13, 2013 BHP Billiton says it will focus on automated equipment and new technology as it moves toward “next generation mining”.
Excavator driver attacked by hornets (0) March 13, 2013 A man has been attacked by hornets after he rolled his excavator onto a nest in Western Australia’s Herron.
Protests block Whitehaven’s Tarrawonga mine (0) March 12, 2013 Jonathan Moylan, the protester behind the Whitehaven press release hoax earlier this year claims activists have stopped the transport of coal from the company’s Tarrawonga mine.
Safety award for WA contractor (0) March 12, 2013 Mining contractor Underground Services has been awarded WorkSafe WA’s highest honour after racking up 963 days without a lost time injury.
18,000 applicants for 1,000 mining jobs (0) March 12, 2013 Desperate applicants have flooded BMA with 18,000 applications for 1,100 roles on the Caval Ridge and Daunia mines near Moranbah.
Miner charged with murder (0) March 12, 2013 An employee at a New South Wales mine was yesterday charged with the murder of his girlfriend.
$6 billion port/rail project slated for QLD (0) March 12, 2013 Aurizon and Indian mining giant GVK have announced a partnership that will see them build $6 billion worth of rail and port infrastructure for mining projects in Queensland.
BHP looking to sell assets (0) March 12, 2013 BHP Billiton is looking to sell around 10 assets in order to simplify its portfolio and reduce debt.
Xstrata opts for safer brownfields projects (0) March 11, 2013 Mining giants across the nation are tending towards the conservative side when it comes to capital expenditure.
Claim Barminco failed to act on past safety breach (0) March 11, 2013 Following its sacking of the 15 miners involved in last week’s ‘Harlem Shake’ YouTube video, Barminco has been accused of turning a blind eye to another safety breach several years ...
Brierty awarded $15 million Atlas Iron project (0) March 11, 2013 Civil and mining contractor, Brierty Limited has received a notice of award to undertake its first contract for Atlas Iron Ore Limited.
WA’s Liberal landslide good for miners (0) March 11, 2013 Liberal’s win at the weekend’s Western Australian state election means resource companies will continue to receive state government support, industry commentators say.
Claims creek spill could have been avoided (0) March 11, 2013 According to a coalition of farmers and environmentalists recent discharges of sediment-laden stormwater from a Southern Tablelands gold mine could have been avoided if the company responsible hadn’t relied on ...
Action plan tackles housing affordability (14) March 11, 2013 The Queensland Government has released an action plan to tackle the housing affordability crisis in mining regions.
Liberal lobbyist pushes for coal mine approval (0) March 11, 2013 The controversial $800 million coal mine proposal for Wyong in New South Wales has received support from Liberal party identity Nick di Girolamo who has been lobbying on behalf of ...
Thiess wins $212 million Gorgon deal (0) March 11, 2013 Thiess has signed a new contract to deliver further civil works on the Chevron-operated Gorgon Project in Western Australia.
100 jobs on offer in Port Kembla (0) March 11, 2013 Engineering and project management firm Mainteck has won two major contracts that will see it double the size of its workforce.
Rio miner’s death undiscovered for 4 days (0) March 11, 2013 The death of a Rio Tinto employee that went undiscovered for almost four days after the man died in his donga in Western Australia’s North West has angered unions and ...
Government expected to rush new workplace changes through parliament (0) March 10, 2013 Federal workplace relations minister Bill Shorten is expected to make a statement today on an expansion of the Fair Work Commission’s powers, allowing them to arbitrate on things including disputes ...
Mining heavyweight tries to shut down ICAC inquiry (0) March 8, 2013 Mining heavyweight Travers Duncan has launched legal action aimed at shutting down the Independent Commission Against Corruption inquiry in which negative evidence was given about himself.
Mining manufacturer cuts more jobs (0) March 8, 2013 Queensland mining manufacturer CQMS Razer will slash another 60 jobs next week, building on the workforce reductions it made late last year.
World first mining laws for Bougainville (0) March 8, 2013 Papua New Guinea’s copper-rich island of Bougainville is aiming to introduce world first mining laws that would see traditional landowners share mineral rights with the government.
Miners manipulate the market: China (0) March 8, 2013 The Chinese Government has accused BHP Billiton and Rio Tinto of holding back iron ore shipments in order to cause an artificial boost in commodity prices.
Wandoan coal mine may not go ahead (0) March 8, 2013 Doubts have been raised over the future development of a coal mine near Wandoan on Queensland’s Western Down’s region.
Gender equality: Caltex chooses commitment over token gestures (0) March 8, 2013 The need to recruit more women in the mining sector has been flagged by the Minerals Council of Australia and the Federal Government’s recent Women in Leadership Census.
Lock the Gate wants tougher laws on mining (0) March 7, 2013 Anti mining group Lock the Gate is launching a national campaign calling for immediate law reforms for the mining industry.
The next phase of the mining boom is here: Swan (0) March 7, 2013 Treasurer Wayne Swan says new figures showing a jump in exports and growth in the economy prove the next stage of the mining boom is upon us.
New technology could “transform” ore processing (0) March 7, 2013 Researchers at Murdoch University have trialled a new technology they say could “transform” the mining process for platinum, palladium, and other precious metals.
New project to offer 400 mining jobs (0) March 7, 2013 Vale and Aquila Resources say they’ll be looking to hire around 500 construction workers and 400 miners once the Eagle Downs underground project opens near Moranbah next year.
Greenpeace protest Queensland’s coal industry (0) March 7, 2013 Greenpeace is preparing to protest against Queensland’s coal industry next month by bringing its ship, Rainbow Warrior, to the region.
Harlem Shake miner says sacking was ‘harsh’ (0) March 7, 2013 One of the miners sacked for doing the Harlem Shake has said he was a dedicated employee known for his strong work ethic.
Mining contractor killed on Queensland site (0) March 7, 2013 An Incitec Pivot contractor died late yesterday morning while working for the company on site in Queensland’s Mount Isa.
Rio Tinto fined for environmental infringement (0) March 6, 2013 Mining giant Rio Tinto has been fined for a breach of environmental regulations while releasing water from its Hail Creek mine during recent floods.
New Pilbara mine a step closer to reality (0) March 6, 2013 Flinders Mines has made a significant step toward making its Pilbara mining project a reality, with a spate of new contracts recently signed with Chinese steel mills.
Uranium industry will fight back: ERA (0) March 6, 2013 Energy Resources Australia says while demand for uranium has hit a low point, nuclear power will be an important part of future energy needs and the long term view for ...
Australian Mining award nominations open (0) March 6, 2013 Nominations are now open for the 2013 Australian Mining Prospect Awards which is now in its tenth year of recognising and rewarding the best in the mining industry.
FMG kicks off mining tax challenge (0) March 6, 2013 Fortescue Metals Group is set to appear before the High Court in Canberra today to kick off its long-awaited challenge to the mining tax.
Explosives found in miner’s home (0) March 6, 2013 Explosive uncovered in a miner’s unit in South Australia have been safely detonated.
Mt Gordon copper mine to close (0) March 6, 2013 Aditya Birla Minerals’ Mt Gordon copper mine will be placed under care and maintenance mode at the end of April 2013.
Gold quarterly review (0) March 6, 2013 Gold remains strong for the last quarter, despite a decline in production.
Electronics in mining: protective enclosures (20) March 6, 2013 With the continued opportunities afforded by the mining industry in Australia, many electronics manufacturers are engineering products for use in mines.
Safety in Action is only a fortnight away (0) March 6, 2013 This year’s Safety In Action – including everything you need to know if you’re serious about workplace health and safety – is only two weeks away.
Resource Pacific ordered to pay compo (0) March 5, 2013 Resource Pacific has lost its appeal against a miner’s compensation claim, after incidents at the company’s Ravensworth mine resulted in the employee suffering a psychiatric illness.
Enviros apologise to Palmer for ‘unfounded’ claims (0) March 5, 2013 The World Wildlife Fund has withdrawn its comments and apologised for ‘unfounded’ claims made about Clive Palmer’s nickel refinery in north Queensland.
Sacked Harlem Shake miners split social media (0) March 5, 2013 Social media opinion across Australia is divided after 15 mine workers were sacked for doing the Harlem Shake dance craze while working underground.
Battle over site ‘desecration’ continues (0) March 5, 2013 Mining junior OM Manganese has reinforced claims it damaged but did not desecrate an Aboriginal site in the Northern Territory, the Darwin Magistrates Court has heard.
Pay cut for new Boart boss (0) March 5, 2013 The new CEO of Boart Longyear, Richard O’Brien, will take a paycut close to 40 per cent on his previous position as Newmont Mining CEO.
Massive $3bn mine planned for QLD (0) March 5, 2013 A Chinese coal producer is drawing up plans that could see it create a $3 billion mine in Queensland that would dwarf Australia’s biggest black coal developments.
Rinehart’s son-in-law told to quit Mineral Resources (0) March 4, 2013 Gina Rinehart’s son-in-law was asked to resign from the board of Perth mining company Mineral Resources the month after his wife commenced legal action against her mining magnate mother.
Rio makes further cuts in Africa (0) March 4, 2013 Plunging uranium prices have forced Rio Tinto to cut 17 per cent of the workforce at its Roessing uranium mine in Namibia.
Tinkler’s wealth takes another dive (0) March 4, 2013 Former billionaire Nathan Tinkler has seen his embattled wealth take another hit following the fall of Whitehaven Coal’s share price which is currently nearing four-year lows.
Mine expansion denied amid community concern (0) March 4, 2013 Berrima Colliery’s plan to extend its coalmining operations to 2020 has been refused after locals complained about noise and traffic from coal-hauling trucks.
New CEO for Lynas (0) March 4, 2013 Lynas Corporation CEO Nicholas Curtis is set to step down at the end of this month, as the company moves into rare earths production.
Environmentalist escapes jail (0) March 4, 2013 An environmentalist has escaped jail after charges against her were thrown out of the Narrabri Local Court.
11 killed in Chinese coal mine fire (0) March 4, 2013 A fire at a coal mine located in China’s north has killed eleven employees, two workers remain missing.
Mining wages unsustainable: QRC (0) March 4, 2013 The Queensland Resources Council has echoed mining magnate Gina Rinehart’s recent claims, announcing the mining sector’s high wages are unsustainable.
Perilya to open new mine at Broken Hill (0) March 1, 2013 Perilya is set to start production later this month at its Potosi silver, lead, and zinc mine near Broken Hill.
Griffin cuts coal jobs (0) March 1, 2013 Griffin Coal has axed 17 workers from its Collie coal operation less than a month after it claimed it was not looking at reducing staff numbers.
Native seeds used to rehabilitate mine (0) March 1, 2013 Rio Tinto subsidiary Coal and Allied are using the latest agricultural technology to plant a blend of native grass seeds over 80 hectares of rehabilitated mining land.
Land released for exploration (0) March 1, 2013 The Queensland government is planning to release three new areas of greenfield land in the north-west of the state for mineral exploration, creating potential jobs in the region.
Timely information key for mine site safety (0) March 1, 2013 Safety above profit is commonly exclaimed as mining company’s priority order, but what is really being done to ensure this?
Mining slowdown dents business spend (0) February 28, 2013 A slowdown in the mining sector has contributed to an unexpected drop in business investment, new figures from the Australian Bureau of Statistics show.
Vale wipes $1bn off Aussie coal (0) February 28, 2013 Brazilian mining giant Vale has written down its Australian coal assets by $1 billion and posted a record quarterly loss.
Opencast plans for Pike River mine (0) February 28, 2013 Officials are investigating a proposal to turn Pike River mine into an opencast coal pit.
Xstrata declares “zero tolerance” on synthetic drugs (0) February 28, 2013 Xstrata officials in north Queensland have taken a “zero tolerance” approach to synthetic drug use in the mining industry following warnings from police about the region’s problems.
UGL slashes over 1000 jobs (0) February 28, 2013 Mining services company UGL has announced over 1000 jobs will be cut after its earnings guidance was yesterday downgraded.
New Tarkine mine to create 1000 jobs (0) February 28, 2013 A third new mining project in Tasmania’s Tarkine region is likely to gain approval soon, Premier Lara Giddings said.
Lynas beats doubters, produces first rare earths (0) February 27, 2013 Lynas Corporation has overcome legal battles and environmental activists to produce its first rare earths products from its Malaysian processing plant.
Metal used to create lifelike cells (0) February 27, 2013 Living cells have been made of metal instead of carbon, and one British researcher thinks the creations they may be evolving.
Rio under pressure as S&P downgrades its outlook rating (0) February 27, 2013 Rio Tinto’s mounting debt levels have prompted ratings agency Standard & Poor’s to downgrade the mining juggernaut’s credit rating outlook from stable to negative.
Nine coal mines accused of breaching environmental rules (0) February 27, 2013 A total of nine coal mines in Central Queensland have been accused of breaching environmental conditions after dumping affected water into rivers this year
Greens urge unions to fight coal (0) February 27, 2013 Greens senator Richard Di Natale has declared union boss Paul Howes needs to acknowledge the health dangers of the coal industry poses in an effort to protect the public.
Mining slowdown felt by Ausdrill (0) February 27, 2013 Ausdrill have reported a 12 per cent profit fall amid a slowdown in the mining sector.
Xstrata posts production records across the board (0) February 27, 2013 Xstrata has posted new production records for its thermal coal, nickel, and zinc operations, but says copper production has dropped 16 per cent.
Pilbara on red alert (21) February 27, 2013 Western Australia’s Pilbara region is on red alert as the severe “slow-moving and erratic” tropical cyclone Rusty edges closer to the coastline.
Iron ore prices to crash soon: UBS (0) February 27, 2013 The iron ore price may slump 54 per cent to around $US70 a tonne due to a big lift in supply from mining companies, according to UBS analysts.
Katter defends mining from Greens assault (0) February 27, 2013 The Greens say the mining industry is crippling Queensland’s agriculture and mining sectors by pushing up the Australian dollar.
“Twiggy” fights attempts to mine his family farm (0) February 26, 2013 Iron-ore mogul Andrew “Twiggy” Forrest is fighting attempts to mine his personal cattle station in Western Australia’s Pilbara.
Mitch Hooke resigns (11) February 26, 2013 Minerals Council of Australia chief Mitch Hooke will step down at the end of this year after deciding not to renew his contract.
Miners need a lesson in supply and demand: Glencore (0) February 26, 2013 Glencore chief has criticised mining CEOS for saturating the industry with new mines, leading to a surplus in metals and shrinking profits.
Gina Rinehart reignites foreign worker debate (0) February 26, 2013 Mining tycoon Gina Rinehart has once again flagged cheap foreign labour as a threat to Australian jobs in the mining industry.
Nuclear debate pushed in QLD (0) February 26, 2013 Politicians in Queensland’s North West have thrown their support behind opening up the nuclear energy debate amid soaring electricity costs.
Legal threats over Wyong mine (0) February 26, 2013 A long running battle over a proposed underground coal mine on the NSW Central Coast has reignited with residents threatening to take legal action.
Miners cost farmers $61.5 billion (0) February 25, 2013 The mining boom has cost farmers $61.5 billion in export income after pushing the Australian dollar to historic highs, according to research from left-leaning think tank The Australia Institute.
NT uni to boost number of mining tradespeople (0) February 25, 2013 Charles Darwin University has received a $21.3 million grant from Canberra to build a new trades facility aimed at training workers for the mining and energy sectors.
Miners asked to hand over Kimberley leases (0) February 25, 2013 Miners will be asked to give up leases on the Mitchell Plateau under the WA Opposition’s plans to establish national parks in the Kimberley region.
Monadelphous win Rio Tinto iron ore contract (0) February 25, 2013 Monadelphous has been awarded a $260 million construction contract for Rio Tinto’s Western Turner Brockman project.
Cyclone closes Pilbara ports (0) February 25, 2013 Major iron ore ports in the Pilbara have been closed as tropical cyclone Rusty bears down on Western Australia’s north-west coast.
Plans to re-enter Pike River mine (0) February 25, 2013 A panel of mining experts will meet in Christchurch tomorrow to work on a plan to re-enter Pike River coalmine.
NT reports “uncontrolled discharge” from mine (0) February 25, 2013 The Northern Territory’s environmental watchdog has reported an “uncontrolled discharge” from Vista Gold’s Mount Todd mine north of Katherine.
Mining growth to fall: Kloppers (0) February 25, 2013 Outgoing BHP Billiton boss Marius Kloppers says growth in the mining industry will slow over the next five years and companies will need to cut costs in order to stay ...
Mine managers could face jail over site deaths (0) February 25, 2013 The WA Government is considering changes to legislation that could see mine managers sent to jail if workers die on site.
Kloppers’ $75m exit strategy (0) February 22, 2013 Exiting BHP Billiton chief executive Marius Kloppers will take a payout of cash, shares and performance rights worth up to $75.2 million at current prices.
A spate of new graphite discoveries on South Australia’s Eyre Peninsula has mining companies upbeat about future prospects for the region.
Junior mining company Mindax has signed a $52 million deal with Hong Kong’s Perpetual Mining in a joint venture for the Mt Forrest Iron Project.
Orica executive Kirsten Molloy has been appointed as the new CEO of the Hunter Valley Coal Chain Coordinator.
The Queensland Government has finished early regulatory work on the New Acland coal mine expansion, allowing New Hope to start an environmental assessment on the project.
Australian mining services provider Aethon Group is looking to raise up to $31.9 million in an initial public offering, according to documents seen by Deal Journal Australia.
A BHP Billiton mining deal being investigated for alleged corruption was overseen by Cambodian prime minister and strongman Hun Sen, diplomatic cables disclosed.
The Queensland government has approved a 600 km gas pipeline to be built from the Surat and Bowen basins to Gladstone.
Newly appointed Federal Resources Minister Gary Gray has ruled out making any changes to the mining tax but has conceded it could’ve been handled better.
The value of global mining deals fell 30 per cent in 2012, according to the latest deals report from PricewaterhouseCoopers.
The Northern Territory has approved a new $8 billion ilmenite mine that is expected to be exporting ore within a month.
Today’s Gidarjil Roadshow in Bundaberg promise to be a good opportunity for local indigenous people to learn about employment in the state’s booming energy sector.
BHP Billiton and Exxon Mobil are planning to kick off the approval process for a $10 billion dollar floating LNG project in WA.
Chinese-owned coal miner Yancoal has announced plans to pursue “aggressive” cost reductions across its Australian sites in 2013.
Industry drug testers have raised concerns that workers are managing their illegal drug intake in a bid to escape getting caught out in tests.
Following two years of significant growth, mining now earns about $1.7 billion, a figure which equates to over half the state’s exports.
Rio Tinto is preparing to deploy eight more driverless trucks on its iron ore operations in Western Australia.
An Xstrata Zinc train derailed over the weekend, spilling 21 carriages worth of zinc concentrate near Townsville.
Atlas Iron is close to securing a deal that could see it gain access to Fortescue Metals Group’s rail line in the Pilbara, according to a Bank of America Merrill ...
There are currently 110,500 people employed directly in WA’s mining industry. This is an increase of 1400 over the previous three months.
Following last week’s leadership spill that wasn’t, a number of resignations from vocal Kevin Rudd supporters and the sacking of statesman Simon Crean, the Gillard Government has begun reshuffling key ...
The NSW Minerals Council has welcomed the new dust Pollution Reduction Programs announced in Hunter Valley by NSW Environment Minister Robyn Parker.
A study of mercury contamination in a south-eastern Peruvian jungle found unsafe levels of the toxic metal in 78 percent of adults in the regional capital.
The coal seam gas industry is a contentious issue in New England and Nationals Senator Barnaby Joyce says he does not intend to ban coal seam gas exploration.
Mining magnate Clive Palmer has joined the premiers of QLD and WA in warning that ongoing tension between Prime Minister Julia Gillard and Kevin Rudd is bad for business.
The nation will still aim to ensure 20 per cent of Australia’s electricity comes from renewable sources by 2020.
Rural councils can avoid new coal seam gas laws; a move the Greens say would breed corruption.
Pacific Island ministers and development experts have called on governments to ensure mining companies are environmentally responsible and comply with international transparency standards.
Queensland mining and energy companies have committed to a voluntary code of practice designed to strengthen ties with suppliers and boost local content.
Bill Marmion, Western Australia’s former Environment Minister, has been given the state’s Mines and Petroleum portfolio.
An underground mine worker was seriously injured in a rock fall at La Mancha Resources’ Frog’s Leg gold mine yesterday.
Whitehaven Coal is laying off 40 employees from its Rocglen and Tarrawonga mines in north-west New South Wales.
Researchers at Murdoch University are taking a different route to make the recovery of high value precious metals faster and more economically viable.
The NSW Independent Commission Against Corruption has heard former mining minister Ian Macdonald ignored official advice not to rush through a coal exploration licence in the Hunter Valley.
A conference will he held in Rockhampton next week to discuss the issues surrounding FIFO workers in Central Queensland.
The boss of Gina Rinehart’s Roy Hill mine says the project is on track to ship iron ore by 2015, and Hancock Prospecting has “no reason to change that plan”.
Over $25 million worth of mining and industrial equipment and machinery was yesterday auctioned at Ritchie Bros. Victorian site.
The new company will take on Apollo’s iron tenements in WA and SA while Apollo will retain its base metals interests.
A leading authority on the resource industry says mining export earnings have crashed by $6 billion on the back of a volatile iron ore market.
GE’s chairman and CEO Jeff Immelt has spoken of the need for Australia’s manufacturers to work productively and intelligently, and highlighted the benefits of the company’s “industrial internet” concept during ...
BHP Billiton has been fined $130,000 for the death of a worker in Port Hedland.
The constant wave of leadership changes in the mining industry looks set to continue, with MOD Resources and Eclipse Metals both making changes to their executive teams.
Slowing global demand has resulted in banker Goldman Sachs cutting its iron ore price forecast estimates.
Six Transit Systems ferries that carry thousands of workers to and from LNG projects on Curtis Island have a new home, with the newly constructed Gladstone Berthing Facility opening today. ...
The corruption watchdog has this week heard the now notorious former mining minister Ian Macdonald awarded a mining licence in the New South Wales Hunter Valley which a former union ...
The NT government is unsatisfied with the fact that there have been so few new mining projects in the past few years.
Sir Bob Geldof says that Western Australia needs to diversify its economy and can’t rely solely on the riches of the mining boom.
The Queensland Resources Council has welcomed a report into the possible recommencement of uranium mining in Queensland.
International mining executives believe the industry is on the cusp of a transformation that will see it move from a blue collar to white collar workforce, according to a new ...
Vale has weighed into an argument between China and the world’s iron ore miners by dismissing claims companies are reducing export quotas in order to push up commodity prices.
Rumours have emerged that Rio Tinto is eyeing a fresh round of redundancies at its Australian coal mines.
Sundance Resources chief George Jones says the mining industry has a responsibility to do more work in the community.
The Queensland Government has no further plans to sell its stake in Australia’s largest coal transporter, Aurizon Holdings.
The peak mining organisation has launched a campaign to defend coal seam gas extraction from opposition by environmental activists.
Miners make up less than a fifth of Australia’s FIFO and DIDO workforce, with most long distance commuters coming from the health, government, and construction industries, a study has found.
Fledgling Pilbara iron ore miner BC Iron has annouced its managing director, Mike Young, will be stepping down in May.
Gina Rinehart’s Roy Hill project is set to announce its preferred engineering and procurement contractor in coming days.
The CEO of Henderson Global Investors says the mining industry will re-strengthen over the next few years, and there’s still plenty of money to be made in the sector.
A missing prospector has been found dead and his companion has been taken to hospital after their 4WD became bogged in mud near Broken Hill in outback NSW.
A group of coal producers in Queensland have started negotiation over access to the proposed Dudgeon Point port south of Dalrymple Bay.
A poll has revealed that 89 per cent of Australians believe that that mining companies should look for local workers before employing foreign workers on 457 visas.
Gold miner La Mancha Resources has announced massive expansion plans and will be launching a recruitment drive in order to double its WA Goldfields workforce.
Hostility from Greymouth locals, administrative issues and travel problems are all reasons why Former Pike River Coal boss Peter Whittall wants his trial shifted to Wellington in New Zealand.
Xstrata is pushing ahead with its expansion of Rolleston coal mine in Queensland, signing a deal with Aurizon that will see haulage increase to 20 million tonnes per year.
Parts of regional New South Wales have missed out on Resources for Regions funding, resulting in NSW Labor calling for an overhaul of how the impacts of mining is assessed.
Changes to the federal Environment Protection and Biodiversity Conservation Act announced by Environment Minister Tony Burke on Tuesday will afford increased protection to water resources.
The Australian Uranium Association says the Liberal victory in Western Australia has provided certainty for the state’s uranium sector.
Mining workers in Queensland have again spoken out over a culture of drug abuse in fly-in fly-out camps, and police say illegal drug makers are specifically targeting the industry.
The President of the Republic of Mozambique Armando Guebuza was in Mackay yesterday learning about coal export and infrastructure in the region as part of his Australian tour.
Despite the slow progress of Rio Tinto’s African Simandou iron ore project the company remains committed to its development.
The Greens have called on the Senate to block the construction of a fourth coal terminal at Kooragang Island amid growing public health concerns.
Fortescue Metals Group has again increased its iron ore resource at Nyidinghu, after uncovering an additional 450 million tonnes.
Japan’s recent successful extraction of methane hydrate, known as “fire ice”, from its seabed could secure the country’s future gas supply.
Federal Government Environment Minister Tony Burke on Tuesday announced plans to increase powers around the approval and rejection of coal mine and coal seam gas projects.
Today marks the release of sustainability magazine Stream’s first 2013 edition.
The CSIRO has begun testing new technology that could unlock 70 per cent of the world’s nickel supply.
CQ Transport, Trades and Mining Expo gets underway in Rockhampton today with over 400 companies promoting their businesses and products.
A gas blast at a coal mine in China’s southwest has killed 21 people, with a further four missing.
Banning the exportation of coal mined from the New South Wales Wyong Valley is what former Labor minister, turned crossbencher Craig Thomson is calling for.
A survivor of the Fukushima nuclear accident wants the QLD government to reinstate its ban on uranium mining.
A man has been attacked by hornets after he rolled his excavator onto a nest in Western Australia’s Herron.
A coal train driver has reported a near miss with a crop duster plane in Queensland.
Strong performer Sirius Resources has become Australia’s newest billion-dollar company.
Jonathan Moylan, the protester behind the Whitehaven press release hoax earlier this year claims activists have stopped the transport of coal from the company’s Tarrawonga mine.
Stanmore Coal has announced plans for an $869 million underground longwall mine in Queensland with first coal expected to hit the market in 2017.
Mining contractor Underground Services has been awarded WorkSafe WA’s highest honour after racking up 963 days without a lost time injury.
An employee at a New South Wales mine was yesterday charged with the murder of his girlfriend.
Aurizon and Indian mining giant GVK have announced a partnership that will see them build $6 billion worth of rail and port infrastructure for mining projects in Queensland.
Mining giants across the nation are tending towards the conservative side when it comes to capital expenditure.
Following its sacking of the 15 miners involved in last week’s ‘Harlem Shake’ YouTube video, Barminco has been accused of turning a blind eye to another safety breach several years ...
Civil and mining contractor, Brierty Limited has received a notice of award to undertake its first contract for Atlas Iron Ore Limited.
Liberal’s win at the weekend’s Western Australian state election means resource companies will continue to receive state government support, industry commentators say.
According to a coalition of farmers and environmentalists recent discharges of sediment-laden stormwater from a Southern Tablelands gold mine could have been avoided if the company responsible hadn’t relied on ...
The Queensland Government has released an action plan to tackle the housing affordability crisis in mining regions.
The controversial $800 million coal mine proposal for Wyong in New South Wales has received support from Liberal party identity Nick di Girolamo who has been lobbying on behalf of ...
Engineering and project management firm Mainteck has won two major contracts that will see it double the size of its workforce.
The death of a Rio Tinto employee that went undiscovered for almost four days after the man died in his donga in Western Australia’s North West has angered unions and ...
Mining heavyweight Travers Duncan has launched legal action aimed at shutting down the Independent Commission Against Corruption inquiry in which negative evidence was given about himself.
Queensland mining manufacturer CQMS Razer will slash another 60 jobs next week, building on the workforce reductions it made late last year.
Papua New Guinea’s copper-rich island of Bougainville is aiming to introduce world first mining laws that would see traditional landowners share mineral rights with the government.
Doubts have been raised over the future development of a coal mine near Wandoan on Queensland’s Western Down’s region.
The need to recruit more women in the mining sector has been flagged by the Minerals Council of Australia and the Federal Government’s recent Women in Leadership Census.
The NSW mining awards for women were held in Sydney last night, celebrating the breadth of female talent across the industry.
Anti mining group Lock the Gate is launching a national campaign calling for immediate law reforms for the mining industry.
Treasurer Wayne Swan says new figures showing a jump in exports and growth in the economy prove the next stage of the mining boom is upon us.
Researchers at Murdoch University have trialled a new technology they say could “transform” the mining process for platinum, palladium, and other precious metals.
Greenpeace is preparing to protest against Queensland’s coal industry next month by bringing its ship, Rainbow Warrior, to the region.
One of the miners sacked for doing the Harlem Shake has said he was a dedicated employee known for his strong work ethic.
Aurizon has secured a contract for the haulage of up to 65 million tonnes per annum (mtpa) of coal from mine operations in Queensland.
An Incitec Pivot contractor died late yesterday morning while working for the company on site in Queensland’s Mount Isa.
Mining giant Rio Tinto has been fined for a breach of environmental regulations while releasing water from its Hail Creek mine during recent floods.
Flinders Mines has made a significant step toward making its Pilbara mining project a reality, with a spate of new contracts recently signed with Chinese steel mills.
Nominations are now open for the 2013 Australian Mining Prospect Awards which is now in its tenth year of recognising and rewarding the best in the mining industry.
Fortescue Metals Group is set to appear before the High Court in Canberra today to kick off its long-awaited challenge to the mining tax.
Explosive uncovered in a miner’s unit in South Australia have been safely detonated.
Aditya Birla Minerals’ Mt Gordon copper mine will be placed under care and maintenance mode at the end of April 2013.
Gold remains strong for the last quarter, despite a decline in production.
Resource Pacific has lost its appeal against a miner’s compensation claim, after incidents at the company’s Ravensworth mine resulted in the employee suffering a psychiatric illness.
Protesters take on NZ dairy company Fonterra over proposed coal mine.
The World Wildlife Fund has withdrawn its comments and apologised for ‘unfounded’ claims made about Clive Palmer’s nickel refinery in north Queensland.
Claims that the opal mining industry is at risk due to over regulation has been attacked by NSW Farmers.
Social media opinion across Australia is divided after 15 mine workers were sacked for doing the Harlem Shake dance craze while working underground.
Mining junior OM Manganese has reinforced claims it damaged but did not desecrate an Aboriginal site in the Northern Territory, the Darwin Magistrates Court has heard.
The new CEO of Boart Longyear, Richard O’Brien, will take a paycut close to 40 per cent on his previous position as Newmont Mining CEO.
Santos has commenced preparations for tunneling under Gladstone Harbour with the arrival of a 277 tonne tunneling machine.
Plunging uranium prices have forced Rio Tinto to cut 17 per cent of the workforce at its Roessing uranium mine in Namibia.
Former billionaire Nathan Tinkler has seen his embattled wealth take another hit following the fall of Whitehaven Coal’s share price which is currently nearing four-year lows.
Berrima Colliery’s plan to extend its coalmining operations to 2020 has been refused after locals complained about noise and traffic from coal-hauling trucks.
Lynas Corporation CEO Nicholas Curtis is set to step down at the end of this month, as the company moves into rare earths production.
A fire at a coal mine located in China’s north has killed eleven employees, two workers remain missing.
The Queensland Resources Council has echoed mining magnate Gina Rinehart’s recent claims, announcing the mining sector’s high wages are unsustainable.
Perilya is set to start production later this month at its Potosi silver, lead, and zinc mine near Broken Hill.
Griffin Coal has axed 17 workers from its Collie coal operation less than a month after it claimed it was not looking at reducing staff numbers.
The Queensland government is planning to release three new areas of greenfield land in the north-west of the state for mineral exploration, creating potential jobs in the region.
Safety above profit is commonly exclaimed as mining company’s priority order, but what is really being done to ensure this?
Officials are investigating a proposal to turn Pike River mine into an opencast coal pit.
Mining services company UGL has announced over 1000 jobs will be cut after its earnings guidance was yesterday downgraded.
Leighton Holdings today announced the purchase of ten Macmahon Holdings construction project has been approved by Macmahon shareholders.
Living cells have been made of metal instead of carbon, and one British researcher thinks the creations they may be evolving.
Rio Tinto’s mounting debt levels have prompted ratings agency Standard & Poor’s to downgrade the mining juggernaut’s credit rating outlook from stable to negative.
A total of nine coal mines in Central Queensland have been accused of breaching environmental conditions after dumping affected water into rivers this year
Greens senator Richard Di Natale has declared union boss Paul Howes needs to acknowledge the health dangers of the coal industry poses in an effort to protect the public.
Ausdrill have reported a 12 per cent profit fall amid a slowdown in the mining sector.
Western Australia’s Pilbara region is on red alert as the severe “slow-moving and erratic” tropical cyclone Rusty edges closer to the coastline.
Whitehaven Coal is viewing its expenditure on future projects as the company posted a net loss of $47 million.
The Greens say the mining industry is crippling Queensland’s agriculture and mining sectors by pushing up the Australian dollar.
The Senate has voted to hold another inquiry into the Federal Government’s mining tax which has come in short of projections.
Iron-ore mogul Andrew “Twiggy” Forrest is fighting attempts to mine his personal cattle station in Western Australia’s Pilbara.
Minerals Council of Australia chief Mitch Hooke will step down at the end of this year after deciding not to renew his contract.
Glencore chief has criticised mining CEOS for saturating the industry with new mines, leading to a surplus in metals and shrinking profits.
Mining tycoon Gina Rinehart has once again flagged cheap foreign labour as a threat to Australian jobs in the mining industry.
Politicians in Queensland’s North West have thrown their support behind opening up the nuclear energy debate amid soaring electricity costs.
Western New South Wales councils have moved to lobby the State Government for a bigger cut of mining royalties.
A long running battle over a proposed underground coal mine on the NSW Central Coast has reignited with residents threatening to take legal action.
Severe tropical cyclone Rusty is continuing to intensify as it closes in on the Pilbara coast.
GR Engineering has won a $16 million contract at Saracen’s Carosue Dam project.
Charles Darwin University has received a $21.3 million grant from Canberra to build a new trades facility aimed at training workers for the mining and energy sectors.
Miners will be asked to give up leases on the Mitchell Plateau under the WA Opposition’s plans to establish national parks in the Kimberley region.
Monadelphous has been awarded a $260 million construction contract for Rio Tinto’s Western Turner Brockman project.
The RACQ North Queensland rescue helicopter was called to a remote mine site south east of Mount Isa after an underground mine accident on Saturday.
Trucks haven been attacked with explosives during a Colombian mine strike.
BHP has again locked mining supervisors out of its Appin coal mine over an ongoing pay dispute.
Major iron ore ports in the Pilbara have been closed as tropical cyclone Rusty bears down on Western Australia’s north-west coast.
A panel of mining experts will meet in Christchurch tomorrow to work on a plan to re-enter Pike River coalmine.
The Northern Territory’s environmental watchdog has reported an “uncontrolled discharge” from Vista Gold’s Mount Todd mine north of Katherine.
Outgoing BHP Billiton boss Marius Kloppers says growth in the mining industry will slow over the next five years and companies will need to cut costs in order to stay ...
BelAZ has launched its 240 tonne and 360 tonne mining trucks into Australia today.
Exiting BHP Billiton chief executive Marius Kloppers will take a payout of cash, shares and performance rights worth up to $75.2 million at current prices.