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More than 40 activists, identifying themselves as belonging to protest group Rising Tide Newcastle, stopped a coal train on Sunday, chaining themselves to it and the rail tracks to effectively close the line at Newcastle. “A number of arrests have been made,” a police spokesperson said in a statement. Rising Tide Newcastle claim 23 people [...]
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Exports increased by $882 million for the month of September with a 64 percent rise in non-monetary gold exports and a nine percent rise in coal exports, but imports increased by $1.08 billion, widening Australia’s trade deficit. Figures released by the Australian Bureau of Statistics revealed that the balance of trade widened from $1.65 billion [...]
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Canadian investors Brookfield Asset Management group has bought a 49.9 percent stake in Queensland’s largest coal export terminal at Dalrymple Bay, in a deal reportedly worth $1.5 billion. Operator Babcock & Brown Infrastructure (BBI) had previously announced it would sell some assets to address debt. The funds will also give Brookfield BBI’s PD Ports operation [...]
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The Victorian Government will consider a proposal to sell $700 million worth of brown coal to India a year, but will have to battle through climate change activists to do so. The 40-year proposal will require access to a new release of brown coal. Climate change protesters will meet at the Hazelwood power plant in [...]
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Vessel loading times at Australia’s largest coal export port in Newcastle could become longer after the collapse of five year negotiations between the industry and the NSW government over port sharing.
...read moreAccording to Felix Resources coal export markets in Japan, Korea and Taiwan are almost back to full capacity, suggesting the health among the region’s biggest coal buyers is improving.
...read morePort Alma, near Rockhampton, Queensland, may be the site of the next major coal export facility after the Gladstone Ports Corporation (GPC) began discussions with Xstrata Coal to transform the area. As part of the port’s strategic plan for the next 12 to 18 months, GPC wants to deal with the mining company with the [...]
...read moreNewcastle’s coal port will cut shipping quotas by 1 million tons for the September quarter, according to Port Waratah Coal Services (PWCS). The world’s largest coal export terminal, on New South Wales’ north coast, is looking to improve its queue management through the cut. “The objective of the allocation cut is to minimise ship queues,” [...]
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Australian exports have declined by five percent and imports have dropped by four percent in the figures from May released by the Australian Bureau of Statistics. The trade balance of goods and services for the month was $556 million deficit, seasonally adjusted, following a $282 million shortfall in April. The deficit is almost four time [...]
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A surge in coal exports to China could stave off what looked to be an industry-wide slump. Coal producers have attributed the jump to heavy Chinese buying, which has offset declines in markets such as Japan. Chief executive of Felix Resources Brian Flannery, said his company has previously sent only one shipment to China in [...]
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