Leading Developments Archives - Coal Age

Leading Developments

Forrest Calls for a Carbon Levy on Australian Fossil Fuels

Australia should impose a proposed carbon levy on fossil fuel producers to accelerate efforts to meet climate targets, according to billionaire mining-to-clean energy tycoon Andrew Forrest. “It’s high time that industry that...

Shenhua Cuts 2024 Production Target

China’s Shenhua Energy Co., the nation’s top coal producer, has set a lower output target for 2024, according to Bloomberg. The firm plans to cut annual production by 2.6% from the previous year to 316 million metric tons (mt)....

CONSOL Energy Recognized at SME 2024

The Society for Mining, Metallurgy, and Exploration (SME) presented CONSOL Energy with its Robert E. Murray Innovation Award at the annual conference and exposition, which took place in February in...

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UBS to Discontinue Credit Suisse’s Coal Phase-out

In December, the board of directors for the UBS Group AG approved the merger of UBS and Credit Suisse. Once the merger is completed, which is expected in Q3 2024, UBS will begin to streamline and decommission legacy Credit...

South32 Sells Illawarra Met Coal Complex in Australia

South32 Ltd. is selling its Illawarra Metallurgical Coal to GEAR M Illawarra Met Coal Pty Ltd, which is owned (70%) by Golden Energy and Resources Pte Ltd (GEAR) and (30%) by M Resources Pty Ltd....

Warrior Met Publishes 2023 Sustainability Report

Warrior Met Coal’s 2023 sustainability report details the company’s commitment to sustainability principles. Some of the highlights from the report’s highlights include a total incidence rate 52%...

Sasol Makes Improvements in South Africa

South African coal operator, Sasol, recently reported that mining productivity for H2 2023 was 6% higher than the same period in 2022, and Secunda Collieries’ productivity was 5% higher. “Although...

Court Rulings Opens the Door for Oakland Coal Port

A decision by Judge Noël Wise of California’s Alameda County Superior Court on January 23, 2024 will extend to 2026 a lease held by developer Phil Tagami, who has sought for 10 years to build a 34-acre marine terminal at the...

AQC Assembles Finances to Restart Dartbrook in Australia

Australian Pacific Coal Ltd. (AQC) announced that the Dartbrook Joint Venture, comprising AQC and Tetra Resources Pty. Ltd, has finalized a 3-year, $60 million debt facility with Vitol Asia Pte. Ltd., to restart the Dartbrook...

Alliance: 2024 Production Mostly Sold

Alliance Resource Partners, L.P. saw total revenues increase $146.7 million to a record $2.6 billion during 2023, primarily due to higher coal sales revenues. Coal sales prices and coal sales...

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