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Kestrel Coal Mine

Qld coal mines rumoured to be exited soon

Two major mines could be under new management within just months. The next coal operations to be exited are widely speculated to be EMR Capital’s Kestrel mine (51km northeast of Emerald) and...

Telfer mine

Resources giant confirms $1B mine selloff

A global mining company revealed it could profit substantially from exiting multiple operations. Newmont Corporation recently confirmed it will sell off its Telfer, Musselwhite, Éléonore, Akyem...

Avebury mine

Mine collapses after failing to find new owner

Dwindling commodity prices forced a struggling resources operation into receivership. A near 42 per cent drop in nickel spot prices prompted Mallee Resources to transition its Avebury mine into care...

Maxwell Coal Mine

$509M coal project fast tracked

An underground coal operation will be accelerated. New Hope Corporation (NHC) recently purchased up to $105 million of institutional placement equity in Malabar Resources. The amount comprises of a...

Finniss mine workers

Commodity price crash indefinitely suspends mine

An environmentally friendly resources company will postpone production for the unforeseeable future. Core Lithium recently suspended its Finniss mine after the value of lithium ore plunged 80 per...

Curragh Coal Mine

Equipment breakdown delays Central Qld coal mine

Unreliable machinery postponed work at a Queensland coal operation in the Central Highlands region. Production could be delayed by up to six weeks due to a broken down dragline at Coronado Global...

Daunia coal mine trucks

Central Qld coal mines could sell for $5B

A mining giant could exit two fossil fuel operations for a higher than expected sum in Queensland’s Central Highlands and Isaac regions. Whitehaven Coal was recently speculated to offer $4.8...

King Vol mine

Far North Qld mines collapse with $280M in debt

Multiple operations entered insolvency after being unable to cover running expenses. KordaMentha recently began administering the sale of Aurora Metals, which financially collapsed at the end of June...

Cadia mine

Resources multinational offers $29B for eight mines

A foreign mining giant will purchase multiple operations for a colossal sum. United States-headquartered Newmont Corporation recently made an acquisition offer for Newcrest Mining for A$28.8 billion...

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