Member Info for Gertfrobe

Fraser has started up his own distillery, perhaps the £1m / year to look after a field is not enough.

Guess who's back,
Shady's back.

Don’t get too excited .

Speaking at a Bank of America Merrill Lynch global metals, mining and steel conference on Tuesday, he noted that thermal coal assets in SA and Colombia delivered just 1% of the group’s earnings before interest, tax, depreciation and amortisation

NeverSayNever1
“very resourceful, efficient, well managed”

A coronial inquest into the death of a central Queensland miner who suffocated on lethal gas has found operator Anglo American's record keeping was "grossly deficient" and his death could have been avoided.

Key points:

Father-of-two Paul McGuire died after accessing an underground area filled with methane
Coroner David O'Connell found failures in the mine's job card system
Six coal miners and two quarry workers have been killed on Queensland mine sites since 2018
The company was at the centre of another major incident earlier this month, when five workers were injured in an underground explosion at its Grosvenor mine, which is also in the Bowen Basin.

Electrician Paul McGuire was sent to an underground area of the Grasstree coal mine near Middlemount in May 2014 to calibrate a gas monitor.

But the mine's electronic job card system sent the 34-year-old to an out-of-date location.

An inquest held in Mackay in February heard that Mr McGuire opened a hatch to the sealed room and suffocated on methane gas in a disused area known as a "goaf".

The father-of-two died almost instantly.

MELBOURNE, May 20 (Reuters) - Australia’s Queensland state passed new mine safety laws on Wednesday that would see company executives jailed for up to 20 years if workers die due to criminal negligence, following a spate of mine deaths.

The legislation extended industrial manslaughter laws to the mining sector, as part of a package of safety and other reforms for an industry that employees 50,000 people in the state.

“This offence sends the clear message to employers and senior officers that the safety and health of their workers is paramount,” the state’s mines minister Anthony Lynham said in a statement.

“In the past two years we’ve had eight workers die, and a gas explosion in an underground coal mine has put five miners in hospital. It’s not acceptable,” he said.

Four of the five workers injured in the explosion at Anglo American’s Grosvenor coal mine on May 6 are still in a critical condition.

Anglo American declined to comment on the new legislation. The Grosvenor mine remains closed while the company and regulators investigate the incident.

The reforms, due to come into effect from July, include the establishment of a new health and safety regulator, and require people in critical safety roles in coal mines to be employees, not contract workers, to help them raise safety issues.

Queensland has launched an independent mine safety Board of Inquiry into a coal mine explosion that caused serious injuries to five miners at Anglo American’s Grosvenor mine outside Moranbah last week. Mines Minister Dr Anthony Lynham said the board will be led by a retired judge or Queens Counsel and will be able to conduct public hearings, call witnesses and make broad inquiries, findings and recommendations relating to the explosion. He said “Last week’s underground gas explosion is something the industry has not experienced for more than quarter of a century. An underground gas explosion in a coal mine is simply unacceptable in the 21st century. The last mine gas explosion occurred at Moura No 2 in 1994, which killed 11 people. “The inquiry reports that followed those tragedies recommended safety measures that still protect mine workers today and that have no doubt prevented further incidents and saved lives over the past two decades. This latest board of inquiry is an opportunity to continue this government’s sweeping reforms to protect mine workers.”

JOHANNESBURG - Platinum-mining supply was expected to lose its momentum this year due to the shutdowns to control the Covid-19 spread and repairs to the converter plant owned by Anglo American Platinum (Amplats), the World Platinum Investment Council (WPIC) said in a report published on Friday.


WPIC chief executive Paul Wilson said domestic platinum-mining supply would likely fall by 753 000 ounces this year, with at least 500 000 ounces of the reduction due to repair downtime at the Amplats converter plant, and the balance due to Covid-19-?related mining industry shutdowns.

“Mining shutdowns to prevent the spread of Covid-19 are expected to reduce platinum-mine supply by 253 000 ounces in 2020, yet this reduction will be eclipsed by the smelting outage, reducing refined platinum production in 2020 by 500 000 ounces,” Wilson said, adding that primary platinum mining and primary smelting was not affected by the outage.

Wilson said mining output built up during the converter-repair downtime was expected to take nearly two years to be processed at existing facilities.

“In this day and age there are plenty of people who would take some of your posts to their local police. Fortunately for you: a. I imagine there are very few people who even read a board like this any more; and b. most Australians can let that sort of sh*t slide.“
Growup please provide the time and date of this post.

Captain Stanley would you like to debate any of my posts on AAL ?

Do you believe a gas explosion in an AAL coal mine in 2020 is acceptable ?

Reuters Reuters13 May 2020
OSLO (Reuters) - Norway's $1 trillion sovereign wealth fund said on Wednesday it was excluding Glencore , Anglo American , RWE , Sasol and AGL Energy for their use and production of coal under updated ethical guidelines.

Goldman Sachs today reaffirms its buy investment rating on BT Group PLC (LON:BT.A) and cut its price target to 160p (from 170p).

MELBOURNE (Reuters) - Australia’s Queensland on Monday ordered an independent enquiry into an explosion at a coal mine run by Anglo American in the state that last week critically injured five workers.

The accident took place 15 months after another Anglo American worker was killed at a nearby mining complex and comes just months after a review called for tighter regulation of the sector that has seen at least 48 deaths since 2000.

The probe will be led by a retired judge or Queens Counsel who will be able to conduct hearings, call witnesses and make broad inquiries relating to the blast, state mines minister Anthony Lynham said.

“An underground gas explosion in a coal mine is simply unacceptable in the 21st century,” Lynham said in a statement.

“This latest board of inquiry is an opportunity to continue this government’s sweeping reforms to protect mine workers.”

Miners remained in critical condition after suffering burns to their upper bodies and airways following the blast, local media reported.

Causal this accident happened yesterday ,the five miners were badly injured .
The mine is now closed.

AN explosion at a coal mine run by Anglo American in Australia’s Queensland state has injured five people and halted production, said Reuters citing the UK-listed mining group.

Those hurt in the accident at Anglo’s Grosvenor metallurgical coal mine in central Queensland’s Bowen Basin have been transported to hospital, and all of their families have been contacted, said Anglo American in a statement.

“All remaining on site personnel have been accounted for. The mine is in the process of being evacuated and operations stopped,” it said.

Blast at Anglo American coal mine in Australia injures five

MELBOURNE (Reuters) - An explosion halted production on Wednesday at a coal mine run by Anglo American in Australia’s northeastern state of Queensland, injuring five people just months after a review of the industry called for better regulation.

The incident is the company’s second in 15 months in the area, after a miner died and four were injured at an adjoining complex in February last year in an underground accident that halted operations for four days.

“The mine is in the process of being evacuated and operations stopped,” Anglo American said, adding that those injured at its Grosvenor metallurgical coal mine in the central Bowen Basin had been taken to hospital, and their families told.

Toff go and see a doctor.

Jefferies International BT.A
Reiterates
Buy
Buy
260.00p

Toff it’s time to pack it in, you have the forecasting ability of Michael Fish.

“If there’s one thing I should have learnt from trading stocks - it’s to avoid dividends. Dividends bring nothing but grief. You pay for the dividend 3 or 4 times over with capital loss. Dividends are a reason to avoid a share. especially if it’s over five percent.

With one noticeable exception- Shell

Toff”

ToffAppleton1
Posted in: CNA
Posts: 675
Price: 30.00
No Opinion
RE: Critical Support Level @30p22 Apr 2020 09:26
Another all time low.
And more disturbingly the critical 30p level broken.
I predicted once it broke that support level it would tumble to the low twenties quickly.

And I’m sticking by my prediction

Centrica@20p

Toff

https://www.lse.co.uk/profiles/lamtree/
Lamtree red card.