Coal

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Whitehaven Coal Ltd Announces Cost Cutting Initiatives At Rocglen And Tarrawonga Mines

Wednesday, 20 Mar 2013 06:10pm EDT

Whitehaven Coal Ltd announced a number of cost cutting initiatives designed to support the ongoing viability of its Tarrawonga and Rocglen open cut mines in north west New South Wales. The decision has been taken as a result of the continued weakness in global coal prices, the unfavourable foreign exchange rate and increasing pressure on operating cash margins, and follows a detailed review of all of the company’s operations. The changes include amended mine plans that deliver reduced stripping ratios at both operations allowing a reduction in total installed mining fleet by two 2500 excavators, one located at Rocglen and one located at Tarrawonga. As a result, haul truck numbers at each site will be reduced by four – a total of eight less trucks across the group. Approximately 30 permanent Whitehaven positions and 10 contractor roles will be made redundant as a result of the decision. The redundancies impact Whitehaven’s mine operations and maintenance staff, as well as contractors.

Bhatia Industries And Infrastructure Ltd Announces Amalgamation With Bhatia Global Trading Limited

Friday, 15 Mar 2013 08:11am EDT

Bhatia Industries And Infrastructure Ltd announced that the Board of Directors of the Company at its meeting held on March 15, 2013, inter alia, have subject to the approval of the Hon'ble High Court of Madhya Pradesh, shareholders, Stock Exchanges where the shares of the Company are listed and other relevant regulatory authorities, in principally decided to amalgamate Bhatia Global Trading Limited with the Company. The Board of Directors has also decided to appoint advisors/consultants for Valuation Report, Fairness opinion and other relevant matters.

Shanxi Lanhua Sci-Tech Venture Co Ltd to Dissolve Subsidiary

Thursday, 10 Jan 2013 07:00pm EST

Shanxi Lanhua Sci-Tech Venture Co Ltd announced that it plans to dissolve a 98.06%-owned subsidiary, a Shanxi-based information technology company.

Henan Dayou Energy Co Ltd to Dissolve Subsidiary; to Set up Branch

Wednesday, 19 Dec 2012 07:00pm EST

Henan Dayou Energy Co Ltd announced that it will dissolve its wholly owned subsidiary, a water and heat supply company, and invest the remaining assets to set up a water and heat supply branch.

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Provider: Edison Investment Research
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Provider: Edison Investment Research
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Provider: Edison Investment Research
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Provider: Edison Investment Research
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