Coal

Coal, natural gas and renewable power sources will account for roughly equal part of the global energy mix by 2040.

Peabody recorded a net loss of US$165.1 million t in 1Q16 on weak coal sales in the US and Australia.

The Grosvenor project delivers its first coal from its underground longwall seven months ahead of schedule and more than US$100 million below budget.

Westmoreland Coal has recorded a profit of US$30.6 million in 1Q16 despite soft winter demand for coal in the US.

Last year was another difficult year for British Columbia mining companies – but there are signs the worst may be over.

Peabody Energy Australia has entered into agreements with Pembroke Resources to sell undeveloped metallurgical coal tenements in Queensland, Australia.

China’s largest coal producer has signed a memorandum of understanding to build 1000 MW of solar energy projects

Chinese coal production fell by 4.5% y/y in March as central and provincial governments continue to target coal oversupply.

Stewart Butel the Managing Director of Wesfarmers Resources since 2006 has decided to retire.

Rio Tinto’s outgoing CEO, SAM Walsh, has said the company is targeting further cuts to capital and operating costs through to 2017.

Carbon Energy is to play a key role in pioneering a globally significant underground coal gasification research centre in China in conjunction with the China University of Mining and Technology.

Holders representing over 90% of Universal Coal’s issued shares have now approved the company’s takeover by Coal of Africa.

Aspire Mining sees significant opportunities to acquire producing or near-production metallurgical coal assets.

South African coal mining and distribution company, Wescoal, has appointed Bothwell Mazurara as Chief Financial Officer.

The Federal Court of Australia has appointed a provisional liquidator to Continental Coal.