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Monday, 02 July 18
THIESS SECURES NEW QCOAL NORTHERN HUB $480M CONTRACT
 Thiess has been awarded a new A$480 million contract by QCoal to continue operations at the QCoal Northern Hub located in Queensland’s Bowen Basin, Australia.
Acccording to company's website, under the four-year contract, Thiess will continue to provide mining services at the QCoal Northern Hub which comprises the Sonoma, Sonoma North, Drake and Jax mines.
The scope of works includes mine planning, drill and blast, overburden removal and coal mining at the Northern Hub which produces hard coking and thermal coal.
CIMIC Group Chief Executive Officer Michael Wright said: “Thiess has a long-standing partnership with QCoal and the Thiess team has provided expert planning and optimum mine sequencing to deliver consistent outcomes for our client. This extension builds on our relationship with QCoal and enables us to drive greater efficiencies at the project.”
CIMIC Group Executive Mining and Mineral Processing and Thiess Managing Director Douglas Thompson said: “We’re proud to continue our work at the QCoal Northern Hub where we have a proven track record of delivering innovative and low-cost mining solutions. We also look forward to continuing our strong relationship with the Collinsville community with whom we have worked closely with for more than 20 years.”
Thiess has a long history operating in Collinsville, having operated Collinsville Coal Mine from 1996 to 2013, and first commencing operations at QCoal Northern Hub in 2007.
In that time Thiess has secured long-term employment for locally-based employees.
Thiess will commence works under the new contract in July 2018.
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Friday, 06 July 18
COAL PRICES HAVE REMAINED STRONG BUT ARE SET TO DECLINE - NAB
Coal spot prices have been highly volatile in recent years, with an upward trend since recent lows in April 2018, National Australia Bank says in i ...
Friday, 06 July 18
HOW FLEET SIZE, CORPORATE PROFILE AND STRATEGY ARE DECIDING FACTORS IN SELECTING AN APPROPRIATE FINANCING STRATEGY - PWC
KNOWLEDGE TO ELEVATE
The challenges that shipping companies are facing when selecting an appropriate financing strategy during the current per ...
Friday, 06 July 18
INDIA: GOVT TO RELAX CURBS ON INDIAN FIRMS CHARTERING FOREIGN SHIPS - HINDU BUSINESS LINE
The Ministry of Shipping is clearly in reform mode. On the heels of the recent relaxation of the cabotage law, which allows foreign flag vessels to ...
Friday, 06 July 18
AUSTRALIAN NEWCASTLE SPOT COAL PRICES HIT $120 FOR 1ST TIME SINCE 2012 - REUTERS
Australian thermal coal prices have broken through $120 per tonne for the first time since 2012, driven up by strong consumption in Asia and spot m ...
Thursday, 05 July 18
WHAT THE FAILED GLENCORE-TOHOKU COAL TALKS MEAN FOR THE MARKET - REUTERS
Electric utilities in Japan and other Asian countries are driving blind when it comes to coal prices after the failure of Japan’s Tohoku Elec ...
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