The Monthly Mining News Roundup - May

29 May 2020

Mackay hosts new mine trading academy for 250 new BHP apprentices & trainees

BHP has welcomed 250 apprentices and trainees to its academy, with the aim of developing Australia's worker skills and new career pathways in the mining sector. The BHP FuturreFit Academy combines trade apprenticeship studies with maintenance traineeships. It also offers trade apprenticeships for heavy diesel fitters and mechanical fitters, along with a one-year Certificate II maintenance traineeship.

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Century mine maintains June quarter guidance

New Century Resources has maintained its June quarter guidance at the Century mine in Queensland despite a four-year low in zinc prices. The company is tracking mid-range to the June quarter guidance of 31,500 - 38,500 tonnes of zinc metal, at direct production (C1) costs of $US0.73 - $US0.82 ($1.14 - $1.28) per pound. Expansion of the Century mine to 12 million tonnes per annum throughput is also targeted to occur over the remainder of the June period, with it achieving up to 11.3 million tonnes per annum mining rate to date.

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State Government releases explorer package to boost resource jobs

The State Government is backing Queensland's explorers with a multi-million-dollar COVID-19 survival package including relief on a range of costs and initiatives to spark new opportunities. Mines Minister Dr Anthony Lynham described exploration as the lifeblood of the resources sector, one of the strongest-performing secttos of the economy during the COVID-19 crisis. "The resources sector has weathered the COVID-19 storm better than most, which is good news for jobs," he said.

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Mining proves its importance to the Australian economy

Australia's minerals sector has paid $39.3 billion in company taxes and royalties in the 2018-19 financial year, a record high for the sector. This marks an increase of $8 billlion from the previous year. The increase was in line with revenue growth that reflected continued higher production and strong commodity prices, according to a Deloitte Access Economics report commissioned by the Minerals Council of Australia (MCA).

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Pembroke Resouces receives mine approval for their coal project

Pembroke Resouces has received a mine approval from Australia's environmental and government authorities for the Olive Downs coal project in Moranbah, Queensland. The Australian  Department of Agriculture, Water and Environment provided Pembroke a clear pathway to progress the project's mining leases. The Olive Downs project will include an open-cut metallurgical coal mine, coal handling and preparation plant, 18-kilometre rail spur and on-site rail loop, raw water pipeline connecting to the Eungella network, private access roads, electricity transmission line and wastewater and sewage treatment plants.

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Queensland mining sector makes another great contribution

The Queensland Government has reached an agreement with major resources companies in the state to create a $100 million Resources Council (QRC), the former will contribute $30 million over three years, to be matched by $70 million in voluntary contributions by the resources companies. Queensland Treasurer and Minister for Planning and Infrastructure Cameron Dick said the fund would be spent on projects that will improve economic and social infrastructure across Queensland's resources communities.

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Adani to provide jobs for six graduates

Adani and the CQUniversity have launched a new engineering graduate program to build mining industry skills. Adani Mining chief executive officer Lucas Dow said the program would provide jobs for six graduates and preference would be given to Central Queensland and North Queensland residents. “I started my career as a mining engineer and have benefited greatly from the opportunities the mining industry has afforded me and my family,” Mr Dow said.

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North Queensland's resources sector creates much-needed employment

North Queensland's resources sector is creating much-needed employment as companies press on with expansions during the coronavirus pandemic. Sun Metals in Townsville is months away from reaching peak construction of its $450 million zinc refinery expansion to increase annual production, mostly into Asian markets. Executive director Kathy Danaher said Sun Metals would have created 350 construction jobs by about October, and 100 ongoing positions as construction finishes in the second quarter of 2021.

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