Tag: Mining Industry
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Mortgage-free baby boomers helping pump up Skroo’s huge earnings boost
Managing director and co-founder Graham “Skroo” Turner said the company expected an underlying profit before tax of between $270 million and $310 million for the full year. “The mid-point – $290 million – represents almost 175 per cent growth on full year 2023 and is broadly in line with current market consensus,” Turner said. For…
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Will mining industry lose its voice when the man called ‘Chainsaw’ walks away?
Macfarlane has led the organisation through one of its most turbulent times and has drawn criticism over his leadership, particularly in taking the industry into political waters through its campaign against the Greens at a state election. That also led to BHP suspending itself from the organisation. Macfarlane took a more aggressive approach to the…
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Coal wars ramp up as Premier calls for resources lobby boss to be shown the door
Her call followed the launch last week of a major advertising campaign funded by mining companies against the government’s new regime of mining royalties which the industry has claimed were now the highest in the world and would severely impact commercial operations. The QRC has not revealed the cost of the campaign but there have…
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How a measly $2 sparked a “whatever it takes” war between big coal and Labor
If the Government’s claim is correct, a lot is being put at stake for $2. What’s likely to occur is a two-year brawl, funded by a reported $40 million from the resources industry and in what Queensland Resources Council boss Ian Macfarlane told The Australian would be a “whatever it takes” campaign. It will be…
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China’s carbon cutback plans already impacting resources sector: ANZ
There is a public and investor demand for that change. Before COVID-19 came along there were estimates that climate issues led to protests in 185 countries in 2019. And the University of Sydney released a report today saying that if no new fossil fuel developments were approved anywhere in the world, carbon emissions from existing…
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Treasurer close to landing $100m mining pact
The State Government is poised to get a deal from the mining industry on its $100 million infrastructure fund. The Government wants the industry to voluntarily add $70 million to the fund with the benefit of not having a royalty increase for three years. The remaining $30 million would come from the Government. The money…