The Sustainability of Mining in Australia : Key Production Trends and Their Environmental Implications for the Future
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Around the Bend
Cultural Studies Review volume 18 number 1 March 2012 http://epress.lib.uts.edu.au/journals/index.php/csrj/index pp. 86–106 Emily Bullock 2012 Around the Bend The Curious Power of the Hills around Queenstown, Tasmania EMILY BULLOCK UNIVERSITY OF TASMANIA Approaching the town of Queenstown you can’t help but be taken aback by the sight of the barren hillsides, hauntingly bare yet strangely beautiful. This lunar landscape has a majestic, captivating quality. In December 1994 after 101 years of continuous mining—A major achievement for a mining company—the Mount Lyell Mining and Railway Company called it a day and closed the operation thus putting Queenstown under threat of becoming a ghost town. Now, with the mine under the ownership of Copper Mines of Tasmania, the town and the mine are once again thriving. Although Queenstown is primarily a mining town, it is also a very popular tourist destination offering visitors unique experiences. So, head for the hills and discover Queenstown—a unique piece of ‘Space’ on earth.1 In his discussion of the labour of the negative in Defacement: Public Secrecy and the Labour of the Negative, Michael Taussig opens out into a critique of criticism. ISSN 1837-8692 Criticism, says Taussig, is in some way a defacement, a tearing away at an object that ends up working its magic on the critic and forging a ‘curious complicity’ between object and critic.2 Taussig opens up a critical space in which to think with the object of analysis, cutting through transcendental critique, as a critical defacement, which, in the very act of cutting, produces negative energy: a ‘contagious, proliferating, voided force’ in which the small perversities of ‘laughter, bottom-spanking, eroticism, violence, and dismemberment exist simultaneously in violent silence’.3 This complicity in thinking might be charged by critical methodologies which engage in, and think through, peripatetic movements. -
Annual Report (2020)
For personal use only TERRACOM LIMITED 2020 ANNUAL REPORT Contents SECTION 1: COMPANY OVERVIEW 2 Chairman’s letter to shareholders 3 Directors 4 Management team 6 Company information 7 Current operations and project structure 8 Operations overview 9 Current mining tenements held 10 SECTION 2: COMPANY UPDATE 11 Operational summary 12 Production overview 13 Financial overview 14 Operational performance 15 SECTION 3: COMPANY OPERATIONS AND PROJECTS 16 Australia Operations and Projects 17 South Africa Operations and Projects 22 SECTION 4: JORC RESOURCES AND RESERVES STATEMENT 31 SECTION 5: FINANCIAL REPORT 39 Director’s Report 41 Auditors Independence Declaration 64 Statement of profit or loss 66 Statement of other comprehensive income 67 Statement of financial position 68 Corporate Directory Statement of changes in equity 70 Statement of cash flows 72 PEOPLE Notes to financial statements 77 Directors Wallace King AO Directors declaration 133 Craig Ransley Glen Lewis Independent Auditor’s Report 134 Shane Kyriakou SECTION 6: ASX ADDITIONAL SHAREHOLDER INFORMATION 141 Craig Lyons Matthew Hunter Additional shareholder information for listed public companies 142 Company Secretary Megan Etcell Chief Executive Officer Danny McCarthy Chief Commercial Officer Nathan Boom Download Chief Financial Officer Celeste van Tonder Scan the QR code to download CORPORATE INFORMATION a PDF of the 2020 TerraCom Registered Office Blair Athol Mine Access Road Limited Annual Report. Clermont, Queensland, 4721 Australia Telephone: +61 7 4983 2038 Contact Address -
Roy Hill Celebrates Historic First Shipment
10 December 2015 Roy Hill Celebrates Historic First Shipment Hancock Prospecting Pty Ltd and Roy Hill Holdings Pty Ltd are pleased to announce the historic inaugural shipment from Port Hedland of low phosphorous iron ore from the Roy Hill mine on the MV ANANGEL EXPLORER bound for POSCO’s steel mills in South Korea. Mrs Gina Rinehart, Chairman of Hancock and Roy Hill Holdings Pty Ltd, said “The Roy Hill mega project is the culmination of hard-work from the dedicated small executive and technical teams at Hancock and more recently by the entire Roy Hill team.” “Given that the mega Roy Hill Project was a largely greenfield project that carried with it significant risks and considerable cost, it is remarkable that a relatively small company such as Hancock Prospecting has been able to take on and complete a project of this sheer size and complexity.” “The Roy Hill Project has recorded many achievements already and with the first shipment it will also hold one of the fastest construction start-ups of any major greenfield resource project in Australia. This is a considerable achievement, and although the media refer to a contractors date for shipment, it remains that the shipment still occurred ahead of what the partners schedule had planned in the detailed bankable feasibility study.” “The performance on the construction gives great confidence we can achieve performance as a player of international significance in the iron ore industry. To put the scale of the Roy Hill iron ore project into perspective in regard to Australia’s economy, when the mine is operating at its full capacity, Roy Hill will generate export revenue significantly greater than either Australia's lamb and mutton export industry or our annual wine exports. -
191119-Asx-Capital Raising Update-Final
Capital Raising Update 19 November 2019: Environmental Clean Technologies Limited (ASX: ECT) (ECT or Company) provides the following update to shareholders in regard to its current capital raising program. Highlights: • Entitlement applications close 5pm (AEST) Tuesday 19 November 2019 • Shortfall process to commence from Wednesday 20 November 2019 • Company presentation attached to support lead manager, CPS Capital’s marketing of shortfall to new investors • Additional pre-commitment by strategic partner • Answers to Frequently Asked Questions (FAQ) to date • Progress with insurance claim may provide improved timeframe and delivery for key plant upgrades. ECT confirms that the entitlement offer application deadline closes at 5pm (AEDT), Tuesday 19 November 2019. Applications received after this time will still be considered for the next few days, allowing for delays in postage and payment clearance timeframes and all applicants are encouraged to submit payment before 5pm today via BPAY to secure their allocation. Existing shareholders can apply for shares under the offer shortfall. On closure of the entitlement offer, should the full amount of entitlement not be taken up, then lead manager, CPS Capital will formally open the shortfall period from Wednesday 20 November 2019 through to 5pm Tuesday 26 November 2019. All enquiries for shortfall should be made direct to the Company via [email protected] or to Michael Soucik at CPS Capital. A presentation, attached to this announcement, will be used by CPS in their marketing of the Company to prospective shortfall applicants. The Company encourages all shareholders and prospective investors to read the presentation along with the Replacement & Supplementary prospectus. Glenn Fozard, ECT Chairman commented, “The pricing of this issue has been designed to represent considerable value to any existing shareholders or new investors taking up this offer via their entitlements or the shortfall. -
No Ordinary Place. No Ordinary Festival
Queenstown, Tasmania | 14–16 October 2016 | theunconformity.com.au No ordinary place. No ordinary festival. 1 WELCOME TO QUEENSTOWN and Tasmania’s West IN 2016, The Unconformity will once again Coast for The Unconformity. This festival is really like no bring an exciting program of contemporary arts other, one that must be experienced to be believed. experiences to Queenstown and surrounds. These arts experiences are as varied and An unconformity is an area of rock that shows a geological unique as the voices they represent with works break in time. The Unconformity Festival bridges every by local, national and international artists. layer of the West Coast and, like its geological namesake, indicates a break in the region’s past and present. It brings The value the Festival brings to the Queenstown the community together to celebrate Queenstown’s rugged community is significant. It encourages backbone, unique arts culture and unmatched sense of place. community members to come together and participate in the arts and the calibre of its This year’s festival program showcases local, interstate program attracts more visitors to the region and overseas artists to present a weekend for everyone each biennial year. The Unconformity compels to enjoy. It is as dramatic as the surrounding landscape. visitors to engage with and explore the unique The Tasmanian Government is proud to support The region that is Tasmania’s remote West Coast, Unconformity in 2016. Congratulations to the team behind drawing them back again and again. the festival who, along with the Queenstown community, Over the past six years, the festival bring this extraordinary mix of arts and heritage together has flourished and grown and is now a for all of us to embrace. -
The Information Quality of Derivative Disclosures in Corporate Annual Reports of Australian Firms in the Extractive Industries
THE INFORMATION QUALITY OF DERIVATIVE DISCLOSURES IN CORPORATE ANNUAL REPORTS OF AUSTRALIAN FIRMS IN THE EXTRACTIVE INDUSTRIES Mohamat Sabri Hassan B.Ac (Hons.) (Universiti Kebangsaan Malaysia), M.Social Science (Southampton) A dissertation submitted for the degree of Doctor of Philosophy within the School of Accountancy at Queensland University of Technology 2004 Keywords: Disclosure quality; transparency; disclosure index; financial instruments; derivative instruments; market value; extractives industries. ii ABSTRACT Recent events in the business world have focused attention on the importance of high quality financial reporting. Of particular interest is where the collapse of prominent companies such as Baring Plc. was due to the company’s involvement with derivative instruments. In Australia, some derivative instruments are not recognised in the balance sheet. However, the Australian accounting standard AASB 1033 Presentation and Disclosure of Financial Instruments requires extensive disclosures to overcome the lack of guidance with regard to the recognition and measurement. Therefore, AASB 1033 may be regarded as a high quality disclosure standard. This thesis investigates the transparency or information quality of derivative disclosures of Australian firms in the extractive industries using 1998 to 2001 financial reports. The extractive industries play a major role in the Australian economy, where they generated exports worth more than A$30billion in 2000 to 2002 (Department of Foreign Affairs and Trade, 2003a and 2003b). Further, firms in the extractive industries extensively use derivative instruments for hedging purposes (Berkman, Bradbury, Hancock and Innes, 1997). The objective of this study is, first, to examine the relationship between the transparency or disclosure quality of derivative information and firm characteristics. -
Aussie Mine 2016 the Next Act
Aussie Mine 2016 The next act www.pwc.com.au/aussiemine2016 Foreword Welcome to the 10th edition of Aussie Mine: The next act. We’ve chosen this theme because, despite gruelling market conditions and industry-wide poor performance in 2016, confidence is on the rise. We believe an exciting ‘next act’ is about to begin for our mid-tier miners. Aussie Mine provides industry and financial analysis on the Australian mid-tier mining sector as represented by the Mid-Tier 50 (“MT50”, the 50 largest mining companies listed on the Australian Securities Exchange with a market capitalisation of less than $5bn at 30 June 2016). 2 Aussie Mine 2016 Contents Plot summary 04 The three performances of the last 10 years 06 The cast: 2016 MT50 08 Gold steals the show 10 Movers and shakers 12 The next act 16 Deals analysis and outlook 18 Financial analysis 22 a. Income statement b. Cash flow statement c. Balance sheet Where are they now? 32 Key contributors & explanatory notes 36 Contacting PwC 39 Aussie Mine 2016 3 Plot summary The curtain comes up Movers and shakers The mining industry has been in decline over the last While the MT50 overall has shown a steadying level few years and this has continued with another weak of market performance in 2016, the actions and performance in 2016, with the MT50 recording an performances of 11 companies have stood out amongst aggregated net loss after tax of $1bn. the crowd. We put the spotlight on who these movers and shakers are, and how their main critic, their investors, have But as gold continues to develop a strong and dominant rewarded them. -
To Be Renamed Ausmex Mining Group Limited
Eumeralla Resources Limited ACN 148 860 299 to be renamed Ausmex Mining Group Limited PROSPECTUS For the offer of up to 75 million shares at an issue price of $0.08 each to raise up to $6,000,000 (before costs) (public offer). The public offer is subject to a minimum subscription requirement of $4,000,000. The public offer is not underwritten. This prospectus is a re-compliance prospectus for the purposes of satisfying chapters 1 and 2 of the listing rules and to satisfy ASX requirements for reinstatement of the company’s securities to trading following a change in the nature and scale of the company’s activities. The offers made under this prospectus and the issue of securities pursuant to this prospectus are subject to and conditional on satisfaction of the offer conditions. If the offer conditions are not satisfied, no securities will be issued pursuant to this prospectus and the company will repay all money received from applicants without interest. Lead manager Solicitors to the Offers CPS Capital Group Pty Ltd Blackwall Legal LLP Level 45, 108 St Georges Terrace Level 6, 105 St Georges Terrace Perth WA 6000 Perth WA 6000 This document is important and should be read in its entirety. If after reading this prospectus you have any questions about the securities being offered under this prospectus or any other matter, then you should consult your stockbroker, accountant or other For personal use only professional advisor. The shares offered by this prospectus should be considered as highly speculative. CONTENTS 1. CORPORATE DIRECTORY ............................................................................................. 3 2. -
Case Study: Rio Tinto Iron Ore (Pilbara Iron) Centralized Monitoring Solution
Case Study: Rio Tinto Iron Ore (Pilbara Iron) Centralized Monitoring Solution of 2007, seven mines all linked by the world’s largest privately owned rail network. CHALLENGES To meet the growing demand for their iron ore, particularly from the ever-growing Chinese market, Pilbara Iron were faced with the challenge of increasing production from their mining operations, or more importantly preventing stoppages in production, while maintaining quality. It was recognized that the process control systems at their processing plants were critical assets required to be available and reliable while keeping the plant within the optimal production limits. At the same time the mining industry, like most industries, was and is facing a worldwide shortage of skilled labor to operate and maintain their plants. Rio Tinto Iron Ore Figure 1. Pilbara Iron’s operations has the added burden of very remote mining operations, making it even harder to attract and retain experienced and skilled labor, PROFILE particularly control and process engineers. The mining operations of Rio Tinto Iron Ore (Pilbara Iron) in Australia are located in the Pilbara Region, In order to offer the benefits of living in a a remote outback area in northwest Western modern thriving city, a group of process control Australia, some 1200 kilometers from Perth. Pilbara professionals was established in Perth. Iron has three export port facilities and, by the end The members of this team came from Rio Tinto A WEB-BASED SOLUTION Asset Utilization, a corporate support group To meet this need a centralized monitoring solution established within Rio Tinto at the time to address was established, with data collection performed at performance improvement across all operations the sites and analysis and diagnosis undertaken worldwide, and Pilbara Iron itself. -
Mount Lyell Abt Railway Tasmania
Mount Lyell Abt Railway Tasmania Nomination for Engineers Australia Engineering Heritage Recognition Volume 2 Prepared by Ian Cooper FIEAust CPEng (Retired) For Abt Railway Ministerial Corporation & Engineering Heritage Tasmania July 2015 Mount Lyell Abt Railway Engineering Heritage nomination Vol2 TABLE OF CONTENTS BIBLIOGRAPHIES CLARKE, William Branwhite (1798-1878) 3 GOULD, Charles (1834-1893) 6 BELL, Charles Napier, (1835 - 1906) 6 KELLY, Anthony Edwin (1852–1930) 7 STICHT, Robert Carl (1856–1922) 11 DRIFFIELD, Edward Carus (1865-1945) 13 PHOTO GALLERY Cover Figure – Abt locomotive train passing through restored Iron Bridge Figure A1 – Routes surveyed for the Mt Lyell Railway 14 Figure A2 – Mount Lyell Survey Team at one of their camps, early 1893 14 Figure A3 – Teamsters and friends on the early track formation 15 Figure A4 - Laying the rack rail on the climb up from Dubbil Barril 15 Figure A5 – Cutting at Rinadeena Saddle 15 Figure A6 – Abt No. 1 prior to dismantling, packaging and shipping to Tasmania 16 Figure A7 – Abt No. 1 as changed by the Mt Lyell workshop 16 Figure A8 – Schematic diagram showing Abt mechanical motion arrangement 16 Figure A9 – Twin timber trusses of ‘Quarter Mile’ Bridge spanning the King River 17 Figure A10 – ‘Quarter Mile’ trestle section 17 Figure A11 – New ‘Quarter Mile’ with steel girder section and 3 Bailey sections 17 Figure A12 – Repainting of Iron Bridge following removal of lead paint 18 Figure A13 - Iron Bridge restoration cross bracing & strengthening additions 18 Figure A14 – Iron Bridge new -
Application by Robe River Mining Co Pty Ltd and Hamersley Iron Pty Ltd
AUSTRALIAN COMPETITION TRIBUNAL Applications by Robe River Mining Co Pty Ltd and Hamersley Iron Pty Ltd [2013] ACompT 2 Citation: Applications by Robe River Mining Co Pty Ltd and Hamersley Iron Pty Ltd [2013] ACompT 2 Review from: Treasurer of the Commonwealth of Australia Parties: Robe River Mining Co Pty Ltd, North Mining Ltd, Pilbara Iron Pty Ltd, Rio Tinto Ltd, Mitsui Iron Ore Development Pty Ltd, Nippon Steel Australia Pty Ltd & Sumitomo Metal Australia Pty Ltd Hamersley Iron Pty Ltd, Hamersley Iron-Yandi Pty Ltd, Robe River Mining Co Pty Ltd, North Mining Ltd, Pilbara Iron Pty Ltd, Rio Tinto Ltd, Mitsui Iron Ore Development Pty Ltd, Nippon Steel Australia Pty Ltd & Sumitomo Metal Australia Pty Ltd File numbers: ACT 3 of 2008 ACT 4 of 2008 Tribunal: MANSFIELD J (PRESIDENT) MR R SHOGREN (MEMBER) MR R STEINWALL (MEMBER) Date of judgment: 8 February 2013 Catchwords: ACCESS TO SERVICES – review of Minister’s decisions to declare two services under s 44H of Trade Practices Act 1974 (Cth) – where Minister had failed to consider proper test in applying criterion (b) in s 44H(4) – private profitability test – whether there was material which could satisfy the Tribunal about criterion (b) properly considered ACCESS TO SERVICES – review of Minister’s decisions to declare two services under s 44H of Trade Practices Act 1974 (Cth) – review being conducted after significant passage of time – extent of power of presiding member under s 44K(6) – whether in circumstances presiding member could request National Competition Council to secure experts -
Emerging Players in Global Mining Public Disclosure Authorized Public Disclosure Authorized
Extractive Industries and Development48882 Series #5 June 2009 Public Disclosure Authorized Emerging Players in Global Mining Public Disclosure Authorized Public Disclosure Authorized Dr. David Humphreys The World Bank 1818 H Street, N.W. Washington, D.C. 20433 USA www.worldbank.org/ogmc (OR /oil OR /gas OR /mining) Public Disclosure Authorized www.ifc.org/ogmc (OR /oil OR /gas OR /mining) World Bank Group’s Oil, Gas, and Mining Policy Division Oil, Gas, Mining, and Chemicals Department A joint service of the World Bank and the International Finance Corporation The Oil, Gas, and Mining Policy Division series publishes reviews and analyses of sector experience from around the world as well as new findings from analytical work. It places particular emphasis on how the experience and knowledge gained relates to developing country policy makers, communities affected by extractive industries, extractive industry enterprises, and civil society organizations. We hope to see this series inform a wide range of interested parties on the opportunities as well as the risks presented by the sector. The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors and should not be attributed in any manner to the World Bank or its affiliated organizations, or to members of its Board of Executive Directors or the countries they represent. The World Bank does not guarantee the accuracy of the data included in this publication and accepts no responsibility whatsoever for any consequence of their use. Extractive Industries