The Queensland State Parliament’s Education, Employment and Small Business Committee will visit an underground mine in the coal mining town of Moranbah and hold a public hearing there today.
In the past week, Rio Tinto has announced three separate deals that complete its exit from coal. In this article, Viktor Tanevski, a senior research analyst at Wood Mackenzie, offers his analysis.
The underground coal mine in Queensland, Australia has been sold to EMR and Adaro for US$2.25 billion.
“The Palaszczuk Government understands the need to responsibly explore highly prospective land and produce our resources – whether it is metallurgical or thermal coal, gas or metals – for the benefit of all Queenslanders,” says QRC.
Rio Tinto has agreed to sell its interest in the Winchester South coal project to Whitehaven for AUS$200 million.
Rio Tinto has agreed to sell its interests in the Hail Creek coal mine and Valeria coal project to Glencore for AUS$1.7 billion.
Local girls in central Queensland have recently taken part in an all-girls Queensland Minerals and Energy Academy event.
Australia's coal exports in 2017 were worth 35% than in 2016, and was the country's second largest export in 2017 after iron ore.