Coal

Workers at India’s state-owned coal company, Coal India, will down tools in early September to protest against the government’s plans to further private sector involvement in the industry.

Yancoal announced a loss of AUS$180.4 million in 1H16 on production falls and limited coal price improvements.

The ramp up to commercial production at Whitehaven’s Maules Creek coal mine helped the company return to profit in FY2016.

Russian coal company, Kuzbasskaya Toplivnaya Co. (KTK), has swung into the red in 1H16 on weaker seasonal demand and lower export prices.

India is to increase its production of coking coal but will remain dependent on imports for high-quality metallurgical coals.

Thai coal and power company, BANPU, saw its coal revenues fall in 2Q16 on lower production in Australia and Indonesia.

Mining services provider, Mastermyne, sees a more positive year ahead, despite announcing a AUS$3 million loss in FY2016.

BHP Billiton’s coal operations were hit by falling coal prices across the board, resulting in a loss of US$9 million in FY2016.

In what could prove a boon to local coal companies, the Tanzanian government has banned the import of coal.

BHP Billiton has announced a loss of US$6.2 billion on weak commodity prices and a US$7.2 billion writedown of its US oil and gas assets.

Foresight Energy LP has made a new appointment to its board.

Member of the United Mine Workers of America have approved a new pay deal with the Bituminous Coal Operators Association, which represents coal company including Murray Energy.

Indonesian coal company Geo Energy has registered its first quarterly profit in 2Q16 after two years of consecutive losses.

Atrum Coal secures the supply of up to 100 000 t of anthracite from Atlantic Carbon Group to potentially sell in Europe, Asia and South America.

Wollongong Coal awards coal haulage contract to Aurizon Operations to haul coal from Wongawilli coal mine to Port Kembla Coal Terminal.