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US coal news

 
 
 
 
 

Warrior Met Coal announces launch of concurrent tender offers for senior secured notes

Warrior Met Coal, Inc. has announced the commencement of its offer to purchase, in cash, up to US$150 million principal amount of the company’s outstanding 8.00% Senior Secured Notes due 2024, at a repurchase price of 103% of the aggregate principal amount of such Notes, plus accrued and unpaid interest with respect to such Notes to, but not including, the date of repurchase.

 
 

Revised NSPS standards encourage the utilisation of emissions-reducing technologies, states NMA

The NMA testified the 2015 rule imposed a “de facto moratorium on construction of new coal-fired power plants. The proposed revisions are necessary to allow construction of new, highly efficient coal units, particularly if regulations and fuel markets change and eliminate the current barriers on the construction of new, lower emitting coal-fired units.”

 

Westmoreland subsidiary commences tender offer

Westmoreland Coal Company and Westmoreland Resource Partners, LP have announced a tender offer to purchase common units of Westmoreland Resource Partners, LP for US$0.01 per common unit in cash.