Whitehaven Coal profit slumps 91pc

Original article by Peter Ker
The Australian Financial Review – Page: Online : 21-Feb-20

Whitehaven Coal has reported a 2019-20 half-year net profit of $27.4 million, which is 91 per cent lower than previously. Despite the decline, it still managed to declare a dividend, although shareholders will only receive a payment of $0.015 per share, compared to the $0.20 per share they received for the previous corresponding period. Falling thermal coal prices were the biggest contributor to Whitehaven’s profit decline, while its coal production was down by 31 per cent.

CORPORATES
WHITEHAVEN COAL LIMITED – ASX WHC

Anglo boss eyes healthy coal exit

Original article by Nick Evans
The Australian – Page: 17 & 20 : 17-Feb-20

Anglo American will decide whether to sell its remaining coal mines by the end of 2020, says CEO Mark Cutifani. He notes that thermal coal now accounts for less than five per cent of group EBITDA, after selling a number of thermal coal mines in recent years. However, he adds that finding buyers for thermal coal mines has become more challenging, given that other mining companies are exiting the sector.

CORPORATES
ANGLO AMERICAN PLC, BHP GROUP LIMITED – ASX BHP, GLENCORE PLC

BHP in box seat to buy troubled Peabody mine

Original article by Peter Ker
The Australian Financial Review – Page: 23 : 7-Feb-20

Peabody Energy is seeking a buyer for its North Goonyella coking coal mine in Queensland, and it has signalled that it is open to a joint venture arrangement. BHP is seen as a potential buyer of the mine, given that it owns nearby assets such as the Goonyella Riverside mine and the undeveloped Red Hill project. Production at North Goonyella has been on hold since part of the mine was damaged by a fire in 2018.

CORPORATES
PEABODY ENERGY CORPORATION, PEABODY ENERGY AUSTRALIA COAL PTY LTD, BHP GROUP LIMITED – ASX BHP

Worker safety the top priority, says mine boss

Original article by Sarah Elks
The Australian – Page: 5 : 3-Feb-20

BHP Mitsubishi Alliance executive James Palmer says health and safety is the mining company’s top priority. He was commenting on an internal document regarding an accident at one of its coal mines in Queensland, in which a bulldozer operator nearly drowned when his machine overturned in a water-filled pit. Investigators had queried why the pit was not emptied before work began; according to the document, there was an internal mandate to keep trucks running in order to meet production targets. Palmer says that what was presented in the document is not how things are presented in the company’s safety messages. Eight workers have died in Queensland quarries and coalmines in the past 18 months.

CORPORATES
BM ALLIANCE COAL OPERATIONS PTY LTD, BHP GROUP LIMITED – ASX BHP, MITSUBISHI CORPORATION

Cyber squatters nab South32, poke their tongue at BHP

Original article by Paul Smith
The Australian Financial Review – Page: 3 : 10-Dec-14

BHP Billiton has ruled out buying the South32.com domain name, which is owned by a company based in Malibu. It is believed to have demanded $A10m to surrender the name. BHP recently revealed South32 as the name of the spin-off that will hold its non-core assets, and says it was not willing to pay the price being sought by the domain name’s owner. Experts say BHP should have ensured that it owned the .com domain as well as related domain names

CORPORATES
BHP BILLITON LIMITED – ASX BHP, .AU DOMAIN ADMINISTRATION LIMITED, FABULOUS DOMAINS, DARK BLUE SEA LIMITED, KARI BIAN FILM COMPANY, SOUTH32 LIMITED, NTEGRITY PTY LTD

Whitehaven takes hit on drought and fires

Original article by Peter Ker
The Australian Financial Review – Page: 17 & 22 : 6-Dec-19

Whitehaven Coal has advised that output at its Maules Creek mine in 2019-20 will be 7-10 per cent lower than previously forecast. The company has indicated that factors such as smoke from the New South Wales bushfires has disrupted work at the mine. Whitehaven also said the mine’s production has been affected by a shortage of skilled workers. Environmental activists have suggested that the downgrade is linked to climate change.

CORPORATES
WHITEHAVEN COAL LIMITED – ASX WHC, AUSTRALASIAN CENTRE FOR CORPORATE RESPONSIBILITY, AUSTRALIAN CONSERVATION FOUNDATION INCORPORATED, YANCOAL AUSTRALIA LIMITED – ASX YAL, NEWCREST MINING LIMITED – ASX NCM, GLENCORE PLC, AURELIA METALS LIMITED – ASX AMI

Port logjams threaten coal demand: Tata Steel

Original article by Luke Housego
The Australian Financial Review – Page: 19 : 5-Dec-19

Tata Steel MD T.V. Narendran says India will continue to source the bulk of its coking coal from Australia; however, he warns that India will seek other sources of coking coal if action is not taken to address bottlenecks at Queensland’s coal shipping ports. Narendran notes that India currently imports about 50 million tonnes of coking coal a year, and this will grow significantly amid expectations that the nation’s steel production will double over the next decade.

CORPORATES
TATA STEEL, AUSTRALIA. OFFICE OF THE CHIEF ECONOMIST

Adani Ports chief bullish on future of Australian coal

Original article by Matthew Cranston
The Australian Financial Review – Page: 9 : 15-Nov-19

Adani Port’s CEO Karan Adani says its port operations will be carbon neutral by 2025. Adani’s controversial Carmichael coal mine in Queensland is due to commence shipping 200,000 tonnes of coal a week to India in 2021. India is tipped to overtake China as the largest importer of coal in the mid 2020s. Karan Adani views climate change as an important issue, but he notes that millions of Indians are still burning kerosene and wood. Coal remains the least expensive and most reliable source of electricity in India, while the nation’s former power secretary Ram Vinay Shahi notes that 300 million Indians do not have a reliable source of energy.

CORPORATES
ADANI PORTS, ADANI MINING PTY LTD

Autopilot anger over BHP’s robots

Original article by Matthew Stevens
The Australian Financial Review – Page: 32 : 14-Nov-19

Politicians and union leaders responded with somewhat predictable outrage to BHP’s plans to fully automate the fleet of haulage trucks at its Goonyella coal mine in Queensland. However, the move to driverless trucks should not have been a surprise, given that BHP has been actively deploying the technology at its Pilbara iron ore mines in recent years. The BHP Mitsubishi Alliance has also consulted with Goonyella’s workforce and the local community with regard to the automation strategy, while it has committed to creating additional jobs as well as retaining all current employees.

CORPORATES
BHP GROUP LIMITED – ASX BHP, BM ALLIANCE COAL OPERATIONS PTY LTD, MITSUBISHI CORPORATION, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE, AUSTRALIAN LABOR PARTY, LIBERAL-NATIONAL PARTY OF QUEENSLAND

BHP’s robot trucks head to coal mines

Original article by Nick Evans
The Australian – Page: 17 & 24 : 13-Nov-19

BHP has advised that it will commence the roll-out of driverless haulage trucks at its Goonyella Riverside coal mine in 2020. The resources giant will eventually operate a fleet of 86 autonomous trucks at the mine, but it has stressed that the move will not result in any forced redundancies. BHP already uses driverless trucks at its iron ore mines in the Pilbara, but Goonyella will be the first large-scale use of the technology in the coal sector.

CORPORATES
BHP GROUP LIMITED – ASX BHP, BM ALLIANCE COAL OPERATIONS PTY LTD, MITSUBISHI CORPORATION, CONSTRUCTION, FORESTRY, MARITIME, MINING AND ENERGY UNION OF AUSTRALIA, WHITEHAVEN COAL LIMITED – ASX WHC