Coal mine strife stokes supply fears

Original article by Mark Ludlow, Angela Macdonald-Smith
The Australian Financial Review – Page: 6 : 21-Sep-17

A Glencore spokesman rejects suggestions that protracted enterprise agreement negotiations at its Hunter Valley coal mines has affected its ability to secure new supply contracts or fulfil existing contracts. Tony Maher of the Construction, Forestry, Mining & Energy Union claims that the industrial action has had a material impact on Glencore and resulted in a 20 per cent increase in the price of coal. There are concerns that the dispute could also result in higher electricity prices and affect electricity supply.

CORPORATES
GLENCORE PLC, CONSTRUCTION, FORESTRY, MINING AND ENERGY UNION OF AUSTRALIA, AUSTRALIAN ENERGY MARKET OPERATOR LIMITED, AUSTRALIAN ENERGY COUNCIL, AGL ENERGY LIMITED – ASX AGL, ORIGIN ENERGY LIMITED – ASX ORG, PACIFIC NATIONAL PTY LTD, AURIZON HOLDINGS LIMITED – ASX AZJ

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s