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1 August 2014
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Rio sells Mozambican coal assets for $53M


RIO Tinto has agreed to sell Rio Tinto Coal Mozambique to International Coal Ventures Pty Ltd for $US50 million ($A53 million).
Full Story...


Consol posts $25M loss


US ENERGY player Consol Energy has posted a net loss for the June quarter of $US25 million ($A26.6 million). That is up from the net loss of $13 million it posted in the previous corresponding period.
Full Story...


Hogsback plays Jeremiah


AT RISK of being called a latter-day Jeremiah who can see nothing but doom and gloom Hogsback suggests that it is time to question the seemingly irrational optimism that has gripped some of the people promoting a number of big ticket, potential, mining projects.
Full Story...

News Wrap


IN THIS morning’s News Wrap: Hedge fund seizes control of Australian iron ore exporter Cliffs; miners join call to make Australia competitive; and Lakes Oil cries double standards as Origin approved.
Full Story...


The flight of Galilee’s golden goose


ENGINEERING circles are concerned that Australian mining professionals will miss out if the multibillion-dollar crop of Galilee Basin coal projects are designed overseas.
Full Story...


Exxaro to acquire Total


EXXARO has entered into a binding agreement to acquire 100% of the issued share capital of Total Coal South Africa and its related export marketing rights under its primary Richards Bay Coal Terminal allocation for $US472 million ($A506 million).
Full Story...


Weak coal market no match for Indian monopoly player


A CENTRAL Queensland University academic has defended Adani Group’s $16.5 billion Carmichael coal and rail project, which received significant economics-related criticism this week.
Full Story...


New safety eyewear not a pain in the ears


GATEWAY Safety has released the latest product in its Temple Technology range – Parallax safety eyewear.
Full Story...


22 die in US mines this year


SO FAR this year 22 American miners have not made it home and that toll represents an increase in the mid-year fatality count, reversing the decline in fatal accidents of the past few years.
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37 jobs go as coal-fired power station closes


THE brown coal-fuelled Energy Brix briquette factory and associated power station will close down next month but its owner HRL Ltd has flagged this could be a temporary measure.
Full Story...


Caterpillar in $2.5B stock buyback


CATERPILLAR has entered into definitive agreements with Societe Generale to buy $US2.5 billion ($A2.66 billion) of its common stock under accelerated stock repurchase transactions.
Full Story...


Meeting industry safety needs


PICKING up a contract to provide trucking services for a major oil and gas player can seem a gift for a transport specialist – until the compliance requirements are realised.
Full Story...


Awareness call after near-fatal near-miss on the tracks


TWO women had a very close shave with a 100-car Indiana Rail Road coal train and it has sparked a call for greater awareness of rail safety.
Full Story...


AECOM acquires Hunt Construction


AECOM is continuing to expand with the engineering, infrastructure and construction giant announcing the acquisition of US firm, the Hunt Construction Group.
Full Story...


Springsure approvals put brakes on Comet Ridge


ACACIA Coal’s small Comet Ridge project in Queensland, which was aiming for first production in the first half of 2016 at the earliest, will be delayed until Bandanna Energy’s Springsure Creek longwall project advances on the approvals front.
Full Story...


Alliance sets multiple records


SO THE US coal industry is on the way out. It seems somebody forgot to tell Alliance Resource Partners, which has set records for coal sales volumes, revenues, net income and earnings before interest, tax, depreciation and amortisation for the quarter ended June 30.
Full Story...


High-profile attack on Carmichael


APPROVAL of Adani’s proposed Carmichael coal complex in Queensland by the federal government has come in for increased criticism on social media, including condemnation by model Robyn Lawley.
Full Story...


News Wrap


IN THIS morning’s News Wrap: resource sector spending yet to bottom; WA iron ore forecast may be revised; and Australian lead mining caused early Antarctic pollution.
Full Story...


Mining recovery a long way off


THE outlook for the mining sector has reached a new five-year low and confidence levels are likely to take years to recover, according to Newport Consulting’s new mining outlook.
Full Story...


Responsible investment on the rise: RIAA


"RESPONSIBLE investment" in Australia and New Zealand jumped 13% last year to $153 billion funds under management, according to the Responsible Investment Association Australasia.
Full Story...


Japan steps up diplomacy amid energy security woes


AS JAPAN deals with yet another summer of discontent with its fleet of nuclear power plants still offline, the country’s energy policy has been underpinned by a ramp up in overseas deals. Prime Minister Shinzo Abe’s five-nation tour of Latin American countries bears that strategy. By Gomati Jagadeesan
Full Story...


Orica fined for pollution incidents


EXPLOSIVES and chemicals maker Orica has received New South Wales Land and Environment Court’s highest-ever fine – $768,250 – over seven pollution incidents across its Kooragang Island and Botany plants from October 2010 to December 2011.
Full Story...


Build it better


MINERS must build smarter operations if they are to survive rising costs but sometimes changing the industry’s thinking can be the biggest challenge.
Full Story...


HOGSBACK 
Hogsback plays Jeremiah


AT RISK of being called a latter-day Jeremiah who can see nothing but doom and gloom Hogsback suggests that it is time to question the seemingly irrational optimism that has gripped some of the people promoting a number of big ticket, potential, mining projects.
Full Story...


MORE HOGSBACK

A new hope or just a case of premature speculation?


The rising demand for coal


Hogsback and the saga of Wilkie Creek


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MINE ACTIVITY 
In the recovery room


SIGNAL Peak Energy has set a pre-driven recovery room record. By Ry Stone.
Full Story...


MORE MINE ACTIVITY

Foresight unfazed


Arch idles Cumberland River complex


West Cliff fire scare


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COAL COMPANY ACTIVITY 
Rio sells Mozambican coal assets for $53M


RIO Tinto has agreed to sell Rio Tinto Coal Mozambique to International Coal Ventures Pty Ltd for $US50 million ($A53 million).
Full Story...


MORE COAL COMPANY ACTIVITY

Consol posts $25M loss


The flight of Galilee’s golden goose


Exxaro to acquire Total


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OEM/SUPPLIER ACTIVITY 
Caterpillar in $2.5B stock buyback


CATERPILLAR has entered into definitive agreements with Societe Generale to buy $US2.5 billion ($A2.66 billion) of its common stock under accelerated stock repurchase transactions.
Full Story...


MORE OEM/SUPPLIER ACTIVITY

AECOM acquires Hunt Construction


Orica fined for pollution incidents


Build it better


VIEW ALL STORIES

COAL MARKETS 
Responsible investment on the rise: RIAA


"RESPONSIBLE investment" in Australia and New Zealand jumped 13% last year to $153 billion funds under management, according to the Responsible Investment Association Australasia.
Full Story...


MORE COAL MARKETS

Japan steps up diplomacy amid energy security woes


Flooding pushes up Serbian power prices


Clean Power Plan calls for comment


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EQUIPMENT 
Cutting costs with equipment rebuilds


MINING supply company Sandvik said it had answered industry calls for reduced operating costs by providing a rebuilt drill rig at 70% of the cost of a new one.
Full Story...


MORE EQUIPMENT

Nowhere to hide


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R & D 
37 jobs go as coal-fired power station closes


THE brown coal-fuelled Energy Brix briquette factory and associated power station will close down next month but its owner HRL Ltd has flagged this could be a temporary measure.
Full Story...


MORE R & D

Backing for a robot dust-up


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SAFETY AND HEALTH 
New safety eyewear not a pain in the ears


GATEWAY Safety has released the latest product in its Temple Technology range – Parallax safety eyewear.
Full Story...


MORE SAFETY AND HEALTH

22 die in US mines this year


Meeting industry safety needs


Awareness call after near-fatal near-miss on the tracks


VIEW ALL STORIES

ENVIRONMENT 
High-profile attack on Carmichael


APPROVAL of Adani’s proposed Carmichael coal complex in Queensland by the federal government has come in for increased criticism on social media, including condemnation by model Robyn Lawley.
Full Story...


MORE ENVIRONMENT

Buy Plimer’s new book


Moylan walks free for Whitehaven hoax


Greens challenge CSG study


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EDUCATION 
Hunter mining show has focus on community


THE Hunter Mining Show 2015, a new trade exhibition developed for the New South Wales Hunter region mining industry, will take place in Singleton from March 12 to 14 next year.
Full Story...


MORE EDUCATION

Companies team up for QME offering


Deputy Premier backs IMARC


How QME benefits Mackay


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International Mine Ventilation Congress 2014
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'Perfect storm’ closes in on mining



Statistics of gloom



We’re not out of the woods quite yet



Resources profit, investment down



US energy players surge ahead in productivity










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