Australia coal news

Mitsubishi Corporation has reached an agreement to sell its interests in the Clermont and Ulan coal mines in Australia.

The call for Registrations of Interest in the Australian Government’s Underwriting New Generation Investments programme is a long-overdue first step in securing the diverse mix of energy technologies.

On 13 December, QRC Chief Executive Ian Macfarlane welcomed Treasurer Jackie Trad’s budget update, showing record returns from coal royalty taxes.

Since the State Budget in May, strong metallurgical and thermal coal prices have boosted royalty tax returns to the Government to record levels, says QRC.

This share sale adds to the company’s cash reserves from its recent rights issue.

QRC has welcomed the Queensland Competition Authority’s final Aurizon Network’s UT5 decision for the Central Queensland Coal Network.

Organisations with a combined membership of 76 million are calling on insurance companies to publicly rule out support to build the Carmichael coal mine in Australia.

Queensland Resources Council Chief Executive Ian Macfarlane said the release of the annual QEC Scorecard capped off a strong year for resources.

The Minerals Council of Australia comments on Adani Mining’s recent announcement that it has secured the funding to develop its Carmichael coal mine in Australia.

The investment in the project is a sign of the strength of the Queensland resources sector.