Coal

Australian mining company has released a report detailing updates at Bowen Basin coal projects.

Caterpillar has announced a third cut to its earnings outlook for this year in its Q3 results as the slump in mining industry orders continues to weigh on the company’s performance.

US coal miner, Cloud Peak Energy, has announced a fall in EBITDA in Q3 compared to the previous year, but sees positive signs in US coal demand.

Coal of Africa has secured a US$ 21.4 million fund from Investec Bank to help the company in a new strategy to focus on coking coal assets.

The US has announced strict plans to limit financing for coal-fired power plants abroad, as part of a wider strategy to combat climate change.

An additional refined coal facility for NOx and mercury abatement has been leased to an existing investor.

Arch Coal has reported a net loss of US$ 128.4 million in the third quarter of 2013.

Brown University has decided not to divest from coal companies, explaining that it would not be the right tool to address climate change.

Ukraine’s coal output in the first nine months of 2013 was down 4.2% on last year’s production.

China Shenhua Energy has posted a 22% drop in third quarter net profit, due to weak coal prices caused by sluggish demand.

The Kenyan Energy and Petroleum Ministry has received 62 applications from firms interested in the generation of coal and LNG projects.

The Queensland government has issued a tender for coal exploration in the Bowen Basin of central Queensland.

At the Coaltrans world coal conference in Berlin, speakers see reason for optimism in the global coal industry.

Australia’s Cokal Limited has announced an upgrade of its coal resources at the Bumi Barito Mineral project in Indonesia.

Whitehaven Coal has reported a total saleable coal production for Q3 of 2.340 million t, a new company record.