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Blackwater Coal Mine

New Central Qld coal project proposed

A multinational mining company plans to construct a new coal development in Queensland’s Central Highlands region. BHP recently applied for federal approval to construct its new $1 billion...

BMA Australia

Demand for coal tipped to skyrocket due to Russia ban

International sanctions on at least one Russian fossil fuel is predicted to start a new Australian mining boom. A prohibition on coal imports from Russia recently took effect, removing up to 187...

Lundin mine sinkhole

Authority will sanction mining giant for sinkhole

A multinational mineral producer could pay the ultimate price for failing to prevent a cavity near one of its major mining operations. Lundin Mining could be indefinitely banned from Chile after a 36...

Prominent Hill mine

Resources giant makes $8B acquisition bid for rival

A multinational mining company is prepared to pay big money to seize control of a “modern” competitor. BHP recently made an $8.3 billion takeover offer for OZ Minerals. The proposed deal...

Maxwell Coal Mine

Underground coal mine receives $94M boost

A resources producer attracted major funding for its flagship coal operation. New Hope Corporation (NHC) recently purchased a 15 per cent stake in Malabar Resources. The deal involved NHC acquiring...

Glencore coal

Demand for coal hits a decade high

Global fossil fuel consumption rose to record levels not seen in almost 10 years, new data shows. The International Energy Agency (IEA) recently confirmed coal demand rose to the previous annual...

Blair Athol mine

Foreign owner exits multinational coal producer

An Asia-backed investment company reportedly sold its minority stake in a mining company that operates in multiple countries. Hong Kong-headquartered OCP Asia is rumoured to have disposed of TerraCom...

Coal mining QRC

Mining giant sells stake in foreign coal producer

A multinational resources company exited its shareholding in an Asia-backed business. Glencore recently sold a minority stake in Yancoal Australia for $422 million. “Glencore can confirm it has...

Simandou mine site

Mining giant pushes ahead with $26B project

A multinational resources producer refuses to abandon a mega development. Rio Tinto recently pushed ahead with its US$20 billion (A$26.7B) Simandou Mine, 526km southeast of Conakry. The proponent...

MACA workers

Employer recommends $350M acquisition offer

A diversified company approved a major takeover bid from a direct competitor. MACA’s board of directors recently recommended a $350.2 million acquisition offer from rival Thiess...