Coal

The Queensland Resources Council has forecast that royalties on both thermal and metallurgical coals were due to set a new record of AUS$4.46 billion this financial year.

Cloud Peak Energy expects its mines will continue normal operations throughout the process, safely and efficiently meeting all customer commitments.

These loopholes could allow the company to continue supporting expansion of the coal industry in Poland and Vietnam via its subsidiaries.

This dividend announcement reflects an increase of approximately 8% over the previous quarter's dividend per share, in recognition of the company's strong ongoing cash flow generation.

Queensland coal exports contributed AUS$36.3 billion – an increase of AUS$5 billion or 16% over the previous 12 months.

Mongolian truck companies that mainly engage in coal transport from Tavan Tolgoi coalfield to Gashuunsukhait border crossing went on strike on 6 May 2019, demanding an increase in transport services prices.

On 2 May, Kangra Coal announced its plans to allocate free-carry (unencumbered) shares to workers and local communities for the first time since the mine was established in 1957.

PT Bumi Resources has released details of how to replay its earnings call, which was held on Thursday 2 May.

Warrior Met Coal has announced its results for the first quarter of 2019, with a key highlight being its best-ever quarterly production volume of 2.3 million short t.

At Tuesday’s inaugural Gas to Power Forum in London attendees were told that using natural gas instead of coal will create socio-economic challenges.

Peabody has reported its earnings for the first quarter of 2019, with a key highlight being revenues of US$1.25 billion.

Moody’s outlook for the North American railroad industry has changed from ‘positive’ to ‘stable’ due to a slowdown in freight volumes, led by a steepening decline in coal shipments.

Ramaco Resources has appointed a new Chief Financial Officer, whose role will become effective in early May.

Kibo Energy PLC, an Africa-focused energy company, has announced that it has received formal notice from the Tanzania Electric Supply Company Limited (TANESCO) inviting it to develop the Mbeya Coal to Power Project (MCPP) for the export market.

PacifiCorp has shared an updated economic study of its coal fleet, that is designed to inform how the company meets the long-term customer energy needs of its customers.