Page 22 - John Canavan News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Senator’s brother in $61m mine row Glencore appointed McGrathNichol as receivers of ICRA’s 12.5 per cent share in Rolleston in early December News by Nick Evans Premium Content Subscriber only The brother of former federal resources minister Matt Canavan lodged a $61.7m claim against the coal company he controlled only weeks before mining major Glencore called in receivers to seize control of its share in a Queensland mine. Glencore called in McGrathNichol as receivers to ICRA Rolleston Pty Ltd over $35.2m in debts on December 8. ICRA bough...

Premium Content Subscriber only A BUSINESS with a significant share in a Central Queensland mine has gone bust over an outstanding $24 million. McGrathNicol Restructuring has been appointed as receivers of ICRA Rolleston Pty Ltd - directed by John Canavan, the brother of Rockhampton-based Senator Matt Canavan, - which holds a 12.5 per cent interest at the Rolleston Coal Mine. Legal proceedings between Rolleston Coal Holdings Pty Ltd and ICRA Rolleston Pty Ltd have been ongoing since July, over a number of outstanding cash calls after ICRA failed to make payments as the thermal coal price p...

Investors are not buying into the myth of a coal industry ‘renaissance’ At the world’s biggest coal export port in England, no China-bound ships are waiting or scheduled to load before Christmas By Ben Smee and Ben Butler / The Guardian Three years ago, pictures of bulk carriers lined up off the coast of Mackay, Australia, were framed as evidence of a “renaissance” in the coal industry. There were more than 70 coal ships in the offshore gridlock in December 2017. This year, there were just 12 waiting — equaling a record low set at the height of the COVID-19 pandemic. At the wor...

Marshfield achievers Boston College High School Several Marshfield residents were named to the honor roll for the first quarter of the 2020-21 school year at Boston College High School in Boston. Students who earned high honors are John Dunderdale, William MacGrath, Connor McCabe, Gavin O'Hara, Shane Roycroft, William Steinaway, Dennis Stiles, Luke Willett, Samuel Burns, Matthew Byrne, John Canavan, Alexander Church, John Church, Benjamin Galvin, Christian Kelley, Jake Minicucci, Sean O'Connell, Seamus O'Reilly, Aidan Walker, Eric Walsh, Thomas Atkinson, Andrew Gagne,  Connor Goodwin, John O...

There was a time when the U.S. government bond market relied on the kindness of strangers, but if 2020 is any indication that time may have passed.