Queensland Premier Promises Stable Royalty System
The Age reported that Campbell Newman, the premier of Queensland, has promised a more stable royalty framework for the region after increasing royalties last year.Continue reading...
View ArticleRio Tinto Struggling to Sell Stake in Clermont Coal Mine
The Wall Street Journal reported that talks regarding the sale of Rio Tinto plc's (ASX:RIO,LSE:RIO,NYSE:RIO) stake in the Queensland-based Clermont coal mine have stalled after bids from three...
View ArticleLow Coal Demand to Hurt New Port’s Prospects
Bloomberg reported that firms such as Australia & New Zealand Banking Group Ltd. (ASX:ANZ) and Westpac Banking Corp. (ASX:WBC), both of which have contributed money for the construction of a...
View ArticlePeabody to Restart Metropolitan Coal Mine Today
Reuters reported that on Sunday, Peabody Energy Corp. (NYSE:BTU) temporarily shut down its Queensland, Australia-based Metropolitan coal mine, pre-empting a planned strike regarding a new employment...
View ArticleGlencore Xstrata, Sumitomo to Buy Rio’s Clermont Coal Mine Stake
Reuters reported that Rio Tinto plc (ASX:RIO,LSE:RIO,NYSE:RIO) will be selling its 50.1-percent stake in the Queensland-based Clermont thermal coal mine to Glencore Xstrata plc (LSE:GLEN) and Sumitomo...
View ArticleAustralia’s Largest Coal Mine Wins Approval
The Sydney Morning Herald reported that Greg Hunt, Australia's environment minister, has approved the Kevin's Corner project. Covering 37,380 hectares, it will be the largest coal project in the...
View ArticleQueensland Government to Offer Perks to Galilee Basin Coal Miners
Reuters reported that the premier of Queensland, Australia has said the state will offer incentives — such as lower state royalties and port access — to companies that want to develop coal mines in the...
View ArticleCoal in the Galilee Basin: Is Something Rotten in the State of Queensland?
Queensland's government is thinking of offering incentives such as lower state royalties and port access to coal companies operating in the Galilee Basin, but environmental groups and miners alike...
View ArticleBandanna’s Springsure Creek EIS Receives Approval
ABC News reported that the environmental impact statement (EIS) for Bandanna Energy Ltd.'s (ASX:BND) Springsure Creek coal mine, located in Central Queensland, Australia, has been approved by the state...
View ArticlePeabody to Close Wilkie Creek Thermal Coal Mine
Bloomberg reported that as a result of declining coal prices, Peabody Energy Corp. (NYSE:BTU) plans to cease production at its Queensland-based Wilkie Creek thermal coal mine by the end of the year....
View ArticleBHP, Mitsubishi to Cut 230 Jobs at Saraji Coal Mine
Reuters reported that BHP Billiton Ltd. (ASX:BHP,NYSE:BHP,LSE:BLT) and Mitsubishi Corp. (TSE:8058) plan to cut about 230 jobs at their Queensland-based Saraji mine. Continue reading...
View ArticleDeutsche Bank Backs Out of Barrier Reef Coal Port: The Importance of Social...
The port expansion could be a boon for Australia's coal sector, but it could also harm the nearby Great Barrier Reef, a national gem and World Heritage Site.Continue reading...
View ArticleCoal Miners in Queensland Register Record Exports
Mining Weekly reported that coal miners in Queensland exported nearly 216 million tonnes of coal in 2014, thereby registering a record amount of coal exports during the year.Continue reading...
View ArticleQueensland Coal Exports to Break Records
Australian Mining reported that Queensland coal exports would reach record levels, with increased demand for thermal coal in India backed up by a report from the Office of the Chief Economist,Continue...
View ArticleSaskpower Launches Carbon Capture Test Facility
The Regina Leader-Post reported that SaskPower has opened a new $70 million carbon capture test facility at its carbon capture plant. As quoted in the publication: MHPS will be the facility’s first...
View ArticleMetallurgical Coal Falls to Decade Low Levels
Mining.com reported that Metallurgical coal has fallen to levels not seen since 2004. As quoted in the market news, Reports by Doyle Trading Consultants and trade publication Inside Coal have Japanese...
View ArticleClik here to view.
SouthGobi Resources Announces Extension of TSX Delisting Review, Progress on...
SouthGobi Resources (TSX:SGQ) provided an update regarding progress on its funding plan to meet its obligations. It also announced an extension of its Toronto Stock Exchange delisting review to permit...
View ArticleKameron Collieries to Reopen Massive Coal Mine in Canada’s Nova Scotia
Mining.com reported that Kameron Collieries, a subsidiary of U.S.-based giant Cline Group, would soon be reopening the coal mine in Canada’s Nova Scotia, a project that it acquired from Glencore and...
View ArticleGlencore to Pay Third Party to Market Coal
The Sydney Morning Herald reported that Glencore (LSE:GLEN) would pay a third-party, within its global chain, a fee to market and distribute its coal as it moves to close its Singapore office. As...
View ArticleSNL Energy Analysis Shows 16 Central Appalachia Counties Worst Affected in...
Mining.com reported that an SNL Energy analysis of coal mine employment data from the U.S. Mine Safety and Health Administration showed that the sixteen counties hit hardest by coal mine employment...
View Article
