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Industry News

Apr 18, 2019
Welcome boost for $1b Moranbah coal project

Welcome boost for $1b Moranbah coal project

Whitehaven Coal’s planned Winchester South coal mine near Moranbah will deliver hundreds of coal mining jobs and boost the Central Queensland economy for decades, CFMEU Mining & Energy said today. CFMEU Mining & Energy Queensland President Stephen Smyth welcomed the Queensland Government’s announcement that the $1 billion project would be declared a co-ordinated project, streamlining…...

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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 members only.Log In Regist...

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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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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 members ...

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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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