November
- Opinion
- Climate policy
The argument against clean energy is an argument for more blackouts
It is a race against time with the grid under pressure because of coal’s failure not renewables, writes Climate Change Authority chairman Matt Kean.
- Matt Kean
- Opinion
- Chanticleer
Private credit will lick its lips over Peabody’s $3.2b bridge loan
We’ve seen this movie elsewhere in Australian coal: a miner buys mines, and funds the deal with a short-term loan. Enter private credit.
- Anthony Macdonald
Peabody in $5.8b Anglo American coal deal
Takeover target Anglo American has shored up its defences against BHP by selling its Queensland coal mines for up to $5.8 billion.
- Peter Ker
Blackout risk lingers in NSW as coal outages hit
The tight electricity supply in the state follows an unusually large number of unexpected outages at coal power units.
- Updated
- Angela Macdonald-Smith
Anglo American’s coal sale turns into two-horse race; Mubadala lurks
The $US3 billion auction for Anglo American’s Queensland coal mines has narrowed down to two bidding consortiums, Peabody-BUMA and Stanmore-GEAR-M Resources.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Glencore, BHP & Co’s $9.4b wealth transfer now just part of life
Miners running up to Queensland is a good example of how business is playing Australian politics, where state premiers are the ones in high demand.
- Anthony Macdonald
NSW idle in pragmatic shift on coal: Glencore CEO
Gary Nagle says the state, where Glencore is struggling to extend the life of a coal mine, has fallen behind the rest of the world in failing to adopt a more “neutral” position on the fossil fuel.
- Angela Macdonald-Smith
Coal miners halt climate fund donations citing lack of projects
Australia’s cashed-up coal miners have put the brakes on contributions to an industry decarbonisation fund and the decision will be reviewed “periodically”.
- Peter Ker
Port of Newcastle’s container terminal pitch tempts foreign investors
The world’s biggest coal export hub has been approached by big investors who want to help fund an expansion that is expected to cost well above $2.5 billion.
- Jenny Wiggins
Eyes on Anglo American’s Moranbah mine after $1.6b Jellinbah sale
Should Nippon Steel try to pry Moranbah North from Anglo American – and it’s a big if at this stage – it would be another blow to the bidders who vying for what started as a $US5 billion portfolio.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Billionaire pays $1.6b for Anglo’s stake in Qld mines
The tycoon already owns a share of the company behind the Jellinbah and Lake Vermont coal projects. He says the deal reflected his confidence in the industry.
- Peter Ker
October
Anglo American’s coal suitors in dark on Grosvenor, binding bids loom
Anglo has carefully sidestepped making any implicit legal guarantees to buyers, since it could be years before the mine is again up and running.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Climate policy
The energy transition is powered by – wait for it – coal
It’s a sign of the uneven, fits-and-starts nature of the energy transition: record solar generation and record coal demand can coexist.
- Javier Blas
EMR Capital puts Queensland’s Kestrel coal mine up for mega auction
The coking coal operation in the Bowen Basin is the sixth-largest in the country, and generated a profit of nearly $500 million in the last two years alone.
- Peter Ker
Cashed-up NSW coal power owner jilted by banks
Sev.en Global’s Delta has requested an urgent change to the rules for the electricity market after being unable to extend a bank guarantee because of its coal links.
- Angela Macdonald-Smith
Power prices surge as renewables output flatlines
A drop in output from solar farms and another increase in coal power output in the third quarter add evidence of the road bumps in the energy transition.
- Angela Macdonald-Smith
Mine or money pit? Dartbrook coal believers stump up again
It’s almost a decade since Nathan Tinkler launched a revival plan for Dartbrook coal mine, and the heirs of that strategy are making one last push to get it up.
- Peter Ker
September
- Opinion
- Energy transition
Dutton’s nuclear folly is an economy wrecker
Under the Coalition, Australian manufacturing would face a decade of uncertainty and taxpayers would finance the renationalisation of electricity generation.
- Craig Emerson
Daniel’s glaring emissions omission
Readers’ letters on the energy transition; university research; the pace of reform; and the performance of Olympic rowers
Pacific National takes hefty write-down on NSW coal business
The rail freight group has written off $424 million and blamed lower container freight volumes, bad weather and smaller harvests for deepening the annual loss of its parent.
- Jenny Wiggins
