Coal

Michal Kotzé, Mining Industry Leader for PwC Africa, said: “Last year was undoubtedly challenging for the mining sector.”

The global port infrastructure construction market will see significant activity over the next decade.

BHP Billiton enters an agreement to sell its 75% interest in IndoMet Coal to equity partner PT Alam Tri Abadi.

Wollongong Coal will remain reliant on funding from its parent company, Jindal Steel and Power, to continue as a going concern.

Formal documentation relating to Marubeni’s tag-along sale of its interest in the Dartbrook Joint Venture has been executed.

Queensland’s coal exports continue to set records, according to the Queensland Resources Council, despite the challenging operating environment.

TerraCom appoints Cameron McRae as the new Chairman of company, effective immediately.

Government involvement in Mongolia’s coal mining industry will provide major near-term constraint, but sector will still grow to 2020.

Kazakhstan’s coal production is likely to grow relatively strongly to 2020 on domestic demand and increased export opportunity.

Oracle’s share prices spiked on news that it had signed a Shareholder Framework Agreement with its Chinese partners.

The Australian arm of US coal giant, Peabody Energy, has reported losses of AUS$2.7 billion for the year to December 2015.

US coal production falls 23.4% year on year for the week ending 28 May, according to the Energy Information Administration.

ResGen appoints Zirk van Der Bank as Chief Operating Officer of the company’s operating subsidiary Ledjadja Coal.

Joy Global records quarterly operating loss – but there is some good news from order bookings, up 12% on last year.

South African coal company, Wescoal, has reported a jump in operating profits for the year to 31 March on increased turnover.