Tributes flow for late mining boss Reinhold Schmidt
It was a rallying cry that spoke to Yancoal's rank outsider status in the multi-billion-dollar bidding war for Rio Tinto's best NSW coal mines in 2016.
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West Australian
20 hours ago
- West Australian
Resources Technology Showcase 2025 to inspire the next generation of future thinkers
WA's powerful resources sector is leading the pack with its cutting-edge technologies, inspiring the next generation of budding entrepreneurs and innovators. The latest tech from the State's biggest mining and energy companies, as well as the businesses that service them, will be on display at the Resources Technology Showcase. The event, held every two years, will run from Sunday to Tuesday at the Perth Convention and Exhibition Centre. Premier Roger Cook said WA's economy was the strongest in the nation because 'of our incredible resources industry'. 'Making sure we can continue to showcase the great innovation, the science that goes into that industry is so important for inspiring the next generation of scientists and miners that are all going to be part of this great industry,' he said. Over the three days, students will get hands-on experience with interactive tech and real-world industry exhibits, explore WA's minerals and materials, as well as compete in high-energy STEM challenges. 'It's not just about rocks and trucks in this industry, it's how you use the technology that's out there and use it to really optimise our operations,' BHP asset president of WA iron ore Tim Day said. Rio Tinto managing director of Pilbara Mines Matthew Holcz said hopefully the event helped inspire the next generation of people in the industry. 'We're really proud that we employ some of the brightest minds in innovation who use cutting technology to make our business safer, smarter and more sustainable,' he said. WesTrac chief executive Jarvas Croome said it was important to showcase the 'the fantastic jobs that maybe our children might want to aspire to do in the future'. Top resources sector executives who have attended RTS in previous years include Rio Tinto iron ore boss Simon Trott, President of BHP Americas Brandon Craig and Hancock Prospecting group operations chief executive Gerhard Veldsman. Student Euan Anderson, 10, said it was 'really amazing' to get a sneak peek of some of the new tech and equipment. RTS 2025 is open on August 17 from 1pm to 4pm, and again on August 18 to 19 from 9am to 4pm.
AU Financial Review
a day ago
- AU Financial Review
Rio Tinto CEO says tough workplace cultures are toxic
Rio Tinto chief executive Jakob Stausholm says tough workplace cultures create risk-averse staff who are incapable of high performance, and on the contrary, workers must feel psychologically safe before they can achieve their full potential. The departing Rio chief executive said he read about Westpac chief executive Anthony Miller's plan to install a more aggressive and demanding culture at the bank in The Australian Financial Review, and he preferred to embrace the research of Harvard Business School professor Amy Edmondson, who is credited with coining the phrase 'psychological safety'.
The Advertiser
2 days ago
- The Advertiser
'Like something on the stockmarket': Mining company acquires Hunter village
Now, the handful of residents still living at Camberwell are rallying once again after the Bloomfield Group's acquisition of several strategic land and mining tenure assets from Yancoal last week. They include mining company-owned dwellings at Camberwell, as well as land and associated mining tenure for the previously proposed Ashton South East Open Cut project at Camberwell. Ashton Coal, a subsidiary of the Chinese-owned Yancoal, allowed the project's approval to lapse in October 2023. Central to its decision was the insurmountable opposition from former Camberwell resident Wendy Bowman. The NSW Court of Appeal ruled in 2015 that the mine could only proceed if Ms Bowman agreed to sell her land. Ms Bowman died in August 2023 aged 89. Bloomfield acquired her property for $9 million earlier this year. A Bloomfield spokesman said the company would assess opportunities for the mining assets it had just acquired from Yancoal to complement its existing operations. "Completion of the acquisition and any future development is subject to the usual regulatory process and approvals," he said. The spokesman said the company had no plans to change the existing arrangements for the properties it had acquired in Camberwell. Deidre Olofsson, a close friend of Ms Bowman, has lived in Camberwell for 39 years, She said he had "no doubt" the South East Open Cut project would be revived. "We are not stupid; they paid $9 million for Wendy's place and it is not worth anything near that," she said. Ms Olofsson, who has recently invested in upgrading her property, said she feared pressure would increase on the village's residents to get out. "Our village has been traded like something on the stock market. It's disgraceful," she said. "We have fought so hard to save this village and now it's all on again. They are destroying people's mental health and we have no recourse." Bloomfield's agreement with Yancoal also includes the area of the Donaldson open-cut and Abel underground mines, located east of Maitland and adjacent to The Bloomfield Group's Bloomfield Colliery. Under the agreement, The Bloomfield Group will assume responsibility for the rehabilitation of both the Donaldson and Abel mine sites. The agreement also includes land, dwellings, and associated mining tenure in the Upper Hunter, adjacent to The Bloomfield Group's Rix's Creek Mine. The arrangement involves the balanced exchange of particular assets and obligations and does not include a cash payment. Bloomfield Group chief executive Brett Lewis said the acquisition aligns with the company's strategy of investing to ensure stability for existing operations, while also creating business options and growth opportunities. "While we will assess opportunities for the acquired mining assets to complement our existing operations, this acquisition is about more than simply continuing mining," Mr Lewis said. "It's about making responsible decisions for our people and the community through improved rehabilitation outcomes, regional development opportunities, and the potential for more diverse future land uses." "Securing land adjacent to our existing Rix's Creek Mine operations gives us the flexibility to better plan for future infrastructure, such as the proposed highway relocation to support our Rix's Creek North Continuation Project." Now, the handful of residents still living at Camberwell are rallying once again after the Bloomfield Group's acquisition of several strategic land and mining tenure assets from Yancoal last week. They include mining company-owned dwellings at Camberwell, as well as land and associated mining tenure for the previously proposed Ashton South East Open Cut project at Camberwell. Ashton Coal, a subsidiary of the Chinese-owned Yancoal, allowed the project's approval to lapse in October 2023. Central to its decision was the insurmountable opposition from former Camberwell resident Wendy Bowman. The NSW Court of Appeal ruled in 2015 that the mine could only proceed if Ms Bowman agreed to sell her land. Ms Bowman died in August 2023 aged 89. Bloomfield acquired her property for $9 million earlier this year. A Bloomfield spokesman said the company would assess opportunities for the mining assets it had just acquired from Yancoal to complement its existing operations. "Completion of the acquisition and any future development is subject to the usual regulatory process and approvals," he said. The spokesman said the company had no plans to change the existing arrangements for the properties it had acquired in Camberwell. Deidre Olofsson, a close friend of Ms Bowman, has lived in Camberwell for 39 years, She said he had "no doubt" the South East Open Cut project would be revived. "We are not stupid; they paid $9 million for Wendy's place and it is not worth anything near that," she said. Ms Olofsson, who has recently invested in upgrading her property, said she feared pressure would increase on the village's residents to get out. "Our village has been traded like something on the stock market. It's disgraceful," she said. "We have fought so hard to save this village and now it's all on again. They are destroying people's mental health and we have no recourse." Bloomfield's agreement with Yancoal also includes the area of the Donaldson open-cut and Abel underground mines, located east of Maitland and adjacent to The Bloomfield Group's Bloomfield Colliery. Under the agreement, The Bloomfield Group will assume responsibility for the rehabilitation of both the Donaldson and Abel mine sites. The agreement also includes land, dwellings, and associated mining tenure in the Upper Hunter, adjacent to The Bloomfield Group's Rix's Creek Mine. The arrangement involves the balanced exchange of particular assets and obligations and does not include a cash payment. Bloomfield Group chief executive Brett Lewis said the acquisition aligns with the company's strategy of investing to ensure stability for existing operations, while also creating business options and growth opportunities. "While we will assess opportunities for the acquired mining assets to complement our existing operations, this acquisition is about more than simply continuing mining," Mr Lewis said. "It's about making responsible decisions for our people and the community through improved rehabilitation outcomes, regional development opportunities, and the potential for more diverse future land uses." "Securing land adjacent to our existing Rix's Creek Mine operations gives us the flexibility to better plan for future infrastructure, such as the proposed highway relocation to support our Rix's Creek North Continuation Project." Now, the handful of residents still living at Camberwell are rallying once again after the Bloomfield Group's acquisition of several strategic land and mining tenure assets from Yancoal last week. They include mining company-owned dwellings at Camberwell, as well as land and associated mining tenure for the previously proposed Ashton South East Open Cut project at Camberwell. Ashton Coal, a subsidiary of the Chinese-owned Yancoal, allowed the project's approval to lapse in October 2023. Central to its decision was the insurmountable opposition from former Camberwell resident Wendy Bowman. The NSW Court of Appeal ruled in 2015 that the mine could only proceed if Ms Bowman agreed to sell her land. Ms Bowman died in August 2023 aged 89. Bloomfield acquired her property for $9 million earlier this year. A Bloomfield spokesman said the company would assess opportunities for the mining assets it had just acquired from Yancoal to complement its existing operations. "Completion of the acquisition and any future development is subject to the usual regulatory process and approvals," he said. The spokesman said the company had no plans to change the existing arrangements for the properties it had acquired in Camberwell. Deidre Olofsson, a close friend of Ms Bowman, has lived in Camberwell for 39 years, She said he had "no doubt" the South East Open Cut project would be revived. "We are not stupid; they paid $9 million for Wendy's place and it is not worth anything near that," she said. Ms Olofsson, who has recently invested in upgrading her property, said she feared pressure would increase on the village's residents to get out. "Our village has been traded like something on the stock market. It's disgraceful," she said. "We have fought so hard to save this village and now it's all on again. They are destroying people's mental health and we have no recourse." Bloomfield's agreement with Yancoal also includes the area of the Donaldson open-cut and Abel underground mines, located east of Maitland and adjacent to The Bloomfield Group's Bloomfield Colliery. Under the agreement, The Bloomfield Group will assume responsibility for the rehabilitation of both the Donaldson and Abel mine sites. The agreement also includes land, dwellings, and associated mining tenure in the Upper Hunter, adjacent to The Bloomfield Group's Rix's Creek Mine. The arrangement involves the balanced exchange of particular assets and obligations and does not include a cash payment. Bloomfield Group chief executive Brett Lewis said the acquisition aligns with the company's strategy of investing to ensure stability for existing operations, while also creating business options and growth opportunities. "While we will assess opportunities for the acquired mining assets to complement our existing operations, this acquisition is about more than simply continuing mining," Mr Lewis said. "It's about making responsible decisions for our people and the community through improved rehabilitation outcomes, regional development opportunities, and the potential for more diverse future land uses." "Securing land adjacent to our existing Rix's Creek Mine operations gives us the flexibility to better plan for future infrastructure, such as the proposed highway relocation to support our Rix's Creek North Continuation Project." Now, the handful of residents still living at Camberwell are rallying once again after the Bloomfield Group's acquisition of several strategic land and mining tenure assets from Yancoal last week. They include mining company-owned dwellings at Camberwell, as well as land and associated mining tenure for the previously proposed Ashton South East Open Cut project at Camberwell. Ashton Coal, a subsidiary of the Chinese-owned Yancoal, allowed the project's approval to lapse in October 2023. Central to its decision was the insurmountable opposition from former Camberwell resident Wendy Bowman. The NSW Court of Appeal ruled in 2015 that the mine could only proceed if Ms Bowman agreed to sell her land. Ms Bowman died in August 2023 aged 89. Bloomfield acquired her property for $9 million earlier this year. A Bloomfield spokesman said the company would assess opportunities for the mining assets it had just acquired from Yancoal to complement its existing operations. "Completion of the acquisition and any future development is subject to the usual regulatory process and approvals," he said. The spokesman said the company had no plans to change the existing arrangements for the properties it had acquired in Camberwell. Deidre Olofsson, a close friend of Ms Bowman, has lived in Camberwell for 39 years, She said he had "no doubt" the South East Open Cut project would be revived. "We are not stupid; they paid $9 million for Wendy's place and it is not worth anything near that," she said. Ms Olofsson, who has recently invested in upgrading her property, said she feared pressure would increase on the village's residents to get out. "Our village has been traded like something on the stock market. It's disgraceful," she said. "We have fought so hard to save this village and now it's all on again. They are destroying people's mental health and we have no recourse." Bloomfield's agreement with Yancoal also includes the area of the Donaldson open-cut and Abel underground mines, located east of Maitland and adjacent to The Bloomfield Group's Bloomfield Colliery. Under the agreement, The Bloomfield Group will assume responsibility for the rehabilitation of both the Donaldson and Abel mine sites. The agreement also includes land, dwellings, and associated mining tenure in the Upper Hunter, adjacent to The Bloomfield Group's Rix's Creek Mine. The arrangement involves the balanced exchange of particular assets and obligations and does not include a cash payment. Bloomfield Group chief executive Brett Lewis said the acquisition aligns with the company's strategy of investing to ensure stability for existing operations, while also creating business options and growth opportunities. "While we will assess opportunities for the acquired mining assets to complement our existing operations, this acquisition is about more than simply continuing mining," Mr Lewis said. "It's about making responsible decisions for our people and the community through improved rehabilitation outcomes, regional development opportunities, and the potential for more diverse future land uses." "Securing land adjacent to our existing Rix's Creek Mine operations gives us the flexibility to better plan for future infrastructure, such as the proposed highway relocation to support our Rix's Creek North Continuation Project."
