White Energy future uncertain after 2H15 loss
White Energy is facing an uncertain future after recording a half-year loss of ASU$31.8 million after taking an AUS$10 million impairment charge on its US coal mining business.
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White Energy is facing an uncertain future after recording a half-year loss of ASU$31.8 million after taking an AUS$10 million impairment charge on its US coal mining business.
Shenhua’s ports at Huanghua and Tianjin saw a substantial increases in the volume of coal handled in January 2016.
Rio Tinto has made changes to its Board with its Non-Executive Director stepping down and a new Chairman of the Sustainability Committee being appointed.
Chinese-owned Australian coal company, Yancoal, has announced an annual loss of AUS$291 million in 2015 as coal prices remain low.
Hexagon Mining has introduced new functionality and enhanced performance in a bundled update of its mine planning software.
Rio Tinto completes the sale of its 40% interest in Bengalla coal Joint Venture for US$616.7 million.
Australian coal company, New Hope Corp., produced 1.167 million t in the three months to 31 January 2016, a fall of almost 16%.
South32 is to cut 300 jobs at its Australian metallurgical coal business and reorganise the assets as the company announces a US$1.7 billion loss.
CONSOL Energy has entered into an agreement to sell its Buchanan mine and other metallurgical coal reserves for total consideration of US$420 million.
Resource Generation has appointed Rand Merchant Bank as lead arranger and co-lender for the financing of its Boikarabelo coal mine project.
Westmoreland Coal expands the size of its Board of Directors following the 2016 Annual Meeting to 9 Directors.
Atrum Coal expects its encouraging yield results from quality testing at the Groundhog anthracite project to positively impact new pre-feasibility study.