Coal

Coal of Africa and its subsidiary have been accused of breaching payment obligations relating to its 2010 acquisition of the Chapudi coal project.

Stanmore Coal has signed an significant offtake agreement for Isaac Plains semi-soft coking coal with a major East Asian steel producer.

Shareholders representing 53.2% of Universal Coal’s shares have accepted Coal of Africa’s takeover bid.

Rio Tinto has reported increases at Rio Tinto Coal Australia’s mineral resources and ore reserves in New South Wales and Queensland, Australia.

According to a new report from the US Energy Information Administration, US coal exports declined 23% in 2015, as coal imports remained steady.

Following a new national poll finding substantial support for coal-fired electricity, the American Coalition for Clean Coal Electricity states this shows public policy does not match public opinion.

Exxaro has announced that Mr WA (Wim) de Klerk will, after much consideration and deliberation, be stepping down as Finance Director of the company.

The Colorado Mining Association has indicated that many miners are to loose jobs following the idling of the Bowie mine No. 2 and federal and states governments are to blame.

The world’s fourth-largest diversified miner, Glencore, has announced a US$4.96 billion loss in 2015.

White Energy is facing an uncertain future after recording a half-year loss of ASU$31.8 million after taking an AUS$10 million impairment charge on its US coal mining business.

Rio Tinto completes the sale of its 40% interest in Bengalla coal Joint Venture for US$616.7 million.

Australian coal company, New Hope Corp., produced 1.167 million t in the three months to 31 January 2016, a fall of almost 16%.

South32 is to cut 300 jobs at its Australian metallurgical coal business and reorganise the assets as the company announces a US$1.7 billion loss.

CONSOL Energy has entered into an agreement to sell its Buchanan mine and other metallurgical coal reserves for total consideration of US$420 million.

Westmoreland Coal expands the size of its Board of Directors following the 2016 Annual Meeting to 9 Directors.