The struggling mining magnate and coal giant Whitehaven Coal appear to have put a very long-running dispute over a major coal deal behind them.
Try as it might,Qantas can’t seem to avoid annoying members of federal parliament.
Whitehaven Coal has won the bidding for two of BHP and Mitsubishi’s coking coalmines in Queensland.
A fund campaigning against Whitehaven Coal’s proposed purchase of two BHP mines is planning an advertising and letter blitz targeting shareholders.
Australia’s largest pure-play coal miner Whitehaven is facing an investor push to return billions of dollars to shareholders as it seeks to keep the cash to expand.
Whitehaven Coal’s ambitions to expand its mining operations could undermine Australia’s global climate commitments.
Australia’s big banks have refused to refinance a billion-dollar loan to miner Whitehaven Coal.
Whitehaven Coal,one of the largest Australian coal miners,says it has been blindsided by a NSW government’s plan to establish a coal reservation scheme.
Thermal coal companies in NSW will need to set aside between 7 and 10 per cent of their output for the domestic market,but the decision has been met with outrage by the industry.
Whitehaven Coal has blamed the La Nina weather event for problems at its open cut coal mines in the Hunter Valley and north-west slopes of NSW.
Australian coal miner Whitehaven says booming prices for the fossil fuel are not a new normal but it expects to continue charging a premium over the long term as the global supply crunch persists.