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This Month
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
June
China Cinda sells down at Yancoal, again
This is the second time this year the firm has sold down its stake, bringing its stake under 10 per cent.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Russian mining membership dogs global coal lobby
Now known as FutureCoal, the organisation says it is “agnostic” after appointing a Russian director. Its members include Yancoal, Whitehaven and Incitec Pivot.
- Peter Ker
March
- Exclusive
- Carbon challenge
Glencore urged to keep coal, seek ASX home
Activist investor Tribeca has told Glencore directors they could add billions in value by retaining coal and embracing the ASX as its primary listing.
- Peter Ker
February
China Cinda selling $200m stake in Yancoal; Barrenjoey on trade
Barrenjoey Capital Markets was seeking buyers for $200 million worth of Yancoal Australia shares – or 2.7 per cent of the company – on Monday evening.
- Sarah Thompson, Kanika Sood and Emma Rapaport
January
Whitehaven soars on coking coal pivot
Whitehaven Coal says many foreign steelmakers have expressed interest in buying a minority stake in the Blackwater mine it is about to acquire from BHP.
- Peter Ker
December 2023
Investors tip strong payouts from sin-binned coal stocks
The coal sector is consolidating as big miners sell assets at bargain prices to juniors that can potentially grow resources and balance dividend payouts.
- Tom Richardson
October 2023
Coal shipments have worst August for five years
Demand for Australian exports is expected to pick up from September as countries in the northern hemisphere stock up ahead of winter.
- Elouise Fowler and Joshua Peach
September 2023
Thermal coal climbs as Russia-Ukraine war rolls into its second winter
Twelve months after prices hit unprecedented highs above $US400 a tonne, coal markets are starting to prepare for a cold snap in Europe.
- Updated
- Joshua Peach
August 2023
Whitehaven’s mystery investor fires warning shot
The $US3.5 billion-plus auction for BHP’s Blackwater and Daunia mines is creating a corporate stoush in an unexpected place.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Exclusive
- Carbon challenge
Origin’s big power profit leaves price-capped coal supplier fuming
Yancoal’s David Moult is disappointed the miner’s power bill rose 156pc in the period it was forced by government to sell cheap coal to NSW generators.
- Peter Ker
July 2023
NSW treasurer says higher coal royalties won’t push up power prices
NSW Treasurer Daniel Mookhey says higher taxes on the state’s coal industry will have only a “negligible” risk of increasing power prices.
- Elouise Fowler, Peter Ker and Patrick Durkin
TPG Telecom treads on Telstra’s turf with private mobile push
TPG Telecom is signing up more resources companies to private mobile networks, edging into industries dominated by Telstra after handing over a network to Yancoal.
- Jenny Wiggins
May 2023
Emissions plan could create ‘perverse outcomes’ for coal miners
Underground mines and coking-coal producers would struggle if Labor forces them to compete against the average emissions of open-pit and thermal-coal mines.
- Peter Ker
April 2023
Coal shipments slump amid labour shortages, wet weather
The export data released by the Port of Newcastle, the largest coal facility in Australia, come ahead of production figures from Yancoal, BHP and Whitehaven.
- Elouise Fowler and Peter Ker
Energy regulator ignores expert verdict on ‘fair’ coal profits
Federal regulators say a “fair” profit margin on coal sales is about 20 per cent lower than the profit margin recommended by their expert advisor
- Peter Ker
March 2023
Cashed up New Hope to double coal volumes
As climate experts call for curbs on fossil fuels, New Hope says it will almost double coal production over five years in the belief energy security matters too.
- Peter Ker
Yancoal keen on BHP’s Queensland coal mines
Acquisition of Rio Tinto’s coal mines made Yancoal arguably Australia’s most indebted company five years ago. Now it’s cashed up and ready to buy BHP’s mines.
- Peter Ker
February 2023
BHP wants coking coal for the long haul despite mine sales
BHP chief Mike Henry says coking coal remains in BHP’s long-term plans but only the elite, hard coking coals that will survive longest in a low carbon world.
- Peter Ker
Here’s how cashed-up coal miners are protecting their exports
Coal miners will clear debts at a NSW export terminal faster in the expectation that fossil fuel lending policies will tighten and some mines will shut early.
- Updated
- Peter Ker