American coal producer Peabody has terminated purchase agreements with Anglo American for its Australian coal assets due to a material adverse change (MAC). The decision comes nearly five months after an ignition event occurred at Anglo’s Moranbah North mine. Moranbah North was one of the four metallurgical coal mines included in the nearly $3.8 billion deal. The exact cause of…
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Coal producer Peabody has signed a contract to provide 7-8 million tons of coal per year to Associated Electric Cooperative Inc. for at least the next seven years. Full story.
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Photo: Anglo American American coal producer Peabody Energy is reviewing all options related to its acquisition of Anglo American’s coal assets in Australia following an ignition event at one of the mines included in the deal. “The company remains in conversation with Anglo American to better understand the impacts of the event,” said Peabody in a statement. “Peabody is preserving…
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Alliance Coal, a subsidiary of Tulsa-based Alliance Resource Partners, held a groundbreaking ceremony on July 6 for its newest underground mine in Henderson, Ky. Full story.
Read MoreCiveo was awarded a five-year contract with an undisclosed metallurgical coal producer to provide rooms and hospitality services in Australia. Full story.
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Bowen Coking Coal has become the newest independent met coal producer in Queensland, Australia, with the start of coal mining at the Broadmeadow East pit near Moranbah. Read full article.
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