Top five mining stories last week

Stay on top of the most popular stories on Australian Mining over the past week, including the expected surge in demand for mining jobs to support new projects in the next five years.

Australian mining needs 21,000 new workers by 2024

Australia’s mining industry will require around 21,000 new onsite operational employees by 2024 in order to meet the demand for mining projects.

The forecast was made by the 2019-2024 Mining Workforce report released by the Australian Resources and Energy Group, AMMA. Read more…

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Byerwen coal mine opens to boost QLD economy

The opening of the Byerwen coal mine in North Queensland has been welcomed by the resources industry ahead of its anticipated contribution to the state.

The $1.76 billion joint venture between QCoal and JFE Steel is set to employ 350 people during construction and 500 when in full production. Read more…

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BHP CEO suffers pay cut following mining tragedy

BHP has slashed the salary of chief executive Andrew Mackenzie in response to operational issues and a fatality involving a coal miner in Queensland last year.

Mackenzie, whose base salary of $US1.7 million ($2.48 million) hasn’t changed since his appointment in 2013, has seen a significant reduction to his bonus. Read more…

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Barrick signals major gold discovery outside Newmont Goldcorp JV

Barrick Gold has flagged a significant gold discovery that could deliver at least one more Tier 1 gold mine at its Goldrush-Fourmile project in Nevada.

The gold giant stated it could bring the Fourmile project into the Nevada Gold Mines joint venture (JV) with Newmont Goldcorp, provided agreed investment criteria is met. Read more…

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Aboriginal-owned iron ore producer to create 240 Pilbara jobs

The Australian Aboriginal Mining Corporation (AAMC) has secured $27.1 million in debt funding for the development of the First Iron project in the Pilbara, Western Australia.

First Iron will be Australia’s first Aboriginal-owned iron ore mine. The Northern Australia Infrastructure Facility (NAIF) has provided a $12.5 million loan, while Westpac Banking has agreed to a $14.6 million loan. Read more…

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