Australia’s largest coal company Glencore has taken the decision to maintain its coal output at current levels “to meet the growing needs of a lower carbon economy”.
The New South Wales Land and Environment Court has rejected an appeal from miner Gloucester Resources regarding the refusal of its development application for the Rocky Hill coking coal mine.
Australia’s resources exports delivered a record $248 billion in revenue in 2018, according to data from the Australian Bureau of Statistics (ABS).
Glencore Australia has overcome inclement weather and industrial action in the 2017 financial year to post a 7 per cent increase in annual coal production to 129.4 million tonnes for 2018.
Coal producer Yancoal will ramp up exploratory work at its tier one assets to meet rising consumer demand following record production in 2018.
Black coal mining has been predicted by IBISWorld to be one of the Australian industries that will experience a decline in revenues this year as market conditions turn.
CIMIC has moved into 2019 with a strengthened order book of work in the coal mining industry.
Thiess has secured a $150 million contract extension at BHP Billiton Mitsubishi Alliance’s (BMA) Caval Ridge coal mine in the Bowen Basin, Queensland.
Fitzroy Australia Resources plans to fill half of the jobs it is creating at the Ironbark No. 1 coal project in Queensland with workers who are new to the industry.
Nepean Mining will design and deliver key equipment and infrastructure at Fitzroy Australia Resources’ Ironbark No. 1 coking coal project in Queensland.
The Queensland-focused coal miner is the target of a $240 million takeover offer from a subsidiary of Indonesia’s Golden Energy and Resources.
Fitzroy Australia Resources’ Ironbark No. 1 coking coal mine has received approval from the Queensland State Government in a move that will deliver 350 local jobs to the project.
South32 has increased production at its Illawarra metallurgical coal operation by 39 per cent following longwall moves at the Appin and Dendrobium collieries.
Glencore has announced a restructure of the Hail Creek coal mine in the Bowen Basin, Queensland that will see 430 jobs at the operation slashed.
Pressure is building on the insurance industry to step away from the coal industry, potentially making some operations unviable.
Coronado Global Resources, the largest coking coal producer in the US, has announced an IPO expected to raise between $1.16–$1.39 billion in one of the biggest Australian mining floats since Yancoal’s listing as Yancoal Australia in 2012.
Pembroke has achieved a major step toward developing its $1 billion Olive Downs coking coal project in the Bowen Basin in Queensland with the release of its environmental impact statement (EIS) for public comment.
Yancoal’s acquisition of Rio Tinto’s Coal & Allied business unit in New South Wales last year has paid off for the company.
Bounty Mining has completed an upgrade to its Bowen Basin rail facilities in a significant step for the company’s Cook Colliery restart in Queensland.
Peabody’s North Goonyella underground coking coal mine is set to have its mine life extended to 2026.