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Sam Chong

Qld coal mining magnate’s payday hits up to $2B

A Brisbane resources mogul celebrated huge financial gains from soaring fossil fuel prices. Jellinbah Group recently reported a $1.92 billion profit and $1.7B in dividends for the 2022 financial year...

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...

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...