Coal

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.

Oracle Coalfields PLC has announced its audited results for the year ended 31 December 2015.

Royal Energy Resources Inc. has completed the acquisition of certain limited partnership interests and entire general partner membership interest from Wexford Capital LP.

China Shenhua Energy Co., the listed arm of Chinese largest coal company, Shenhua Group, has recorded a 21.2% fall in sales in February.

Thermal and metallurgical coal prices are expected to continue their downward slide this year with thermal coal facing significant potential challenge from global LNG glut.

Peabody looked to be on the brink of Chapter 11 bankruptcy as it delayed interested payments under a 30-day grace period.