BHP Group has rejected early offers for its Australian thermal coal business that missed the miner’s own valuation as the year-long hunt for a buyer continues, according to people familiar with the matter.
Yancoal Australia and Adani Group’s Australia…
BHP is said to rebuff early bids under plan to quit thermal coal Read More »
Indian major Adani has broken ground at its Carmichael opencut coal mine, in Queensland.
Adani Mining CEO David Boshoff said the work to remove the rock was a significant milestone to have ticked off the construction schedule.
“We are on track to exp…
Adani breaks ground at Carmichael Read More »
The US coal industry has weakened after taking the brunt of lower electricity demand and is highly vulnerable to resurgent coronavirus infections that could further reduce demand for coal in a downside scenario, says Moody’s Investors Service.
The org…
US coal industry vulnerable to resurgent coronavirus infections Read More »
Australia’s Whitehaven Coal Ltd posted a 29% jump in fourth-quarter coal production on Tuesday, beating estimates, even as it warned that pricing pressure was likely to continue as the Covid-19 pandemic dents industrial activity.
Whitehaven said in a …
Australia’s Whitehaven Coal beats quarterly output forecasts, shares jump Read More »
US headquartered metallurgical coal producer Ramaco Resources on Monday announced the partial closure of its Berwind low-volatile development mine complex, on the border of Virginia and West Virginia to align its production with the weakened market.
A…
Ramaco reduces staff numbers as it partially shuts met coal mine Read More »
TSX- and JSE-listed Buffalo Coal has confirmed that one of its employees, working at the processing plant, in Dundee, in KwaZulu-Natal, has tested positive for Covid-19. The employee has been quarantined and referred to a medical practitioner after dis…
Buffalo takes precaution at mine site after employees tests positive Read More »
Almost all coal exporters are now looking to cut production quite significantly. Prevailing weak export markets, combined with fixed price take-or-pay rail and port contracts, are combining to ensure losses for almost every tonne mined now. Higher qual…
Weekly Coal Index Report Read More »
Adani Enterprises’ Australian CEO, Lucas Dow, will step down, the company said on Friday, as sinking coal prices add to climate change pressure to stretch the development timeline of a coal project in Queensland state.
Dow, who joined the company in A…
Adani Australia chief to step down as coal prices tank Read More »
A bankable feasibility study (BFS) into the Crown Mountain coking coal project, in British Columbia, has found that the project could produce an average of 1.7-million tonnes a year of saleable coal and 57.5-million tonnes a year run-of-mine coal over …
BFS affirms ‘compelling’ opportunity at Crown Mountain Read More »
A bankable feasibility study (BFS) into the Crown Mountain coking coal project, in British Columbia, has found that the project could produce an average of 1.7-million tonnes a year of saleable coal and 57.5-million tonnes a year run-of-mine coal over …
Crown Mountain proves in in BFS Read More »
