Copper, gold and nickel feature in Andrew Forrest’s new Australian mining venture
The head of Pilbara based iron ore mining group Fortescue Metals, has embarked on a new initiative to collect abandoned and under-developed mineral projects in Australia.
“how to manage the next phase of mining in Australia”
Andrew Forrest has come out saying that owing to a new era in mining which has evolved over the last few years, the time is right to think about where and how to manage the next phase of mining in Australia. Mr.Forrest’s approach is to develop this new venture with old mates who collaborated with him when Fortescue Metals Group was just a fledgling business.
Although the crew behind this new venture would include a few of the original Fortescue Metals Group team, this new venture would not interfere with Fortescue`s current operations now and into the future.
Looking to create world-leading mining operations
In a statement, Forrest said: “We are looking to create world-leading mining operations from areas and geology previously thought unable to support investment. Our willingness to support new technology, innovation and leadership unlocks great potential in abandoned or unexplored greenfield tenements.”ť
“The mining cycle appears to be reaching a generational low ebb with a depressed commodity market and cheap capital available. We are taking a counter-cyclical and long-term view with the aim of creating jobs across the country.”ť
Copper, gold or nickel are the minerals Forrest is reportedly going after in this new venture.
Still plenty of jobs going in the mining and resource sector
The chances of hearing about new mining ventures such as the one Andrew Forrest is embarking on, rarely reach the radio or TV stations. This being the case, many people who are looking towards a better future in mining employment miss out on these opportunities.
With this in mind, over 5 years ago iMINCO created a weekly email newsletter called Project News. The email is packed with new stories from the mining and resource sector to help those who are looking towards the resource sector for employment.
Despite the slowing of the mining sector, contrary to what we are led to believe, there are still mining job opportunities for those who have the skills, attitude, qualifications and experience. Even those people who have never worked in the mining sector before can still find opportunities – if they are prepared to work for it.
iMINCO Project News is free, it does not cost anything to read. There are no obligations or time frames, just leave your email and we’ll send you the latest mining news.. it’s as simple as that. Don’t miss out on the latest opportunities in mining and the resource sector.
Learn more about the Bowen Basin mining location.
The Bowen Basin contains the largest coal reserves in Australia. This major coal producing region contains one of the worldâ€™s largest deposits of bituminous coal.
The Basin contains much of the known Permian coal resources in Queensland including virtually all of the known mineable prime coking coal. It was named for the Bowen River, itself named after Queenslandâ€™s first Governor, Sir George Bowen.
The Bowen Basin covers an area of over 60,000 square kilometres in Central Queensland running from Collinsville to Theodore and is dotted with many coal mines operated by multiple mining companies.
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