Author: admin

THE much-maligned mining tax has finally been axed after the Coalition Government cut a deal with Clive Palmer to fulfil its remaining major election promise. Repeal of Labor’s Mineral Resources Rent Tax (MRRT) passed the Senate this month after it was knocked down in July over Palmer United Party (PUP) amendments to save associated spending measures. Under the deal with the PUP, the Government agreed to delay the abolition date on key measures in the legislation until after the next election. The Low Income Superannuation Contribution will be abolished from 1 July 2017, while the Income Support Bonus and Schoolkids Bonus will be axed from the end of 2016. The Schoolkids Bonus will be means-tested until its abolition. To cover…

FOLLOWING decades of experience in the design and manufacture of electric drive haulage solutions, Liebherr introduced its T 282 Series haul truck to serial production in 2000. Fourteen years on and with more than 350 units globally, the Liebherr T 282 Series haul truck represents the accumulation of more than six million operational hours of knowledge and ultra-class haulage experience. Through strategic investment in product evolution, Liebherr ensures the T 282 Series haul truck continues to provide business partners with the latest in technology. The highly efficient IGBT drive system and its class leading payload-to-weight ratio ensure maximum productivity and performance. In the next exciting evolution for the T 282 Series haul truck, Liebherr proudly launched the T 282 C…

LEADING waste and recycling provider SITA Australia has expanded its service offering for miners in NSW’s Hunter region and across Australia. SITA’s mining and resources offering includes a diverse range of onsite and offsite waste management services, from transfer station management through to collection services, waste segregation, hazardous waste management, industrial services and mine site rehabilitation. With a dedicated account management team providing comprehensive environmental and waste management audits, SITA helps mining operators identify the sources of waste generated at mine sites as well as opportunities for waste and cost reduction. SITA business development manager for mining and resources Todd Armstrong said the company had built a strong reputation in Australia for implementing innovative and diversified solutions for the mining…

THE minerals industry – including exploration, extraction and processing – is a major contributor to Australia’s income, investment, high-wage jobs, exports and government revenues. The Australasian Institute of Mining and Metallurgy (the AusIMM) was formed in recognition of this, to promote and protect industry health while providing support services to Australia’s minerals professionals. It was founded in 1893 and has since grown to represent more than 13,500 minerals industry members. In the first week of September, AusIMM will present its 12th Mill Operators’ Conference. Hosted in Townsville, Queensland, Mill Operators 2014 will focus on developments and rising issues for mineral processing in Australia. Since the inaugural event in Mt Isa in 1982, the Mill Operators’ Conference has run every two…

WITH $10 million in the bank, Rum Jungle Resources is poised to transition from an explorer to a fertiliser mineral producer, with a focus on the Northern Territory. The transition is being led by newly appointed managing director Chris Tziolis, and is the second major transition for the company, which listed on the ASX in 2007 as Rum Jungle Uranium. Although the company was originally focused on uranium exploration, it now has a portfolio of phosphate projects and potash projects (with one also prospective for lithium). According to Mr Tziolis, the defining moment that led the company to shift its focus from uranium was the discovery of the Barrow Creek phosphate resource. This deposit, together with the Arganara deposit, forms…

WA’s Curtin University is creating a digital mineralogy hub facility incorporating cutting-edge scanning electron microscope technology that will be used to construct a mineralogical and geodata library for the Australian continent. To be based at Curtin’s John de Laeter Centre (JDLC), the hub will comprise two TESCAN electron microscopes and Schottky field emission gun, installed earlier this year, and a TESCAN integrated minerals analyser (TIMA), to be installed this November. The TIMA is an automated instrument capable of characterising the mineralogy of up to 15 samples at a time and will enable researchers to more rapidly determine the chemical and physical properties of natural samples. It will also incorporate TESCAN’s unique compact Rainbow cathodoluminescence (CL) detector, which is ideally suited…

PERTH-based uranium company Paladin Energy has sold a minority stake in itsNamibian project Langer Heinrich to refinance the project’s finance facility. In a deal worth US$190 million, Paladin sold a 25 per cent joint venture equity stake in the project for US$190 million to state-owned China National Nuclear Corporation (CNNC) subsidiary CNNC Overseas Uranium Holding. Paladin refinanced the existing US$110 million project finance facility and US$20 million working capital facility into a new US$70 million syndicated loan facility. It was also able to make a US$30.38 million prepayment on the existing facility due to the sale, bringing the balance to US$70 million. Paladin chief executive John Borshoff said the new facility would provide significant cash flow benefits and further strengthen…