Statoil has been granted regulatory approval to revive exploration in the Great Australian Bight after signing a swap agreement with BP. The Norwegian company will take over two permits off Australia’s southern coastline to drill an exploration well before the end of October 2019. The National Offshore Petroleum Titles Administrator (NOPTA) has approved the transfer, …
Continue reading Statoil to begin Great Australian Bight drilling →
New South Wales construction and maintenance specialist Calibre Group has signed a contract with Magnetite Mines to provide engineering services for a multi-stage project in South Australia. The first stage is scheduled for completion in six weeks and involves the delivery of a comprehensive narrative, setting out the Olary-Ward iron ore project combined with a …
Continue reading Calibre signs SA engineering contract amid Magnetite Mines merger →
A key contact has updated industry following a major milestone achieved by a South Australian iron ore development. Iron Road has received a mining lease and development approval for the Central Eyre Iron Project on the Eyre Peninsula. If the company meets the conditions of the approval, the project is anticipated to create 2000 jobs during construction and 700 jobs over the 25-year life of the mine.
Iron Road project approvals manager Laura Johnston advised industry of procurement protocol for the project. According to Johnston, the project is a team effort with personnel juggling roles. The next stages of Iron Road’s development journey will include further engagement with landowners and stakeholders, preparing secondary approval applications, reaching a Final Investment Decision with CREC and ultimately achieving financial close.
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At an exploration site in South Australia the discovery of high-grade cobalt has come when prices for the industrial metal have soared to record highs amid a supply shortage. The cobalt was recently identified in six drill holes by Archer Exploration at its Polinga Project on the Eyre Peninsula, where the company was analysing samples from previous manganese exploration. Continue reading
The sale of Kidman cattle empire has been approved by Treasurer Scott Morrison, with the empire now belonging to mining magnate Gina Rinehart and a Chinese consortium.
In a statement, Mr Morrison said a local farming family would acquire the largest station in the Kidman group, Anna Creek, and its outstation The Peake. >> Read full story here
Location: Tonsley Park, South Australia
Projected Manager: Hansen Yuncken
Project Owner: Department for Planning, Transport, and Infrustructure
Budget: $32.2 million
Phase: Under Construction
Lead Company: AWD Alliance
State: VIC, NSW, SA
Summary: Australia’s largest defence procurement project
Progress: Under Construction
Total Planned Investment: $8.7 billion