MANUFACTURING

Cape Lambert Resources from West Australia has announced that its exploration activities in the Pilbara region has been cancelled following the federal government’s planned imposition of a 40 percent super profit tax on mining industry.

Darwin lost its chance of hosting a $5 billion gas plant and expanding its Sunrise fields, following announcement by Woodside Petroleum Ltd that its joint venture partnership with ConocoPhillips, Shell and Osaka Gas, have opted to build instead a floating platform in the Timor Sea.

Iluka Resources Ltd has reported that demands for high value mineral sands, such as zircon and rutile, increased on key markets in the first quarter of the year following restrained output during the global financial crisis.

The State Mining Engineer has announced that the government is poised to collect millions via a safety regulation tax as the Department of Mines and Petroleum is set to impose fresh steps that will secure the safety performance of the resource industry.