
Peabody Energy announces global business realignment
Peabody Energy has announced a new global organisational structure, with the creation of geographic business units in the Americas, Australia and Asia.
Stay up to date with the latest news and updates from the coal industry.

Peabody Energy has announced a new global organisational structure, with the creation of geographic business units in the Americas, Australia and Asia.

Xstrata Coal has agreed to acquire the Sukunka hard metallurgical coal deposit from Talisman Energy Inc. for US$ 500 million in cash, subject to customary conditions.

Squire Sanders report highlights North American consolidation, growing cross-border activity and the rise of Asian investors.

The Australian Takeovers Panel has published a Declaration and Orders that allows FLSmidth to proceed with its offer of AU$ 11/share for Australian company Ludowici Ltd.

Arch Coal Inc. has announced that its chairman and CEO, Steven F. Leer, will retire as CEO effective 26 April 2012, the date of the company's annual shareholders meeting.

With the rapid rise in demand for LNG from Asia, the Australian coalbed methane (CBM) industry is booming. But could competition from US and Chinese shale gas frustrate Australian ambition?

Energy Drilling Australia (EDA), a subsidiary of mineral drilling services company, Ausdrill, looks to expand further into Australia’s coalbed methane (CBM) industry after taking delivery of a second drilling rig and ordering a third.

Petmin has signed a renewable five-year agreement that will enable it to export up to 600,000 tpa of metallurgical anthracite from Grindrod Terminals Kusasa dry bulk facility in Richards Bay.

Federal prosecutors have filed charges of conspiracy to defraud the US federal Government against the former managers of Massey Energy, who were in charge of the company at the time of the Upper Big Branch (UBB) mine disaster that killed 29 coal miners in April 2010.

Drax Group plc has abandoned plans for a dedicated biomass power plant, but pledged to invest £50 million to increase its biomass co-firing capacity.

February 2011: Time is usually regarded as a negative in any business endeavor – the quicker, the better. After all, time is money (right?). Balancing the ‘time required for sustainable change’ with a ‘schedule for change’ is almost always an exercise in conflict.

Coal production and exports in Colombia rose last year, with predictions that production will hit 97 million t in 2012.