Rental prices in the Surat and Bowen basins have marginally decreased in some towns but are still higher than market price.
A downturn in the mining sector is flowing through to the industry’s service sector with projects being shelved or scrapped, and austerity measures in full swing.
Tremors were recorded west of Mackay in north Queensland around 4:30pm yesterday near the Hail Creek Mine in the Bowen Basin.
GlencoreXstrata has announced that a cut back in production will see 450 people from Newlands and Oaky Creek mines lose their jobs by the end of 2013.
Poor conditions in the coal industry continue to hamper mining developments as North Queensland Bulk Ports delay their Dudgeon Point Coal Terminal project.
After four years Perth based explorer Liberty has been granted a coal exploration licence in Queensland’s Bowen Basin.
Queensland’s coal sector troubles has today once again reared its ugly head with Anglo American announcing its Aquila coal mine will go into care and maintenance mode from July 30.
BHP Billiton Mitsubishi Alliance’s Daunia mine has begun pulling coal from Central Queensland’s Bowen Basin.
A company proposing a coal project 22 kilometres west of Emerald said they want to employ locals and not FIFO workers if the mine gets the go ahead.
BHP’s decision to use a 100 per cent FIFO workforce instead of hiring from inside the local Central Queensland community, has enraged locals, the unions as well as the wider mining community at large.
Mining company Bandanna Energy said it will proceed with a coal project in central Queensland’s Bowen Basin despite a slowdown in the resources sector.
Analysts expect Rio Tinto and BHP Billiton to post weaker production results for the March quarter after a spate of cyclones disrupted operations in WA and QLD.
The CFMEU has expressed concern about the safety of cars used on BMA mine sites in Queensland.
Both sides of politics have expressed doubt over the viability of building a new $12 billion coal port south of Mackay, which is also opposed by environmentalists.
BMA has committed $330,000 over three years to Central Queensland’s RACQ Helicopter Rescue service.
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.
Chinese-owned coal miner Yancoal has announced plans to pursue “aggressive” cost reductions across its Australian sites in 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.
Rumours have emerged that Rio Tinto is eyeing a fresh round of redundancies at its Australian coal mines.
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.