Alberta coal mining activity rebounds in 2018 Markets
Apr 01, 2019The Vista Coal Mine, now owned by Bighorn Mining Ltd., originally received regulatory approval in 2014, but that coincided with a significant dip in global thermal coal prices, Alberta Energy said. The first phase of the $870-million project has now been completed and exports of coal from the mine will begin in 2019.
Former Foresight CEO appointed to lead Chris Cline coal
Foresight operates some of the most productive underground coal mines in the country on a per-ton-by-employee-hour basis and is a top exporter of thermal coal. Cutlass, an affiliate of Cline's Cline Group LLC, owns the Donkin mine in Nova Scotia and the Coalspur mine in Alberta.
MCH Acquires Coal of Africa's Mooiplaats Thermal Coal Mine
Coal of Africa Limited (CoAL) and its subsidiaries announced on Monday that it will sell all their shares in Mooiplaats thermal coal colliery to a consortium of investors.. In a notice to shareholders, CoAL said the company, along with subsidiary GVM Metals Administration and its black economic partner Ferret, will also dispose of their claims against Mooiplaats and Langcarel.
American Resources Corporation Announces Closing of
Nov 08, 2018FISHERS, IN / ACCESSWIRE / November 8, 2018 / American Resources Corporation (OTCQB AREC), a mining company focused on the extraction, processing, transportation and selling of metallurgical and premium thermal coal, is pleased to announce the closing of its previously-announced acquisition of all the assets of Synergy Coal, LLC located in Wyoming County, West ia.
Westmoreland Coal Company and Westmoreland Resource
Mar 14, 2019Westmoreland Resource Partners, LP is a low-cost producer of high-value thermal coal. It markets its coal primarily to large electric utilities with coal-fired, base-load scrubbed power plants under long-term coal sales contracts.
Located approximately 80 km south-east of Pretoria in South Africa's Mpumalanga province, Leeuwpan employs about 600 employees excluding contractors and produces 3.65Mtpa of thermal coal. It is a conventional open-pit mine that uses modified terrace configurations and truck and shovel operations.
Glencore may eye WICET exit through Rolleston thermal coal
Sep 19, 2017Glencore may eye WICET exit through Rolleston thermal coal sale 19 September 2017 Glencore's proposed sale of its 13 mt/y Rolleston thermal coal mine has cast doubt over the viability of the Wiggins Island Coal Export Terminal (WICET) in Queensland, where the company is the major equity holder and currently the dominant shipper.
In the same year, its name was changed to National Thermal Power Corporation Limited. In 1983, NTPC began commercial operations (of selling power) and earned profits of INR 4.5 crores in FY 1982-83. By the end of 1985, it had achieved power generation capacity of 2000 MW. In 1986, it completed synchronisation of its first 500 MW unit at Singrauli.
ICVL to restart operations at Mozambique mine as coking
Jan 31, 2017You may also like to watch The prices have now corrected to rule at $260-270 a tonne now. ICVL has also sought a global tender to sell thermal coal. ICVL was incorporated in 2009 with an objective of acquiring coal assets with equity participation from SAIL, CIL, RINL, NMDC and NTPC in the ratio of 22111.
IEEFA Japan ITOCHU Corporation announces coal exit
February 15, 2019 (IEEFA Japan) ITOCHU of Japan has announced it is exiting from developing new coal-fired power plants as well as thermal coal mines to address the impact of climate change, and will continue to divest its existing thermal coal mine investments in Australia and Indonesia.. IEEFA sees this as a major policy pivot for ITOCHU, a company with an equity market capitalisation of
ONE of the assets Exxaro Resources was considering selling was Matla, a thermal coal mine contracted to sell some 10Mtpy of coal to Eskom's Matla power station. As a cost plus mine, it is Eskom's responsibility to pay for the extension of mineable resources.
Peabody Energy Corp (BTU.N) Company Profile Reuters
Jul 09, 2019Full Description. The Company is engaged in the mining of thermal coal for sale primarily to electric utilities and metallurgical coal for sale to industrial customers. The Company's mining operations are located in the United States and Australia, including an equity-affiliate mining operation in
CONSOL Coal Resources (NYSECCR) Downgraded by Zacks
Jul 13, 2019Zacks Investment Research lowered shares of CONSOL Coal Resources (NYSECCR) from a hold rating to a sell rating in a research note released on Tuesday morning, Zacks reports. According to Zacks, "CONSOL Coal Resources LP manages and develops active thermal coal operations. The company engages in underground mines and related infrastructure that produce high- BTU
Glencore Emerging A Big Winner From Coal Consolidation
Oct 12, 2018As major diversified miners withdraw from thermal coal, Glencore has stepped into the breach, busily consolidating its position in an unpopular sector of the mining industry, Macquarie said.
Our operations span seven sites across the coal-rich provinces and produce high-quality thermal, metallurgical, and coking coal for both domestic and export markets. Driven by the goal of supporting South Africa's growth through a steady local supply of this essential mineral, as well as the mandate of making South Africa's coal sector more
Anglo American plc is a multinational mining company based in Johannesburg, South Africa and London, United Kingdom.It is the world's largest producer of platinum, with around 40% of world output, as well as being a major producer of diamonds, copper, nickel, iron ore and metallurgical and thermal coal. The company has operations in Africa, Asia, Australasia, Europe, North America and South
Gregory Crinum coal mine to restart following BMA sale
Mar 28, 2019"The acquisition of this coking coal mine is part of that initiative, along with the agreement to sell its stake in the BAU thermal coal mine in Indonesia, announced on March 11," Sojitz stated.
Anglo sells Eskom mines to Seriti Resources for R2.3bn
Apr 10, 2017ANGLO American has agreed to sell its Eskom-dedicated thermal coal mines to Seriti Resources Holdings, a company led by Mike Teke which said the transaction was a significant step in it becoming a black-owned mining champion. The UK-listed group will sell New Vaal, New Denmark and Kriel colleries for R2.3bn (US$164m) as well as four
plant design dependency on Australian thermal coal in north Asia, end-user mine and infrastructure equity agreements, take or pay contracts which provide supply stability and visibility, and strong stability in the historically important markets of Japan, Korea and Taiwan. Commodity Insights has forecast thermal coal import demand from 2018-30.