A privately held coal company has fallen into administration just months after it restarted operations at a mothballed mine, putting about 300 jobs at risk. BRI Ferrier administrators Andrew Cummins, Jonathon Keenan, Peter Krejci and Stefan Dopking took control of New Wilkie Energy on December 27, eight months after theContinue Reading
Environmentalists have reacted with fury to the news mining behemoth BHP will sell its Blackwater and Daunia coalmines in Central Queensland to NSW producer Whitehaven in a mega $6.4bn transaction. Whitehaven, which produces thermal coal in the Gunnedah basin north of Newcastle, will pay BHP about $3.3bn upfront and thenContinue Reading
The news is full of new concessions from China to Australia. China appears to be reversing its shadow-ban on importing Aussie coal that wiped $1 billion off Australia’s balance sheet. This backflip is a revealing outrun of events given the past five years of China’s attempt to strangle Australia’s economy.Continue Reading
Since the colonies of Australia were first federated into a modern independent nation over 120 years ago, Australia’s economic fortunes relied on exports. At the nation’s founding in 1901, Australia was heavily reliant on agricultural exports to the UK and the rest of the British Empire. In the decades thatContinue Reading
It’s been nothing but bad news for the Aussie budget for years on end – but it turns out things are actually starting to look up. That’s according to leading Australian economist Chris Richardson, who has revealed that 2022 is “on track for a balanced federal budget”. Mr Richardson explainedContinue Reading
Clive Palmer’s Galilee Coal Project – to build the biggest thermal coal mine in Australia and produce almost four times that of the Adani mine – has been rejected by the Queensland Land Court. Youth Verdict, a coalition of young Queenslanders, and environmental conservation group The BimbleBox Alliance, challenged theContinue Reading