Coal

India’s Tata Group has signed a memorandum of understanding (MoU) with Siberian Coal Energy Co (SUEK) to develop energy sector opportunities in Russia and elsewhere.

Zimbabwe coal producer Hwange Colliery Co. is negotiating to supply coal and coke to Glencore.

BHP Billiton has delivered robust financial results in the half year to 31 December 2014, a period characterized by volatile commodity markets.

GreenHaven has announced the launch of the GreenHaven Coal Fund, the first Exchange Traded Product (ETP) designed to offer investors with exposure to daily changes in the prices of coal futures contracts.

Jameson has received a British Colombia Mining Exploration Tax Credit to the amount of CAN$548 522.63.

The effects of Cyclone Marcia on coal operations have been limited.

According to a recent report by Lucintel, the global coal industry is expected to reach US$1036 billion by 2018.

Three brown coal projects in Victoria’s La Trobe Valley are yet to reach milestones to attract promised government funding.

The World Coal team round up the biggest news stories from the global coal industry this week.

Justice has announced the buyback of Bluestone Coal.

According to Business Monitor International (BMI), India’s domestic coal sector continues to be hampered by labour unrest and Coal India’s inability to meet nationwide coal demand.

According to Business Monitor International (BMI), the Asian seaborne thermal coal market will be characterised by high volumes and low prices in 2015.

Lawmakers in the state of Wyoming advocate a bill that would enable the state to issue US$1billion in bonds to support the construction of a Northwest port for shipping coal to Asia.

Indian coal output may be set to increase, as greater private investment in the industry spurs innovation and efficiency gains.

Linc Energy sells its conventional coal business to United Mining Group and retains rights to a potential US$590 million in future revenue.