Eleven years ago, Cloud Peak Energy made an all-or-nothing bet its rivals were unwilling to match: that coal would remain indispensable to the US power sector.
That gamble has now pushed it to the brink of bankruptcy.
The coal miner who bet everything on US power markets and lost Read More »
Resource Generation (Resgen) has reached a conditional agreement with Noble Group for the provision of $4.7-million in additional working capital for Resgen’s subsidiary Ledjadja Coal to meet its financial needs up to June 30. Resgen will continue to w…
Resgen secures additional working capital Read More »
The European Bank for Reconstruction and Development (EBRD) has arranged a €46-million financing package to replace a highly polluting coal-fired plant in the central Bosnian town of Zenica, the bank said on Friday.
The new combined gas-fired cogenera…
BRD arranges €46m loan to replace coal-fired plant in Bosnia Read More »
ASX-, Aim- and JSE-listed MC Mining’s directors have approved the phased development of the company’s flagship Makhado coking coal project, which will result in the start of mining operations on the west pit. Construction of Phase 1 is set to start in …
Phase 1 of MC Mining’s Makhado project approved Read More »
Diversified miner Exarro Resources has facilitated a transaction that enables former employees of Exxaro Coal Mpumalanga (ECM) to participate in 50:50 joint venture that is set to acquire the assets and liabilities of the Arnot coal mine, in Mpumalanga…
‘Historic’ Arnot transaction realises aspirations of Mining Charter 3 – Mgojo Read More »
Despite having experienced some challenges during the six months to December 31, 2018, ASX-, Aim- and JSE-listed MC Mining on Thursday reported a loss for the period of $3.6-million, compared with the $97.3-million loss reported for the six months to D…
MC Mining achieves operational milestones in H1, narrows losses Read More »
South African coal mining company Exxaro Resources, which is led by CEO Mxolisi Mgojo, said on Thursday its full-year earnings climbed 7%, boosted by higher coal prices and the absence of one-off transactions seen a year earlier. Core headline earnings…
Exxaro Resources FY earnings jump on higher coal prices Read More »
One dollar. That’s how much an aging New Mexico coal plant is worth. And by some estimates, even that may be too much.
Acme Equities, a New York-based holding company, is in talks to buy the 847-MW San Juan Generating Station for $1, after four of its…
When paying $1 for a coal power plant is still paying too much Read More »
Barely a week after starting the process, India’s Coal Ministry has called off the auction of coal blocks.
In a notification the Ministry said, “the sixth and seven tranche of coal block auction stands cancelled,” without stating any reasons.
India’s Coal Ministry cancels coal block auction Read More »
The Deocha-Pachami coal block, in the east Indian state of West Bengal, and billed as the largest single-location reserve in Asia, is likely to be developed by the state government in collaboration with mining majors in Poland.
Several rounds of talks…
Polish mining majors keen to develop Asia’s largest coal block Read More »
