Glencore takes axe to coal targets but says Australia will be spared

Glencore, one of the world's biggest coal miners, has forecast its global output will fall by more than 25 per cent but its Australian mines will be among the last to close.

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Replacing Liddell with renewables cheaper, cleaner and reliable

Fresh research from energy consultancy Reputex shows investment aligned with the NSW renewables road map will provide a cheaper and lower emissions option to replace AGL's ageing Liddell coal fired power plant compared to the business as usual case and the federal government's preferred gas-peaker option.

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As more countries pledge zero emissions, coal finance evaporates

TOKYO (Reuters) - Financing for coal projects is drying up at ever increasing rates as more countries target zero carbon emissions amid an energy transition sweeping the world, participants at Asia's biggest gathering of the coal industry said on Tuesday.

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India's love affair with coal cools as pressure grows on sector

Funding for coal projects in India has plunged for the second straight year, new figures showed Tuesday, as the world's second biggest coal importer weans itself off the dirty fuel.

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I'm a coal miner and I can't see how Fitzgibbon represents me

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State government's 'pumped hydro' plan endorsed by virtually all MPs but concerns about land and environmental impacts emerge during debate

THE Hunter-Central Coast and the Illawarra are set to become formal Renewable Energy Zones after an amended Electricity Infrastructure Investment Bill was passed in the NSW Parliament lower house, Labor MPs said last night.

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AGL to press pause as NSW powers on

AGL Energy has paused its Newcastle gas plant decision and is reviewing a giant battery investment at Liddell, amid uncertainty around the NSW government’s controversial energy blueprint, in a move that may also nix Scott Morrison’s hopes for 1000 megawatts of new power capacity to be committed in the state by April.

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Coal, energy policy and climate change bring Canberra heavyweights to the Hunter Region

THE Hunter is the centre of national and international political attention over coal, renewables and climate change after Joel Fitzgibbon's explosive exit a week ago from the federal Labor opposition front bench.

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NSW to transform Hunter coal region into state’s next renewable energy zone

The New South Wales government has quietly made a new commitment to transform the now coal-dependent Hunter Region as a hub of new renewable energy and storage projects as part of its broad and ground-breaking plans to transition the state’s grid from coal to renewables.

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Hunter ready to be a power player in state's renewable power vision

If you didn't know it already, there's no better place to be than the Hunter after Energy Minister Matt Kean announced plans to turn NSW into a renewable energy superpower.

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Glencore to lay off contractors at Australia's Hunter Valley on market downturn

Glencore, the world's biggest thermal coal trader, said on Monday it plans to lay off contractors at its coal operations in Australia's New South Wales state due to a prolonged market downturn.

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Amendments will ensure the Hunter is classified as a Renewable Energy Zone

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Newcastle thermal coal spot prices steady but well down on last year, latest Australian Bureau of Statistics figures show

AMERICAN coal company Peabody Energy is again in financial trouble, putting a question mark over its important Australian operations, including the Hunter's Wambo mine and its complex at Wilpinjong, near Mudgee, which exports out of Newcastle.

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Pumped hydro and new market mechanisms at heart of state government plan to encourage $32 billion in private spending on renewables

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New environmental lobby 'Hunter Jobs Alliance' seeks seat at the table before impacts of climate policy shift coal

ALTHOUGH the timing was unintentional, the launch of a new Hunter organisation wanting a seat at the post-coal decision-making table comes at the same time as another indicator of the industry's declining fortunes; new tonnage figures showing a 5 per cent fall in shipments for the year so far through Newcastle's main coal export terminal.

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AMWU, ETU and other unions push 'just transition' policies by forming new post-coal jobs alliance

EIGHT unions and five environmental groups have formed a new "jobs alliance" to counter the "failed 'jobs versus the environment' dynamic" they say is holding back the Hunter Region when it comes to energy policy and the "inevitable" transition to renewables.

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Peabody told to repay Australian mine rehab bonds

Funds set aside for reclamation of coal mines in New South Wales and Queensland are caught up in a $US202 million ($288 million) claim lobbed against struggling miner Peabody Energy.

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Net-zero goals cloud $76b of exports

Australia's fossil fuel exporters have been put on notice of waning appetite for their product from some of their biggest customers in Asia as South Korea's adoption of a net-zero emissions target increased the share of markets committed to decarbonisation to over 70 per cent.

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Centre-right thinktank warns Morrison government of 'grave future for coal exports'

Pandemic should be ‘catalyst for change’, warns Blueprint Institute, which has close ties with former Liberals including Christopher Pyne

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Japan's net zero by 2050 pledge another warning to Australia on fossil fuels, analysts say

The Morrison government is urged to prepare for a shift in the global economy as major trading partners move to cut emissions. A pledge by Japan to cut its greenhouse gas emissions to net zero by 2050 underscores the risk facing Australia if it fails to prepare for the inevitable shift in the global economy and falling demand for fossil fuels, analysts say.

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Coal regions advised to look to renewables for jobs growth as IEA report highlights falling demand

Demand for Australian thermal coal has peaked, according to the International Energy Agency (IEA), and renewables will deliver 80 per cent of the world's energy needs in the next few years.

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Coal miners dive as China cuts imports

Australian coal miners could be forced to sell “distressed” cargoes at a discount as China looks to restrict imports of both thermal and coking coal, according to consulting major Wood Mackenzie, as shares in Australian miners tumbled on the prospect of fresh import bans.

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Energy Renaissance to build new $28 million battery manufacturing facility at Tomago

Energy Renaissance, Australia's first lithium-ion battery manufacturer, has chosen the NSW Hunter as the location for its new $28 million battery manufacturing facility.

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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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