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30 June 2015
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Davis wants to buy Rio coal assets: report


MICK Davis – the former boss of Xstrata before it was bought out by Glencore – is in negotiations with Rio Tinto to acquire its New South Wales thermal coal assets, including the controversial Mt Thorley Warkworth complex, according to a report in the Financial Times.
Full Story...


Horse breeders continue Drayton fight


ANGLO American’s revisions to its Drayton South extension project, which recently included the creation of a horse stud coal mining exclusion zone, were rejected by the Hunter Valley Thoroughbred Breeders Association.
Full Story...


Peabody to slash Metropolitan workforce


PEABODY Energy is shedding 20-25% of the workforce at its Metropolitan longwall mine in New South Wales as part of a roster change and associated fall in production.
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News Wrap


IN THIS morning’s News Wrap: Springvale mine expansion gets PAC review nod; Iron ore seen below $US40 as Capital Economics flags ‘sharp move’; and nuclear needs a ‘40-year vision’ says Kevin Scarce.
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Google to redevelop coal site


GOOGLE will develop a renewable energy powered data centre, its 14th globally, on the grounds of the Alabama-based Widows Creek coal fired power plant which is scheduled for shutdown.
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Qld resources sector seeks to encourage local suppliers


KEY supplier groups, industry, and federal, state and local government representatives met in Brisbane yesterday to enhance a code of practice for local content, which was developed by the Queensland Resources Council and its members, in consultation with the Queensland government.
Full Story...


Supreme Court blocks Obama’s power plant limits


THE US President Barack Obama’s landmark but controversial clean air regulation for coal and oil-fired power plants was dealt a blow yesterday as the Supreme Court ruled the Environmental Protection Agency did not properly consider the proposed regulation’s costs.
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Ulan the focus of environment team


MEMBERS of the Central West Mining and Extractive Environment Team (MEET) were this month shown around Glencore’s Ulan coal mine where water management infrastructure and progressive rehabilitation were on show.
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Santos’ attractive pay deals for NSW farmers


SANTOS has revealed that a farmer could potentially land $A1 million over 10 years as part of “highly attractive compensation arrangements” in its submission to a New South Wales review into oil and gas-related landholder payments.
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Codero Rojo receives accolades for river restoration


CLOUD Peak Energy’s Cordero Rojo coal mine in Wyoming has received the state’s 2015 reclamation award from the department of environmental quality for the successful restoration of the Belle Fourche River.
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Arch sees dimmer export prospects for US coal


US coal producer Arch Coal believes industry-wide coal exports from the US will decline below 90 million tons in 2015 compared with 2014 export levels of nearly 100Mt, with metallurgical exports accounting for most of the reduction.
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Rescue system on trial at Consol’s Harvey mine


NEW rescue systems developed through an initiative by the US Mine Safety and Health Administration have been put to the test during a recent rescue drill at Consol Energy’s Harvey coal mine in southwestern Pennsylvania.
Full Story...


Emeco’s M&A plans fall through


MINING equipment maker Emeco has terminated its agreement to acquire trailer rental business Rentco and has failed to come to a satisfying merger proposal with rival Orionstone.
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McAleese subsidiary falls into administration


HEAVY Haulage Australia – a 50% subsidiary company of haulage contractor the McAleese Group – and the overall HHA Group have been placed into administration.
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Indian grade slippage strikes back


COAL India is facing renewed calls that it is not supplying the correct grades of coal to utilities in the nation.
Full Story...


Comet dream still flies for Acacia


ACACIA Coal is seeking federal environmental approval for its small Comet Ridge open cut coal project in the southern Bowen Basin.
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Peabody shares plunge on downgrade


SHARES in Peabody Energy plunged by 20% last week on the New York Stock Exchange as ratings agency Moody’s downgraded the company’s rating from to B3 from B2 with a negative outlook.
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News Wrap


IN THIS morning’s News Wrap: Mining companies urged to switch focus to expansion; more mining collapses inevitable despite desperate moves for survival; and Bradken to explore merger.
Full Story...


Narrabri ramps up full year production ahead of changeout


WHITEHAVEN Coal is hoping that its Narrabri longwall coal mine in New South Wales will finish the 2015 financial year with production of up to 7.2 million tonnes of ROM coal ahead of a longwall changeout in September.
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Miners faking tests


QUEENSLAND police reportedly claim that fake urine and even prosthetic penises are being used increasingly by the state’s miners to pass company drug tests.
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Bradken weighing up merger


MINING consumables group Bradken is stepping on more stable ground after agreeing to a $A70 million injection from a consortium between Chilean mining conglomerate Sigdo Koppers and CHAMP Private Equity – and is considering a merger proposal.
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Underground mine rescue comp starts at Newcastle


THE 31st annual Newcastle underground Mines Rescue competition started at 6am on Friday with a text message to more than 130 Newcastle mining brigadesmen, advising them to attend a local simulated underground incident.
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Union calls for govt to change tax treatment for mine camps


THE Federal Government should use its tax white paper to review tax arrangements that benefit mining companies building temporary camp accommodation rather than investing in housing or allowing workers to live with family or rent in local communities, according to the Construction Forestry Mining and Energy Union.
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HOGSBACK 
Hogsback on the high costs of takeovers


REPORTS that takeover activity in the coal industry will be on hold for a while because of low prices did not surprise Hogsback because what’s more of a surprise is that anyone in the mining industry ever acquires anything given the huge losses from failed deals.
Full Story...


MORE HOGSBACK

A Libor moment for coal


Coal attack hides Big Oil’s woes


The importance of the Oz government’s India report


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COAL COMPANY ACTIVITY 
Davis wants to buy Rio coal assets: report


MICK Davis – the former boss of Xstrata before it was bought out by Glencore – is in negotiations with Rio Tinto to acquire its New South Wales thermal coal assets, including the controversial Mt Thorley Warkworth complex, according to a report in the Financial Times.
Full Story...


MORE COAL COMPANY ACTIVITY

Peabody to slash Metropolitan workforce


Google to redevelop coal site


Santos’ attractive pay deals for NSW farmers


VIEW ALL STORIES

OEM/SUPPLIER ACTIVITY 
Qld resources sector seeks to encourage local suppliers


KEY supplier groups, industry, and federal, state and local government representatives met in Brisbane yesterday to enhance a code of practice for local content, which was developed by the Queensland Resources Council and its members, in consultation with the Queensland government.
Full Story...


MORE OEM/SUPPLIER ACTIVITY

Emeco’s M&A plans fall through


McAleese subsidiary falls into administration


Bradken weighing up merger


VIEW ALL STORIES

COAL MARKETS 
Indian grade slippage strikes back


COAL India is facing renewed calls that it is not supplying the correct grades of coal to utilities in the nation.
Full Story...


MORE COAL MARKETS

Union calls for govt to change tax treatment for mine camps


WA freezes exploration fees


CNX IPO unit price comes in below expectations


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R & D 
Former CSIRO boss to chair EMI board


DR Megan Clark, the former head of CSIRO and one of Australia's leading scientists, has been appointed to chair the board of the Energy and Minerals Institute (EMI) at the University of Western Australia (UWA).
Full Story...


SAFETY AND HEALTH 
Rescue system on trial at Consol’s Harvey mine


NEW rescue systems developed through an initiative by the US Mine Safety and Health Administration have been put to the test during a recent rescue drill at Consol Energy’s Harvey coal mine in southwestern Pennsylvania.
Full Story...


MORE SAFETY AND HEALTH

Miners faking tests


Underground mine rescue comp starts at Newcastle


MSHA maintains its inspection regime


VIEW ALL STORIES

ENVIRONMENT 
Horse breeders continue Drayton fight


ANGLO American’s revisions to its Drayton South extension project, which recently included the creation of a horse stud coal mining exclusion zone, were rejected by the Hunter Valley Thoroughbred Breeders Association.
Full Story...


MORE ENVIRONMENT

Supreme Court blocks Obama’s power plant limits


Ulan the focus of environment team


Codero Rojo receives accolades for river restoration


VIEW ALL STORIES

EDUCATION 
IMARC full steam ahead for 2015


THE SECOND annual International Mining and Resources Conference has officially launched ahead of the event to be held November 10-12, 2015.
Full Story...



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