Miner merger highlights major confidence in Qld resources

In Infrastructure & Operations, Latest News

The Queensland Resources Council (QRC) has welcomed the proposed merger of local Metallica Minerals and Canadian company Melior Resources as further proof of growing confidence in the State’s resources industry.

Under the proposal, Melior will become a wholly owned subsidiary of Metallica, which will remain listed on the Australian Securities Exchange (ASX).

QRC Chief Executive Ian Macfarlane said he welcomed the recognition, in the merger announcement, on a pipeline of longer term development and exploration assets, all located in Queensland.

These assets include:

– Goondicum Ilmenite & Phosphate rock mine
– Cape York Heavy Mineral Sands and Bauxite Project JV
– Cape Flattery Silica Sands Project
– Esmeralda Graphite Project

“At a time when the resources sector is creating a new job every hour and a $1 billion in exports every week, the proposed Metallica-Melior is further good news for a sector doing great things in Queensland,” he said.

Simon Slesarewich, who will retain the Managing Director’s role, is a QRC Board Member.
Link to the merger announcement to the ASX

You may also read!

Carbon emissions will reach 37 billion tonnes in 2018, a record high

Carbon dioxide (CO₂) emissions from fossil fuels and industry are projected to rise more than 2% (range 1.8% to

Read More...

Queensland calls out Federal LNP for climate inaction

Queensland Minister for Environment and the Great Barrier Reef Leeanne Enoch has joined with other state and territory Ministers

Read More...

Refinery expansion a jobs bonanza for Townsville

A $300 million expansion of the Sun Metals Zinc Refinery is set to bring hundreds more jobs to the

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu