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Wednesday
8 July 2015
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Axe looms for 40% of Russell Vale workforce


WOLLONGONG Coal has announced plans to layoff 69 of the 172 workers at its Russell Vale longwall mine in New South Wales, about 40% of the mine’s workforce, with market conditions and planning delays blamed.
Full Story...


Prairie positioning for Polish play


EUROPEAN coal focused Prairie Mining has made the decision to pursue listings for its securities on both the London Stock Exchange and the Warsaw bourse, reflecting the location of its Lublin coal project in Poland.
Full Story...


A fume fizzer


The New South Wales Environment Protection Authority is believed to have stopped investigating Whitehaven Coal over a blast fume incident involving its young Maules Creek open cut coal mine last week.
Full Story...

News Wrap


IN THIS morning’s News Wrap: Rio could suffer after NSW govt changes planning reforms; Nightmare start for commodities, further pain ahead; and BHP Billiton completes sell-down of unwanted shares.
Full Story...


NSW backdown on planning to cost coal jobs, says Minerals Council


THE New South Wales government’s proposal to remove economic considerations from the assessment of important mining projects will cost jobs and hurt regional mining communities, especially in the Hunter Valley where coal project extensions are awaiting approval, according to the NSW Minerals Council.
Full Story...


Stanmore issues maiden resource for Clifford


STANMORE Coal has completed the exploration program for the second farm-in period within the Clifford coal project area in Queensland under joint exploration agreement with the Japan Oil, Gas and Metals National Corporation (JOGMEC) that announced a maiden resource of 370 million tonnes of which 80Mt is indicated and 290Mt inferred.
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Boggabri dozer collision


A WATER truck was involved in a minor collision with a stationary dozer at the Boggabri open cut coal mine in New South Wales’ Gunnedah Basin yesterday morning. The driver was uninjured.
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New gas drainage system launched


AUSTRALIAN manufacturer Subterranean Professionals has developed a fluid drainage system for underground coal when intersecting both underground in-seam (UIS) and surface to in-seam (SIS) gas drainage boreholes.
Full Story...


Unlikely coalition unites on climate


AN UNUSUAL coalition comprising major Australian business, union, research, environment, investor and social groups has been formed to seek common ground on climate policy.
Full Story...


Baker Hughes too exposed: Rystad


THE largest service companies in North America onshore have been punished for being heavily exposed to the North American market, with Halliburton’s takeover darling Baker Hughes among the worst offenders, according to Norwegian energy intelligence firm Rystad Energy.
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Metgasco in govt sights


THERE are concerns Metgasco could again be in the New South Wales government’s sights following AGL Energy’s move to sell three CSG exploration blocks back to the state government.
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Phenolic foam completes certification, passes burn test


DYWI Mine Fill phenolic foam not only complies with the European Commission regulations but has also passed the DMT “big fire test” at its Dortmund test gallery in Germany.
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Mining ‘going nowhere fast’: Investec


UK INVESTMENT bank Investec says it sees no meaningful recovery in commodity prices until at least 2017.
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Frac focus turns to Yorkshire


LANCASHIRE may have put the "ecky-thump" on plans by Anglo-Australian concern Cuadrilla Resources’ immediate plans to frac near Blackpool, and now it’s the turn of Yorkshire to consider the role of unconventional gas in the UK’s economy.
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Wesfarmers advances Curragh extension project


WESFARMERS is seeking federal environmental clearance to extend the mine life of its Curragh open cut coal mine in Queensland’s Bowen Basin by eight years to 2038.
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Fairhurst sees no fair go


ANGLO American Drayton South project manager Rick Fairhurst has expressed disappointment with recent comments by the Hunter Thoroughbred Breeders Association.
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Coal to dominate power demand growth


COAL will supply almost all the growth in electricity generation over the next two years in Australia, consultancy Pitt&Sherry said yesterday on the first anniversary of the abolition of the carbon tax.
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News Wrap


IN THIS morning’s News Wrap: X2 drafts in Goldman for its dig at Rio's coal assets; Rinehart says dad Lang Hancock would not be thrilled at family dispute; and AGL Energy to take $603 million writedown on gas business and sell some assets.
Full Story...


US met coal crunch


JP Morgan has forecast US metallurgical coal exports to plunge 21% to 45 million tonnes in 2015 then fall another 11% to 40Mt in 2016.
Full Story...


ASIC fines junior


COAL FE Resources, now Aus Asia Minerals, has been fined $A33,000 by the Australian Securities and Investments Commission.
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Productivity challenge addressed


THE University of Technology, Sydney’s Institute for Sustainable Futures has launched an Action Agenda for Resource Productivity and Innovation to help Australia remain globally competitive by increasing resource productivity.
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Marathon starts three-year race


MARATHON Resources returned to trading on the Australian Securities Exchange on Friday morning under its new guise as a South Australian underground coal gasification concern.
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AGL thinks small


AGL Energy is getting out of the oil business and dramatically scaling back its domestic gas interests with a further $435 million writedown revealed in yesterday morning’s comprehensive review of its upstream gas business.
Full Story...


HOGSBACK 
The start of coal games


IT WOULD be nice to think that a bidding duel has broken out for Rio Tinto’s coal assets because that would be the best signal for some time that people actually want to invest in coal, but Hogsback is suspicious that he is watching a high-stakes game.
Full Story...


MORE HOGSBACK

Hogsback on the high costs of takeovers


A Libor moment for coal


Coal attack hides Big Oil’s woes


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COAL COMPANY ACTIVITY 
Axe looms for 40% of Russell Vale workforce


WOLLONGONG Coal has announced plans to layoff 69 of the 172 workers at its Russell Vale longwall mine in New South Wales, about 40% of the mine’s workforce, with market conditions and planning delays blamed.
Full Story...


MORE COAL COMPANY ACTIVITY

Prairie positioning for Polish play


Stanmore issues maiden resource for Clifford


Metgasco in govt sights


VIEW ALL STORIES

OEM/SUPPLIER ACTIVITY 
New gas drainage system launched


AUSTRALIAN manufacturer Subterranean Professionals has developed a fluid drainage system for underground coal when intersecting both underground in-seam (UIS) and surface to in-seam (SIS) gas drainage boreholes.
Full Story...


MORE OEM/SUPPLIER ACTIVITY

Baker Hughes too exposed: Rystad


Phenolic foam completes certification, passes burn test


Bearings offer cost-efficiency in materials handling


VIEW ALL STORIES

COAL MARKETS 
NSW backdown on planning to cost coal jobs, says Minerals Council


THE New South Wales government’s proposal to remove economic considerations from the assessment of important mining projects will cost jobs and hurt regional mining communities, especially in the Hunter Valley where coal project extensions are awaiting approval, according to the NSW Minerals Council.
Full Story...


MORE COAL MARKETS

Mining ‘going nowhere fast’: Investec


Frac focus turns to Yorkshire


Coal to dominate power demand growth


VIEW ALL STORIES

SAFETY AND HEALTH 
A fume fizzer


The New South Wales Environment Protection Authority is believed to have stopped investigating Whitehaven Coal over a blast fume incident involving its young Maules Creek open cut coal mine last week.
Full Story...


MORE SAFETY AND HEALTH

Boggabri dozer collision


Operator blamed for bolting fatality


Safety wire can provide safety to control systems


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ENVIRONMENT 
Unlikely coalition unites on climate


AN UNUSUAL coalition comprising major Australian business, union, research, environment, investor and social groups has been formed to seek common ground on climate policy.
Full Story...


MORE ENVIRONMENT

Mine subsidence analysis results on threatened ecological communities


Clarence’s river spill crisis


Murray Energy to sue US EPA over Clean Water Act


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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