SHIFT MINER The Queensland mining community’s best source of local news
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Monday 13th August 143rd Edition 2012
M A G A Z I N E
Projects slowdown not industry collapse: QRC THE SLOWDOWN in the resources sector has raised questions over the future of 55 proposed mining and industry projects that have been in the pipeline since November last year, according to the Queensland Resources Council (QRC). The QRC lists 66 planned mining projects, but only seven are under construction and four have commitment. Of the remainder, 31 have a mining lease or equivalent and are under study, and 24 have no mining lease or equivalent but are under study. QRC chief executive Michael Roche told Shift Miner that the organisation had always been aware many projects were surrounded by uncertainty. “It’s a bit of a mixed picture. We are certainly seeing evidence that larger mining companies are taking stock of the level of capital commitment of pipeline projects,� he said. While the medium to longer term projects are slowing down, there is still commitment to those already in development. Two significant projects on the brink of development are the GVK-Hancock project in the Galilee Basin and the Xstrata project in the Surat Basin. The go-ahead for these projects underpins the development of other mines, railway and - in the case of Xstrata - the Wiggins Island Coal Export Terminal project. “There is no doubt the market is skittish and no doubt that mining services companies are feeling the slowdown of spend of projects,� Mr Roche said. continued page 6
SUPER SPORTS!
News Sex worker wins appeal Âť page 5 News MAIN pushes safety message Âť page 7 News Kestrel team grabs award Âť page 8
Seeking a better lifestyle?
FRASER COAST under the microscope in part 2 of our "liveability" series.  page 11-17
News Bechtel digs deep for kids Âť page 9
Hawks impress with weekend of soccer and bowling Âť Â Â More pictures page 24
Sport Time to keep 10 Âť page 31
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PERSONAL INJURY EXPERTS All accidents and personal injury claims: s -OTOR 6EHICLE !CCIDENTS s 7ORKERS )NJURY #LAIMS s 0UBLIC ,IABILITY #LAIMS s -INING !CCIDENT #LAIMS s 4OTAL AND 0ERMANENT $ISABILITY )NSURANCE #LAIMS s "OATING AND (OLIDAY !CCIDENT #LAIMS $ARREN 3EKAC IS AVAILABLE FOR CONSULTATIONS AT THE 7HITSUNDAY AND 0ROSERPINE OFlCES ON 4HURSDAY BY APPOINTMENT ONLY
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MACKAY
Money Matters Carbon tax hits Âť page 32