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news

US coal miner Peabody Energy agrees to acquire Shoal Creek met coal mine for $400 mil

source: S&P Global
22nd September 2018

London — US coal miner Peabody Energy said Friday it has agreed to acquire the Shoal Creek coking coal mine for $400 million from private mining group Drummond Co

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news

Negative Outlook For Coal-Based Thermal Power Plants: India Ratings

source: Energy Business Review
22nd September 2018

Coal-based thermal power plants are likely to suffer due to the twin issues of lower power demand from distribution companies and coal availability. However, the broad outlook is positive for wind


news

Rio Tinto to use $3.2 billion in coal-sale proceeds for share buyback program

source: S&P Global
21st September 2018

The $3.2 billion of net disposal proceeds is derived from the completed sales of Australian coal assets Hail Creek and Valeria (pre-tax $1.7 billion), Winchester South (pre-tax $0.2 billion) and Ke


news

European coal market struggles with surge of off-spec flows

source: S&P Global
21st September 2018

A European utility buyer questioned how much more off-spec coals could fit into Europe. The source said a lot of high ash coals, notably from South Africa and Australia, were sitting in stockpiles


news

Indonesia July coal exports hit 4-year high

source: Montel
21st September 2018

(Montel) Indonesia’s coal exports rose 20% year on year in July to a four-year high on the back of strong Chinese demand and high export prices, Bank Indonesia data showed on Thursday.