Terracom makes Universal Coal acquisition compulsory
#0183;#32;TerraCom has tightened its hold on Universal Coal as it moves to acquire all of the shares it does not already own in the company. After receiving more than 92 per cent of Universal Coal
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#0183;#32;TerraCom has tightened its hold on Universal Coal as it moves to acquire all of the shares it does not already own in the company. After receiving more than 92 per cent of Universal Coal
The Danish parliament (Folketinget) had a debate on No New Coal Mines on Thursday after seven members of the RedGreen Alliance proposed that Denmark should join the initiative. All nine major parties joined the debate. The move, led by MP Maria Reumert Gjerding, was welcomed and supported by three other parties; The Alternative, Danish Social Liberal Party and Socialist Peoples Party.
The acquisition of the Walter Energy mines was completed on Sept. 9 of last year and the first truckloads of coal left Brule 13 days later. The speed of the change in ownership and resumption of mining was in response to the strength of the coal market the price of premium hard metallurgical coal had doubled to 180 per metric ton from the early fall of 2016 when Conuma took over the mines
Japan''s Mitsubishi Corp said on Tuesday it will sell its stakes in two Australian thermal coal mines for A750 million (539 million), a move that means its exit from upstream thermal coal amid
Acquisition of land and departure from procedure. Land acquisition for the block was done primarily under Coal Bearing (Areas Acquisition and Development) (CBA) Act, 1957 and partly under Land Acquisition Act, 1894. Around 3,000 hectares of land was made available to the Gevra mine
Solntsevsky coal mine mines record 10 million t of coal Tuesday 01 December 2020 12:05. A record figure of 10 million t of coal has been achieved since the beginning of 2020 at the key mining asset of the Eastern Mining Co. the Solntsevsky coal mine.
TerraCom has tightened its hold on Universal Coal as it moves to acquire all of the shares it does not already own in the company. After receiving more than 92 per cent of Universal Coal
Stateowned electricity firm PLN is set to acquire coal mines as part of its plan to secure 40 percent of the coal demand for its power grid which last year absorbed 95 million tons of coal
COAL producer Geo Energy Resources has acquired a majority stake in two South Sumatra coal mines for US25 million. It will buy PT Titan Global Energy (TGE) from PT Titan Infra Energy (TIE) and its affiliate, PT Jaya Utama Indonesia (JUI), giving Geo Energy a 51 per cent stake in producing coal mines PT Bara Anugr Sejtera (BAS) and PT Banjarsari Pribumi (BP).
Last year, Glencore secured a 49 per cent stake in the Hunter Valley Operations (HVO) coal mine in New South Wales in a deal that followed Yancoal acquisition of Rios Coal amp; Allied division.
DLA Piper advised Batchfire Resources (Batchfire) on the acquisition of the Callide Coal Mine (Callide) from Anglo American. Terms of the deal, which was reportedly agreed upon at the start of the year, remain confidential. This complex transaction brought together the vast coal mining experience of the Batchfire management team, with the private equity funding and coal brokerage expertise of
Overview of the South African coal industry, as well as those in the rest of Africa, focusing on the latest developments impacting the sector and highlighting new projects and mine expansions.
Overview of the South African coal industry, as well as those in the rest of Africa, focusing on the latest developments impacting the sector and highlighting new projects and mine expansions.
Acquisition of Curragh coal mine. On 23 May, Wesfarmers announced its successful 200 million bid for the Curragh coal mine in Queensland. Wesfarmers had not made a major acquisition for six years and at the time coal was out of favour.
In detail, Glencore will buy out Mitsubishi, which owns 32 per cent of the mine, and acquire a further per cent from Yancoal. Once the latter completes its acquisition of the Coal amp; Allied
Middlemount. Middlemount mine is an open cut mine located 90 km north east of Emerald in Queenslands Bowen Basin. Yancoal ownership ~50%. A Joint Venture between Peabody Energy and Yancoal, the Middlemount mine produces low volatile pulverised coal injection (PCI) coal and hard coking coal, with contracted rail and port capacity through Dalrymple Bay Coal Terminal and Abbot
DLA Piper advised Batchfire Resources (Batchfire) on the acquisition of the Callide Coal Mine (Callide) from Anglo American. Terms of the deal, which was reportedly agreed upon at the start of the year, remain confidential. This complex transaction brought together the vast coal mining experience of the Batchfire management team, with the private equity funding and coal brokerage expertise of
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