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Kestrel Coal Mine

Qld coal mines rumoured to be exited soon

Two major mines could be under new management within just months. The next coal operations to be exited are widely speculated to be EMR Capital’s Kestrel mine (51km northeast of Emerald) and...

Dendrobium coal mine

Resources producer approves $2B coal mine sale

A mineral multinational agreed to sell one of its mining operations. South 32 recently approved a binding agreement to sell Illawarra Metallurgical Coal for US$1.65 billion (A$2.53B) to part of M...

Telfer mine

Resources giant confirms $1B mine selloff

A global mining company revealed it could profit substantially from exiting multiple operations. Newmont Corporation recently confirmed it will sell off its Telfer, Musselwhite, Éléonore, Akyem...

Wiluna mine

$73M mining revival announced

A struggling resources operation could reopen if everything goes to plan. Administrators recently revealed $73 million would be sufficient to restart Wiluna mine, 530km north of Kalgoorlie. Wiluna...

South32 Cannington Mine

Central Qld coal mine sells for up to $200M

A fossil fuel operation will be under new ownership in Queensland’s Isaac region. Stanmore Resources recently agreed to purchase South32’s Eagle Downs Coal Mine in Winchester, 208km...

Avebury mine

Mine collapses after failing to find new owner

Dwindling commodity prices forced a struggling resources operation into receivership. A near 42 per cent drop in nickel spot prices prompted Mallee Resources to transition its Avebury mine into care...

Maxwell Coal Mine

$509M coal project fast tracked

An underground coal operation will be accelerated. New Hope Corporation (NHC) recently purchased up to $105 million of institutional placement equity in Malabar Resources. The amount comprises of a...