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Sep 21 2016 · Prices for highquality US metallurgical coal have fallen in recent years from 300 per ton to below 100 but recently rebounded to around 140

Mines are closing and the coal industry is facing a run of bankruptcies and other bad news but a company backed by a 90 million investment is defying conventional wisdom by preparing to open two new mines in Appalachia the hardesthit coal region This coal won’t be used for electricity but for steel manufacturing Metallurgical coal prices are up lately due to a mix of international

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Aug 26 2020 · Whitehaven Coal has struggled against low coal prices during the 2020 financial year with a decrease in revenue of 31 per cent compared with last year

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Sep 06 2016 · A 90 million investment that runs against the trend of coal bankruptcies and mine closures should enable two new coal mines and related facilities to

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Aug 12 2020 · T he future of the oncebooming South African coal industry is no longer what it used to be or to use another wellknown old saw the ‘winds of change’ seem to have finally caught up with the sector that produced 259 million tons Mt of coal in 2019 and earned total revenues of R1393bn This development is not new because the trend has been noticeable for a while

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FILE In this Jan 15 2015 file photo Ramaco LLC CEO Randall Atkins poses with a core sample from the planned site of a new coal mine near Sheridan in northern Wyo Coal developers working against the trend of mine closures and bankruptcies say a 90 million investment announced Tuesday Sept 6 2016 will enable them to open two new mines in West Virginia and Virginia over the next year

Coal mining equipment has come a long way in the past few decades especially in fullface mining Most continuous miners can easily cut a coal face in a single pass and excavate right angle turns with a minimum radius However not too long ago it was a major impediment to long wall development

Aug 28 2013 · First Caterpillar now Joy Global As mining companies take a hit from low commodity prices so do mining equipment makers Joy Global released thirdquarter earnings on Wednesday showing a 36 drop in quarterly orders and warning of a sharp revenue drop this year and next

Sep 06 2016 · Prices for highquality US metallurgical coal have fallen in recent years from 300 per ton to below 100 but recently rebounded to around 140

Aug 19 2016 · The miningequipment business has been among the company’s weakest units recently amid slumping prices for mined commodities and reduced investments in mine expansions and new equipment Caterpillar’s mining unit lost 163 million in the second quarter as sales dropped 29 during the quarter from a year earlier

Sep 01 2016 · Joy Global Inc JOY 208 which recently agreed to be bought by Komatsu Ltd said revenue plunged in the latest period amid the prolonged slump in demand for mining equipment hurt