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New Hope joins FutureCoal global alliance

New Hope joins FutureCoal global alliance

Australian coal producer New Hope Group has joined FutureCoal – the Global Alliance for Sustainable Coal, as the industry body says interest in coal’s role in energy security and industrial demand remains strong. FutureCoal said the new membership reflects growing...
Coal price rally fuels FIFO boom

Coal price rally fuels FIFO boom

Rising coal prices are giving Australia’s fly-in, fly-out (FIFO) sector a major boost. Civeo Corporation, a US camp operator, posted an 18 per cent jump in Australian profits and expects further gains as Queensland miners ramp up activity. According to the Australian...
Iron-ore futures traded at month-high prices

Iron-ore futures traded at month-high prices

Iron-ore futures traded at month-high prices on Monday, with Dalian iron ore rallying for the sixth consecutive session on the back of surging energy prices and freight costs amid the Iran war. The most-traded May iron ore contract on China’s Dalian Commodity...
Rox locks in A$350m debt package

Rox locks in A$350m debt package

Rox Resources has locked in commitments for A$350-million in debt facilities from a syndicate of major banks, fully funding the development of its Youanmi gold project in Western Australia. The funding package comprises a A$300-million senior secured project term loan...