Coal - 16 February 2016

Leigh Creek Energy completes sale of remaining Treasury shares and will use this sale as a mechanism to fund its operational needs of the early stage at the Leigh Creek Energy project.

Morien Resources has released an update on development activities at the Donkin coal project in Cape Breton, Nova Scotia.

The latest coal export data for January shows that regional Queensland continues to do the heavy-lifting for the state’s coffers and demand remains strong for the region’s high-energy, lower-emission coal.

Anglo American is putting its coal assets up for sale as part of a dramatic realignment of its business to focus on its De Beers diamond, Anglo American Platinum and copper businesses.

Whitehaven has reported a net profit after tax of AUS$7.8 million and record ROM and sales of coal of 7.1 million t and 7.3 million t for the half year ended 31 December 2015.

Anglo American lost almost US$5.5 billion in 2015 despite efforts to reduce costs and improve productivity.

The World Coal Association signs a MoU with the Coal Preparation Society of India.