Arising from the blindside cash grab being perpetrated by the Queensland Government against the coal industry in Queensland, there may be some potential concessions for producers on their insurance programs.
Mining
Aussie coal in record demand: banks and insurers must back the mining industry as it blossoms
It’s a big call, but we’re sure it’s true.
The outlook for the Australian mining industry has never been stronger, and the numbers are clear.
Government backed insurance captives/mutuals for the coal industry: silver bullet or fantasy?
Over the last 2 years, CRE has seen several insurance participants promoting and lobbying for a captive or mutual solution for the coal sector to help reduce costs and ease coverage acceptance.
So what are these silver bullets for the coal industry and how could they work?
CRE Insurance Market Update: July 2022
Now we are through the full Financial Year for 2022, we lift our eyes to the year ahead having generally overcome a lot of market challenges in the last couple of years; now to only face even more.
Queensland Coal Mining Board of Inquiry Report – What comes next?
Focus: Methane Events and Labour Hire engagement in Safety
The Queensland Government established the Board of Inquiry (Board) in May 2020 after a serious accident at the Grosvenor mine, and a series of other high potential incidents (HPIs) at underground mines in the State between 1 July 2019 and 5 May 2020.
The Board was tasked with examining methane exceedance HPIs at Grosvenor, Grasstree, Moranbah North, and Oaky North underground coal mines.
As part of its work, the Board also considered the impact of labour hire in the mining industry and the perception that labour hire workers were unwilling to speak up about safety issues.