Australian coal miners buoyed by prices

THE rally in coal prices over the past 12 months has prompted a rush to restart mothballed mines, resume mine expansion plans and launch new mines in coal mining centres around the world. The coal industry upturn has created thousands of jobs and provided fresh hope to mining communities and families whose fortunes nose-dived as prices plunged in 2014.

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Coal will remain part of energy mix

COAL will form part of the energy mix required to ensure reliable provision of electricity for many years to come, according to Centennial Coal managing director and CEO David Moult, but a key to the industry’s growth will be the adoption of new technology to enhance mining practices and make coal a cleaner product.

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Tackling mining’s funding gap

In the face of turbulent commodity prices, conventional funding routes for mining companies have either closed or become problematic. Paul Mitchell, Falcon Group’s Australia and New Zealand Regional Head, explains how specialist financiers can help.

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