Finance & business

Kibo Mining has received the first payment of US$1.8 million from EPC contractor SEPCO III under a new agreement for the development of the Mbeya coal-to-power project.

Malabar Coal has completed the first component of an AUS$2 million entitlement offer, raising AUS$1.42 million from institutional investors.

Atrum Coal has entered into a joint exploration agreement with JOGMEC to explore the Panorama North anthracite project in British Columbia.

“The production standstills at the Werra potash plant had an adverse effect on our business,” said Norbert Steiner, Chairman of the Board of Executive Directors.

Pacific American Coal has appointed Hatch to complete a CAPEX study for the Elko metallurgical coal project.

Malabar Coal is aiming to raise AUS$2 million to fund development of its Spur Hill metallurgical coal project. It will also seek to delist from the ASX.

Kibo Mining signs new agreement with SEPCO III on the Mbeya coal to power project, securing cash payment and avoiding equity dilution.

Agrium Inc. has released its 2Q16 earnings, with net earnings attributable to equity holders of Agrium of US$564 million compared to US$674 million in 2Q15.

Uralkali has announced the following decisions taken by its Board of Directors at a meeting on 19 July 2016.

Funding for Resgen’s Boikarabelo coal mine has been agreed subject to approval with a syndicate of lenders.

Rio Tinto has completed the sale of its Mount Pleasant coal assets in the Hunter Valley of New South Wales.

Paringa Resources has completed its placement of AUS$6.5 million worth of new shares, raising cash to develop its Buck Creek No.2 mine.

Acacia Coal continues to focus on cash preservation as it explores potential investment opportunities.

Paringa Resources, the ASX-listed developer of the Buck Creek mining complex in the US, has raised AUS$6.5 million in a share placement.

ASX-listed Tigers Realm Coal has raised AUS$15.4 million from existing shareholders in an entitlement offer of TIG shares.