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Coal - 15 July 2015

Securing cash for Buck Creek No. 1 mine

Paringa Resources intends to raise US$5.1 million through a share placement to strengthen its balance sheet in preparation of starting formal debt financing discussions for its Buck Creek No. 1 mine.


CIL scales back Mozambique plans

CIL is to give up over 75% of its coal license areas in Mozambique as it focuses on boosting its domestic production.


Cutbacks at Consol Energy

Consol Energy will layoff approximately 470 positions throughout the company in an attempt to remain competitive and operate efficiently during a period of low fuel prices.