by Gordon Barratt | Mar 24, 2020 | News
Australian coal producer New Hope Corp said that attributable profit after tax fell 46% in the first half as it flagged slimmer second-half profits on the back of weaker coal prices and lower production. New Hope posted attributable profit after tax of $69.8 million...
by Gordon Barratt | Mar 23, 2020 | News
The federal government of Australia has announced a new $66 billion stimulus package, increasing the “safety net” for businesses affected by the coronavirus pandemic. With non-essential business set to close, mining companies are currently allowed to continue...
by Gordon Barratt | Mar 23, 2020 | News
Lynas Corporation has halted operations at its Malaysian plant following an escalation of coronavirus cases in the country. The Malaysian Government announced that it was implementing tighter movement controls to contain the spread of the virus until at least March...
by Gordon Barratt | Mar 23, 2020 | News
Metro Mining has made public that it will resume mining at the Bauxite Hills Mine in early April’20, as formulated, with the first vessel to commence loading two weeks later. In general mining operations activities are kept in halt at the Bauxite Hills during the...
by Gordon Barratt | Mar 23, 2020 | News
The US state of Pennsylvania has forced all metallurgical and thermal coal mines, as well as major industries, to close operations effective Thursday 8 pm ET (0000 GMT Friday) until further notice to slow the spread of the coronavirus outbreak. Businesses in the state...
by Gordon Barratt | Mar 23, 2020 | News
The COVID-19 pandemic has shaken energy markets to the core this year, creating incredible volatility for fuel prices. The one energy source that hasn’t blinked though is coal, a fuel that may come out stronger through the current crisis, a Rystad Energy analysis...