The contribution from mining royalties to the NSW Budget “highlights the importance of mining and its vital contribution to state and national economies,” says Minister for Resources and Northern Australia.
Mechel and JFE Steel Corporation have agreed to prolong their long-term coal supply contract till 2021.
Hwange Colliery Company Limited is set to begin producing more than 300 000 t of coal per month come the end of June.
More Mining news
The increased projections stem from the strong international demand for metallurgical coal, and the stable prices for both metallurgical and thermal coal from Queensland.
Japanese steelmakers have raised concerns about Aurizon’s actions to restrict the movement of metallurgical coal from central Queensland mines to export ports.
Following a co-operation agreement on 15 May, the FAMUR Group and its group of partners will co-operate in the procurement of orders on the Indian market in the mining and energy sector.
Mohegan Energy Trustees has acquired a West Virginian metallurgical coal operation from Met Resources through a US$100 million strategic partnership with Orion Energy Partners.
The Coal Authority has recently called for full consideration of legacy issues following findings from a recent subsidence event.