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This Month in Coal | E & MJ

This Month in Coal

Whitehaven Completes Daunia and Blackwater Acquisition

Whitehaven Coal reported that all conditions precedent has now been satisfied to complete its acquisition of the Daunia and Blackwater metallurgical coal mines and all the shares in South Blackwater Coal Pty Ltd from the BHP...

Stanmore Buys South32’s Stake in Peak Downs

Stanmore Resources Ltd. has agreed to buy South32’s 50% interest in the Eagle Downs metallurgical project, its entire interest in Eagle Downs Coal Management Pty. Ltd., and associated assets for a...

CONSOL Shifts More Coal to Export Markets

CONSOL Energy sold 26 million tons in 2023 and reported $858 million related to operating activities. During Q4 2023, the Pennsylvania Mining Complex (PAMC) produced 6.6 million tons and shipped 6.8 million tons. The Itmann...

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NMA Applauds End to Unlawful Coal Moratorium

The National Mining Association (NMA) applauded a ruling from the Ninth Circuit vacating a prior, unprecedented ruling from the district court, which manufactured a nationwide injunction against federal coal leasing unless and...

South32 Sells Illawarra Met Coal Complex in Australia

South32 Ltd. is selling its Illawarra Metallurgical Coal to GEAR M Illawarra Met Coal Pty Ltd, which is owned (70%) by Golden Energy and Resources Pte Ltd (GEAR) and (30%) by M Resources Pty Ltd....

Sasol Makes Improvements in South Africa

South African coal operator, Sasol, recently reported that mining productivity for H2 2023 was 6% higher than the same period in 2022, and Secunda Collieries’ productivity was 5% higher. “Although...

Australia’s North Goonyella Renamed Centurion

Peabody announced that its North Goonyella mine in Queensland, Australia, will now be known as the Centurion mine. In October, the company reached an agreement to acquire a large portion of the Wards Well coal deposit adjacent...

Sanctions Weigh Heavily on Russian Coal Miners

By Vladislav Vorotnikov By 2030, Russian coal exports are expected to slump by 30% or 64 million metric tons (mt), against 2021, unless massive investments are pumped into railway infrastructure development and...

Peabody Strengthens Its Met Platform

Peabody said it is making strategic investments in its existing seaborne metallurgical portfolio to substantially increase expected coal production and mine life. During Q3 2023, the company made substantial progress on...

Glencore to Acquire Teck’s Coal Assets

Glencore plc has reached an agreement with Teck Resources Ltd. to acquire a 77% interest in Teck’s metallurgical coal mining business, Elk Valley Resources (EVR), for $6.93 billion in cash. “These...

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MMI Events

Calendar
CIM Connect
05/12/2024 - 05/15/2024
Vancouver Convention Centre, Vancouver, Canada
Current Trends in Mining Finance Conference
05/20/2024 - 05/22/2024
Shearman & Sterling Conference Center, New York, New York, USA
Euro Mine Expo
05/28/2024 - 05/30/2024
Skellefteå, Sweden