Anglo expects binding offers for Australian coal assets by mid-November

China mined a total of 4.66 billion tons of coal in 2023, a record high.

The state-owned miner has already won approval for 4.7 gigawatts of generation to be built over the next six to seven years.

The Quintette mine operated for 18 years until the previous owner, Teck Resources, closed it in 2000 due to a decline in coal prices.

The mine, in the Hunter Valley region, was placed on care and maintenance in late 2006 because of operational difficulties and lower coal prices.

The current government’s plans regarding the ownership of coal mines and polluting power plants aren’t clear.

The government’s growth target for the year looks increasingly out of reach, an unwelcome development for the drillers and miners.

Hall’s efforts resulted in legal settlements that provided back pay to women who had been denied jobs and secured future hiring commitments from mining companies.

Underlying earnings came in at $380 million, compared with $916 million a year ago.

Analysts have found that fund managers are increasingly including oil, gas and mining stocks in portfolios that are registered as ESG.