Anglo, Peabody to lock horns after $3.8bn deal culled
THE stage has been set for a legal battle between US coal major Peabody and Anglo American after Peabody terminated its purchase agreement to...
Thungela CEO upbeat despite coal price slide
THUNGELA Resources level-pegged on coal export volumes for the six months to end-June but earnings were clobbered by lower export prices which dropped 11%...
Global shocks have debunked the peak coal myth
THE world burns nearly double the amount of coal today compared to 2000, and four times the amount consumed in 1950. Every minute, 16,700...
Are banks becoming coal-curious? Mike Teke thinks so
ONE sign coal's reputation is being gradually rehabiliated is that banks and insurers are becoming interested in the the mineral again.
"I think people are...
Seriti CEO takes helm of Global Coal Alliance
THE Global Alliance for Sustainable Coal has named Mike Teke, Group CEO of Seriti Resources, as its new chairman, the organisation said Tuesday. Teke...
Tsengwa proud despite acrimonious Exxaro exit
FORMER Exxaro Resources CEO Nombasa Tsengwa said her controversial departure from the mining giant earlier this year cannot overshadow her fulfilling two-decade career with...
Glencore may look at Anglo mines if Peabody deal fails
GLENCORE might lodge its interest in Anglo American's Australian metallurgical coal mines should their sale to Peabody Energy not be consummated.
Last week Peabody CEO...
Glencore posts 30% hike in net debt as coal, copper slump
GLENCORE posted an interim attributable loss on Wednesday of $655m (2024: -$233m) owing to continuing slump in coal prices and disappointing copper output.
Mining earnings...
Peabody weighs arbitration in Anglo coal dispute: AFR
PEABODY Energy stands ready to take its $5.87bn acquisition of Anglo American's Queensland coal assets to arbitration, claiming an underground fire has reduced their...
Anglo will be “pragmatic” in getting Peabody deal over the line
ANGLO American CEO Duncan Wanblad said he would be "pragmatic" about selling the firm's metallurgical coal assets in Australia amid a dispute with buyer,...