
Bengalla sale highlights strength of Australian coal industry
Russell Taylor explains why the Bengalla sale was a good move for Rio Tinto and New Hope Corp.
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Russell Taylor explains why the Bengalla sale was a good move for Rio Tinto and New Hope Corp.

Joy Global is to close its heavy fabrication and welding department at its Milwakee facility on low demand for mining equipment.

FreightCar America completes the sale of its railcar repair and maintenance services business to Appalachian Railcar Services, for US$20 million.

South African coal company, IchorCoal, has launched its bid for Australian mining company, Universal Coal.

Shares in Swiss mining and trading giant, Glencore, have recovered from their low in late September but remain well below their peak as low commodity prices continue to hit mining companies.

German independent coal trading and marketing company, HMS Bergbau AG, reports 1H15 results are as expected by the company.

Mike Sherman, RMI, UK, looks at how new sensor technology can be used to improve mine efficiency and safety.

Bumi Resources revises debt restructuring plan to take into account reduced cash flows. Yet the company indicated it can only sustain a total debt of $1.2 billion.

Duke Energy agrees to pay a US$7 million settlement to resolve former, current and future groundwater issues at all 14 North Carolina coal facilities.

Rio Tinto sells its 40% interest in the Bengalla coal Joint Venture in Australia to New Hope Corp. for US$606 million.

Bowie Resource Partners will scale back production at Bowie #2 mine near Paonia, Colorado, as a result of idling longwall mining due to developing a new longwall panel.

NewLead Holdings has not completed the purchase of the Marrowbone coal mine as expected.