BlackRock’s January announcement of its divestment from thermal coal is huge, and an unexpected move by this global giant (US$7 trillion assets under management (AuM), given the asset manager’s entrenchment as a climate action laggard.Read more
Newcastle local and former NSW Nationals State Director Ross Cadell has joined Port of Newcastle at a critical time for the diversification of the Hunter economy and its international trade gateway. Mr Cadell begins as Special Projects Director on 3 February, leading the political and regional stakeholder engagement efforts as the Port works alongside all levels of government to advance key infrastructure projects that will future-proof the local, state and national economies.Read more
When Paul Keating speaks up, people usually listen.
The former prime minister spoke up this week, calling for a fast train between Sydney and Newcastle.
The strongest arguments posed by those who want a continuation of coal mining and coal fired power stations in the Hunter are where will the existing workforce in these two industries find such well paid jobs and what will be the economic driver of the region if not thermal coal?Read more
Singleton and Lake Macquarie councils have asked a federal jobs inquiry to help unlock mining's grip on Hunter land
HUNTER councils have called for federal and state government support to unlock mining land across the region for residential and commercial development.
Lake Macquarie Council has identified several former mining areas on the lake's west to reduce the cost of delivering new housing, while Singleton Council has told a federal inquiry its ability to transition from coal and a "single engine economy" relies in part on loosening mining industry control over large parts of the shire to stimulate non-mining jobs.
THE Federal and NSW governments are under pressure over the lack of planning for the Hunter region's transition from coal after submissions from councils, trade unions, environment groups, Lake Macquarie MP Greg Piper and the Port of Newcastle calling for government action.Read more
Region's mines face global 'headwinds' over the next two years, says Office of the Chief Economist forecast
HUNTER coal mines are competing in an "oversupplied" global market that will see Australia's thermal coal export earnings slump from $26 billion in 2018-19 to a projected $18 billion by 2020-21, says a two-year forecast by the Federal Government's Office of the Chief Economist.Read more