Coal miner Paringa Resources on Wednesday said that it would raise $9-million through the grant of a royalty over its Buck Creek mining complex, in Kentucky, to SP2 Royalty Co.
Under the terms of the royalty agreement, SP2 would receive 2% of the gros…
Paringa raises A$9m through royalty deal Read More »
South African coal miner Wescoal on Tuesday reported its performance for the first half of the 2019/20 financial year (April-September). While, in comparison the previous six months, revenues stayed static at R2.1-billion, gross profit fell to R195-mil…
Wescoal confident it is on the road to recovery, despite ‘disappointing’ results Read More »
The Indian government has cracked the whip on State-miner Coal India Limited (CIL), directing it to either step up exploration for and production of coal at blocks allotted to it, or see the assets put up for auction. Having liberalised coal mining and…
Indian govt comes down on CIL for delays in exploring greenfield assets Read More »
India’s Coal Ministry is likely to adopt revenue sharing contracts for next month’s commercial mining coal block auction.
The Ministry is expected to announce auction rules soon incorporating revenue sharing model contracts for successful bidders, wit…
India likely to adopt revenue share model for commercial coal mining Read More »
India’s Coal Ministry is likely to adopt revenue sharing contracts for next month’s commercial mining coal block auction.
The Ministry is expected to announce auction rules soon incorporating revenue sharing model contracts for successful bidders, wit…
India likely to adopt revenue sharing model for commercial coal mining Read More »
Discussions are faltering about how to shut down Germany’s lignite coal industry as company executives and government ministers struggle to agree over the politically charged issue of how to compensate industry for plant shutdowns.
Ten months after Ge…
Germany’s coal exit talks founder on compensation dispute Read More »
In the end, the unraveling economics of coal proved too much for even a giant among power generators to handle.
At 12:09 p.m. local time on Monday – after churning out electricity for almost five decades – the largest coal-fired power plant in the wes…
A massive coal plant that asked for Trump’s help has gone dark Read More »
US miner Contura Energy’s $800-million bet on international coal markets is souring.
In November 2018, when Contura bought Alpha Natural Resources and became America’s biggest supplier of metallurgical coal, global prices for the fuel were climbing –…
US coal giant is ‘unglued’ as $800m takeover sours Read More »
Coal miner and supplier Buffalo Coal on Friday reported a headline loss a share, for both basic and diluted shares, of R0.05 for the three months to September 30. This is a 71% variance from the R0.18 a share reported for the September 2018 quarter.
Buffalo Coal reports losses for September quarter Read More »
NYSE-listed Arch Coal on Friday announced that it had discontinued longwall operations at its Mountain Laurel mine in Logan county, West Virginia, three months earlier than planned. The move is expected to reduce Arch’s fourth quarter coking coal volu…
Arch Coal accelerates Mountain Laurel transition to room-and-pillar Read More »
