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Thermal coal

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… ...

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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… ...

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Jun 28, 2021
Exports bounce counted in the billions

Exports bounce counted in the billions

The Office of the Chief Economist says Australia is set to record its best year of resources exports. That’s contained in the latest Resources and Energy Quarterly (REQ) which both reviews market movements and forecasts Australia’s exports. It says the fortunes of Australian resources exports are tied to a rebounding world economy and are likely to hit… ...

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Jun 25, 2021
Adani warning over bankers’ anti-coal agenda

Adani warning over bankers’ anti-coal agenda

Banks and insurance companies are destroying Australian jobs and communities to satisfy demands from green activists, Adani Australia head Lucas Dow told an inquiry on Friday (June 25). The company chief executive officer and country head was giving evidence before a Joint Standing Committee hearing regarding the prudential regulation of investment in Australia’s export industries…. ...

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Jun 25, 2021
Contractor highlights insurance snub impact

Contractor highlights insurance snub impact

BMD Constructions chief executive officer Scott Power has told an inquiry how the stance of insurers is threatening key infrastructure projects and Australia’s choice in what developments should go ahead. BMD came up against a brick wall during its annual insurance renewal process last year when it came to gaining cover for its work on… ...

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Jun 24, 2021
Bravus in the black at Carmichael

Bravus in the black at Carmichael

Bravus has exposed the first of the coal seams at the Carmichael project in Central Queensland, almost two years after receiving final approval to mine. Bravus Mining and Resources chief executive officer David Boshoff said it was an exciting day for the 2600-plus people on the project. “Throughout the last two years of construction and… ...

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Jun 19, 2021
Call for action on workforce hit by energy transition

Call for action on workforce hit by energy transition

The union representing coal-fired power station workers and affected miners is calling on the Queensland Government to make good on transition funding as the State moves towards new energy sources. The CFMEU said the Palaszczuk Government had made a promise before the last election to ensure re-training and business development was pursued in relevant regional… ...

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Jun 10, 2021
Peak industry body states the case for local thermal coal mining

Peak industry body states the case for local thermal coal mining

The Minerals Council of Australia (MCA) has presented its latest case for continued domestic thermal coal mining. The recently released Australian Export Thermal Coal: The Comparative Quality Advantages says it is a better product which delivers a more efficient outcome said MCA CEO Tania Constable.It’s the third and final report in the MCA’s Best in Class: Australia’s Bulk Com...

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Jun 10, 2021
Automation partnership recognised by Resources Training Council

Automation partnership recognised by Resources Training Council

Central Queensland students with a vocation in open cut mining will be the first to benefit from a program recognised as the Outstanding Training Initiative of the Year as part of the Resources Training Council’s 2021 Innovative Skilling Awards. The Queensland Future Skills Partnership (QFSP) is a training project delivered by BHP Mitsubishi Alliance (BMA), TAFE Queensland and CQUniversity… ...

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