Purchase of Marrowbone mine falls through
Published by Jonathan Rowland,
Editor
World Coal,
NewLead Holdings, a provider of seaborne transportation services for dry bulk commodities, has not completed the expected purchase of the Marrowbone coal mine.
In a statement, the company said that the acquisition did not take place due to a number of factors including “a failure of the parties to reach acceptable definitive terms for such acquisition, the collapse of coal prices, as well as adverse coal market conditions especially with regard to the export and transportation of coal that continues today.
Edited by Jonathan Rowland.
Read the article online at: https://www.worldcoal.com/mining/29092015/purchase-of-marrowbone-mine-falls-through-2924/
You might also like
Peabody and Anglo American release updates on steelmaking coal acquisition
Peabody has notified Anglo American of a Material Adverse Change impacting its planned acquisition of steelmaking coal assets from the company, but Anglo is contesting this claim.