South32 is set to divest its thermal coal assets in South Africa Energy Coal (SAEC) to Seriti Resources in an upfront payment deal worth around ZAR100 million ($9.8 million).
India has been flagged as the market with the greatest potential for Australia’s thermal coal, as the country continues its consumption of the commodity in order to meet increasing energy requirements.
Anglo American’s coal sites in Australia have helped the company achieve a 14 per cent rise in global production across its diverse operations.
Yancoal has been affected by restrictions to Australian thermal coal deliveries into China during the June quarter, resulting in lower sales for the period.
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.
Kores Australia’s Wallarah 2 coal mining project has received a mining lease from the New South Wales Government following a lengthy approvals process.
Queensland’s coordinator-general has announced the two remaining key approvals for Adani’s Carmichael coal mine and rail project will be finalised in the next three weeks.
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.
Yancoal Australia has received approval from the Queensland Government for its planned expansion of the Cameby Downs thermal coal mine.
Pure-play coal producer Yancoal has cited the potential for growth at its Moolarben and Mount Thorley Warkworth coal complexes in New South Wales.
Robust coal exports in both New South Wales and Queensland prove market demand remains strong amid carbon emission concerns and decisions to abandon coal.
TerraCom has announced an upgrade in marketable reserves at the Blair Athol thermal coal mine in the Bowen Basin region of Queensland to 23.5 million tonnes.
Yancoal Australia has highlighted a continued energy industry demand for high efficiency thermal coal after posting record production and earnings for 2018.
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”.
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.
Adani has revealed that 14,498 job applications were received for the Carmichael coal mine and rail project in Queensland by the end of December.
Adani has launched roadworks for access to the Carmichael coal project in Queensland despite delays securing a key environmental approval from the state government.
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.