Queensland Government to introduce new Financial Assurance framework and progressive rehabilitation requirements – are you ready?
In February 2018, following various reviews and extensive consultation, the Queensland Government introduced the Minerals and Energy Resources (Financial Provisioning) Bill 2018. The Bill provides for significant changes to the financial assurances framework and amendment to the Environmental Protection Act (EP Act) to implement rehabilitation reforms including progressive rehabilitation and closure plans. Recent cases of resource companies unable to complete their rehabilitation activities have highlighted to the Government issues with the financial assurance framework.
Xenith Named 2018 Australia’s Mining Monthly Mining Consultant of the Year
Xenith has been named 2018 Mining Consultant of the Year thanks to the efforts of their Hunter Valley Office Manager, David Lennard. The judging panel cited that it was David’s efforts to not only work as a consultant but to also provide training and mentoring to clients and colleagues that stood out.
Xenith’s Managing Director, Ken Hill has said “Xenith are pleased to have won this award, the recognition of Xenith’s ability to work with our clients and partners to generate successful outcomes is hugely rewarding. We thank Dave for his significant contributions to building the Xenith brand and delivering value to our clients”.
Through David’s leadership, Xenith have been delivering outstanding value to clients including Yancoal, Glencore, Batchfire and Bengalla Mining Company. David has repeatedly demonstrated his ability to significantly increase the value of client projects over his years in the industry.
A Safer – Quicker – Cost Effective Solution to your site requirements.
Xenith’s experienced and highly motivated UAV pilots are using advanced technology and software to capture survey-accurate data and images for your site requirements. The team is CASA certified and operate under our ReOC (Remote Pilot Operators Certificate) utilising the latest PPK (Post Processing Kinetics) to achieve survey-level accuracy across mine sites, exploration areas, quarries and stockpiles.
Xenith is pleased to be assisting Bowen Coking Coal with their current exploration program at Blackwater.
Xenith are providing exploration management, field geology and SSE services with the work expected to wrapped up before Christmas.
Congratulations Simon Bruzzone from Queensland Coal Investments (QCI), for first place in this year’s NRL tipping competition. Simon finished the season on a total of 168 points followed by Xenith’s own Tim Mayes on 164 and Josh Hill (HHNA) on 160.
Thank you to all of our clients and colleagues who joined us in this year’s competition. We look forward to some more banter in 2018!
5 September 2017
ASX Announcement Further Extension to Blair Athol Mine Life
TerraCom Limited (TerraCom or the Company) (ASX:TER) is pleased to announce a further upgrade to the Blair Athol Mine JORC Reserve and Resources. Independent experts Xenith Consulting Pty Ltd (Xenith) and TerraCom have conducted further work since the last announcement in November 2016 and has been able to upgrade the total Blair Athol Mine JORC Reserves to 15.6mt and increase the JORC Measured Resource to 21.9mt. The coal reserves and resources have been estimated in accordance with the standards outlined in the JORC code (JORC, 2012) and the Coal Guidelines 2014.
Xenith was pleased to assist Stanmore with further technical studies resulting in updated JORC estimates for their Isaac Plains mine during July and August
Stanmore announces Updated JORC Resource for Isaac Plains Complex
- Total JORC Resource has increased from 76.9Mt to 79.2Mt with a significant level (70%) as Measured and Indicated ResourcE
- Total Resource includes the open cut and underground JORC Resource for the Isaac Plains mine (48.5Mt) and Isaac Plains East Project (30.7Mt)
Stanmore announces JORC Reserve Increase for Isaac Plains Complex
- Total JORC ROM Reserve has increased by 8% from 15.2Mt to 16.4Mt
- Open-cut mine life has increased to provide a mine life to 2029 that include the Isaac Plains East Project area and additional strips at Isaac Plains
- Strip ratio at Isaac Plains East Project is significantly lower for the first 3 years than current open-cut operations at Isaac Plains
- Additional coal quality drilling at Isaac Plains East Project displays improved coal rank and yield for semi-soft coking product relative to Isaac Plains
It is hard to believe it has been 7 weeks since our EOFY celebration! We wanted to thank everyone who took time out of their busy schedules to join us and enjoy the day. Once again it was a great turn out, where some of us managed to network into the night…
The industry is becoming buoyant again, large deals are being made and investment dollars are coming back in to the sector. Xenith are continuing to move with the new sentiment and grow our services offering.
As many of you were introduced to the new UAV survey capability on the day, we are now actively flying for rehabilitation and end of month requirements at mine sites in Queensland.
We again thank you all for coming and look forward to working with you in FY18.
Xenith recently attended the Sydney Basin Symposium held at the Mercure Hunter Valley as one of the major sponsors for the event.
The Sydney Basin Symposium brings together geologists from industry, consulting, university and government to present and discuss the results of recent research projects and developments. As with its sister symposium, the Bowen Basin Symposium, it provides an excellent opportunity to reconnect with colleagues and stay up to date with developments in coal technology.
REALM Resources has updated the coal resources and reserves for its PT Katingan Ria in Indonesia in accordance with the JORC Code 2012.
PT Katingan’s coal resources are 87.5 million tonnes, split 6.5Mt measured, 44Mt indicated and 37Mt inferred, while coal reserves are 27.4Mt.
PT Katingan Ria coal is a typical low rank, sub-bituminous thermal coal with low sulphur and nitrogen contents and complies with the Argus Indonesian Coal Index.
Pit optimisation was carried out on the PT Katingan Ria deposit in a previous mining and barging options study conducted by Xenith in February 2013.
This study delineated an area of the deposit that was economical to mine at a reasonably low product coal sales price.
The current PT Katingan Ria life of mine pit used in the recent reserves statement was within the economic mining limits.
Xenith have been engaged by Sindh Engro Coal Mining Company (SECMC) to provide JORC Compliant Coal Resource & Reserve Estimates on the Thar Block II Coal project in the Tharparkar district in Sindh Province of Pakistan.