You need tough equipment for tough environments

By Rachel Dally-Watkins 15 May, 2015 PLANS to build a fourth coal terminal at the Port of Newcastle have progressed with the Department of Planning and Environment (DPE) recommending the project for approval and referring the application to the Planning Assessment Commission for a final decision. Port Waratah Coal Services, which owns and operates the port’s Kooragang and Carrington terminals, has been working with government, rail providers and coal producers to increase capacity at the port through the Terminal 4 project. The original master plan allowed for a capability of 120 million tonnes per annum throughput; however since the plan was lodged with the DPE decreases in coal demand saw the project revised down to 70mtpa throughput. “We have been…

By Samantha James DUAL-listed Thor Mining has entered into an option agreement to sell the advanced Spring Hill gold project in the Northern Territory for $3.5 million, just two months after it acquired the remaining 49 per cent interest. In October 2015, Thor acquired Western Desert Resources’ interest in Spring Hill for $310,000, before agreeing to sell the asset to private company PC Gold for $3.5 million in December. As part of the agreement, PC Gold would pay Thor royalties on any gold produced from Spring Hill. Thor has struggled to finance development of its flagship Molyhil tungsten and molybdenum project in the Northern Territory since the January 2015 completion of an updated feasibility study that estimated a $64 million…