Finance & business

Resolutions seeking the dismissal of two directors have been rejected by Atrum Coal’s shareholders.

ASK-listed coal company, Cokal, has sold its PT Anugerah Alam Manuhing tenements in Indonesia.

Canada-focused ASX-listed anthracite company, Atrum Coal, has scheduled an extraordinary general meeting to consider resolutions to remove two directors.

Kibo Mining, which is developing the Mbeya coal-to-power project in Tanzania, has secured a £1.5 million loan facility from Sanderson Capital Partners.

Resource Generation has appointed Rand Merchant Bank as lead arranger and co-lender for the financing of its Boikarabelo coal mine project.

Action Drill & Blast has reached a principal agreement with Golding Contractors to provide drill and blast services at Isaac Plains.

The final stages of initial construction works at the Boikarabelo project in the Waterberg region of South Africa continued despite a wholesale change in company management.

The deadline for Ncondezi Energy to meet the investment conditions within the joint development agreement with Shanghai Electric Power has been extended.

Co-founder of Atrum Coal, Gino D’Anna, has requested a general meeting to consider motions to dismiss two of the company’s non-executive directors.

Australian coal development company has asked for an extension to its suspension from the ASX to continue negotiations with potential buyers.

Australian coal exploration and mine development company, Acacia Coal, has announced a restructuring of its board of directors in efforts to reduce costs.

Chinese industrial conglomerate, Qingdao Hengshun Zhongsheng Group (Hengshun), has signed an MoU with Coal of Africa to acquire a 34% stake in the Makhado coal project in South Africa.