This Month
- Updated
- Carbon challenge
Glencore says ESG mood has ‘evolved’ and it will keep coal mining
The Swiss-based commodities giant had proposed spinning off the fossil fuel into a separate company but has decided to retain the division.
- Updated
- Peter Ker
- Opinion
- Chanticleer
Investors are developing a ‘dirty’ little secret
Glencore’s decision to keep its energy coal business is part of a broader push back against climate-related strategy shifts by big emitters.
- James Thomson
Closing Eraring would have driven up power bills: research
Electricity prices would be $55 a megawatt-hour higher if Origin were to close the coal power plant next year, the government was told.
- Angela Macdonald-Smith
Anglo American’s bankers court Indonesian bidders
BUMA and MACH are understood to be discussing a joint bid, but are yet to formally commit to working together.
- Sarah Thompson, Kanika Sood and Emma Rapaport
July
Eraring output at five-year high as coal dependence persists
Origin Energy lifted provisions on plant sites by $235 million and warned of a big jump in coal costs for the generator.
- Angela Macdonald-Smith
Big Glencore shareholders want to keep coal
An influential group of Glencore shareholders want the company to abandon a plan to spin-off its coal division, and allocate those earnings to new avenues of growth.
- Peter Ker
- Opinion
- Chanticleer
Macquarie has partly reversed its ban on banking coal deals
Sentiment against part of the coal industry has softened, and Macquarie has read the tea leaves.
- Anthony Macdonald
Anglo’s Grosvenor mine unlikely to restart before it hits the market
The London-listed diversified miner’s chief executive, Duncan Wanblad, says a fire in Queensland would not derail his break-up plan.
- Peter Ker
Japan’s Chugoku puts its share of $1.1b Boggabri coal mine up for sale
The electricity retailer owns 10 per cent of the NSW operation, and it is the latest Japanese coal industry cornerstone firm to exit.
- Peter Ker
Australia’s third-largest coal customer warns of dwindling appetite
South Korea’s shift to nuclear power, along with milder weather, has already reduced the country’s coal use, which is set to further tumble over the decade.
- Elouise Fowler and Michael Read
Suitors scramble to get across Anglo’s $7.5b Queensland coal auction
Sharp-nosed suitors are expected to push for the company to take a chunk of the bid value as deferred consideration, tied to Grosvenor’s performance.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Whitehaven Coal says inflation is ‘rife’
The coal miner says the cost of parts and services continues to rise despite higher unemployment, as a rail “glitch” soured its $6.4b move into Queensland coal.
- Peter Ker
These cheap mining stocks still offer opportunity for investors
A drop in mining business valuations has opened a window of opportunity for investors looking to lock in cheap prices and potentially big dividends.
- Tom Richardson
New Hope has bigger ambitions at $1.1b Malabar Resources
After the company raised $300 million in July, there is logic behind it making a play for all of NSW coal miner Malabar Resources.
- Tom Richardson
Copper boss in swipe at BHP after $393m Indonesian-led takeover bid
Indonesia’s billionaire Salim family has swooped on Australia’s biggest fully permitted copper project.
- Brad Thompson
Anglo American prepares to launch $7b-plus sale of Queensland coal mines
Sources said confidentiality agreements are due to be mailed out in the coming fortnight, after which the London-listed miner would set a deadline for non-binding indicative bids.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Letters to the Editor
Payman’s position on Gaza is ironic
Readers’ letters on Senator Fatima Payman; migration policy; breaking up supermarket giants; live sheep exports; the demise of coal; and the Downer kiss of death.
Why coal stocks are seeing an epic rally
Underground fires at two major coal operations have ignited a rally in unloved ASX miners, and some analysts are tipping prices to push even higher.
- Alex Gluyas
- Exclusive
- Emissions
NSW coal power stations put on notice over CO₂ limits
The new licence conditions come amid a resurgence in coal power generation in the state and across the National Electricity Market in the June quarter.
- Angela Macdonald-Smith
- Opinion
- Chanticleer
New Hope makes it two convertibles in two days
It’s good to see the miners creative with their funding structures.
- Anthony Macdonald
