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Industry News

Jul 25, 2016
Blair Athol Mine set to reopen in 2016

Blair Athol Mine set to reopen in 2016

TerraCom subsidiary Orion Mining has reached agreement to buy the mothballed Blair Athol coal mine, with the current owners providing $80 million to meet the mine’s rehabilitation liability. TerraCom said it planned to commence more than 50ha of site rehabilitation while bringing the mine back into production. TerraCom chairman Cameron McRae said the company was… This content is for iQ Indu...

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Jun 28, 2016
Middlemount drill and blast contract

Middlemount drill and blast contract

Action Drill & Blast has won a $25 million contract over three years to provide drilling and blasting services direct to the Middlemount coal mine, in the Bowen Basin. The NRW Holdings subsidiary has been associated with the Middlemount project since the mine opened and the new contract extends its services, excluding the supply of… This content is for iQ Industry Queensland members onl...

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Apr 14, 2016
Peabody Energy in bankruptcy action

Peabody Energy in bankruptcy action

The world’s largest private-sector coal company, Peabody Energy Corporation, has filed for bankruptcy protection in the United States but says its Australian operations are not affected. In a statement released overnight, the company said it had filed Chapter 11 petitions for the majority of its US entities in a bid to strengthen liquidity and reduce… This content is for iQ Industry Queensl...

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Mar 15, 2016
QCoal Group powers ahead at Byerwen

QCoal Group powers ahead at Byerwen

QCoal Group has signed contracts with Lend Lease and Powins for high-voltage electrical supply work as construction continues on its $1.7 billion Byerwen coal project. Those packages were finalised recently and procurement of long lead items has commenced, the company confirmed this week. Additional work packages including the civil works and CHPP design and construction… This content is fo...

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Feb 04, 2016
AGL turns down the gas

AGL turns down the gas

AGL is backing away from gas exploration and production, with plans to sell a range of Queensland CSG assets. In an announcement today, the energy giant said those activities would no longer be a core business for the company due to the volatility of commodity prices and long development lead times. It plans to sell… This content is for iQ Industry Queensland members only.Log In Register ...

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Jan 20, 2016
QCoal progresses construction at Byerwen

QCoal progresses construction at Byerwen

The earth is moving at QCoal Group’s $1.7 billion Byerwen coal project, with Stage 1 of construction under way. The company said rail infrastructure manager Aurizon and civil works contractor Murphy Pipe and Civil mobilised to the site in late 2015 and had commenced earthworks for the project’s rail loop. The initial workforce of about… This content is for iQ Industry Queensland members onl...

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Jan 01, 2016
Thiess starts QCoal contract today

Thiess starts QCoal contract today

Thiess has commenced a three year contract to operate QCoal’s Northern Hub mines including Drake and Sonoma near Collinsville. The three-year $250m contract starts today (January 1) and includes an option for an additional one-year contract extension. Thiess had an association with the QCoal Group going back to 2007 said Managing Director Michael Wright. “We are… This content is for iQ Indu...

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