Asciano signs Qld coal haulage deal
Ports and rail operator Asciano Group has signed a 10-year deal to haul coal for Anglo Coal in Queensland, starting in the 2009/10 financial year. Asciano said on Tuesday that Anglo Coal would be its fourth Queensland coal haulage customer. The others are Macarthur Coal, Rio Tinto and Xstrata.
China pays up for coking coal-McCloskey
China's steel production is soaring way over estimates and the country has paid above the benchmark price for a shipment of coking coal, which could transform the global market for the key steel-making ingredient, a key coal industry analyst said on Thursday. "We have just heard of a spot sale from Australia to China of $132 per tonne, which is over the benchmark price of $129," Gerard McCloskey, of the McCloskey Group, told a coal industry conference.
Carbon scheme may cost 9000 Illawarra jobs: report
A report commissioned by the State Government predicts the federal carbon pollution reduction scheme will cost the Illawarra almost 9000 jobs and $1 billion in commercial output a year by 2025, if Australia moves ahead on an emissions trading scheme without an international agreement on carbon trading...The Australian Coal Association argues the scheme will have a significant impact on industries like coal, but also secondary firms that supply those industries with goods and services.
