CAPITAL MARKETS

BMA's FIFO ops face review

QUEENSLAND's new Mines Minister Anthony Lynham is already planning to review BHP Billiton Mitsubi...

Blair Price

This article is 10 years old. Images might not display.

In its election campaign the state Labor Party promised to oppose any new proposals to establish 100% FIFO mines.

"We're reviewing the previous 100% FIFO mines (Daunia and Caval Ridge) and we are also making sure we don't have 100% FIFO for new mines," Lynham told the ABC on Tuesday.

He said the review would start “as soon as possible”.

"People don't want this left up in the air,” he said.

"Families are listening to when this is going to be sorted. We do hope we will be able to sit down with the mining companies and have a sensible chat and work out solutions to this problem.”

Lynham, a maxillofacial surgeon who missed out on the health portfolio, told the ABC last month, while on the campaign trail, he opposed New Hope’s Acland coal mine expansion.

“We're not going to sell our farmers out to the interests of mining like they [the Liberal National Party-led government at the time] have done," he said.

Queensland Resources Council CEO Michael Roche has warned that BMA’s 100% FIFO approvals should not be retrospectively changed.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

MiningNews.net Research Report 2025

The MNN Research Report 2025 provides insights into critical mining themes in Australia/Oceania, including top projects, C-suite priorities, risk, ESG performance and investor sentiment.

editions

Mining Journal Intelligence: Investor Sentiment Report 2025

Exclusive insights into the plans, priorities and preferences of 130+ mining investors and top factors influencing investment decisions in 2025.

editions

Mining Journal Intelligence World Risk Report 2024 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 117 jurisdictions globally, assessed across six risk categories and an industrywide survey.

editions

Mining Company ESG Index: Benchmarking the Future of Sustainable Mining

The Mining Company ESG Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.