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21 December 2014
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Coal prices force $1B Qld write-down


DEPRESSED coal prices have combined with drought-induced declines in agricultural output and federal disaster relief money coming earlier than expected, forcing Queensland’s state government to write down nearly $1 billion in revenue for 2014-15 in yesterday’s “mini budget”.
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Monadelphous in coal dispute


ENGINEERING and construction firm Monadelphous has found itself embroiled in a contract dispute over the Wiggan Island Coal Export Terminal development at Gladstone in Queensland.
Full Story...


Coal’s green shoots


IT is early days and a lot can go wrong in the current turbulent market conditions but over the past few days, Hogsback has detected the best news for some time about the Australian coal industry, albeit for an assortment of unusual and perhaps not totally believable reasons.
Full Story...
   CURRENT FOCUS FEATURES

Safety

Anglo to review Grasstree operating processes

David to battle “Goliath”

Grasstree shut for investigation

VLI contractor killed at Grasstree

MSHA releases report on Spring Creek fatality

Second fatality this year at Grasstree

Wrongful death trial settled out of court

Industry backs drug crackdown

MSHA issues 127 citations after impact inspections

NSW program to look at fatigue management


  VIEW ALL STORIES on Safety




News Wrap


IN THIS morning’s News Wrap: Reserve Bank economists say job losses in mining industry are not a bad thing; Poisoned fruit triggers security alarm at Gina Rinehart’s Roy Hill mine; and oil producers to feel pinch as prices slide.
Full Story...


Wills on Walls: The pre-flight walk-around


THOSE of you who have read one or two of my articles since this magazine began will probably be aware that I have a slight passion for flying and I occasionally compare mining procedures with those in aviation.
Full Story...


Leighton’s surprise services deal


HOCHTIEF has elected not to sell its entire Leighton Contractors Services subsidiary as was expected, but instead it has entered into a $700 million deal with US private wealth fund Apollo Global Management for a 50:50 joint venture that will bundle together both Thiess and Leighton’s services division.
Full Story...


Longwall Larrikin


GEOFF Newby was deputy manager of Eickhoff Australia before hanging up his boots in December (2013).
Full Story...


South Australia FIFO boosted


AIR South has expanded its charter fleet and pilot numbers to boost the fly-in, fly-out services to South Australia’s Cooper-Eromanga Basin, one of Australia’s most productive onshore oil provinces and mining centres.
Full Story...


Bringing back the dead


IN THE main photo we see what a bolter-miner looks like after four years of standard service.
Full Story...


Engineers concerned at Qld order to ignore sea level rise


AN expert coastal group of Engineers Australia has questioned the basis for the Queensland government's instruction to Moreton Bay Council to remove all references to climate change induced sea level rise.
Full Story...


Of booms and fads


THE graphite bubble bursts but history tells us that this won’t be the last such market brain explosion. The Outcrop by Robin Bromby
Full Story...


Boart jumps as recapitalisation moves ahead


BOART Longyear has launched a $A103.4 million rights issue and a $24.5 million share buyback following shareholder approval of a recapitalisation plan with distressed debt firm Centerbridge Partners.
Full Story...


Shares surge on Resource Equipment merger offer


SHARES in mining pump company Resource Equipment (REL) soared more than 85% after its board unanimously endorsed a proposed acquisition of the company through a cash offer by US-based Pump Services.
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Wave power to get hooked up


PERTH-based company, Carnegie Wave Energy, says its first CETO 5 unit has been on the ocean floor off Fremantle and operating successfully for more than 700 hours since being installed one month ago.
Full Story...


New CEO to rescue Eagle Downs contract


WDS’ managing director and CEO Laurence Voyer is promising to get the $A142.8 million drift development contract for the Eagle Downs longwall project in Queensland back on track as a “critical” priority.
Full Story...


Coal demand expanding: IEA


THE International Energy Agency has forecast global coal demand to grow by an average annual rate of 2.1% over the next five years to break the 9 billion tonne level by 2019.
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Maules Creek milestone


WHITEHAVEN Coal’s Maules Creek project is officially three months ahead of schedule as the first coal-loaded train departs from the site to Newcastle port.
Full Story...


News Wrap


IN THIS morning’s News Wrap: Rio Tinto says tax rates near ‘uninvestable’; weakening pillars struggle to support BHP demerger strategy; and BHP Billiton ships iron ore to India amid price crash.
Full Story...


Mining mitigation


AS A battered mining sector limps towards the succour of the Christmas break after a bitter reversal of fortunes, it appears the equipment makers have not shut up shop. Supply Side by Australia’s Mining Monthly editor Noel Dyson
Full Story...


Joy Global ups quarterly profits


HIGHER service volumes, favourable manufacturing cost absorption and savings from Joy Global’s cost reduction program has helped the company increase its operating profit, before unusual items, for the three months to October 31.
Full Story...


TWU-Orica talks restart


THE Transport Workers’ Union will restart enterprise agreement negotiations with Orica today following a four-hour work stoppage on Tuesday which impacted blasting operations across the Hunter Valley.
Full Story...


Gas issue grows


THE Australian Energy Market Operator’s National Gas Forecasting Report 2014 has confirmed what the federal government and producers have been denying for some time now – that the advent of open slather LNG exports on the east coast is driving up domestic gas prices, choking off supply to domestic industrial users and putting tens of thousands of jobs at risk, according to DomGas Alliance executive director Matt Brown.
Full Story...


Recent greenfield success weighs on the great debate


A SERIES of exciting discoveries this year has bolstered the mavericks who argue that greenfields exploration is not the high-risk, shot in the dark as widely perceived by industry. By David Upton
Full Story...


HOGSBACK 
Coal’s green shoots


IT is early days and a lot can go wrong in the current turbulent market conditions but over the past few days, Hogsback has detected the best news for some time about the Australian coal industry, albeit for an assortment of unusual and perhaps not totally believable reasons.
Full Story...


MORE HOGSBACK

On cheese-eating surrender monkeys – and coal


‘Oil Glut’ could be with us for some time


German coal farce’s powerful lesson for Oz


VIEW ALL STORIES







LONGWALL LARRIKINS 
Longwall Larrikin


GEOFF Newby was deputy manager of Eickhoff Australia before hanging up his boots in December (2013).
Full Story...


COAL COMPANY ACTIVITY 
New CEO to rescue Eagle Downs contract


WDS’ managing director and CEO Laurence Voyer is promising to get the $A142.8 million drift development contract for the Eagle Downs longwall project in Queensland back on track as a “critical” priority.
Full Story...


MORE COAL COMPANY ACTIVITY

Maules Creek milestone


Exxon exits Victorian CSG JV


Valmec’s big LNG play


VIEW ALL STORIES

OEM/SUPPLIER ACTIVITY 
Monadelphous in coal dispute


ENGINEERING and construction firm Monadelphous has found itself embroiled in a contract dispute over the Wiggan Island Coal Export Terminal development at Gladstone in Queensland.
Full Story...


MORE OEM/SUPPLIER ACTIVITY

Leighton’s surprise services deal


South Australia FIFO boosted


Bringing back the dead


VIEW ALL STORIES

COAL MARKETS 
Of booms and fads


THE graphite bubble bursts but history tells us that this won’t be the last such market brain explosion. The Outcrop by Robin Bromby
Full Story...


MORE COAL MARKETS

Wave power to get hooked up


Coal demand expanding: IEA


Gas issue grows


VIEW ALL STORIES

R & D 
Accelerating ideas


WHAT does it take to create a product that could save the mining industry more than $100 million? A Tonka truck, an iPhone, a fitball and some gaffer tape. Supply Side by Australia’s Mining Monthly editor Noel Dyson
Full Story...


SAFETY AND HEALTH 
David to battle “Goliath”


A SMALL Melbourne based safety company is taking on Standards Australia in the Federal Court, claiming that the 12-month-old updated standard for working at heights is flawed and a step backwards from the 1992 standard that it replaced.
Full Story...


MORE SAFETY AND HEALTH

Grasstree shut for investigation


VLI contractor killed at Grasstree


MSHA releases report on Spring Creek fatality


VIEW ALL STORIES

ENVIRONMENT 
Engineers concerned at Qld order to ignore sea level rise


AN expert coastal group of Engineers Australia has questioned the basis for the Queensland government's instruction to Moreton Bay Council to remove all references to climate change induced sea level rise.
Full Story...


MORE ENVIRONMENT

NSW, feds deal on environmental assessments


Time to get real on decarbonisation target


Maules Creek rail protest


VIEW ALL STORIES

EDUCATION 
Wills on Walls: The pre-flight walk-around


THOSE of you who have read one or two of my articles since this magazine began will probably be aware that I have a slight passion for flying and I occasionally compare mining procedures with those in aviation.
Full Story...



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Coal 2015 - Coal Operators' Conference - NSW
AMC Preparing Appropriate Inputs for Robust Grade Estimation
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Statistics of gloom



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