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Coal

TECO Coal sale complete

TECO Energy Inc. closes the sale of its coal mining subsidiary, TECO Coal LLC, to Cambrian Coal Corp.

 
 
 

Weekly coal news highlights: 14 – 18 September 2015

A round-up of some of this week’s key news items from the international coal industry, from updates on developments, projects and operations to outlooks on coal consumption and production.

 

Blaschak Coal increases anthracite coal reserves

Blaschak Coal Corp. expands its mining activities in two new locations in the anthracite coal measures of Northeastern Pennsylvania, adding almost 3 million t of clean coal to its reserves.

 
 
 

China’s coal consumption slows

A new report by the US Energy Information Agency (EIA) has indicated China’s coal consumption has slowed following almost a decade of fast expansion – a result of changing GDP, industry restructuring and new energy and environmental policies.

 

Potential new bidder for Patriot Coal

Patriot Coal Corp. has a potential new bidder for the bulk of its asset (including mines in West Virginia and reserves in other states), competing with Blackhawk Mining’s bid.

 

Sibanye Gold invests in Waterberg Coal Group

Sibanye Gold signs a term sheet with the Waterberg Coal Group to meet the company’s electricity supply targets by investing in the group for a steady supply of coal.

 
 
 
 

Coal production down in Indonesia

As a result of decreased coal demand worldwide, coal miners in Indonesia have reduced production. For the first eight months of 2015, production declined 15.4% to 263 million t.