Itochu Corporation plans to start divesting its thermal coal mining assets in Australia from this year.
CIMIC Group subsidiary Sedgman has received a $120 million contract extension at Mach Energy’s Mount Pleasant thermal coal mine in New South Wales.
Whitehaven Coal is anticipating a 50 per cent boost in production and processing capacity from the $980 million Winchester South coal project in Queensland.
TerraCom has delivered strong operational results at its Blair Athol mine in Queensland despite a challenging thermal coal market.
The 2020 Australian Mining Prospect Awards have proceeded despite this year’s challenges, to honour the best and brightest in the industry.
Joint venture (JV) partners Yancoal and Glencore are set to stand down contract staff at their Hunter Valley coal operations in New South Wales.
China’s coal imports have dropped by 47 per cent in October compared with the corresponding period last year as trade tensions with Australia worsened.
The Minerals Council of Australia (MCA) has stressed that Australia must adapt to emissions-reducing technology to meet growing seaborne thermal coal demand in the Asia Pacific region.
Subdued coal markets have forced Whitehaven Coal to be cautious in allocating its capital to expansion, the company stated in its September quarterly report.
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.
BHP has announced it plans to sell a number of coal assets as the company looks to simplify its portfolio.
Anglo American chief executive Mark Cutifani is mulling over the company’s exit from its South African thermal operations.
Glencore has greeted 2020 with a steep decline to its Australian coking coal production, but its thermal coal portfolio offset the blow.
Westpac plans to back out of thermal coal mining by 2030 in a move to fulfil the bank’s zero emissions targets.
Glencore has suffered through trade uncertainty during 2019, despite most assets performing as anticipated.
Yancoal has temporarily suspended operations at several Hunter Valley mines in New South Wales for a few days due to poor air quality resulting from bushfires.
Rising energy demand and climate concerns are facing off over the continuity of coal production in Australia.
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.