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Tuesday
5 May 2015
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Pain leads to gain for Qld coal


QUEENSLAND’S wave of downsizing, restructuring and contract renegotiations have dramatically changed the face of Queensland’s coal industry for the better, with the sector now starting to regain its global competitiveness, a new report has revealed.
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Goldman eyes Colombian coal exit


INVESTMENT bank Goldman Sachs is in talks to sell its lossmaking, greentape-challenged Colombian coal mines.
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Kellow takes the helm at Peabody in a ‘challenging time’


AUSTRALIAN-born BHP Billiton veteran Glenn Kellow has officially taken over the role of president and CEO of the world’s largest private-sector coal mining company – Peabody Energy – with his election to the board yesterday.
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News Wrap


IN THIS morning’s News Wrap: Brown coal extends rebound, pushing up power sector emissions; contractors push for Atlas Iron to return to full production; and S&P cuts BHP Billiton outlook to negative over dividend, cash flow strain.
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Review follows electrician’s shock


MINES have been urged to review their risk assessments for high voltage switching, equipment access and testing following an incident in which an electrician sustained injuries after being shocked at an underground coal operation in New South Wales.
Full Story...


Koala fears hit Watermark chances


CHINA Shenhua Energy’s $1.2 billion Watermark coal project in the Gunnedah Basin of New South Wales is facing a legal challenge based on a perceived threat to the Gunnedah region’s koala population.
Full Story...


Balancing act during stacker reclaimer maintenance at Clermont


G&S Engineering has used an Enerpac EVO synchronous lifting system for the task of accurately lifting and positioning components of a 515 tonne stacker reclaimer while balancing a 60m boom in order to replace the centre bearing.
Full Story...


Mining a pain for coal


NEW statistics from organisational health group Konekt has revealed Australia’s mining industry has the highest average cost for an injured worker and the longest service duration, but New South Wales’ coal sector is particularly disadvantaged, the group’s product manager Nicholas Ward said.
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Thousands more workers face the axe


WORLEYPARSONS has announced plans to sack more than 2000 workers, saying its earnings for the second half of the fiscal year will be half what they were in late 2014.
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BHP downgraded by S&P


STANDARD & Poor’s has downgraded BHP Billiton’s outlook to negative due to lower iron ore and oil prices, while leaving Rio Tinto’s unchanged.
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Equipment, services M&A on the up


GLOBAL oil and gas equipment and services deal activity, including capital market activity and mergers and acquisitions, increased by more than $2.6 billion ($A3.33 billion) in overall value from February to March, according to research and consulting firm GlobalData.
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Personal dust monitor training made available by MSHA


AS of February 1, 2016, US coal mine operators will be required to use the continuous personal dust monitor (CPDM) to sample for respirable coal mine dust on working sections of underground coal mines and other areas approved by the district manager.
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Tax cut wins


CUTTING the company tax rate ranked among the top three priorities for 75% of businesses recently surveyed by the Australian Industry Group ahead of next week’s federal budget.
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Finding balance in the boardroom


MINERS considering boardroom reductions to save costs must weigh potential gains against a loss of diversity at board level, according to an Australian Institute of Company Directors representative.
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Glencore quiet on Rio opposition


GLENCORE’s plans to expand mining at its Mt Owen open cut colliery are under threat due to rail capacity issues with Rio Tinto subsidiary Coal and Allied’s nearby operations.
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China’s met coal death knell


SPOT prices for Australian hard coking coal have fallen to lows not seen since 2006 as China starts to add to the global glut in metallurgical coal.
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Second Cat longwall shearer to go to Narrabri


AFTER setting new longwall production records last year, Whitehaven Coal’s Narrabri North mine has ordered a second Cat EL3000 Longwall Shearer and a second Cat BSLPF6 Stage Loader for delivery in August this year.
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News Wrap


IN THIS morning’s News Wrap: Church of England dumps coal; new Mitsui chief looks beyond resources; and South32 index cash set for shift south.
Full Story...


Cockatoo advances Baralaba expansion


COCKATOO Coal is facing one last court objection to its plans to expand its Baralaba coal mine from 1 million tonnes per annum of capacity to 3.5Mtpa.
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Africa shows the way


WHILE Australia’s geothermal industry stalls, Ethiopia and Kenya are showing how it can be done, while the global industry as a whole suffers under financing, legal, institutional and regulatory hurdles, it was revealed at the World Geothermal Congress in Melbourne.
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Cloud Peak improves earnings from lower revenues


CLOUD Peak’s first quarter revenue of $261.8 million from its owned and operated mines segment was slightly lower on the 2015 figure due to reduced shipments.
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APLNG on track as Conoco claims Q1 success


CONOCOPHILLIPS recorded a $US222 million ($A280.87 million) loss for the first quarter of 2015, re-iterating Australia Pacific LNG as one of five major projects it had advanced towards start-up by the end of the year.
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Emeco, Swick boost revenue


DESPITE the downturn, service providers Emeco Holdings and Swick Mining Services have both posted quarterly revenue rises.
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HOGSBACK 
Lessons of Yancoal Australia


AUSTRALIA, and the rest of the Western world, has a lot to learn from China, but after reports of a boardroom bust-up at the coal mining company Yancoal Australia it struck Hogsback that there are some Chinese qualities best ignored, or even condemned.
Full Story...


MORE HOGSBACK

Hogsback watches Mick Davis flash his cash


Currency collapse the way out for Australian mining


Triple trouble for coal


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MINE ACTIVITY 
Out & About: Baird’s Drayton tour


ANGLO American has provided snaps of the recent Drayton mine and Drayton South project tour made by Premier Mike Baird and Planning Minister Robert Stokes.
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MORE MINE ACTIVITY

North Wambo’s last panel approved


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COAL COMPANY ACTIVITY 
Goldman eyes Colombian coal exit


INVESTMENT bank Goldman Sachs is in talks to sell its lossmaking, greentape-challenged Colombian coal mines.
Full Story...


MORE COAL COMPANY ACTIVITY

Kellow takes the helm at Peabody in a ‘challenging time’


BHP downgraded by S&P


Finding balance in the boardroom


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OEM/SUPPLIER ACTIVITY 
Balancing act during stacker reclaimer maintenance at Clermont


G&S Engineering has used an Enerpac EVO synchronous lifting system for the task of accurately lifting and positioning components of a 515 tonne stacker reclaimer while balancing a 60m boom in order to replace the centre bearing.
Full Story...


MORE OEM/SUPPLIER ACTIVITY

Thousands more workers face the axe


Equipment, services M&A on the up


Tax cut wins


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COAL MARKETS 
Energy women dominate scholarship


WOMEN working in the oil, gas and energy industry dominated the third round of the federal government’s Board Diversity Scholarship Program, winning 17 of the 40 scholarships on offer.
Full Story...


MORE COAL MARKETS

Thermal coal’s dim outlook


Baird meets hard working miners


Western Surat CSG moves forward


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R & D 
Major coal research program launched


THE Brookings Institution’s Energy Security and Climate Initiative has launched a major research program to provide policymakers with an “unbiased assessment of how to deal with coal moving forward, both domestically and internationally”.
Full Story...


SAFETY AND HEALTH 
Review follows electrician’s shock


MINES have been urged to review their risk assessments for high voltage switching, equipment access and testing following an incident in which an electrician sustained injuries after being shocked at an underground coal operation in New South Wales.
Full Story...


MORE SAFETY AND HEALTH

Mining a pain for coal


Personal dust monitor training made available by MSHA


New boss sought for safety job


VIEW ALL STORIES

ENVIRONMENT 
Koala fears hit Watermark chances


CHINA Shenhua Energy’s $1.2 billion Watermark coal project in the Gunnedah Basin of New South Wales is facing a legal challenge based on a perceived threat to the Gunnedah region’s koala population.
Full Story...


MORE ENVIRONMENT

Companies sold themselves short in first ERF auction: analyst


Mining companies exaggerating benefits: LTG


Renewable platform online


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EDUCATION 
BHP trains up students


THE week-long Make it now in Trades (MINT) challenge – a collaboration between BHP Billiton Mitsubishi Alliance (BMA) and the Queensland Minerals and Energy Academy (QMEA) – has given 20 students from regional Queensland the training tools to become future tradies.
Full Story...


MORE EDUCATION

Rio returns to Diggers


Coal Prep show to examine future of US coal


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'Perfect storm’ closes in on mining



Statistics of gloom



We’re not out of the woods quite yet



Resources profit, investment down



US energy players surge ahead in productivity










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