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(Image source: CIMIC Group) In total, the contracts will provide approximately $150 million in revenue for UGL across multiple years.

UGL unlocks $150m in contracts

CIMIC Group company UGL has been awarded several new contracts and contract extensions with existing WA clients: Alcoa (ASX: AAI), bp, Chevron and Woodside (ASX: WDX). UGL has been awarded a contract with Chevron Australia for construction services, supporting the installation of modules, equipment, structure, piping and electrical and instrumentation works. Additionally, UGL has received an 11-month contract extension for the supply of services to Alcoa’s mining and refining operations in WA for the continued management and execution of mechanical, electrical and access services for maintenance work. UGL has also received a two-year contract extension on the supply of maintenance, tank turn around and construction services to BP at the Kwinana Energy Hub. A one-year extension of a non-binding Framework…

Northern Star doubles profit

Northern Star doubles profit

Northern Star Resources (ASX: NST) reports a record-breaking FY25 marked by high gold prices, steady production and the acquisition of De Grey Mining’s (ASX: DEG) Hemi development project. FY25 has seen several miners report record-breaking years, thanks largely to similarly remarkable gold prices. Gold has surged multiple times throughout the year, thanks in part to global uncertainty around aggressive tariffs driving investment into the industry. Northern Star has reported $6.4b in revenue, up 30% from FY24’s $4.9b, as well as an underlying net profit of over $1.4b after tax, which has more than doubled from last year. The miner has also reported a record group underlying free cash flow of $536m, with shareholders seeing fully franked dividends of 30c/share. Whilst…

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Weld. Power. Cut. Heat.

Australian mining’s ultimate all-in-one welding powerhouse Vast distances, harsh environmental conditions, high stakes – these are just some of the challenges faced by Australian mining professionals every day. In remote mining sites, equipment failures demand rapid, reliable solutions – yet with limited access to stable power sources and support facilities, even basic repairs can become complex and costly. This highlights the need for versatile, self-sufficient equipment that can withstand Australia’s rugged terrain and keep mining operations running smoothly. And it’s in response to these requirements that Miller has developed the Big Blue 600X® Duo Air Pak™ 50Hz with ArcReach® Technology, an advanced engine-driven welder engineered to tackle some of the industry’s most challenging requirements. Designed to address critical site needs…

Latitude66 set to drill high-potential gold targets at Edjudina

Latitude66 set to drill high-potential gold targets at Edjudina

Latitude 66 (ASX: LAT) has announced the planned commencement of a drilling program at its Edjudina Project, located in the Laverton region of WA. The planned drilling program will commence in March this year and consists of up to 9,000m of aircore and potentially follow up reverse circulation drilling to test multiple significant gold-in-soil surface anomalies. This follows from previous exploration works completed across the project area, which have shown substantial potential given their scale and proximity to known mineral occurrences and infrastructure. Latitude66 has also signed a drill for equity agreement with Raglan Drilling, allowing the company to complete up to 9,000m of drilling, with 25% of the cost payable through the issue of new shares under its available…

Coalition pledges to slash red and green tape by $1bn a year

Coalition pledges to slash red and green tape by $1bn a year

INDUSTRY groups have welcomed the Federal Coalition’s promise to cut green and red tape for Australian businesses by $1 billion a year. The Coalition reported that its policy to boost productivity and reduce regulation would lower business costs, generate more jobs and strengthen the economy; removal of the carbon and mining taxes and the cutting of environmental regulation would be central to the success of the policy. “For too long, the red and green tape burden on Australian businesses has been increasing,” Opposition Leader Tony Abbott said in a statement. “Under the Rudd-Gillard Government, 21,000 additional regulations have been added despite having promised to cap the growth of regulation with a ‘one-in, one-out’ policy. “Labor has paid too little regard…

Peabody Energy to sell North Goonyella

DevelopmentsNews

Peabody Energy to sell North Goonyella

US coal company Peabody Energy is considering selling all or part of its interest in the North Goonyella coking coal mine in Queensland, Australia, after receiving substantial expressions of interest from potential buyers for the asset. Peabody Energy said that it had started a commercial process for North Goonyella mine, which shipped 1.8mt of coking coal through Dalrymple Bay coal terminal in 2018. “The process comes in response to substantial expressions of interest in this valuable asset from potential strategic partners and other producers,” the company stated. Commercial outcomes could include a strategic financial partner, joint venture structure, or complete sale of North Goonyella. The mine was temporarily closed after an underground fire in September 2018, and Peabody said it…

Stainless steel vessels and equipment for mining

Stainless steel vessels and equipment for mining

ESTABLISHED in 1963, A&G Engineering & Mining Supplies has five decades experience producing high quality stainless steel vessels and equipment. Today, it is the preferred tank manufacturer for many industries across Australia. The A&G team is involved in thedesign, manufacture and installation of an extensive range of stainless steel vessels and equipment for all major industries including mining, heavy industry, dairy, brewing and wine. Growing demand for A&G products has led to its further expansion into the mining sector. A&G now maintains a strong focus on supplying the industry with a range of products, including stainless steel tanks, valving, pipe work systems, carbon screens, hoppers, screening products, storage bins, catwalk and stair-tower structures, along with a full and comprehensive supply…

APO General Manager Port Operations Allan Brown and NQXT General Manager Mark Smith cut the cake

Abbot Point Operations celebrates 40 years of safe ship loading at NQXT

Abbot Point Operations (APO) is celebrating four decades of safe and responsible operations at the North Queensland Export Terminal, Australia’s most northern deepwater export port. It was this week in 1984 when the Fukukawa Maru arrived at the Terminal, located north of Bowen in Queensland, to load 60,000 tonnes of coking coal from the Collinsville mine, destined for Hong Kong. Yesterday the BBG Liuzhou was the 6,902nd ship to safely berth at the Terminal and load high-quality coal from Bowen or Galilee basin mines for export to the world. Abbot Point Operations General Manager Port Operations Allan Brown said the milestone was a credit to the hundreds of local workers who had maintained the Terminal for more than a generation.…