Coal

SunCoke Energy Partners has bought the coal-handling Convent Marine Terminal for US$412 million.

The Australian Coal Preparation Society will celebrate its golden anniversary at its biennial conference and exhibition next year.

In a recent report on the global mining equipment market, Grand View Research forecast the market to grow to US$95.14 billion by 2022 with recovery coming post-2017.

ROM coal production at Atlantic Coal’s Stockton anthracite mine jumped 12% on the previous quarter in 2Q15.

Prairie Mining has announced an almost doubling of indicated coal resources at its Lublin coal project in Poland.

Vietnamese coal mining company, Vinacomin, sold 18 million t of coal in the first six months of the year, 2.8% lower than in 2014.

Following the suspension of Panian mine operations due to a fatal accident at the mine, Semirara Mining and Power Corp. halts coal exports.

China’s largest coal miner saw its coal sales drop by almost a quarter in the first half of this year as the country’s coal demand dropped.

Swedish utility, Vattenfall, has written down its European coal business by SEK19 billion (US$2.2 billion) on low prices and higher business risks.

Given the current ultralow share prices of US coal companies, the time may be ripe for industry consolidation.

Vietnamese coal mining company, Deo Nai Coal Co., produced 1.2 million t of coal in the first six months of 2015.

Alliant Energy subsidiary Interstate Light and Power has reached a settlement over Clean Air Act violations at seven of its coal-fired power plants.

Number two US coal miners, Arch Coal, is to implement a one-for-ten reverse stock split in a bid to boost its share price and remain listed on the New York Stock Exchange.

Politicians from both main political parties have criticised the Office of Surface Mining Reclamation and Enforcement’s proposed Steam Protection Rule.

The United Mine Workers of American Pension Plan is suing Peabody Energy and Arch Coal to try to force the two companies to take on US$800 million of bankrupt Patriot Coal’s liabilities.