Coal miner Whitehaven Coal has reported a 95% fall in net profit after tax for the full year ended June, as thermal coal prices softened and labour shortages impacted production.
Underlying net profit after tax for the full year reached A$30-million, …
Tough year at Australian coal miner Whitehaven Read More »
Coal miner Whitehaven Coal has reported a 95% fall in net profits after tax for the full year ended June, as thermal coal prices softened and labour shortages impacted production.
Underlying net profit after tax for the full year reached A$30-million …
Tough year at Whitehaven Read More »
Bobby Stevens’s backup plan for his backup plan encountered an obstacle a few months ago. In March the coronavirus pandemic closed the Kentucky government building where he was set to take his commercial driver’s license test, which he started studying…
Trump promised a coal comeback but America’s miners need an energy revolution Read More »
London-listed Contango Holdings has signed a letter of intent (LoI) with CoalZim Marketing for a 2 000 t-a-month coal offtake agreement.
This is the second offtake LoI secured by Contango in August, demonstrating the strong demand for the high-qualit…
Contango subsidiary signs second LoI towards coal offtake agreement Read More »
Izak van der Walt will step down as CFO of coal miner Wescoal on August 31 to pursue other interests. While the company works to recruit a new CFO, finance operations senior manager Jubilant Speckman will take up the position of interim CFO.
Wescoal CFO to step down Read More »
Investment firm Templar Capital, an independent creditor in the Optimum coal mine, has, in conjunction with the Optimum business rescue practitioners (BRPs) and other significant creditors, proposed a business rescue plan that is expected to be present…
Templar proposes R1.3bn debt-to-equity conversion to rescue Optimum Coal Read More »
Vietnam is the new coal exporter’s darling, as imports surged during the COVID-19 pandemic, increasing around 46% y-o-y. The country has imported circa 36-million tonnes so far this year, although Indonesia, Russia and China are the major suppliers. SA…
Weekly Coal Index Report Read More »
TSX- and AltX-listed Buffalo Coal Corporation has posted a net loss of R87-million for the six months ended June 30, compared with a net profit of R25.3-million reported for the six months ended June 30, 2019.
This is a decrease of more than 200% yea…
Buffalo Coal posts R87m interim loss Read More »
JSE-listed Exxaro Resources has started with work on its Matla Mine 1 Relocation project.
The 42-year-old Matla operation consists of three underground mines.
Exxaro breathes new life into Matla Mine 1 Read More »
Coal miner New Hope Group has reported a 15.8% drop in production for the quarter ended July, compared with the previous corresponding period, as production at its Queensland operation, including the New Acland mine, fell.
Total saleable coal product…
More job losses loom at New Hope Read More »
