Coal news and updates

Buoyed by a rebound in the price of coal, Australian miners of the resource are dusting off expansion plans and raising capital for new projects and acquisitions.

 

New Hope Corporation, a major thermal coal producer, raised about A$200 million ($152 million) late last month whose use it said "may include further growth expansion and opportunistic M&A activity."

 

And Stanmore Resources said last week its majority owner, Singapore-listed Golden Energy and Resources (GEAR), will increase a loan facility to $70 million, partly to help the Australian coal miner advance its Isaac Plains project.

 

Source : https://energy.economictimes.indiatimes.com/news/coal