Financial coal markets enjoyed a relatively stronger week as some price consolidation occurred on API#4 around the $52.70 level. However, the physical discount also narrowed leading to slightly weaker RB1 prices, even as major mining houses such as Ang…
Weekly Coal Index Report Read More »
Financing a thermal coal project in Australia just got a little bit harder after Westpac Banking said it would exit the sector by 2030, leaving Australia and New Zealand Banking Group as the last of the country’s big four yet to commit to dropping the …
Coal loses backing from another big bank Read More »
Japanese major Sumitomo Corporate has elected to proceed with an earn-in at the Hillalong joint venture (JV), in Queensland.
ASX-listed Bowen Coking Coal and Sumitomo in November last year struck a formal farm-in agreement under which Sumitomo would e…
Sumitomo kicks off Qld JV Read More »
ASX-listed TerraCom has moved ahead with its plans to exit Mongolia, inking a binding term sheet to divest of its Baruun Noyon Uul (BNU) coal mine for $2.
Under the terms of the agreement, Singapore-based buyer Bridge Resources will also accept a net …
TerraCom moves to exit Mongolia Read More »
Consol Energy’s effort to push rival coal company Murray Energy into liquidation is aimed at shuttering mines and reducing output in an oversupplied industry, according to the largest US coal miners’ union.
“Liquidation plays to the benefit of all th…
Push to liquidate Murray means coal mines will close, union says Read More »
Poland’s Tauron will cut hours and pay by 20% in its three coal mines for three months from May, making it eligible for government help during the new coronavirus crisis, the state-run utility said on Wednesday.
Poland relies on coal for almost 80% o…
Poland’s Tauron cuts hours and pay at its coal mines Read More »
Coal miner Tigers Realm Coal has maintained its production guidance for the 2020 financial year of 550 000 t, as its operations in Russia remained unaffected by impacts from the Covid-19 pandemic.
Run of mine production for the three months to March …
Tigers Realm firmly on track for 2020 Read More »
South Africa-focused coal miner Universal Coal has reported an 11% increase in run-of-mine (ROM) production for the March quarter, and a 16% increase is sales volumes, compared with the previous corresponding period.
The miner on Wednesday reported t…
Universal posts strong quarter amid takeover Read More »
Coal developer Allegiance Coal has once again reduced the projected start-up capital for its New Elk coal mine, in Colorado.
The ASX-listed miner on Wednesday said that a review of the mine plan by independent engineers Stantec has reduced the start-…
Allegiance cuts costs at New Elk Read More »
Coal developer Allegiance Coal has once again reduced the projected start-up capital for its New Elk coal mine, in Colorado.
The ASX-listed miner on Wednesday said that a review of the mine plan by independent engineers Stantec has reduced the start-…
Allegiance nearly halves New Elk startup capex Read More »
