Coal

Between 192 and 565 jobs could be lost as Exxaro restructures its corporate and support service operations.

Steel demand from China’s infrastructure and construction industry has boosted sentiment in the Chinese steel sector and raised willingness to buy metallurgical coal and iron ore.

Cloud Peak Energy has announced a “voluntary separation benefit” to some longstanding hourly employees.

Sandvik has stated it has been reconfirmed as a constituent of the Ethibel Sustainability Index (ESI) Excellence Europe, effective 15 April 2016.

Swedish state-owned utility, Vattenfall, has sold its lignite assets to EPH, a Czech energy company, and its financial partner, PPF Investments.

Australian Pacific Coal’s new CEO is progressing the process of securing financing for its acquisition of the Dartbrook coal mine.

bauma 2016 saw a record number of exhibitors with approximately 580 000 visitors from 200 countries.

Bankruptcy court has approved Peabody’s continuing operations, including staff and supplier payments.

China’s latest Five-Year Plan will hit its demand for t thermal and metallurgical coal, resulting in weal import demand.

The largest coal company in the US, Peabody Energy, has filed for Chapter 11 bankruptcy protection.

Atrum Coal’s founders, Russell Moran and Gino D’Anna, retain significant stakes in the company despite being forced off of the board last year.

NWR production and sales increased y/y but prices continued to fall for both the company’s metallurgical and thermal coal.

Australian coal company, Wollongong Coal, has extended its short-term financing agreement with Jindal Steel & Power.

Norfolk Southern has issued the following statement regarding Canadian Pacific’s withdrawal of its unsolicited acquisition proposal and its related shareholder resolution.

Canadian Pacific Railway Ltd has announced that it has terminated efforts to merge with Norfolk Southern Corp.