Savannah to sell remaining stake in NSW coking coal project
February 16, 2024
The deal will see Savannah receive A$2.38m ($1.55m) in cash and 11.1 million Clara shares, representing a 19.5% interest in Clara.
Tag: Australia
Whitehaven worries IR reforms will be ‘terribly demotivating’
February 15, 2024
Whitehaven Coal managing director Paul Flynn says the Albanese government’s “same job, same pay” agenda could be “terribly demotivating”
South32’s Coal Unit Hit by Lower Production
February 15, 2024
South32’s Illawarra Metallurgical Coal (IMC) division faced a challenging second half of 2023, with pre-tax earnings plummeting 67% YoY
Queensland Coal Exports Slump in January 2024
February 14, 2024
Queensland’s coal exports witnessed a significant 167% drop in January 2024 compared to the same month in 2023.
Aurizon cuts Australian coal haulage guidance
February 12, 2024
Aurizon could reward shareholders with higher dividends or share buybacks after the rail haulage group’s interim net profits jumped 82%
Stanmore Acquires Eagle Downs Coal Project
February 12, 2024
Stanmore Resources has acquired South32’s 50% stake in the Eagle Downs metallurgical coal project in Queensland for $15 million
Wiggins Island Coal Export Terminal in talks on debt refinancing
February 8, 2024
The Wiggins Island Coal Export Terminal continues to be a topic of conversation in the restructuring community, with funds out of Asia…
Australian coking coal exports drop 17% MoM in January 2024
February 7, 2024
Australian coking coal exports dropped 17% m-o-m to 10.80 million tonnes (mnt) in January’24 as against 13.08 mnt in December’23
Russell Vale Colliery to Close Despite Recent Restart
February 7, 2024
Workers at the Russell Vale colliery in NSW, Australia, have been dealt a blow with the news of its closure by operator Wollongong Resources
Australian Coking Coal Exports dropped 5.8% in 2023
February 5, 2024
Australia’s metallurgical coking coal exports in December continued to recover from October and November to a six-month high
Vitrinite Gets Green Light for Vulcan South
February 1, 2024
Brisbane-based coal company Vitrinite has secured approval from the Queensland government for its Vulcan South project
QCoal Group seeking to expand the footprint of its Jax and Sonoma open-cut coal mines
January 31, 2024
The company has filed documents with the Queensland government to amend the environmental approvals for both mines.