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Mackay
Mar 21, 2025
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clear sky
Wind: 21 Km/h
Sunrise: 6:30 am
Sunset: 5:46 pm

Business

Mackay named in Wotif’s 2025 Top Towns

Mackay has been named in Wotif’s 2025 Aussie Town of the Year Awards, recognising it as a top travel destination for affordability, quality, and traveller satisfaction.

Peabody acquires top steelmaking coal assets

What’s Happening? Peabody Energy has announced its acquisition of four Tier 1 metallurgical coal mines from Anglo American in Queensland’s Bowen Basin for $2.32 billion. The transaction, expected to close by mid-2025, will significantly expand Peabody’s Australian operations and establish it as a leading seaborne metallurgical coal producer. These assets are integral to Peabody’s strategy to increase its focus on premium steelmaking coal for the Asian market. Why It Matters? This acquisition enhances Peabody’s position as a supplier of high-quality metallurgical coal, critical for global steelmaking. The transaction is projected to generate strong cash flow and operational synergies, while improving the company’s financial profile. CEO Jim Grech remarked, “This transformative transaction presents a rare opportunity for Peabody to acquire premier

Cane Industry awaits STL Election outcome

Queensland cane growers united for a critical Sugar Terminals Limited (STL) election at the 2024 AGM. With voting now concluded, the results will shape the future of Australia’s sugar export industry.

Mackay named in Wotif’s 2025 Top Towns

Mackay has been named in Wotif’s 2025 Aussie Town of the Year Awards, recognising it as a top travel destination for affordability, quality, and traveller satisfaction.

Peabody acquires top steelmaking coal assets

What’s Happening? Peabody Energy has announced its acquisition of four Tier 1 metallurgical coal mines from Anglo American in Queensland’s Bowen Basin for $2.32 billion. The transaction, expected to close by mid-2025, will significantly expand Peabody’s Australian operations and establish it as a leading seaborne metallurgical coal producer. These assets are integral to Peabody’s strategy to increase its focus on premium steelmaking coal for the Asian market. Why It Matters? This acquisition enhances Peabody’s position as a supplier of high-quality metallurgical coal, critical for global steelmaking. The transaction is projected to generate strong cash flow and operational synergies, while improving the company’s financial profile. CEO Jim Grech remarked, “This transformative transaction presents a rare opportunity for Peabody to acquire premier

Cane Industry awaits STL Election outcome

Queensland cane growers united for a critical Sugar Terminals Limited (STL) election at the 2024 AGM. With voting now concluded, the results will shape the future of Australia’s sugar export industry.