Whitehaven Coal is wary of investing in its development projects due to turbulent coal markets that have been amplified by Chinese restrictions on imports from Australia.
Whitehaven Coal is anticipating a 50 per cent boost in production and processing capacity from the $980 million Winchester South coal project in Queensland.
Coronado Global Resources has delivered an all-around rise in its coal production during the September quarter as chief executive Gerry Spindler pointed at the company’s under-reliance on the Chinese markets.
Stanmore Coal has cushioned itself from the blow of plunging thermal coal prices by concentrating its operations on metallurgical coal.
Yancoal is closely monitoring the condition of international coal markets to best assess how its business will be impacted for the remainder of 2020 and beyond.
Anglo American has lowered its expectation for metallurgical coal production this year following the roof collapse incident at the Queensland-based Moranbah North mine in January.
Anglo American has equalised the ownership structure of its Moranbah North and Grosvenor metallurgical coal operations in Queensland.
Coronado Coal expects that the impact of US-China trade wars will push its revenue lower and its earnings below the bottom end of its guidance range.
South32 has maintained production guidance across its global operations after a strong September 2019 quarter highlighted by rising output at Illawarra Metallurgical Coal in New South Wales.
Whitehaven Coal chairman Mark Vaile has talked up two significant, near-term assets that will underpin the company’s future growth – Vickery in New South Wales and Winchester South in Queensland.
CIMIC Group mining services provider, Thiess, has been awarded a six-year, $1.3 billion contract extension by Coronado Global Resources to provide services at the Curragh coal mine in Queensland.
Anglo American’s coal sites in Australia have helped the company achieve a 14 per cent rise in global production across its diverse operations.
South32 has recorded an uplift in production across its Australian operations – Cannington, Worsley Alumina and Illawarra.
The Australian Government’s outlook for commodities export earnings has attracted excited analysis as iron ore prices continue to ascend.
The Australian Government expects commodity export earnings to peak a year later than expected due to a swing in the global iron ore price and a slight weakened exchange rate against the United States dollar.
The Queensland Government has approved Pembroke Resources’ $1 billion Olive Downs metallurgical coal project in the Bowen Basin.
The latest Australian Bureau of Statistics trade figures have revealed that the value of Queensland exports has surged over the past year to yet another record high for the state.
Hancock Prospecting has achieved a breakthrough in its takeover bid for Riversdale Resources by gaining acceptance of the offer from the coking coal company’s largest shareholder.
Anglo American has reported a fall in production across its global operations during the March quarter, mainly due to planned longwall moves at metallurgical coal mines in Australia.
Pure-play coal producer Yancoal has cited the potential for growth at its Moolarben and Mount Thorley Warkworth coal complexes in New South Wales.