BHP Billiton said on Thursday jobs could go at
its Australian coal mines as the company faces a deteriorating market, the latest sign of global miners scaling back operations due to slowing industrial activity in China.
Earlier this month, Japanese trading houses Itochu and Sumitomo announced that they're selling their combined 45 percent interest in a pair of big
Australian coal mines, Newlands and Collinsville.
After a busy three years in which close to 20
Australian coal mines have changed hands, the run of deals looks to be slowing.
Deputy Prime Minister Barnaby Joyce has given conditional backing to Rio Tinto's decision to sell two of its major
Australian coal mining assets to Chinese controlled miner Yancoal which is yet to gain Foreign Investment Review Board approval.
Advocates of an expansion of
Australian coal mining are constantly claiming that India is desperate for imported coal to supply urgently needed electricity.
That Australian coal mine may have official approval, but almost every big bank in the world has balked at providing it the billions it would require.
Oliver Milman, The Guardian,
Australian coal mining is entering «structural decline», report says.
Not exact matches
While it's investing a huge sum of money in the reef, the
Australian government is also proposing a new
coal mine not far from the Great Barrier Reef.
Margaret River grape growers might hate the idea of a
coal mine in their backyard, but unless the outlook for
Australian wine improves they might have to change their minds.
Street Talk also won't be surprised if the owner of the Dartbrook
mine,
Australian Pacific
Coal, ends up in some sort of «conscious coupling» with unlisted Mach Energy, which owns the nearby Mt Pleasant development project.
The Office of Water Science is leading the
Australian Government's efforts to improve our understanding of the water - related impacts of
coal seam gas and large
coal mining development.
The
Australian government has been criticized for failing to protect the reef from agricultural pollution and other threats, including
coal mining.
# 253 Jerry it is only in recent times that
Australian farmers are starting to come to terms with climate change, after more than a decade of denial from conservatives (and not much better from the new Labor government, who just love
coal mines) and their supporters among farmers organisations etc..
The
Australian Landscape Guardians are a vociferous anti-wind-power group that seem to take very little other action to protect landscapes; they seem to be unconcerned about
coal mining and
coal - seam gas exploitation for example.
Only 0.3 % of
Australian jobs are in
coal mining.
Peabody's strategy has been to seek an involvement in
coal projects in Mongolia with the aim of exporting to the Chinese market, expand its
Australian operations, enter the Indonesian market and look to expand exports from its Powder River Basin
mines in the U.S. to supply the Pacific market.
Proposed
Australian coal export projects collectively have been identified as the second largest proposed expansion of fossil fuel CO2 emissions after Chinese
coal mining.
6 Apr:
Australian Mining: BHP parts ways with World
Coal Association BHP has confirmed it will leave the World
Coal Association (WCA) because of differing views on how climate change concerns can be managed... BHP made a preliminary decision to leave the WCA last December..
In the most dramatic example, the Anglo -
Australian giant Rio Tinto in July sold its stake in the world's most expensive
coal mine in Mozambique — effectively writing off more than $ 3 billion.
In per - capita terms Australia has among the highest greenhouse gas emissions in the world, yet the
Australian Turnbull Government is resisting efforts to reduce those emissions and is trying to increase the amount of
coal mining,
coal burning and
coal exporting.
Geoff Cousins, president of the
Australian Conservation Foundation, said «To approve a massive
coal mine that would make species extinct, deplete 297 billion litres of precious groundwater and produce 128.4 million tonnes of CO2 (carbon dioxide) a year is grossly irresponsible.»
Ralph Hillman, executive director the
Australian Coal Association (ACA), responded by saying that in any case, the emissions from domestically - mined coal in Australia made only a «tiny» contribution to world emissions of greenhouse ga
Coal Association (ACA), responded by saying that in any case, the emissions from domestically -
mined coal in Australia made only a «tiny» contribution to world emissions of greenhouse ga
coal in Australia made only a «tiny» contribution to world emissions of greenhouse gases.
Joining the enviro - activists in chaining yourself to plant and machinery at a
coal mine isn't a great look, and the
Australian Rugby Union won't give you a second chance.
State royalties and subsidies According to Table 4 in the
mining operations spreadsheet published by the
Australian Bureau of Statistics, in 2014 - 15 Australia - wide
coal royalties were $ 2.8 billion and petroleum (oil plus gas) royalties were $ 1.9 billion.
Other listed members of the Clexit group include the Heartland Institute's Jay Lehr,
coal backed Canadian denialist Patrick Moore and
Australian mining figure Ian Plimer.
Independent modelling commissioned by the
Australian Coal Association warns that the number of early mine closures could reach 18 within nine years and result in Australia forgoing coal sales of $ 22 billion from existing mines over the next dec
Coal Association warns that the number of early
mine closures could reach 18 within nine years and result in Australia forgoing
coal sales of $ 22 billion from existing mines over the next dec
coal sales of $ 22 billion from existing
mines over the next decade.
Ambre Energy, an
Australian company that is pushing the Morrow Pacific and Millenium Bulk
coal export terminal proposals in the Pacific Northwest, touts on its website that its Decker
mine, which is publicly owned
coal, is, «Geographically well - positioned for Asian market via export through the Pacific Northwest.»
Australians who are intelligent enough to see the damage that climate change will bring with it, and who have not been corrupted by the greed that is associated with the
coal industry, are fiercely opposed to allowing any more
coal mining.
Governments fund and build transmission lines for
coal - fired power stations and
mines, but no
Australian government has yet funded and built a transmission line for sustainable electricity.
Australian mines were particularly at risk because of their heavy reliance on exporting
coal to markets that were rapidly shrinking.
At Bowman Gilfillan, his clients have included the state - owned Airports Company South Africa, the city of Johannesburg, Anglo -
Australian mining giant BHP Billiton and Xstrata
Coal (now part of Glencore).
As a result of the recent full or partial exits by a number of major
mining companies from the
Australian coal industry, a number of minority participants have also considered how the sell part or all of their interest.