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27 February 2015
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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...


Enerpac’s bolting innovation


INTERNATIONAL high-pressure hydraulics specialist Enerpac has launched its UltraSlim torque wrenches, specifically designed to provide a “robust, high-performance” bolting solution in tight spaces that may not accommodate standard tools.
Full Story...


BHP’s slashed US drilling won’t touch shale growth


BHP Billiton does not expect cutting its US oil drilling by 15% and nearly halving its online oil rigs to force oil production to decline, saying the move will do little to change the market dynamics that led to the oil price crash.
Full Story...


Brierty weathers challenging patch


CONTRACTING firm Brierty has reported a slim net profit after tax of $4.1 million for the final half of 2014, with the company’s interests outside of the resources sector allowing it to maintain profitability despite the slowdown.
Full Story...


Sedgman posts profit


BUCKING the trend somewhat, the company that made its name as a coal handling and preparation plant specialist has posted a net profit after tax for the half-year of $A4.7 million.
Full Story...


Air Springs launches


SYDNEY-based pneumatic actuation, isolation and ride specialist, Air Springs Supply, has launched an online resource giving engineers, specifiers, designers and operations managers across diverse industries, including coal, access to new product information and real life usage scenarios.
Full Story...


Eagle Downs challenges


WDS says it faced technical problems in its first update on the $A142.8 million drift development contract for the Eagle Downs longwall project in Queensland this year while a source has said that a wave of key personnel left the project in the lead up to Christmas.
Full Story...


Coalspur takeover offer


CANADA-focused explorer Coalspur, which had a market capitalisation exceeding $A1 billion during coal-booming 2011, has agreed to a takeover offer worth $15 million from the US-based Cline Group.
Full Story...


Cockatoo tightens belt


COCKATOO Coal, which said little during a funding-related trading halt from mid-November to early February, suspended operations at its Baralaba mine over four weeks of the holiday period and cut 25% of its workforce.
Full Story...


News Wrap


IN THIS morning’s News Wrap: Australia backs Japan’s campaign for development funding of coal; currency and diesel savings forecast to boost BHP; and Rio Tinto and BHP Billiton to drive iron ore costs down by another 25%.
Full Story...


Mixed outlook for commodities, M&A


EXPERTS are divided on when the next wave of merger and acquisition activity will take off, with miners also unsure which commodity will launch the next run.
Full Story...


Paringa upgrades Buck Creek


AUSTRALIAN junior Paringa Resources has reported an increase in measured and indicated coal resources to 196 million tonnes for its Buck Creek mining complex in the Illinois Coal Basin in Kentucky.
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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...


Continental on debt free path


CONTINENTAL Coal’s path to being debt free received a shot in the arm yesterday when a consortium headed by Ivory Mint Holdings forwarded the first $US5 million ($A6.4 million) of the $75 million for which it agreed to buy the struggling Aussie junior’s South African assets.
Full Story...


Obama Keystone veto embarrassing, says Republican


US PRESIDENT Barack Obama fulfilled his promise to veto the inflammatory Keystone XL legislation, prompting Republican accusations of cowering to environmentalist pressure and siding with “extremists and anarchists”.
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 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...


MORE COAL COMPANY ACTIVITY

ResGen funding update for Boikarabelo


BHP’s slashed US drilling won’t touch shale growth


Eagle Downs challenges


VIEW ALL STORIES

OEM/SUPPLIER ACTIVITY 
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...


MORE OEM/SUPPLIER ACTIVITY

Ausdrill sinks to loss


Enerpac’s bolting innovation


Brierty weathers challenging patch


VIEW ALL STORIES

COAL MARKETS 
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...


MORE COAL MARKETS

Mixed outlook for commodities, M&A


Obama Keystone veto embarrassing, says Republican


NSW inquiry committee defies government


VIEW ALL STORIES

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 
Staying storm safe


A COMPANY known for its underground refuge shelters has teamed with Atlas Iron to develop two modular, fully portable cyclone shelters built to withstand wind speeds in excess of 300km/h.
Full Story...


MORE SAFETY AND HEALTH

BHP wins tanker smash Fair Work case


Brant Webb to share emergency experiences


NZ roof collapse


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ENVIRONMENT 
WA urged to adopt renewables policies


THE Clean Energy Council has called on the Western Australian government to take on a selection of policy measures in order to boost the state’s draw for renewable energy projects.
Full Story...


MORE ENVIRONMENT

Grant for work on thermal desal, irrigation


Duke shareholders face $100M fine over spill


‘Environmental regulation holds back economy’


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EDUCATION 
BBUGS offers two $5000 geotech scholarships


THE Bowen Basin Underground Geotechnical Society is proposing to support the development of geotechnical engineers through two scholarships based on academic research projects.
Full Story...


MORE EDUCATION

Stress, longwall salvage focus at conference


UQ launches onshore gas research directory


Cliff to examine Hazelwood fire at Coal 2015


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