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Opportunities and challenges for the Pilbara amid the accelerating steel technology transition
Australia's Pilbara region has the potential to be a leading supplier of decarbonised iron, the critical material for green steel production, if it acts fast in the face of growing international competition.
Analysis
Australian coal miners should think carefully about what they do with their inflated cash balances
Australian coal miners have recently reported huge profits and cash flows off the back of the war in Ukraine. Miners should forget capacity expansions and instead use these strong cash flows to responsibly manage down existing operations,…
Analysis
ArcelorMittal: Green steel for Europe, blast furnaces for India
ArcelorMittal has a 2050 net zero emissions target and is planning to shift from blast furnaces to green hydrogen-based steelmaking in Europe and Canada, but is still building coal-consuming blast furnaces in India.
Report
HSBC joins major miners in turning away from further metallurgical coal mine development
It can now be expected over the coming years that more and more banks will stop providing finance for further metallurgical coal mining capacity, especially as it becomes ever clearer that alternative steelmaking technologies that don’t use…
Analysis
“Hard-to-abate” must not become code for delaying steel decarbonisation
The shift away from coal-based steelmaking has accelerated and will inevitably happen faster than expected, in common with other technology transitions. The phrase “hard-to-abate” may need to be retired sooner than people think.
Analysis
The UK’s new mine approval comes as steelmakers are accelerating the shift away from coking coal
The UK government’s decision to approve a new coking coal mine in Cumbria comes at the end of a year that has seen the European steel technology transition away from coal accelerate.
Analysis
Coal cost trends: Climate impacts on coal mining likely long term
CSIRO and the Bureau of Meteorology’s State of the Climate 2022 report has projected that Australia will experience “an increase in the risk of natural disasters from extreme weather, including ‘compound extremes’, where multiple extreme…
Analysis
Coal cost trends: Higher labour costs could continue into the long term
Record thermal coal prices following the invasion of Ukraine delivered Australia’s thermal coal producers record profits, debt reduction and returns to shareholders.
While much has been made of these returns in the latest financial reporting,…
Analysis
Peak profits are a memo to miners to swap out coal for critical minerals
Although the global energy crisis may extend the good times for Australian thermal coal miners, the prevailing high prices will eventually fall. Now is the time for producers to diversify by moving into future-facing commodities like copper…
Analysis
German steel giant tech breakthrough to steer industry away from coal
Multinational conglomerate ThyssenKrupp plans to replace its blast furnaces with low-carbon technology at Germany’s largest steelmaking plant, accelerating the low carbon steel technology transition.
Analysis
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