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Some mines running at a loss, but future strong for Australian coal
Demand for Australia’s high-quality coal will remain strong for decades into the future as global energy needs continue to rise toward 2050, according to Glencore Coal’s Mick Buffier. Addressing the Sydney Mining Club, Mr Buffier acknowledged that Australian mining, in particular the coal sector, is facing significant economic challenges and he estimated that around one […]
Economy9 September 2014
Minister thanks miners for hard work, but stops short of endorsing new projects
NSW Minister for Resources and Energy, Anthony Roberts, has thanked the Hunter ’s business community for employing thousands of people in mining across the region and acknowledged the economic challenges facing the mining industry . But the Minister stopped short of endorsing two key projects, Coal & Allied’s Mount Thorley Warkworth extension and Anglo American’s […]
Economy8 September 2014
The end of the Mining Tax will be a welcome relief for NSW
“ The NSW Minerals Council welcomes today’s agreement to repeal the Minerals Resource Rent Tax or ‘mining tax’. The repeal of the tax will be good news for the NSW economy and for thousands of mine workers across the state, as well as those working in the more than 10,500 businesses across NSW that supply […]
Industry2 September 2014
Ashton ruling means much needed jobs for the Hunter
“ The Land and Environment Court ruling that the Ashton South East Open Cut Project is capable of approval subject to the resolution of conditions will help secure vital jobs for the Hunter region. “The project will create up to 160 new jobs, as well as new work for the many contractors required to help […]
Industry28 August 2014
Mike Baird’s last chance to save NSW business
Originally published in The Daily Telegraph. NSW Minerals Council CEO, Stephen Galilee Before the last federal election, Ford announced it was closing its Australian car manufacturing operation, axing the jobs of about 1200 workers. The Gillard government went into damage control — a $51 million assistance package for affected communities, followed by an injection of […]
Industry27 August 2014
Illawarra Coal mines a key asset in proposed BHP Billiton demerger
BHP Billiton is proposing major changes to its structure that signals a change in ownership of some of its NSW mines and the establishment of a new multi-billion dollar mid-tier resources company. The company’s Illawarra Coal business, headquartered south of Sydney in Wollongong, will be moved into a new company, dubbed ‘NewCo’, along with […]
Industry20 August 2014
Aurizon results improved by Hunter coal volumes
Coal shipments from the Hunter Valley have been named a major contributor to record breaking tonnage results released today by freight haulage company Aurizon. Underlying earnings before interest and taxation (EBIT) of $851 million are up 13 per cent year on year, mainly due to stronger coal and iron ore haulage volumes. Aurizon […]
Industry19 August 2014
85% of submissions on Mount Thorley Warkworth in Support
“ The overwhelming number of positive submissions in support of Coal and Allied’s Mount Thorley Warkworth planning application reflects the strong level of support for mining in the Hunter, NSW Minerals Council CEO, Stephen Galilee said today. “Following the six week public exhibition period, 1,891 submissions received or 85 per cent are in support of […]
Industry12 August 2014
NSW Government confirms importance of coal to NSW economy
“ The NSW Government’s strategic statement on coal, released today, recognises the importance of a strong coal mining sector to the NSW economy and provides clarity as to the government’s policy direction on coal mining. “Today’s statement on the importance of coal to NSW will be welcomed by coal miners who have been doing […]
Industry6 August 2014
Increase in production and demand for NSW coal continues
“ Latest statistics on NSW coal output show that domestic production and export volumes to international markets grew steadily over the last 12 months, continuing the growth trends of recent years. According to numbers compiled by Coal Services Pty Ltd, saleable coal production increased 5.7 percent over 2013/14, from 185 million tonnes to over […]
Industry5 August 2014
NSW Minerals Council welcomes new member China Molybdenum
The NSW Minerals Council welcomes its new member China Molybdenum (CMOC), majority owner and manager of Northparkes Mines, a copper and gold mining operation located near Parkes in Central West NSW. Pictured: Northparkes Mines near Parkes, NSW CMOC is a global mining company, primarily engaged in the mining, processing, smelting, trade, research and development of molybdenum, tungsten, gold […]
Industry30 July 2014