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Mining

 
 

A week in coal: 14 – 18 December 2015

A round-up of the week’s coal news from updates on the latest coal projects to short-term outlooks on US coal production and prices.

 

Kellingley Colliery closes

Miners at the UK’s last deep coal mine, Kellingley Colliery, will end their final shift on Friday 18 December, leaving behind an estimated 30 million t of recoverable coal.

 
 

Joy Global books billion-dollar quarterly loss

Joy Global has booked a US$1.343 billion loss in the three months to 30 October on the back of a US$1.199 billion writedown of its underground reporting unit.

 
 

Blakefield North put on hold

Glencore has announced that its proposed Blakefield North underground coal project has been placed on hold.

 

Kennametal reduces fiscal 2016 outlook

Kennametal Inc. is reducing its previously announced fiscal 2016 guidance as a result of weakening end market conditions.

 
 

Glencore doubles down on debt reduction

Glencore is increasing its debt reduction targets to US$13 billion by the end of 2016 as it announces production cuts across its portfolio.

 

Sandvik Mining appoints new president

Lars Engström has been appointed President of Sandvik Mining and member of the Group Executive Management, replacing Scot Smith, who leaves the company.

 

Jellinbah extends contract with Thiess

Jellinbah Group has extended its contract with Thiess for mining services at Lake Vermont coal mine in Queensland, Australia.

 
 

Sandvik’s R&D chief to retire

Olle Wijk, Executive Vice President and Head of Group R&D at Sandvik is to retire next April and step down from the Group Executive Management team at the end of the year.