Core Natural Resources said it is taking steps to temporarily seal the Leer South mine’s active longwall panel in order to extinguish isolated combustion-related activity. An underground fire broke out at the coal mine, located near Philippi, W.Va., on January 13. Full story.
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Coal miner Peabody has completed its acquisition of Wards Well coal deposit immediately next to its Centurion mine complex in Queensland, Australia. The transaction was with seller Stanmore Resources, and carried a cash price tag of $136 million as well as a contingent royalty of up to $200 million payable after recovery of the related project investment when coal prices…
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