Coal

Three Swedish companies have launched an initiative to develop a coal-free method of steelmaking.

A round-up of some of this week's key news items from the international coal industry, from recently commissioned coal plants to the latest sales and acquisitions.

Walter Energy has completed the sale of its core assets to Warrior Met Coal – a company owned by its first lien creditors.

CONSOL Energy closes on the sale of the Buchanan mine and other metallurgical coal assets to Coronado for total consideration of US$420 million.

The Colombian Mining Association has joined the World Coal Association as an associate member.

Corsa Coal has seen “signs of improvement” in the metallurgical coal and steel markets.

Arch Coal has said it will cut 15% of its workforce at its giant Black Thunder mine in the Powder River Basin.

Japanese trading house, Mitsui & Co., remains committed to its investment in Vale’s Mozambique coal and logistics projects.

Appalachian coal producer, Corsa Coal, has reported substantially increased earnings from its Northern Appalachian operations, but its Central Appalachian business struggles.

Closure preparation activities are underway at all 29 Georgia Power ash ponds in the US.

Rhino Resources lost US$34 million in 4Q15 on revenues of US$39.6 million.

The Arch Coal Foundation has awarded ten West Virginia teachers the Arch Coal Teacher Achievement Award.

US coal company, Westmoreland Coal, will increase the size of its board after reaching an agreement with shareholder, Venor Capital Management.

globalCOAL has announced that three new metallurgical coal Market Members have joined its international trading community.

The West Virginia Coal Association has called on West Virginia Senator Joe Manchin to reject Marrick Garland’s nomination to the Supreme Court.