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HEADLINE 1 ‘SQUAE’ROLLERSREDUCETYREWEAR AT MINES AROUND THE WORLD

HEADLINE 3 INEW RESEARCH CLUSTER TO TARGET LIVESTOCK GAS EMISSIONS

HEADLINE 2 ENERGY GIANT INVESTS IN LIQUID FUTURE

CLEANINGUP AUSTLIA’S ENERGY FUTURE

Why IPO fever is bursting out again

EXPLORERENCOUNTERSGAS IN BATTEN TROUGH

How safe are you as the threat of a cyber attack intensifies?

EXPLORERENCOUNTERSGAS IN BATTEN TROUGH

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Financial Meltdown on Wall Street

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TheMiningOil and Gas Guide

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Can Savile Row conquer America?

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contents The Mining Oil and Gas Guide EDITOR’S LETTER

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TrafficControl Protective Wear

& 13 Shipping Transportation

15 Security

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Emergency

23 Directory

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BUSINESSMAG • ISSUE JULY 2011

BUSINESSMAG • ISSUE JULY 2011

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WORLD ECONOMY JOHN DOLE

by

Chief Editor

‘Square’rollersreducetyrewear at mines around the world

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BUSINESSMAG • ISSUE JULY 2011

BUSINESSMAG • ISSUE JULY 2011

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FOR decades, theBroons ‘square’ ImpactRollerhasbeen improvingtherunning surfaceon haul roads,tipheads and pitfloors, resultingin reducedhaul trucktyrewearatminesitesaround the world. Largeor sharp rockscan slicethroughand criticallydamageeven a brand newtyre, whilesmaller rockscan lodgebetweenthelugsandeventually penetrateandcausepunctures. By turningrocksintorubble, theroller can improvea mine’styremanagement regime, simultaneously reducing mechanicalwearand tearonhaultruck suspension and associatedcomponents whiledelivering lowermaintenance requirementsand a reduction inspare partscosts. Towed bya270 horsepower to 330hp tractor,the1.3m-wide8t(BH-1300MS) and 1.95m-wide12t(BH-1950MS) modulesquicklyreduce thelargeand sharp-edged rocks,allowing haul trucksto traveleasilywithout thefear oftyredamage. Thecostofa Broons‘square’ Impact Rollercan berapidlyrecouped by mining companies,through thesavings made fromimprovedtyrewearand reduceddamageto haultrucksandtheir tyres.

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Energy giant invests in liquid future

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BUSINESSMAG • ISSUE JULY 2011

BUSINESSMAG • ISSUE JULY 2011

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UEENSLANDisLorem Ipsum is simply dummy text knownto haveoof the printing and typesetting neof therichest industry. Lorem Ipsum has been sourcesofonshoreCSGreservesin Australia, parthe industry’s standard dummy text ticularlywithin theBowever since the 1500s, when an unen and Suratbasins. known printer took a galley of type and scrambled it to make a type TheGLNG(GladstoneLNG) project in South Eastspecimen book. It has also the leap Queenslandwilluseworldinto electronic typesetting, firsttechnologyto processCSGinto LNGand isexpected pending environmental and statetoproduceitsfirst exportsin 2015. approvalsto separate hydrocarSantosGLNG willconvert CSGfrom bonsfromthegasbefore transferto theBowen and Suratbasins to LNG, Gladstone. and willinvolvetheconstruction and connectionofa 420kmgastransmisEstimatedtocostUS$16 billion,the sion pipelinefromthegasfieldsto projectwillcreate5000 jobsduring a 7.8milliontonnesperannumtwoconstruction and 1000jobsdurtrain processing facilityon Curtis ing operation,and willpromoteIsland andtwo LNGstoragetanksin Queensland’s LNGexport industryGladstone, which arecurrentlytothethird-largest intheworld. underconstruction. A gas treatment facilitywillbebuilt in Wallumbilla,

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WORLD ECONOMY

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Newresearch collaboration aims to improve the between a teamof scientists measurement and andthe CSIRO’sSustainable management of AgricultureFlagshipisaiming methane emissions for toreduceAustralia’s overall grazing lands in northern greenhousegas emissions Australia, thought to be bytargeting oneof itskey sponsible for five per cent

re-

contributors– burpinglivestock.of the country’s overall greenhouse gas emissions. AccordingtotheCSIRO, Australian agriculture directlyIn a statement, University accountedfor about10 per of Melbourne project leader centof the country’s Professor Deli Chen said that greenhousegas emissions; the LMRC would draw on the theLivestock MethaneResearchskills of world-leading research

Cluster(LMRC)intendsto institutes to accurately measure lessenthis impact.methane emissions from livestock under real grazing conditions. Led byresearchersfrom the UniversityofMelbourne,theLMRC

BUSINESSMAG • ISSUE JULY 2011

BUSINESSMAG • ISSUE JULY 2011

Newresearchcluster to target livestock gas

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BUSINESS TECHNOLOGY

WORLD NEWS

CleaningupAustralia’s energy future

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A recentWorld WildlifeFund study, Clean Economy, Living Planet,found thatdespitemarginally improving developmentofitsclean energy industry, Australiarankedjust26of40 countriesin termsofcleantechnology productmanufacturing, lagging behind countries such asChina,Korea,theUS and Russia. Locally,however, the Clean EnergyCouncil(CEC) is workingtochangeAust ralia’sstanding among theworld’susersofclean energy. TheCECisa national not-for-profitorganisationthat representsAustralia’sclean energy sector, madeup ofmorethan 600 membercompanies thatoperate inthe

Highlight Paragraph Lorem Ipsum is simply dummy text of unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting,

fieldsofrenewableenergyand energy efficiency, developing ordeploying all major‘clean’energytechnologies. TheCECpromotesawarenessofthe cleanenergyindustrythrough leadership and businessopportunities such as industryevents, meetings, newsletters, directoratesand media interaction.Membersof theCEC

receivea rangeofbenefits,including: advocacyontheirbehalftodrive governmentpolicies;opportunitiesto participatein industrydevelopment programs;informationon marketand regulatorydevelopmentsand governmentpoliciesandprograms;and media updatesandinvitationsto memberonlyevents.

On Thursday28 June2012YancoalAustralia waslisted ontheAustralian StockExchangefollowing itsmerger with GloucesterCoalLimited.YancoalAustralia Limited isexpected to beAus- tralia’slargest listed pureplaycoal producer. ThemergerbetweenYancoaland Gloucesterwillcreatea significantand growingcoalcompanywitha diversi- fied product mixofmetal-

lurgicaland thermalcoalminesin NewSouth Wales and Queensland.

Itwillbeninth largestpure-playcoal companyglobally(based on reserves), with 3.4Btofresources, 697Mtofre- servesandplansto growsaleablepro- ductionto approximately 25Mtpa to 33Mtpa by2016 (equitybasis).

TheDuralieOpen CutOperation is locatedinthesouthern partofthe GloucesterBasin, 20 kilometres south ofGCL’sStratford Operation.

BUSINESSMAG • ISSUE JULY 2011

BUSINESSMAG • ISSUE JULY 2011

DESPITE itsposition asaworld leaderin theprovisionofmajor naturalresources such as oiland gas, Australia isbeing overshadowed byits majortrading partnersin onekeyarea ofdevelopmen t:itsuseofcleanenergy generationmethods.

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ARTICLES JOHN DOLE

by

Chief Editor

The mystery of Russia’s dangling carats

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting,

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TheSovietUnionhad beentotallydependentontheworldwide diamond monopolyofDeBeersforits industrial diamonds, buta loominginternational embargothreatenedtheregion’s supply Stalin knew thesituation required urgentaction, and theSovietsembarkedon a bullish and widespread explorationprogram:sending outnumerous geologicalteamstolocatea local, moredependable supply. Diamond mineshad neverbeen establishedin theSoviet Union priorto Stalin’scampaign, but in June1955– against all odds, and after 10 yearsof aggressiveexploration – a younggeologist namedYuri

BUSINESSMAG • ISSUE JULY 2011

BUSINESSMAG • ISSUE JULY 2011

IN 1945, the Soviet Union,despiteits status as a recognised global super power, desperatelyneededto rebuild itswar-ravaged economy. In lightof this, Joseph Stalindecreedth at the discoveryof industrialdiamonds(or kimberlite)– usedin oiland gasexploration,thecreation ofprecision mechanicalpartsandvariousotherindustrialapplications– withinRussia’svastborderswasofthehighe stpriority.

Khabardin discovered afoxhole ina ravinein Eastern Siberia. After determiningthehigh diamond contentofthe area, he sentthefollowing messageoverhisshortwave radio:“Iamsmokingthepipeof peace”– a pre-arranged codephrase thatindicatedhehadfoundkimberlite and determined,throughtesting, thatit wasmineable.

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CleaningupAustralia’s energy future

Explorerencountersgasin Batten Trough

HAVING comprehensivelyestab lisheditselfas theworldleaderin iron oreproduction througha numberofacquisitions and exploration successes, diversemetals behemoth Valeisnow lookingto increaseits coalfootprintbothin Australia andoverseas with asimilarlevelof achievement.

BUSINESSMAG • ISSUE JULY 2011

portfoliothat includesan integrated open cutand underground minein NSWand two Queensland mines, aswellas assetsin Mozambique, Colombiaand China.

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In May2011, sixyears afterVale’sBrisbane officeopened, thecompanyannounced thatit was seeking approval from itshead office for more than $2 billion in funding to purchase CentralQueensland coal projects in2012. “In sevento 10years’ time,Iwouldn’tbe surprised ifValewasone of thefourlargestplayers

inAustralia intermsof coal,” Valeglobal managingdirectorofcoal DecioAmaralsaidatthe timein aninterviewwith TheCourierMail. Itsdealsto datewith AMCIand Aquila Resourceshavegiven Valefullorpart ownershipofthreeoperating mines–IsaacPlainsand CarboroughDownsnear Moranbahin Queensland,andIntegra Coal in NSW. Italsohasthree advancedprojectsinthe pipeline, including the$640 million Ellensfield undergroundcoalproject, which willbeoperated byVale subsidiary EllensfieldCoalManagement(ECM)and

whichis due forcompletioninthesecondhalfof2012. TheEllensfieldproject willinvolvethedevelopmentofa state-of-the-art undergroundlongwallminein Central Queensland’sBowenBasin. Themine isforecast to produceabout5.5 milliontonnesperannumof exportcoking coaland thermalcoalforaproject lifeofabout20years.

NEWLYASX-listed ArmourEnergyhas encountered gas in thehighly prospectiveBatten Trough. TheAustralianbasedcompany, whichisfocused ontheNorthern Territory’shydrocarbon province,estimatedit couldrecover18.6 trillioncubicfeetofgas and 2 billionbarrelsof liquidfromits11,000 squarekilometreEP171 and 176tenements. TheCowLagoon 1well hitgasatdepthsbetween 342mand 540min atight calcitecemented dolomiteshalewith poorporosityand permeability.Armourstatedthatthediscovery demonstratedthebroad presenceofboth gasgenerating shalesand dolomitesofreservoir potentialin thetrough, which lies inthe MacArthurBasin. In a statement releasedto sharehold-

ers, Armoursaiditexpected to completetheCowLagoon 1 bycollec tingcoresthroughtheBar ney CreekShaleand CoxcoDolomiteto testthermal maturity,andfororganic carboncontent, liquids and gas. Thecompanystated that thedrilling rig would then bemoved tothe KilgourAnticlineto test forapotentially liquid-rich gaswindowat1700m.

Armouris targeting liquid-rich gas breakthroughsacross theBatten Troughto definegas resourcesasthefirst step

BUSINESSMAG • ISSUE JULY 2011

T h e c o m p a n y ’s g l o b a l coaldivision, whichis headquarteredin Brisbane, overseesa

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reserves by 2013. It is the only company to have identified shale potential in the Northern Territory. Gas was discovered in the region in 1979, when a zinc exploration drill hit the Coxco Dolomite wet gas window underlying the Barney Creek Shale at a depth of 500m and flowed at 300,000 standard cubic feet per day.

BUSINESSMAG • ISSUE JULY 2011

Armour listed on the ASX in late April, raising $75 million during its initial public offering.

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