fbpx

Metallurgical coal

Jul 13, 2021
Millennium poised for August kick-off

Millennium poised for August kick-off

Mining is set to start in August at the Millennium and Mavis Downs mine near Moranbah following completion of the site sale agreement between Peabody Energy Australia and new owner MetRes. MetRes is a 50/50 joint venture between M Resources and Stanmore Resources, which owns the nearby Isaac Plains coal operations. “We are excited to… ...

Read More
Jul 09, 2021
Met coal leads a winning resources exports pack

Met coal leads a winning resources exports pack

It’s predicted there’ll be a 30 percent rise in returns from Metallurgical Coal in the next two years. Surging demand for steel across the globe has turbocharged exports of Queensland metallurgical coal, said Resources Minister Scott Stewart. “This report forecasts Australia’s revenue from metallurgical coal exports will skyrocket from $22 billion in 2020-21, to almost… ...

Read More
Jul 02, 2021
High quality coal substitutes a climate solution

High quality coal substitutes a climate solution

The head of Pembroke Resources said the company’s proposed Bowen Basin mine is part of the climate change solution and would help Australia meet its emissions targets. The company has received a $175 Northern Australia Infrastructure Facility loan to help develop the Olive Downs Mine about 40 kilometres southeast of Moranbah. Related: Olive Downs developed… ...

Read More
Jul 02, 2021
Olive Downs developed as metallurgical coal prices set to rise

Olive Downs developed as metallurgical coal prices set to rise

The Federal Government’s commitment to the Olive Downs Coal Mine was timely with demand for metallurgical coal set to rise said Queensland Resources Council CEO Ian Macfarlane. The board of the Northern Australia infrastructure Fund has approved a $175 million loan to Pembroke Resources to develop the mine southeast of Moranbah in the Bowen Basin…. ...

Read More
Jul 01, 2021
Bouquet of praise for NAIF loan to develop coking coal mine

Bouquet of praise for NAIF loan to develop coking coal mine

Peak industry bodies are praising the Federal Government’s investment into a new Bowen Basin coking coal mine. The Commonwealth’s Northern Australia Infrastructure Facility (NAIF) has announced it would loan $175 million to Pembroke Resources’ Olive Downs Mine, located 40 kms south east of Moranbah. Pembroke Resources is a step closer to delivering this nationally significant… ...

Read More
Jul 01, 2021
Glencore pays out in Queensland

Glencore pays out in Queensland

Glencore is reporting it paid Australian governments $1.9B in the 2020 period. The figure is released in the 2020 ‘Payments to Governments’ report. The diversified minerals company paid $179.318m in taxes on income, $500.083m royalties, $28.890m in fees. Related: Anglo’s annual Australian payout more than $4000 million The Australian Tax  Office was paid more than $182m… ...

Read More
Jul 01, 2021
Loan facilitates the creation of hundreds of jobs

Loan facilitates the creation of hundreds of jobs

More than 500 new mining jobs are closer to fruition following the announcement of a loan to Olive Downs owners Pembroke. Olive Downs is a metallurgical coal lease located 40 kms southeast of Moranbah. The Federal Government has approved a loan of $175 million to support the mine’s first stage of development which includes rail, and… ...

Read More
Jul 01, 2021
Anglo’s annual Australian payout more than $4000 million

Anglo’s annual Australian payout more than $4000 million

Anglo American has put a figure of its total tax and economic contribution in Australia at more than S4,084 million. It’s contained in a recently released report detailing the company’s tax contribution around the world. In Australia, more than $2,344.4 million was spent on ‘total procurement’ and $693.5 million paid in total taxes including $96.5… ...

Read More
Jul 01, 2021
Olive Downs gets NAIF boost

Olive Downs gets NAIF boost

Pembroke Resources has welcomed the investment decision by the Board of the Northern Australia Infrastructure Facility (NAIF) to provide a loan facility of up to $175 million with a tenor of ten years to finance the development of the Olive Downs Steelmaking Coal Complex (Olive Downs) in the Bowen Basin.  Pembroke is committed to constructing… ...

Read More
Menu