Tag: Queensland coal mines
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Peak body issues ‘call to arms’ amid coal royalties fight
A call to arms has been issued by a resources sector peak body amid an escalating coal royalties stoush with a the state government. Resource Industry Network has urged its members to join the fight against Queensland’s “unsustainable” royalties scheme, highlighting the plight of businesses caught in the coal industry “crisis”. In a newsletter, the…
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Glencore seals a deal that will lead to huge spinoff of Aussie coal assets
The deal would give Glencore 77 per cent of Teck’s Elk Valley Resources (EVR). Nippon Steel and Posco will hold the rest under a $US8.9 billion deal. “Glencore continues to believe that a standalone company containing its combined coal and carbon steel materials business, including Glencore’s stake in EVR, would be well positioned as a…