The approval of an expansion at Abbot Point, and the opening of a new terminal at Hay Point this week are two rare pieces of good news for the Australian coal sector.
Federal minister for the environment
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Commodity slump hits Aurizon
Aurizon’s share price slid 10% this morning after the company lowered its coal volume forecast, and announced roughly $215m in asset impairments ahead of its half-yearly report in February.
The Queensland-based
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NSW approves Alkane’s Dubbo zirconia project
The NSW Government has approved a mining lease for Alkane Resources subsidiary Australian Zirconia Limited’s Dubbo Zirconia Project (DZP).
Following on from planning approval from the state government
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ACCC sheds light on Brookfield’s proposed undertakings
The Australian Competition and Consumer Commission has kicked off market consultation on the revised undertakings offered by the Brookfield consortium in its proposed takeover of ports and rail group Asciano.
The
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Shanghai powder show hosts record crowds
More than 7,100 trade visitors attended the International Powder & Bulk Solids Processing Conference & Exhibition (IPB) in Shanghai in late October, according to event organiser Powtech.
The attendance
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Iron ore miners stifled by free market mechanics
With the majors holding a bigger slice of the market than ever, and prices at ten-year lows, the iron ore sector has found itself between a rock and a hard place.
The price of iron ore is making itself
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Boost for Adani mine in Qld Land Court
A Queensland court has recommended the state approve Indian giant Adani’s proposed $16.5bn Carmichael coal mine, rejecting claims by environmental groups the mine would be unprofitable and would not
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Qatar fund keen on Asciano, too
The race for Australian logistics firm Asciano has gained a new player, with the US$250bn sovereign wealth fund of Qatar reportedly in discussions with Brookfield to potentially support the Canada/Bermuda-based
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GrainCorp to spend $30m on Canadian JV
Agribusiness GrainCorp has established a joint venture with Japan’s Zen-Noh Grain to operate grain receival sites in Canada.
The 50/50 joint venture, announced on December 14, will be based in Calgary,
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India to dump sugar on struggling market
Five years of bumper crops will lead to a 3.6mt dump of sugar into the international market by Indian producers by September next year.
According to local sources, the country’s sugar refineries
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