Wollongong Coal’s flexible short-term financing agreement with Jindal Steel & Power has been increased to AUS$175 million, the Australian coal company said in a statement.
The short-term drawdown facility has also been renewed until 31 March 2017. To date, Wollongong has drawn around AUS$153.25 million under the facility to meet its operational and development costs.
Jindal Steel & Power is Wollongong’s major shareholder. Wollongong owns two metallurgical coal mine in New South Wales: Russell Vale and Wongawilli – both of which are currently in care and maintenance.
In this webinar KabelSchlepp will review and discuss the items needed to ensure that a cable track is properly selected and sized for the user’s application. How diameters and weights of the fill package effect cable track selection and how the jacket material of the fill package influences the cable track design. Register for free today »
Arch's Mountain Laurel mine has discontinued its longwall operations 3 months ahead of schedule, accelerating its transition to a room and pillar mine.
