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Metallurgical coal

Jun 29, 2018
Cook coal sets sail after mine restart

Cook coal sets sail after mine restart

The first shipment of hard coking coal from Cook Colliery since its recommissioning under new owners Bounty Mining has sailed from the Port of Gladstone. The 34,000-tonne cargo was sold to privately-owned coal marketing and logistics group Xcoal Energy & Resources, which is also a major shareholder in Bounty, under an existing offtake agreement. Bounty… This content is for iQ Industry Q...

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Mar 28, 2018
Rio Tinto rid of Qld coal with Kestrel sale deal

Rio Tinto rid of Qld coal with Kestrel sale deal

Rio Tinto has reached a deal to sell its 80 per cent stake in the Kestrel underground coal mine in central Queensland for almost $3 billion ($US2.25 billion). The binding agreement with a consortium of EMR Capital and PT Adaro Energy represents the company’s full exit from the Australian coal business. It follows news of… This content is for iQ Industry Queensland, iQ Coal, iQ Civil, iQ Geo...

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Mar 23, 2018
Whitehaven to pay $200m for Winchester South

Whitehaven to pay $200m for Winchester South

Whitehaven Coal will take on Rio Tinto’s 75 per cent interest in the Winchester South coal development project, 30km south-east of Moranbah, for $200 million. Total consideration is comprised of $150 million payable to Rio Tinto by Whitehaven on the date of completion and a further unconditional payment of $50 million payable 12 months after the… This content is for iQ Industry Queens...

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Dec 09, 2017
New life for Bowen Basin coal sites

New life for Bowen Basin coal sites

Earth is shifting again at the Broadlea mine site in the Bowen Basin and nearby Carborough Downs is running with a workforce of more than 350 people, despite having been earmarked for closure months ago. Met coal-focused junior Fitzroy Australia Resources has saved both from the scrap heap after acquiring the assets from Brazilian mining… This content is for iQ Industry Queensland, iQ Coal,...

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Nov 10, 2017
Bounty buys Cook Colliery, plans early 2018 restart

Bounty buys Cook Colliery, plans early 2018 restart

Bounty Mining has acquired the assets of Caledon Coal and Blackwater Coal, including Cook Colliery and the Minyango coking coal project. Bounty will settle the acquisitions for a total of $31.5 million, with $6.7 million paid on completion and the balance deferred and paid over 18 months. In a separate but related transaction, Bounty said… This content is for iQ Industry Queensland, iQ Coal...

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Sep 25, 2017
Thiess wins Jellinbah Plains mining contract extension

Thiess wins Jellinbah Plains mining contract extension

Thiess has been awarded a $189 million contract extension to continue to operate the Jellinbah Plains pit at the Jellinbah East Mine near Blackwater in central Queensland. The 30-month extension will result in Thiess, a CIMIC Group business, continuing to deliver mining services at the mine until September 2020. CIMIC Group chief executive officer Adolfo… This content is for iQ Industry Que...

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Sep 05, 2017
Golding wins $25m contract at Broadlea

Golding wins $25m contract at Broadlea

Golding Contractors has won a mining service contract for the Broadlea open-cut coal mine, 150km south-west of Mackay, as new owners prepare to recommence operations. The contract will see Golding act as coal mine operator, with responsibilities for drill and blast, overburden removal and coal mining activities. The 12-month contract is worth about $25 million…. This content is for iQ Indus...

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May 15, 2017
Caledon Coal goes into administration

Caledon Coal goes into administration

Administrators have been called in at Caledon Coal after a large water inflow in a new longwall production panel halted production at its Cook Colliery near Blackwater. The Cook Colliery – Caledon’s single operating asset and sole source of income – has not operated since March 7 and stood down about 70 employees from March 18. The group… This content is for iQ Industry Queensla...

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Mar 19, 2017
Underground flooding brings longwall to a halt

Underground flooding brings longwall to a halt

Workers are being stood down and site contractors demobilised after a water inflow at Caledon Coal’s Cook Colliery in central Queensland. The company said the water had fully inundated the longwall face and equipment. “A dewatering and assessment process will be required over the coming months after which time the company can ascertain the full impact… This content is for iQ Ind...

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