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Coal - 17 September 2015

China’s coal consumption slows

A new report by the US Energy Information Agency (EIA) has indicated China’s coal consumption has slowed following almost a decade of fast expansion – a result of changing GDP, industry restructuring and new energy and environmental policies.

 

Potential new bidder for Patriot Coal

Patriot Coal Corp. has a potential new bidder for the bulk of its asset (including mines in West Virginia and reserves in other states), competing with Blackhawk Mining’s bid.

 

Sibanye Gold invests in Waterberg Coal Group

Sibanye Gold signs a term sheet with the Waterberg Coal Group to meet the company’s electricity supply targets by investing in the group for a steady supply of coal.