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In the past week, Rio Tinto has announced three separate deals that complete its exit from coal. In this article, Viktor Tanevski, a senior research analyst at Wood Mackenzie, offers his analysis.
Aurizon’s revised maintenance plan has been dubbed ‘Cyclone Aurizon’ because of the havoc it will create for the industry and the Queensland economy.
The underground coal mine in Queensland, Australia has been sold to EMR and Adaro for US$2.25 billion.
Engie intends to convert its Hazelwood power station into a full pit lake following the project’s shutdown last March.
“The Palaszczuk Government understands the need to responsibly explore highly prospective land and produce our resources – whether it is metallurgical or thermal coal, gas or metals – for the benefit of all Queenslanders,” says QRC.
A visit to the Middlemount South coal mine helped Indigenous students to understand the significance of cultural heritage surveys, and provided an insight into career pathways they can follow after leaving school.
Local girls in central Queensland have recently taken part in an all-girls Queensland Minerals and Energy Academy event.
The Land 400 Defence contract has been awarded to Rheinmetall Defence Australia.
Mitsubishi Corporation has completed its sale of interests in the Warkworth coal mine in Australia.
“Despite the predictions of green activists, the value of thermal coal exports surged 18%, while the worth of LNG exports lifted 15%,” says Queensland Resources Council.
Australian coal producer Yancoal has become a member of the World Coal Association.
The company’s revenue was up 124% to AUS$136.5 million, with EBITDA of AUS$29.6 million.