Whitehaven Coal has acquired two metallurgical coal mines in Queensland from BHP Mitsubishi Alliance (BMA). The sale signals optimism about demand for Australian metallurgical coal that will prove misplaced in the long term.
BlueScope Steel to reline coal-fired blast furnace at Port Kembla, reports $1b after tax profit abc.net.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abc.net.au Daily Mail and Mail on Sunday newspapers.
As supply from Illawarra mines declines, a $182-million upgrade to BlueScope's Port Kembla coal berths will allow the steelmaker to import coal from Queensland.