Stay up to date with the latest news and updates from the coal industry.
The Electricity Generating Public Co. affiliate, San Buenaventura Power Ltd Co. has obtained financial closing and the first drawdown and construction commencement the new 500 MW coal-fired power plant project in the Philippines.
Whitehaven Coal expects to make a profit in 2H15 on expected earnings of AUS$100 – 105 million.
The Leigh Creek Energy project has achieved an initial PRMS ISG gas resources certification and is underway with gas sales discussions.
Crude oil prices for 2015 started low and ended lower at below US$40/bbl, reflecting the continual oversupply of crude oil in relation to global demand.
Foresight Energy continues efforts to extinguish the March 2015 combustion event within the longwall district at Hillsboro’s Deer Run mine, Illinois, US, and is also cutting 100 jobs across its operations.
CNX Coal Resources LP has announced that in response to the ongoing uncertainty in coal markets, it is reducing its expectations for 2016 coal sales to 4.4-5.2 million t.
US rail operator, Norfolk Southern, has rejected Canadian Pacific’s third offer, calling the bid “grossly inadequate”.
Australian CSG drilling contractor, Titan Energy Services, has been placed into voluntary administration.
ADE has announced it has developed the Electronically Controlled Operating Spray System, which delivers consistent, measurable water coverage for dusty haul roads.
Strata has signed an exclusive distribution agreement with DSI covering the North American tunneling industry.
An AUS$7 million investment in TerraCom by Chinese company, SPG, is necessary to ensure the company can continue in business.
Allison Transmission promotes David S. Graziosi, Chief Financial Officer, to the additional role of President.