· Navajo Transitional Energy Company, LLC buys Navajo Mine, will supply coal to Four Corners Power Plant through 2031. President Ben Shelly signs legislation clearing the way for Navajo Transitional Energy Company to buy Navajo Mine loed on the Navajo Nation. Shelly said the future economic stability of the Navajo Nation hinged on its passage.
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· Ukraine signed an agreement to buy 1 million metric tons of coal from South Africa to maintain power output after mining was disrupted from armed conflict with .
· The NSW Government has bought back BHP's Caroona coal exploration licences on the Liverpool Plains for 220 million. The decision comes after locals spent more than 10 years fighting the mining ...
· Bathurst, majority owned by Singaporeans, already owns a coal mine at neighbouring Coalgate. The Overseas Investment Office (OIO) has granted it permission to buy hectares of grazing land for ...
· The Peak Downs coal mine is loed in the Bowen Basin of central Queensland and is currently the country's biggest coal mine by recoverable reserves. The openpit mine has been producing highquality hard coking coal since 1972 and was estimated to hold 718Mt of recoverable coal reserves last year. It has been owned and operated by Australia ...
· TerraCom's bid was the fifth takeover attempt in as many years, only one of which came close to success before being scuttled at the last minute after Coal of Africa – now MC Mining (ASX:MCM) – failed to prove that the combined entity would have enough working capital to relist.. Despite all this, TerraCom may not yet have succeeded in its hostile takeover as the legal proceedings ...
· Cerrejon coal mine, Colombia. GLENCORE is to take 100% control of the Colombian thermal coal mine Cerrejon after agreeing to buy the stakes held by Anglo American and BHP, its joint venture partners in the mine, for 588m. As the transaction is effective from December 31 and is expected to close in the first half of 2022, the effective deal ...
· Arcelor Mittal, the world's biggest steel producer, said on June 23 it had agreed to buy coal mining group Mid Vol Coal for an undisclosed sum. Mid Vol, based in Virginia and West Virginia, produced million tons of coking coal last year and has reserves of 85 million tons.
· PTT buys Madagascar coal mine in US50million ... which owns a coal mine in Madagascar. PTTAPM had the rights to buy the remaining % stakes in RIM under the price and terms of .
· Vale said Wednesday that it will pay billion for Mitsui's stakes in the Moatize coal mine and the Nacala Logistics Corridor, a 912km railway line. In April Mitsui announced it is exiting the coal business and Vale would be taking the stake. Vale said the payment is part of its steps towards exiting the coal business.
· For instance, Stronghold Digital Mining converts waste coal into alternative energy in order to mine bitcoin and other cryptocurrencies. At the end of May, EZ Blockchain partnered with a Texasbased oil provider to monetize wasted natural gas with bitcoin. ... Buy using Credit Card.
Midtier Australian gold miner Regis Resources (ASX: RRL) said on Tuesday it is buying a 30% stake in AngloGold Ashanti's Tropicana mine for A903 million (), increasing its production ...
· The MetRes joint venture (JV) between Stanmore Coal and M Resources has agreed to acquire the Millennium and Mavis Downs coal mines in Australia from Peabody Energy. The JV signed an agreement to purchase the mines, which are currently in care and maintenance, for an upfront cash consideration of nearly 1m (A) and a royalty agreement, which is capped at 1m (A).
· US coal production has fallen a third in the past decade, and the Energy Information Administration projects stagnation in the industry. More than a million acres have been affected by coal mining. As more mines close, what happens to this land will define the fortunes of the communities that grew around the industry.
· Abandoned coal mines across the UK could be brought back to life as huge underground farms, according to academics. Mine shafts and tunnels .
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Glencore completed its takeover of Xstrata on Thursday, 450 days after the commodities trading house and the mining company announced what was initially planned as a merger of equals.
· Glencore, which holds the remaining % interest in the project, will be buying the mine for 588m, it said. The diversified miner said that based on operating performance and coal prices, it anticipates the cash generated by the operation to reduce the effective aggregate cash consideration to approximately 230m.
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