Mongolia has scrapped an executive order calling for its giant Tavan Tolgoi coal project near its southern border with China to be funded through an international initial public offering, the country’s cabinet said.
The massive project with estimated…
Mongolia annuls IPO order for giant Tavan Tolgoi coal mine Read More »
Coal miner Stanmore Coal has warned shareholders that its underlying earnings before interest, tax, depreciation and amortization (Ebitda) for the full 2020 will be impacted by the Covid-19 pandemic.
The miner has revised its underlying Ebitda expecta…
Stanmore earnings take a hit Read More »
Although the RB1 benchmark fell slightly on the week, the off-spec grades have seen some resilience. Yet again Rand weakness is helping miners to weather the storm, but this only really helps for higher grade material. There is almost nowhere other tha…
Weekly Coal Index Report Read More »
by Eugene Gerden Russia plans to increase its domestic coal production up to 448-530 million…
Russia eyes big plans for coal production and exports Read More »
Poland’s biggest coal group, state-run PGG, has temporarily closed two of its mines due to the spread of the new coronavirus among the miners, it said on Monday.
Poland, which generates most of its electricity from coal, has confirmed 11 761 coronavi…
Poland’s biggest coal group shuts two mines until Sunday due to epidemic Read More »
Coal miner MC Mining’s Uitkomst Colliery produced 127 122 t of run-of-mine (RoM) coal in its third quarter, ended March 26 − the day before South Africa entered into a five-week lockdown to curb the spread of Covid-19 infections. Output for the quarter…
MC Mining’s third-quarter coal production up 12% Read More »
Coal mining and marketing company Wescoal on Tuesday became the second JSE-listed coal-mining company to report that it had received a force majeure notification from State coal utility Eskom to halt supply. The first company was coal mining company Ex…
Now Wescoal receives Eskom force majeure Read More »
Research agency Standard & Poor’s Global Platts (S&P) says there is a lack of upside signals for global coal demand, and the agency remains cautious around any significant rebound.
This follows a bull market for coal that ran from 2016 to 2018…
Bearish stance on coal prices remains – S&P Read More »
Citigroup will stop providing financial services to thermal coal-mining companies over the next 10 years to help accelerate the economy’s shift away from fossil fuels.
By 2025, the bank won’t provide underwriting and advisory services to the industry …
State electricity utility Eskom has informed coal producer Exxaro that it will not be taking the full contractually agreed tons of coal from the JSE-listed company from April 16 until one month after national lockdown has been completely lifted – a sta…
Exxaro to contest Eskom’s force majeure notice Read More »
