Anglo American and Peabody Energy will work together to understand the impacts of a recent fire at Anglo’s Moranbah North underground coal mine in Queensland
The incident, which took place on March 31
saw high levels of carbon monoxide detected in Moranbah North
An Anglo representative confirmed shortly afterwards that no injuries were recorded
“The underground environment is under continuous monitoring and this indicates a stable atmosphere,” an Anglo spokesperson said at the time
The health and safety of our people is paramount and an orderly evacuation to the surface was safely completed
The Grosvenor coal mine also remains closed following an explosion that caused a month-long fire from June 29 to July 25 last year
An investigation by the Mining and Energy Union is ongoing
with Anglo being fully cooperative and supportive
Now Peabody Energy, which is set to acquire Anglo’s steelmaking coal business for $US3.775 billion ($6.3 billion)
is “reviewing all options related to its acquisition of steelmaking coal assets” from Anglo
“The company remains in conversation with Anglo American to better understand the impacts of the event,” Peabody said
“Peabody is preserving all rights and protections under its purchase agreements.”
the transaction would see Peabody take ownership of the Moranbah North
The deal is expected to be completed by the third quarter of 2025
The sale is part of Anglo’s plan to focus on copper assets in South America and iron ore assets in South Africa and Brazil
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Workers have reportedly been given the green light to return underground at Anglo American’s Moranbah North operations in Queensland after an explosion halted operations late last month
Resources Safety and Health Queensland (RSHQ) has granted approval for a restricted re-entry to allow essential personnel back into the mine
which resulted in high carbon monoxide levels
led to the evacuation of all workers on March 31
the re-entry will enable maintenance and safety inspections to take place
RSHQ inspectors have been assisting Anglo American on site to determine the cause of the event and ensure relevant controls are in place to ensure the safety of staff
“The number one priority for our inspectors is always the health and safety of workers on site,” RSHQ acting chief inspector of coal mines Laurie Crisp said
Anglo American said data indicated a small
and that the ignition did not spread to the longwall face
“We activated our action response plan after elevated carbon monoxide readings were detected in the goaf,” an Anglo spokesperson said
“Goaf conditions normalised shortly after the incident occurred and remain stable
Monitoring of the underground environment is continuing.”
Anglo announced in mid-April that it is “making progress in relation to the temporary suspension of mining operations”
“Conditions in the mine normalised shortly afterwards and they remain stable
with data and camera footage showing no evidence of damage,” Anglo said
“Anglo American is working alongside industry experts and the safety regulator
to expedite re-entry into the mine and the subsequent safe resumption of mining operations.”
Anglo has committed to continue paying all Moranbah workers and contractors while the mine is out of action
to Peabody Energy in a $5.7 billion deal expected to complete later this year
“Anglo American continues to work with Peabody towards satisfying the remaining customary conditions in those agreements that are required for completion of the transaction,” Anglo said
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The company’s neighbouring gas project currently buys 3MW of electricity from the power station
Special Report: QPM Energy has made a deal to acquire the 12.8MW Moranbah Power Station to power its Moranbah gas project in QLD
in a move set to save money and generate revenue for the company
The project in Queensland’s Bowen Basin currently captures 28-30 terajoules per day of waste mine gas (methane) from coal mines and supplies it to industrial gas customers and the Townsville Power Station
a peaking gas plant that operates for three to seven hours per day during peak morning and evening periods when electricity prices are at their highest
the company buys around 3MW of electricity to power the gas field from the Moranbah power station
which is co-located and directly connected to the project
This acquisition will mean an immediate reduction in field electricity costs of >$500,000 a month
The station will be acquired from Sustainable Energy Infrastructure and as part of the deal QPM Energy (ASX:QPM) will have full operating and electricity dispatch rights. That includes the capacity to purchase electricity directly from the grid during periods of low and negative market prices.
This is particularly important because it gives the company the flexibility to buy electricity at low to negative pricing during the day and generate electricity for self-consumption and export at other times.
It will also increase electricity revenue via this dispatch of excess electricity generation to the grid and means the company will be able to use increased quantities of waste coal mine gas as fuel for the project.
The company has also entered into an operating agreement with Carbon Logica and has the option to acquire the station at the conclusion of the operating agreement.
“The transaction associated with the Moranbah Power Station delivers us immediate operating cost savings and additional electricity revenue,” QPM CEO David Wrench said.
“We are pleased to have partnered with Carbon Logica and look forward to expanding our carbon abatement projects.”
Wrench says the acquisition is the first step on the path towards building an electricity portfolio in the region.
“QPM continues to make great progress in delivering on the potential of the Moranbah gas project,” he said.
“The MPS acquisition is a significant stepping stone towards our stated aim of developing a significant portfolio of electricity generation assets in Moranbah.”
Completion of the transaction is anticipated to occur on 31 December 2024 following satisfaction of relevant conditions precedent, including signing of a lease over the MPS site.
This article was developed in collaboration with QPM Energy, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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Peabody Energy is reconsidering its near-$6 billion purchase of Anglo American’s Queensland coal assets after the second fire at a major underground mine of the company in less than 12 months
Production at the Moranbah North mine – 500 kilometres south of Townsville – stopped last week after a fire ignited at the underground site
It’s the second fire at Anglo’s assets in less than a year
The Grosvenor mine – 15 kilometres from Moranbah – ignited in June
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Anglo American has reported that its Moranbah North underground coal mine in Queensland is in a stable condition following a recent fire
The incident, which took place on March 31
saw high levels of carbon monoxide detected in the mine
“The underground environment is under continuous monitoring and this indicates a stable atmosphere,” an Anglo spokesperson said at the time
Anglo has now announced that it is “making progress in relation to the temporary suspension of mining operations” at Moranbah North
“Conditions in the mine normalised shortly afterwards and they remain stable, with data and camera footage showing no evidence of damage,” Anglo said
the transaction will see Peabody take ownership of the Moranbah North
The sale is part of Anglo’s plan to focus on copper assets in South America and iron ore assets in South Africa and Brazil
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treasurer and now vice-president – there are not many areas of racing off the track that Bianca Bulst has not been involved in
The 30-year-old has been named the latest Racing Queensland Cheer A Volunteer winner for her efforts in helping the Moranbah Race Club run smoothly
Bianca said that she had been having a rough day up until receiving the news that she was the latest recipient of the award
“I’d actually had a very bad day with a few people complaining about things and I had come down with the flu that day too
so getting that phone call definitely made everything I do worth it,” Bianca said
“It was very surprising and extremely appreciated
“We don’t do this to get an award or be recognised or anything like that but we do it because we love racing and we love the culture and we love the challenges and the experience that comes with it
“When you get all the negative stuff and you get something positive
Bianca had originally worked as a bookmaker’s clerk for five-and-a-half years around the region
Yeppoon and even the famous Birdsville Races
It was when she became a part-owner of talented filly Paradis Imperial that she truly became immersed in the racing game
The Tony McMahon-trained galloper pocketed almost $380,000 in prizemoney during a career that netted 10 wins and eleven placings
including a third-place finish in the 2018 QTIS 3YO Jewel on the Gold Coast
“I was very privileged my first horse ever horse was Paradis Imperial
and she did exceptional and excelled at everything that I ever dreamed could come out of owning a first horse,” Bianca said
“When I moved to Moranbah that’s when I jumped in and helped the club because there were trainers here and I knew them through bookmaking and that’s how I started.”
Bianca has been with the club on and off for just over four years - first as a general member then as secretary for two and a half years before taking a break due to family commitments
she was appointed vice-president of the Isaac Region club which hosts three race meetings a year
The mother-of-one now juggles a full-time job and handling the behind-the-scenes work that goes into running the club including compliance
obtaining sponsors and organising staff and facilities for race days
“The biggest highlight for myself is getting grant approvals from Racing Queensland – we were very lucky this financial year to get an outside running rail
and the financial year before our bathhouse was converted to unisex and we got the new racing tower as well,” Bianca said
“So the fact that we’ve got some very large asset improvements in the last three years would be one of my highlights.”
Bianca channels the famous mantra of the Hollywood film Field of Dreams when talking about the future of the Moranbah Race Club
She is a firm believer that “if you build it
they will come” – specifically when it comes to infrastructure improvements and attracting more racegoers and members
“We do actually have a proposed renovation master plan for the race club
and that will be my next big-ticket item to get the ball rolling on,” Bianca said
“I do feel that improving our facilities will improve our community as well
“I know a lot of other clubs are facing the same thing with volunteers or community support and I do think a lot of that comes down to the facility that is provided as well
“I enjoy seeing everyone on race days enjoy their day out - it makes all the hard work worth it and the club is growing over the last four or five years I’ve been with them
“It’s about taking on what our members and our patrons are saying about the club
and going ‘hey look we think these are areas that need improvement,’ and being able to improve that area I think is a very big achievement for myself.”
The club will host its next race meeting on Saturday
Bianca said the committee had experienced plenty of turnover in the last few years as members move away from the area or have a change in circumstances
they are continually calling for volunteers to assist
“People seem to think it comes down to a thing of it’s like a full-time job… sometimes it’s just the extra hands to help out on clean up days or setting up of the race day or just letting someone into the facility for venue hire,” Bianca said
“I have such a great team of volunteers that work well with me - we bounce ideas
we work together and we assist where we can
“If you’ve always wanted to try something definitely jump in and try - even if it’s just coming and lending a hand for a couple of hours because sometimes those two hours of your help has taken six hours off someone else’s day.”
Clubs are encouraged to nominate their valued volunteers for the award
which is sponsored by Neil Mansell Transport & Mittys
there are more than 8,300 volunteers who make an invaluable contribution to the industry
providing their time and expertise to sustain Queensland’s three codes of racing
Click here for more information on Cheer A Volunteer and to nominate
For free and confidential support call 1800 858 858 or visit gamblinghelponline.org.au
QPM Energy ( (AU:QPM) ) has issued an announcement
QPM Energy Limited has announced a significant upgrade in the 2P gas reserves of its Moranbah Gas Project
which marks a 31% increase from the previous estimate
This development underscores the project’s potential and positions QPM as a key player in the Eastern Australian gas market
with substantial uncontracted reserves that could enhance future commercial opportunities
QPM Energy Limited is a company operating in the energy sector
focusing primarily on gas production and reserves
The company is involved in the Moranbah Gas Project (MGP) and holds one of the largest uncontracted gas portfolios in the Eastern Australian gas market
See more insights into QPM stock on TipRanks’ Stock Analysis page
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QPM Energy ( (AU:QPM) ) has issued an announcement
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Carbon Logica Pty. Ltd. has agreed to grant the operating and dispatch rights for the Moranbah Power Station (MPS) in the namesake Australian town to QPM Energy Ltd. after Carbon Logica acquires the facility.
QPM said in a statement Carbon Logica would purchase the 12.8-megawatt (MW) gas-fueled station from Sustainable Energy Infrastructure Pty. Ltd. (SEI) and lease it to QPM. QPM can acquire the station after the four-year operating agreement with Carbon Logica ends.
“The MGP gas gathering network is directly connected to the MPS and supplies up to 3.2TJ/day [terajoules a day] when the power station is operating at full load”, Brisbane, Queensland-based QPM said in the statement on its website, referring to the Moranbah Gas Project (MGP).
“Under existing legacy commercial contracts the MGP buys ~3MW of electricity from SEI to power the gas field”, QPM said. “QPM can elect to supply gas to the MPS to reduce overall electricity costs”.
It plans to use waste coal mine gas from the Moranbah coal seam gas project to fuel the station.
“Following completion of the Transaction, QPM will have operational and dispatch control of the MPS including the capability to buy electricity directly from the grid at the National Electricity Market spot price”, QPM said. “This gives QPM the flexibility to buy electricity at low to negative pricing during the day and generate electricity for self-consumption and export at other times.
“As such, the MPS has the ability to deliver both increased revenue and reduced operating costs for QPM as the existing legacy contracts with SEI will be terminated”.
QPM expects electricity cost savings of over AUD 500,000 ($316,200) a month, or five percent overall, through the agreement with Carbon Logica, a carbon abatement company catering to the coal mining industry.
QPM will pay Carbon Logica, also based in Brisbane, about AUD 10.5 million over the four years.
QPM expects to complete the transaction by the end of 2024.
Last year QPM bought the Moranbah Project in Australia's Bowen Basin from AGL Energy Ltd. and Arrow Energy Group for AUD 5 million.
"The acquisition of the Moranbah Project transforms QPM into the 6th largest domestic gas producer listed on the ASX [Australian Securities Exchange]", QPM said in a press release August 25, 2023.
The project holds estimated proven and probable reserves of 318.7 billion cubic feet gross of gas, up 38 percent, according to a QPM update April 29, 2024. The reserves sit in petroleum leases 191, 196, 223 and 224, collectively referred to as the Moranbah Project, which has been in production since the 2000s.
The purchase comes with the right to send gas via the North Queensland Gas Pipeline (NQGP), which can carry 108 TJ per day. The Moranbah-Townsville pipeline is owned by Palisade Investment Partners Ltd. but operated by AGL and Arrow Energy through a joint venture.
The Moranbah Project supplies gas to the Townsville Power Station (TPS) and industrial businesses in north Queensland.
On December 4, 2024, QPM announced a 10-year agreement with RATCH Australia Corp. to obtain dispatch rights for 100 percent of the capacity of TPS’ 160-MW gas turbine generation unit after existing arrangements expire.
“This agreement allows QPM to supply gas to the power station and dispatch the electricity generated into the National Electricity Market”, QPM said.
QPM also said it had inked a 10-year agreement enlisting NQGP for gas transport and storage services.
“The spot electricity price in the National Electricity Market is becoming increasingly volatile as more variable renewable generation is added to the network”, QPM said in a statement. “The mismatch between the timing of renewal generation and demand results in significant swings in market prices, particularly during late afternoon and early evening as solar generation falls away and household electricity demand increases rapidly.
“QPM’s strategy is to develop additional gas-fired power generation capacity that will be dispatched to provide support to the market during these events and capitalize on the very strong market prices during this part of the daily price cycle”.
To contact the author, email jov.onsat@rigzone.com
AEST = Australian Eastern Standard Time which is 10 hours ahead of GMT (Greenwich Mean Time)
Picture file.A man in his 30s has suffered facial lacerations from a barbed wire fence after crashing his dirt bike on a private property in Moranbah
All articles from our websiteThe digital version of This Week's PaperBreaking news alerts direct to your inboxAll articles from the other agricultural news sites in your areaContinueAround 10.45am on Sunday
the man was riding on his dirt bike at the property located off the Peak Downs Highway
near the Isaac River Bridge when he became trapped in the barbed wire fence
Queensland Ambulance Services were called to the scene just before 11am and attended to the man
He was transported by road to Moranbah Hospital in a stable condition
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Anglo American’s Queensland Moranbah North mines rescue team has been named overall winner of the 2024 Australian Underground Mines Rescue competition
The annual event brings together the top mines rescue teams to demonstrate their expertise and commitment to safety in the mining industry
Four teams from New South Wales and four from Queensland
each having won their respective regional competitions
competed for the 2024 title which was held at Chain Valley Colliery near Newcastle on October 24
followed by Centennial Coal’s Springvale team (Western Mines Rescue
the competition features a series of challenging scenarios that replicate real-life emergencies faced in mining operations in both underground and surface environments
Teams were assessed on their technical skills
teamwork and communications as they navigated simulated incidents such as hazard awareness
Anglo American Australia chief executive officer Dan van der Westhuizen said the Moranbah North Mine mines rescue team had proven time and again it was among the best in the country
“Mines rescue competitions are an essential opportunity for our industry to ensure we have the right skill sets ready to deploy and save lives across our industry, in the event this becomes necessary,” he said
“Our highly-skilled mines rescue teams are fundamental to our ongoing commitment to the emergency readiness of Queensland’s coal mining industry
“I hope more people feel inspired to join their local rescue teams and gain vital skills.”
The Moranbah North mines rescue team will be invited to represent Australia at the International Mines Rescue Competition which will be held in Zambia in 2026
Peabody Energy is reviewing its $5.7 billion acquisition of Anglo American’s Queensland coal mines after an explosion at the Moranbah North mine
a fire at the underground site halted production
It was the second fire at an Anglo American mine in under a year
The company had planned to complete the deal by mid-2025
the recent explosion has raised serious concerns
Also Read: Trade War Erupts: Trump’s 104% Tariff Hikes Shake Global Markets
The deal includes four Anglo American mines—Moranbah North
the future of hundreds of workers remains uncertain
Mining and Energy Union Queensland president Mitch Hughes acknowledged workers’ concerns
“The workforce is understandably concerned about its future,” Mr Hughes said
“Our priority is the safety of our members and workplaces,” he added
including Resources Safety and Health Queensland
The longwall and shearer at Grosvenor Coal Mine. (Source: Anglo American/ABC News)
confirming ongoing discussions with Anglo American
“The company remains in conversation with Anglo American to better understand the impacts of the event,” the company stated
“Peabody is preserving all rights and protections under its purchase agreements.”
The key question is whether the fires trigger a “material adverse change” clause
This clause allows Peabody to walk away if a major issue harms the business
A spokesperson for Anglo American insisted the deal was still on track
“Anglo American continues working with Peabody towards completion of the transaction announced in November 2024,” they said
Isaac Regional Council Mayor Kelly Vea Vea stressed the deal’s importance for local communities
She highlighted the sale’s impact on more than just coal assets
“We’re talking over 800 houses
She urged the government and company stakeholders to prioritise community well-being
“I really hope the wellbeing of the workers and the communities are at the forefront,” Cr Vea Vea said
Anglo American is selling its coking coal assets as part of a major restructuring effort
Anglo CEO Duncan Wanblad aims to focus on copper
as selling these coal mines is a key priority
The deal gives Anglo $3.43 billion in cash upfront and more in future instalments
If the fire-damaged Grosvenor mine restarts and coal prices stay high
Peabody has a complicated history in Australia
The company spent $4.9 billion buying MacArthur Coal in 2011
Peabody CEO Jim Grech said the Anglo deal aligned with the company’s strategic shift toward steelmaking coal
the global coal market has become more volatile
The ongoing trade war between the US and China has shaken the coal market
Any disruption could affect Peabody’s deal
Australian premium coking coal futures on the Singapore Exchange hit $191 per tonne on Wednesday
Peabody’s share price dropped nearly 20% after US President Donald Trump introduced new tariffs last week
the stock recovered half its losses on Tuesday after Trump signed an executive order supporting US coal mining
Peabody and Anglo American remain in talks
The final decision will depend on fire investigation results and whether Peabody can renegotiate the deal
Queensland coal workers and local communities wait anxiously
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Peabody (NYSE: BTU) has announced it is reviewing all options regarding its acquisition of steelmaking coal assets from Anglo American Plc following an ignition event at Anglo's Moranbah North Mine last week
The company is currently in discussions with Anglo American to assess the event's impacts while maintaining all rights and protections under existing purchase agreements
Peabody (NYSE: BTU) ha annunciato di essere in fase di revisione di tutte le opzioni riguardo all'acquisizione di beni legati al carbone per la produzione di acciaio da Anglo American Plc
a seguito di un evento di accensione avvenuto la scorsa settimana nella miniera Moranbah North di Anglo
L'azienda è attualmente in discussione con Anglo American per valutare gli impatti dell'evento
mantenendo tutti i diritti e le protezioni previsti dai contratti di acquisto esistenti
Peabody (NYSE: BTU) ha anunciado que está revisando todas las opciones respecto a la adquisición de activos de carbón para la fabricación de acero de Anglo American Plc tras un evento de ignición en la mina Moranbah North de Anglo la semana pasada
La empresa está actualmente en conversaciones con Anglo American para evaluar los impactos del evento
manteniendo todos los derechos y protecciones bajo los acuerdos de compra existentes
Peabody (NYSE: BTU)는 지난주 Anglo American Plc로부터 철강용 석탄 자산 인수와 관련하여 모든 옵션을 검토하고 있다고 발표했습니다
이는 Anglo의 Moranbah North 광산에서 발생한 점화 사건에 따른 것입니다
현재 회사는 사건의 영향을 평가하기 위해 Anglo American과 논의 중이며
Peabody (NYSE: BTU) a annoncé qu'il examinait toutes les options concernant son acquisition d'actifs de charbon pour la fabrication d'acier auprès de Anglo American Plc suite à un événement d'inflammation survenu la semaine dernière à la mine Moranbah North d'Anglo
L'entreprise est actuellement en discussions avec Anglo American pour évaluer les impacts de l'événement tout en maintenant tous les droits et protections prévus par les contrats d'achat existants
alle Optionen hinsichtlich der Übernahme von Stahlkohlenvermögen von Anglo American Plc zu prüfen
nachdem es letzte Woche zu einem Zündereignis in der Moranbah North Mine von Anglo kam
Das Unternehmen führt derzeit Gespräche mit Anglo American
um die Auswirkungen des Ereignisses zu bewerten und alle Rechte und Schutzmaßnahmen gemäß den bestehenden Kaufverträgen aufrechtzuerhalten
2025 /PRNewswire/ -- Following an ignition event last week at Anglo American Plc's Moranbah North Mine
Peabody (NYSE: BTU) today announced that it is reviewing all options related to its acquisition of steelmaking coal assets from Anglo American
The company remains in conversation with Anglo American to better understand the impacts of the event
Peabody is preserving all rights and protections under its purchase agreements
Peabody is a leading coal producer, providing essential products for the production of affordable, reliable energy and steel. Our commitment to sustainability underpins everything we do and shapes our strategy for the future. For further information, visit PeabodyEnergy.com
CONTACT:Vic Svecir@peabodyenergy.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/peabody-statement-following-moranbah-north-event-302423915.html
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An eagle from five feet at the par-5 eighth has propelled Victorian Bradley Kivimets to his first two-day win on the adidas PGA Pro-Am Series
An opening round of 7-under 65 saw Kivimets trail Lucas Higgins by one heading into the second round of the IMS Moranbah Pro-Am at Moranbah Golf Club
the first event in the six-leg Mining Towns Series
Birdies at his first and third holes in Round 2 was the ideal start
a pitching wedge to five feet to set up eagle on eight proving crucial at day’s end
“I had a bogey a few holes before that so it kind of got me back to 3-under for the day,” Kivimets said
“I didn’t know where I stood at that time in the grand scheme of things but that sort of got me back on track and then I managed to kind of keep going from there.”
Kivimets posted 5-under 67 in Round 2 for a 12-under total
enough to finish one clear of James Mee (66-67)
Ben Henkel (67-66) and Brendan Smith (69-64)
Round 2 began on the second hole for Kivimets and jumped straight out of the blocks with a birdie at the 495-metre par 5
He followed that up with a birdie on four only to take a step back with a bogey on six
The eagle on eight turned momentum Kivimets’ way
13 and 14 giving him enough of a buffer to absorb a final bogey at the par-4 15th
which you kind of need to do around here,” said Kivimets
“Some of the longest stuff was a bit scrappy at times
I was able to have a pretty good look at it and made a few putts
Kept momentum going at times and didn’t put myself in too much trouble
The other four that I’ve won were single day events so it’s nice to win one that’s more than 18 holes.”
LEADERBOARD RUNDOWN1 Bradley Kivimets 65-67—132T2 James Mee 66-67—133T2 Ben Henkel 67-66—133T2 Brendan Smith 69-64—1335 Riley Taylor 66-69—135T6 Caleb Bovalina 66-70—136T6 Dillon Hart 67-69—136
The Mining Towns Series continues with the Foxleigh Mine Middlemount Pro-Am on Friday while the two-day Roy Hill Golf Classic Pro-Am begins at Port Hedland Golf Club
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Anglo American mine rescue teams from the Grosvenor and Moranbah North mines in Queensland will compete at the International Mines Rescue Competition in Colombia from September 13–20
The Grosvenor and Moranbah North teams won first and second place respectively at the 59th annual Australian Underground Coal Mines Rescue competition in October
This qualified the two Bowen Basin teams to compete at the international competition
It will be the third consecutive time the Moranbah North mines rescue team has competed at an international level
having previously competed in Russia in 2018 and the US in 2022
Grosvenor also debuted on the international stage in the US
so Colombia will be the team’s second tilt abroad
Anglo American chief executive officer in Australia Dan van der Westhuizen said it was a great source of pride the mine rescue teams had gained global recognition for their expertise
“Our skilled mines rescue teams are a critical part of our continued commitment to the emergency capabilities of the Queensland coal mining industry
and mines rescue competitions serve as a vital platform for our industry to highlight critical aspects of mine safety,” he said
“We know firsthand why mines rescue skills are so important
And while no one wants to be in a position where a mines rescue team is required
unwavering dedication and unparalleled experience provide us all with confidence when we need them most.”
Moranbah North Mine team captain Jason Seaborn said the camaraderie and competitiveness of mines rescue had driven his involvement
“I’ve been part of the Moranbah North team for five years because I value safety and I value looking after my colleagues,” he said
“Working as a team is the most rewarding part of going underground
“It’s hard work but you have a really close work culture where you’ve got to have each other’s backs.”
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attracting large nominations for the three-day competition
All articles from our website & appThe digital version of This Week's PaperBreaking news alerts direct to your inboxAll articles from the other agricultural news sites in your areaContinueCattle were sourced from two local suppliers
long time cattle donor Winchester Downs walked 820 head
30 kilometres over two days to the event and Annandale Pastoral Company donated 360 head of cattle to ensure the event proceeded with big scores reflecting the quality lines of cattle that were kindly donated
The committee acknowledged the massive effort by both cattle donors and especially for the Winchester Downs line
selected and educated the cattle and embarked on the road trip to the campdraft
Jordan McDowall from Mackay riding Yaven Smooth Sailing
set the pace scoring 90 points to claim victory in the Beryl Neilsen Memorial Ladies sponsored by Winchester Downs
the committee worked tirelessly and spent several days working the arena and camp and installed a new PA system
Joe and Debbie Zarb from Quarrico supplied a load of crusher dust who underwent the precise job cleaning out the camp and resurfacing it
Committee member Kelva Camm from Wentworth Station was a popular winner taking out the Cantaur Park and Nutrien Clermont Futurity riding Conoak with 88 points
while her daughter Marley Camm won the Extreme Mining Services Mini Horsemanship event
was won by Mac Shann and his consistent horse Porters FD who were forced into a runoff with Stewart Wallace and Kattnap
Berry Shann from Clermont combined with his horse Merlene to claim a narrow victory in the Charlie Flohr Memorial Open
The late Charlie Flohr had been a well-respected local campdraft legend who had amassed many victories and titles with his home-bred horses
Capella competitor Matt Russell won the Whitehaven Coal Novice riding Roy with a single point lead over Brooke Woolley and her mount Smoke N Dixie
Debbie Symonds from Nebo was forced into a runoff to claim the Central Highlands Plant Hire Maiden with an aggregate score of 197 points with Isa Rocketeer
while Tom Deery made the trip from Kilcoy to enjoy the victory in the Nibbereena Performance Horses Maiden for Maiden when he combined with Docs Double Spin
Alex Neaton had a convincing win in the Farlane Park Grazing Keith Flohr Memorial Juvenile scoring 88 points to secure the blue ribbon and Jaxon Parmenter held a 10-point lead to claim the Extreme Mining Services Junior Horsemanship scoring 78 points
Long time supporters Winchester Downs kindly sponsored the ambulance hire for the duration of the event
The Australian Campdraft Association recently appointed Robert Daly as interim president at its last management committee meeting held in Brisbane
Mr Daly will hold the position until elections are held in the new year
Today's top stories curated by our news team
South Africa’s Exxaro Resources is weighing its options for its Australian coal joint venture project with Anglo American Plc following the mining giant’s planned exit from the business
The South African coal miner and Anglo equally own the Moranbah South metallurgical coal project in Queensland
Anglo announced plans to spin off or sell its coal
diamond and platinum businesses to focus mainly on energy transition metal copper
While Exxaro is not currently evaluating any of the assets to be put up for sale by Anglo
it was assessing the joint venture project
chief growth officer Richard Lilleike said during a pre-close call
“We will review our options under the Moranbah South joint venture agreement as and when any offers are made,” Lilleike said
Asked if Exxaro has pre-emptive rights over Moranbah
Exxaro CFO Riaan Koppeschaar said the company was currently reviewing the joint venture agreement
“It’s premature for us to disclose whatever rights we have,” Koppeschaar said
Exxaro moved to sell its stake in the project but failed to get attractive bids and began reassessing the potential development plan for the project in 2018 as coal prices soared
which is pursuing plans to diversify away from coal into clean energy metals
was taking the currently elevated prices for the metal into consideration
“Copper remains fundamental to us as well as many other mining companies
But we will certainly take into account pricing when we look at these opportunities,” Lilleike said
“In terms of what we can do to mitigate that
we are exploring partnership opportunities as well as looking at investments through the cycle of the commodity and what is the appropriate stage to enter.”
(By Nelson Banya; Editing by Chizu Nomiyama)
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The latest 10 include the proposed copper-nickel mine in Minnesota under a joint venture between Glencore and Teck.
Exploration and mining of the energy metal has for 12 years been banned or largely restricted for environmental reasons in British Columbia, Quebec and Nova Scotia.
Gina Rinehart's mining company, Hancock Prospecting, is among the biggest donors to opposition leader Peter Dutton's Liberal Party.
This discovery adds to a series of significant archaeological finds in the Czech Republic.
Jack Lundin, president and CEO, hailed Filo del Sol as "one of the most significant greenfield discoveries in the last 30 years."
Anglo-American must tidy up the Moranbah North Coal mine
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The fire at Anglo American’s Grosvenor coalmine in Moranbah broke out after methane ignited
Conservation groups say a fire that has been burning since Saturday at an underground coalmine is Queensland is an “environmental disaster” that highlights the risks of methane gas to workers, community health and the climate
The fire at Anglo American’s Grosvenor coalmine in Moranbah broke out after methane ignited on the longwall coalface
The mine was evacuated on Saturday and the company has said no workers were harmed
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The Australian Conservation Foundation’s methane campaigner, Piper Rollins, said the incident was “nothing short of an environmental disaster” that highlighted the potent risks of methane. She said smoke caused by the fire could result in a “toxic cocktail of pollutants” moving to nearby communities.
Rollins said methane was “a toxic climate-heating gas” 86 times more potent than carbon dioxide, and that it was “turbocharging heatwaves, bushfires and coral bleaching events”. She said the government should explain how the incident would be factored into Australia’s emissions accounting.
Methane leaks from coalmines. When it burns the emissions released are CO2.
The International Energy Agency has estimated that methane emissions from Australian coal and gas mines could be 64% higher than federal government estimates suggest.
“There’s been a massive release of climate heating methane and other gases as a result of this fire. Who’s going to be held responsible for that and how is it going to be accounted for?” she said.
“Our NGER (national greenhouse and energy reporting) system relies on factor-based emissions reporting and we don’t yet have a system for reconciling blowouts.
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Read more“This fire will have emissions impacts for both Queensland and Australia … there should be a serious question about how is that pollution going to be accounted for in our state and national inventories.”
A spokesperson for the minister for climate change, Chris Bowen, said ‘the government understands the primary focus of the mine operator and state regulators is ensuring the safety of the mine.
“Our department and [the] Clean Energy Regulator are aware of the incident and are responsible for ensuring that relevant requirements under the National Greenhouse and Energy Reporting Scheme and measurement requirements for the National Inventory under the Paris Agreement are met.”
5:28Why Dutton is restoking the climate wars: politics with Amy Remeikis - videoIn its most recent statement on Tuesday, Anglo American said the amount of smoke at the site had reduced after work to temporarily seal the mine from the surface.
It said a mobile extinguisher unit that pumped nitrogen into the mine to try to starve the fire of oxygen was fully operational.
Read more“All monitors are reporting readings within acceptable limits
indicating no impact on community health from smoke or airborne contaminants
anyone concerned should seek medical advice,” the statement said
The Queensland Conservation Council said it was welcome news that no workers had been injured
“But this fire clearly shows coal companies can’t continue to downplay their methane emissions,” energy strategist
(climate change and energy) minister Chris Bowen is currently considering changes to the way that companies report methane and we hope this incident causes him to bring in strict regulations.”
Stanmore Resources has entered into a binding agreement with Anglo American and Exxaro
the participants of the Moranbah South joint venture (MBS JV)
and apply for a future mining lease over a designated area on the MBS JV tenements
immediately adjacent to Stanmore’s Isaac South project
is expected to significantly enhance the economics of Isaac South by adding low-strip-ratio coal
thereby extending the life of operations beyond the currently mined Isaac Downs pits
The addition of the designated area is projected to contribute approximately 50 per cent of the total mineable resource of the enlarged Isaac South project
The strip ratio is expected to start at just 4-5:1 run-of-mine
meaning the mine’s development will have a lower capital cost and time to first coal will be faster
The designated area is also strategically located near Stanmore’s existing coal handling preparation plants
further reducing development costs and timeframes
The agreement entails an upfront payment of $US15 million
followed by a deferred consideration of $US20 million upon the first coal being mined or approximately 10 years after the grant of a mining lease
a capped royalty of up to $US40 million is linked to certain coal price thresholds
with plans to submit all required documentation in 2025
“We will now work closely and swiftly with State and Federal Government departments and regulators to progress the environmental impact studies and all associated work and secure all required regulatory approvals to submit an investment case for internal approval to start construction of the new pit and associated infrastructure,” Matos said
The company aims to maintain operational continuity at its Isaac Plains Complex
potentially adding another 15 years of mining at the current rate of four million tonnes per annum
Since 1908, Australian Mining has informed the industry on the latest news and technologies from across the mining sector. Comprising of a monthly print magazine, website and e-newsletter, Australian Mining is a leading resource showcasing the latest in mining innovation.
(QPM) has completed the purchase of the Moranbah gas project in Australia's Bowen Basin from AGL Energy Ltd
QPM expects production at the project in the northeastern state of Queensland to be 2.85 petajoules (PJ) in the last quarter of 2023
QPM expects output to gradually increase to 3.7 PJ by the fourth quarter of 2024
"The acquisition of the Moranbah Project transforms QPM into the 6th largest domestic gas producer listed on the ASX [Australian Securities Exchange]"
In the long run the new asset marks a step toward QPM Energy becoming a "viable standalone business
with significant earnings potentials from electricity generation and third party sales"
The Moranbah field supplies gas to the Townsville Power Station and industrial businesses in north Queensland
processes and transports waste mine gas (currently flared or vented) for industry use"
The project has proven and probable reserves of 240 PJ and 269 PJ of contingent resources (2C)
with about 100 producing wells and associated gas gathering infrastructure
The reserves sit in production licenses 196
collectively referred to as the Moranbah Project
which has been in production since the 2000s
The project's mature and current gas output rate is 10 PJ a year with a processing and compression capacity of 23.4 PJ per annum
The purchase comes with the right to send gas via the North Queensland Gas Pipeline
The new owner projects revenue of $29.6 million from gas and electricity sales from the project in the October-December 2023 quarter and $46 million in the same period next year
But it expects negative earnings of $1.6 million from the Moranbah project for the fourth quarter of 2023
before generating $14.6 million in income before deductions for the fourth quarter of 2024
The acquisition "significantly de-risks our gas supply requirements for the TECH Project and provides a pathway to create a significant positive cash flow business"
QPM managing director and chief executive Stephen Grocott said in a statement
The acquisition makes QPM Energy also "ideally positioned to assist regional coal miners to reduce gas flaring and venting
allowing them to better meet their obligations under the Commonwealth Safeguard Mechanism reforms and Queensland government emissions reduction objectives"
"We have been working hard during the period leading up to today’s completion to identify initiatives designed to improve the performance of the asset
we are now ready to implement them as quickly as possible"
QPM Energy chief executive David Wrench commented
the tailwinds we have received from Safeguard Mechanism reforms and the state of the Queensland electricity market
position QPME well to significantly grow as a standalone business
whilst still meeting the needs of the TECH Project.”