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Coal

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Northern Railways and UBTZ sign cooperation agreement

Sunday, 19 Feb 2017 04:51pm EST

Aspire Mining Ltd : Northern Railways and UBTZ sign cooperation agreement .UBTZ and Northern Railways have signed an mou to cooperate and negotiate on access to UBTZ Rail network from Erdenet and others.

Miranda appointments Theo Botoulas as CEO

Friday, 17 Feb 2017 05:37am EST

Miranda Mineral Holdings Ltd : Says appointment of chief executive officer, mandated to restructure, .Appointment of Theo Botoulas as chief executive officer and executive director of company..

Coal Of Africa says received notice from Yishun Brightrise Investment to convert loan to equity

Friday, 17 Feb 2017 01:28am EST

Coal Of Africa Ltd : received notice from Yishun Brightrise Investment Pte requesting conversion of a us$10 million loan to coal's ordinary share capital .total amount of conversion shares will amount to 245 million shares and conversion into equity will occur in two tranches.

Superb Allaince Limited buys 8.0 pct stake in Fourth-Link

Thursday, 16 Feb 2017 08:31pm EST

Fourth Link Inc <056730.KQ> :Says Superb Allaince Limited has acquired 665,114 shares of the company, increasing its stake in the company up to 8.0 percent from 0 percent.

Whitehaven Coal says full year saleable coal production is expected to be in range of 21MT to 22MT

Thursday, 16 Feb 2017 04:57pm EST

Whitehaven Coal Ltd :Full year saleable coal production is expected to be in range of 21mt to 22mt.

Whitehaven Coal says HY NPAT attributable $157.5 mln vs $7.8 mln

Thursday, 16 Feb 2017 04:51pm EST

Whitehaven Coal Ltd - : Directors resolved not to pay an interim dividend for half year. . Hy NPAT attributable $157.5 million versus profit of $7.8 million . Hy revenue from ordinary activities $823.5 million, up 43 percent . Production in second half of fy2017 is planned to be higher than in first half. . It is expected that guidance range of 21mt to 22mt provided with fy2016 results will be achieved. . "Much of growth in Asian energy demand is expected to be driven by new power stations" . "Coal prices will remain constructive" . "Maules Creek continues to ramp up and is forecast to produce at an annualised rate of 10.5mt in second half" . "Coal markets changed in mid-2016 following supply reductions overseas" .Thermal and metallurgical coal prices may fluctuate in short term.

China Unienergy Group issues positive profit alert

Thursday, 16 Feb 2017 05:19am EST

China Unienergy Group Ltd <1573.HK> : expected result due to increase in average selling price for clean coal and fine coal products .For year ended 31 december 2016 group is expected to record a significant increase in consolidated net profit.

China Coal Energy posts Jan production volume of commercial coal 6.9 million tonnes

Thursday, 16 Feb 2017 04:31am EST

China Coal Energy <1898.HK> : Announcement on the major productive and operational data of January 2017 . Jan production volume of commercial coal 6.9 million tonnes versus 7.3 million tonnes .Jan sales volume of commercial coal 6.6 million tonnes versus 9.7 million tonnes.

Semirara Mining And Power clarifies news reports regarding DENR cancelling 75 mining contracts

Tuesday, 14 Feb 2017 11:05pm EST

Semirara Mining And Power Corporation : Clarifies of news reports regarding DENR cancelling 75 mining contracts . There is pending transfer or assignment of the MPSA of South Davao Development in favor of the company . Due to recent developments, matter will be submitted for management’s deliberation .Development has no material adverse effect on the business operations and financial conditions of company.

Glencore says purchases stakes in Mutanda and Katanga

Monday, 13 Feb 2017 11:00am EST

Glencore Plc : Today purchased from subsidiaries of fleurette properties limited, fleurette group's remaining 31 pct stake in Mutanda mining sarl and an approximate 10.25 pct stake in Katanga mining limited . Consideration for Mutanda shares is us$922 million and Katanga shares is us$38 million. . Glencore - glencore will set-off against cash consideration payable to fleurette, loans owing to glencore group by fleurette and its affiliates, and secured over Mutanda shares, amounting to us$556 million of which us$120 million comprises accrued interest . In addition, glencore has acquired shareholder loans owed to fleurette group by Mutanda mining sarl in amount of us$130 million. . Accordingly, aggregate cash consideration payable by glencore group in respect of transactions is us$534 million. . In addition, glencore has acquired a further 15,325,000 shares in Katanga mining limited ("Katanga"), which were held as security for a loan provided to Ruwenzori Limited, a member of Fleurette Group .Glencore now owns 100 pct of shares in Mutanda and approximately 86.33 pct of shares in Katanga..

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