Coal mining

EQS-News: SMT Scharf AG releases final figures for the 2023 financial year 

Retrieved on: 
Wednesday, April 10, 2024

Besides continuing our sales activities in our important core markets around the world, we concentrated on further optimising our processes within the SMT Scharf Group.

Key Points: 
  • Besides continuing our sales activities in our important core markets around the world, we concentrated on further optimising our processes within the SMT Scharf Group.
  • With respect to the distribution of revenues by region, China remained the most important sales market for SMT Scharf.
  • As of the reporting date of 31 December 2023, the SMT Scharf Group’s order book stood at EUR 22.6 million (31 December 2022: EUR 22.9 million).
  • Overall, the SMT Scharf Group is active with subsidiaries in seven countries, as well as commercial agencies worldwide.

Iron Senergy Responds to Senator Casey

Retrieved on: 
Thursday, April 4, 2024

Through his recent press releases, Senator Casey has made it clear that the continued operation of coal-producing assets, like the Cumberland Mine, is in the "best interest of our nation."

Key Points: 
  • Through his recent press releases, Senator Casey has made it clear that the continued operation of coal-producing assets, like the Cumberland Mine, is in the "best interest of our nation."
  • Senator Casey has made it clear that he will fight for the miners, families and economy of Greene County.
  • For that reason, I am inviting Senator Casey to visit our operations as soon as it can be arranged to discuss his support of the Cumberland Mine, which as Senator Casey notes, has been a large employer in Greene County since the 1970s.
  • Senator Casey speaks of the need for coal miners to be certain about their future.

Business as usual: bank climate commitments, lending, and engagement

Retrieved on: 
Tuesday, April 2, 2024
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Key Points: 

    EQS-News: Yankuang Energy Group becomes new strategic core shareholder of SMT Scharf AG

    Retrieved on: 
    Wednesday, March 13, 2024

    52.66% of SMT Scharf AG by Yankuang Energy Group Company Limited, at a price of EUR 11.10 per share.

    Key Points: 
    • 52.66% of SMT Scharf AG by Yankuang Energy Group Company Limited, at a price of EUR 11.10 per share.
    • The Managing and Supervisory Boards of SMT Scharf AG welcome the fact that Yankuang, as a strategic investor, intends to acquire a majority interest in SMT Scharf AG.
    • As Volker Weiss, CFO of SMT Scharf AG, commented: "We aim to maintain a close and regular dialogue with our new core shareholder in order to successfully further develop and advance SMT Scharf Group's business activities.
    • Yankuang Energy Group Company Limited focuses on the sectors of mining, high-end chemicals and new materials, new energy, high-end equipment manufacturing and intelligent logistics.

    Magnolia Oil & Gas Corporation Appoints David Khani to its Board of Directors

    Retrieved on: 
    Tuesday, February 6, 2024

    Magnolia Oil & Gas Corporation (“Magnolia,” “we,” “our,” or the “Company”) (NYSE: MGY) today announced that its board of directors (the “Board”) has increased the size of the Board from seven to eight directors and has appointed David Khani as an independent director of the Board, effective immediately.

    Key Points: 
    • Magnolia Oil & Gas Corporation (“Magnolia,” “we,” “our,” or the “Company”) (NYSE: MGY) today announced that its board of directors (the “Board”) has increased the size of the Board from seven to eight directors and has appointed David Khani as an independent director of the Board, effective immediately.
    • Mr. Khani will serve as a member of the Audit Committee.
    • “We are very honored to welcome Dave to our Board of Directors,” said Dan Smith, Chairman of the Board.
    • Mr. Khani spent the first 18 years of his career at various investment banking and capital market firms, including FBR & Co., Prudential Financial, Inc., and Lehman Brothers, Inc. Mr. Khani holds a B.A.

    ARC Seeks Applicants for Economic Diversification Projects in Region’s Coal-Impacted Communities

    Retrieved on: 
    Thursday, February 1, 2024

    POWER directs federal resources to bring economic diversification and new opportunities to Appalachian communities affected by job losses in coal mining, coal power plant operations, and coal-related supply chain industries.

    Key Points: 
    • POWER directs federal resources to bring economic diversification and new opportunities to Appalachian communities affected by job losses in coal mining, coal power plant operations, and coal-related supply chain industries.
    • “Appalachia’s coal-impacted communities have long been critical economic drivers across our region,” said ARC Federal Co-Chair Gayle Manchin.
    • Proposals may also include plans to integrate activities with existing economic development projects and support the implementation of existing economic development strategic plans on a local, regional, or federal level.
    • Since POWER’s establishment in 2015, ARC has invested more than $420 million in 507 projects across 365 coal-impacted Appalachian counties.

    R.E.A. Holdings plc: Circular re further investment by DSN in REA Kaltim

    Retrieved on: 
    Tuesday, January 30, 2024

    As is normal, crops were weighted to the second half although, unusually, there was no pronounced peak in the fourth quarter.

    Key Points: 
    • As is normal, crops were weighted to the second half although, unusually, there was no pronounced peak in the fourth quarter.
    • This was likely a consequence of a period of lower rainfall that, while typically occurring each year, fell later than usual in 2023.
    • The initial output is being utilised to surface the quarry ends of two roads leading from the quarry to the continuing REA Kaltim sub-group's estates.
    • Debt and cash were increased in November 2023 upon receipt by REA Kaltim of the pre-closing loan of $10.0 million from AP.

    HummingbirdEV Technologies Power First-of-their-Kind Keshi Group Electric Mining Vehicles, Reaching Deployment Milestone with Nearly 400 Vehicles in Operation

    Retrieved on: 
    Thursday, December 14, 2023

    This deployment milestone is the culmination of a seven-year partnership between HummingbirdEV and Keshi Group to build, certify, and deploy the first electric mining vehicles.

    Key Points: 
    • This deployment milestone is the culmination of a seven-year partnership between HummingbirdEV and Keshi Group to build, certify, and deploy the first electric mining vehicles.
    • View the full release here: https://www.businesswire.com/news/home/20231214400675/en/
      An explosion-proof electric mining vehicle equipped with HummingbirdEV's electric vehicle technology.
    • (Photo: Business Wire)
      The first-of-their-kind electric mining vehicles have a payload capacity ranging between 16,000lbs to 30,000 lbs.
    • “Today’s deployment milestone in collaboration with an industry leader such as Keshi Group provides the market with confidence in our technology.

    Indonesia Construction Equipment Market Assessment Report 2023-2029 Featuring Prominent Vendors - Caterpillar, Komatsu, Volvo, Hitachi, Kubota, SANY, JCB, XCMG, Kobelco, Zoomlion, and Hyundai - ResearchAndMarkets.com

    Retrieved on: 
    Friday, November 17, 2023

    Earthmoving equipment accounted for the largest share of the Indonesia construction equipment market in 2022.

    Key Points: 
    • Earthmoving equipment accounted for the largest share of the Indonesia construction equipment market in 2022.
    • Rising investment in public infrastructure and transport facilities is expected to drive demand for excavators in the Indonesian market.
    • Major construction equipment manufacturers such as Volvo Construction Equipment, SDLG, and XCMG launched electric and compact mini excavators in the Indonesia construction equipment market to tackle the growing demand in the market.
    • SANY, Kobelco, Komatsu, Caterpillar, & Hitachi Construction Machinery are leaders in the Indonesia construction equipment market.

    Carlisle TyrFil Expands Its Asia Presence to Manufacture Off-the-Road (OTR) Premium Tyre Flatproofing Technology in China

    Retrieved on: 
    Tuesday, November 14, 2023

    Carlisle TyrFil is the premium global manufacturer and distributor of polyurethane tyre fill for Off-the-Road (OTR) commercial earthmoving and mining industrial vehicles.

    Key Points: 
    • Carlisle TyrFil is the premium global manufacturer and distributor of polyurethane tyre fill for Off-the-Road (OTR) commercial earthmoving and mining industrial vehicles.
    • Since its inception in 1971, the TyrFil™ brand has offered a sustainable, alternative tyre technology solution to eliminate costly and dangerous tyre flats on the job site.
    • View the full release here: https://www.businesswire.com/news/home/20231114834870/en/
      Carlisle TyrFil Flatproofing technology virtually eliminates Off-the-Road (OTR) vehicle tyre flats on the job.
    • With the use of TyrFil flatproofing, OTR vehicles can effectively operate over typical worksite debris—such as nails, glass, sharp rocks, and rebar—without unexpected tyre flats.