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Thermal coal

Jul 29, 2021
Anti-coal activist to pay Adani legal costs

Anti-coal activist to pay Adani legal costs

A judge has ordered anti-coal activist Ben Pennings to pay 60 per cent of Adani Australia’s legal costs stemming from his court battle to access confidential information. The court-room wrangle over that information stems from Adani and the Carmichael Rail Network’s legal action against Mr Pennings, accusing him of trespassing, breach of contract, intimidation and… ...

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Jul 28, 2021
Stanwell seeks Meandu mine extension

Stanwell seeks Meandu mine extension

Electricity generator Stanwell aims to extend its Meandu mine by about 186ha to continue to supply the Tarong power stations through to the forecast technical end of their lives. The thermal coal mine is located 45km south-east of Kingaroy, in Queensland’s South Burnett region. The proposed 7 per cent extension of the mining area within… ...

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Jul 26, 2021
Japanese fossil fuel cuts no mortal wound for sector

Japanese fossil fuel cuts no mortal wound for sector

Australia’s thermal coal exports are likely to continue to grow out to 2030, despite concerns over a Japanese plan to slash the use of fossil fuels, according to Commodity Insights director Mark Gresswell. And while some parties were quick the jump on the news as another nail in the coffin for coal, Mr Gresswell said… ...

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Jul 09, 2021
Met coal leads a winning resources exports pack

Met coal leads a winning resources exports pack

It’s predicted there’ll be a 30 percent rise in returns from Metallurgical Coal in the next two years. Surging demand for steel across the globe has turbocharged exports of Queensland metallurgical coal, said Resources Minister Scott Stewart. “This report forecasts Australia’s revenue from metallurgical coal exports will skyrocket from $22 billion in 2020-21, to almost… ...

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Jul 01, 2021
Glencore pays out in Queensland

Glencore pays out in Queensland

Glencore is reporting it paid Australian governments $1.9B in the 2020 period. The figure is released in the 2020 ‘Payments to Governments’ report. The diversified minerals company paid $179.318m in taxes on income, $500.083m royalties, $28.890m in fees. Related: Anglo’s annual Australian payout more than $4000 million The Australian Tax  Office was paid more than $182m… ...

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Jun 28, 2021
Exports bounce counted in the billions

Exports bounce counted in the billions

The Office of the Chief Economist says Australia is set to record its best year of resources exports. That’s contained in the latest Resources and Energy Quarterly (REQ) which both reviews market movements and forecasts Australia’s exports. It says the fortunes of Australian resources exports are tied to a rebounding world economy and are likely to hit… ...

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Jun 25, 2021
Adani warning over bankers’ anti-coal agenda

Adani warning over bankers’ anti-coal agenda

Banks and insurance companies are destroying Australian jobs and communities to satisfy demands from green activists, Adani Australia head Lucas Dow told an inquiry on Friday (June 25). The company chief executive officer and country head was giving evidence before a Joint Standing Committee hearing regarding the prudential regulation of investment in Australia’s export industries…. ...

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Jun 25, 2021
Contractor highlights insurance snub impact

Contractor highlights insurance snub impact

BMD Constructions chief executive officer Scott Power has told an inquiry how the stance of insurers is threatening key infrastructure projects and Australia’s choice in what developments should go ahead. BMD came up against a brick wall during its annual insurance renewal process last year when it came to gaining cover for its work on… ...

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Jun 24, 2021
Bravus in the black at Carmichael

Bravus in the black at Carmichael

Bravus has exposed the first of the coal seams at the Carmichael project in Central Queensland, almost two years after receiving final approval to mine. Bravus Mining and Resources chief executive officer David Boshoff said it was an exciting day for the 2600-plus people on the project. “Throughout the last two years of construction and… ...

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