World News Archives - Page 2 of 147 - Coal Age

World News

GEAR Secures Funding for Illawarra Acquisition

A group of banks and investors led by Singapore’s Golden Energy and Resources (GEAR) has secured $850 million to buy South32’s Illawarra metallurgical coal complex in Australia, Reuters reported. A group of five private lenders...

Clara Completes Acquisition of Renison Coal

Clara Resources Australia Ltd. said it has completed its acquisition of Renison Coal Pty Ltd. Clara is now the sole owner of the Ashford coking coal project in the Northern Tablelands of New South Wales, Australia. “This is a...

Botswana Hopes to Export Coal Through Mozambique

Three southern African countries signed a deal to proceed with a rail and port project to help land-locked Botswana export coal through Mozambique, Bloomberg reported. The African Development Bank has agreed to finance a...

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Anglo Reduces Its Guidance for Met Coal Output

Anglo American said its metallurgical coal production increased by 26% to 4.2 million metric tons (mt) during Q2 2024, primarily driven by higher longwall production at the Grosvenor underground longwall operation. A fire at...

Indonesia Gives Mining Permits to Religious Groups

Indonesia’s decision to award mining permits to religious organizations sparks problems with environmental groups, according to Channel News Asia. The country’s second-largest Islamic group, Muhammadiyah, announced at a press...

Atrum Advances Legal Claim Against Alberta

Atrum Coal said it is making progress in its legal claim against the Government of Alberta, Canada, for the de facto expropriation of the Elan coal leases, with a trial date set for early 2025. Alberta placed an indefinite...

Transnet Needs Time and Money

South Africa’s state-owned rail company, Transnet, said it needs nearly $670 million and five years to upgrade equipment to improve the performance of its main coal export line. During 2023, coal shipments plunged to a 30-year...

India’s Coal Production and Imports Reach 5-year High

India has reported its highest coal production in the past five years, according to Asian Power, reaching 997.8 million metric tons (mt) in 2023-2024, which was up 11.71% from a year earlier. Data from India’s Ministry of Coal...

Peabody Achieves First Development Coal at Centurion

The Centurion mine, Peabody Energy’s world class hard coking coal growth project in Australia, continues to advance on time and on budget. “Development at Centurion remains on plan, with initial underground development rates...

Whitehaven Reports a Smooth Integration

In its recent quarterly report (Q2 2024), Whitehaven Coal said it produced 4 million metric tons (mt) of coal and sold 3.2 million mt from its operations in Queensland, which now includes the Daunia and Blackwater mines acquired...

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