South African Coal Mining Companies Bankrupt

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  • South32 to spin off South Africa coal business | MINING…

    In a separate statement, the Perthbased company — which spun off from BHP (ASX:BHP) in 2015 — also unveiled a 305 million ( billion rand) investment to extend the life of one of its three South African coal operations, Klipspruit, for about 20 years.

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  • Mining industry of South Africa Wikipedia

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    Mar 16, 2016· Peabody Energy, the largest private coal company in the world, may soon file for bankruptcy, citing falling global demand and "substantial doubt" about its future. The company has been hit hard by a glut in cheap natural gas and the Obama administration's tougher, climate changeminded government ...

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    Finland's Ahtium Oyj, previously named Talvivaara Mining Company has filed for bankruptcy after failing to secure financing for future projects. Asian goldbacked ETFs grow by nearly 10% in February WGC

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    Jun 29, 2016· The coal mining industry has gone through a wave of highprofile bankruptcies. Peabody Energy, the world's largest private coal company, filed for bankruptcy in April. Fellow coal giants Alpha Natural Resources, Arch Coal, Patriot Coal and Walter Energy have each filed for bankruptcy since January 2015. More than three dozen smaller coal companies …

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  • Arch Coal Files for Bankruptcy WSJ

    Arch Coal Inc.'s bankruptcy filing Monday signals that the coal industry's shakeout is entering a crucial phase, which will result in more small, unlisted mining companies, record numbers of mines for sale and lower wages for workers. Over a quarter of coal production is now in bankruptcy ...

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    The world's largest coal company filed for bankruptcy Wednesday, citing a "historically challenged" market for its carbonintensive fuel. Peabody Energy is the third of the top five US coal producers to seek protection from creditors since 2014. Its Chapter 11 filing lists more than billion in ...

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