Coal

CEO of Port Waratah Coal Services has advised the Port of Newcastle (Australia) that it will allow the Terminal 4 Agreement for Lease to lapse when it expires in August 2019.

Canadian Pacific rail workers have ended their strike, following the International Brotherhood of Electrical Workers’ tentative three year agreement.

The British bank has joined other banks, such as HSBC, in making it company policy to no longer back coal projects in the future.

A water sprinkler system and mulch products are being used at the decommissioned Hazelwood coal mine in Victoria, Australia, to mitigate the effect of dust.

Mitsubishi Corp. and BHP, which each hold a 50% interest in the Queensland mine, are to sell to Sojitz Corp.

East Mining Company increases the number of excavator equipment in its opencast mining machinery park.

The QCA’s request for more information about the monopoly rail operator is a further sign of Aurizon’s inability to explain its change to maintenance services.

The report covers key trends in the segment, discuss recent policy and regulatory developments in the last one year, analyse the major issues, and highlight the future outlook for the sector.

Queensland’s Premier has called for Aurizon and the Queensland Competition Authority to resolve Aurizon’s threat to halt the movement of up to 20 million t of coal to export ports.

“We are very pleased to be able to further strengthen this relationship with BaoWu by assuming operatorship of Eagle Downs,” says South32.

Cloud Peak Energy Resources LLC, a subsidiary of Cloud Peak Energy, has entered into an Amended and Restated Credit Agreement among CPE Resources, the guarantors party thereto, PNC Bank, National Association, as administrative agent and a syndicate of lenders which amends and extends the prior credit agreement.

Fitch BB has given SUEK a BB grade, while Moody's has upgraded the company’s rating from Ba3 to Ba2.

OSMRE has proposed extending the San Juan mine mining plan area by approximately 4500 acres.

According to the Australian Energy Market Operator, coal remains Australia’s energy foundation and has a competitive future.

NERA has issued a national call to action at a critical time for Australia’s energy resources industry.