Market focus remains on BHP’s residual thermal coal businesses with investment banks Macquarie and JPMorgan doing work on exploring a potential exit of the business.Read more
The Taranaki 2050 Roadmap will help the region’s communities, enterprises, and residents navigate New Zealand’s shift to the low-emissions economy of the future, while ensuring the important aspects of life in Taranaki can be shared by everyone.Read more
IEEFA, 25th July 2019: The departure of private capital from coal power in the past two years risks becoming a stampede to the exitRead more
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