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.
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”.