Kameron Coal’s Donkin mine has received four orders and six warnings from provincial authorities since limited production restarted on Jan. 25, following a roof cave-in last year.
Chinese coal traders are reported to have cut back on buying from Australia after the length of time taken by customs to clear cargoes reportedly doubled.
Eleven years ago, Cloud Peak Energy Inc. made an all-or-nothing bet its rivals were unwilling to match: that coal would remain indispensable to the U.S. power sector.
The body, which looks into the way the Polish state operates and how it spends public funds, says the company has spent more than $5.2B in three years on the underperforming Sierra Gorda mine.
Exxaro's coal export volumes surged to a record 8 million tonnes. Revenue jumped 12% to 25.491 billion rand compared with 22.813 billion rand the previous year.