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New Hope sees $1 billion in profits

New Hope sees $1 billion in profits

Coal producer New Hope Group has released its 2023 financial year results (FY23) ending July 31 2023. Key operational highlights from the report include the company producing 7.2 megatons (Mt) of owned production saleable coal and a total recordable injury...
Whitehaven reveals interest in key BHP coal mines

Whitehaven reveals interest in key BHP coal mines

Whitehaven Coal has confirmed it is currently in line to acquire BHP’s Daunia and Blackwater metallurgical coal mines in Queensland. As reported by the Australian Financial Review (AFR), the confirmation came after a major investor alleged the coal miner had...
AngloGold says goodbye to Gramalote

AngloGold says goodbye to Gramalote

AngloGold Ashanti has announced it will sell its entire 50 per cent direct interest in the Gramalote project in Colombia to B2 Gold Corp. The investment is to be sold for a total consideration of up to $60 million, with AngloGold Ashanti planning to continue to focus...
BHP banks on green power

BHP banks on green power

BHP Mitsubishi Alliance (BMA) has entered into a renewable power purchase agreement (PPA) with Queensland’s publicly owned energy generator and retailer CleanCo. The partnership is expected to provide half the forecasted electricity demand of BMA’s central Queensland...