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Coal - 29 February 2016

South32 cuts jobs as it announces big loss

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 to sell Buchanan mine

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