Whitehaven Coal has secured approval to acquire Idemitsu’s 30 per cent stake in the Tarrawonga mine in the Gunnedah Basin in New South Wales.
Whitehaven Coal has secured a deal to buy Rio Tinto’s 75 per cent interest in the Winchester South coal project in Queensland’s Bowen Basin for $US200 million ($260 million).
Almost 2000 jobs were added to New South Wales’ coal industry in 2017, the latest figures from Coal Services have revealed.
Stanmore Coal has announced that mining leases for its Isaac Plains East (IPE) project have been granted alongside Commonwealth Environment Protection and Biodiversity Conservation Act (EPBC Act) approvals.
New Hope Group’s expansion plans for the New Acland coal mine in Queensland’s Darling Downs region have received another setback.
TerraCom has secured an extension to the mine life at the Blair Athol thermal coal operation in Queensland.
Stanmore Coal is on track to launch production at the Isaac Plains East (IPE) project in Queensland in first quarter 2019.
The Wallarah 2 underground coal project has been approved by the New South Wales Government despite ongoing community opposition on the state’s Central Coast.
Glencore has extended Alliance Aviation Services’ air charter contract at the Clermont coal mine in central Queensland by three years.
National Australia Bank (NAB) will no longer fund new thermal coal projects in Australia, making it the first of the country’s ‘big four’ banks to officially quit support of the sector.
Metro Mining has finalised critical marine infrastructure at its Bauxite Hills project and is on track to launch production at the Cape York peninsula operation in northern Queensland during the second quarter of 2018 (just in time for the dry season).
US coal company Peabody has released its 2017 third-quarter (Q3) report and it shows that 60 per cent of the company’s earnings came from Australian operations.
Whitehaven Coal is confident of a positive outlook for the company in the global coal market.
Rio Tinto has completed the $2.69 billion sale of its thermal coal business Coal & Allied in the New South Wales Hunter Valley to Yancoal Australia.
Rio Tinto has again backed Yancoal as the buyer of its Hunter Valley thermal coal assets despite Glencore’s efforts to outbid the Chinese company.
Rio Tinto has named China’s Yancoal as the preferred buyer of its Hunter Valley coal division, Coal & Allied Industries, ahead of Glencore, which made a superior bid earlier this month.
Any prospect of Mt Arthur coal mine going on the chopping block has been delayed with the announcement that BHP will implement cost-cutting strategies with the retrenchment of 290 workers.
The Mount Pleasant thermal coal mine has found a buyer, with the sale going to MACH Energy Australia for $US224 million plus royalties on future coal sales.
A new set of forecasts from the Institute for Energy Economics and Financial Analysis (IEEFA) shows global coal consumption is on the way down.
Origin Energy has announced it will close down the Eraring Power Station within 20 years as part of a commitment to reduce carbon emissions.