The Resources Inventory

The Resource Inventory is your source for the latest trends regarding the resource industry. We cull the latest information and updates from the energy, oil and gas, and mining industries.

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Canadian Dehua International Mines Group has changed its position, expressing hopes its operations on a coal mining venture in the province of British Columbia will resume, after announcing its already pulling the plug on the project during the weekend.

Australia may have the honor of building the first tidal energy facility in the Southern Hemisphere. And the first step towards that alternative energy facility was taken by Charles Darwin University. CDU recently entered a memorandum of understanding with Tenax Energy to build a research center in Clarence Strait, which is about 60 kilometers north of the city of Darwin. The center is expected to host a pilot tidal energy plant that can generate 2 MW of energy.

San Diego company Uprise Energy is currently developing a new, easily-deployable, and customizable 50kW wind turbine. Packed with over 40 innovations courtesy the Company’s Energy Consumption System, the Uprise design will offer a competitive method for deriving electricity from wind energy.

via The Mining Journal

According to resource industry exports, auctioning off the licenses in exchange of cash will drive operational costs upwards and stunt the growth of the industry, in particular that of coal seam gas. The state government, on the other hand, said that its plans were justified since mining companies had access to the state’s rich resources.

The auctions will start next week through a competitive cash bidding process of the petroleum areas to interested resource proponents – both domestic and international. Accordingly, the preferred bidder, will gain exclusive exploration rights to the land that was made available in the auction. The rights would still be subject to conditions, according to the Queensland government.

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According to the tourism council of Western Australia, the state government should focus efforts on regional communities that are not directly reaping the benefits of the mining boom. While hotel rooms in Perth, Port Hedland, and other mining centres are getting the numbers thanks to the influx of business trips, some regions of WA remain neglected, almost forgotten.

Evan Hall, a member of the tourism council, pointed out how the government has focused too much attention on investing time, money, and infrastructure in this mining hubs, leaving certain towns at the lower end of the mining boom inequity.

Hotel occupancy rates in the boom towns are up to 80% while in areas like Broome and Busselton, the rates are only around 50%. Hall said the numbers reflect the kind of support the towns are getting from both the state government and the private sector; and suggested that both sectors diversify the economy, and develop more balance tourism.

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