Anglo American has agreed to sell its portfolio of steelmaking coal mines that it operates in Australia to Peabody Energy for a cash consideration of up to US$3.775 billion. The acquisition includes four metallurgical coal mines – Moranbah North, Grosvenor, Aquila, and Capcoal – located in the Bowen Basin. It is expected to transform Peabody’s metallurgical coal segment, increasing production…
Read More
Photo: Whitehaven Coal Australian miner Whitehaven Coal has entered into separate deals with Japan’s Nippon Steel and JFE Steel for the sale of a joint venture interest of 20% and 10%, respectively, in its Blackwater coal mine in Queensland. The transactions total US$1.08 billion, and are expected to close in the first quarter of 2025. “We look forward to working…
Read More
Australian miner South32 has agreed to sell its Illawarra metallurgical coal business for $1.65 billion, exiting the coal market to focus on copper and zinc opportunities, reported Reuters. Illawarra is being sold to a consortium led by Golden Energy and Resources and M Resources. The deal comprises an upfront cash payment of $1.05 billion at completion, and a deferred cash…
Read More
The Metallurgical Coal Producers Association (MCPA) has revealed that a majority of the nation’s metallurgical coal produced annually – about 55% – is now represented by the group. Full story. https://northamericanmining.com/index.php/2024/01/31/majority-of-u-s-produced-met-coal-now-mcpa-represented/
Read More
India’s biggest steel producer JSW Steel intends to bid for a 20-40% stake in Elk Valley Resources Ltd., the metallurgical coal unit of Canadian-based Teck Resources, reported Bloomberg News. Full story.
Read More
SEMCO Publishing, publisher of North American Mining magazine, has come to an agreement with the West Virginia Coal Association to hold a combined first annual West Virginia Coal Show and 50th anniversary West Virginia Coal Symposium from March 26-28, 2024 at the Charleston Coliseum and Convention Center in Charleston, W.Va. 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.
Read MoreCokal has announced the production of its first saleable metallurgical coal from the Bumi Barito Mineral (BBM) mine in Indonesia. Read full article.
Read More
American Resources has commenced production at its Carnegie 2 underground metallurgical coal operation in Pike County, Ky., ahead of schedule and with offtake that is already committed. Read full article.
Read MoreSeveral global reports have cited new talks by Chinese officials toward the idea of ending a nearly two-year ban on Australian coal, in part by choppy supply chain waters. According to a 14 July Bloomberg report, a proposal will be prepared and submitted to senior leaders with a recommendation that Australian imports resume in Beijing. The impetus: easing tensions, as…
Read More