EY: Coal M&A to Accelerate in 2015

EY: Coal M&A to Accelerate in 2015

In a report titled "Mergers, acquisitions and capital raising in mining and metals," EY takes a look at what's been happening in the coal space over the past year and what might be in store for 2015.

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Company News

Glencore to Cut Down on Australia Coal Exports

Mineweb reported that Glencore Plc (LON:GLEN) plans to cut coal exports from its Australian mines to ensure that the mines stay in profit, as coal prices drop to a 5-1/2 year low.

Glencore To Cut Australian Coal Exports By 15 Million Tonnes

Following a shutdown of its coal operations over Christmas, Glencore (LSE:GLEN) announced plans to reduce Australian exports by 15 million tonnes in 2015. Analysts still see both the thermal and metallurgical coal markets as very oversupplied.

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Market News

Largest Coal Mine in Russia Opens in Siberia

The Siberian News reported that Russia's largest coal mine, a new 167 year life coal mine, has been officially opened in southern Siberia.

India Could Overtake China in Coal Business

MINING.com reported that global coal prices are on the rise. It also said that India could overtake China as the world's growth engine for coal.

Indian Coal Output Anticipated to Increase

Mineweb reported that India is taking the right steps to boost its domestic coal industry, though it may not see immediate results.

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