Coal - 23 July 2015

Weak commodities demand and unfavourable exchange rates saw Caterpillar Resource Industries Group profit evaporate in 2Q15 from US$114 million on the previous year.

Mining conveyor belt manufacturer, Fenner, dipped into the red in 1Q15 on the back of weak demand for its products in the mining sector.

Anglo American has appointed Tony O’Neill to the board as an executive director with responsibility for mining and technology, business performance, projects and safety, health and environment.

SunCoke Energy Partners has bought the coal-handling Convent Marine Terminal for US$412 million.

The Australian Coal Preparation Society will celebrate its golden anniversary at its biennial conference and exhibition next year.

In a recent report on the global mining equipment market, Grand View Research forecast the market to grow to US$95.14 billion by 2022 with recovery coming post-2017.

ROM coal production at Atlantic Coal’s Stockton anthracite mine jumped 12% on the previous quarter in 2Q15.

Prairie Mining has announced an almost doubling of indicated coal resources at its Lublin coal project in Poland.