Australia's coal miners face $17b export collapse

Australia's coal miners are headed for a $17 billion collapse in export earnings this year as the shock of the coronavirus crisis persists and more Asian power utilities switch from coal to gas.

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Mines face stricter conditions under a series of proposed rehabilitation reforms

Under the proposals by the NSW Resource Regulator mining leases would have new conditions added requiring companies to regularly report on rehabilitation progress and provide updated rehabilitation management plans.

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BHP ends domestic thermal coal sales

Thermal coal mined by BHP will no longer be burned to make electricity in Australia, after the miner quietly ended the decades long connection between its NSW mine and the nearby power stations of AGL Energy.

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Power giant EnergyAustralia urges battery focus in federal plan

One of the nation's largest power suppliers, EnergyAustralia, says subsidising battery installations would be the best way for the federal government to invest in the future of the power market while lifting the economy out of COVID-19.

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Coal’s last refuge crumbles with China’s renewables plan

China's plan to derive 20 per cent of its primary energy from non-fossil fuels may be brought forward by five years from 2030. Coal-fired power has been dying everywhere except where it poses the greatest threat.

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Pandemic pushes Yancoal into red

Yancoal has slashed its capital spend to ride out a fall in coal prices triggered by the COVID-19 pandemic that helped push it into the red.Read the full article in the AFR 22nd Sept 2020

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'Managed decline': Market Forces appeals for Whitehaven coal exit

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Union boss and environmentalist bury the hatchet in the Hunter

In the bruised days after Labor’s shock national election defeat last May, union boss Steve Murphy, a Maitland boy, thought long and hard about what went wrong – and came to a very different conclusion than the Hunter Valley’s most prominent ALP figure, Joel Fitzgibbon.

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Last hopes for demand growth set to disappoint thermal coal exporters

Asian thermal coal exporters are fighting an uphill battle even in new markets. The world’s largest thermal coal exporter is eyeing new markets as its largest export destinations threaten to cut imports.

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Mike Cannon-Brookes says he might bid to replace Liddell plant if PM 'declared the rules of the game'

Atlassian co-founder says it is ‘bullshit’ that giant fossil fuel companies need subsidies to extract gas and export it

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Cycle surfing miners lose their religion

If there is a religion in the mining industry, it is the unshakeable faith in the cyclical nature of commodity prices. But recent evidence suggests very few resources companies are willing to make the bold, countercyclical investments that the industry prides itself on.

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Renewables could power coal-fired stations

Coal-fired power stations could be converted to entirely fossil-fuel-free generators thanks to a solution developed by Australian engineers. The University of Newcastle has patented new thermal storage material housed in stackable blocks like Lego.

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Dawn of 'green steel' and the revival of Australian manufacturing

NSW Environment Minister Matt Kean has declared hydrogen the "breakthrough that changes the world", comparing its impact on climate change to what a vaccine will do to COVID-19.

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IEEFA: Grid scale battery costs have reached a tipping point

More battery storage equals less gas. Batteries are usurping the role of gas in the power system. Grid scale battery usage is increasing rapidly, and battery cost deflation is faster than wind or solar.

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Gladys Berejiklian says reaching net zero emissions by 2050 is achievable and would be 'the stuff of dreams'

The New South Wales’ Liberal premier, Gladys Berejiklian, says it will not take much to reach net zero greenhouse gas emissions by 2050, and it would be “the stuff of dreams” for an Australian Coalition government to legislate that target.

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Whitehaven Coal FY profit down 95 per cent

Whitehaven Coal has had a 95 per cent fall in full-year profit due to lower coal prices but management is adamant there is strong demand for its supplies in Asia.

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BHP moves ahead with coal exit plan

Resources giant BHP is understood to have hired UBS to work on the $7bn sale or demerger of its coal mines.

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Japan is closing its old, dirty power plants – and that’s bad news for Australia’s coal exports

Last month, the Japanese government announced a plan to retire its fleet of old, inefficient coal-fired generation by 2030. And what happens to coal power in Japan matters a lot to Australia.

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AGL forges ahead of Morrison government on Liddell coal plant shutdown

Australia's largest energy generator, AGL, has announced the first concrete steps in shutting down its Liddell coal-fired power station in the NSW Hunter Valley, pre-empting the findings of a government taskforce examining options including extending the plant's operating life.

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Call to diversify economy and depend less on mining

A NEW economic report has found regional communities are in need of support to diversify their economy so they are less dependent on mining and more resilient to "external shocks".

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A New Approach to Energy Politics

We’ve seen it time and time again, politicians smiling with workers in Hi Viz every time they want to add a spice of authenticity to their campaign. 

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Peabody Energy has announced it will scale back underground mining at their Wambo mine complex near Warkworth

Peabody Energy has announced it will scale back it's underground mining at their Wambo mine complex near Warkworth

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AGL plans to build grid-scale battery at Liddell Power Station site

Energy giant AGL plans to build a grid-scale battery at Liddell Power Station in Muswellbrook. The company has lodged a scoping report with the NSW Department of Planning, Industry and Environment (DPIE) for a grid-scale battery system to be located on the site, alongside the existing plant.

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IEEFA Report: BHP coal assets worth a billion less than just two years ago

Another global investor, the UK’s biggest public pension fund NEST, has withdrawn funds from BHP this week because the company is profiting “from digging coal”.

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Coal company succeeds in JobKeeper application as coal industry starts to buckle under price and volume downturns

COAL miners at the Bloomfield open-cut mine near Maitland have had their wages supplemented by the COVID-19 subsidy JobKeeper, mine owner Bloomfield Group has confirmed.

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Unisuper dumps coal assets as sector turns its back on fossil fuels

Two ASX-listed coal miners have been cut off the books of major superannuation fund Unisuper in another sign of the sector turning its back on the fossil fuels industry.

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Glencore to cut Australian coal production

Glencore is working on plans to slash output from Australian coal mines in response to weak prices, in a move that will reinforce the Swiss miner's reputation as the most active manager of supply and demand in global commodity markets.

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Governments must prepare communities for inevitable coal phase out, experts warn

Governments must proactively prepare workers and communities as part of a ‘just transition’ in response to an inevitable phase out of coal mines and power stations, leading energy and climate policy experts have warned.

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New study offers roadmap for coal phase-out

Coal will need to be phased out of the world's economy to meet the climate change challenge, but this can work properly only if social objectives and local stakeholders are involved in the process, an international group of researchers argue in a paper published today.

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Why world's coal regions hold the key to renewable future

By utilising these strengths, communities in coalmining areas can not only survive, but thrive in the renewable energy and zero carbon industry revolution that is already well underway as coalmining declines.

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Investors Dump Coal: In conversation with Tim Buckley and Bob Carr

A striking development has occurred in the world of corporate finance. The past few months have seen a string of corporations divest from thermal coal...

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Hunter Valley ponders a future of dwindling coal

Hunter Valley councils and unions are preparing for a future without coal but say curbs on the Port of Newcastle imposed after the privatisation of ports near Sydney and Wollongong will hold back the transition.

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Top super fund dumps coal miners as emissions cuts intensify

Australia's second-largest superannuation fund is preparing to dump its shares in companies that derive more than 10 per cent of their revenue from thermal coal mining as it embarks on the most aggressive immediate climate push of any large local investor.

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How Hunter workers can reap benefits of zero-emissions jobs strategy

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Million Jobs Plan has Hunter region focus

The Hunter chapter evocatively captures the strengths, beauty and history our remarkable region and draws on these to paint a picture of the future that is dramatically different from our present, but seems very near and very possible. 

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HESTA dumps coal, targets absolute net zero

Industry superannuation fund HESTA will divest pure play thermal coal miners immediately, reduce its emissions footprint by 33 per cent over the next decade, and dump all carbon-emitting companies by 2050.

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NSW government says 'no point' in cutting coal production as world demand will continue for decades

THE state government's new coalmining policy says there is no point in reducing coal exports for environmental reasons, and it opens up eight substantial areas for exploration in the Hunter and adjacent areas, including 178 square kilometres of state forest between historic Wollombi and Broke.

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Resources Minister says he recognises Paris Agreement, but it's full steam ahead on coal anyway

AT first glance, the state government's new "strategic statement on coal exploration and mining in NSW" looks like an attempt to navigate a middle course between the extremes of the energy debate, and to recognise the realities of the Paris Agreement.

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Miners back roadmap to reduced emissions

The lobby group representing Australia’s largest resources companies will commit to “decarbon­ising” the economy as it stares down pressure from its members to take more action on climate change.

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‘Terminal decline’: Study says coal transition not a choice

A NEW study claims thermal coal production can be phased out over the next decade with minimal distribution to workers and regional communities.

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BZE report says 50,000 sustainable jobs could be created in the Hunter

About 50,000 sustainable jobs could be created in the Hunter Region over the next five years as a result of a rapid expansion of renewable energy-based projects and zero-emissions industries, a new analysis has found.

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Why are corporate giants pulling out of thermal coal?

IEEFA: Fiduciary duty is driving financial change. A striking development has occurred in the world of corporate finance. The past few months have seen a string of corporations divest from thermal coal, starting with US investment giant BlackRock and extending to Japan’s Mizuho and the Norwegian Government Pension Fund.  

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Hunter 2050 Foundation to drive economic diversification agenda for the Hunter

This is exciting news for the Hunter!

The Hunter Joint Organisation, with project partner AGL, is moving ahead with plans to form The Hunter 2050 Foundation, and organisation dedicated to guiding the economic diversification and transformation of the Hunter Valley.  

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Region ready to drive change in rethinking waste

OFFICIAL MEDIA RELEASE - 28 MAY 2020 - Hunter Joint Organisation (HJO), with funding support from the NSW State Government, are rethinking waste and resource recovery in a bid to help transition the Hunter Central Coast region to a circular economy.

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Renewable Power is the key to the Hunter Valley transition

Push for high energy users to source electricity from renewable sources: A new research project aims to identify opportunities for the Hunter to transform into a diverse renewable energy-based economy.

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Thermal coal spot price tumbles 25 per cent, putting pressure on some producers

The spot price for thermal coal has fallen 25 per cent per cent in the past month with one leading analyst saying it is because of a reduction in demand and a fundamental global shift to renewables.

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While the world looked the other way, corporate giants abandoned coal

Can we deal with a pandemic and global warming at once – both urgent, one an immediate hit, the other a decade-long burn? Well, yes, because – even with front pages dominated by COVID-19 – last month saw an astonishing concentration of decisions by international corporates to ditch carbon. And they slipped by, with the world looking the other way.

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IEEFA update: The renewable energy transition is coming to Asia

The US–China trade war and COVID-19 have massively impacted coal financing

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Coal's price collapse threatens Australian mines

Almost 60 per cent of the world's thermal coal and more than 30 per cent of Australian thermal coal is unprofitable at current prices, creating a horror backdrop for the long list of miners and ports seeking to refinance debt this winter.

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Grattan Institute report says the Hunter has an historic opportunity to become part of a multi-billion dollar export-focused manufacturing sector.

"The Hunter region deserves a better strategy than just hoping that demand for coal will continue Indefinitely," Tony Wood, Grattan Institute 

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