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After mini boom, Australia coal prices come down to earth

By: Reuters     Updated 12 minutes ago A rally in Australian coal prices has fizzled almost as quickly as it started, brought down to earth by oversupply and weakening Chinese demand, setting the stage for lower annual price agreements with Japanese utilities. 

Senate passes incentive to encourage greenfield exploration

By: Esmarie Swanepoel     Updated 48 minutes ago The Australian resources sector has welcomed the passing of the exploration development incentive (EDI) through the senate. The federal government last year announced a budget of A$100-million over the next three years to fund the EDI, to support junior exploration companies conducting... 

Senate passes incentive to encourage greenfield exploration

Western Australia no longer world's best mining destination

By: Esmarie Swanepoel     Updated 50 minutes ago Western Australia is no longer the world’s top jurisdiction for mining investment, the latest survey by Canada’s Fraser Institute has shown. Moving up three spots in the survey’s investment attractiveness index, Finland is now considered the best address for mining and exploration investment.... 

South Boulder publishes PFS for Eritrea potash project

By: Esmarie Swanepoel     Updated 1 hour 2 minutes ago The prefeasibility study (PFS) into the Colluli potash project, in Eritrea, has estimated that the project would require an initial investment of some $442-million. The PFS examined a two-module development with an expected production of 425 000 t/y sulphate potash for the first five years of... 

NSW cancels two CSG exploration licences as part of gas reform

By: Esmarie Swanepoel     Updated 1 hour 4 minutes ago New South Wales Resources and Energy Minister Anthony Roberts on Wednesday announced the cancellation of two petroleum exploration licences for coal seam gas (CSG) held by independent explorer Pangaea, following a buyback. The first of the licences covered about one-million hectares north of... 

Bengalla coal mine extension approved

By: Esmarie Swanepoel     Updated 1 hour 5 minutes ago The New South Wales government has granted a new development consent that would allow the Bengalla coal mine to continue mining until 2038. ASX-listed Wesfarmers, which is a 40% owner in the operation with Rio Tinto subsidiary Coal & Allied the majority partner, said on Wednesday that the new... 

Mariola thermal coal study proves up for Balamara

By: Esmarie Swanepoel     Updated 1 hour 7 minutes ago ASX-listed Balamara Resources on Wednesday reported that the prefeasibility study (PFS) into its Mariola thermal coal project, in Poland, had demonstrated robust economics. Based on a maiden reserve of 39.5-million tonnes, the project was expected to produce some 2.7-million tonnes a year over a... 

LNG eyes dual listing in US

By: Esmarie Swanepoel     Updated 1 hour 17 minutes ago The board of ASX-listed Liquefied Natural Gas (LNG) has taken the decision to list on an "appropriate" US exchange once it nears construction of its Magnolia LNG project, in the US. The company said on Wednesday that the decision to dual list resulted from a review of options submitted by five... 

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