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

BHP’s Colombian coal to take on Australian miners in Asia

Original article by Peter Ker
The Australian Financial Review – Page: 24 : 31-Oct-19

The Cerrejon thermal coal mine in Colombia will shift its export focus to Asia in response to declining demand for coal in Europe. Cerrejon president Guillermo Fonseca expects the transition to clean fuels and renewable energy will take some time, and the region will still be using coal in 2050. The Cerrejon mine is jointly owned by BHP, Glencore and Anglo America, and BHP is believed to be keen to exit both Cerrejon and the Mt Arthur mine in New South Wales.

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

Anglo puts brakes on driverless mine trucks

Original article by Nick Evans
The Australian – Page: 17 & 21 : 2-Oct-19

Anglo American has opted to overhaul the existing fleet of haulage trucks at its Dawson coal mine in Queensland, rather than replace them with autonomous trucks. A spokeswoman say a feasibility study has concluded that the deployment of autonomous vehicles would not be the best use of capital at present; however, Anglo American may reconsider using driverless trucks when its existing fleet reaches the end of its operational life. At present, Whitehaven is the only Australian coal producer to have committed to the use of autonomous trucks, which are now widely used at iron ore mines in the Pilbara.

CORPORATES
ANGLO AMERICAN PLC, WHITEHAVEN COAL LIMITED – ASX WHC, BHP GROUP LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG

New Hope blasts loophole for activists

Original article by Brad Thompson
The Australian Financial Review – Page: 15 : 23-Sep-19

New Hope Corporation’s CEO Shane Stephan has called for the abolition of laws that exempt environmental activists from penalties for engaging in secondary boycotts. He says it is not right that anti-coal activists can target suppliers to the mining industry with action that would otherwise be illegal under the Competition and Consumer Act. New Hope recently advised that 150 workers at its New Acland mine will be retrenched at the end of October. A proposed $900m expansion of the mine has been on hold for more than a decade.

CORPORATES
NEW HOPE CORPORATION LIMITED – ASX NHC, WASHINGTON H SOUL PATTINSON AND COMPANY LIMITED – ASX SOL, ADANI MINING PTY LTD

Warming link to coalmine refusal

Original article by Perry Williams
The Australian – Page: 2 : 19-Sep-19

The New South Wales Independent Planning Commission has rejected South Korean firm Kepco’s proposed Bylong thermal coal project. Kepco has so far spent $700 million on the project, which is located in the winemaking Mudgee region. It aims to mine 120 million tonnes of coal for export over 25 years, with the prospect that the NSW government would secure $290 million in mining royalties. In knocking back the Bylong project, the IPC cited concerns over its impact on groundwater and agricultural land, as well as noting that "greenhouse gas aspects of the project remain problematical".

CORPORATES
NEW SOUTH WALES. INDEPENDENT PLANNING COMMISSION, KEPCO INCORPORATED

We can thrive in low carbon world: Whitehaven

Original article by Peter Ker
The Australian Financial Review – Page: Online : 12-Sep-19

Whitehaven Coal has undertaken modelling to determine the possible impact on its business of countries cutting their carbon emissions to curtail global warming in line with the Paris climate agreement. Based on a scenario where countries seek to limit temperature increases to under two degrees Celsius, demand for Australian coal would contract by under 4.5 per cent per year over the next two decades. WWhitehaven is confident it would remain cash-flow positive over that period, while it contends demand for its coal will fall less than for other Australian coal, due to low impurity levels and high energy content.

CORPORATES
WHITEHAVEN COAL LIMITED – ASX WHC