Coal - 02 September 2016

Coal India’s monthly coal production was 21% below its target as the state-owned mining company is asked to tailor production to weaker-than-expected demand.

Russian coal company, Raspadskaya, has announced a profit of US$49 million compared to a US$8 million loss in 1H15.

Recent rises in metallurgical coal prices will boost Stanmore’s coal sales revenues, as the mining company moves to steady-state production at Isaac Plains.

Rio Tinto completes sale of its stake in the Zululand anthracite mine in South Africa to Menar Holding.

Wollongong Coal has confirmed that is it under investigation by the New South Wales mining regulator following allegations that it is not a “fit and proper person” to hold a mining license.