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Thermal coal

May 12, 2020
New Hope Group chief executive officer set to retire

New Hope Group chief executive officer set to retire

New Hope Group chief executive officer and managing director Shane Stephan is standing down. Mr Stephan has worked in Queensland’s coal industry for four decades and was appointed CEO of New Hope Group in February 2014. His tenure will end on 31 August 2020 marking six-and-a half years in the role. Among those to mark… ...

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May 07, 2020
Resources sector resilient in the face of COVID-19

Resources sector resilient in the face of COVID-19

Latest export figures have confirmed the resilience of some of Australia’s key resources in the face of the COVID-19 pandemic. Total resources and energy exports increased by nearly 34 per cent in March compared to the previous month. Federal Minister for Resources, Water and Northern Australia Keith Pitt said exports were also up by 2… ...

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May 07, 2020
Gladstone coal terminal hits the Big Four-O

Gladstone coal terminal hits the Big Four-O

Gladstone’s RG Tanna Coal Terminal is celebrating a major milestone this week, with the facility marking 40 years of operations. Premier Joh Bjelke-Petersen and BHP chairman Sir James McNeill officially opened the Gladstone Ports Corporation facility on May 7, 1980. What was then known as the Clinton Coal Facility had already seen its first shipment… ...

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May 05, 2020
Westpac withdraws support for thermal coal

Westpac withdraws support for thermal coal

Westpac says it will reduce its thermal coal investments to zero by 2030 as part of its policy on climate change. In its ‘Climate change position statement for 2023’ published this week, Westpac said it was committed to managing its business in alignment with the Paris Agreement and the need to transition to a net… ...

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May 05, 2020
TerraCom tightens belt with Blair Athol fleet cuts

TerraCom tightens belt with Blair Athol fleet cuts

TerraCom will drop an entire truck and excavator mining fleet from its roster at the Blair Athol coal mine near Clermont as it cuts costs to weather the impacts of COVID-19. The company said it was now targeting production of about 2 million tonnes next financial year from the thermal coal operation and expected coal… ...

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Apr 23, 2020
Renewed calls for New Acland Stage 3 approval

Renewed calls for New Acland Stage 3 approval

Resource industry employer group the AMMA has joined calls for the Queensland Government to finally approve the New Acland mine Stage 3 expansion project. Proponent New Hope Group this week offered to fast-track job creation if it received the green light for what it describes as a ‘shovel-ready project’. The company’s modelling shows the project… ...

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Apr 21, 2020
New $220m Adani rail contract to create 600 jobs

New $220m Adani rail contract to create 600 jobs

Adani has awarded a $220 million-plus contract to Australian rail company Martinus for civil works on its Carmichael coal rail network. Adani Mining chief executive officer Lucas Dow said the contract would deliver about 600 new jobs, which was more important than ever given the economic shifts being brought about by the COVID-19 pandemic. The… ...

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Apr 02, 2020
Coal quality tampering probe finds high rate of breaches

Coal quality tampering probe finds high rate of breaches

About half of the coal sample analysis certificates issued by ALS laboratories in Queensland and NSW since 2007 were manually amended ‘without justification’, an investigation has found. The company today said an independent forensic investigation had been completed into the Coal Superintending and Certification Unit within the ALS coal business. “The investigation has identified...

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Mar 28, 2020
TerraCom, Yancoal on the acquisition march

TerraCom, Yancoal on the acquisition march

Blair Athol mine owner TerraCom has completed its offer to acquire Universal Coal for $175 million. TerraCom, already the largest shareholder in Universal, said the acceptances it had received resulted in it reaching more than 90 per cent of the voting rights attached to Universal shares. It will proceed to a mandatory sell-out process and… ...

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