By

Jim Devine

ASIC flags IPO ‘concerns’

The Australian Securities and Investments Commission (ASIC) has put directors, lead managers and corporate advisers of mining and exploration companies on notice of concerns regarding the multi-faceted role that lead managers and other promoters may play in the IPO process. The mining and exploration industry represents over 25% of all ASX-listed entities. It accounted for...
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Collaborative exploration grants open

Applications are now open for the next round of CEI grants as part of the New Economy Minerals Initiative (NEMI). This round encourages the exploration of new economy minerals in newly expanded geographic areas of Queensland. Eligible new economy minerals include cobalt, gallium, germanium, graphite, indium, lithium, manganese, molybdenum, niobium, platinum group elements, rare earth elements, rhenium, scandium,...
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Exploration drilling demand strong going into 2020

A strong outlook for gold and battery-material metals such as vanadium and cobalt are driving high demand for North Queensland drilling services, according to Eagle Drilling NQ general manager Sally Forgan. Ms Forgan expects the company to boost its workforce by about 25 per cent to meet demand in 2020. She was commenting after the...
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Australia’s resource and energy commodity export earnings at record high levels

Australia’s resource and energy commodity exports in 2019–20 are forecast to set a record of $281 billion, driven by higher export volumes and a lower-than-expected Australian dollar. The headline figures mask divergent outlooks for different commodity markets, and the diversity of Australia’s commodity outputs provides us with some important benefits. It hedges our economy against swings...
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Queensland stepping on the gas

Two major announcements in the past 24 hours signal a strong start to 2020 for Queensland’s onshore gas industry. The Queensland Resources Council (QRC) has welcomed the partnership between Brisbane-based Armour Energy and Santos through the South Nicholson Basin Farmin Agreement. QRC Chief Executive Ian Macfarlane said diversity in the State’s gas industry leads to smaller...
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Explorers optimistic despite policy concerns

Ongoing confidence in the resources sector is translating into an increase in exploration investment across all major commodities but policy concerns persist, a new report from the Queensland Exploration Council (QEC) has found. The QEC Scorecard was released at the QEC breakfast attended by the Minister for Natural Resources, Mines and Energy Dr Anthony Lynham...
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Critical week to drive Queensland’s critical minerals potential globally and locally
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New investment will further open North West Minerals Province

(Media Release) The hunt is on for resources jobs of the future, as the Palaszczuk Government sinks $13.8 million into finding the minerals needed for advanced electronics and renewable technologies. Premier Annastacia Palaszczuk said the investment package would open up the untapped ‘new economy’ minerals bounty in North Queensland and foster new discoveries, projects and...
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North Queensland rail incentive scheme unveiled

Industry Queensland reports: The State Government has finalised guidelines around an $80 million incentive scheme for commercial freight users on the Mount Isa Line. In Mount Isa for a Cabinet meeting, Premier Annastacia Palaszczuk said the Queensland Government’s investment would support the growth of the mining industry in the state’s north west. For more information,...
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Critical minerals – US supply chain report

Australia is well placed to provide critical minerals for the industrial development and technology needs of manufacturing economies. Australia possesses some of the world’s largest recoverable reserves of cobalt, lithium, manganese, tantalum, tungsten and zirconium. Australia is also the world’s second-largest producer of rare-earth elements — including NdPr — and has the world’s sixth-largest resource...
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