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QEC Survey finds acute impacts for Queensland explorers

The QEC recently surveyed its members on the impacts of the COVID-19 crisis affecting the exploration industry. The survey results are summarised below: Results – QEC Member Survey: COVID-19 impacts on explorers:  While the resources industry remains robust, Queensland’s explorers are facing particularly harsh challenges. Concerning, 81 percent of explorers surveyed anticipated having to decrease expenditure over...
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Queensland must act to turn explorer optimism into investment outcomes

Queensland has lost ground in the latest global survey of mining companies and investors, falling two places to number 15 in the world for investment attractiveness in the Fraser Institute Annual Survey of Mining Companies, 2019. Queensland Exploration Council (QEC) Chair Kim Wainwright said it was disappointing to see Queensland’s investment attractiveness ranking decrease for...
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QRC welcomes the State Government’s 2020 Queensland Exploration Program

The Queensland Resources Council (QRC) has welcomed the State Government’s 2020 Queensland Exploration Program which will open more than 7000 square kilometres of land for coal, gas and petroleum exploration. QRC Chief Executive Ian Macfarlane said the release of land for exploration for all resources was essential in creating new jobs, growing exports and supporting...
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Woodmac unveils annual survey

Industry consultants Wood Mackenzie have released the results of their annual Exploration Survey. The industry has had its say on all things exploration, from budgets and technology to portfolios and peers. To read the report, click here.
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New economy minerals focus

A new funding round has opened under Queensland’s Collaborative Exploration Initiative, targeting projects in North and North West Queensland. This round encourages the exploration of new economy minerals including cobalt, gallium, germanium, graphite, indium, lithium, manganese, molybdenum, niobium, platinum group elements, rare earth elements, rhenium, scandium, silver, tantalum, tungsten, tin, titanium, and vanadium. Areas covered by the...
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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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