Coal

While the coal industry faces difficulties, Anthony Fensom reports on reasons for optimism in the East Asian coal market.

The most recent extension to the takeover offer period for Universal Coal is to allow Coal of Africa to negotiated US$15 million loan agreement.

Kibo Mining plc has announced that the restatement of the Mbeya coal resource has now been completed.

Australian steelmaker, Arrium, has entered voluntary administration as the steel industry’s woes continue.

Coal’s direct economic contributions to the Queensland and New South Wales economics topped AUS$26 billion last year.

The American Coalition for Clean Coal Electricity warned Canadians, citing the EPA Administrator’s role in the US coal phase out.

Falling coal prices on the seaborne market are unlikely to support Indian import demand.

Coal of Africa has extended its offer period for its proposed takeover of Universal Coal for the third time.

Rhino Resource Partners and ION Carbon & Minerals are to explore a joint venture to develop and market Rhino’s coal.

Italian coal imports remained steady in 2015 – but the country should use more to combat high electricity prices, according to Assocarboni.

SunCoke Energy Inc. divests its coal mining business to Revelation Energy LLC.

Leigh Creek Energy Ltd signs a heads of agreement (HoA) with Shanghai Electric Power Generation Group.

Westmoreland Coal Co. selects Gary Kohn as the company’s Vice President of Investor Relations.

Brazilian mining company, Vale, has sold its stake in the CSA steel plant in Brazil to joint venture partner, thyssenkrupp.

According to the latest reports from the US Energy Information Agency, coal production in the US continues to slide, finishing the week off by 38% from 2015 totals.