Coal

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.

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.