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31 May 2015
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Collinsville’s difficult cuts


GLENCORE will cut about 80 jobs and 2 million tonnes per annum of production from the Collinsville open cut coal mine in Queensland with the coal downturn blamed.
Full Story...


Adani clears the air


CONTRARY to recent reports, Adani Mining does not believe it is likely that its vast Carmichael coal project in Queensland’s Galilee Basin will ever operate on 100% fly-in, fly-out.
Full Story...


Hogsback on the hypocrisy of coal divestors


FASHIONABLE as is it for some investors to play the climate card when talking about divesting shares in coal mining companies Hogsback suspects there is another reason for selling and that’s a simple test of how to make the most money.
Full Story...

News Wrap


IN THIS morning’s News Wrap: Coal at cheapest since 2009 as CME phases out Appalachia futures; Rinehart loses control of $5B family trust; and Norway's $1.15 trillion wealth fund curbs coal investments.
Full Story...


New Hope ready to weather downturn


QUEENSLAND thermal coal producer New Hope reduced its saleable coal production by nearly 1% year-on-year to 1.42 million tonnes in the recent quarter but also lifted its coal sales by 4.4% year-on-year.
Full Story...


Takeover target Cokal in trading halt


SHARES in Australian Securities Exchange-listed Indonesian coal explorer Cokal were placed in a trading halt yesterday as shareholders await developments on a takeover offer by Indonesia’s Cakra Mineral.
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Gas to win from Obama’s latest coal war front


GAS is to gain a greater generation share under US President Barack Obama’s controversial Clean Power Plan, followed by renewable energy sources at the cost of coal.
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Marathon reverse takeover approved


SHAREHOLDERS in former minerals explorer Marathon Resources have approved the company's change of direction into the world of in-situ gasification – underground coal gasification as it is more widely known – once the company resumes trading on the Australian Securities Exchange.
Full Story...


Enough is enough: AGPA


VICTORIA’S Treasurer Tim Pallas may have promised at APPEA 2015 that the latest inquiry into unconventional E&P in the state will be swift, but the Australian Pipelines and Gas Association also wants to ensure it’s absolutely the last in a drawn-out saga that is jeopardising investment in the state.
Full Story...


Wood Group snares key CCS UK role


THE UK’s Department of Energy and Climate Change has appointed Wood Group Kenny to provide technical advisory services for carbon capture and storage (CCS) policies, as well as potential projects across the UK, as part of a four-year framework agreement.
Full Story...


FIFO network launch


THE FIFO Australian Community of Excellence (FACE) network was launched in Perth last night to promote and advance globally sustainable FIFO work practices.
Full Story...


COR Cooling relocates to Rutherford


INDUSTRIAL cooling and heat exchange solutions supplier COR Cooling is relocating its New South Wales based operations to Rutherford during June, 2015.
Full Story...


Soto enhances exposure


SOTO Consulting Engineers has launched a revamped website to enhance awareness of its “high-level” engineering design solutions for heavy industrial and resource sectors, particularly coal.
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Rio trusts in IT empire


A SWAG of acquisitions over the last few years had led Australian Securities Exchange-listed IT services company Empired to net an estimated $A20 million contract with Rio Tinto.
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Illawarra cost out targets


SOUTH32, which plans to cut 65 jobs by closing the Wollongong office of Illawarra Coal according to analysts, is expected to reveal the associated cost-out goals in August.
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Adani sets a date


DESPITE taking a step forward by setting a September date for off-site construction to start, Adani has happened upon another stumbling block.
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The FIFO agenda


BREAKING the “mines culture” in Central Queensland towns was a corporate motivation for introducing 100% fly-in, fly-out coal mining operations according to one of the 27 public submissions into the state’s FIFO inquiry.
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News Wrap


IN THIS morning’s News Wrap: Glencore makes good on slower coal output; Goldman Sachs says the iron ore market is becoming a ‘zero-sum game’; and turn out the lights as commodity spending boom ends.
Full Story...


Labour hire pay gulf


LABOUR hire mine workers are often getting nearly half the pay of their full time mining company-employed colleagues for the same jobs across the coal industries in New South Wales and Queensland.
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Law of the jungle for coal miner survival: Citi


IT WILL be “survival of the fittest” for the world’s coal miners, according to a research report by Citi.
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Rinehart among world’s most powerful women


HANCOCK Prospecting chairman Gina Rinehart has been named as one of the world’s most powerful women by Forbes.
Full Story...


Activists protest against BHP Kalimantan coal mines


ACTIVISITS yesterday attempted to unfurl a banner in BHP Billiton’s Melbourne headquarters containing the names of more than 9000 people who are calling for the company to abandon its plans to build a series of coal mines in Kalimantan.
Full Story...


Intelligent blasting


THE answer to many underground miners blasting problems may exist in the one package. Supply Side by Australia’s Mining Monthly editor Noel Dyson.
Full Story...


HOGSBACK 
Hogsback on the hypocrisy of coal divestors


FASHIONABLE as is it for some investors to play the climate card when talking about divesting shares in coal mining companies Hogsback suspects there is another reason for selling and that’s a simple test of how to make the most money.
Full Story...


MORE HOGSBACK

Hogsback and the previously untold parable of coal


Profiting from the unburnable coal campaign


Brown coal a cheap power option


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MINE ACTIVITY 
Another UK Coal closure looms


DOWNTURN-hit UK Coal, which will entirely cease underground coal mining by year-end, is poised to close down its Thoresby Colliery in Nottinghamshire in July.
Full Story...


MORE MINE ACTIVITY

Mt Owen job losses


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COAL COMPANY ACTIVITY 
Collinsville’s difficult cuts


GLENCORE will cut about 80 jobs and 2 million tonnes per annum of production from the Collinsville open cut coal mine in Queensland with the coal downturn blamed.
Full Story...


MORE COAL COMPANY ACTIVITY

Adani clears the air


New Hope ready to weather downturn


Takeover target Cokal in trading halt


VIEW ALL STORIES

OEM/SUPPLIER ACTIVITY 
Marathon reverse takeover approved


SHAREHOLDERS in former minerals explorer Marathon Resources have approved the company's change of direction into the world of in-situ gasification – underground coal gasification as it is more widely known – once the company resumes trading on the Australian Securities Exchange.
Full Story...


MORE OEM/SUPPLIER ACTIVITY

Enough is enough: AGPA


COR Cooling relocates to Rutherford


Soto enhances exposure


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COAL MARKETS 
COR Cooling relocates to Rutherford


INDUSTRIAL cooling and heat exchange solutions supplier COR Cooling is relocating its New South Wales based operations to Rutherford during June, 2015.
Full Story...


MORE COAL MARKETS

The FIFO agenda


Labour hire pay gulf


Law of the jungle for coal miner survival: Citi


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SAFETY AND HEALTH 
Deer Run drama


CARBON monoxide levels remain too high at the Deer Run longwall mine in Illinois which Foresight Energy evacuated on March 26.
Full Story...


MORE SAFETY AND HEALTH

Pinning between rib and conveyor leads to US fatality


Check your Aircheks: safety alert


Fume fail: 7 BHP miners hospitalised


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ENVIRONMENT 
Activists protest against BHP Kalimantan coal mines


ACTIVISITS yesterday attempted to unfurl a banner in BHP Billiton’s Melbourne headquarters containing the names of more than 9000 people who are calling for the company to abandon its plans to build a series of coal mines in Kalimantan.
Full Story...


MORE ENVIRONMENT

Stop financing Galilee Basin projects: Oz scientists


Energy Efficiency Council flags changes at the top


Qld government’s mining stance spurs protests


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AMC Preparing Appropriate Inputs for Robust Grade Estimation
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