Bogdanka, controlled by state-run utility Enea SA, said the $305 million provision comes amid “dynamic changes” on the domestic coal market.

On Friday, Queensland's mining regulator suspended the use of heavy vehicles at the mine.

Canada's rail disruption that Ottawa ordered to binding arbitration has new wheels a day later.

Nippon Steel and JFE Steel will buy 20% and 10% stakes respectively.

Thomist suggested to Peabody management that the company should use some of its $1.45 billion cash balance to repurchase stock.

The new company will own 11 mines producing thermal coal for power plants and metallurgical coal for making steel.

Coal output rose 2.8% in July from the same month a year earlier, hitting 390.37 million metric tons.

A sum of 100 rupees ($1.19) a ton will be levied on coal and iron ore production once it’s passed.