Fresh off his company’s acquisition of the Whyalla steelworks last year, British billionaire Sanjeev Gupta will buy the Tahmoor mine off commodities giant Glencore, to supply the steelworks with coking
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McGowan defends rejected Mineral Resources expansion
WA Premier Mark McGowan has defended a decision to block the expansion of Mineral Resources’ mining operation at Yilgarn, despite the miner’s announcement roughly 400 jobs will be lost.
Mineral Resources,
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Downer wins $400m gold contract
Engineering and services firm Downer rounded out its 2017 announcing a $400 million deal to provide mining services at the Gruyere Gold Project in south-central WA.
The deal will commence early in 2018,
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Abbott leads charge against of Turnbull’s ‘carbon tax’
Former PM Tony Abbott is among a selection of conservative Coalition MPs speaking out against Malcolm Turnbull’s proposal to let power companies buy foreign permits to meet emissions targets, according
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Adani cancels mine deals with Downer
Indian energy giant Adani has cancelled $2.6 billion in potential contracts with Downer for drilling, blasting, coal and waste haulage at its proposed Carmichael project in the Galilee Basin.
Downer told
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Aurizon riled up over draft access framework
Rail operator Aurizon “will consider the full range” of options to challenge the Queensland Competition Authority’s new draft access framework for the Central Queensland Coal Network.
The QCA on
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Marginal coal producers benefit from limited Aussie exports
Constraints to coal exports on Australia’s east coast have led to major windfalls for foreign coal producers, as supply constraints push coking coal prices well above US$200 a tonne.
According to a Fairfax
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Rio trucks 50% autonomous by 2019
Rio Tinto has announced it will have more than 50% of its haul truck fleet operating autonomously by mid-2019, after it signed agreements with Caterpillar and Komatsu to convert old trucks to autonomous
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Commodities help drive Budget boost
Strong commodity prices have helped the Federal Government deliver an improved budget outlook in its mid-year update, with new figures suggesting peak debt could be $11 billion lower in FY21 than forecast
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BHP looking to boost coking coal output
As the price of coking coal reaches a seven-month high of around US$236 a tonne, BHP is studying its options to potentially boost production from its Queensland assets, according to multiple reports.
Healthy
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