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!

Chinese police armed with a rifle. (Photo credit: Adobe Stock)

Coal orders stop as China orders a freeze on imports

New Australian coal orders are being suspended after China’s customs has ordered a freeze on further imports. Major buyers

Glencore underground mine

Mining giant succumbs to climate change activism

One of the world’s largest diversified resource companies has yielded to mounting pressure from climate change activism, and will

W.E. Smith Lloyds auction

Liquidation auction sells equipment starting at $1

A defunct engineering company is liquidating all of its plant and equipment assets through an auction with no reserve.


Leave a reply:

Your email address will not be published.

Mobile Sliding Menu