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Glencore Sells Its Australian Tahmoor Coal Mine to GFG Alliance
January 5, 2018
Glencore PLC has agreed to sell an underground coal mine in eastern Australia to GFG Alliance, an industrial conglomerate that last year picked up steel and iron-ore mining assets in the country. Glencore said the deal for its Tahmoor mine
ContourGlobal to Build $1.17 Billion Coal-fired Power Plant, Kosovo
January 4, 2018
Kosovo government has signed an agreement with US-based ContourGlobal for the construction of the €1bn ($1.17bn) Kosova e Re coal-fired power plant in the country to meet the increasing power demand. The commercial agreement between the Kosovo government and ContourGlobal
Atlantis Resources to Acquire SIMEC’s Coal Power Plant in South Wales, UK
January 4, 2018
Tidal power developer Atlantis Resources has agreed to acquire the 363MW Uskmouth coal power station in South Wales, UK owned by SIMEC Uskmouth Power (SUP), a subsidiary of SIMEC Energy. In return, Atlantis Resources will issue 49.99 percent of its
SMC Global Power to Acquire Two Coal Power Plants for $1.8 Billion, Philippines
January 4, 2018
SMC Global Power, part of Filipino conglomerate San Miguel Corporation has signed agreements to acquire two coal power plants of 965MW capacity and a 10MW energy storage project in Philippines for $1.855bn. The sellers are US-based power company AES and
Newmont Mining to Benefit from New GOP Tax Bill
December 28, 2017
Newmont Mining Corp. said there will be at least one effect on its balance sheet as the result of the recent passage of a new GOP tax bill. The Colorado mining giant said in a Friday filing with the Securities
Newmont Mining Sees Gold Production Rising, Costs Improving
December 28, 2017
Newmont Mining Corp. on Wednesday raised its outlook for gold production next year while lowering its expected costs. The Denver-based miner said gold costs applicable to sales will fall between $700 and $750 an ounce in 2018. The company had
Glencore and Apollo Bid for Rio Tinto’s $1.5 Billion Coal Assets
December 22, 2017
Glencore and a group led by Apollo Global Management are among bidders set to be shortlisted for the sale of Rio Tinto Group’s last remaining coal mines, which may fetch more than A$2 billion ($1.5 billion), people familiar with the
Coal India Awards Coal Contracts to Ten Power Plants that Won Auction
December 22, 2017
The board of directors of Coal India on Wednesday cleared the decks for awarding coal contracts to 10 power plants that won the supply in an auction held in September. “Auction of coal linkages to independent power producers having long-term
Rio Tinto to Expand Automation in Pilbara Operation
December 21, 2017
The Sydney Morning Herald reported that miner Rio Tinto will significantly expand automation at its Pilbara iron ore operations with the retrofitting of 48 giant haul trucks with autonomous technology over the next two years, as part of a wide
UK Coal Industry Still Burning Abroad Despite Push for Global Ban
December 21, 2017
Reuters reported that Britain led calls for an end to coal fired power generation at United Nations climate talks in Bonn last month but at the same time British companies are active in coal projects around the world, often with
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