A consortium led by State-owned mining company African Exploration Mining and Finance Corporation (AEMFC) has been awarded the post-commencement funding (PCF) bid for Optimum Coal and its associated assets to the value of R1-billion. PFC is finance gr…
State-owned AEMFC awarded PCF bid to the tune of R1bn Read More »
Opening up of the Indian coal sector for commercial mining by private miners has officially been put on the backburner. The move to open up commercial mining and auction off coal blocks to private miners for production without any end-use restrictions …
India puts private coal mining on the backburner Read More »
Chinese coal traders have stopped ordering Australian coal as clearing times through China’s customs have doubled to at least 40 days, according to major buyers in China and international coal merchants, resulting in a sharp fall in Australian prices.
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Chinese traders freeze Australian coal orders amid 40-day customs delays – sources Read More »
The board of ASX-listed Universal Coal has urged shareholders to sit tight as the company awaits a possible takeover offer from a consortium of investors, headed by South Africa’s Ata Resources.
Universal in December last year struck a non-solicitatio…
Universal still waiting for takeover offer Read More »
The board of ASX-listed Universal Coal has urged shareholders to sit tight as the company awaits a possible takeover offer from a consortium of investors, headed by South Africa’s Ata Resources.
Universal in December last year struck a non-solicitatio…
Universal still waiting for takeover offer Read More »
A rare bird could threaten the development of the $16.5-billion Carmichael coal project, in Queensland, project owner Adani has revealed.
The Queensland Department of Environment and Science in December told the Indian major that it was referring Adan…
Rare bird threatens to derail Adani’s contentious Australian coal mine Read More »
JSE-listed Wescoal on Friday announced it was exiting the Khanyisa Triangle joint venture (JV) with Uju Resources, Mwelase Mining and Aztolinx, allowing Wescoal to exploit the coal resource exclusively.
In 2016, Wescoal and Uju agreed to jointly expl…
Wescoal ends Khanyisa Triangle JV Read More »
Coal miner Whitehaven Coal has reported a record net profit after tax for the first half of 2019, on the back of an 11% increase in sales revenue.
Net profit after tax for the six months to December reached A$305.8-million, up 19% on the previous corr…
Whitehaven posts record profits Read More »
Mineral Resources Minister Gwede Mantashe is expected to pay a visit to the Gloria coal mine near Middelburg, Mpumalanga, where 22 alleged copper thieves have been trapped and are believed dead following an explosion at the beginning of February. A gro…
Mantashe to visit Glory coal mine where 22 men are still trapped underground Read More »
The second largest coal miner in the US, Arch Coal, on Thursday announced that it had started work on a new three-million-ton-a-year coking coal mine that will operate on the same 200-million-ton reserve base as its Leer operation, in West Virginia.
T…
Arch Coal starts work on new $390m West Virginia coking coal mine Read More »
