Fri, 17 Feb 2012
ABS reported that more than 3000 BHP Billiton Mitsubishi Alliance workers began a 7 day strike in Queensland, in the biggest industrial action in Australia in more than a decade, potentially cutting output by approximately 1 million tonnes.
Workers are threatening week long stoppage at seven Bowen Basin mines, which produce one fifth of the world's coking coal.
There are warnings from analysts, that the stoppages will cause big problems for Asian customers.
BHP says the action won't affect pay negotiations, or decisions on issues the company says are vital to competitiveness.
Analyst Mr Tim Morris says the action could affect coal prices. He said “It's a reflection of workers wanting a larger slice of what's been a growing profit pie in the coal industry. You've already got significant flooding affecting coal output and Australia's one of the world's largest suppliers of coal to Asia. So it could have an impact on short-term pricing and if the tension continues, you could see some medium-term issues as well.”
Workers at BHP’s Goonyella Riverside, Broadmeadow, Peak Downs, Saraji, Norwich Park, Gregory Crinum, and Blackwater mines will be involved in the strikes.
(Sourced from abc.net.au)
Showing posts with label Bowen Basin coal site. Show all posts
Showing posts with label Bowen Basin coal site. Show all posts
Friday, February 17, 2012
Thursday, February 9, 2012
Union says BHP Australian coal workers to strike
Thu Feb 9, 2012
SYDNEY Feb 9 (Reuters) - BHP Billiton's Bowen Basin coal workers will strike for seven days next week in the latest chapter of a months-long battle with the world's biggest miner, the miners' union said on Thursday.
"Workers at the Goonyella Riverside, Broadmeadow, Peak Downs, Saraji, Norwich Park, Gregory Crinum, and Blackwater mines will be involved in the strike from midday next Wednesday," the union said.
The action could support spot metallurgical coal prices, which have tumbled to around $215 per tonne this week, down from the 2011 high of $350 per tonne when prices were driven up by flooding that nearly halted coal production in Queensland state.
About 3,500 unionised workers at the BHP Billiton-Mistubishi Alliance (BMA) mines have been staging rolling work stoppages since they first approved strike action in June 2011. The total workforce at the mines is around 10,000.
Union members have been striking for greater job security and more pay as rising commodity prices boost mining sector profits, but they have so far been unable to reach an agreement with BMA.
BHP Billiton reported a rare fall in earnings on Wednesday, in part due to labour battles and weaker commodity prices, but still brought in $9.94 billion in half-year profits.
"We are extremely disappointed as we have consistently demonstrated our commitment to negotiating constructively with the unions...strike action will not change our position, as has been the case for the past eight months," BHP said in a statement on Thursday.
BHP's chief executive told reporters on Wednesday that the company desired nothing more than to "reach an agreement with the minimum amount of fuss".
BMA-operated mines have a combined output capacity of more than 58 million tonnes per year of mostly metallurgical coal, representing about a fifth of annual global trade.
Analysts have estimated that a full week of 12-hour stoppages at the mines would cut production by up to 1 million tonnes.
The BMA strike action follows a week-long strike at the BHP Billiton-operated Port Kembla coal terminal which exports around 10 million tonnes of coal and coke per year and processed about 5 percent of seaborne metallurgical coal, used for steelmaking, last year.
(sourced Reuters)
SYDNEY Feb 9 (Reuters) - BHP Billiton's Bowen Basin coal workers will strike for seven days next week in the latest chapter of a months-long battle with the world's biggest miner, the miners' union said on Thursday.
"Workers at the Goonyella Riverside, Broadmeadow, Peak Downs, Saraji, Norwich Park, Gregory Crinum, and Blackwater mines will be involved in the strike from midday next Wednesday," the union said.
The action could support spot metallurgical coal prices, which have tumbled to around $215 per tonne this week, down from the 2011 high of $350 per tonne when prices were driven up by flooding that nearly halted coal production in Queensland state.
About 3,500 unionised workers at the BHP Billiton-Mistubishi Alliance (BMA) mines have been staging rolling work stoppages since they first approved strike action in June 2011. The total workforce at the mines is around 10,000.
Union members have been striking for greater job security and more pay as rising commodity prices boost mining sector profits, but they have so far been unable to reach an agreement with BMA.
BHP Billiton reported a rare fall in earnings on Wednesday, in part due to labour battles and weaker commodity prices, but still brought in $9.94 billion in half-year profits.
"We are extremely disappointed as we have consistently demonstrated our commitment to negotiating constructively with the unions...strike action will not change our position, as has been the case for the past eight months," BHP said in a statement on Thursday.
BHP's chief executive told reporters on Wednesday that the company desired nothing more than to "reach an agreement with the minimum amount of fuss".
BMA-operated mines have a combined output capacity of more than 58 million tonnes per year of mostly metallurgical coal, representing about a fifth of annual global trade.
Analysts have estimated that a full week of 12-hour stoppages at the mines would cut production by up to 1 million tonnes.
The BMA strike action follows a week-long strike at the BHP Billiton-operated Port Kembla coal terminal which exports around 10 million tonnes of coal and coke per year and processed about 5 percent of seaborne metallurgical coal, used for steelmaking, last year.
(sourced Reuters)
Tuesday, February 7, 2012
BHP Billiton Coal Workers in Australia Vote to Resume Strikes
Tue,Feb7, 2012
BHP Billiton Ltd.’s coking coal miners in Australia, the world’s largest exporter, voted to resume striking after rejecting the company’s latest offer on employment and accommodation.Workers voted to reject the offer on Feb. 3 and may strike for as many as seven straight days at seven of BHP’s coal operations in Queensland state, Steve Pierce, district vice president of the Construction, Forestry, Mining and Energy Union, said today by phone. The unions have not yet set a date for the stoppages to commence, he said.
About 3,500 workers at BHP’s mines in Queensland’s Bowen Basin have held rolling strikes since June over pay and conditions, before suspending industrial action in December to resume contract talks.
Labor unions globally are stepping up demands for higher wages and improved conditions as record commodity prices swell profits at mining companies. “The company cannot, and will not, diminish its rights and obligations to manage the business, nor will we accept productivity-destroying arrangements as currently proposed by the unions,” Kelly Quirke, a Melbourne-based spokeswoman for BHP said by phone. “Strike action will not change our position, as has been the case for the past eight months.”
(sourced Bloomberg)
BHP Billiton Ltd.’s coking coal miners in Australia, the world’s largest exporter, voted to resume striking after rejecting the company’s latest offer on employment and accommodation.Workers voted to reject the offer on Feb. 3 and may strike for as many as seven straight days at seven of BHP’s coal operations in Queensland state, Steve Pierce, district vice president of the Construction, Forestry, Mining and Energy Union, said today by phone. The unions have not yet set a date for the stoppages to commence, he said.
About 3,500 workers at BHP’s mines in Queensland’s Bowen Basin have held rolling strikes since June over pay and conditions, before suspending industrial action in December to resume contract talks.
Labor unions globally are stepping up demands for higher wages and improved conditions as record commodity prices swell profits at mining companies. “The company cannot, and will not, diminish its rights and obligations to manage the business, nor will we accept productivity-destroying arrangements as currently proposed by the unions,” Kelly Quirke, a Melbourne-based spokeswoman for BHP said by phone. “Strike action will not change our position, as has been the case for the past eight months.”
(sourced Bloomberg)
Monday, February 6, 2012
CFMEU miners vow to strike in coking coal Bowen Basin
Monday, 06 Feb 2012
ABC reported that the Construction, Forestry, Mining and Energy Union said that it will push ahead with industrial action in Queensland's Bowen Basin that could disrupt the world's supply of coking coal.
Late last week, mass meetings of coal miners endorsed a week long shutdown of BMAs seven Queensland mines.
It is the culmination of a 15 month enterprise bargaining dispute between BMA and the CFMEU.
CFMEU spokesman Steve Smyth said that negotiations have broken down over the key issues of housing, safety representatives and equal pay for equal work.
He says union officials will meet this week.
He said “We go away and look at what has the least amount of impact on our members and the most impact on the company.”
He says strike action will take place in the next couple of weeks but workers are prepared for any company retaliation.
In a statement, BMA asset president mr Steve Dumble said that industrial action will harm employees and delay an outcome and the unions should return to the negotiating table.
(sourced from abc.net.au)
ABC reported that the Construction, Forestry, Mining and Energy Union said that it will push ahead with industrial action in Queensland's Bowen Basin that could disrupt the world's supply of coking coal.
Late last week, mass meetings of coal miners endorsed a week long shutdown of BMAs seven Queensland mines.
It is the culmination of a 15 month enterprise bargaining dispute between BMA and the CFMEU.
CFMEU spokesman Steve Smyth said that negotiations have broken down over the key issues of housing, safety representatives and equal pay for equal work.
He says union officials will meet this week.
He said “We go away and look at what has the least amount of impact on our members and the most impact on the company.”
He says strike action will take place in the next couple of weeks but workers are prepared for any company retaliation.
In a statement, BMA asset president mr Steve Dumble said that industrial action will harm employees and delay an outcome and the unions should return to the negotiating table.
(sourced from abc.net.au)
Sunday, January 29, 2012
Industrea wins coal mine contract
Sunday, 29 Jan 2012
Miningaustralia.com.au reported that Industrea has renewed its mining contract at the Baralaba South mine in the Bowen Basin. The contract, with AUD 38 million annually, will see Industrea provide whole of mine services at the mine, including drill and blast works. It will run until December 31st 2013.
Industrea originally won the contract in 2009, and since then has completed various work including the construction of the recently completed 1:1000 flood levee wall extension.
At the end of 2010 severe flooding saw the Baralaba mine inundated with water.
Mr Robin Levison CEO of Industrea stated that the renewal is a demonstration of the strong relationship between it and Cockatoo Coal, which owns Baralaba. He added that "Subject to production volumes at the mine there is an option for Baralaba Coal to continue contract services in 2014".
(sourced Miningaustralia)
Miningaustralia.com.au reported that Industrea has renewed its mining contract at the Baralaba South mine in the Bowen Basin. The contract, with AUD 38 million annually, will see Industrea provide whole of mine services at the mine, including drill and blast works. It will run until December 31st 2013.
Industrea originally won the contract in 2009, and since then has completed various work including the construction of the recently completed 1:1000 flood levee wall extension.
At the end of 2010 severe flooding saw the Baralaba mine inundated with water.
Mr Robin Levison CEO of Industrea stated that the renewal is a demonstration of the strong relationship between it and Cockatoo Coal, which owns Baralaba. He added that "Subject to production volumes at the mine there is an option for Baralaba Coal to continue contract services in 2014".
(sourced Miningaustralia)
Tuesday, November 1, 2011
BHP, Mitsubishi to invest $4.2 bln in Australia coal expansion
Tue Nov 1, 2011
* BHP-Mitsubishi project to yield 8 mln/t coal a year
* Project in Australia's Bowen Basin to cost $4.2 bln
* Seen ready for production in 2014
* More projects in coal pending, says BHP
* Work in response to growing demand for metallurgical coal, Mitsubishi says
SYDNEY/TOKYO, Nov 1 (Reuters) - BHP Billiton and Mitsubishi Corp will invest a total of $4.2 billion to expand coal mining in Australia and are looking at further investments, BHP said on Tuesday.
The project initially will add 8 million tonnes per year capacity in exports of metallurgical coal used in making steel, with an expectation of a rapid, low-cost expansion to 10 million tonnes per year, BHP said.
BHP and Mitsubishi operate a 50-50 joint venture covering seven mines in Australia's Bowen Basin region and will each contribute $2.1 billion to the work.
The work will require development of a new mine, Caval Ridge, and expansion of the alliance's Peak Downs colliery.
Production will start in 2014 and run for more than 60 years, BHP said.
"This is a continuation of BHP Billiton's strategy of investing in large, low cost, expandable mines with long lives," BHP's metallurgical coal division president, Hubie van Dalsen, said in a statement.
"Additional expansion projects are being advanced to follow this investment in due course," he said.
Mines owned under the BHP-Mitsubishi alliance have a combined output capacity of more than 58 million tonnes per year of mostly metallurgical coal, representing about a fifth of annual global trade.
Separately, Mitsubishi in a statement said it was looking to grow its presence in the sector in response to expectations of rising demand for metallurgical coal globally.
BHP earlier this year said it would spend $80 billion by the end of 2014 on new projects across its businesses.
It has already earmarked funding for a number of projects, including iron ore, copper and coal mining.
BHP shares fell 2.7 percent to A$36.77, outpacing a 1.5 percent decline in the wider market .
(sourced Reuters)
* BHP-Mitsubishi project to yield 8 mln/t coal a year
* Project in Australia's Bowen Basin to cost $4.2 bln
* Seen ready for production in 2014
* More projects in coal pending, says BHP
* Work in response to growing demand for metallurgical coal, Mitsubishi says
SYDNEY/TOKYO, Nov 1 (Reuters) - BHP Billiton and Mitsubishi Corp will invest a total of $4.2 billion to expand coal mining in Australia and are looking at further investments, BHP said on Tuesday.
The project initially will add 8 million tonnes per year capacity in exports of metallurgical coal used in making steel, with an expectation of a rapid, low-cost expansion to 10 million tonnes per year, BHP said.
BHP and Mitsubishi operate a 50-50 joint venture covering seven mines in Australia's Bowen Basin region and will each contribute $2.1 billion to the work.
The work will require development of a new mine, Caval Ridge, and expansion of the alliance's Peak Downs colliery.
Production will start in 2014 and run for more than 60 years, BHP said.
"This is a continuation of BHP Billiton's strategy of investing in large, low cost, expandable mines with long lives," BHP's metallurgical coal division president, Hubie van Dalsen, said in a statement.
"Additional expansion projects are being advanced to follow this investment in due course," he said.
Mines owned under the BHP-Mitsubishi alliance have a combined output capacity of more than 58 million tonnes per year of mostly metallurgical coal, representing about a fifth of annual global trade.
Separately, Mitsubishi in a statement said it was looking to grow its presence in the sector in response to expectations of rising demand for metallurgical coal globally.
BHP earlier this year said it would spend $80 billion by the end of 2014 on new projects across its businesses.
It has already earmarked funding for a number of projects, including iron ore, copper and coal mining.
BHP shares fell 2.7 percent to A$36.77, outpacing a 1.5 percent decline in the wider market .
(sourced Reuters)
Endocoal boosts coal resource by 500pct in under explored eastern Bowen Basin
Tuesday, 01 Nov 201
Endocoal has upgraded the resource for the Rockwood coal project in the Bowen Basin by 505% to 312.5 million tonnes, in what could turn out to be a company making project.
Endocoal has one of the largest landholdings in the Bowen Basin region, with 11 tenements across 5,200 square kilometres in the under explored eastern region of the basin.
The company has intersected the Moranbah Coal Measures at Rockwood, with multiple coal seams presenting including some shallow seams.
Recent drilling and coal analysis along with results from a number of surveys could indicate Endocoal has discovered a new coal province on the eastern side of the Bowen Basin. An intensive exploration program started at Rockwood in April 2011 with drilling extending to 300 metres depth, intersecting more than 20 separate coal intersections.
Results of coal quality tests and potential end user assessments should be available by mid-November. The drilling program has increased Endocoal’s exploration footprint south and east of the original project area, and enabled significantly more coal to be included in the Resource, which previously stood at 51.6 million tonnes.
A 20 line kilometer seismic survey, along with aeromagnetic and close-spaced ground gravity surveys have confirmed the continuity of the geological structures being drilled.
These surveys have also identified similar structures elsewhere in the Rockwood tenement. Further exploration work will be undertaken in 2012 to expand the size of the Rockwood resource.
Endocoal is making the move from explorer to developer, with a mining lease application and bankable feasibility study for the first open cut project, Meteor Downs South, underway.
The company has not said whether these latest results will change its initial focus. Endocoal is also participating in the port expansion process at all three of the Northern ports.
sourced from proactiveinvestors
Endocoal has upgraded the resource for the Rockwood coal project in the Bowen Basin by 505% to 312.5 million tonnes, in what could turn out to be a company making project.
Endocoal has one of the largest landholdings in the Bowen Basin region, with 11 tenements across 5,200 square kilometres in the under explored eastern region of the basin.
The company has intersected the Moranbah Coal Measures at Rockwood, with multiple coal seams presenting including some shallow seams.
Recent drilling and coal analysis along with results from a number of surveys could indicate Endocoal has discovered a new coal province on the eastern side of the Bowen Basin. An intensive exploration program started at Rockwood in April 2011 with drilling extending to 300 metres depth, intersecting more than 20 separate coal intersections.
Results of coal quality tests and potential end user assessments should be available by mid-November. The drilling program has increased Endocoal’s exploration footprint south and east of the original project area, and enabled significantly more coal to be included in the Resource, which previously stood at 51.6 million tonnes.
A 20 line kilometer seismic survey, along with aeromagnetic and close-spaced ground gravity surveys have confirmed the continuity of the geological structures being drilled.
These surveys have also identified similar structures elsewhere in the Rockwood tenement. Further exploration work will be undertaken in 2012 to expand the size of the Rockwood resource.
Endocoal is making the move from explorer to developer, with a mining lease application and bankable feasibility study for the first open cut project, Meteor Downs South, underway.
The company has not said whether these latest results will change its initial focus. Endocoal is also participating in the port expansion process at all three of the Northern ports.
sourced from proactiveinvestors
Monday, August 29, 2011
Convergent Minerals to acquire all shares in Blackwood Coal
Monday, 29 Aug 2011
Convergent Minerals is to acquire all of the shares in Blackwood Coal Pty Ltd which holds a portfolio of coal exploration tenements in Queensland.
The Blackwood portfolio of projects includes a pipeline of coal exploration projects and prospects including an advanced thermal coal exploration project called West Bowen Coal Project located 20 kilometers west of Blair Athol in the Bowen Basin.
The lead project has a 27.3 million tonnes JORC Inferred Resource with an additional 15 to 30 million tonnes exploration target. There are drill ready exploration targets in the Bowen, Surat and Clarence Moreton Basins with previous coal intercepts. Blackwood Coal is planning an intensive drill campaign to increase the JORC resource base in calendar year 2011.
Blackwood Coal currently has a portfolio of 7 granted EPCs and 25 applications. The exploration permits range from advanced exploration with drill ready targets to Greenfield lateral opportunities. Drilling at the East Wandoan Project has intersected up to 11.7 meters in cumulative thickness of coal at depths less than 100 meters.
As consideration, convergent will seek shareholder approval to acquire these assets by a capital raising of up to USD 20,000,000, through the issue of shares at a price subject to market conditions, but not less than USD 0.20 per offer share. The transaction is conditional on Convergent shareholder approval and due diligence of all parties. The transaction requires Convergent to comply with the requirements of Chapters 1 and 2 of the Listing Rules.
The board of the company will replaced by the current board members of Blackwood. Convergent will be renamed Convergent Coal Limited.
A consolidation on a 2 for one basis is proposed. Convergent will sell the Bounty Project to AFL Resources Limited.
(sourced proactiveinvestors)
Convergent Minerals is to acquire all of the shares in Blackwood Coal Pty Ltd which holds a portfolio of coal exploration tenements in Queensland.
The Blackwood portfolio of projects includes a pipeline of coal exploration projects and prospects including an advanced thermal coal exploration project called West Bowen Coal Project located 20 kilometers west of Blair Athol in the Bowen Basin.
The lead project has a 27.3 million tonnes JORC Inferred Resource with an additional 15 to 30 million tonnes exploration target. There are drill ready exploration targets in the Bowen, Surat and Clarence Moreton Basins with previous coal intercepts. Blackwood Coal is planning an intensive drill campaign to increase the JORC resource base in calendar year 2011.
Blackwood Coal currently has a portfolio of 7 granted EPCs and 25 applications. The exploration permits range from advanced exploration with drill ready targets to Greenfield lateral opportunities. Drilling at the East Wandoan Project has intersected up to 11.7 meters in cumulative thickness of coal at depths less than 100 meters.
As consideration, convergent will seek shareholder approval to acquire these assets by a capital raising of up to USD 20,000,000, through the issue of shares at a price subject to market conditions, but not less than USD 0.20 per offer share. The transaction is conditional on Convergent shareholder approval and due diligence of all parties. The transaction requires Convergent to comply with the requirements of Chapters 1 and 2 of the Listing Rules.
The board of the company will replaced by the current board members of Blackwood. Convergent will be renamed Convergent Coal Limited.
A consolidation on a 2 for one basis is proposed. Convergent will sell the Bounty Project to AFL Resources Limited.
(sourced proactiveinvestors)
Friday, August 19, 2011
BHP Billiton plans Australia rail line in threat to QR National
Friday, 19 Aug 2011
Reuters reported that global miner BHP Billiton is looking to build a new rail line between some of its inland Australian coal mines and the coast in a move that could threaten dominant coal haulage firm QR National.
QR National relies on the miner for about 40% of its business in the coal mining state of Queensland.
The plan was to build a rail line from Queensland's Bowen Basin, source for most of Australia's exports of steel making coal, to a port at Abbot Point where BHP Billiton was preferred developer for a new coal export terminal.
(Sourced Reuters)
Reuters reported that global miner BHP Billiton is looking to build a new rail line between some of its inland Australian coal mines and the coast in a move that could threaten dominant coal haulage firm QR National.
QR National relies on the miner for about 40% of its business in the coal mining state of Queensland.
The plan was to build a rail line from Queensland's Bowen Basin, source for most of Australia's exports of steel making coal, to a port at Abbot Point where BHP Billiton was preferred developer for a new coal export terminal.
(Sourced Reuters)
Saturday, August 13, 2011
Union plans more work stops at BHP Australia coal mines
Aug12, 2011
SYDNEY (Reuters) - Two coal mines in Australia operated by BHP Billiton will be hit by more industrial action by union workers this weekend ahead of meetings next week over a new labour agreement, a union official said on Friday.
Rolling 12-hour work stoppages are scheduled for the Gregory and Blackwater collieries in the Bowen Basin coalfields of Queensland state jointly-owned by BHP Billiton and Mitsubishi
SYDNEY (Reuters) - Two coal mines in Australia operated by BHP Billiton will be hit by more industrial action by union workers this weekend ahead of meetings next week over a new labour agreement, a union official said on Friday.
Rolling 12-hour work stoppages are scheduled for the Gregory and Blackwater collieries in the Bowen Basin coalfields of Queensland state jointly-owned by BHP Billiton and Mitsubishi
Friday, August 12, 2011
Peabody Energy and Yanzhou Coal signs technology agreement
Friday, 12 Aug 2011
Peabody Energy announced a new licensing agreement with Yanzhou Coal Mining Company for the installation of its Longwall Top Coal Caving technology to enhance recovery of metallurgical coal at Peabody's North Goonyella Mine in the Bowen Basin, Queensland, Australia. Yanzhou is a subsidiary of Yankuang Group Co Ltd.
Peabody estimates the new technology will allow the recovery of up to 3.9 million tonnes of additional high quality hard coking coal from the mine, with opportunities for future use in other areas. LTCC technology improves the recoverability of coal over traditional longwall mining methods, and will allow the operation to mine the full coal seam thickness of 6.5 meters versus the conventional longwall mining method of 4.2 meters.
According to Mr Eric Ford executive vice president and COO of Peabody Energy said that "Our agreement will lead to greater resource recovery, enhanced productivity and extended mine life. It also advances another avenue in our growing Chinese collaboration."
Peabody is the first company to sign a LTCC licensing agreement with Yanzhou. The equipment is expected to be placed into service in late 2012. Peabody will work with Yanzhou to ensure the mine's workforce is fully trained and equipped to begin LTCC operations in the first quarter of 2013. Peabody's North Goonyella Mine shipped 2.5 million tons of high quality hard coking coal to steel producing customers in 2010.
Peabody Energy announced a new licensing agreement with Yanzhou Coal Mining Company for the installation of its Longwall Top Coal Caving technology to enhance recovery of metallurgical coal at Peabody's North Goonyella Mine in the Bowen Basin, Queensland, Australia. Yanzhou is a subsidiary of Yankuang Group Co Ltd.
Peabody estimates the new technology will allow the recovery of up to 3.9 million tonnes of additional high quality hard coking coal from the mine, with opportunities for future use in other areas. LTCC technology improves the recoverability of coal over traditional longwall mining methods, and will allow the operation to mine the full coal seam thickness of 6.5 meters versus the conventional longwall mining method of 4.2 meters.
According to Mr Eric Ford executive vice president and COO of Peabody Energy said that "Our agreement will lead to greater resource recovery, enhanced productivity and extended mine life. It also advances another avenue in our growing Chinese collaboration."
Peabody is the first company to sign a LTCC licensing agreement with Yanzhou. The equipment is expected to be placed into service in late 2012. Peabody will work with Yanzhou to ensure the mine's workforce is fully trained and equipped to begin LTCC operations in the first quarter of 2013. Peabody's North Goonyella Mine shipped 2.5 million tons of high quality hard coking coal to steel producing customers in 2010.
Thursday, August 11, 2011
BMA mine strike delays coal production
Thursday, 11 Aug 2011
Three thousand workers have gone on strike at six BMA mines in Queenland's Bowen Basin. The protected action stoppages are expected to delay production and maintenance.
The CFMEU's Mr Steve Pearce said that unions have been trying to negotiate better conditions for employees for eight months. He said that "Most importantly, job security as well as that protection for employees who may or may not wish to work the extended rosters, so that there's protection for those that work and protection for those that don't want to work it and the appropriate rights and representation on the mine site."
BMA said that it's continuing to meet and negotiate with the unions and progress is being made. It says industrial action is unnecessary, is causing financial harm and doesn't help to finalise an agreement. Union representatives are meeting today in Rockhampton to discuss their next course of action and are scheduled to meet with BMA on August 18 and 19.
(sourced from ABC.net)
Three thousand workers have gone on strike at six BMA mines in Queenland's Bowen Basin. The protected action stoppages are expected to delay production and maintenance.
The CFMEU's Mr Steve Pearce said that unions have been trying to negotiate better conditions for employees for eight months. He said that "Most importantly, job security as well as that protection for employees who may or may not wish to work the extended rosters, so that there's protection for those that work and protection for those that don't want to work it and the appropriate rights and representation on the mine site."
BMA said that it's continuing to meet and negotiate with the unions and progress is being made. It says industrial action is unnecessary, is causing financial harm and doesn't help to finalise an agreement. Union representatives are meeting today in Rockhampton to discuss their next course of action and are scheduled to meet with BMA on August 18 and 19.
(sourced from ABC.net)
Friday, March 25, 2011
BHP outlines $9.5 bln expansion plans in iron ore, coal
Thu Mar 24, 2011 10:53pm GMT
* $6.6 bln invested in WA iron ore operations
* $2.5 bln invested in Bowen Basin coal site
* $400 mln invested in Hunter Valley coal site (Adds background, details)
* $6.6 bln invested in WA iron ore operations
* $2.5 bln invested in Bowen Basin coal site
* $400 mln invested in Hunter Valley coal site (Adds background, details)
LONDON/MELBOURNE, March 25 (Reuters) - BHP Billiton said it has approved $9.5 billion of capital investments to expand Australian iron ore and coal mining projects, in the first details the global miner has given of a planned $80 billion in investments over five years.
The world's biggest miner has decided to expand its own operations and infrastructure rather than chase ambitious takeovers, after three failed takeover bids, as it scrambles to meet rising demand from Asia.
For a factbox on investments
The top global miner said it would invest $6.6 billion in a total investment of $7.4 billion to continue production growth in the company's western Australian iron ore operations.
Investment will include the development of the Jimblebar mine, rail links and additional berths and ship loaders at its Port Hedland site.
BHP said it had also approved three key metallurgical coal projects at its Bowen Basin site in Queensland.
BHP will put in $2.5 billion of the total $5 billion investment, which will see the new Daunia mine developed, its Broadmeadow mine's life extended by 21 years and the stage three expansion of its Hay Point coal terminal.
In a third statement, the company said it had approved a $400 million investment to expand Hunter Valley Energy Coal in New South Wales with a view to increasing production.
The three announcements are the first in the company's planned $80 billion expansion plans announced last month, as it posted a near doubling of first-half profits to $10.7 billion.
BHP has ditched three major deals in the past three years, including its $39 billion bid for top global fertiliser maker Potash Corp last year, mainly on regulatory concerns.
Shares in the company closed up 1.4 percent in London, before the company's statements were issued.
The world's biggest miner has decided to expand its own operations and infrastructure rather than chase ambitious takeovers, after three failed takeover bids, as it scrambles to meet rising demand from Asia.
For a factbox on investments
The top global miner said it would invest $6.6 billion in a total investment of $7.4 billion to continue production growth in the company's western Australian iron ore operations.
Investment will include the development of the Jimblebar mine, rail links and additional berths and ship loaders at its Port Hedland site.
BHP said it had also approved three key metallurgical coal projects at its Bowen Basin site in Queensland.
BHP will put in $2.5 billion of the total $5 billion investment, which will see the new Daunia mine developed, its Broadmeadow mine's life extended by 21 years and the stage three expansion of its Hay Point coal terminal.
In a third statement, the company said it had approved a $400 million investment to expand Hunter Valley Energy Coal in New South Wales with a view to increasing production.
The three announcements are the first in the company's planned $80 billion expansion plans announced last month, as it posted a near doubling of first-half profits to $10.7 billion.
BHP has ditched three major deals in the past three years, including its $39 billion bid for top global fertiliser maker Potash Corp last year, mainly on regulatory concerns.
Shares in the company closed up 1.4 percent in London, before the company's statements were issued.
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