London-listed Contango Holdings has signed a letter of intent (LoI) with South Mining relating to an offtake agreement for coal products produced at the company’s Lubu coalfield project, in Zimbabwe.
The LoI establishes the framework for formal offt…
Contango signs letter of intent towards 30 000 t coal offtake Read More »
Australian mining magnate Gina Rinehart’s Hancock Prospecting is hoping a charm offensive, from annual fundraising parties to local refurbishments at a golf course, will help overcome opposition to a massive new coal mine in Canada’s Rocky Mountains.
…
Australian billionaire woos Canadians, hoping to build big coal mine in Rocky Mountains Read More »
Black-empowered diversified resources group Exxaro Resources on Thursday declared an interim dividend on posting a 40% increase in earnings before interest tax depreciation and amortisation of R3.9-billion for the six months to June 30. In the face of …
Exxaro pays dividend on 40%-higher half-year earnings Read More »
The South African Reserve Bank has approved coal miner MC Mining’s issue of 13.3-million new share to raise a collective R15-million, or $900 000.
The new equity is being issued at a price of 105.56c apiece.
South African Reserve Bank approves MC Mining’s equity raise Read More »
The New South Wales Independent Planning Commission has given consent for ASX-listed Whitehaven Coal’s Vickery Extension project.
The A$700-million project has been cleared to extract a maximum of 13-million tonnes a year run-of-mine coal, over a 25-…
IPC approves Vickery project Read More »
The Queensland government has declared the A$90-million Isaac Downs coal project a prescribed project, with project construction slated to start as early as 2021, pending necessary approvals.
Minister for Regional Development Glenn Butcher said the pr…
Isaac Downs gets prescribed status Read More »
JSE-listed Exxaro Resources expects its headline earnings per share (HEPS) for the six months ended June 30 to decrease by between 18% and 34% and 18% year-on-year. Attributable earnings per share (EPS) for the six-month period are expected to decrease…
Exxaro expects up to 34% fall in first-half headline earnings a share Read More »
Characterised by ongoing decline in demand, combined with near-term erosion of financial strength driven by the adverse economic impact from coronavirus, the US coal industry is in need of consolidation.
This is the view of Moody’s lead coal analyst B…
US coal industry needs to consolidate – Moody’s analyst Read More »
The significant news of last week is that Glencore will temporarily close its Australian coal mines over Sep-Oct, resulting in around 7-mn tons of production being cut, with some also coming from the closure of its Prodeco mine in Colombia. This helped…
Weekly Coal Index Report Read More »
Peabody Energy reported its biggest loss ever after writing down more than half the value of its North Antelope Rochelle mine in Wyoming.
The largest US coal producer took a $1.42-billion impairment charge on the sprawling surface operation, leading t…
Peabody biggest loss follows writedown of top US coal mine Read More »
