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Tag: thermal coal

Blackwater-Mine

Global coal buildout puts thermal trade in focus

A new report says countries added near-record coal-fired capacity in 2025 though actual coal generation fell.    

The Queensland Resources Council has described coal as Queensland’s most important export. State Government figures list coal exports worth around $45.8 billion for the 12 months to May 2025. 

The Global. . .

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Briefly in mining news

Great Northern Minerals Limited has received the four metre composite results from the recently completed reverse circulation (RC) drilling program at Camel Creek north west of Townsville.

Related: Great Northern keen to keep drilling at Camel Creek

The drilling program comprised a total 15 RC holes for 3262 metres, with three of these (401 metres) being drilled as diamond hole precollars.

The drill program was designed to. . .

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Westpac withdraws support for thermal coal

Westpac says it will reduce its thermal coal investments to zero by 2030 as part of its policy on climate change.

In its 'Climate change position statement for 2023' published this week, Westpac said it was committed to managing its business in alignment with the Paris Agreement and the need to transition to a net zero emissionseconomy by 2050.

It would ensure its financing of the electricity generation sector was in line with this commitment, the company. . .

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