Finance & business

British Colombia anthracite developers, Atrum Coal and BC Anthracite, have settled court proceedings.

Ncondezi Energy and Shanghai Electric Power have signed a shareholders agreement term sheet on a recent visit to Maputo.

Paringa Resources has finalised the CAPEX estimate for the construction and development of its Buck Creek No.2 mine, reducing the estimate by US$5 million.

Japan Oil, Gas and Metals National Corp. (JOGMEC) has formed a joint venture with Mitsui Matsushima to help fund development of the Eastern Coal project in Queensland.

The Triumph Creek coal project development agreements between Acacia Coal and Springsure Creak Coal have been terminated.

Cokal has entered into discussions with Blackspace over potential funding of the Bumi Barito Mineral Coal Project in Central Kalimantan.

ASX-listed Acacia Coal has cuts its exploration and evaluation work substantially as it seeks to conserve cash.

ASX-listed developer of the Crown Mountain metallurgical project in British Columbia, Jameson Resources, continued to focus exclusively on environmental assessment process in effort to cut costs.

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.