Coal companies are expected to turn away from mergers and acquisitions (M&A) this year to maximise the value of their existing assets on the back of high prices and a weaker Australian dollar.
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Bathurst closes JV deal on Jameson Resources’ coal project in Canada
Bathurst Resources has executed a joint venture deal with Perth-based Jameson Resources to finance the development of the Crown Mountain coking coal project in Canada.
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Aurizon to lift threats of cutting $4 billion in exports revenue
Following the dispute between the Queensland Competition Authority (QCA) and monopoly network operator Aurizon over QCA's latest draft ruling, the Queensland Resources Council (QRC) today announced that it will not come to the QCA in partnership with Aurizon under duress.
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Coal to pass iron ore as top Australian export
Coal is projected to emerge as Australia's largest export earner, generating $58.1 billion for the 2018-19 financial year.
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Industry welcomes federal budget reforms
Mining industry organisations such as the Minerals Council of Australia (MCA) and Queensland Resources Council (QRC) have backed the Turnbull Government's 2018 federal budget.
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Fortescue ships one billionth tonne of iron ore
Fortescue Metals Group has exported its one billionth tonne of iron ore from the Pilbara in Western Australia, a decade after the company’s first commercial shipment from Port Hedland.
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Coal, LNG performance defies resources industry opponents: QRC
Queensland’s resources sector, guided by record liquefied natural gas (LNG) exports and high demand for coal, continues to underpin the state’s economy, according to Queensland Resources Council (QRC) chief executive Ian Macfarlane.
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Aussie exports to reach record high, says government report
The Department of Industry, Innovation and Science has released its quarterly Resources and Energy report, detailing a rise in the value of Australian projects thanks to iron ore and LNG exports, as well as the tech metal boom.
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Exports on the rise: gold up 17%, metal ore up 8%
An Australian Bureau of Statistics (ABS) report has revealed its latest international trade in goods and services figures (ending September 2017), and metal ores and mineral exports were up by $584 million, or 8 per cent, over the month.
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Iron ore imports rise at Port Hedland
Iron ore imports at the port of Port Hedland for July this year reached 135,000 tonnes, a 29 per cent increase from the same month in 2016.
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Australian LNG exports forecast to soar
Australia’s liquefied natural gas (LNG) exports are forecast to grow 22.6 per cent in the 2018 financial year.
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Iron ore forecast to average below $US50 a tonne in 2018
Iron ore will average below $US50 a tonne next year and remain under that mark through 2019, according to the latest forecasts from the Department of Industry, Innovation and Science.
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Coal, gas drive $1.6 billion increase in Queensland exports
Queensland has recorded a $1.6 billion increase in exports, driven by the rising value of hard coking coal and liquefied natural gas exports.
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Commodities rally set to lift Australian export earnings to a record
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.
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Coal exports rise in the hunter
The Hunter region has recorded rise in coal exports year on year, despite a drop in price.
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Where does Australia’s coal go? [infographic]
Where does the coal we dig up go, and who actually consumes the most Australian coal?
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Palmer calls for stronger measures against Chinese coal testing
Federal MP Clive Palmer has spoken up about China’s new coal testing regime, recommending retaliatory action.
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Iron ore price surge continues
The price of iron ore is closing in on the $US60 a tonne mark after enjoying a surge of more than 5 per cent.
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FMG defend Forrest’s iron ore cartel comments
Fortescue Metals Group says comments made by its founder Andrew Forrest in relation to working with other companies to cap iron ore production were in line with the law.
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Iron ore falls below $60 a tonne
The price of iron ore has fallen below $60 a tonne as China revised its growth forecast to just 7 per cent.
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