Rising commodity prices have guided Rio Tinto to a full-year profit of $US4.6 billion ($6.02 billion) in 2016, a massive turnaround from the previous year.
Mining exports in the country skyrocketed in December on the back of a surge in coal and iron ore shipments.
The CFMEU has slammed a proposed decision by the Fair Work Commission to cap coal mine workers’ redundancy payments after a maximum of 15 years.
Don Harwin has been appointed New South Wales energy and resources minister following a state government cabinet reshuffle yesterday.
Rio Tinto plans to sell subsidiary Coal & Allied Industries to China’s Yancoal for up to $US2.45 billion ($3.23 billion).
New Hope Group has finally received federal approval for the $900 million expansion of its New Acland coal mine in Queensland, a decade after first proposing the growth project.
Despite performance challenges South32 believes it remains on track to achieve the 2017 financial year production guidance set at most of its operations.
Queensland has recorded a $1.6 billion increase in exports, driven by the rising value of hard coking coal and liquefied natural gas exports.
Improved commodity prices are expected to push Australia’s mining and energy export earnings to a record in 2016-17, according to the Department of Industry, Innovation and Science.
Plans for the Styx Coal project in Queensland have commenced, expected to create up to 500 jobs in the region.
South32 has lowered its production guidance at the Illawarra coal operation in New South Wales following ongoing issues at the mine this year.
Global appetite for coal is waning as alternative energy sources continue to chip away at its dominance, according to the International Energy Agency (IEA).
Paringa Resources will raise $8 million on the ASX to fund development of the Poplar Grove coal project in the United States.
Adani will focus on sourcing employees for its Carmichael coal project workforce from regional Queensland and will not use foreign workers on 457 visas.
Rio Tinto has confirmed reports that it is under investigation by the US Securities Exchange Committee (SEC) over an impairment in its 2012 accounts in Mozambique.
The number of mining deals in Australia is rising, according to Ernst & Young’s (EY) third quarter global mining and metals M&A activity report.
Glencore has announced plans to restart mining at the Integra underground coal mine in the NSW Hunter Valley for two years, creating up to 275 new jobs.
The current surge in coal prices has signalled positivity in the resources sector, leading to announcements of mines reopening both in Australia and overseas.
Putting a price on carbon would benefit the Australian gas industry, at least in the short term.
Whitehaven Coal has recorded an increase in coal output following the release of their September quarterly report.