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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Sydney meeting shines light on drymix potential
With Australia’s drymix mortar community set to assemble in Sydney on February 18th, ABHR spoke to Mr Ferdinand Leopolder, the man behind the conference and a far broader international suite of drymix
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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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NSW approves Alkane’s Dubbo zirconia project
The NSW Government has approved a mining lease for Alkane Resources subsidiary Australian Zirconia Limited’s Dubbo Zirconia Project (DZP).
Following on from planning approval from the state government
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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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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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Iron ore drops below US$39/t
The iron ore market decline has continued this week, with the spot price for 62% Fe iron ore quoted as low as US$38.80 a tonne this morning.
Sustained market oversupply coupled with a slowdown in demand
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Fluor buys Stork
Engineering company Fluor has acquired Netherland’s-based manufacturing and service provider Stork B.V. for €695 million (A$1.05 billion).
The New York-listed Fluor announced its acquisition to the
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