CGG Names Baidoukov CFO
CGG has appointed Yuri Baidoukov as Group CFO, effective September 1, 2018. He will be based in Paris and report to the Chief Executive Officer, Sophie Zurquiyah.Baidoukov brings to the role 25 years of international oil and gas industry experience.
Glencore to Restart Australia Coal Mine as Prices Surge
Glencore said on Tuesday it would restart a coking coal mine in southeastern Australia that was shuttered more than two years ago, with a resurgence in prices for the commodity breathing new life into the sector. Less…
Glencore Woes Cast Shadow over Coal M&A
Glencore's efforts to reduce debts to turn around its share price will limit its ability to do deals on coal assets and its absence is expected to slow consolidation in the depressed sector. As the largest shipper of thermal coal…
Vale Sheds Another Australian Coal Mine
Buyers are Glencore, Bloomfield. Brazilian mining giant Vale has continued its disposal of non-core holdings, agreeing to sell a mothballed coal mine in Australia jointly to Glencore Plc and Bloomfield Group for an undisclosed sum.
Prices Continue to Slide on Weak Demand
European physical coal prices continued to descend on Monday as warm weather across Europe sapped energy demand. Cargoes for delivery in June to Amsterdam, Rotterdam and Antwerp (ARA) were trading at $72.75 a tonne, around 25 cents below their last close.
Vale to Shut Money-losing Coal Mine in Australia
Brazilian mining giant Vale said on Friday it plans to close its Integra coal mine in Australia because it is losing money, the latest in company efforts to row back from non-core overseas assets. The decision comes as…
Shutting Integra Coal Mine in Australia, Not Viable
Brazilian mining giant Vale said on Friday it was putting its Integra coal mining complex in Australia under care and maintenance as it is no longer economically viable under current market conditions. Vale said the decision…
