Latest news with #coalMining
ABC News
07-07-2025
- Business
- ABC News
BHP ordered to pay workers an average $30,000 more after defeat in landmark labour hire ruling
Mining giant BHP has been defeated in a landmark test of the federal government's "same job, same pay" laws and ordered to pay 2,200 of its Central Queensland coal miners an average of $30,000 more. Labour hire workers at BHP's Saraji, Peak Downs and Goonyella Riverside mines will now receive the same wages as their directly employed peers. It is the largest ruling relating to the coal mining sector since the Albanese government's "same job, same pay" laws came into effect last year. The laws require labour hires to be offered the same pay and conditions as full-time employees when doing the same work. If applied to all labour hires across its mines, the ruling could cost BHP around $1.3 billion a year, according to the Australian Resources and Energy Employer Association (AREEA). The Mining and Energy Union made the application to the Fair Work Commission and BHP had argued for an exemption on the grounds that the workers were providing a service, not labour, but its case was unsuccessful. That service contractor exemption was added to the labour hire laws in negotiations with AREEA in 2023, and the association has renewed calls for further amendments following this case. The mining union's Queensland president, Mitch Hughes, said the ruling was a significant win for coal workers and marked a "nail in the coffin for BHP's sham labour hire model". "If you are doing the same job as the person beside you, you deserve the same pay," he said. "What we'd like to see is the likes of BHP and mining companies turn these jobs into permanent jobs." BHP has been contacted for comment but has previously warned such a ruling could put thousands of jobs at risk. The decision marks the seventeenth successful application for the union.
Yahoo
30-06-2025
- Business
- Yahoo
Why Core Natural Resources Stock Topped the Market Today
The company provided an update of the longwall operations at one of its mines. This followed a shutdown arising from what it called "a combustion-related event." 10 stocks we like better than Core Natural Resources › A business update provided by Core Natural Resources' (NYSE: CNR) provided plenty of energy for its stock on Monday. Shares of the coal miner popped by nearly 3% that day as a result and make the stock look rather good when comparing its performance to the 0.5% lift of the S&P 500 index Core provided an update on its longwall operations at the Leer South mine in West Virginia. For those unfamiliar, longwall mining is a modern extraction method in which a long face of coal is mined in one single, large slice by a specialty machine called a shearer. The company said that it has shut the mine for the second time, following a closure at the start of this year due to what it termed "combustion-related activity." Earlier this month, Core officials reentered the sealed area of the facility, finding that the longwall equipment was "largely unaffected" by the event. In its press release on the matter, Core said that an increase in carbon monoxide levels necessitated the second shutdown. It added that it "is working closely with federal and state officials on a plan to recover and reposition the longwall equipment in an effort that is expected to be completed within four months." While investors surely weren't happy about Leer South's continuing difficulties, they were comforted by Core's assertion that the problems shouldn't affect overall mining volume of a key product. In the press release, the company reiterated its full-year coking sales volume forecast. It pledged to update this in its second-quarter earnings release, scheduled for August. A mine shutdown is a concerning event, so even with that guidance remaining unchanged the situation at Leer South could be better (to put it gently). I'm not so sure I'd be racing to buy Core stock these days. Before you buy stock in Core Natural Resources, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Core Natural Resources wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $713,547!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $966,931!* Now, it's worth noting Stock Advisor's total average return is 1,062% — a market-crushing outperformance compared to 177% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Core Natural Resources Stock Topped the Market Today was originally published by The Motley Fool
CTV News
11-06-2025
- CTV News
100th Davis Day held in Cape Breton on anniversary of coal miner's death
The 100th anniversary of Davis Day is marked at the Davis Square in New Waterford, N.S. (CTV Atlantic / Ryan MacDonald) Davis Day is commemorated every year in Nova Scotia on June 11 to remember a deadly riot that proved to be pivotal for workers' rights in Canada. One hundred years to the day after the death of Cape Breton coal miner William Davis, hundreds of people gathered at Davis Square in New Waterford, N.S., Wednesday to mark the centennial. A large contingent of Davis's descendants were in attendance, including a great-grandson who bears his name. 'My dad was William Davis, I'm William Davis, my son is William Davis, my grandson is William Davis,' said Bill Davis, who came from Connecticut for his first Davis Day since the 80th anniversary in 2005. 'I think he'd be very proud of all the family that was here today, and the last few days, how we've come together as a family to celebrate him and remember him,' said Davis's granddaughter Norma MacDonald. Davis Day The 100th anniversary of Davis Day is marked at the Davis Square in New Waterford, N.S. (CTV Atlantic / Ryan MacDonald) William Davis, a 37-year-old father of nine, was shot and killed by coal company police during a workers' protest. Davis Day has been marked each June in coal mining communities across Nova Scotia ever since – to not only honour the miner's memory but to raise awareness about safety on the job and workers' rights. In 1985, on the sixtieth Davis Day, ATV News reporter Greg Boone – who attended Wednesday's centennial commemoration – spoke with William Davis' son Bobby Davis at the coal miner's grave in Union Grove Cemetery. The Bobby Davis said he was thirteen years old at the time his father was shot. '(A man) just told me 'Come on with us,' and when he got us home he told us all that there was an accident and father was killed,' Bobby Davis told Boone. Davis Day The 100th anniversary of Davis Day is marked at the Davis Square in New Waterford, N.S. (CTV Atlantic / Ryan MacDonald) On Wednesday, those who worked in the coal mines spoke about how Davis and others who fought for miners' rights helped lead to more equitable wages and safer working conditions. 'There was some major accidents and yes people lost their lives but there were other incidents where some were saved on account of the safety measures they took in the mines,' said John MacLeod, a retired coal miner and current member of the Men of the Deeps. Though coal mining in the Maritimes isn't the industry it once was, Nova Scotia NDP leader Claudia Chender said some of the lessons from that fateful day 100 years ago still apply. 'We heard about the Westray Law at the federal level and the need for that law to actually be used, so I think we remember all of that on a day like today,' Chender said. Click here for a photo gallery of a ceremony for the 100th anniversary of Davis Day at the Davis Square in New Waterford, N.S. For more Nova Scotia news, visit our dedicated provincial page
CTV News
06-06-2025
- Business
- CTV News
A look at selenium as exploratory drilling gets green light
Calgary Watch Recent approval for exploratory drilling at the Grassy Mountain coal mine has brought a lot of public debate, specifically over the potential for selenium.
E&E News
12-05-2025
- Politics
- E&E News
House to vote on land, water, fisheries and coal bills
The House will vote on a slate of natural resources and water bills this week, including one dealing with mine reclamation and another to expedite certain Interior Department appeals. H.R. 167, the 'Community Reclamation Partnerships Act,' from Rep. Darin LaHood (R-Ill.), would protect third-party groups from liability if they take part in cleaning up old, abandoned coal mines. LaHood's bill would amend the Surface Mining Control and Reclamation Act of 1977 to authorize states and nongovernmental entities to work together to restore land and water affected by coal mining before the law passed. Advertisement As it stands, states are responsible for cleaning up old mines using money from the abandoned mine lands fund, which is supported by fees that coal operators pay. Groups that want to pitch in are often deterred by potential liability.
