Coal - 17 May 2016

TerraCom continues to review opportunities to buy mining operations in Indonesia and Queensland to help boost cash flow.

TerraCom has completed its debt restructuring after negotiations with its financiers.

Coal of Africa has reached agreement with Rio Tinto and Kwezi Mining over the outstanding payments due on the Chapudi Coal assets.

Peter Kane, CEO of troubled coal mine, Cockatoo Coal, has been provided notice of termination by the company’s administrators.

NMA President and CEO has launched a scathing attack on the moratorium on federal coal lease sales, calling it a “political fix”.