Reuters reported that BHP Billiton Ltd. (ASX:BHP,NYSE:BHP,LSE:BLT) wants to sell approximately 10 assets. The move follows BHP's decision last year to shut down a number of unprofitable coal mines, as well as its announcement last month that it is considering selling the Queensland-based Gregory-Crinum coking coal mine.
Articles Tagged "queensland"
Rising costs and falling prices have pushed many coal producers to halt operations.
Mineweb reported that Rio Tinto (ASX:RIO), Xstrata (LSE:XTA) and BMA, an alliance between BHP Billiton (ASX:BHP) and Mitsubishi (TSE:8058), have all cut, or are planning to cut, contract workers at coal mines in Queensland, Australia.
Reuters reported that Anglo American (LSE:AAL) was cleared to build its $1.7 billion coal mine in Queensland.
Mining Weekly reported that Aquila Resources (ASX:AQA) announced a significant increase to resources at the Eagle Downs project in Queensland.
The massive disruptions to Australia’s coal mining in the past month—mainly due to the worst flooding seen in the region in 50 years—have been devastating for the industry, causing the price of coking fuel used in steelmaking to skyrocket.
ABC news.com reports that there is anticipation of a major decision being delivered by the Queensland government today. They will announce if they will allow two liquefied natural gas projects to go ahead or not.
BHP Billiton, the world’s largest mining company, halted loading at the Hay Pt. coal terminal in Australia’s Queensland state because of disruption by Greenpeace protesters. For full story, click here
The Queensland government declared that it will try to find jobs for 360 coal workers sacked from a central Queensland mine, as a new report raises fears of job cuts in tourism. For full story, click here