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Thursday
25 August 2016
 


Lower coal prices drags down Wesfarmers result


WESFARMERS resources business has recorded an annual operating loss of $310 million for FY2016 compared to earnings of $50 million reported in the prior year, due to lower prices for coal from its Curragh and Bengalla coal mines.
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US wants diverse energy sources: NMA


A MAJORITY of American voters support the use of coal as part of a diverse mix of energy resources, according to national polling released by the National Mining Association.
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Chinese government seeks to rationalise coal industry


THE Chinese government has stepped up efforts to restructure the coal industry in recent months and introduced a range of policies to curb oversupply, according to a report by CRU Insight.
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News Wrap


IN THIS morning’s News Wrap: States facing billions in compensation after native title claim; Arrium steelworkers say no to 10% pay cut; and Fort Street Advisers secures Bis lenders vote.
Full Story...


Miners want more control of maintenance: Dingo


MINING software developer Dingo, which manages more than $7 billion of assets globally for its clients, is benefiting from a combination of industry cost-cutting and growth in international business, Dingo CEO Paul Higgins said.
Full Story...


Firefighting foam gets CSIRO listing


SANDVIK Eclipse has become one of the first firefighting foams in the mobile equipment fire suppression market to receive a CSIRO ActivFire listing, complying with new guidelines imposed by the Queensland Department of Environment and Heritage last month.
Full Story...


Carbon’s Indonesian inroads


UNDERGROUND coal gasification might be too stressful for Queensland to consider but Indonesia has no such reservations, with Singapore-based Ascot Energy becoming the second company in recent years to sign up to use the CSIRO-developed keyseam technology.
Full Story...


Tri-Star ‘sweetheart deal’ claims rejected


THE Northern Territory government has rejected allegations of a “sweetheart deal” with US-based Tri-Star Petroleum over a vast coal province.
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NSW mines adhering to Leard Forest conditions


WHITEHAVEN Coal’s Tarrawonga and Maules Creek coal mines and Idemitsu’s Boggabri mine have been given a gold star by the New South Wales Department of Planning.
Full Story...


Peabody strikes key agreement


PEABODY Energy has struck a superpriority settlement agreement with the Illinois State Department of Natural Resources regarding coal mine restoration financial assurances.
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Charbon fined $175K over haul road


CENTENNIAL Coal’s Charbon Coal has been fined $175,000 in the New South Wales Land and Environment Court for failing to comply with the approval for the mine located near Kandos.
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News Wrap


IN THIS morning’s News Wrap: Plenty of upside left in gold stocks; Former Labor minister Ian Macdonald charged over Obeids' $30 million coal deal; and Arrium steel execs jet to Asia as sale documents set to land.
Full Story...


Gas drainage gets a step up


A CONTINUOUS feed, high speed drilling system for underground gas drainage promises to transform productivity of underground coal gas drainage drilling, according to ACARP.
Full Story...


TerraCom to raise $1.1M for Qld mine development


TERRACOM, which is seeking to acquire Rio Tinto’s Blair Athol mine in Queensland for $1, will raise $1.1 million through a placement to three eastern European-based private investment companies, led by Light Speed Commercial.
Full Story...


TriStar to explore for coal in NT: report


US-BASED company TriStar is reportedly developing potentially vast coal reserves south of Alice Springs in a deal stitched up before the Northern Territory government goes into caretaker mode, according to a report in The Australian.
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NCC ready to start production next month


THE recommissioning of South African coal producer Universal Coal’s New Clydesdale Colliery remains on schedule with first coal expected in September.
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Gloucester reapplies for Rocky Hill project approval


GLOUCESTER Resources, which is owned by Hans Mende’s AMCI group, has amended its development application with the New South Wales Department of Planning for its Rocky Hill coal project.
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QRC against black lung Royal Commission


THE QUEENSLAND Resources Council has slammed calls for a Royal Commission into the re-emergence of black lung disease among the state’s underground coal miners, claiming it would divert attention away from fixing and improving the system to prevent further cases.
Full Story...


Centennial’s efficient longwall changeovers


TWO longwall changeovers by Centennial Coal in the June quarter at its Mandalong and Springvale mines had little impact on production, according to the quarterly report issued by its parent company Banpu of Thailand.
Full Story...


News Wrap


IN THIS morning’s News Wrap: Northern Star Resources hunts organic growth after record profit; Rio Tinto to kick off sale process for aluminium assets; and a commodities rebound is accelerating in SE Asia.
Full Story...


NSW welcomes COAG meeting on energy reform


NEW South Wales Minister for Resources and Energy Anthony Roberts has welcomed the outcomes of Friday’s Council of Australian Governments Energy Council meeting, describing the agreed energy market reforms as positive for NSW.
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Qld govt a reef supporter


QUEENSLAND Environment Minister Steven Miles said the government would continue to protect the Great Barrier Reef despite calls by green groups that its support of coal projects such as Adani’s proposed Carmichael coal and infrastructure project would endanger the natural wonder.
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Salm seeks leadership roles for women


RIO Tinto Mount Thorley Warkworth mining supervisor Phillipa Salm has been nominated by the New South Wales industry for the Exceptional Young Woman in Mining award in the 2016 Women in Resources National Awards in Adelaide on September 1.
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HOGSBACK 
Hogsback and taking a ‘byte’ out of the technology pie


INNOVATION is on the lips of everyone from the Australian PM down, but Hogsback thinks mining companies and their suppliers are innovating just to survive in this age of “digital Darwinism”.
Full Story...


MORE HOGSBACK

Hogsback and ‘plains speaking’


Hogsback shoots the breeze on renewables


Hogsback and longwall champions


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GENERAL APPOINTMENTS 
APC announces CEO terms


AUSTRALIAN Pacific Coal has announced the key remuneration terms of CEO John Robinson.
Full Story...



COAL COMPANY ACTIVITY 
Lower coal prices drags down Wesfarmers result


WESFARMERS resources business has recorded an annual operating loss of $310 million for FY2016 compared to earnings of $50 million reported in the prior year, due to lower prices for coal from its Curragh and Bengalla coal mines.
Full Story...


MORE COAL COMPANY ACTIVITY

Carbon’s Indonesian inroads


Tri-Star ‘sweetheart deal’ claims rejected


NSW mines adhering to Leard Forest conditions


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OEM/SUPPLIER ACTIVITY 
Miners want more control of maintenance: Dingo


MINING software developer Dingo, which manages more than $7 billion of assets globally for its clients, is benefiting from a combination of industry cost-cutting and growth in international business, Dingo CEO Paul Higgins said.
Full Story...


MORE OEM/SUPPLIER ACTIVITY

Firefighting foam gets CSIRO listing


Gas drainage gets a step up


Increasing slurry pump life


VIEW ALL STORIES

COAL MARKETS 
TriStar to explore for coal in NT: report


US-BASED company TriStar is reportedly developing potentially vast coal reserves south of Alice Springs in a deal stitched up before the Northern Territory government goes into caretaker mode, according to a report in The Australian.
Full Story...


MORE COAL MARKETS

Unemployed coal workers should work in renewables: Greens


Gallagher's tough medicine on GLNG


Rough patch for UK gas supplies


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EQUIPMENT 
Tough times continue for Cat


THINGS are still pretty tough at US mining equipment maker Caterpillar with the company expecting to lay off more workers during the second half.
Full Story...


R & D 
A coal-less future


CONSTRUCTION has begun on a laboratory in Cairns, Queensland, to research new energy technologies, another sign the Queensland government is preparing for a coal-less future.
Full Story...


SAFETY AND HEALTH 
QRC against black lung Royal Commission


THE QUEENSLAND Resources Council has slammed calls for a Royal Commission into the re-emergence of black lung disease among the state’s underground coal miners, claiming it would divert attention away from fixing and improving the system to prevent further cases.
Full Story...


MORE SAFETY AND HEALTH

Bolter operator struck by loose coal


Heat stress device scoops safety innovation awards


Diesel exhaust management a priority for NSW


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ENVIRONMENT 
NSW mines adhering to Leard Forest conditions


WHITEHAVEN Coal’s Tarrawonga and Maules Creek coal mines and Idemitsu’s Boggabri mine have been given a gold star by the New South Wales Department of Planning.
Full Story...


MORE ENVIRONMENT

Charbon fined $175K over haul road


Qld govt a reef supporter


Letter to the Editor


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EDUCATION 
Resourceful program


A PROGRAM to help women develop their careers in the Queensland resources sector kicks off in Brisbane today.
Full Story...



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