Mineral exploration expenditure in Tasmania has hit a new record, with the latest Australian Bureau of Statistics (ABS) figures showing $43.1 million was spent in the 2023 financial year.
The jump marks a 31 per cent boost in mineral exploration in the state, which Tasmanian minister for resources Felix Ellis said is the highest level on record.
“The mining and mineral processing sector is a key pillar of the economy and contributes more than $2.8 billion a year in exports and supports more than 5800 jobs,” he said.
“We know the world will need the key and critical minerals that Tasmania has to help power the global shift to renewable energy and to support defence manufacturing.”
Ellis pointed to programs like the Tasmanian Government’s exploration drilling grant initiative (EDGI) and geoscience initiative as examples of its commitment to growth in the industry.
“The EDGI grants provide co-funding for greenfield targets that may lead to the discovery of Tasmania’s next new mine,” he said.
“Since the program began, there have been eight rounds released, with funding provided facilitating more than 16,000 meters of drilling.
“It is pleasing to see that the greenfield exploration investment of $5.3 million is the highest in a decade.
“The $2 million geoscience initiative is providing new data to underpin and de-risk the next generation of mineral exploration.”
Resource production is ramping up in Tasmania with a recent feasibility study between the Tasmanian Government and the Rotterdam Port Authority marking the state as a potential green hydrogen powerhouse.
The state hopes to begin exporting green hydrogen by 2030, with the study confirming conditions in the island State for production, domestic use and export are world-class.
The 2023-24 NSW Budget has been released, reflecting the Government’s commitment to the mining and resources sector.
The Budget includes $5.2 million to establish Future Jobs and Investment Authorities. This will also assist coal-producing regions to develop new industries and economic opportunities as the state pushes for renewable energy.
Geological surveying has also been included in the Budget, with $27.5 million allocated to encourage critical mineral exploration in the state. It is hoped that the data will define areas of mineral or energy potential.
A total of $142.5 million has been allocated across the Natural Resources portfolio, including $113 million over four years for mine work health and safety. Legacy mine risk reduction has been allocated $48.5 million.
NSW introduced its new Critical Minerals Strategy earlier this month to provide the framework for the critical minerals and high-tech metals mining industry while providing certainty and direction for the growing industry.
The new document will include a sharper focus on domestic manufacturing, skills and training opportunities.
“I’m excited by the opportunities created by critical minerals in NSW. The new strategy will ensure the state is able to best realise the gains of the next mining boom,” NSW Minister for Natural Resources Courtney Houssos said.
“NSW is uniquely positioned to support global supply of critical minerals with our diverse mix of critical mineral and high-tech metal deposits and capacity to promote domestic processing and manufacturing.”
Yancoal Australia has announced that its chairman of the board Baocai Zhang has resigned.
The company cited Zhang’s hopes to devote more time to his other business engagements and positions he holds as the reason for stepping down from the role.
Zhang has worked at Yancoal since 2004. He first joined its board before the company joined the Australian Securities Exchange (ASX) in 2012. He previously served as co-vice chairman and chair of the executive committee from 2013 to 2018, and then began his position as chairman in 2018.
Yancoal said that during his tenure, Zhang’s vision, ability and determination helped transform the company, such as through its acquisition of Australian mining company Coal & Allied in 2017.
“The board thanks Baocai Zhang on the contributions he made serving as a director and chairman of the company. His passion, dedication, commitment, and capabilities were invaluable in driving Yancoal’s significant growth,” Yancoal said.
Zhang will also step down as a member of Yancoal’s nomination and remuneration committee and as chairman of the strategy and development committee.
Yancoal non-executive director Gang Ru has assumed the role as chairman, beginning on September 15.
He has nearly 30 years of experience in financial and capital management, corporate organisational management and investment. Though his roles with coal mining company Shandong Energy, Ru has worked closely with Yancoal since 2015.
“The appointment of Mr Ru as the chairman is one that will benefit Yancoal and its shareholders. He will undoubtedly provide the leadership and strategic initiatives required to drive the next stage of the company’s development,” Zhang said.
Yancoal is expected to announce details of the updated composition of its board committees at a later date following board approval.
The coal miner has also celebrated 13 production operators of its Premier Coal mine who are retiring.
Yancoal Australia has announced that its chairman of the board Baocai Zhang has resigned.
The company cited Zhang’s hopes to devote more time to his other business engagements and positions he holds as the reason for stepping down from the role.
Zhang has worked at Yancoal since 2004. He first joined its board before the company joined the Australian Securities Exchange (ASX) in 2012. He previously served as co-vice chairman and chair of the executive committee from 2013 to 2018, and then began his position as chairman in 2018.
Yancoal said that during his tenure, Zhang’s vision, ability and determination helped transform the company, such as through its acquisition of Australian mining company Coal & Allied in 2017.
“The board thanks Baocai Zhang on the contributions he made serving as a director and chairman of the company. His passion, dedication, commitment, and capabilities were invaluable in driving Yancoal’s significant growth,” Yancoal said.
Zhang will also step down as a member of Yancoal’s nomination and remuneration committee and as chairman of the strategy and development committee.
Yancoal non-executive director Gang Ru has assumed the role as chairman, beginning on September 15.
He has nearly 30 years of experience in financial and capital management, corporate organisational management and investment. Though his roles with coal mining company Shandong Energy, Ru has worked closely with Yancoal since 2015.
“The appointment of Mr Ru as the chairman is one that will benefit Yancoal and its shareholders. He will undoubtedly provide the leadership and strategic initiatives required to drive the next stage of the company’s development,” Zhang said.
Yancoal is expected to announce details of the updated composition of its board committees at a later date following board approval.
The coal miner has also celebrated 13 production operators of its Premier Coal mine who are retiring.
Time is running out to secure a spot at AusIMM’s Iron Ore Conference 2023, set to take place at the Perth Convention Centre from September 18–20.
Hosted by AusIMM and CSIRO, the Iron Ore Conference is a groundbreaking gathering of experts and professionals from around the world. This prestigious conference will delve into the core challenges facing the iron ore industry, offering invaluable insights and solutions.
Expect an outstanding program that explores the latest developments and addresses the challenges impacting the technical and management aspects of iron ore production. Over the course of three days, discussions will revolve around the genesis, geology, exploration, mining, and processing of iron ores and more. The conference will also emphasise the critical issue of reducing the carbon footprint in iron and steel mining, contributing to a sustainable and green future.
Keynote presenters, including Alan Bye, Christine Hass, Christiaan Heyning, Darren Matthews, Professor G.J. Nathan, Hon Bill Johnston MLA, Kerry Turnock, and Paul Zulli, are gearing up to share their expertise with conference delegates. Their presentations promise to be insightful and thought-provoking, offering fresh perspectives on the industry’s challenges and opportunities.
In addition to the knowledge-sharing sessions, the Iron Ore Conference 2023 offers ample networking opportunities where delegates can connect with like-minded professionals, expand their networks, and forge valuable partnerships.
One of the world’s leading aerospace manufacturers continues to invest, grow and create new skilled jobs in the state, strengthening Victoria’s manufacturing expertise and capabilities.
Minister for Manufacturing Sovereignty Ben Carroll today welcomed Boeing’s growth in Victoria, with the company creating more than 200 new jobs this year alone, an increase of almost 25 per cent and bringing its workforce in the state to more than 1000.
“Boeing’s continued investment in Victoria highlights our status as Australia’s advanced manufacturing capital, with more high-skilled jobs being created in our state,” Carroll said.
These roles are supporting increased production of new commercial planes due to growing demand globally.
Based at Melbourne’s Fishermans Bend, the company has been manufacturing aircraft in the state since 1927.
The company is not only growing its workforce in the state but also encouraging more women into aviation trade roles through its Female Apprenticeship Program to increase gender diversity in traditionally dominated roles.
Boeing’s Victorian presence is one of the company’s largest outside the United States, bringing together a unique combination of research and development, engineering, and advanced manufacturing in the one location. It is where the company has produced components for the 787 Dreamliner for the past decade.
All of Boeing’s commercial airplane components produced in Victoria are exported to the company’s final assembly lines in the United States – either to Seattle, Washington or Charleston, South Carolina.
Boeing Aerostructures Australia Managing Director Mick Sorrenson spoke about why the company has chosen Victoria.
“Boeing’s enduring partnership with Australia is deeply connected to Victoria, having continuously manufactured aircraft components at our Fishermans Bend site since the 1930s,” he said.
Boeing Aerostructures Australia was awarded the Manufacturer of the Year – Large Business at the recent 2023 Victorian Manufacturing Hall of Fame Awards – which is supported by the Andrews Labor Government.
Victoria continues to cement its status as a destination of choice for major global firms with Hanwha, BAE Systems, Leonardo, Lockheed Martin, and Thales all establishing a significant presence here.
Through the Victorian Budget 2023/24, the Victorian Government is backing advanced manufacturers to bolster local capabilities through the $21 million Manufacturing and Industry Sovereignty Fund, as well as investing $4 million to support our defence and space sectors to secure more major contracts.
Horizon Minerals and Dundas Minerals have entered into a binding agreement to acquire the Windanya and Baden-Powell/Scotia gold projects in the Kalgoorlie region of WA.
Dundas Minerals has also made an application to acquire three prospecting licenses in its own right, contiguous to Horizon’s Banden Powell/Scotia tenements.
“The option to acquire these advanced stage gold exploration projects in the Kalgoorlie region of Western Australia is an exciting opportunity for Dundas Minerals,” Dundas Minerals managing director Shane Volk said.
“Given the competition for these projects, Dundas is pleased that Horizon viewed us as a worthy partner. We are keen to commence the first phase of exploration in coming weeks.”
The Windanya project is located approximately 50km north of Kalgoorlie, while the Powell/Scotia project is adjacent to the Goldfields Highway, about 60km north of Kalgoorlie.
The projects became available due to Horizon’s focus on advancing its Cannon, Penny’s Find and Rose Hill gold projects towards production.
“Being so near to Kalgoorlie, the Goldfields Highway, and several gold plants, the economics of advancing a gold deposit from within these project areas into production, and generating income for the company are favourable,” Volk said.
Dundas is currently finalising plans for its first phase of exploration at both projects, which will comprise soil and/or auger sampling programs covering multiple targets ranked by prospectivity.
Exploration is expected to commence in early September, and will take up to three weeks to complete.
The next step in the integration of SP Mining (the mining related business of Schenck Process acquired by global, high-tech engineering group Sandvik), will see SP mining entities change their names to reflect the new ownership.
On the October 1, Schenck Process Australia Pty Limited, which became a wholly owned subsidiary of Sandvik in November last year, will become Sandvik Rock Processing Australia Pty Limited. The Australian entity is the largest part of SP Mining’s global business, employing around 450 industry professionals.
Since the acquisition, Sandvik has been focused on bringing together its expertise in crushing with the screening, feeding, weighing and loading know-how of Schenck Process Mining.
According to company president Asia Pacific Terese Withington, this move is part of an integration process which will eventually see SP Mining become a seamless part of the Sandvik organisation.
“In Australia, we are bringing together our sales and back-office teams with those of Sandvik Rock Processing Solutions to allow our customers to access our combined expertise in crushing, screening, feeding, weighing and loading,” Withington said.
“Together we aim to deliver even better digitalisation, sustainability, and productivity solutions to our industry.
“The end goal of our integration is to allow our customers to place combined crushing, screening, feeding, weighing and loading orders with our new legal entity.”
SP Mining president Asia Pacific Terese Withington.
Withington said that the scale of Sandvik’s operations and commercial reach will help to accelerate the combined innovation portfolio of Sandvik Rock Processing Solutions and SP Mining.
“We look forward to continuing to service the business needs of our customers and remain fully focused on the delivery of high-quality equipment, consumables, OEM spare parts and services to help them achieve their business objectives,” she said.
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