Aim-listed Ncondezi Energy is at an advanced stage with the project financing model for its 300 MW coal-to-power project, in Mozambique, and expects sign off from its partners before the end of the month.
Once the financial model is signed off, the c…
Ncondezi nears tariff offer submission stage, to commission off-grid project soon Read More »
Moves by some of the world’s biggest banks to end coal financing for the sake of the planet was supposed to create major headaches for companies like Whitehaven Coal.
Yet there was the Australian miner on a conference call last month announcing the re…
Death of coal financing is exaggerated as China steps up Read More »
Cerrejon, one of Colombia’s biggest coal producers, and its largest workers union on Friday concluded contract negotiations without reaching an agreement, the parties said.
Union members will now vote on whether to strike or to go to arbitration with…
Colombia coal miner Cerrejon, union fail to reach contract agreement Read More »
US coal use plunged more than 13% in 2019, the most in 65 years, as power plants shut down across the country. That’s poised to happen again this year.
Total consumption slumped to 596-million tons in 2019 from 688-million tons in the prior year, acco…
US coal use is plunging at fastest rate since Eisenhower era Read More »
Diversified miner Exxaro Resources expects to report a 5% to 19% increase in headline earnings per share (HEPS) to between R28.05 and R31.80 for the year ended December 31.
Attributable earnings per share (AEPS) are also expected to be between 32% an…
Exxaro to report higher attributable, headline earnings Read More »
The wash plant at Aim-listed Edenville Energy’s flagship Rukwa coal project, in south-west Tanzania, restarted continuous operations on Tuesday. The thermal coal project developer announced last month that a stockpile of about 6 000 t of unwashed run-o…
Edenville restarts operations at Rukwa wash plant Read More »
Six coal states are pressing the Trump administration to wrap up an almost two-year inquiry into whether coal and nuclear plant retirements are threatening the electric grid.
In letters to the Federal Energy Regulatory Commission, which overseas US po…
Coal states urge Trump Administration to tackle plant closures Read More »
ASX-listed Universal Coal is confident in its expected return to profitability, targeting A$73-million of earnings before interest, taxes, depreciation and amortisation (Ebitda) for the 2020 financial year.
The company achieved Ebitda of A$24-million…
Universal Coal provides guidance for 2020 Read More »
State-miner Coal India Limited’s (CIL’s) planned investment in overseas coal assets is facing stiff speed-breakers, with global merchant bankers unwilling to take up an advisory and due diligence mandate of so-called ‘dirty fuel’.
Last year, the miner…
Zambia’s Maamba Collieries has relocated water pumps to a new location in the Kariba lake, to provide water for the boilers of its 300 MW coal-fired power plant.
The company said in a release on Friday that this was necessitated by falling water leve…
Maamba moves power plant pumps to keep Zambia powered Read More »
