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Greg Byrne, Downing; Ian Reed, QNP Mac and Gayle Shann from Cantaur Park with their Stephen Burnett Memorial Trophy for the most successful Beef, Carcass and Commercial Cattle Exhibitor at the Clermont Show Trent Johnston – QLD Axemans Association The Clermont Show Beef and Commercial Cattle Committee (L-R) Steve and Lizzie Burnett with Alan Guilfoyle for winning the Clermont Cattlemans Challenge Cattle King Title for 2017 Construction Port Ted Murphy with his $4000 Rib Fillet all proceeds went to charity. The Cattle Committee raised $30,000 for the RFDS dragline Aboutusgenericimage_3 mining Aboutusgeneric_1 (L-R) Mark Douglas, Steve and Andrea Skewes and Adrian Staatz with Warrie Glen Lewy and Warrie Glen Allie watching the final of the Working Dog Trials csg Aboutusgeneric_2
Greg Byrne, Downing; Ian Reed, QNP Mac and Gayle Shann from Cantaur Park with their Stephen Burnett Memorial Trophy for the most successful Beef, Carcass and Commercial Cattle Exhibitor at the Clermont Show Trent Johnston – QLD Axemans Association The Clermont Show Beef and Commercial Cattle Committee (L-R) Steve and Lizzie Burnett with Alan Guilfoyle for winning the Clermont Cattlemans Challenge Cattle King Title for 2017 Construction Port Ted Murphy with his $4000 Rib Fillet all proceeds went to charity. The Cattle Committee raised $30,000 for the RFDS dragline Aboutusgenericimage_3 mining Aboutusgeneric_1 (L-R) Mark Douglas, Steve and Andrea Skewes and Adrian Staatz with Warrie Glen Lewy and Warrie Glen Allie watching the final of the Working Dog Trials

Glencore cut backs
JOB losses and expansion reviews for Newlands, Oaky Creek & Collinsville mines.
Friday 27 February 2015  

ONE hundred twenty jobs will be lost from Glencore’s coal mines, and expansions planned for Newlands, Oaky Creek and Collinsville mines have been put on hold.

In a written statement last Friday, Glencore flagged the cutbacks saying they wanted: “to more closely align our coal output with current customer demand".

Glencore has not released exact details of which mines will be affected by the job losses, but given the company has 15 coal mines in Australia, the losses could equate to as few as eight jobs per site if they were spread evenly.

However, Glencore also said expansions at three Queensland coal mines were on hold, suggesting that local miners could be worse affected.

Glencore intends to cut coal exports from its Australian operations by 15 million tonnes this year, which roughly equates to about 10 per cent of current production.

The ongoing low prices for all grades of Queensland coal are almost entirely due to an oversupply onto the world market.

Although news out last week suggests demand could also be easing in China, our biggest trading partner.

According to statistics from the Chinese government, coal consumption and production fell by three percent last year - the first time it’s fallen in 14 years.

Conversely, consumption of oil and gas was up six per cent and nine per cent respectively, leading to some suggestions that the Chinese were switching to other sources of energy because of the lower prices.

China is now Australia’s biggest coal importer; however, prior to the GFC it had never imported any coal from Australia.


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