Rio Tinto’s $2bn coking coal assets attracts plenty of interest5th May 2017
Rio Tinto has received more than 50 expressions of interest since it flagged early this year it would sell its Queensland coking coal assets as it works towards meeting its $8 billion worth of divestments.
New Hope could present Surat coal project next year5th May 2017
A series of projects to extract more than a billion tonnes of thermal coal from the Surat Basin could be presented to the State Government by as early as next year.
Springvale mine expansion approved21st April 2017
A spokesperson for Centennial Coal said the decision was welcome.
South 32 scraps plan to buy Peabody mine19th April 2017
BHP Billiton spin-off South32 has abandoned plans to spend $US200 million buying a metallurgical coal mine in NSW, combined with a stake in the Port Kembla Coal Terminal, from Peabody Energy.
JOGMEC SUPPORT FOR ISAAC PLAINS4th April 2017
JOGMEC, the Japan Oil, Gas and Metals National Corporation, has stepped up to support Australian coal producer Stanmore once again with $A3M funding to accelerate exploration, approvals and studies for the Isaac Plains East opencut and the investment decision for Isaac Plains underground in Qld's Bowen Basin. In return, JOGMEC may tender a portion of coking coal production from both projects annually for 5-7 years to end users in Japan.
Rail impact on Queensland Coal Miners4th April 2017
Rail provider Aurizon confirmed on Monday that none of the railways that serve the Bowen Basin coal district were operating, and the most important of those four railways, Goonyella, is expected to be out of action for five weeks.
Cyclone could hit coking coal supply29th March 2017
Heavy rain from Cyclone Debbie could curb the output of coal used to make steel and potentially dent economic growth.
International Priorities for Australia's Resources Sector28th March 2017
The Minerals Council of Australia has proposed a range of practical ideas to boost Australia’s international engagement, recognising the importance of open markets, economic cooperation and regional stability to Australia’s future prosperity.
Mines, ports wait for Cyclone Debbie28th March 2017
Gold and coal mines and ports on the central Queensland coast are bracing for the impact of Cyclone Debbie, with trains and shipping halting ahead of the huge storm system's arrival.
Rio Tinto’s sale of coking coal assets a slow burn28th March 2017
Rio Tinto has lined up Credit Suisse to sell its Queensland coking coal assets worth up to $2 billion, but it is understood prospective buyers may have to wait for several months for the promotional material on the sale to land on their desks.