Coal

Rio Tinto is to sell its Mozambique coal assets for US$50 million to a consortium of Indian state-owned companies.

Arch Coal’s Q2 loss has widened to almost US$100 million from US$72 million last year.

Gabriel Muthisse says coal prices will not affect Mozambique’s reliance on the black stuff.

Exxaro Resources will purchase South African coal mining assets from Total.

In Zimbabwe, Sable Chemicals looks to use coal gasification in production of ammonia.

Adani’s Carmichael coal mine and rail project gets nod from Australian authorities.

Five stories from the past week that caught the attention of the World Coal.

Itochu and Sumitomo have hired advisers to help them sell their stakes in Australian coal assets.

Jonathan Moylan has been given a 20 month suspended sentence over a bogus press release, which wiped AU$ 300 million off coal mining company’s share price.

Most of China’s coal companies are losing money amid a slowdown in demand and drive to reduce smog levels.

After being stripped of mining exploration licenses amid allegations of corruption, Cascade Coal has launched a High Court bid to regain the licenses.

Teck Resources has announced a significant fall in profits on the back of lower coal prices.

National Union of Mineworkers says that the proposed employee buyout of Kellingley coal mine in the UK has been shelved.

Brazilian mining giant, Vale, has announced a 23.8 rise in coal production as its Carborough Downs mine ramps up after a longwall move.

Moody’s believes benchmark metallurgical coal prices have bottomed out but sees little room for price improvement soon.