The Australian Business Review, 16th July 2019: Stronger signs are emerging that BHP is poised to exit the thermal coal market, with sources suggesting that the resources giant has hired Macquarie Capital to undertake a scoping study to determine whether to divest investments in the sector estimated to be worth more than $4 billion.
Under consideration is believed to be its Mount Arthur Coal business in NSW and the 33 per cent interest in its long-life Colombian mine Cerrejon.Read more
The Age, 14th July 2019: Hans Mohlek stood at the gates of the Prosper-Haniel coal mine in the Ruhr Valley in the west of Germany on a warm summer afternoon earlier this month, looked up and wept quietly.
The mine closed last December and Mohlek was among the last workers to leave. But what moved him so much on a recent visit with a handful of journalists was not just end of mining at Prosper-Haniel, but the end of a way of life that it represented.Read more
10 July 2019 (IEEFA Australia) – Australia will struggle to seek alternative markets for its thermal coal as a declining Japanese market increasingly turns towards cheaper renewable energy solutions, a new IEEFA report out today has found.
The report, Japanese Thermal Coal Consumption Approaching Long Term Decline: Australia’s Biggest Export Destination to Transition Away from Coal, examines the momentum away from thermal coal in Australia’s key export market.Read more
The Age, 10th July 2019: A Chinese renewable energy expert has warned Australia against investing in new coal mines because her country, one of Australia's biggest coal customers, is moving rapidly away from coal-based energy production.
Australian thermal coal prices have dropped this year as China officials officials slowed customs clearance.Read more
Bochum, Germany: While the ink is still drying on the approval for Australia's new controversial coal mine, Germany is working to extinguish the coal industry entirely. Read the full article from The Age hereRead more
June 27, 2019. German social historian Professor Stefan Berger and Director of Global And European Affairs with German mining trade union IG BCE Michael Mersmann speak to AAP about the lessons Australia can learn from Germany's exit from coal mining.Read more
China is the main buyer of export thermal coal from BHP's Mt Arthur mine in the Hunter Valley, but unofficial import restrictions on Australian coal shipments this year have prompted BHP to study ways to produce more of the coal specification demanded by Japanese customers.Read more
The head of the international trade union movement has warned Australian unionists against putting coal jobs ahead of environmental concerns, as the CFMMEU pushes Adani for a commitment to long-term jobs at its controversial Queensland mine.Read more
A new material capable of revolutionising energy storage systems is on the verge of being commercialised at the University of Newcastle. Read the article in Newcastle Herald hereRead more