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Wednesday
10 February 2016
 


New Hope’s Hunter Valley aspirations come closer


NEW Hope Corporation agreement to purchase a 40% interest in the Bengalla thermal coal mine in New South Wales from a subsidiary of Rio Tinto has a moved step closer after clearing two material conditions.
Full Story...


Report backs Oz energy role


THE eleventh Energy In Australia report, prepared by Department of Industry, Innovation and Science chief economist Mark Cully, has reaffirmed the vital role of the energy industry as a major contributor to the Australian economy, contributing around $96.6 billion to industry gross value added – about 6% of the Australian total.
Full Story...


Wilpinjong life extension proposal on the cards


A PROPOSAL to expand Peabody Energy’s Wilpinjong Coal Mine located approximately 40km northeast of Mudgee in New South Wales will be on exhibition for community feedback.
Full Story...

News Wrap


IN THIS morning’s News Wrap: Tinkler steps aside, says he will appeal bankruptcy ruling; Calls for Stuart Robert resignation; and Mining services' life support running out.
Full Story...


Coal looks dire, long live renewables: LTG


ACTIVIST group Lock the Gate says the Queensland government is better off supporting renewables and agriculture after a Wood Mackenzie report revealed a third of the state’s coal mines are running at a loss.
Full Story...


New chair for Safe Work Australia


DIANE Smith-Gander has been appointed as chair of Safe Work Australia.
Full Story...


BHP backs new CCS studies


RESOURCES giant BHP Billiton is teaming up with Canadian utility SaskPower on a $20 million dollar carbon capture and storage research project at the University of Regina aimed at accelerating the development and application of CCS technology.
Full Story...


LNG boom nearly wipes out oil trade deficit


SO MUCH LNG was being produced by the end of 2015 with the ramp-up of the three big new LNG trains at Gladstone that Australia effectively eliminated its petroleum trade deficit for the three months to December 31 – the first time in five years.
Full Story...


Baralaba placed into care and maintenance


THE administrators of troubled Cockatoo Coal have placed its major asset – the Baralaba mine in Queensland -- under care and maintenance to maximise the preservation of cash and the value of assets pending any restructure or sale of the business.
Full Story...


Labor Party supports coal


FEDERAL Shadow Minister for Resources, Gary Gray, has spoken in the House of Representatives about the value of Australia’s coal industry in meeting expanding global energy needs.
Full Story...


Higher productivity to drive Whitehaven’s growth


WHITEHAVEN Coal’s financial position is expected to continue to improve over the next three years, driven by further increases in production and improving margins, the company said in its latest half yearly report.
Full Story...


News Wrap


IN THIS morning’s News Wrap: Whitehaven could fall out of ASX200; Rio cuts more top jobs; and Resource sector may outsource finance functions to Asia.
Full Story...


No end in sight for NSW CSG


THE CSG business may not be as dead in New South Wales as Lock the Gate might like to believe in the wake of the high profile cancellation of projects by Metgasco and AGL Energy, with the state government expected to make the first new CSG exploration licences available from mid-year.
Full Story...


Unions target major FIFO projects


ROY HILL and the Gorgon project have been singled out by unions as projects that could face the challenge of unpaid wage claims that could end up costing industry more than $A10 million.
Full Story...


QCLNG a boon for BG


QUEENSLAND Curtis LNG has been a saving grace for BG Group in its final results update ahead of its takeover by Shell.
Full Story...


Moody’s upbeat on AGL


AGL Energy’s decision to get out of upstream gas production and stick to energy generation has attracted positive noises from Moody’s, which has assigned a rating to AGL for the first time.
Full Story...


Stanmore to hand over Isaac Plains ops to contractor


PRODUCTION drilling started in January at Stanmore Coal’s Isaac Plains coking coal mine in Queensland with operational handover to contractor Golding scheduled for this month.
Full Story...


Distress set to trigger M&A wave


AFTER years of declining deals, EY suggests the mining industry may be set for an increase in activity with financial stress and opportunism to trigger more divestments, spin-offs, joint ventures and takeovers.
Full Story...


White Energy consolidates in Brisbane


WHITE Energy has decided to close its Sydney office and concentrate the management in Brisbane, which will become the company’s principal place of business.
Full Story...


News Wrap


IN THIS morning’s News Wrap: China seeks to cut coal capacity by 1Bt; Norway's sovereign wealth fund asked miners to consider coal demergers; and Rio Tinto has dividend cut in its sights.
Full Story...


Spur Hill boasts resources of 625.9Mt


MALABAR Coal has revealed that total coal resources for its Spur Hill longwall project in New South Wales Hunter Valley are 625.9 million tonnes including 394.4Mt of indicated resources.
Full Story...


Gas still vital for NSW: ERIC


SANTOS says it has no plans to follow AGL Energy out of upstream gas exploration and production in New South Wales, and industry-backed advocacy group the Energy Resource Information Centre says gas will continue to play an important role in the state's energy mix.
Full Story...


LNG players smashed


MAJORS seeking to position themselves as LNG titans have been smashed by low oil prices, with Shell delaying its LNG Canada project after posting its lowest income in 13 years, while Europe’s main LNG plant owner, Statoil, has cut oil break-even for projects to under $US50 as it posted a loss.
Full Story...


HOGSBACK 
Laughing all the way to the renewables bank


WHILST doing the weekly shopping, Hogsback couldn’t help but notice the brisk trade being done in the organic section of the local supermarket and the number of petrol-free Priuses parked outside. The renewables crowd must be laughing, it would seem.
Full Story...


MORE HOGSBACK

Hogsback takes a trip from Paris to Po


BHP Billiton tries to defend its misguided coal expansion plans


Hogsback on the death of the US coal industry


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COAL COMPANY ACTIVITY 
New Hope’s Hunter Valley aspirations come closer


NEW Hope Corporation agreement to purchase a 40% interest in the Bengalla thermal coal mine in New South Wales from a subsidiary of Rio Tinto has a moved step closer after clearing two material conditions.
Full Story...


MORE COAL COMPANY ACTIVITY

Wilpinjong life extension proposal on the cards


New chair for Safe Work Australia


Baralaba placed into care and maintenance


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OEM/SUPPLIER ACTIVITY 
Weatherford job cuts to reach 20,000


WEATHERFORD International’s stock enjoyed its biggest surge in more than four years after boosting 2016 cash flow projections and announcing it will lay off another 6000 workers in the first half of this year, bringing the total number of jobs cut since oil prices started plummeting to 20,000.
Full Story...


MORE OEM/SUPPLIER ACTIVITY

Shearer remote controls need proper management: MSU


Launch of lower priced mining rock bolts


Jennmar and DSI forge agreement


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COAL MARKETS 
No end in sight for NSW CSG


THE CSG business may not be as dead in New South Wales as Lock the Gate might like to believe in the wake of the high profile cancellation of projects by Metgasco and AGL Energy, with the state government expected to make the first new CSG exploration licences available from mid-year.
Full Story...


MORE COAL MARKETS

QCLNG a boon for BG


Distress set to trigger M&A wave


LNG players smashed


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SAFETY AND HEALTH 
New NSW petro laws


AMENDMENTS to work, health and safety legislation in the New South Wales petroleum industries will soon come into effect.
Full Story...


MORE SAFETY AND HEALTH

Questions remain about Qld black lung screening process


US has victory in war against ‘black lung’


Nash and Orr appointed to NSW Safety team


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ENVIRONMENT 
BHP backs new CCS studies


RESOURCES giant BHP Billiton is teaming up with Canadian utility SaskPower on a $20 million dollar carbon capture and storage research project at the University of Regina aimed at accelerating the development and application of CCS technology.
Full Story...


MORE ENVIRONMENT

Aker starts CCS innovation trials


Another finance group signs up to sustainable investment initiative


Dam collapses not to blame for Hunter “blackwater”: EPA


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