Archived News for Industry Professionals
Resource-related construction demand is tipped to significantly boost the engineering and commercial construction sectors over the next two years, according to findings published by the Australian Industry Group.
The Australian Industry Group/Australian Constructors Association Outlook Survey anticipates that after lifting 6.3% in 2010/11 (current prices), the total value of engineering and commercial construction work will expand by 10.3% in 2011/12 before lifting a further 12.0% the following year.
AI anticipates that growth will be largely fuelled by significant mining investments and the increasingly strong pipelines of heavy industry projects, including oil and gas processing.
Mining company to pay $1.45 million for environmental damage
Centennial Coal has been ordered to pay $1.45 million after its mining operations on the Newnes Plateau inflicted significant damage to the temperate highland peat swamps on sandstone ecological community.
WA Government approves Oakajee railway corridor
The Western Australian Government has approved a 570 kilometre railway corridor that will connect the state’s Mid-West iron ore projects to the proposed deepwater port at Oakajee.
More funding for Illawarra resources rail link
The Federal Government has outlined an additional $25.5 million to advance the Maldon to Dombarton rail link in the Illawarra region in New South Wales.
Economic report praises resources sector
Deloitte has published its Asia Pacific Economic Outlook report, which found that Australia’s economic recovery is slower than anticipated.
Rio Tinto ups Guinea investment
Mining giant Rio Tinto has announced a further US$211 million for continued studies and US$1.1 billion of funding commitments for early works and procurement of long-lead items for its Simandou project in Guinea.
BHP Billiton posts healthy rises in first quarter
Mining giant BHP Billiton has posted healthy increases to its iron ore and petroleum production in the first quarter of the financial year, despite an overall fall in base metal output.
Abigroup secures Rio Tinto framework agreement
Construction and engineering specialist Abirgoup has secured a framwork agreement with Rio Tinto over the rail formation work in the Pilbara region./
Fortescue open to joint port venture with Aquila
After a bumper season that saw the company post a record quarterly export figure, iron ore mining giant Fortescue Metals Group’s CEO Neville Power has announced the company is open to the possibility of a joint construction venture to develop the Anketell Point port in the Pilbara region.
ARTC starts work on major coal rail upgrade
The Australian Rail Track Corporation (ARTC) has commenced work on a major rail upgrade between Singleton and Muswellbrook in the Hunter Valley.
Leighton Holdings awarded Iraqi project
Leighton Holdings has been awarded a US$518 million crude oil development project by Iraq’s South Oil Company.
Rio Tinto breaks iron ore records
Rio Tinto has announced the company set new quarterly records for iron ore sales and hard coking coal production.
BHP Billiton announces spending on Olympic Dam
BHP Billiton has announced a pre-commitment spending package of $1.2 billion for the first phase of the Olympic Dam Project to develop an open pit mine in northern South Australia.
Kitan oil production facility starts
Construction of the Kitan oil field, 550 kilometres north of Darwin in the Timor Sea, has started.
Hays finds growing demand for resources professionals
Recruitment specialist Hays has published its report on employment trends for the October quarter, finding increasing demand for professionals with any experience in the mining and resources sector.
Federal Government outlines transport reform agenda
The Federal Government has announced a three point reform agenda for the country’s ports, freight and shipping industries.
Commodities keep Australia in an 'enviable position'
The International Monetary Fund has praised Australia’s economic position, saying that the country is well positioned to continue to reap the benefits from the ongoing commodity boom, a sound financial policy framework and a stable financial services sector.
Olympic Dam expansion receives environmental approval
The Federal and South Australian Governments have approved the Environmental Impact Statement for the $30 billion expansion of BHP Billiton’s Olympic Dam mine in South Australia.
Xstrata dumps CopperString transmission in favour of Diamantina Power Station
Plans for the CopperString 1,000 km transmission line from Townsville to Cloncurry in north-west Queensland have been thrown into doubt by an announcement by Xstrata that it will obtain its power from the new gas-fired Diamantina Power Station under a 17-year contract with the Diamantina consortium.
ASX to review resource and reserve disclosure rules
The Australian Stock Exchange is calling for comments from stakeholders on a consultation paper it has released on the Listing Rule reporting requirements that apply to mining, and oil and gas companies.
GHD awarded pipeline route tender
GHD Pty Ltd has been announced as the successful proponent to determine route alignment options for the Bunbury to Albany Gas Pipeline corridor.