HEADLINE 1‘SQUAE’ ROLLERS REDUCE TYRE WEAR AT MINES AROUND THE WORLD

HEADLINE 2ENERGY GIANT INVESTS IN LIQUID FUTURE

HEADLINE 3INEW RESEARCH CLUSTER TO TARGET LIVESTOCK GAS EMISSIONS

The Mining Oil and Gas Guide

Financial Meltdown on Wall Street FOCUS

CLEANINGUP AUSTLIA’S ENERGY FUTURE

Why IPO fever is bursting out again

EXPLORER ENCOUNTERS GAS IN BATTEN TROUGH

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

EXPLORER ENCOUNTERS GAS IN BATTEN TROUGH

Can Savile Row conquer America?

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EDITOR’S LETTER

4 TrafficControl

7 Protective Wear

13 Shipping & Transportation

15 Security

20 Emergency

23 Directory

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contentsThe Mining Oil and Gas Guide

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‘Square’ rollers reduce tyre wear at mines around the world

FFOR decades, theBroons ‘square’ ImpactRollerhas-been improvingtherunning

surfaceon haul roads,tipheads and pitfloors, resultingin reducedhaul trucktyrewearatminesitesaround the world. Largeor sharp rock-scan slicethroughand critical-lydamageeven a brand newtyre, whilesmaller rockscan lodgebe-tweenthelugsandeventually pen-etrateandcausepunctures. By turn-ingrocksintorubble, theroller can improvea mine’styremanagement regime, simultaneously reducing mechanicalwearand tearonhaul-truck suspension and associated-components whiledelivering low-ermaintenance 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 thesav-ings made fromimprovedtyrewear-and reduceddamageto haultruck-sandtheir tyres.

byJOHN DOLEChief Editor

WORLD ECONOMY

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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 1500s, when an un-known printer took a galley of type and scrambled it to make a type specimen book. It has also the leap into electronic typesetting,

Energy giant invests in liquid future

Q UEENSLANDis-knownto haveo-neof therichest

sourcesofonshoreCSGre- servesin Australia, par-ticularlywithin theBow-en and Suratbasins. TheGLNG(GladstoneLNG)project in South East-Queenslandwilluseworld- firsttechnologyto processC-SGinto LNGand isexpected toproduceitsfirst exportsin 2015. SantosGLNG willconvert CSGfrom theBowen and Suratbasins to LNG, and willinvolvetheconstruction and connectionofa 420kmgastransmis-sion pipelinefromthegasfieldsto a 7.8milliontonnesperannumtwo-train processing facilityon Curtis Island andtwo LNGstoragetanksin Gladstone, which arecurrently-underconstruction. A gas treatment facilitywillbebuilt in Wallumbilla,

pending environmental and state-approvalsto separate hydrocar-bonsfromthegasbefore transferto Gladstone. EstimatedtocostUS$16 billion,the projectwillcreate5000 jobsduring construction and 1000jobsdur-ing operation,and willpromote-Queensland’s LNGexport industry-tothethird-largest intheworld.

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Newresearch collaboration aims to improve thebetween a teamof scientists measurement and andthe CSIRO’sSustainable management of AgricultureFlagshipisaiming methane emissions fortoreduceAustralia’s overall grazing lands in northerngreenhousegas emissions Australia, thought to bebytargeting oneof itskey re-sponsible for five per cent

contributors– burpinglivestock.of the country’s overallgreenhouse gas emissions.AccordingtotheCSIRO, Australian agriculture directlyIn a statement, Universityaccountedfor about10 per of Melbourne project leadercentof the country’s Professor Deli Chen said thatgreenhousegas emissions; the LMRC would draw on thetheLivestock MethaneResearchskills of world-leading research

Cluster(LMRC)intendsto institutes to accurately measurelessenthis impact.methane emis-sions from livestockunder real grazing conditions.Led byresearchersfrom theUniversityofMelbourne,theLMRC

New research cluster to target livestock gas

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Cleaning up Australia’s energy future

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,

DESPITE itsposition asa-world leaderin thepro-visionofmajor naturalre-sources such as oiland gas, Australia isbeing overshadowed byitsmajortrading partnersin onekeyarea ofdevelopment:itsuseofcleanenergygenerationmethods.

A recentWorld Wildlife-Fund study, Clean Econ-omy, Living Planet,found t h a t d e s p i t e m a r g i n a l l y improving developmen-tofitsclean energy industry, Australiarankedjust26of40 countriesin termsofclean-technology product-manufacturing, lagging behind countries such asChina,Korea,theUS and Russia. Locally,however, theClean EnergyCouncil(CEC)isw o r k i n g t o c h a n g e A u s tralia’sstanding among theworld’susersofcleanenergy. TheCECisa national not-for-profitorganisation-that representsAustralia’sclean energy sector, ma-deup ofmorethan 600 membercompa-nies thatoperate inthe

fieldsofrenewableenergyand energy efficiency, developing ordeploying all major‘clean’energytechnologies.

T h e C E C p r o m o t e s a w a r e n e s s o f t h e cleanenergyindustrythrough leadership and businessopportunities such as indus-tryevents, meetings, newsletters, direc-toratesand media interaction.Membersof theCEC

receivea rangeofbenefits,including: ad-vocacyontheirbehalftodrivegovernmentpolicies;opportunitiesto par-ticipatein industrydevelopmentprograms;informationon marketand reg-ulatorydevelopmentsand governmentpoliciesandprograms;and media updatesandinvitationsto member-onlyevents.

BUSINESS TECHNOLOGY

On Thursday28 June2012Yancoa-lAustralia waslisted ontheAustralian StockExchangefollowing itsmerger with GloucesterCoalLimited.Yan-coalAustralia Limited isexpected to beAus- tralia’slargest listed pure-playcoal producer.

ThemergerbetweenYancoaland Gloucesterwillcreatea signifi-cantand growingcoalcompanywitha diversi- fied product mixofmetal-

lurgicaland thermalcoalminesin NewSouth Wales and Queensland.

Itwillbeninth largestpure-playcoal companyglobally(based on re-serves), with 3.4Btofresources, 697Mtofre- servesandplansto grow-saleablepro- ductionto approxi-mately 25Mtpa to33Mtpa by2016 (equitybasis).

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

WORLD NEWS

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The mystery of Russia’s dangling carats

IN 1945, the Soviet Union,despiteits status as a recog-nised global super power, desperatelyneededto rebuild itswar-ravaged economy. In lightof this, Joseph Stalin-decreedth at the discoveryof industrialdiamonds(or kimberlite)– usedin oiland gasexploration,thecreation ofprecision mechanicalpartsandvariousotherindustrial-applications– withinRussia’svastborderswasofthehighestpriority.

TheSovietUnionhad beentotallyde-pendentontheworldwide diamond monopolyofDe-Beersforits industrial diamonds, buta loomingin-ternational embargothreatenedtheregion’s supply Stalin knew thesituation required urgentaction, and theSovietsembarkedon a bullish and widespread explorationprogram:sending outnumerous geological-teamstolocatea local, moredependable supply.Diamond mineshad neverbeen establishedin theSoviet Union priorto Stalin’scampaign, but in June1955–against all odds, and after 10 yearsof aggressiveex-ploration– a younggeologist namedYuri

Khabardindiscovered afoxhole inaravinein Eastern Siberia. Afterdeterminingthehigh diamond contentofthe area, he sentthefollowing messageoverhisshortwave radio:“Iamsmokingthepipeof peace”– a pre-arranged codephrasethatindicatedhehadfoundkimberlite and determined,throughtesting, thatitwasmineable.

byJOHN DOLEChief Editor

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the in-dustry’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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NEWLYASX-listed ArmourEnergyhas encountered gas in thehighly prospec-tiveBatten Trough.TheAustralianbasedcompany,whichisfocusedontheNorthern Territory’shydrocarbon province,estimatedit couldrecover18.6 trillioncubicfeetofgas and 2 billionbar-relsof liquidfromits11,000 squarekilo-metreEP171 and 176tenements.

TheCowLagoon 1well hitgasatdepths-between342mand 540min atight calcitece-mented dolomiteshalewith poorporos-ityand permeability.Armourstatedthat-thediscovery demonstratedthebroad presenceofboth gasgenerating shale-sand dolomitesofreservoirpotentialin thetrough, which lies inthe MacArthurBasin.

In a statement releasedto sharehold-

ers, Armoursaiditexpected to completetheCowLagoon 1 bycol-lec t ingcoresthroughtheBar ney CreekShaleand CoxcoDolomiteto testthermal maturity,andfororganic carboncontent, liquids and gas.

Thecompanystated that thedrill-ing rig would then bemoved tothe KilgourAnticlineto test forapoten-tiallyliquid-rich gaswindowat1700m.

Explorer encounters gas in Batten Trough

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

Cleaning up Australia’s energy future

HAVINGcomprehensivelyestab -lisheditselfas theworldlea-derin iron oreproduction througha numberofacqui-sitions and explorationsuccesses, diversemetals behemoth Valeisnowlookingto increaseitscoalfootprintbothin Aus-tralia andoverseas with asimilarlevelof achieve-ment.

T h e c o m p a n y ’ s g l o b a l coaldivision, whichis head-quarteredin Brisbane, overseesa portfoliothat includesan integrated open cutand underground minein NSWand two Queensland mines, aswellas assetsin Mozambique, Colombi-aand China.

In May2011, sixyears afterVale’sBrisbane offi-ceopened, thecompanyan-nounced thatit was seek-ing approval from itshead office for more than $2 bil-lion in funding to purchase CentralQueensland coal projects in2012.

“In sevento 10years’ time,Iwouldn’tbe sur-prised ifValewasone of thefourlargestplayers

inAustralia intermsof coal,” Valeglobalmanagingdirectorofcoal DecioAmaral-saidatthe timein aninterviewwith The-CourierMail.Itsdealsto datewithAMCIand Aquila Resourceshavegiven Valefullorpartownershipofthreeoperating mines–Isaa-cPlainsand CarboroughDownsnear Mo-ranbahin Queensland,andIntegra Coal in NSW.

Italsohasthreeadvancedprojectsinthe pipeline, in-cluding the$640 million Ellensfield undergroundcoalproject, which willbeoperated byVale subsidiary EllensfieldCoalManagement(ECM)and

whichis due forcompletioninthesecond-halfof2012.

TheEllensfieldproject willinvolvethede-velopmentofa state-of-the-art un-dergroundlongwallminein Central Queensland’sBowenBasin. Themine is-forecast to produceabout5.5 millionton-nesperannumof exportcoking coaland thermalcoalforaproject lifeofabout-20years.

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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.

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