Mining

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.

Pit reconfiguration work at Universal Coal’s Kangala coal mine resulted in a fall in ROM coal production in 4Q15.

Alpha Natural Resources is to close eight mines in Raleigh and Boone counties in West Virginia

Wescoal Holdings’ Elandspruit coal mine in Mpumalanga Province, South Africa, is now delivering its production target of 165 000 tpm.

Liebherr Group produces record sales of €9.2 billion in the 2015 business year with revenue from the construction machinery and mining product area increasing by €337 million.

Caterpillar’s mining business has announced a loss of US$105 million in 4Q15 on the back of a 23% fall in sales and revenues.