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The Latest Breaking News from Coal

Qld picks fossil fuel over energy storage

The Queensland government has prioritised coal and gas-fired generation over energy storage as it eyes dividends from the surging wholesale electricity market.

AAP

Chinese investors fast abandoning Australia but still hold vast amounts of infrastructure, land and water

Australia is losing an important source of foreign funding, with Chinese investment in the country plummeting by 70 per cent last year — its lowest level since the global financial crisis.

ABC News

CIL coal import: Bid validity pruned to 60 days as bidders cite volatility

NEW DELHI: Coal India Ltd has shortened the validity of price bids in its first-ever coal import tenders from 90 days to 60 days after prospective suppliers cited market volatility to seek several changes.

The Times of India

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Adani Enterprises, 10 others keen on bidding for coal import tenders: CIL

NEW DELHI: Adani Enterprises and 10 other companies including offshore firms have expressed interest in bidding for coal import tenders floated by Coal India Limited, the public sector minor said on Tuesday.

The Times of India

Russia in chilling threat as it vows to retaliate against NATO member's population

Lithuania has blocked Russia's rail access to Kaliningrad Oblast - a Russian exclave surrounded by EU member states - cutting off supplies of basic goods including construction materials, metals and coal

Daily Mirror

US ban on Xinjiang imports comes into force

A new US law that imposes a near-blanket ban on imports from China's Xinjiang province comes into force this Tuesday. Companies now have to prove that goods they bought from the region were not made with forced labour. Beijing accuses Washington of fabricating accusations of human rights abuses. Plus, the…

France 24

Royalty rip-off: Hunter misses coal mining windfall in NSW Budget

The NSW government will rake in an extra $810 million in coal royalties this year - and almost $4 billion over the next four years - but has not put an extra dollar into a fund to help coal mining communities prepare for change.

Newcastle Herald

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Coal royalty increase in Queensland state budget blasted by mining industry, resources council

The Queensland government's revamp of how resource royalties are collected draws heavy criticism from the mining industry, but an academic believes it capitalises on coal prices while they are spiking and will not lead to anyone going "out of business".

ABC News

Queensland state budget 2022: modest coal royalty hike delivers little towards energy transition

Analysis: The first lift in coal royalties in 10 years will only provide a fraction of the windfall caused by high fossil fuel prices

The Guardian - AU

Coalmine fined $150,000 for cracking NSW sandstone formations millions of years old

Conservationists say fine will have ‘little impact’ for Centennial Coal which caused 15 cracks, with the largest 250 metres long

The Guardian - AU

Queensland state budget increases taxes on miners, big business to fund new hospitals and mental health services

Treasurer Cameron Dick hands down 2022 Queensland state budget with plans to hire 9,450 health workers

The Guardian - AU

Queensland budget handed down by Treasurer Cameron Dick, health the big winner with coal royalties increasing

Handing down his third budget, Treasurer Cameron Dick reveals Queensland will deliver a net operating surplus at the end of this month, thanks to surging coal and oil prices and a booming housing market.

ABC News

Why including coal in a new ‘capacity mechanism’ will make Australia's energy crisis worse

Australia’s electricity generators would be paid extra money to be available even if they don’t actually generate any energy, under a new mechanism proposed by the federal government’s Energy Security Board (ESB).

The Conversation

NSW state budget 2022: lessons learned from Coalition election losses

Budget addresses issues for women but economic factors will determine whether it can deliver on promises

The Guardian - AU

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Newcastle Herald

NSW budget: what's in it for Newcastle and the Hunter

Hunter coal mining royalties have helped fuel a massive spending spree as part of a 'once in a generation reform' state budget.

ABC News

Coal mine fined for 'unacceptable' damage to world-renowned NSW rock formations

A coal mining giant is fined $150,000 for causing surface cracks to rock formations estimated to be up to 10 million years old in NSW's Greater Blue Mountains, with fears more cracks will be discovered.

The New Daily

Paul Bongiorno: Peter Dutton still fighting the last election suits Labor

The unequivocal message voters sent the Coalition at the election is completely lost on new Opposition Leader Peter Dutton.

Asharq Al-Awsat

Europe May Shift Back to Coal as Russia Turns Down Gas Flows

Europe's biggest Russian gas buyers raced to find alternative fuel supplies on Monday and could burn more coal to cope with reduced gas flows from Russia that threaten an energy crisis in winter if stores are not refilled. Germany, Italy, Austria and the Netherlands have all signaled that coal-fired power…

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AAP

AEMO looks to end energy market suspension

The suspension of the national electricity market could end as soon as this week, under a path forward by the market operator.

The Guardian - AU

Environment report Coalition didn’t release paints ‘damning story of neglect’, Tanya Plibersek says

Minister will release five-yearly report which she says details ‘alarming story’ of native species extinction and cultural heritage loss

The Independent UK

Germany sticks to 2030 coal exit target amid energy worries

The German government says it remains committed to its goal of phasing out coal as a power source by 2030, despite deepening worries about a cut in Russia’s gas supplies

Radio France Internationale

Russia closing gas tap exposes French and German dependency on nuclear and coal

Fresh into a new mandate but without a parliamentary majority since legislative elections on Sunday, French President Emmanuel Macron will now have to hammer out an energy policy caught between the gas crisis caused by Russia's invasion of Ukraine and an increasingly vocal green movement. Germany faces similar problems.

StockNews.com

3 Top-Rated Stocks Still Up More Than 50% In 2022

The prospects of more aggressive interest rate hikes to fight the multi-decade high inflation and the fears of a subsequent recession have put the stock market under immense pressure. However, despite the current market downturn, fundamentally sound stocks RCM Technologies (RCMT), Alpha Metallurgical (AMR), and Urban One (UONEK) are up…

The New Daily

‘High-risk’ energy overhaul could prop up fossil fuels, experts warn

Australian consumers may end up paying to extend the lifespan of fossil fuels unless a planned overhaul of the electricity market is handled carefully.

Bangkok Post

Philippines moves closer to building world's largest solar project

Solar Philippines has submitted offers to contract most of its planned 10 gigawatts of projects, including the world’s largest, as the Southeast Asian nation seeks to meet rising demand for electricity while shifting away from coal.

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