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Coal
 
COAL

Prophecy hopes to ship first coal through reopened border post by year-end

0 COMMENTS
Mongolia-focused thermal coal producer and power plant project developer Prophecy Coal on Tuesday reported that authorities had approved the company’s ‘general development plan’ (GDP) for the Zeltura border crossing to Russia. Mongolian...
23rd September 2014
 
 
SAFETY

Operations at Buffalo Coal Aviemore colliery suspended following fatality

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Operations at JSE- and TSX-listed Buffalo Coal’s Aviemore colliery, near Dundee, in KwaZulu-Natal, have been suspended following the death of an employee. The company on Tuesday said a mine employee had died in hospital from injuries sustained in...
23rd September 2014
 
 
COAL

Broke Miranda coal junior shuts up shop, can’t meet obligations, suspends shares

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John Wallington The board of JSE-listed Miranda Minerals has requested the Johannesburg Stock Exchange to suspend trade in its shares as the financially distressed coal exploration-and-development company has ceased doing business and can no longer meet its...
23rd September 2014
 
 
COAL

Output from Minas Moatize to remain stalled until coal prices rally

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Coal asset developer Beacon Hill says its flagship Minas Moatize mine, in northern Mozambique, will likely remain on care and maintenance until coal prices recover and the project’s expanded wash plant is completed by early next year. The plant...
23rd September 2014
 
 
COAL

New Hope profit declines by 20% on coal prices

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The lower coal prices received in 2014 have impacted on New Hope Corporation’s bottom line for the full year ended July. The miner reported on Tuesday that after-tax net profit had declined to A$58.4-million, compared with A$74.1-million reported...
23rd September 2014
 
 
COAL

Guildford warns of impairment on Aus assets

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Coal developer Guildford Coal on Tuesday warned of a possible noncash impairment charge of between A$40-million and A$50-million on the carrying value of its noncurrent Australian assets. The ASX-listed junior said that it had conducted a...
23rd September 2014
 
 
COAL

Cockatoo inches closer to Baralaba expansion

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Junior coal miner Cockatoo Coal was advancing the expansion of its Baralaba coal project, in Queensland, with the miner announcing on Tuesday that it had signed a coal haulage and road infrastructure agreement with the local shire council, and had...
23rd September 2014
 
 
COAL

Union slams BHP as it announces 700 job cuts at Mitsubishi JV mines

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Diversified major BHP Billiton on Tuesday announced that it would cut about 700 staff across its Queensland metallurgical coal assets over the coming weeks. BHP operates seven Bowen basin mines in central Queensland in joint venture with Japanese...
23rd September 2014
 
 
 
 
 
 
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