Tag: #Coal

Wesfarmers sells the Curragh coal mine

Wesfarmers sells the Curragh coal mine

Wesfarmers (ASX:WES) has signed an agreement with the Coronado Coal Group to sell the Curragh coal mine in Queensland for A$700M, resulting in an after-tax profit of approximately A$100M. The sales price also includes a variable component as a part of the price will be based on some sort of […]

Bowen Coking Coal expands its project portfolio

Bowen Coking Coal expands its project portfolio

Bowen Coking Coal (ASX:BCB) has entered into a definitive agreement to purchase the Isaac River coking coal project in Australia for a total of just A$200,000 in cash. This project consists of 14 square kilometers in the Bowen Basin with several other coal mines in the immediate vicinity. Looking at […]

Paringa Resources reduces Poplar Grove pricing risk

Paringa Resources reduces Poplar Grove pricing risk

Paringa Resources (ASX:PNL) is now accelerating the development at its Poplar Grove coal mine in the USA’s Illinois Basin. Meanwhile, the company has now fixed the pricing and the timing of approximately 90% of its financing needs, reducing the risks going forward whilst keeping the project on track to sell […]

Paringa Resources will be boosted by Trump’s new energy policy

Paringa Resources will be boosted by Trump’s new energy policy

Paringa Resources (ASX:PNL) has expanded its bankable feasibility study to include the second coal seam at the Poplar Grove Mine. Adding this seam resulted in an increased production rate of 2.8 million tonnes per year, whilst the initial capex would increase by less than 12% to US$45M. The Poplar Grove […]

Prairie Mining continues to advance the Jan Karski mine in Poland

Prairie Mining continues to advance the Jan Karski mine in Poland

Prairie Mining (ASX:PDZ, PDZ.L) seems to be enjoying some renewed attention as the coal market has been bouncing back since the climate agreement in Paris, late last year. On a year-to-date basis, the coal price has increased by approximately 30%, and is expected to continue to gain strength. Not only […]

Paringa Resources starts the permitting process at Buck Creek No 2

Paringa Resources starts the permitting process at Buck Creek No 2

Paringa Resources (ASX:PNL) has announced it has started the permitting process for its Buck Creek No 2 mine, which should ensure the company to receive all necessary approvals by the end of Q2 net year. We don’t expect the company to encounter any difficulties, considering Paringa now already has some […]

Prairie Mining gets the thumbs up from an administrative court

Prairie Mining gets the thumbs up from an administrative court

Prairie Mining (ASX:PDZ) reported an administrative court in Warsaw has rejected the complaints made by Bogdanka about the exploration concessions on the tenements owned by Prairie Mining. Bogdanka said it should have been awarded the mining concession, but the Warsaw court has now confirmed both the company and the Polish […]

Paringa Resources will prioritize the Buck Creek no 2 mine over 1

Paringa Resources will prioritize the Buck Creek no 2 mine over 1

Paringa Resources (ASX:PNL) has completed a scoping study on the Buck Creek no 2 mine it owns in the United States, and the final result of the scoping study is quite positive and allows the company to re-think the production phase at Buck Creek. Whereas the original mine plan was […]

Paringa Resources has reduced Buck Creek’s initial capex

Paringa Resources has reduced Buck Creek’s initial capex

Paringa Resources (ASX:PNL) has released the results of a bankable feasibility study on its Buck Creek mine near the Ohio River in the USA. The initial capex has been reduced from $127M to $105M and this should boost the operating results and economics of the mine given the production rate […]