It sounds about right because if I read correctly your only buying the house and not land. I’ve seen houses go for free because it saves the builder demolition costs.
Contracts are rolling out…..
This maybe a silly question but why don't the mining companies buy up the houses in mining towns ?
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It's good to see contracts being awarded. A very strong indication that the project will go forward. It will be interesting to see where the water for the mines will come from as things progress. Hopefully water can be sourced or retained without causing conflict with the local communities. Here's some bad Christmas news for coal miners near Moranbah…the region certainly needs some good news from the Galilee Basin to lift spirits. Maybe some of these earth movers could be employed digging some large dams to retain flood water.
http://www.dailymercury.com.au/news/more-100-miners-sacked-moranbah-mine-site/1688975/
I think Gina already has her water solution by the looks of things Tony…..
http://www.cqnews.com.au/news/producers-alarmed-as-water-allocations-sold/1507717/
Opportunities still about even in this depressed climate……
http://www.cqnews.com.au/news/investment-in-a-whole-lot-of-coal/1688559/
You're probably right Jack, Gina possibly has all the water she needs locked up, but the other mines and support industries will require more. Somebody better start digging dams, or a water war is on the horizon. And the following article probably should go on a thread for the Hunter Valley, but I'll post it here, as it shows that the demand for coal is still high. Note that the article mentions Record shipments of thermal coal from the Hunter in the last few months, and the fact that increasing infrastructure is continuously being developed to transport even more coal is a healthy sign for the future of the industry.
http://www.miningaustralia.com.au/news/new-$110m-coal-train-facility-opens-in-the-hunter
Hey Tony……don't you worry about King Coal mate
http://www.mining.com/coal-to-challenge-oil-as-main-source-of-energy-by-2017-28770/
Wow! Very interesting analysis of the demand for coal. Funny how they mention the increased use of gas in the U.S. ends up creating a higher demand for coal. Go figure! The second article mentions plans for expansion of western ports in the U.S. to increase exports of coal. Those hoped for expansions are intended to take place in the states of Washington and Oregon. I just came back from there a few weeks ago. There is a lot of opposition to those plans, including all the heavily populated communities along the proposed rail lines. They want to transport from Dakota. I think it is highly unlikely that those plans will be realized.
http://www.frasercoastchronicle.com.au/news/deal-look-direct-flights-region-coal-company/1691678/
GVK/Hancock are lining up flights for FIFO to Alpha.
Now the Chinese are planning a huge mine in the Galilee!
http://www.dailymercury.com.au/news/chinese-mining-company-plans-dwarf-cq-mines-5b-pla/1692079/
moxi10 wrote:Now the Chinese are planning a huge mine in the Galilee!http://www.dailymercury.com.au/news/chinese-mining-company-plans-dwarf-cq-mines-5b-pla/1692079/
Well…this might have something to do with it!
Still a lot of legs left in the coal story………
I found this article in yesterdays Mackay news concerning proposed dredging at Abbot Point. It has been published as debate is occurring in Gladstone over the impacts of dredging there. I've attached an article concerning this from the Gladstone Observer.
http://www.dailymercury.com.au/news/dredge-spoil-to-be-dumped-in-great-barrier-reef-wa/1706770/
http://www.gladstoneobserver.com.au/news/report-accuses-dredges/1706828/
Public consultation has been sought for a 900 MW clean coal fired power station near the town of Alpha :
http://www.dlg.qld.gov.au/resources/project/galilee-basin-power-station/gbps-dtor.pdf
http://www.dlg.qld.gov.au/assessments-and-approvals/galilee-basin-power-station.html
Initial investment is estimated to be at $1.25 billion.
I wouldn't mind a piece of that !
China to growth to rise to 8.6% in 2013 according to HSBC. Explains recent elevated movements in Iron Ore and Coal……
http://www.mining.com/china-set-to-make-biggest-ever-contribution-to-global-growth-in-2014-28970/
Hi Jack
You mention positive movements in coal prices. Here is an update (looking good) on a link I copied which you previously supplied. I've had trouble finding any other sources for info on coal prices. Iron ore obviously grabs the limelight presently. Do you have any other info?
http://www.indexmundi.com/commodities/?commodity=coal-australian
Here's an interesting article which I missed when published Dec. 5th. I was previously aware of the proposal to build a railway linking Queensland's coal fields to WA's iron ore fields, but it's encouraging to note progress being made in the form of a feasibility study being commissioned. The mention of $30 million being committed to the study indicates that there is serious interest in the concept.
http://www.miningaustralia.com.au/news/can-we-build-a-$50-billion-link-between-qld-coal-a
Hi Tony,
Other than what I've posted, I've yet to find other coverage regarding coal prices however, I'm sure its available.
Some good news for Emerald. I've been waiting for this project to start ramping up and it looks like it's starting to get some legs……
http://www.warwickdailynews.com.au/news/bandanna-energy-mine-plans-leap-billion-dollar-mar/1718193/
I've had a look at this Project Iron Boomerang some time ago. If it ever gets off the ground…..it will be absolutely incredible. There's been some pretty serious modeling completed on the project so I guess people are seriously looking at it.
http://www.youtube.com/watch?v=http://www.eastwestlineparks.com.au/project_iron_boomerang.php
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