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Stanmore JV buys Peabody assets in Qld

Coal miner Stanmore Coal has announced plans to joint venture (JV) with M Resources to acquire the Millennium and Mavis Downs coal mines, in Queensland, from the Australian arm of energy major Peabody Energy. The JV would acquire the Millennium and Mavis Down mines...

Whitehaven lowers coal guidance amid market pressure

Image: Whitehaven Coal Whitehaven Coal has maintained a shaken but steadying business through the March quarter after being impacted by low seaborne coal prices and transport disruptions. While the company’s run-of-mine (ROM) quarterly production was up 12 per cent to...