Receivers have been appointed over the 12.5 per cent stake in the Rolleston open-cut coal operations held by ICRA Rolleston. Glencore is the majority owner of the mine, 140km southeast of Emerald, with a 75 per cent share. A Glencore spokesman said today it would be a case of ‘business as usual’ at the thermal coal site despite the development. McGrathNicol Restructuring said...
Police were called to a Carmichael coal project work site today after a protester locked himself on to a concrete batch plant. Frontline Action on Coal, sharing news of the action on social media, identified the protester as Magnetic Island man Barney Jackson. FLAC shared his comments: “I grew up on Magnetic Island on the Great Barrier Reef and I’ve seen the damage and pressures that are ...
‘Stop Adani’ protesters and ‘Start Adani’ supporters will all need a new catchcry after news the Carmichael coal mine developer is rebranding. Adani is launching a new brand for its Australian mining business, Bravus Mining & Resources. It comes as the company marks its 10-year anniversary of operations in Australia and construction of the controversial Carmichae...
Greens leader Adam Bandt has sparked a war of words after calling on members of South Korea’s National Assembly to get their government to stop buying Australian coal. Deputy Prime Minister Michael McCormack today slammed Mr Bandt’s comments as an attack on Australia’s national interest. “The Nationals urge Mr Bandt to immediately withdraw his comments and apologise to the thou...
Galilee Basin coal developer Adani has welcomed a Commodity Insights report demonstrating strong demand for thermal coal in Asia Pacific region, including India, over the next decade. Adani Mining chief executive officer David Boshoff said the report reflected Adani’s own projections, especially for India – which is expected to see thermal coal imports grow by 74 million tonnes through t...
Asian thermal coal imports are expected to grow by more than 270 million tonnes to 1.1 billion tonnes per annum by 2030, a new report has shown. That hike represents considerably more than Australia’s entire 2019 thermal coal exports of 212 million tonnes. Commodity Insights prepared the report, commissioned by the Minerals Council of Australia, saying recent analysis suggested Australia’s...
Whitehaven Coal expects to lodge the environmental impact statement (EIS) for its $1 billion Winchester South open-cut coal project by the end of 2020. Managing director and chief executive officer Paul Flynn told the AGM today that ongoing demand gave the company the confidence to plan for growth. This would support increased margins through product diversification, benefits of scale and s...
New Hope Corporation has offered voluntary redundancies to workers in its Brisbane corporate headquarters, where up to 75 per cent of the workforce will be cut by the end of November. With about 120 employees there, that means about 90 jobs may go. The changes would see a more streamlined management structure with the majority of executive positions being removed, the company said. “With...
The High Court has reserved its decision in an appeal which has been hanging over the future of New Acland thermal coal mine, north-west of Oakey. The court is ruling on an appeal from the Oakey Coal Action Alliance in relation to a Queensland Court of Appeal decision in 2019. New Hope Group chief operating officer Andrew Boyd said the High Court may take some time to hand down a decision o...
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