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Pingdingshan Tianan Coal Mining to transfer assets and liabilities in branch to unit

Monday, 18 Sep 2017 06:20am EDT

Sept 18(Reuters) - Pingdingshan Tianan Coal Mining Co Ltd <601666.SS>:Says it plans to transfer all assets and liabilities in Pingdingshan-based coal preparation plant to a Pingdingshan-based wholly owned coal preparation unit .

Justkapital to acquire majority interest in National Health Finance LLC

Monday, 11 Sep 2017 07:38pm EDT

Sept 12 (Reuters) - Justkapital Ltd :Justkapital to acquire majority interest in NHF.Signed a conditional securities purchase agreement to acquire 70% of National Health Finance LLC.Acquisition will be funded through a combination of a new debt facility and an equity capital raising.Purchase price, payable on completion of transaction, is US$68mln.Founders of NHF, Dave Wattel and Dr Mark Siegel, will retain a combined interest of 30% in NHF and continue to manage business.Acquisition expected to be immediately & significantly earnings accretive for Justkapital shareholders.It is expected equity capital raise will be at a substantial premium to justkapital's current share price.Not yet got ASX'S determination on application of chapter 11 of asx listing rules to co's proposed buy of national health finance business.

CNX Coal Resources updates 2017 outlook

Tuesday, 5 Sep 2017 06:45am EDT

Sept 5 (Reuters) - CNX Coal Resources LP :CNX Coal resources updates 2017 outlook.CNX Coal Resources LP - revised 2017 adjusted EBITDA outlook to $95-$105 million.Sees 2017 capital expenditure of $28-$30 million.CNX Coal Resources - reducing top end of 2017 adjusted EBITDA range to reflect ongoing mild weather trends in Q3 that have affected power demand in PJM region.CNX Coal Resources LP - ‍to reduce adverse cost impact from Enlow Fork Mine, taken various steps including temporarily suspending use of contractors.CNX Coal Resources LP - steps to reduce adverse cost impact from Enlow Fork, include lowering capital expenditures by about $3 million at midpoint of guidance.CNX Coal Resources - ‍longwall in 4L panel at company's Bailey Mine​ has been idled and workforce adjustments are being made.CNX Coal- ‍as of midnight Monday, Pennsylvania dep sought more time to review technical merits of permit for longwall mining in 4L panel at Bailey Mine​.CNX Coal Resources LP - ‍pennsylvania Mining Complex will lose approximately 25,000 tons of production per day as a result of permit delay​.CNX Coal Resources LP - co maintains the mining permit for Bailey Mine meets necessary criteria for approval.

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