Coal - 25 July 2014

Five stories from the past week that caught the attention of the World Coal.

Itochu and Sumitomo have hired advisers to help them sell their stakes in Australian coal assets.

Jonathan Moylan has been given a 20 month suspended sentence over a bogus press release, which wiped AU$ 300 million off coal mining company’s share price.

Most of China’s coal companies are losing money amid a slowdown in demand and drive to reduce smog levels.

After being stripped of mining exploration licenses amid allegations of corruption, Cascade Coal has launched a High Court bid to regain the licenses.

Teck Resources has announced a significant fall in profits on the back of lower coal prices.

National Union of Mineworkers says that the proposed employee buyout of Kellingley coal mine in the UK has been shelved.