Queensland’s gas boom is set to continue with predictions that in the next two decades the industry will lift the state’s real gross domestic product by an average of $25 billion a year.
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Shell confirms Arrow LNG project on hold
A decision on whether to go ahead with a fourth LNG plant on Curtis Island is more than a year off as oil giant Shell confirms it will delay making any major financial investment decisions in 2014.
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Woodside posts record production but gas weighs on revenue
Woodside earned less revenue in 2013 despite posting a 2.5 per cent production increase.
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Gina Rinehart’s Roy Hill project gains boost from US government agency
Gina Rinehart’s Roy Hill iron ore project has received backing to the tune of $784 million from a US government agency on the condition it purchases U.S. mining and rail equipment from Caterpillar, GE, and Atlas Copco.
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Rinehart’s Roy Hill project gains another $1.2bn in funding
Gina Rinehart’s Roy Hill iron ore project is closing in on final investment approval after Korea Export-Import Bank agreed to offer up $1.12 billion for the mine’s development.
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Shareholders vote in favour of Perilya takeover
The owner of Broken Hill’s silver, lead and zinc mine is set to be purchased by its major Chinese investor in a deal worth $269.3 million after shareholders voted in favour of the takeover.
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Cape Alumina say mining ban is bad for foreign investment
Cape Alumina says the decision to ban mining over the Steve Irwin Wildlife Reserve has alienated foreign investors from China, Korea and Japan.
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Find out what QLD’s resources are worth to your community
Live in Queensland? Type in your postcode and see how mining contributes to your local area in a newly updated website by the Queensland Resources Council.
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Whitehaven Coal granted breathing space on $1.2 billion debt
Whitehaven Coal has been granted approval to amend its $1.2 billion debt facility due to delays in the development of its Maules Creek mine project.
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Gujarat receives a further $58m boost from Jindal
Jindal Steel has increased its stake in Gujarat NRE after investing a further $58 million into the company, adding a further 726 million shares its portfolio.
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New research to unlock “stranded” oil and gas fields
Engineers at the University of Western Australia are vying to improve the cost structure of Australia’s energy sector with new research into the foundations of deep-sea oil and gas pipeline infrastructure.
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50 jobs go as oil shale pilot plant closes
Around 50 workers will be axed from Gladstone’s oil shale demonstration facility as the plant goes into care and maintenance.
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More money could flow to Gujarat in multi-million dollar share deal
Gujarat NRE shares have been put on hold as the company tries to raise $58 million in a deal which would see Jindal Steel increase its stake in the company.
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Roy Hill awards $3bn worth of contracts as project go-ahead inches closer
Gina Rinehart’s Roy Hill iron ore project has awarded $3 billion worth of contracts for the development of the mine as the company moves closer to securing the $7 billion needed for its future.
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Rio Tinto launches new diamond marketing strategy in China
Rio Tinto has launched its latest diamond marketing program in China, stating that the growth in volume from its Argyle mine will help meet Asia’s growing demand for the precious mineral.
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POSCO offers $1.4bn collateral for Roy Hill project
Korean steel manufacturer POSCO has announced it will offer up its 12.5 per cent share in Roy Hill Holdings as collateral for the massive Pilbara iron ore project as moves to raise $7 billion in equity continue.
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World’s highest gold producing countries [INFO GRAPHIC]
This info graphic shows the top 10 countries by gold production, with Australia coming in at second behind China.
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Federal approval delayed for $15b Arrow LNG project
Federal approval for Arrow Energy’s $15 billion Curtis Island LNG plant has been delayed as Federal Environment Minister Greg Hunt takes more time assess the potential impacts of the project.
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Katter challenges Glencore on its future in Queensland
As GlencoreXstrata’s copper operations in Queensland’s north west remain under review, Federal MP Bob Katter is demanding answers from the multi-national miner on possible job losses and the future of its mines.
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$15b Arrow LNG project approved
Arrow Energy’s $15 billion LNG project has been granted state approval by the Queensland Government.
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