As per industry research company BIS Shrapnel civil construction work will increase by around 20% over the next two years thanks to the surge in mining operations and flood reconstruction work. However skilled workers from Western Australia may end up leaving as major projects like Pluto LNG and Sino Iron Ore end. The work will pick up again in 2012 as new iron ore and gar projects get ramped up.
Proving that mining operations can also be fuelled by green energy is the Mt. Cattlin lithium mine site. The Western Australia mine owned by Galaxy Resources has received the Energy and Distribution Award in Perth this week for its considerable achievement. The award was presented by the Sustainable Energy Association of Australia.
Leighton Contractors, a wholly owned subsidiary of the Leighton Holdings Group, has won two new gold mining contracts, one in Western Australia and the other in the Northern Territory. The combined worth of these mining contracts is $317 million. Shares in the company shot up after the announcement last week.
Australian resources company BHP Billiton is going to make a capital investment of $9.5 billion to expand its Australian iron ore and coal mining operations. The largest miner in the world has now planned to expand its own mines after it failed to take over three acquisition targets in the last year.
The BG Group has decided to halt the construction of the coal seam gas pipeline of its Australian arm QGC. The $15 billion worth Queensland Curtis Island coal seam gas to LNG project has run into a wall thanks to some of its environmental management plans having not been approved. QCG made the announcement about halting work on the pipeline last Thursday.
Dune Energy has set a casing at 13,062 feet on its SL 214 #916 well at Garden Island Bay Field, Plaquemines Parish, Louisiana. A total depth of 13,078 feet has drilled and a five -inch casing to the well to a depth of 13,062 feet.
Magellan Metals Pty Ltd said that it would resume regular lead transport operations from its mine in Western Australia in the next few days. It said that after resumption of mining operations at the Magellan Mine in February 2011 there was a stockpile of lead concentrate waiting at its Wiluna mine site.
Green Star Energies acquires 80% ownership of Fortunate Energy.
Employment Minister of Australia Chris Evans announced that mining giants would be able to import labour to work in their mines.
The McArthur River mine (MRM) owned by Xstrata may soon double its zinc and lead output if all goes to plan. However Xstrata must spend $900 million in order for the mine to remain viable. The doubling of the zinc - lead concentrates from the mine will be not easy for the world’s largest bulk producer of Zinc concentrate.
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