Swiss-based mining giant Glencore will suspend several coal mines across the Hunter Valley in New South Wales for at least two weeks as the coronavirus pandemic and Chinese government policies to avoid Australian coal cargoes hit demand for the commodity.
"These measures will enable us to align our production levels with market demand, while providing the flexibility to ramp back up as economies recover."Export prices for thermal coal, one of the country's top export commodities, have been sliding as the coronavirus-driven industrial downturn weighs on global energy demand. But the situation for exporters to China including Glencore has been made tougher this year following an escalation of Chinese import restrictions.
NickToscano1 Good let’s start taking back some power. Move towards industry that create jobs here and are cleaner.
NickToscano1 That'll make some happy.
NickToscano1 Same where it could be stop!
NickToscano1 Good. The earth can't take much more
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Source: SBSNews - 🏆 3. / 89 Read more »
'The most humble man I ever met': Tributes flow for late Dick ToothFormer Wallaby captain, all-round sportsman, pioneering orthopaedic surgeon and devoted family man, Dick Tooth, has died, aged 90. Who? Was he from the Aboriginal community? Or the European community?
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Government clarifies childcare advice as desperate parents scramble for answersThe government has changed the rules around restricted access to childcare for Melbourne families, making it clear only one parent needs to be a permitted worker in order to qualify. what a crap😂😂😂😂they should not talk about childcare😂😂😂 Define one permitted worker. It should be if you have a job and you are virus free - we need to be resilient and fight this lockdown - if not we will pay a higher price! coronaviris DanielAndrews lockdownextension auspol Soon most households won't have any workers period, just income support recipients and Govt employees funded by the better off that didn't die.
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Cormann calls on Clive Palmer to drop legal challenge to WA borderThe Finance Minister Mathias Cormann has personally called on mining magnate Clive Palmer to drop his constitutional challenge to West Australia's border restrictions. Got nothing. That's outrageous, Clive paid $80 million to get you elected and you do him like this? Mathias, finally saying something sensible.
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Rio Tinto did not tell traditional owners alternatives to blowing up sacred Juukan GorgeTraditional owners were only made aware of one mining option that led to the blasting of the Juukan Gorge caves despite Rio Tinto having three less damaging alternatives available. Traditional 'owners,' lol. Traditional owners should have had a person at the mining operation to ensure this didn't happen. *Less 'profitable'
Source: SBSNews - 🏆 3. / 89 Read more »
Rio Tinto blasted ancient Aboriginal caves for $135m of iron oreThe mining giant decided to destroy two 46,000-year-old Aboriginal rock shelters in Western Australia in order to access valuable iron ore. Rock shelters... Tell me we are not racist! Imagine if someone used the Mona Lisa for a shopping list! Who built the caves?
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