Hunter coal future hangs in the balance

Mining Monthly, 31st May 2019: The New South Wales government has set itself the lofty target of increasing the value of mining production by 30% by 2020 from its $15 billion export figure in 2012-13. This ambitious goal is expected to be driven by the Hunter region, which is the major contributor to NSW coal exports, which is in turn the state's biggest export. 

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Port of Newcastle chair Roy Green says Hunter can't rely on being protected from history's headwinds

Thousands of workers are employed in the industry. Generations of families have made a living from this in-demand resource over more than two centuries.

Coal has been an important ingredient of the region's economic success. Yet the increased recognition of climate change and the shift to cleaner energy sources presents us with a challenge.

Ours may be the highest quality coal in the market, but this will not protect us from the day it is no longer needed.

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Renewable energy could be Australia’s next big export industry

Approving a new thermal coal mine is gifting gold to a sector in decline.

While the Queensland government moves reactively to fast-track the approvals process of the decade-long delayed Adani thermal coal mine in the Galilee Basin, thermal coal export forecasts continue to show a terminal decline globally in the long term, consistent with the goals of the Paris Agreement.  

Tim Buckley from IEEFA explains...

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BHP says thermal coal has no future

In its strategy paper BHP writes that it has "no appetite for growth in energy coal" regardless of asset attractiveness.
So even if it is cheap - the Big Australian doesn't want it.

ABC News reports

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Wind and solar projects poised to lead Hunter's clean energy transition

A proposed 250 megawatt wind farm at Bowman's creek east of Muswellbrook and a 25 megawatt solar farm on the site of the former Drayton colliery would provide power to more than 100,000 homes when operational.

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Hunter needs to prepare for future

Coal shifts in South Korea and China could mean big changes for the region

FOR nearly a decade a South Korean Government-owned company has bought up land in the beautiful Bylong valley between Denman and Mudgee to establish a coal mine. KEPCO, which is 51 per cent owned by the government, identified Bylong as the place to mine high quality coal to export to South Korea and keep its coal-fired power stations delivering electricity to the domestic market.

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NSW’s transition plan for a declining coal market is still missing

State government forecasts show the threat to the Hunter Valley’s coal industry is yet to be taken seriously. Read the latest from IEEFA here

 

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Maps disclose coal exploration on Hunter equine and wine areas

Almost a third of prime Hunter wine country is covered by coal exploration licences, new mapping shows. Find it here

Coal exploration licences cover almost a third of prime wine country in the Hunter, new mapping shows.

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Energy analysts forecast 'the end of coal' in Asia

Australia’s largest export customer for thermal coal is scrapping plans to build power plants. Read more

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Hunter Valley residents want a transition plan

Communities in the New South Wales Hunter Valley need to apply more pressure to speed-up the process of transitioning from coal to renewables sources of energy. That was message being delivered at a summit held last month in NSW town of Singleton, a week before the announcement of plans to build a new coal-fired power station in the region.

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