Tag: resources

Strong international demand for Australian resources and energy The fallout from Russia’s invasion of Ukraine is driving continued strong demand for Australian resources and energy as many Western nations move away from Russia to find alternative sources of supply. The Australian Government’s June 2022 Resources and Energy Quarterly (REQ), from the Department of Industry, Science and Resources, said international demand has led to a further surge in the price and export value of many of Australia’s resource and energy commodities over the past three months. At the same time, commodities that are essential for electric vehicles, batteries and the transition to cleaner energy are also experiencing strong demand growth, with the value of...

The ‘Robotics & Automation in Mining’ conference ran over the 12th and 13th of October at Joondalup Resort in Perth. Speakers gave presentations on how automation in the resources sector will innovate practices and keep Australia a world leader in mining, while reducing harm and waste. The conference opened with a welcome to country from Shaun Nannup and addresses from WA’s Minister for Mines and Petroleum, Bill Johnston and conference chairperson, Dave Stevenson. The City of Joondalup was the proud official host of the event, with James Pearson the chief executive of the city delivering an address. The city recently announced that it is a significant step closer to its Urban Robotics and Automation Precinct, which will further its position...

  A SURVEY of 53 WA resources sector companies found that the State’s mining, oil and gas, energy and contractor industries contributed more than $67.1b to Australia’s economy in 2018-19 and directly created more than 71,000 fulltime jobs. The Chamber of Minerals and Energy of Western Australia (CME) Chief Executive Paul Everingham said the organisation asked its members, ‘How much does industry spend and where?’ “The data provided by 53 member companies for the financial year 2018-19, shows how industry’s spending flows through to every part of WA, by means of wages and salaries, business purchases, government payments and community contributions,” Mr Everingham said. “Considering this survey is just a snapshot of the sector’s direct contribution to the broader economy,...

A SYDNEY Law School energy and natural resources expert says a collective bargaining agreement for farmers will help them co-exist with miners and their operations. In her new book, Agricultural land use and natural gas extraction conflicts, Dr Madeline Taylor said the move towards renewables, in particular the expansion of the Liquified Natural Gas market, has brought about tensions between miners and producers whose land and livelihoods can be irreparably damaged by such activities. Dr Taylor posits a State-centric model, rather than the somewhat ad hoc adaptive management approach, as a way to level the playing field and ensure the best interest of all parties involved. “Instead of having this linear relationship between State, landholder and unconventional gas licence holder,...

By Rachel Dally-Watkins 20 April, 2015 DESPITE an almost double year-on-year increase from 2013, gold and base metal asset acquisitions in 2014 were the third lowest in a decade. According to the SNL Metals & Mining report Base Metals and Gold Acquisitions Activity, 2005-2014 there was a “welcome improvement” in mining asset transactions, but noted that the caution shown by mining companies in 2014 was surpassed only by results from 2013 and 2009. “Since 2012 have bought fewer assets that require large capital investment,” SNL stated. “Instead, companies have opted to maximise the value of assets they already own, and to enter joint ventures that reduce costs while at least maintaining production.” According to the report, there were...