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Bengalla Coal Mine

Coal prices could exceed $648 a tonne says mining boss

A resources executive predicted unprecedented fossil fuel valuations could keep breaking records in the New Year. New Hope Group believes thermal coal prices will continue to soar above US$440...

Narrabri Coal Mine

New coal expansion exploration licence approved

A mineral producer received the nod to start early work on a proposed coal extension. Whitehaven Coal was recently granted two exploration licences for its Narrabri Coal Mine Expansion, about 140km...

Glencore coal

Coal mine enters receivership with $1B owed

A foreign owned resources operation became insolvent after owing parties more than $1 billion. Deloitte was recently appointed as receivers for Lanco Infratech’s Griffin Coal Mine in Shotts...

Coal mining QRC

Mineral producer abandons new coal projects

A multinational resources company vowed to stop constructing proposed coal developments. South32 recently promised to never spend money on, or build, new coal projects in future. “While we...

Gregory Crinum Coal Mine

Authorities support new coal mining projects

Proposed fossil fuel developments were endorsed by both major political factions. Mineral producers will keep turning the nation into a coal, liquefied natural gas and iron ore powerhouse without...

BMA Australia

Coal price hits $648 a tonne due to energy crisis

One fossil fuel’s value jumped significantly due to escalating tension in Europe. Newcastle coal futures recently soared to US$440 (A$648) a tonne, representing more than a 100 per cent...

Glencore coal

Coal boom will continue into 2023 says employer

One fossil fuel will keep enjoying elevated commodity prices well into the New Year, a mineral producer said. Whitehaven Coal expects the value of coal will continue to soar. The company predicts the...

Bengalla Coal Mine

Coal boom makes mineral producer’s earnings soar

A diversified company is enjoying benefits of rising commodity prices. New Hope Corporation recently reported a five-fold increase in earnings due to the coal mining boom. The proponent recorded $645...