Industry News

  • Australia's cyclone-hit coal exporters face long port queues: miner

    10th May 2017

    Vessels loading coal from Australia's cyclone-hit Bowen Basin will face "significantly longer" port queues when the key Goonyella rail line returns to full capacity in the second half of May, a miner said on Wednesday.

  • Banks like Westpac wave coal toward private equity

    8th May 2017

    When Westpac Banking Corp announced strict new limits on the amount of money it would lend to coal miners last week,  as merely the confirmation of a trend that had become very clear in recent years.

  • Rio Tinto’s $2bn coking coal assets attracts plenty of interest

    5th 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 year

    5th 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 approved

    21st April 2017

    A spokesperson for Centennial Coal said the decision was welcome.

  • South 32 scraps plan to buy Peabody mine

    19th 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 PLAINS

    4th 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 Miners

    4th 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 supply

    29th 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 Sector

    28th 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.