Queensland coal news

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

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.

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.

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.

Aurizon’s reduction in the number of coal trains will cut AUS$4 billion from Queensland exports and AUS$500 million in annual royalties paid by the industry to the Queensland Government.

The Queensland Resources Council has said that the Palaszczuk Government should support a Queensland HELE coal-fired power plant, in order to strengthen the region’s trade and energy leadership.

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.

The Palaszczuk Government’s issuance of a mining lease could boost jobs and exports for Queensland.