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Subscriber only The company behind the $1 billion Olive Downs coal mine project has revealed it will be seeking to employ locals from surrounding towns to fill the 1500 jobs up for grabs, ruling out any fly-in, fly-out rosters. A Pembroke spokesman said construction was still planned to go ahead later this year, despite disruptions caused by the COVID-19 pandemic. COVID has impacted activities and the company is committed to respecting guidelines in place for safe operations during this challenging period, the spokesman said. Some matters are out of the company s control, and it will ensure it provides updates on any material change to its plans should COVID measures continue.
State Gas Limited (ASX:GAS) is pleased to provide its weekly update on production testing activities at its 100%-owned Reid s Dome Gas Project (PL 231) in the Bowen Basin in Central Queensland.
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Subscriber only Stimulus packages coming off the back of the worldwide vaccine rollout will inject a boost of confidence into the resources sector. That is according to Resource Industry Network general manager Dean Kirkwood, who said there was much for the sector to look forward to in 2021. Mr Kirkwood said coal prices had bounced back, with mine sites in the Bowen Basin now looking to ramp up production again. With the worldwide (COVID) vaccine rollout, on the back of that, governments are looking to stimulate their economies, he said. Once you start stimulating the economy, a lot of infrastructure gets built, infrastructure is built by steel and we need metallurgical coal to make steel.
Aurizon shares falter on global coal outlook
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A gulf has opened up between Aurizon and the broader sharemarket as the rail haulage groupâs investors become more pessimistic about future demand for Australian coal because of more countries slashing carbon emissions.
Aurizonâs shares, which have slid 30 per cent over the past 12 months to trade at $3.73, are now trading at their biggest gap to the broader Australian market since the company listed a decade ago, despite an ongoing stock buyback.
Aurizonâs shares have been sliding as investors worry that global demand for coal will fall as countries cut carbon emissions.Â
Minister for Resources The Honourable Scott Stewart
A Queensland-based company has been given the green light to explore for gas on prospective land in the world class Bowen and Surat basins.
Minister for Resources Scott Stewart said first time explorer AusGasCo CSG Pty Ltd has been appointed preferred tenderer for two blocks, located to the east and south-east of Injune, totalling 114 square kilometres.
“Not only are we are doing all we can to get more gas in the market, but we are welcoming first time junior explorers to help bring more jobs and economic benefits to Queensland,” Mr Stewart said.