Coal

Sedgman Limited has announced a reported Net Profit After Tax of $16.5 million for the full year ended 30 June 2015.

The Murray River coal project is the first proposed longwall coal mine in British Columbia. Minister of Energy and Mines, Bill Bennett, has stated that the project could potentially generate billions in economic benefits.

TransAlta Corp. has reiterated that it will continue to focus on strengthening its balance sheet despite Moody's Investor Services Inc. decision to place the company's rating under review.

Altitude Resources Inc. has acquired additional coal lease applications at the Altitude North project near Grande Cache, West Central Alberta.

Hargreaves Services specifies it will help Sahaviriya Steel Industries with developing a viable plan to preserve the coke ovens at Redcar Steelworks. However, it rejects claims that it is considering buying the steelworks.

Researchers at Chalmers University of Technology have argued that the targets for lower emissions of carbon dioxide from Europe's basic industries are out of reach.

Ichor Coal NV has published its 1H15 results for the interim financial period.

Atlas Copco, a provider of sustainable productivity solutions, has announced it has acquired the assets of NJS Technologies Ltd.

A round-up of some of this week’s key news items from the international coal industry, from updates on coal production to the latest sales and acquisitions.

Mick Buffier, Chairman of the World Coal Association and Group Executive at Glencore’s coal business, spoke at the recent B20 Energy Forum.

Following reviewing its operations, Glencore intends to cut a potential 380 jobs at its Optimum Coal subsidiary in South Africa.

South African coal company, IchorCoal, has launched its bid for Australian mining company, Universal Coal.

German independent coal trading and marketing company, HMS Bergbau AG, reports 1H15 results are as expected by the company.

Rio Tinto sells its 40% interest in the Bengalla coal Joint Venture in Australia to New Hope Corp. for US$606 million.

BHP Billiton sees thermal coal use dropping substantially if a global climate change agreement is reached in Paris, limiting temperature rise to 2°C.