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25 July 2014
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Coal mines must go, says Goldman


GOLDMAN Sachs believes more Australian mine closures are needed to usher in more sustainable metallurgical coal prices.
Full Story...


Cliffs posts loss amid boardroom stoush


EMBATTLED miner Cliffs Natural Resources has reported a 26% drop in consolidated revenues, year on year, for the second quarter to $US1.1 billion ($A1.16 billion) and net loss of $2 million.
Full Story...


Malabar clears a greentape hurdle


MALABAR Coal has taken another step in the greentape journey to get its Spur Hill longwall project, near BHP Billiton’s vast Mt Arthur mine in the Hunter Valley, approved.
Full Story...

   CURRENT FOCUS FEATURES

QME 2014

SMW wins Qld contractor award

Out and About: Day Two at QME 2014

Out and about at QME 2014

QME attracts innovative solutions to Bowen Basin

Enerpac to flaunt offerings

Companies team up for QME offering

How QME benefits Mackay

QME to host industry-improvement seminars

Oxygen sensor to be launched at QME

Compressors on show at QME 2014


  VIEW ALL STORIES on QME 2014



   TODAY'S STORIES xCONTINUED


News Wrap


IN THIS morning’s News Wrap: Cascade Coal to appeal cancellation of licences; ANZ hoax emailer’s defence blames journalists; and BHP to exit manganese in ‘four pillars’ strategy.
Full Story...


SMW wins Qld contractor award


SMW Group is Queensland’s first Mining Contractor of the Year for an innovative hydraulic lift system as part of its 797 tray rebuilds project, which has been hailed as a major breakthrough that enhances quality, safety and speed, leading to customer savings of 25%.
Full Story...


Blast haunts closed Indian coal mine


AN EXPLOSION recently rocked an eastern Indian open cut coal mine, which was closed down 10 years ago.
Full Story...


Resource sales crawl for Caterpillar


THE general mining gloom has caught up with Caterpillar too, which posted a 29% downturn, year-on-year, for its resource industries segment sales.
Full Story...


SunCoke coal disposal follows impairment


SUNCOKE Energy directors have authorised the sale or other disposal of its coal mining business. The board expects a transaction will take place by the end of 2014.
Full Story...


No peanuts in Kingaroy JORC upgrade


MORETON Resources has announced a 200% increase in the indicated and inferred resource at its Kingaroy coal project in Queensland to a collective 98.9 million tonnes, while its measured resource is 122.3Mt.
Full Story...


ACCC passes on MacGen appeal


The Australian Competition and Consumer Commission will not challenge the Australian Competition Tribunal’s clearance of AGL Energy’s $1.5 billion acquisition of Macquarie Generation.
Full Story...


That’s right neighbourly


ELK Run Coal has won a Good Neighbour award from the US Office of Surface Mining Reclamation and Enforcement.
Full Story...


US to spend $4B on shale refining


THE US is forecast to spend about $US4 billion ($A4.24 billion) on refining capacity projects between 2014 and 2020 to help it process its increasing volumes of shale oil.
Full Story...


GHD and Conestoga-Rovers & Associates join forces


An 8500-strong engineering, environmental consulting, architecture and project management firm has formed, following the merger of GHD and Conestoga-Rovers & Associates (CRA).
Full Story...


Metgasco critical of NSW response


THE New South Wales Government has responded to an amended judicial review sought by Metgasco over the suspension of its approval to drill the Rosella exploration well near Bentley.
Full Story...


Adani ‘committed’ to Qld coal


CONTRARY to recent press speculation, Adani Group is not pursuing a “sweeping overhaul” of its $A18 billion-plus Queensland coal assets – including the Abbot Point coal terminal – and it remains committed to commercialising its Galilee Basin project.
Full Story...


Glencore tight-lipped on Japanese divestment


MINING giant Glencore is not commenting on recent reports that Japanese trading houses Itochu and Sumitomo aim to sell their stakes of the Glencore-operated Newlands and Collinsville coal mines in Queensland.
Full Story...


A new hope or just a case of premature speculation?


IT HAS been a long time since an Australian coal company could claim to have been the best performer on the stock exchange but when Hogsback took a look at the ASX earlier this week he was bowled over to see that two coal stocks were leading the way up.
Full Story...


News Wrap


IN THIS morning’s News Wrap: emission policies tarnish King Coal’s crown; UK government reverses Drax decision; and Beijing shuts coal station to ease smog.
Full Story...


Out and About: Day Two at QME 2014


SAFETY and innovation formed the focus of QME 2014. Lou Caruana took these shots at the exhibition yesterday.
Full Story...


Peabody posts loss


US COAL giant Peabody has posted a $US72 million ($A76.3 million) loss from continuing operations for the second quarter of 2014. That is compared to income of $101.4 million for the same period last year.
Full Story...


Production up, prices down for BHP


METALLURGICAL coal production grew 20% in the 2013-14 financial year to a record 45 million tonnes, exceeding BHP Billiton’s guidance.
Full Story...


A foxy find


THE final drill hole from the Bundaberg coking coal project on Fox Resources’ 100% owned EPC 1523 has confirmed the lateral continuity of the coal seams modelled as part of the 101 million tonne inferred resource the company announced in March.
Full Story...


Mackay service centre to get upgrade


SANDVIK is upgrading its Mackay, Queensland service facility to a productivity centre, which will make it one of only four in Australia.
Full Story...


HOGSBACK 
A new hope or just a case of premature speculation?


IT HAS been a long time since an Australian coal company could claim to have been the best performer on the stock exchange but when Hogsback took a look at the ASX earlier this week he was bowled over to see that two coal stocks were leading the way up.
Full Story...


MORE HOGSBACK

The rising demand for coal


Hogsback and the saga of Wilkie Creek


Hogsback and the Great Irony (also known as the Great Delusion)


VIEW ALL STORIES






MINE ACTIVITY 
In the recovery room


SIGNAL Peak Energy has set a pre-driven recovery room record. By Ry Stone.
Full Story...


MORE MINE ACTIVITY

Foresight unfazed


Arch idles Cumberland River complex


West Cliff fire scare


VIEW ALL STORIES

COAL COMPANY ACTIVITY 
Cliffs posts loss amid boardroom stoush


EMBATTLED miner Cliffs Natural Resources has reported a 26% drop in consolidated revenues, year on year, for the second quarter to $US1.1 billion ($A1.16 billion) and net loss of $2 million.
Full Story...


MORE COAL COMPANY ACTIVITY

Malabar clears a greentape hurdle


SunCoke coal disposal follows impairment


No peanuts in Kingaroy JORC upgrade


VIEW ALL STORIES

OEM/SUPPLIER ACTIVITY 
SMW wins Qld contractor award


SMW Group is Queensland’s first Mining Contractor of the Year for an innovative hydraulic lift system as part of its 797 tray rebuilds project, which has been hailed as a major breakthrough that enhances quality, safety and speed, leading to customer savings of 25%.
Full Story...


MORE OEM/SUPPLIER ACTIVITY

Resource sales crawl for Caterpillar


GHD and Conestoga-Rovers & Associates join forces


Out and About: Day Two at QME 2014


VIEW ALL STORIES

COAL MARKETS 
ACCC passes on MacGen appeal


The Australian Competition and Consumer Commission will not challenge the Australian Competition Tribunal’s clearance of AGL Energy’s $1.5 billion acquisition of Macquarie Generation.
Full Story...


MORE COAL MARKETS

US to spend $4B on shale refining


Gradual thermal coal recovery


Resource sector may be on borrowed time


VIEW ALL STORIES

EQUIPMENT 
Nowhere to hide


THE latest tracking technology can pinpoint the exact location of a miner throughout an entire shift; and it has also become a lot smarter. Supply Side, by Australia’s Mining Monthly editor Thomas Smith
Full Story...


MORE EQUIPMENT

Cat to supply two LTCC units to Turkish mine


Clean Coal Technologies gains momentum


VIEW ALL STORIES

R & D 
Backing for a robot dust-up


A LARGE-scale dust suppression maker from Illinois is backing a team of high school students dedicated to building working robots for the For Inspiration and Recognition of Science and Technology Robotics competitions.
Full Story...


MORE R & D

Mining tech underestimated: Court


Coal has more uses than fuel: IEA


A catalyst for research in China


VIEW ALL STORIES

SAFETY AND HEALTH 
Blast haunts closed Indian coal mine


AN EXPLOSION recently rocked an eastern Indian open cut coal mine, which was closed down 10 years ago.
Full Story...


MORE SAFETY AND HEALTH

No one hurt in train coal spill


North Wambo’s rescue honours


Backing for a robot dust-up


VIEW ALL STORIES

ENVIRONMENT 
Bandanna gets another Springsure break


A SECOND objection to Bandanna Energy’s Springsure Creek coal project, 47km southeast of the Queensland town of Emerald, has been withdrawn.
Full Story...


MORE ENVIRONMENT

BHP contributes $6M to Bush Blitz


Report prompts Greens to call for halt on Abbot Point


Despite its demise, the carbon price has cut emissions


VIEW ALL STORIES

EDUCATION 
Hunter mining show has focus on community


THE Hunter Mining Show 2015, a new trade exhibition developed for the New South Wales Hunter region mining industry, will take place in Singleton from March 12 to 14 next year.
Full Story...


MORE EDUCATION

Companies team up for QME offering


Deputy Premier backs IMARC


How QME benefits Mackay


VIEW ALL STORIES


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'Perfect storm’ closes in on mining



Statistics of gloom



We’re not out of the woods quite yet



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US energy players surge ahead in productivity










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