Glencore has extended Alliance Aviation Services’ air charter contract at the Clermont coal mine in central Queensland by three years.
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NAB quits funding of new thermal coal projects
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.
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Metro completes Bauxite Hills infrastructure ahead of 2018 production launch
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).
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Peabody sees 60% of Q3 income from Aussie mines
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.
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Whitehaven backs strength of coal market as output surges
Whitehaven Coal is confident of a positive outlook for the company in the global coal market.
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Rio Tinto waves goodbye to Coal & Allied
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.
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Yancoal outpoints Glencore in Coal & Allied takeover battle
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.
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Yancoal trumps Glencore as preferred buyer of Rio’s Hunter Valley coal assets
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.
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Massive 290 redundancies at Mt Arthur Coal
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.
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Rio Tinto’s Mt Pleasant coal mine sold to MACH Energy
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.
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Has China reached peak coal?
A new set of forecasts from the Institute for Energy Economics and Financial Analysis (IEEFA) shows global coal consumption is on the way down.
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Origin to close Australia’s largest coal power plant
Origin Energy has announced it will close down the Eraring Power Station within 20 years as part of a commitment to reduce carbon emissions.
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Future uncertain for Yancoal Ashton SE
The fate of the Ashton South East approval will be determined tomorrow in the NSW Supreme Court, although it is unclear whether Yancoal will proceed with the open cut coal mine if successful.
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Glencore takes over operations from Rio Tinto at Clermont mine
Glencore has taken over management of the Clermont open pit coal mine in Queensland after buying Rio Tinto’s 50 per cent stake in the mine for more than $1 billion last year.
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Xstrata sees coal recovery
Xstrata believes that thermal coal has stopped falling, and will soon stage a recovery.
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