Westmoreland Signs Long-term Deal Extension in Canada

Independent producer Westmoreland Coal confirmed it has lengthened a long-term supply deal with Saskatchewan Power Corp. (SaskPower) by an additional 14 years. The deal, which includes more than 58 million tons, will now run through the end of 2029. The coal will originate at Westmoreland’s Poplar River surface mine in the south-central Saskatchewan town of Coronach. The mine has been supplying coal to SaskPower’s Poplar River Generating Station since 1978.

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Cliffs Sells Remaining U.S. Coal Assets

Cliffs Natural Resources sold the Pinnacle mine in West Virginia and Oak Grove mine in Alabama to Seneca Coal Resources. The $268 million deal is based on Seneca Coal assuming all liabilities. Additionally, Seneca Coal may pay Cliffs an earn-out of up to $50 million contingent upon the terms of a revenue sharing plan, which extends through the year 2020.

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Alberta Government Completes Review of Tailings Dams

The Alberta Energy Regulator has wrapped up an investigation of nearly three dozen coal mine water structures across the province and has found them all to be without significant deficiencies except for one.

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Eskom Terminates Supply Deal With Exxaro

After two years of talks and disagreements on its 40-year-long coal supply agreement, Eskom has confirmed that the pair’s longtime coal deal will not be renewed. The existing contract was due to expire this month, and Eskom confirmed this week that it would no longer take coal as of December 31. Earlier this year, Eskom told Exxaro that the price for its coal, which Eskom used to fuel its Arnot power plant, was too high. Despite entering into a memorandum of understanding (MoU), negotiations dissolved; subsequently, Eskom advised Exxaro to commence closing the Arnot mine.

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