Coal

Mongolian coal company, Mongolian Mining Corp., has defaulted on a debt repayment, triggering defaults on other of its debt agreements.

Lorito Holdings S.à.r.l. and Zebra Holdings and Investments S.à.r.l. agree to acquire shares of Corsa Coal Corp.

The API has criticised proposals to regulate methane emissions from the US oil and gas production as new research blames the sector for global growth in atmospheric methane.

Armstrong Energy has announced a loss of US$162 million in 2015 – but says it has enough liquidity to see it through the year.

Wescoal has said that it expects its earnings per share to jump by about 50% for the year ended 31 March 2016.

Sunrise Coal completes purchase of coal sales agreements and coal reserves from Triad Mining for US$18.25 million.

Royal Energy Resources has increased in stake in US coal company, Rhino Resource Partners.

Wescoal Holdings Ltd appoints Waheed Sulaiman as the company’s new CEO.

An AUS$10.52 million impairment charge on its oil and business has dragged down New Hope’s half-year results but the company still finishes in the black.

The House recently advanced the SENSE Act, which would prevent the EPA regulations from blocking operations at the 19 coal refuse-to-energy facilities in the US.

BMI Research has lowered its forecasts for thermal coal-fired power prices in 2016 and 2017 on weaker-than-expected demand from China.

Ferrocadia DMCC, Global Commodity Ventures FZC, Norecom Ltd and Osho SA Coal Pty Ltd have joined globalCOAL’s international trading community.

Following Philip Cavatoni’s departure from Alpha Natural Resources, Andy Edision will take on the role of CFO and Executive Vice President.

A round-up of some of this week's key news items from the global coal industry, from recent project updates to the US coal industry’s reaction to Clinton’s comment on coal miners.

According to the EIA, the combination of slower electricity demand growth and policies that encourage renewables-sourced electricity generation is changing the type and the amount of generating capacity added each year.