Today
Renewables are cheapest, even with poles, wires and batteries added in
CSIRO’s annual price comparison of energy sources include transmission and storage costs in renewables calculations for the first time. They still come out on top.
- Ben Potter
Yesterday
Orica prepares for end of thermal coal with $559m software firm buy
The explosives and mining services group is pivoting its business to focus on new mines needed to the transition away from fossil fuels, and on infrastructure.
- Elouise Fowler
Investors tip strong payouts from sin-binned coal stocks
The coal sector is consolidating as big miners sell assets at bargain prices to juniors that can potentially grow resources and balance dividend payouts.
- Tom Richardson
This Month
Climate vow hits pipeline full of coal, oil and gas
Latest figures in the Department of Industry, Resources and Sciences quarterly resources sector report card illustrate mixed progress towards decarbonisation.
- Ronald Mizen
Four key takeaways from the new energy market roadmap
Coal is dead, the consumer is king, rising costs are squeezing new transmission and utility-scale generation projects, and gas will play an indispensable but small role.
- Ben Potter
Stanmore Resources’ Indonesian backer in $167m selldown
The trade was done at $3.70 a share or a steep 9.3 per cent discount to Stanmore Resources’ $4.08 last close.
- Sarah Thompson, Kanika Sood and Emma Rapaport
November
NSW coal mine to restart after 18 years
European commodity trader Vitol has promised more than $90m to get the Dartbrook coal mine back into production within four months.
- Peter Ker
China’s world-beating renewables surge threatens Australian exports
China has vaulted ahead of the rest of the world in solar and wind power in 2023, accelerating the transition and posing a threat to future coal exports.
- Ben Potter
‘Stab in the dark’: Why other nations can’t trust our emissions data
Superpower Institute chairman Rod Sims says state-of-the-art measurement is vital for Australia to be able to sell green commodities to Europe when it levies a carbon border tax.
- Ben Potter
- Opinion
- Energy transition
Underwriting renewables promises smooth sailing on power prices
The Capacity Investment Scheme can add clean energy and storage assets speedily at least cost if the government makes good investment decisions.
- Frank Jotzo
Whitehaven activist investor Bell Rock slapped by investment watchdog
The British hedge fund that tried to pressure Whitehaven Coal to abandon the acquisition of BHP coal mines failed to meet Australian disclosure standards
- Peter Ker
Soul Patts checks out Whitehaven’s debt for $6.2b BHP coal buy
The interest is no surprise, given last year it tipped into the financing for Stanmore Resources’ $1.35 billion purchase of BHP’s stake in BHP Mitsui Coal.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Coal miners discover nobody will judge them in the bond market
Coal companies with more cash than they know what to do with are turning to fixed income investing after banks bowed to pressure to ditch them as clients.
- Jemima Whyte, Jonathan Shapiro and Primrose Riordan
Big four chart separate paths on customers’ transition plans
The banks have tightened energy sector lending polices in new documents accompanying their annual results. But there are many discrepancies.
- James Eyers
Glencore buys Teck’s coal business ahead of commodity spin-off
The miner is the largest operator of thermal coal mines in Australia. It will pay $10.9 billion for a 77 per cent stake in the division, it said on Tuesday.
- Thomas Biesheuvel
- Opinion
- Review
China is about to hit a big turning point for the world
The Asian nation’s coal use is projected to decline from 2025. Here’s how that will play out across the globe.
- Lili Pike
Indonesia’s president pushes US on what happened to the $31b
President Joko Widodo questions the West’s “commitment” to helping developing countries cut climate emissions.
- Alec Russell and Mercedes Ruehl
China’s import surprise offers hope as recovery risks linger
China’s imports expanded year-on-year for the first time since February, a rare sign of growth against a backdrop of weaker overall trade activity in 2023.
- Linda Lew
Bowen Coking Coal launches $50m raise; billionaire Hans Mende tips in
Potential investors were told the proceeds would be used to develop its Ellensfield South pit, as well as going after port and rail capacity.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Two Rich Listers make billions from Qld coal
Wealthy businessmen Sam Chong and Chris Wallin are the beneficiaries of big paydays from highly profitable Bowen Basin operations, despite softening prices.
- Updated
- Primrose Riordan and Joshua Peach
