![Miners including BHP have declared force majeure in the region affected by Cyclone Debbie - a clause typically used for ...](/web/20170407183406im_/http://www.brisbanetimes.com.au/content/dam/images/g/v/c/o/l/f/image.related.wideLandscape.460x259.gvfo1f.png/1491524117499.jpg)
Australia braces for lost business as coal buyers race elsewhere
Cyclone Debbie has put supply of coking coal at risk, forcing big buyers like China and Japan to scour the world for alternative supplies and fuelling a rally in prices.
Cyclone Debbie has put supply of coking coal at risk, forcing big buyers like China and Japan to scour the world for alternative supplies and fuelling a rally in prices.
The move comes after Kingsgate stepped up the pressure on the Thai government to seek talks as well as compensation for its mine being shut down.
Government coffers will benefit from the "stronger for longer" spike in commodity prices.
Copper rose 2 per cent, reflecting strength across base metals following upbeat jobs data from the United States.
Rio Tinto will pay the ATO almost $200 million after being hit with amended income tax assessments totalling nearly $450 million.
Sensible voices must acknowledge that building one of the world's biggest coal mines is environmentally reckless and incongruent with the direction of energy markets.
BHP Billiton is still counting the costs of a six-week strike at one of its biggest mines, but Chile is estimating it at $1.3 billion plus.
Australian miner Kingsgate is seeking compensation from Thailand's military government over its controversial order to shutdown the company's gold mine in northern Thailand, forcing the sackings of more than 1000 Thai workers.
​China's appetite for iron ore is likely to have continued unabated in March, and that might prove as good as it gets.
Aurizon has warned that Cyclone Debbie will hit earnings for fiscal 2017, with rail links in central Queensland to be closed for weeks
The world's biggest coal exporter has a problem.
Little more than a day after coal shipments recommenced on part of Queensland's extensive coal railway network, flooding forced the shutdown of operations on the Blackwater coal rail system.
Some of China's ports are demolishing old buildings to create more storage space, trading sources said.
A visit from the head of Indian mining giant Adani was met with a protest outside the business lunch.
The so-called energy "crisis" was predictable and stemmed from the push for renewable energy and limits on accessing domestic gas reserves, BCA president Grant King said.
The woman who became the richest person in Australia by developing some of the nation's vast iron-ore deposits has learned one key lesson from the last commodity bust -- hire cheaper workers.
Aluminium hit its highest level in nearly two years, supported by optimism that China would carry out plans to cut supply.
Japan's aluminium premium for shipments during the April to June quarter has been set at $US128 per tonne.
Clive Palmer has been ordered to return to court to answer questions as legal efforts to bring his nephew back to Australia continue.
Iron ore fell, extending its retreat from its February peak to 14 per cent, as Chinese steel inventories edge ever higher.
Delays in prospective acquisitions amid continued high commodity prices has prompted South 32, the BHP Billiton spin-out of orphan assets, to buy back close to 5 per cent of its shares for $US500 million
"Arrest Clive Theodore Mensink and bring him before the court for examination," the justice ordered, after the
An arrest warrant is expected to be issued for Clive Palmer's nephew after he failed to appear at court for questioning over the collapse of Queensland Nickel.
South32 rewards investors who had been waiting for the company to use its strong balance sheet and cashflows on bigger payouts or acquisitions.
Spot prices for the steel-making raw material retreated in an "overdue correction", but fundamentals remain strong.
The United States has issued a presidential permit for TransCanada Corp's Keystone XL oil pipeline, ending a years-long battle between environmentalists and the industry over whether Washington should approve it.
The world's biggest liquefied natural gas buyers - all in Asia - are clubbing together to secure more flexible supply contracts.
The strike at Escondida will end after workers decided to invoke a provision that allows them to extend their old contract.
It's not time to cut and run, but strategists are becoming more cautious about the tired looking bull market in mining stocks.
In a rare move for corporate Japan, the Australian former Rio boss has been nominated to join the board of trading giant Mitsui & Co.