Coal - 29 February 2016

South32 is to cut 300 jobs at its Australian metallurgical coal business and reorganise the assets as the company announces a US$1.7 billion loss.

CONSOL Energy has entered into an agreement to sell its Buchanan mine and other metallurgical coal reserves for total consideration of US$420 million.

Westmoreland Coal expands the size of its Board of Directors following the 2016 Annual Meeting to 9 Directors.

Atrum Coal expects its encouraging yield results from quality testing at the Groundhog anthracite project to positively impact new pre-feasibility study.

Gobi Coal & Energy will be expanding its resources value chain into hard coking coal discovery, coking coal consolidation and graphite and uranium development.

Bowie Resources is going to idle its Bowie #2 coal mine near Paonia, Colorado, due to market deterioration.