This Month
Pembroke secures $875m loan to double Queensland coal development
The privately held owner of a major Bowen Basin mine has secured the debt from international investors in a sign of renewed appetite to lend to the commodity.
- Elouise Fowler
Messages reveal Forrest blasting executives over ‘most stupid’ deal
The communications were released in court proceedings over a failed plan to buy coal plants in Ohio and West Virginia and run them on clean-burning hydrogen.
- Peter Ker
- Exclusive
- Carbon challenge
Adani lines up mega debt deal in litmus test for coal financing
The Indian conglomerate’s Abbot Point business had failed to refinance its maturing debt several times between 2020 and 2023 amid reluctance over fossil fuels.
- Peter Ker
January
Peabody boss in Japanese charm offensive for $US3.8b Anglo coal deal
There’s plenty of work still going around in the blockbuster deal, between the Japanese minorities and external bidders waiting for any further selldowns.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Carlyle, Varde prep equity injection amid Bis Industries’ $150m refi
The private capital heavyweights will inject fresh equity into Bis Industries to help get a $150 million refinancing off the ground.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Queensland coal mine to boost output after legal hurdle overcome
New Hope will ramp up its New Acland mine after striking a legal deal around water use, ending more than a decade of litigation on the long-stalled project.
- Elouise Fowler
Alinta Energy taps investment banks as HK tycoon owner weighs options
Street Talk understands Hong Kong’s Chow Tai Fook has mandated investment banks UBS and RBC Capital Markets for advice ahead of a major renewables push.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Coal price slumps to three-year low as super-cycle fades
The commodity is now selling for 23 per cent less than it was only five months ago as a surge in global supply meets a warmer-than-usual northern summer.
- Elouise Fowler and Peter Ker
Spotlight falls on outliers as miners embrace paid parental leave
Miners are sweetening benefits to attract female employees. Yet Macmahon, a major employer, is resisting paid time off for new parents.
- Elouise Fowler and Mark Wembridge
December 2024
Coal demand hits record with Australia bulking up
Australia is over-represented on the world stage as a source of new coal output, the International Energy Agency found.
- Angela Macdonald-Smith
EnergyAustralia’s fight for future of NSW coal plant
The large Mount Piper generator may be needed by the market for another 15 years, but in a vastly different role that will require policy support.
- Angela Macdonald-Smith
November 2024
- Opinion
- Climate policy
The argument against clean energy is an argument for more blackouts
It is a race against time with the grid under pressure because of coal’s failure not renewables, writes Climate Change Authority chairman Matt Kean.
- Matt Kean
- Opinion
- Chanticleer
Private credit will lick its lips over Peabody’s $3.2b bridge loan
We’ve seen this movie elsewhere in Australian coal: a miner buys mines, and funds the deal with a short-term loan. Enter private credit.
- Anthony Macdonald
Peabody in $5.8b Anglo American coal deal
Takeover target Anglo American has shored up its defences against BHP by selling its Queensland coal mines for up to $5.8 billion.
- Peter Ker
Blackout risk lingers in NSW as coal outages hit
The tight electricity supply in the state follows an unusually large number of unexpected outages at coal power units.
- Updated
- Angela Macdonald-Smith
Anglo American’s coal sale turns into two-horse race; Mubadala lurks
The $US3 billion auction for Anglo American’s Queensland coal mines has narrowed down to two bidding consortiums, Peabody-BUMA and Stanmore-GEAR-M Resources.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Glencore, BHP & Co’s $9.4b wealth transfer now just part of life
Miners running up to Queensland is a good example of how business is playing Australian politics, where state premiers are the ones in high demand.
- Anthony Macdonald
Coal miners halt climate fund donations citing lack of projects
Australia’s cashed-up coal miners have put the brakes on contributions to an industry decarbonisation fund and the decision will be reviewed “periodically”.
- Peter Ker
NSW idle in pragmatic shift on coal: Glencore CEO
Gary Nagle says the state, where Glencore is struggling to extend the life of a coal mine, has fallen behind the rest of the world in failing to adopt a more “neutral” position on the fossil fuel.
- Angela Macdonald-Smith
Port of Newcastle’s container terminal pitch tempts foreign investors
The world’s biggest coal export hub has been approached by big investors who want to help fund an expansion that is expected to cost well above $2.5 billion.
- Jenny Wiggins