{"id":611,"date":"2014-11-27T08:20:34","date_gmt":"2014-11-26T21:20:34","guid":{"rendered":"http:\/\/www.bnmme.com.au\/?p=611"},"modified":"2014-11-27T08:20:34","modified_gmt":"2014-11-26T21:20:34","slug":"glencore-and-peabody-to-merge-hunter-valley-coal-mines","status":"publish","type":"post","link":"https:\/\/yinghuiinternational.com\/index.php\/2014\/11\/27\/glencore-and-peabody-to-merge-hunter-valley-coal-mines\/","title":{"rendered":"Glencore and Peabody to merge Hunter Valley coal mines"},"content":{"rendered":"

\"wambo_300\"<\/a>Glencore and Peabody Energy have agreed to jointly manage the nearby Wambo and United coal mines in the Hunter Valley, the first joint venture of its kind in the region.<\/p>\n

The 50-50 joint venture will combine Wambo’s open cut mining operations with United’s adjacent reserves and is expected to kick off in 2017.<\/p>\n

Glencore will manage the combined mining operations and Peabody will continue to operate coal washing and loading facilities.<\/p>\n

In a statement released today, Peabody said the JV will deliver significant synergies by improving productivity, cutting costs and extending the life of both mines.<\/p>\n

“Peabody continues to take positive steps to further reduce costs, improve our competitive position and create value,” said Peabody Energy president and chief operating officer Glenn Kellow.<\/p>\n

Kellow said the combined operation will provide ongoing local employment opportunities and economic contribution.<\/p>\n

With coal prices expected to remain lacklustre moving into 2015, some industry analyst predict it will become more common for miners to pool their resources in this way.<\/p>\n

In Queensland, Peabody\u2019s Millenium mine entered into an agreement to share infrastructure with to BHP Mitsui Coal\u2019s Poitrel project through the Red Mountain joint venture.<\/p>\n","protected":false},"excerpt":{"rendered":"

Glencore and Peabody Energy have agreed to jointly manage the nearby Wambo and United coal mines in the Hunter Valley, the first joint venture of its kind in the region. The 50-50 joint venture will combine Wambo’s open cut mining operations with United’s adjacent reserves and is expected to kick off in 2017. Glencore will … Continue reading “Glencore and Peabody to merge Hunter Valley coal mines”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6],"tags":[],"class_list":["post-611","post","type-post","status-publish","format-standard","hentry","category-mines-and-quarry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p83F9T-9R","jetpack-related-posts":[{"id":2320,"url":"https:\/\/yinghuiinternational.com\/index.php\/2017\/04\/06\/peabody-arises-from-bankruptcy\/","url_meta":{"origin":611,"position":0},"title":"Peabody arises from bankruptcy","author":"yinghui","date":"April 6, 2017","format":false,"excerpt":"Peabody Energy has come out of Chapter 11 bankruptcy and will begin trading in the New York Stock Exchange under the ticket symbol BTU. The company filed bankruptcy last year to reduce its debt amid the weakened coal market. At the time, it highlighted \u201cindustry pressures in recent years including\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1646,"url":"https:\/\/yinghuiinternational.com\/index.php\/2016\/07\/13\/bids-begin-for-glencore-coal-rail-assets\/","url_meta":{"origin":611,"position":1},"title":"Bids begin for Glencore coal rail assets","author":"yinghui","date":"July 13, 2016","format":false,"excerpt":"Initial bids for Glencore\u2019s Hunter Valley rolling stock and haulage assets are rolling in. Three major logistics companies \u2013 Aurizon, Pacific National, and Genesee Wyoming \u2013 are understood to have begun placing bids for the assets earlier this week, according to the AFR. While a price is yet to be\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"glencore_5.JPG","src":"https:\/\/i0.wp.com\/d9lhxyivbnow1.cloudfront.net\/wp-content\/uploads\/2016\/04\/06050452\/glencore_5-604x270.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/d9lhxyivbnow1.cloudfront.net\/wp-content\/uploads\/2016\/04\/06050452\/glencore_5-604x270.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/d9lhxyivbnow1.cloudfront.net\/wp-content\/uploads\/2016\/04\/06050452\/glencore_5-604x270.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":956,"url":"https:\/\/yinghuiinternational.com\/index.php\/2015\/08\/28\/956\/","url_meta":{"origin":611,"position":2},"title":"The 100 worst performing miners","author":"yinghui","date":"August 28, 2015","format":false,"excerpt":"Taking a look at the 100 worst performances of miners (excluding microcaps) on the NSYE, LSE, TSX and ASX on Monday confirms the view. The top ten of the losers on Monday were a broad slice of the mining sector. Glencore \u2013 a diversified miner \u2013 was down 13%, putting\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":754,"url":"https:\/\/yinghuiinternational.com\/index.php\/2015\/01\/03\/consortium-to-develop-30-mty-tavan-tolgoi-coal-mine\/","url_meta":{"origin":611,"position":3},"title":"Consortium to develop 30 Mt\/y Tavan Tolgoi coal mine","author":"yinghui","date":"January 3, 2015","format":false,"excerpt":"It is widely reported that a consortium of China\u2019s Shenhua Energy, Japan\u2019s Sumitomo and Mongolia\u2019s Energy Resources (a subsidiary of Mongolian Mining Corp) has won the tender to develop the 7,400 Mt Tavan Tolgoi coal deposit in Mongolia, though none of the companies\u2019 websites currently carry any announcement. The consortium\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1601,"url":"https:\/\/yinghuiinternational.com\/index.php\/2016\/07\/04\/visual-capitalist-outlines-how-coal-from-hero-to-zero-in-only-five-years\/","url_meta":{"origin":611,"position":4},"title":"Visual Capitalist outlines \u201chow coal from hero to zero\u201d in only five years.","author":"yinghui","date":"July 4, 2016","format":false,"excerpt":"There was a time in the not so distant past that coal was the unquestioned all-star of the energy mix. Just over a decade ago, coal-fired power generated more than 50% of U.S. electricity. Coal is cheap and found almost everywhere, but it\u2019s also extremely easy to scale with. 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Australian benchmark contract prices for high-quality metallurgical coal settled at $US120 in the\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts\/611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/comments?post=611"}],"version-history":[{"count":0,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts\/611\/revisions"}],"wp:attachment":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/media?parent=611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/categories?post=611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/tags?post=611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}