Mining

The South African Competition Commission has recommended the purchase of Optimum Coal by Tegata Exploration and Resources be approved.

THEnergy and Ripasso have released a study on the uses of renewables in mining.

Global mining giant, Rio Tinto, recorded a loss of US$866 million in 2015 on the back of falling metals prices.

Australian Pacific Coal’s CEO, Nathan Tinkler, has resigned following a Federal Court of Australia judgment that removes his ability to carry out his current roles.

Approximately 75 employees could loose jobs at River View Coal and White County Coal, as well as 200 temporary layoffs at Hamilton County Coal, as a result of reducing operational units.

Kibo Mining completes Phase 1 of the Mbeya coal-to-power project, integrated bankable feasibility study.

A third of coal mines operating at a loss according to new report. Governments should be doing more to aid the sector in the downturn to support existing operations, according to QRC CEO Michael Roche.

A round-up of some of this week's key news items from the international coal industry, from the latest mining updates to outlooks on SSE’s intention to close Fiddler’s Ferry coal plant.

CIMIC has revised its takeover bid for Sedgman following a complaint by Sedgman to the Australian Takeover Panel.

TerraCom, the operators of the Baruun Noyon Uul coal mine in Mongolia, is considering opportunities to buy existing coal mines in Queensland and Indonesia.

A new report from the Mining Association of Canada indicates the mining industry has made a strong economic contribution to Canada despite its downturn.

Australia’s Hunter Valley farmers benefit from more fertile soil as a result of a carbon management project.

Metso appoints Eeva Sipilä as its new Chief Financial Officer.

Jennmar is to buy DSI’s US mining operations, while DSI will purchase Jennmar’s European, Latin American and Australian businesses in a series of agreements.

Sandvik Mining has bucked the gloomy trend in mining, announcing an operating profit of SEK749 million and 3% growth in invoiced sales in 4Q15.