First Australian coal cargoes arrive in China, await customs clearance
At least two vessels carrying Australian coal have arrived in China for the first time since an unofficial ban on imports was introduced more than two years ago
Fortescue drops $1 billion term loan raising
Australia’s Fortescue Metals said on Thursday that due to weak credit market conditions it had dropped plans to proceed with a previously announced $1 billion unsecured term loan facility. The loan was launched in the United States on Monday by JP Morgan , according to Loan Pricing Corp, a Reuters news service. It was syndicated in the range of 375-400 basis point over London Interbank Offered Rates (Libor), it said.
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BHP halts Western Australia iron ore operations for a day after worker dies
Western Australia police have showed up on the site and BHP has informed safety regulators of the incident.
Phasing out coal in some places may increase consumption in others – study
Countries phasing out coal from electricity risk pushing the excess supply into other industries or other countries.
Australia rejects first coal mine under environmental law
Country has blocked a major mine proposed near the Great Barrier Reef under environmental laws.