Coal mine gets $175m federal loan

Original article by Mark Ludlow
The Australian Financial Review – Page: 10 : 2-Jul-21

The $5 billion Northern Australian Infrastructure Facility has approved a $175 million loan to Pembroke Resources for its proposed Olive Downs coking coal mine in Queensland. The mine will support up to 700 jobs during its construction phase and over 500 jobs when it is up and running. Approval of the loan for the Olive Downs project comes only two months after federal Resources Minister Keith Pitt vetoed a $280 million loan by the NAIF for a wind farm project in North Queensland.

CORPORATES
NORTHERN AUSTRALIA INFRASTRUCTURE FACILITY, PEMBROKE RESOURCES PTY LTD, AUSTRALIA. DEPT OF INDUSTRY, SCIENCE, ENERGY AND RESOURCES

Pleas for Premier to back mine extension

Original article by Michael McKenna
The Australian – Page: 4 : 26-May-21

New Hope Corporation recently advised that production at the New Acland coal mine in Queensland will end later in 2021 unless a long-delayed expansion is approved. The approvals process has been stalled for nearly 13 years due to a series of legal challenges and the state government’s inertia. The mine’s workforce has been reduced from 320 to just 120 since 2019, and the remaining workers face retrenchment. Federal Labor MP Joel Fitzgibbon has urged the state government to approve the expansion; he has also accused Labor of turning its back on coal workers.

CORPORATES
NEW HOPE CORPORATION LIMITED – ASX NHC, AUSTRALIAN LABOR PARTY

South32 set to dump coal mine project

Original article by Nick Evans
The Australian – Page: 16 : 12-Jan-21

Diversified miner South32 is believed to be seeking a buyer for its 50 per cent stake in the Eagle Downs coking coal project in Queensland after deciding not to proceed with the partially-built mine. South32 acquired its stake in the project from Vale in 2018, several years after Eagle Downs was mothballed amid a fall in coal prices. South32 recently received a feasibility study on the project. Chinese steelmaker Baowu owns the other half of the Eagle Downs project.

CORPORATES
SOUTH32 LIMITED – ASX S32, CHINA BAOWU STEEL GROUP CORPORATION LIMITED, VALE SA

Chinese demand has BHP optimistic

Original article by Nick Evans
The Australian – Page: 16 : 22-Apr-20

BHP produced 68 million tonnes of iron ore in the March quarter, a year-on-year increase of four per cent. Production for the first nine months of 2019-20 rose to a record 205 million tonnes. BHP notes that demand for iron ore in China remains strong, but it has flagged a potential double-digit fall in steel production outside of China in 2020. BHP’s quarterly production report also shows that output at its coal mines in Queensland was 16 per cent lower than in the December quarter and seven per cent lower year-on-year.

CORPORATES
BHP GROUP LIMITED – ASX BHP

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

BHP facing fresh coal safety probe over 2018 fatality

Original article by Peter Ker
The Australian Financial Review – Page: 13 & 18 : 29-Jan-20

Queensland’s Department of Natural Resources, Mines & Energy has filed criminal charges against BHP and Mitsubishi over the death of a worker at the Saraji coal mine in December 2018. The case, which will be heard by the industrial magistrates’ court, will allege that safety breaches may have contributed to the man’s death when his bulldozer fell into a pool of water. The Department has confirmed that it is investigating a similar incident at the Peak Downs mine in mid-2018, in which a dozer driver escaped serious injury.

CORPORATES
BHP GROUP LIMITED – ASX BHP, MITSUBISHI CORPORATION, QUEENSLAND. DEPT OF NATURAL RESOURCES, MINES AND ENERGY

Time for Adani to deliver on jobs

Original article by Greg Brown
The Australian – Page: 4 : 12-Dec-19

Labor leader Anthony Albanese says Adani’s Carmichael coal mine has been approved, so the company should begin creating the jobs that it has promised. Adani in turn argues that it already employees hundreds of people. Albanese has also used his tour of regional Queensland to call for labour-hire workers in the mining sector to receive the same pay as direct employees, contending that some are paid up to 40 per cent less. He has also criticised the federal government for its lack of action regarding the low wages of labour-hire workers.

CORPORATES
AUSTRALIAN LABOR PARTY, ADANI MINING PTY LTD, BHP GROUP LIMITED – ASX BHP, MITSUBISHI CORPORATION

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