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Monday
2 March 2015
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Glencore’s strategic game: OPINION


GLENCORE’s announcement to cut a whopping 15 million tonnes per annum of Aussie coal production in 2015 has left the industry guessing. ICN looks at the vulnerable operations and broader Glencore strategy.
Full Story...


US reports its first coal fatality


THE US Mine Safety and Health Administration recommended that mine operators install and maintain proximity detection systems to protect personnel after the first US coal mining fatality for 2015 was reported.
Full Story...


Shenhua to usher in Chinese coal cuts


CHINA Shenhua Energy, the world’s biggest thermal coal producer, is expected to cut production by almost 11% in 2015 as the Chinese government tries to support fragile domestic coal prices.
Full Story...

News Wrap


IN THIS morning’s News Wrap:Forrest pursues new opportunities in minerals and energy; Rio fighting for $300m in Forge court stoush; and senators move to give CSG whistleblower air.
Full Story...


Rio streamlines divisions


RIO Tinto has announced an immediate restructuring of its product groups, scrapping the Energy division.
Full Story...


NRW wins Middlemount contract extension


THE Peabody-operated Middlemount coal mine in Queensland has extended its dry hire contract with NRW Holdings for three years in a deal worth $A330 million.
Full Story...


Watermark woes on the Liverpool Plains


THE New South Wales Minerals Council has cashed in on Federal Environment Minister Greg Hunt’s visit to the Liverpool Plains on February 27 by calling for a balanced discussion on the Shenhua Watermark coal mine which has been approved for the region.
Full Story...


Big profit drop for NRW


MINING contractor NRW Holdings has posted a whopping 640% profit drop on the back of a larger-than-expected writedown.
Full Story...


India’s step-by-step coal reforms


INDIAN Prime Minister Narenda Modi’s steely resolution to implement step-by-step reform across his country’s coal sector to safeguard energy security continues, but his vision is not shared by all – most notably the unions.
Full Story...


Price fall forces hiring paradox conundrum


AUSTRALIA’S mining, oil and gas players forced to restructure due to falling iron ore and oil prices are risking their profitability as a result of axing their most expensive but most knowledgeable people, a leading human capital industry expert says.
Full Story...


Gender reporting streamlined


THE federal government has scrapped new gender reporting requirements that were due to come into effect in April, answering business calls for a less onerous and time-consuming reporting system.
Full Story...


APA looks to QCLNG profits


APA Group has reported a bumper first half of its 2015 financial year, recording boosted profits and cash flow as it looks toward similar results in the full-year off the back of its pending acquisition of the Queensland Curtis LNG pipeline.
Full Story...


Diggers unveils 2015 keynote


ONE of US President Barack Obama’s key economic advisors has been named as the keynote speaker for this year’s Diggers and Dealers Mining Forum in Kalgoorlie.
Full Story...


Well shafted


A BOART Longyear drilling team has risen to the challenge to cut a 1500mm bit to a depth of almost 170m in tough ground that included two aquifers.
Full Story...


Glencore to slash coal exports by 15Mt


GLOBAL commodities giant Glencore will reduce its Australian coal exports by 15 million tonnes in 2015 following its recent Australia-wide coal production shutdown.
Full Story...


Bloomfield takes reins at Mastermyne


MASTERMYNE founder Darren Hamblin has given his chairman role to former Illawarra Coal chief Colin Bloomfield – a promotion that followed a short stint as a non-executive director of the Australia-listed underground coal contractor.
Full Story...


The high cost of Australia losing coal


YOU are forgiven for thinking that the big story about coal this week was a report on its $66 billion value to the Australian economy, or a fresh price warning from the ANZ Bank, because the event which most interested Hogsback was a looming power outage in Europe.
Full Story...


News Wrap


IN THIS morning’s News Wrap: Griffin bondholders sweat over $150 million invalid payment; EnergyAustralia writes down coal-gas project; and Australia hopes China has a soft landing.
Full Story...


Jail time for mine fraudster


A DRINK driving-convicted diesel fitter was jailed for 18 months over fraud charges which included falsifying labour hire company time sheets to receive pay for work he did not do at Queensland coal mines.
Full Story...


Commodity prices slam services


BIG reductions in key commodity prices hit the mining services sector hard in the final quarter of 2014, according to the latest figures from Deloitte.
Full Story...


Mass sackings for Qld FIFO


ORIGIN Energy human resources staff flew into the Surat Basin this week to help soothe the wounds as up to 1000 job cuts are to take place at Dalby, Chinchilla and Roma over the next few months.
Full Story...


ResGen funding update for Boikarabelo


SOUTH African coal explorer Resource Generation has said that banks FirstRand and HSBC along with commodities trader Noble Group are part of a club of potential financiers for its Boikarabelo coal project.
Full Story...


Ausdrill sinks to loss


PREVIOUSLY announced impairments have resulted in a $A177.4 million loss for Ausdrill, but the company expects to benefit from a higher level of activity in the gold sector this year.
Full Story...


HOGSBACK 
The high cost of Australia losing coal


YOU are forgiven for thinking that the big story about coal this week was a report on its $66 billion value to the Australian economy, or a fresh price warning from the ANZ Bank, because the event which most interested Hogsback was a looming power outage in Europe.
Full Story...


MORE HOGSBACK

Hogsback seeks financial advice from The Man in the Moon


The silly things people say


Oz coal’s Dickensian turn


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LONGWALL LARRIKINS 
Longwall Larrikin


CHRIS Rogers has worked as a project manager with Mastermyne as well as working for 12 years in the UK mining industry, predominantly with British Coal.
Full Story...


MORE LONGWALL LARRIKINS

Longwall Larrikin


Longwall Larrikin


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MINE ACTIVITY 
Peabody headhunts Clough


THE Queensland chief inspector of coal mines Andrew Clough has been recruited by Peabody Energy to be the general manager of its historic Metropolitan mine in the Illawarra region of New South Wales, he confirmed to International Coal News.
Full Story...


MORE MINE ACTIVITY

Myuna welcomes anti-Greens MP


Austar pins its hopes on LTCC


Protest as Baird opens Maules Creek


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COAL COMPANY ACTIVITY 
Glencore’s strategic game: OPINION


GLENCORE’s announcement to cut a whopping 15 million tonnes per annum of Aussie coal production in 2015 has left the industry guessing. ICN looks at the vulnerable operations and broader Glencore strategy.
Full Story...


MORE COAL COMPANY ACTIVITY

Shenhua to usher in Chinese coal cuts


Rio streamlines divisions


Glencore to slash coal exports by 15Mt


VIEW ALL STORIES

OEM/SUPPLIER ACTIVITY 
NRW wins Middlemount contract extension


THE Peabody-operated Middlemount coal mine in Queensland has extended its dry hire contract with NRW Holdings for three years in a deal worth $A330 million.
Full Story...


MORE OEM/SUPPLIER ACTIVITY

Big profit drop for NRW


APA looks to QCLNG profits


Well shafted


VIEW ALL STORIES

COAL MARKETS 
Gender reporting streamlined


THE federal government has scrapped new gender reporting requirements that were due to come into effect in April, answering business calls for a less onerous and time-consuming reporting system.
Full Story...


MORE COAL MARKETS

Commodity prices slam services


Mixed outlook for commodities, M&A


Obama Keystone veto embarrassing, says Republican


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R & D 
A damaged innovation ecosystem


ACCORDING to a study of mining companies, Australia is in danger of losing its place at the vanguard of mining innovation. Supply Side by Australia’s Mining Monthly editor Noel Dyson
Full Story...


SAFETY AND HEALTH 
US reports its first coal fatality


THE US Mine Safety and Health Administration recommended that mine operators install and maintain proximity detection systems to protect personnel after the first US coal mining fatality for 2015 was reported.
Full Story...


MORE SAFETY AND HEALTH

Staying storm safe


BHP wins tanker smash Fair Work case


Brant Webb to share emergency experiences


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ENVIRONMENT 
Watermark woes on the Liverpool Plains


THE New South Wales Minerals Council has cashed in on Federal Environment Minister Greg Hunt’s visit to the Liverpool Plains on February 27 by calling for a balanced discussion on the Shenhua Watermark coal mine which has been approved for the region.
Full Story...


MORE ENVIRONMENT

WA urged to adopt renewables policies


Grant for work on thermal desal, irrigation


Duke shareholders face $100M fine over spill


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EDUCATION 
Diggers unveils 2015 keynote


ONE of US President Barack Obama’s key economic advisors has been named as the keynote speaker for this year’s Diggers and Dealers Mining Forum in Kalgoorlie.
Full Story...


MORE EDUCATION

BBUGS offers two $5000 geotech scholarships


Stress, longwall salvage focus at conference


UQ launches onshore gas research directory


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