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Weekly coal news highlights: 1 – 5 February 2016

Weekly coal news highlights: 1 – 5 February 2016

A round-up of some of this week's key news items from the international coal industry, from the latest mining updates to outlooks on SSE’s intention to close Fiddler’s Ferry coal plant.

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The latest coal news

Terex receives takeover bid from Zoomlion

Terex receives takeover bid from Zoomlion

Chinese construction machinery company, Zoomlion, has made a bid for Terex, complicating the US company’s

CIMIC revises bid for Sedgman

CIMIC revises bid for Sedgman

CIMIC has revised its takeover bid for Sedgman following a complaint by Sedgman to the Australian Takeover Panel.

South32 writes down South African coal business

South32 writes down South African coal business

South32 has said it will take a US$1.7 billion impairment charge to its manganese, alumina and thermal coal businesses with the promise of more pain to come.

GMB: coal is needed to keep the UK’s lights on

GMB: coal is needed to keep the UK’s lights on

According to GMB, the UK government should not allow Fiddler’s Ferry power plant to closure until there is new capacity to maintain electricity supply.

 

MMC appoints restructuring advisors

MMC appoints restructuring advisors

Mongolian coal mine operator, Mongolian Mining Corp., has appointed restructuring advisors to help it deal with its debt load.

AGL quits Australian coal seam gas sector

AGL quits Australian coal seam gas sector

Australian energy company, AGL, is to withdraw from the Australian coal seam gas sector on the back of weak global oil prices and disappointing gas flow data at its Gloucester Gas Project.

Another move to remove coal from the UK energy mix

Another move to remove coal from the UK energy mix

The closure of the UK Fiddler’s Ferry plant is the latest example that the UK government has discarded ‘King Coal’ as part of the solution to the UK’s energy crisis, according to Unite.

Deciding the future of SSE’s Fiddler’s Ferry coal plant

Deciding the future of SSE’s Fiddler’s Ferry coal plant

SSE will enter into consultation with employees and stakeholders at Fiddler’s Ferry coal-fired power plant on a proposal to end commercial operations at three of the plant’s four units.

 

TerraCom looks beyond Mongolia

TerraCom looks beyond Mongolia

TerraCom, the operators of the Baruun Noyon Uul coal mine in Mongolia, is considering opportunities to buy existing coal mines in Queensland and Indonesia.

Mining maintains its key economic role in Canada

Mining maintains its key economic role in Canada

A new report from the Mining Association of Canada indicates the mining industry has made a strong economic contribution to Canada despite its downturn.

Atrum Coal receives request for general meeting

Atrum Coal receives request for general meeting

Co-founder of Atrum Coal, Gino D’Anna, has requested a general meeting to consider motions to dismiss two of the company’s non-executive directors.

Hunter Valley carbon project delivers fertile soil for farmers

Hunter Valley carbon project delivers fertile soil for farmers

Australia’s Hunter Valley farmers benefit from more fertile soil as a result of a carbon management project.

 

New CFO for Metso

New CFO for Metso

Metso appoints Eeva Sipilä as its new Chief Financial Officer.

River Energy nears decision on SA project

River Energy nears decision on SA project

A decision will be made this quarter on whether to move ahead with construction of a binderless coal brigquetting plant at a major coal producer in South Africa.

Wongawilli prepares to restart operations

Wongawilli prepares to restart operations

Wollongong Coal has increased its resources at its Wongawilli coal mine as its prepares to restart operations in 2Q16.

Jennmar and DSI unveil a series of acquisition agreements

Jennmar and DSI unveil a series of acquisition agreements

Jennmar is to buy DSI’s US mining operations, while DSI will purchase Jennmar’s European, Latin American and Australian businesses in a series of agreements.

 

 
 

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