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Tuesday
5 May 2015
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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.
Full Story...


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.
Full Story...

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.
Full Story...


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.
Full Story...


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.
Full Story...


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.
Full Story...


Emeco, Swick boost revenue


DESPITE the downturn, service providers Emeco Holdings and Swick Mining Services have both posted quarterly revenue rises.
Full Story...


New boss sought for safety job


THE New South Wales Mine Safety Advisory Council (MSAC) is looking for a new independent chairperson.
Full Story...


Companies sold themselves short in first ERF auction: analyst


NEW modelling by energy and emissions market analysts, RepuTex suggests that many bidders – particularly larger projects bidding over 500,000 Australian Carbon Credit Units (ACCUs) – may have sold themselves short at the first Emissions Reduction Fund (ERF) auction by contracting at prices well below the average price of abatement disclosed by the Clean Energy Regulator.
Full Story...


Macmahon scores $19M payment


MACMAHON Holdings has scored a $A19 million payment from Glencore’s Cobar Management and confirmed underground development work at BHP Billiton’s Olympic Dam mine will finish in September.
Full Story...


Lifting the veil on Shell’s SA pull-out


EDISON Research believes Royal Dutch Shell’s “pull-back” from South Africa is not the harbinger of doom for the country’s nascent shale gas industry analysts have predicted, as there’s more to the super-major’s decision than meets the eye.
Full Story...


KBR turns it around


HOUSTON construction and engineering company KBR has turned around a net loss a year ago to come out on top in what it called a “transitional” 2015.
Full Story...


Axe hangs over Illawarra Coal


BHP Billiton’s Illawarra Coal subsidiary will face around 65 job cuts and the associated closure of its Wollongong office if the South32 spinoff is implemented according to information received at a recent analyst tour.
Full Story...


PPK rejigs board, lands property sale


ORIGINAL equipment manufacturer PPK Group has made three internally sourced board appointments plus struck a deal to sell its Dandenong South property for $12.35 million.
Full Story...


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...


News Wrap


IN THIS morning’s News Wrap: Vale ready to cut output amid global glut; Rio Tinto tells Andrew Forrest to ‘get your own house in order’; and Seven lifts stakes in Beach Energy, Drillsearch Energy.
Full Story...


Resources sector drags down project pipeline: Deloitte


THE scale of the challenge Australia faces in navigating its way through a cooling resources boom is becoming clear, with commodity prices having declined to a point that is limiting the returns on past investment as well as putting a stop to new investment opportunities, Deloitte Access Economics’ latest Investment Monitor shows.
Full Story...


Hunter coal chain restored


THE Hunter Valley coal rail network has been re-opened following the flooding damage last week, although maintenance crews will still be around for another couple of weeks.
Full Story...


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...


Experience no bar to fatal accidents: MSHA


DEATH in the coal mining industry doesn’t discriminate between young and old, according to the first quarter report on mining fatalities by the US Mine Safety and Health Administration.
Full Story...


Miners have costliest injury treatment costs: report


WHILE Australia’s mining sector overall incurs the highest treatment cost per worker, with the longest average treatment duration, the return-to-work rate is higher than the Australian average, according to a report by organisational health group Konekt.
Full Story...


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.
Full Story...


MORE MINE ACTIVITY

North Wambo’s last panel approved


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COAL COMPANY ACTIVITY 
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.
Full Story...


MORE COAL COMPANY ACTIVITY

Cockatoo advances Baralaba expansion


APLNG on track as Conoco claims Q1 success


Lifting the veil on Shell’s SA pull-out


VIEW ALL STORIES

OEM/SUPPLIER ACTIVITY 
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.
Full Story...


MORE OEM/SUPPLIER ACTIVITY

Cloud Peak improves earnings from lower revenues


Emeco, Swick boost revenue


Macmahon scores $19M payment


VIEW ALL STORIES

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 
New boss sought for safety job


THE New South Wales Mine Safety Advisory Council (MSAC) is looking for a new independent chairperson.
Full Story...


MORE SAFETY AND HEALTH

Experience no bar to fatal accidents: MSHA


Miners have costliest injury treatment costs: report


Vigilance needed to keep ‘ice’ out of NSW coal industry


VIEW ALL STORIES

ENVIRONMENT 
Companies sold themselves short in first ERF auction: analyst


NEW modelling by energy and emissions market analysts, RepuTex suggests that many bidders – particularly larger projects bidding over 500,000 Australian Carbon Credit Units (ACCUs) – may have sold themselves short at the first Emissions Reduction Fund (ERF) auction by contracting at prices well below the average price of abatement disclosed by the Clean Energy Regulator.
Full Story...


MORE ENVIRONMENT

Mining companies exaggerating benefits: LTG


Renewable platform online


Oz coal could endanger planet: Climate Council


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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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