Industry News

  • 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.

  • Mines, ports wait for Cyclone Debbie

    28th 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 burn

    28th 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.

  • New Hope coy on buying Wesfarmers' stake in Bengalla as coal price lifts earnings

    22nd March 2017

    New Hope Corp, the coal mining arm of investor Washington H. Soul Pattinson and Co, has refused to rule out buying Wesfarmers' stake in the Bengalla coal mine, as it continues to review acquisition opportunities in the coal industry.

  • Deal forged with steel titan

    22nd March 2017

    A Chinese company listed in the Fortune Global 500 for the past eight years, and home to more than 120,000 employees, will partner The University of Queensland in sustainable metals research.