Today
Activist target Whitehaven Coal suffers first strike
Close to 40 per cent of investors voted against the coal miner’s remuneration report as the battle with activist investor Bell Rock continues to rage.
- 30 mins ago
- Aaron Patrick and Peter Ker
Yesterday
- Updated
- Activist shareholders
Whitehaven accuses Bell Rock of controlling twice the shares it claims
But the Takeovers Panel has declined a request from the coal miner to disqualify votes cast by the hedge fund at its annual meeting scheduled for Thursday.
- Peter Ker
This Month
Whitehaven investor sells $157m worth of stock after BHP win
Someone on Whitehaven Coal’s register isn’t too happy about the ASX-listed miner clinching a deal to buy BHP’s Daunia and Blackwater coal mines for $US3.2 billion.
- Sarah Thompson, Kanika Sood and Emma Rapaport
BofA, Jefferies bankroll Whitehaven’s winning bid for BHP coal
Bankers and investors will now be shifting their focus to other sizeable coal mines that have been expected to come up for sale.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Whitehaven’s $6b coal deal is about taking risk off the table
A deal to buy two Queensland mines from BHP is a potential game changer for the coal-mining company.
- Updated
- James Thomson
Whitehaven set to win BHP’s Queensland coal auction
Done deal: Whitehaven wins BHP Queensland coal mines
- Sarah Thompson, Kanika Sood and Emma Rapaport
NSW vows to slash emissions by 50pc by 2030
Energy Minister Penny Sharpe insists the state will hit its targets even if it strikes a deal to keep the Eraring power station open.
- Samantha Hutchinson
Whitehaven activist targets executive pay but proxies back board
Whitehaven boss Paul Flynn’s pay is the new battleground in the battle with activist investor Bell Rock, but proxy advisors have thrown support behind the miner.
- Peter Ker
Australia’s critical minerals list set for a major rethink
Coking coal and iron ore could be added to Australia’s critical minerals list under a definitional change hinted at by Resources Minister Madeleine King that bucks the global trend.
- Peter Ker
UBS valuations on up-for-sale BHP mines excessive, says Bell Rock
The secretive London fund says it does not want a situation where Whitehaven uses a high valuation “to sell a bad deal”.
- Kylar Loussikian and Peter Ker
Palaszczuk ‘full steam ahead’ on renewables despite blowout risks
The Palaszczuk government has committed $62 billion to wean the state off fossil fuels, but fears have been raised about cost blow-outs on the mega-projects.
- Mark Ludlow
Electric trucks may be 33pc less productive than diesel
Electric trucks will likely spend less time on the road and carry less rock than diesel competitors, forcing miners to spend big to offset productivity losses.
- Updated
- Peter Ker
South32’s Eagle Downs partner Baowu tests interest
As BHP’s auction for Daunia and Blackwater gets to the pointy end, owners of other coal assets in the M&A pipeline are starting to get their ducks in a row.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Coal power hits record low amid summery spell
The fresh low for electricity from coal came as demand for grid power also hit a new low, compounding the pressures from renewables on traditional generators.
- Angela Macdonald-Smith
Coal shipments have worst August for five years
Demand for Australian exports is expected to pick up from September as countries in the northern hemisphere stock up ahead of winter.
- Elouise Fowler and Joshua Peach
September
Thermal coal climbs as Russia-Ukraine war rolls into its second winter
Twelve months after prices hit unprecedented highs above $US400 a tonne, coal markets are starting to prepare for a cold snap in Europe.
- Updated
- Joshua Peach
Czech investor ‘excited’ to be coal-fired power’s white knight
Sev.en has cast shade on rival generators saying it is willing to help Australian governments avoid blackouts by extending the life of coal-fired power stations.
- Peter Ker
- Opinion
- Chanticleer
Meet the Czech billionaire betting big on Aussie coal
Pavel Tykac’s purchase of a 51 per cent stake in ASX miner Coronado Global Resources shows there’s still huge money to be made in coal’s final decades.
- James Thomson
Coronado’s Czech suitor studying more steel, power acquisitions
Czech group Sev.en is studying potential steel acquisitions that could complement this week’s raid on the majority stake in coking coal miner Coronado.
- Peter Ker
Ceasefire in insurers’ war on coal: New Hope
Rob Bishop says mainstream insurers are more supportive of coal miners, a sign that corporate appetites for acting on climate change may have receded.
- Peter Ker
