The approval of an expansion at Abbot Point, and the opening of a new terminal at Hay Point this week are two rare pieces of good news for the Australian coal sector.
Federal minister for the environment
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Commodity slump hits Aurizon
Aurizon’s share price slid 10% this morning after the company lowered its coal volume forecast, and announced roughly $215m in asset impairments ahead of its half-yearly report in February.
The Queensland-based
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ACCC sheds light on Brookfield’s proposed undertakings
The Australian Competition and Consumer Commission has kicked off market consultation on the revised undertakings offered by the Brookfield consortium in its proposed takeover of ports and rail group Asciano.
The
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Iron ore miners stifled by free market mechanics
With the majors holding a bigger slice of the market than ever, and prices at ten-year lows, the iron ore sector has found itself between a rock and a hard place.
The price of iron ore is making itself
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Boost for Adani mine in Qld Land Court
A Queensland court has recommended the state approve Indian giant Adani’s proposed $16.5bn Carmichael coal mine, rejecting claims by environmental groups the mine would be unprofitable and would not
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Qatar fund keen on Asciano, too
The race for Australian logistics firm Asciano has gained a new player, with the US$250bn sovereign wealth fund of Qatar reportedly in discussions with Brookfield to potentially support the Canada/Bermuda-based
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GrainCorp to spend $30m on Canadian JV
Agribusiness GrainCorp has established a joint venture with Japan’s Zen-Noh Grain to operate grain receival sites in Canada.
The 50/50 joint venture, announced on December 14, will be based in Calgary,
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Renewable transition could cause SA power price spike
South Australian premier Jay Weatherill says ‘transitional issues’ are to blame for a doubling of power prices in the state.
Major power users in South Australia could face electricity price
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Brookfield to reason with competition authority
Aspiring Asciano bidder Brookfield Infrastructure will approach the Australian Competition and Consumer Commission with a fresh set of compromises, in an attempt to win regulatory approval for its proposed
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Queensland’s response to Palmer’s “late” handout plea
State treasurer Curtis Pitt says the state will need access to the books of Clive Palmer’s Queensland Nickel business before it considers propping up the embattled refinery operation.
Palmer, a federal
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