fbpx

Industry News

Jul 01, 2021
Glencore pays out in Queensland

Glencore pays out in Queensland

Glencore is reporting it paid Australian governments $1.9B in the 2020 period. The figure is released in the 2020 ‘Payments to Governments’ report. The diversified minerals company paid $179.318m in taxes on income, $500.083m royalties, $28.890m in fees. Related: Anglo’s annual Australian payout more than $4000 million The Australian Tax  Office was paid more than $182m… This cont...

Read More
Jul 01, 2021
New minimum wage

New minimum wage

The minimum wage increase has taken affect. The Fair Work Ombudsman is reminding employers that the national minimum wage is now $20.33 per hour (up from $19.84) or $772.60 per week (up from $753.80). On 16 June 2021, the Fair Work Commission announced  a 2.5 per cent increase to the national minimum wage, following its Annual Wage… This content is for iQ Industry Queensland ...

Read More
Jul 01, 2021
Loan facilitates the creation of hundreds of jobs

Loan facilitates the creation of hundreds of jobs

More than 500 new mining jobs are closer to fruition following the announcement of a loan to Olive Downs owners Pembroke. Olive Downs is a metallurgical coal lease located 40 kms southeast of Moranbah. The Federal Government has approved a loan of $175 million to support the mine’s first stage of development which includes rail, and… This content is for iQ Industry Queensland members o...

Read More
Jul 01, 2021
Resources remain stalwart as lockdowns spread

Resources remain stalwart as lockdowns spread

The Queensland Resources Council (QRC) has reiterated the importance of an operational mining industry during the pandemic. It’s in the wake of the latest Resources and Energy Quarterly (REQ) update showing resources and energy exports have hit a high of $310 million. Locked down – Newmont’s Granites Mine in the Tanami Desert Newmont this week locked down… This content is for iQ...

Read More
Jul 01, 2021
Anglo’s annual Australian payout more than $4000 million

Anglo’s annual Australian payout more than $4000 million

Anglo American has put a figure of its total tax and economic contribution in Australia at more than S4,084 million. It’s contained in a recently released report detailing the company’s tax contribution around the world. In Australia, more than $2,344.4 million was spent on ‘total procurement’ and $693.5 million paid in total taxes including $96.5… This content is for iQ Industry Quee...

Read More
Jul 01, 2021
Olive Downs gets NAIF boost

Olive Downs gets NAIF boost

Pembroke Resources has welcomed the investment decision by the Board of the Northern Australia Infrastructure Facility (NAIF) to provide a loan facility of up to $175 million with a tenor of ten years to finance the development of the Olive Downs Steelmaking Coal Complex (Olive Downs) in the Bowen Basin.  Pembroke is committed to constructing… This content is for iQ Industry Queensland memb...

Read More
Jun 30, 2021
Road building drives jobs and stimulates business in Isaac budget

Road building drives jobs and stimulates business in Isaac budget

Isaac Regional Council has adopted a multi-million-dollar road infrastructure budget to improve the region’s local network and support jobs. A total of $15.7M roads investment will be delivered as part of Council’s 2021-22 Budget. The 13 major projects will stimulate the local economy and deliver better roads for Isaac region’s ratepayers, said Mayor Anne Baker…. This content is for iQ Indu...

Read More
Jun 30, 2021
Widespread Covid-19 restrictions in force

Widespread Covid-19 restrictions in force

The majority of the Queensland population is in lockdown this morning as a response to the latest Covid-19 scare. A three day lockdown for the south east corner and Townsville including Magnet and Palm Islands has started and will be reviewed again on Friday. There have been four new cases reported taking total number of… This content is for iQ Industry Queensland members only.Log In Regist...

Read More
Jun 29, 2021
Austin Engineering downsizes in Mackay

Austin Engineering downsizes in Mackay

Austin Engineering is downsizing in Mackay in a move that involves job losses. The company has also flagged further redundancies in the near future. The company has announced it is consolidating its two operations. The Mackay businesses primarily deliver onsite and offsite repair, maintenance, and machining/line boring services, as well as local sales support for… This content is for iQ Ind...

Read More
Menu